Allianz P&C arm reports higher earnings
09 August 2021
Allianz Group says its property and casualty arm made an operating profit of €1.4 billion in the second quarter to June, up 18.8% from a year earlier...
International
NOAA lifts chance of above-normal hurricane season
09 August 2021
Forecasters have bumped up the chance of an “above normal” Atlantic hurricane season this year to 65%, which suggests the current record run of consecutive above-normal seasons will be extended to six...
Mega ships, COVID among top risks facing maritime industry: AGCS
09 August 2021
Annual shipping losses declined 50% over the last decade to 2020, with 49 vessels reported lost last year, Allianz Global Corporate and Specialty says in a yearly review of the maritime industry...
Axa earnings jump in H1, pricing improves
09 August 2021
Axa underlying earnings doubled to €3.6 billion in the first half, with its property and casualty business boosted by improved pricing, while the result also benefitted from the absence of year-earlier COVID-19 impacts...
Aon, WTW move ahead independently after merger deal dropped
02 August 2021
Aon and Willis Towers Watson have stressed they are well placed to continue growth independently after dropping their proposed $US30 billion merger due to US regulatory opposition...
Aon net profit eases, risk solutions revenues increase
02 August 2021
Aon second-quarter net profit eased slightly to $US379 million from $US398 million a year earlier while an increase in revenues was led by its commercial risk solutions business...
Gallagher delivers 'outstanding' June results: CEO
02 August 2021
Broker Arthur J. Gallagher has reported net income of $US201.8 million for the second quarter to June, up from $US161.8 million in the corresponding period of last year...
Swiss Re says COVID impacts 'diminishing' as earnings recover
02 August 2021
Swiss Re has reported a consolidated group first-half net income of $US1.05 billion ($1.4 billion) as the business makes a strong recovery from the corresponding period of last year, when it lost $US1.14 billion...
Lloyd's publishes climate action plan targeting net zero
02 August 2021
A new report from Lloyd’s sets out how the insurance industry will partner with critical industries to accelerate the transition to a low carbon economy...
'Firing on all cylinders': Chubb has best P&C growth in 15 years
02 August 2021
Australia’s rate achievement was a “standout” as Chubb notched up an “outstanding” second quarter, the insurer’s Chairman and CEO Evan Greenberg says...
Germany's July flood insured losses approach €5 billion: AIR Worldwide
02 August 2021
Insured losses in Germany from flooding last month could approach €5 billion, catastrophe modeller AIR Worldwide estimates...
Former UK civil service head joins Lloyd's
02 August 2021
Lloyd’s has appointed former UK civil service head Mark Sedwill to its council and announced his election to the role of Senior Independent Director and Deputy Chair of Lloyd’s, succeeding Andy Haste...
Natural disaster first-half claims top 10-year average
26 July 2021
Natural catastrophe insurance losses reached an estimated $US42 billion in the first half of the year to rise above the 10-year average while economic losses were lower, Aon’s Impact Forecasting says in a Global Catastrophe Recap...
Germany expects most damaging year since 2002
26 July 2021
Storms, flooding, heavy rain and hail across June and July position this year to be the most damaging for Germany since 2002, when insured storm damage was €10.9 billion in what were, prior to this month, deemed to be the worst floods in Europe this century...
Canadian province declares wildfires emergency
26 July 2021
Canada’s British Columbia province has declared a state of emergency as wildfires threaten properties amid hot and dry conditions, while large blazes are also affecting parts of the western US...
Munich Re puts preliminary June quarter earnings at $1.8 billion
26 July 2021
Munich Re says preliminary figures point to a second quarter net profit of €1.1 billion, taking overall half-year earnings to €1.7 billion...
Lloyd's appoints first female Deputy Chair
26 July 2021
Vicky Carter has been appointed Deputy Chair of Lloyd’s Council, effective in September...
Huge losses expected from catastrophic European floods
19 July 2021
First estimates of damage from deadly rain and floods in Germany are expected to be available later this week and may put insured losses near $15 billion, industry association GDV says...
UK coronavirus BI payments climb to $1 billion
19 July 2021
UK business interruption settlements for claims triggered by the COVID-19 pandemic have climbed to £566.6 million, the Financial Conduct Authority says.
UK motor premiums set to rise as pricing measures kick in
19 July 2021
Motor premiums in the UK fell 8.4% in the last 12 months, pushed down by an uptick in competitive telematics offerings and push for market share, according to data analytics firm Consumer Intelligence...