Swiss Re names Asia reinsurance CEO, P&C arm returns to black
28 February 2022
Swiss Re says its Property and Casualty Reinsurance business improved markedly last year despite huge natural catastrophe losses of $US2.1 billion...
International
Munich Re earnings surpass target, premium written rises to record level
28 February 2022
Munich Re says the business performed ahead of expectations last year, underpinned in part by an 8.5% rise in gross premiums written to a record €59.57 billion from 2020...
Axa P&C earnings rise on commercial lines strength
28 February 2022
Axa says its property and casualty business achieved better financial results last year, supported partly by favourable commercial lines pricing momentum...
Eunice marks Europe's costliest windstorm in 15 years
28 February 2022
Insured losses from windstorms Eunice and Dudley which struck Europe in quick succession over three days earlier this month will likely come in at €3-4.5 billion, RMS estimates, pushed as much as 15% above modelled results by a sharp increase in the cost of construction last year...
Australia P&C arm lifts Allianz earnings
21 February 2022
Allianz says its Australia property and casualty business more than doubled its operating profit last year to €307 million from €128 million in 2020...
AIG returns to profitability on strong general insurance results
21 February 2022
AIG says its general insurance arm performed strongly in the fourth quarter, lifting overall net income for the three months to December and last year to $US3.74 billion and $US9.36 billion...
Storm Eunice losses could top $500 million
21 February 2022
Insurance losses from Storm Eunice could be around £200-300 million, PwC UK has estimated after the wild weather tore across the country late last week...
Businesses warned against cyber complacency
21 February 2022
Freight transport insurer TT Club has urged businesses to take cyber threats more seriously after a report it co-produced with digital security firm Kaspersky revealed startling findings...
Solar projects threatened by costs, supply chains
21 February 2022
More than half of this year’s expected utility-scale solar projects could face delays or cancellations due to the rising cost of raw materials and supply chain constraints, risk management society RIMS says...
Axa, HSBC complete $741 million Singapore deal
14 February 2022
HSBC has completed its purchase of Singapore-based Axa Insurance Pte Ltd for $US529 million...
UK insurance professionals outline 2022 challenges
14 February 2022
Three out of 10 insurance professionals say gaining the right skills and knowledge to best serve customers is the biggest challenge they face in the year ahead, according to a survey by the UK’s Chartered Insurance Institute...
Zurich upbeat after delivering strongest earnings in years
14 February 2022
Zurich Insurance Group achieved its best earnings results in more than a decade, supported by its property and casualty business...
WTW says 'best is yet to come' after $12.6 billion revenue
14 February 2022
WTW posted a 4% rise in revenue to $US9 billion last year, and says the results don’t reflect the potential of the business and the “best is yet to come”...
Average UK motor policy cost drops 7%
14 February 2022
The average price paid by UK motorists for their motor insurance fell 7% to the lowest level in six years in 2021, according to the Association of British Insurers, though there are signs sustained cost pressures on insurers are starting to lift the cost of cover...
Extreme weather drives up natural catastrophe losses
07 February 2022
October’s hail storm in eastern Australian states and other major catastrophes globally led to $US116 billion in insured losses last year, the third highest since 2011, according to estimates from reinsurance broker Gallagher Re...
UK insurance 'failing' high-rise tower residents
07 February 2022
The UK Government has asked the Financial Conduct Authority to investigate the causes of surging premium increases faced by residents living in high and medium-rise blocks of flats...
'Incredible performance': Aon confident after $17 billion revenue
07 February 2022
Aon says it has confidence strong momentum will continue this year after its revenue jumped 10% to $US12.2 billion last year, including double-digit growth in Commercial Risk Solutions and Health Solutions...
Chubb turns in record earnings
07 February 2022
Chubb achieved record earnings in the fourth quarter, underpinned by strong commercial premium growth...
Talanx result tops milestone despite high claims
07 February 2022
Talanx Group annual earnings have topped €1 billion for the first time and ahead of forecast despite historically high net claims expenses, the insurer says...
Natural catastrophes cost insurers up to $185 billion
31 January 2022
The insurance industry absorbed losses of $US105-130 billion from natural disasters last year, according to calculations made by Aon, Swiss Re and Munich Re...