Archive

Scor works with Howden to launch carbon capture insurance facility

The offering will cover environmental damage and loss of revenue stemming from CO2 leakage

Sompo issues revamp plans as it scrambles to repair reputation from Bigmotor fallout

Insurer was hit by an FSA business improvement order last week

Motor/property claims cost IAG about 20% more in 2023

Government reinsurer to cover A$14m of Suncorp's latest gross cyclone costs

Cyclone Jasper hit far north Queensland in December

Chinese insurers improve risk management performance in 2023, regulator finds

But shortcomings still identified at some, and 12 assessed as worse than in 2022

NFIP has entered "actuarial death spiral", made flood insurance impossible to afford

Senators press for reform of government flood programme which now has over $20bn of debt

Everest Insurance sets up dedicated private equity practice

BaFin to scrutinise third-party IT risks facing insurers in 2024

The regulator has identified seven key risks for Germany's financial system

Eiopa's internal model diversification study finds "sizeable" differences in capital impacts

The authority analysed outputs from nearly 100 internal models

Solvency UK reforms unlikely to alter credit investors' view on insurers

Phoenix Group's Rakesh Thakrar described the reforms as a "correction" of previous rules