ABI gets Snippy on insurance tax
04 March 2024
The Association of British Insurers has unveiled a new campaign to push for reductions in insurance premium tax...
International
Zurich clocks up record $11 billion profit
26 February 2024
Zurich’s operating profit rose 21% to a record $US7.4 billion ($11.3 billion) last year...
Axa earnings top $12 billion, sets three-year growth plan
26 February 2024
Axa has posted stronger full-year earnings, powered by its core property and casualty (P&C) business...
Marine cover aids Ukrainian grain exports
26 February 2024
Insurance has contributed to much of the Ukrainian grain harvest being exported, helping to stabilise commodity prices as global marine insurers say they will continue to support trade in the Ukraine/Black Sea area and the Red Sea...
Lloyd’s confirms General Counsel role
26 February 2024
Lloyd’s has announced interim General Counsel Claire Schrader will continue in the role permanently...
Cautious reinsurers hold line on casualty capacity: AM Best
19 February 2024
Reinsurers maintained adequate casualty capacity at the January renewals, with modest price changes, despite concerns about litigation funding’s impact on social inflation and recent reserve strengthening, AM Best says...
Swiss Re property and casualty arm lifts earnings
19 February 2024
Swiss Re’s full-year net income rose sharply to $US3.2 billion ($4.8 billion) from $US472 million ($720 million) in 2022 as its property and casualty reinsurance business performed strongly...
AIG hails ‘significant momentum’ after strong insurance results
19 February 2024
AIG’s general insurance business made $US5.37 billion ($8.21 billion) in adjusted pre-tax income last year, up from $US4.4 billion ($6.7 billion) in 2022...
Lloyd’s invests in two insurtechs
19 February 2024
Lloyd’s has confirmed investments to help two Lloyd’s Lab alumni, Axio and REOR20, develop insurance solutions within the London market...
Resilience strategies ‘fundamental’ for industry, Aon says
12 February 2024
Aon’s fourth-quarter Global Insurance Market Insights report highlights resilience as a definitive theme for the industry amid economic, political and natural disaster risks...
UK insurers halt motor-add on sales amid regulator concern
12 February 2024
British insurers have agreed to pause sales of guaranteed asset protection insurance products following a request from the Financial Conduct Authority...
Cost of Turkey quakes tops $5 billion
12 February 2024
Catastrophe data group Perils has released its fourth cost estimate for last February’s earthquakes in Turkey, with insured property losses amounting to 117 billion lira ($5.84 billion)...
Aon Q4 revenue rises as legal cost dents result
12 February 2024
Broker Aon’s key businesses performed strongly in the fourth quarter but group net income fell due to higher expenses, including a $US197 million ($303 million) charge “in connection with certain accrued actual or anticipated legal settlement expenses”...
Talanx sets earnings record as insurance revenue increases
12 February 2024
Talanx, the parent company of HDI Global, says net income last year jumped to a record €1.58 billion ($2.61 billion) as all divisions reported earnings growth...
Reinsurer appetite rises in smoother January renewals
05 February 2024
January reinsurance renewals were completed relatively smoothly compared with a year earlier when a market reset drove higher pricing and tougher terms, but “underwriting rigour” has continued...
Marsh McLennan ‘excited’ about Honan as shopping spree continues
05 February 2024
Marsh McLennan President and CEO John Doyle says the company remains on the lookout for acquisitions following deals last year that included buying Australia and New Zealand broker Honan Insurance Group...
Japanese earthquake losses could hit $9 billion
05 February 2024
Insured losses from the earthquake that shook Japan’s Noto Peninsula on New Year’s Day could reach ¥435- ¥870 billion, catastrophe risk modeller Moody’s RMS estimates...
Premium increases boost Gallagher earnings
05 February 2024
Broker Gallagher posted higher earnings in the fourth quarter, lifted by premium rises at renewals...
‘Outstanding quarter’ closes out Chubb’s best year yet
05 February 2024
Chubb CEO Evan Greenberg says strong fourth-quarter earnings contributed to a “blowout year – the best in our company’s history” and underwriting conditions overall are favourable...
Canada suffers fourth worst year of losses
05 February 2024
Insured losses in Canada topped $C3.1 billion last year, making it the country’s fourth costliest year, according to Perils subsidy Catastrophe Indices and Quantification...