Content from L.S. Howard
QBE Settles Australia Class Action Suit Over Profit Warning for $103.2M
QBE Insurance Group Ltd. has agreed to pay $103.2 million to settle a shareholder class action in Australia. The class action was commenced by Money Max Interest Pty Ltd on Sept. 9, 2015 in the ...
The Insurance Protection Gap: A Growing Problem in Emerging Nations, Developed Economies
The protection gap. It's a phrase that will be increasingly heard over the coming years—because it is getting bigger. The protection gap is the difference between insured losses and economic ...
The Fine Art of Underwriting Through Soft and Slightly Harder Market Cycles
Twenty or so years ago, a London market marine underwriter declared he was going golfing one particular afternoon because he had reached his annual capacity level. That was an underwriting model ...
Generali’s German Arm Plans Life Insurance Run-Off in Early 2018
Generali Deutschland has launched the next phase of its program to reorganize in Germany, which is one of Generali's core markets. The program is designed to strengthen and streamline operations, ...
Small, Medium-Sized Businesses See BI Coverage Gaps After Terrorist Attacks: Pool Re Report
Many terrorism insurance policies are triggered when there is physical damage to a property. As a result, commercial insurance buyers may find that they are unprotected against business interruption ...
InsurTech Firms Often Help Traditional Reinsurers: JLT Re
A wave of InsurTech startups are entering the re/insurance market—but that's not necessarily a disruptive trend, according to a report published by JLT Re. Indeed, the report points to close ...
QBE Group CEO Neal Is Stepping Down; Regan to Succeed Him
QBE Insurance Group today announced that John Neal, Group chief executive officer, will be stepping down after five years in the role. The board of directors has appointed Patrick Regan, chief ...
After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing
The industry's Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and could be on the cusp of an industry ...