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...
01 May 2023
Broker Aon has posted higher earnings for the first quarter, supported by its key Commercial Risk Solutions and Reinsurance Solutions businesses....
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...
01 May 2023
Swiss Re chairman Sergio P. Ermotti has stepped down from his post after completing his agreed handover period...
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...
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...
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...
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...
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...
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...
17 April 2023
The global reinsurance sector achieved premium growth of 12.3% last year, according to a Gallagher Re market report...
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...
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...
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...
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”...
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...
03 April 2023
Munich Re has pulled out of Net-Zero Insurance Alliance, citing concern over “material antitrust risks” as the reason behind its decision to leave the United Nations-convened emissions reduction bloc...
03 April 2023
A Florida reform package to reduce legal system abuses has been signed into law and could be a “huge step forward” for consumers and businesses, the Insurance Information Institute says...
03 April 2023
Water-related risks are underestimated despite being a fundamental component of adapting to climate change, Axa XL says in a report providing insights into challenges that could pose a risk to business continuity...
03 April 2023
Specialty insurer and reinsurer Canpoius says it has introduced business improvements and is well positioned to take advantage of a continued positive rate environment after reporting an after-tax loss last year due to unrealised investment losses....