Australian giant IAG is still counting the cost of the 2011 Christchurch earthquake and announced a 19.5% fall in profits for the first half of the 2015/16 financial year.
IAG managing director and CEO Peter Harmer announced a reinsurance transaction with Berkshire Hathaway to help with its continued exposure and asbestos liabilities from the devastating earthquake. The...
Damages from flooding earlier this year are less than originally thought, Perils has said.
Brexit will have little impact on the financial services sector and a workable agreement with the European Union will be “straightforward”, according to Managing Partners Group.
Direct line has seen more than 200 claims for lightning damage to homes so far this month, with some claims worth up to almost £46,000.
The Federation of European Risk Management Associations today elected three new board members with hopes of generating fresh perspectives.