Crawford & Company Q3 revenue up 2%
14 November 2022
Revenue at Crawford & Company rose 2% to $US294.9 million in the third quarter, though the business posted a net loss of $US15.1 million...
International
Lloyd's predictor sees England achieving World Cup glory
14 November 2022
Lloyd’s has tipped England to win this year’s men’s football World Cup with research conducted alongside the Centre for Economics and Business Research deeming the Three Lions to be the world’s most insurable team...
Actuaries project worst underwriting losses since 2011
07 November 2022
A new report from actuaries at the US-based Insurance Information Institute and Milliman says property and casualty underwriting profitability will have its worst year since 2011, as significant disaster events and global economic uncertainty compound a hard insurance market...
Zurich's flood alliance wants urgent action on climate-related losses
07 November 2022
The Zurich Flood Resilience Alliance is calling for increased finance for severe weather adaptation at COP27, which is underway in Egypt, to ensure vulnerable people don’t “suffer due to the climate crisis”...
Gallagher Q3 earnings rise on rate surge
07 November 2022
Gallagher posted improved results for the third quarter, supported by rate increases across most lines of business including in the Australian market...
Aon 'strongly positioned' to meet guidance
07 November 2022
Aon says it is on track to meet guidance of mid-single digit or greater underlying revenue growth this year after third quarter revenue came in flat at $US2.7 billion...
Fitch expects growing ESG influence on underwriting, investment
07 November 2022
Insurers will pay greater focus to issues relating to sustainability, social impact and governance as part of their underwriting and investment screening processes, Fitch Ratings says in a report...
All agree climate change is top risk: Axa global survey
31 October 2022
Climate change has again topped the list of emerging risks in a global survey by Axa, and for the first time was the number one concern for experts in all regions of the world and the US general public...
Floods, Ukraine push Swiss Re into the red
31 October 2022
Swiss Re has posted a third-quarter loss of $US442 million, hurt by floods in Australia and other large natural catastrophe claims...
'Another excellent quarter': Marsh McLennan Q3 sales up 8%
31 October 2022
Marsh McLennan has reported a third-quarter 8% jump in underlying revenue to $US4.77 billion...
Berkley pleased with Q3 underwriting result despite net income dip
31 October 2022
US insurer WR Berkley has reported lower third quarter earnings, as higher catastrophe losses partially dented its results...
Chubb profit drops; Hurricane Ian drives catastrophe losses
31 October 2022
Chubb net income dropped 56% to $US812 million in the third quarter mainly due to “mark-to-market” impacts, but the insurer reported a strong underwriting result despite Hurricane Ian catastrophe losses of $US975 million...
UK court rules Government support reduces BI payments
24 October 2022
The UK High Court has found in a high-profile case involving the Stonegate pubs group that Government support payments during the pandemic can be taken into account to reduce business interruption insurance payouts...
MS Amlin fined $17.3 million over risk management failures
24 October 2022
The UK’s Prudential Regulation Authority has fined MS Amlin Underwriting £9.695 million over governance and risk management failures...
Munich Re acts on oil and gas underwriting, investment
24 October 2022
Munich Re has announced new measures to reduce its involvement with the oil and gas sector, an area that is increasingly being targeted by climate activists in their campaigns to pressure financial services providers into quitting fossil fuel businesses...
Swiss Re expects $2 billion hit from Hurricane Ian
24 October 2022
Swiss Re expects to report a third quarter net loss of around $US500 million as a result of preliminary Hurricane Ian claim estimates of about $US1.3 billion...
Reinsurers face earnings pressure despite strong first-half: Aon report
24 October 2022
Property and casualty reinsurers globally powered to a 22% rise in first-half underwriting profit to $US7.4 billion, according to an Aon report...
Munich Re 'rigorously' pricing for inflation, keeps 2022 earnings guidance
24 October 2022
Munich Re has warned of challenging times ahead as the business seeks to overcome inflation pressures, climate change fuelled-extreme weather events and other threats...
Aon predicts insured losses to exceed $US100 billion milestone again
24 October 2022
Aon’s latest catastrophe report predicts that worldwide insured losses will surpass $US100 billion for the third year in a row...
Insurers to play key role in climate adaptation: Zurich
17 October 2022
The insurance industry has a “defining role” to play in climate adaptation, by protecting against future climate-related risk and quantifying the impact, Zurich says, adding that past weather statistics are "no longer valid”..