12 February 2024
Broker Aon’s key businesses performed strongly in the fourth quarter but group net income fell due to higher expenses, including a $US197 million ($303 million) charge “in connection with certain accrued actual or anticipated legal settlement expenses”...
12 February 2024
Talanx, the parent company of HDI Global, says net income last year jumped to a record €1.58 billion ($2.61 billion) as all divisions reported earnings growth...
05 February 2024
January reinsurance renewals were completed relatively smoothly compared with a year earlier when a market reset drove higher pricing and tougher terms, but “underwriting rigour” has continued...
05 February 2024
Marsh McLennan President and CEO John Doyle says the company remains on the lookout for acquisitions following deals last year that included buying Australia and New Zealand broker Honan Insurance Group...
05 February 2024
Insured losses from the earthquake that shook Japan’s Noto Peninsula on New Year’s Day could reach ¥435- ¥870 billion, catastrophe risk modeller Moody’s RMS estimates...
05 February 2024
Broker Gallagher posted higher earnings in the fourth quarter, lifted by premium rises at renewals...
05 February 2024
Chubb CEO Evan Greenberg says strong fourth-quarter earnings contributed to a “blowout year – the best in our company’s history” and underwriting conditions overall are favourable...
05 February 2024
Insured losses in Canada topped $C3.1 billion last year, making it the country’s fourth costliest year, according to Perils subsidy Catastrophe Indices and Quantification...
05 February 2024
The Risk and Insurance Management Society has announced David Arick as its 2024 President, alongside new appointments to its board...
18 December 2023
Significant premium increases have failed to arrest a slide in US personal auto underwriting results, AM Best said in a market segment report...
18 December 2023
Munich Re is aiming to achieve a full-year net profit of €5 billion in 2024, the reinsurer has announced, citing ongoing “favourable” market conditions. The business has a €4.5 billion guidance for this year and will release its results on February 27...
18 December 2023
Losses from extratropical windstorm Ciaran, also known as Emir, are estimated at €1.889 billion, catastrophe insurance data firm Perils says in its first assessment of the event...
18 December 2023
Swiss Re has acquired UK-based flood risk specialist Fathom, adding additional expertise and a “robust set of products” to complement its existing data and modelling...
11 December 2023
Insured losses from severe thunderstorms have reached a record $US60 billion this year, Swiss Re Institute estimates...
11 December 2023
Renewable energy underwriter GCube Insurance says the solar industry is plagued by limited and costly insurance coverage, inadequate hail-risk models and ineffective mitigation strategies which are making projects vulnerable...
11 December 2023
AM Best has maintained its negative outlook on US personal lines for next year due to the ongoing deterioration in results for personal auto and homeowners business, and with inflationary pressures driving rising loss costs...
11 December 2023
The 10th anniversary of Dive In, the insurance industry’s diversity and inclusion festival, is to be held from September 24-26 next year...
04 December 2023
Lloyd’s is planning for gross written premium to increase 11% next year to £60 billion, Chief of Markets Patrick Tiernan says in a fourth quarter message...
04 December 2023
The Atlantic hurricane season has ended after “above-average” storm activity, the Insurance Information Institute says...
04 December 2023
Reinsurers are unlikely to loosen their terms and conditions or lower attachment points “any time soon”, AM Best Senior Director Carlos Wong-Fupuy says in an outlook for the sector...