Insurance Regulation

Tavaziva Madzinga Joins ABI as Board Member

The ABI (Association of British Insurers) today announces that Tavaziva Madzinga, CEO, Swiss Re, UK & Ireland (UKI) has joined its Board. ABI Board Chair Jon Dye, Chief Executive, Allianz Insurance, said: “I am delighted […]

Global insurance trends

2013 global insured catastrophe losses fall by $36bn

According to the latest sigma study, global insured losses from natural catastrophes and man-made disasters were $45 billion in 2013, down from $81 billion in 2012. Of the 2013 insured losses, $37 billion were generated by natural catastrophes, with hail in Europe and floods in many regions being the main drivers. […]

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Global insurance trends

Commercial risks leaning towards liability and growth markets

Commercial insurance is a $600 bn business globally, the US accounts for 40% of it Liability insurance is gaining importance compared to property insurance in the rapidly changing mature economies Contingent business interruption risk is […]