Marsh has reported revenues of US$775 million for its U.S./Canada division for the first quarter of 2017 ending March 31, up from US$701 million in the first quarter of 2016. Consolidated revenue for the quarter was US$3.5 billion, up 5%…
There is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,…
Independent claims provider Crawford & Company announced on Monday net income attributable to shareholders of US$10.9 million in the third quarter of 2016 ending Sept. 30 compared to a net loss of US$0.9 million in the same period last year.…
CNA Financial Corporation saw net income jump US$165 million to US$343 million in 2016 Q3 over the prior-year quarter, driven by the performance of its Property & Casualty Operations, higher net investment income and stable catastrophe losses. Net income for…
CNA Financial Corporation has announced a one point improvement in its P&C combined ratio for the second quarter of 2016 ending June 30, from 98.4% last year to 97.4% in the most recent quarter. For the first six months of…
SANAA, Yemen — Heavy rainfall in several parts of Yemen has caused widespread flooding that killed at least 16 people and caused the collapse of small dams, including two in Hajja and Omran provinces north of the capital, Sanaa, security officials…
Almost all IT professionals taking part in a recent global survey agreed customer data privacy concerns are a critical issue at the C-level, but fewer than one in 10 of respondents believe that current privacy and consent methods are adequate.…
A new investigation suggests many anchor losses are avoidable and shed light on a potentially bigger issue: the need for crews to be aware of the environmental loads for which equipment is designed. A rising number of anchor losses reported…
The aggregate value of global insurance transactions in the property-casualty, life and health sectors last year was four times higher than in 2014, reaching US$195 billion, notes a study released this week by Conning, Inc. “M&A activity in 2015 was…
Tremendous opportunities exist for insurers around the world to capitalize on the largely untapped cyber insurance market, a move that could help them balance their risk portfolios and maintain a positive outlook, suggests a report released this week by IDC…
More than eight of 10 surveyed financial services firms, including banking and insurance, report believing part of their business is at risk of being lost to standalone FinTech companies, suggests a report released Tuesday by PricewaterhouseCoopers (PwC). Based on a…
Businesses have difficulties with reaching a basic level of protection around cyber security, often as a result of a lack of risk insights and data driven risk mitigation and risk management must play a central role, the Federation of European…