Keep up to date with the latest actuarial and insurance news in our weekly round-up…
The ongoing Australia bushfires have burned across an extremely large area, but their reinsurance impact will likely not be as significant as some previous fires, according to global brokerage Aon.
The risk of a prolonged low-yield environment has intensified in the last six months and remains the key challenge for European insurers and pension funds.
Re/insurance industry losses from the catastrophic bushfires still burning through southeastern Australia continue to increase, with the Insurance Council of Australia (ICA) now estimating total insured losses at US $645 million.
With the acquisition, Aon will expand its position in the fast-growing commercial insurance market for smaller businesses.
A landmark ruling finding veganism a philosophical belief will have a wider impact on the pensions industry, experts have said, as they warned trustees against knee-jerk reactions.
Allianz Holdings plc has completed the acquisition of the remaining 51% of the LV General Insurance Group from Liverpool Victoria Friendly Society.
Prices for reinsurance contract renewals have not significantly increased despite rising costs from a broad range of natural disasters over the last few years, according to a Financial Times report.