Crawford Q3 revenue jumps 10%
20 November 2023
Claims management firm Crawford & Company posted a 10% rise in year-on-year revenue to $US325.6 million in the third quarter, a new quarterly record...
International
Talanx lifts earnings guidance, says Gabrielle cost $110 million
20 November 2023
HDI Global parent Talanx says it will beat previous earnings forecasts after a strong performance during January-September...
Talent recruitment emerges as major business risk
13 November 2023
Cyber attacks/data breach leads the top-ten list of risks most feared by C-suite leaders and senior management, followed by business interruption and economic slowdown/slow recovery, according to a biennial survey by Aon...
Allianz confirms profit target after Q3 catastrophe impact
13 November 2023
Allianz has confirmed its full-year operating profit target following rising business volumes in the first nine months, but an “exceptionally high” level of property and casualty division natural catastrophe claims affected the third quarter...
Zurich books rise in premium, cites P&C rates strength
13 November 2023
Zurich Insurance Group has recorded premium growth for the nine months to September, supported by its property and casualty and life businesses...
Munich Re P&C profit surges after mild hurricane season
13 November 2023
Munich Re says its property and casualty reinsurance division more than doubled its third-quarter net profit, as catastrophe losses fell sharply in the absence of major natural disaster events...
Capacity crunch hits Asia Pacific insurers harder: Gallagher Re
06 November 2023
A shortage of reinsurance capacity is particularly concerning for insurers in the Asia Pacific region, Gallagher Re’s new Asia Pacific Market Watch report says...
Axa report flags ‘polycrisis’ risk landscape
06 November 2023
Axa’s annual risk report has warned the world faces a period of “polycrisis” as high-profile risks, such as climate change and technology concerns, “no longer follow one another but are happening at the same time”...
Swiss Re earnings rebound after lower catastrophe losses
06 November 2023
Swiss Re has reported nine-month net income of $US2.5 billion, compared to a $US285 million year-earlier loss, following a turnaround in the property and casualty business...
Berkshire Hathaway underwriting returns to profit
06 November 2023
Berkshire Hathaway insurance underwriting returned to profit in the third quarter and the first nine-months of the year as it benefitted from relatively low catastrophe losses and an improvement in its direct motor business...
Reinsurance rate rises drive interest in alternative solutions
30 October 2023
Reinsurance market conditions are driving increased interest in alternative capital and structures to meet risk requirements, a symposium at the Baden-Baden industry gathering has heard...
Gallagher says Q3 ‘excellent’, announces new leaders
30 October 2023
Gallagher’s third quarter revenue hit $US2.12 billion as the broker says its Property & Casualty operations in Australia and New Zealand posted organic revenue growth of 13%...
Aon books double-digit rise in Q3 profit
30 October 2023
Aon has posted strong third-quarter earnings, underpinned by its key commercial risk division...
WTW broking revenue rises 12% in Q3
30 October 2023
WTW says its Risk and Broking division posted a 12% rise in revenue to $US855 million for the third quarter from a year earlier and operating income rose 28% to $US134 million...
Munich Re raises full-year earnings outlook
30 October 2023
Munich Re has lifted its 2023 profit guidance to €4.5 billion from €4 billion after preliminary figures indicate the business made a third-quarter net result of €1.2 billion...
‘Another outstanding quarter’: Chubb
30 October 2023
Chubb’s property and casualty underwriting income nearly doubled in the third quarter to $US1.3 billion...
Billion-euro catastrophe losses on the rise: Munich Re
23 October 2023
Insured losses in excess of €1 billion from individual events are increasingly common, adding to the list of pressures facing the insurance industry, Munich Re says...
Marsh McLennan third quarter net income rises to $1.15 billion
23 October 2023
Marsh McLennan recorded higher third quarter earnings, with net income rising to $US730 million from $US546 million a year earlier and consolidated revenue up 13% to $US5.4 billion...
Aon details third quarter natural disaster losses
23 October 2023
Aon’s third-quarter natural catastrophe report puts preliminary Q1-Q3 insured losses at $US88 billion, with US storms contributing to nearly 70% of losses...
US study examines inflation impact on auto claims
23 October 2023
Inflation drove personal and commercial auto liability claim payouts in the US higher by between $US96.1 billion and $US105.2 billion from 2013 to last year, an Insurance Information Institute study has found...