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...
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...
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%...
30 October 2023
Aon has posted strong third-quarter earnings, underpinned by its key commercial risk division...
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...
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...
30 October 2023
Chubb’s property and casualty underwriting income nearly doubled in the third quarter to $US1.3 billion...
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...
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...
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...
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...
16 October 2023
Cyber remains a difficult risk to model and price, forcing reinsurers to manage their exposures through appetite, pricing, tighter wordings and exclusions, according to a Gallagher Re report...
16 October 2023
AIG has appointed David McElroy to the newly created role of Chairman General Insurance and has announced leaders for its North America and International operations...
16 October 2023
Lloyd’s has launched a tool that models the economic impact of extreme weather events that lead to food and water shocks...
16 October 2023
Commercial rates in the US market stood at +3.72% in the third quarter compared with +5% in the preceding three-month period, MarketScout says...
09 October 2023
Summer wildfires in Canada’s British Columbia have become the costliest event in the province’s history and one of the country’s top 10 natural disasters for insurance payouts...
09 October 2023
Barriers to US homeowners improving resiliency include the expense and a lack of knowledge around where to start, the American Property and Casualty Insurance Association says...
09 October 2023
Profitability at US commercial vehicle insurers has deteriorated this year in a sign that headwinds for the troubled segment are strengthening, AM Best says...
09 October 2023
The Lloyd’s Market Association has published two updated sanctions suspension clauses to assist underwriters in meeting regulatory requirements, building on previous work to provide clarity as a result of trade restrictions affecting Iran...
02 October 2023
Recession risk has become the most serious investment consideration for insurers, while inflation dynamics have been the biggest economic surprise this year, a global survey by BlackRock says...