News

• ABI sets out why insurers should take action on nature risks

  04 July 2023

  The UK association has launched a guide to help insurers tackle decline in nature

• IFoA fires climate modelling warning to financial services sector

  04 July 2023

  Models need to better capture risk drivers and uncertainties, an IFoA report has said

• BMA finds insurers falling below capital targets post cyber stress

  04 July 2023

  The Bermudian regulator released results of its prescribed cyber stress tests

• FCA calls out poor practice in UK general insurance market

  04 July 2023

  The regulator has warned it will continue to monitor firms

• Suncorp expects 12% higher reinsurance and natcat budget bill this year

  04 July 2023

  Australasian bancassurer got some relief from joining public reinsurance pool in June

• Zurich's UK chief Tim Bailey becomes ABI president

  03 July 2023

  Clare Bousfield, chief executive for retail and savings at M&G, is appointed deputy president

• US federal regulator decries limited state efforts on climate

  03 July 2023

  Report highlights 20 recommendations for states to follow in climate regulation

• Gallagher Re: "Order restored" at mid-year reinsurance renewals following frustrating 1/1 season

  03 July 2023

  But reinsurance prices climb sharply in Australia and the US

• Cresta puts insured losses from Turkish-Syria earthquakes at $5bn

  03 July 2023

  Cresta said the sequence of earthquakes caused the largest international insured catastrophe losses, in 2023 so far

• UK passes law in a bid to prevent demutualisations

  03 July 2023

  Limited bill allows firms to restrict use of assets