08 May 2023
Swiss Re says its property and casualty (P&C) reinsurance arm secured rate increases of 19% at the April renewals as the business continues to start the year strongly with a return to profitability in the first quarter.
08 May 2023
Perils has released its second loss estimate for the Turkey and Syria earthquakes, which the region in February, at TRY 86.4 billion ($6.55 billion).
08 May 2023
Gallagher’s first-quarter revenue hit $US2.8 billion ($4.12 billion) as the broker says its Property & Casualty operations in Australia and New Zealand posted organic revenue growth of 10%.
08 May 2023
Aon has named Andy Marcell CEO of Risk Capital (Commercial Risk and Reinsurance) and Lambros Lambrou CEO of Human Capital in organisational changes aimed at better assisting clients.
08 May 2023
Aon has announced the launch of a new climate risk advisory team to help inform clients’ decision-making on climate-related financial risks.
08 May 2023
AIG’s general insurance first-quarter combined operating ratio improved a point to 91.9% as underwriting income hit $US502 million.
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.
08 May 2023
Commercial property mutual insurer FM Global has launched a new tool to help clients identify and understand future climate risks.
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...
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...