AIG’s Q1 general insurance combined ratio improves to 91.9%
08 May 2023
AIG’s general insurance first-quarter combined operating ratio improved a point to 91.9% as underwriting income hit $US502 million.
International
WTW first quarter results mark ‘solid start’ to year
08 May 2023
WTW says the company is proving resilient in a complex risk and economic environment, reporting a 4% first-quarter revenue increase and a stronger operating margin.
FM Global launches climate risk tool
08 May 2023
Commercial property mutual insurer FM Global has launched a new tool to help clients identify and understand future climate risks.
P&C insurers’ pricing power to drive underwriting earnings: S&P
01 May 2023
S&P Global Ratings says most property and casualty insurers globally, including in Australia, have enough “pricing power” to achieve underwriting profitability this year...
‘Our Q1 P&C underwriting was simply excellent’: Chubb CEO
01 May 2023
Chubb’s first quarter core operating income rose 12% to $US1.84 billion while the property & casualty combined ratio worsened to 86.3% as Chubb clocked up catastrophe losses of $US458 million...
Risk, reinsurance arms drive up Aon first quarter earnings
01 May 2023
Broker Aon has posted higher earnings for the first quarter, supported by its key Commercial Risk Solutions and Reinsurance Solutions businesses....
Munich Re outperforms in first quarter
01 May 2023
Munich Re says its net profit came to about €1.3 billion in the first quarter, a better-than-expected result that may see it exceed full-year targets...
Swiss Re Chairman resigns
01 May 2023
Swiss Re chairman Sergio P. Ermotti has stepped down from his post after completing his agreed handover period...
BMS expects M&A activity resurgence after slower start to year
24 April 2023
Specialist insurance and reinsurance broker BMS expects the global mergers and acquisitions insurance market to pick up after a relatively slow start to the year...
FCA cracks down on apartment building insurance practices
24 April 2023
The UK Financial Conduct Authority is taking a tougher approach on commissions paid in the multi-occupancy building insurance market and proposes improved rights and protections for leaseholders hit by surging premiums following a review...
Marsh launches Fast Track facility
24 April 2023
Global broker Marsh has announced the launch of Fast Track, an insurance facility aimed at bringing “a substantial amount of additional ‘follow form’ capacity” to its clients across major lines of business...
Global reinsurer property and casualty premiums rise 9%
24 April 2023
Reinsurers last year reported strong growth in property and casualty premiums driven by higher pricing and strong demand but total investment returns were “badly affected” by a decline in asset values...
Marsh revenue grows in first quarter
24 April 2023
Marsh McLennan reported $US5.9 billion in consolidated revenue for the three months ending March 31, up 7% on the corresponding period last year...
Political risk becomes 'everyone's risk': WTW
24 April 2023
A new report from WTW reveals nine in 10 companies have suffered a political risk loss, as it warns of a shift towards “high severity” events and financial consequences due to global threats...
Reinsurers achieve 12% premium growth last year: Gallagher Re
17 April 2023
The global reinsurance sector achieved premium growth of 12.3% last year, according to a Gallagher Re market report...
Insurer innovation still ad hoc, AM Best says
17 April 2023
Innovation in insurance is still an “ad hoc endeavour,” and most insurers continue to score at the lower end despite improvement, AM Best says...
Allianz Trade report projects rise in global insolvencies
17 April 2023
A global report from Allianz Trade expects business insolvencies to increase sharply this year as pressures from worsening GDP growth and slowing economic conditions are expected to be felt...
Below average activity expected for Atlantic hurricane season
17 April 2023
Atlantic hurricane activity is expected to be slightly below average this year, reflecting the likely development of El Nino conditions, the Colorado State University says in its first forecast for the season...
Zurich announces project to tackle supplier emission concerns
17 April 2023
Zurich says it will provide support for suppliers to help decarbonise as part of efforts to “cascade climate action across the supply chain”...
Data analytics expert EXL sees 2023 sales at $2.4 billion
17 April 2023
Nasdaq-listed EXL expects revenue to rise as much as 13% to $US1.6 billion this year after sales jumped by more than a quarter to $US374.7 million in the fourth quarter...