10 February 2025
Marsh McLennan says subsidies for insurance are “the wrong conversation” after the record wildfires in southern California, and the focus should be on rebuilding communities so they are more resilient...
10 February 2025
Chubb has estimated its first-quarter costs from last month’s Los Angeles wildfires at $US1.5 billion ($2.4 billion) before tax...
10 February 2025
Aon’s revenue rose 17% last year to $US15.7 billion ($24.98 billion)...
10 February 2025
Marsh McLennan’s revenue jumped 8% to $US24.5 billion ($39.06 billion) last year, as operating income rose 10% to $US5.8 billion ($9.25 billion)...
10 February 2025
Howden says it broke through the £3 billion ($6 billion) revenue level last year, supported by growth in the broking, reinsurance and Dual agency divisions...
03 February 2025
Wildfires that swept through parts of Los Angeles last month, causing estimated insured losses of up to $US35 billion ($56 billion), have been fully contained...
03 February 2025
Lloyd’s has promoted Alexandra Cliff to CFO, effective from May...
03 February 2025
California wildfires and a “rough start” to the year will put a focus on mid-year reinsurance renewals, AM Best says...
03 February 2025
Nearly one-quarter of respondents to a World Economic Forum survey consider state-based armed conflict the biggest immediate risk...
03 February 2025
Lloyd’s says its London Bridge investment vehicle had deployed $US1.92 billion ($3.07 billion) of capital at the end of last year and secured commitments of $US2.55 billion ($4.08 billion) from institutional investors...
03 February 2025
Aon’s annual climate and natural catastrophe report shows more than 60% of global losses last year were uninsured, with insurers footing a $US145 billion ($237.76 billion) bill...
16 December 2024
Global reinsurers Munich Re and Swiss Re have set stronger profit targets for next year amid an outlook for supportive market conditions...
16 December 2024
Alternative risk transfer solutions such as catastrophe bonds are key to bridging the growing cyber protection gap, the Geneva Association says...
16 December 2024
The impacts of the next pandemic may be made worse by covid trends such as anti-vax sentiment, according to a paper from Lloyd’s and the Cambridge Centre for Risk Studies...
16 December 2024
Aon and the European Bank for Reconstruction and Development have outlined a new €110 million ($180.5 million) facility to provide reinsurance capacity for war-related risks in Ukraine...
09 December 2024
US hurricanes and European floods have driven global insured losses from natural catastrophes above $US100 billion ($156.42 billion) for the fifth year in a row, Swiss Re says...
09 December 2024
Zurich has completed its $US600 million ($932.28 million) acquisition of AIG’s global personal travel business, which will operate under the Cover-More brand...
09 December 2024
US property and casualty insurers made a combined net underwriting profit of $US4.1 billion ($6.4 billion) in the first nine months of this year, AM Best says...
09 December 2024
General insurers’ profitability is expected to remain stable or improve next year supported by investment returns and as businesses pursue growth and leverage technology, according to an International Association of Insurance Supervisors report...
09 December 2024
Executives face exposure from insolvencies, geopolitical upheaval, artificial intelligence and legal changes next year, according to the Allianz Commercial directors’ and officers’ report...