Zurich P&C earnings surge as rate gains neutralise cat losses
16 August 2021
Zurich’s property and casualty arm has recorded vastly improved first-half earnings, as significant rate gains helped offset elevated losses from extreme weather events...
International
German, Chinese insurers endure costliest ever disasters
16 August 2021
July marked the costliest European flooding event on record and the deadliest in nearly thirty years, while China’s insurance industry joined Germany in having its highest natural disaster payout on record, Aon’s latest Global Catastrophe Recap report says...
Munich Re on course to achieve earnings target as June profit surges
16 August 2021
Munich Re says its full-year net profit target of €2.8 billion remains within sight after the business doubled its second quarter earnings to €1.1 billion from the corresponding period of last year...
AIG has 'outstanding' quarter, cyber rates jump 40%
16 August 2021
AIG reported overall strong general insurance underwriting results and improved top line earnings in the second quarter, helped by significantly lower catastrophe losses...
Berkshire insurance earnings hit by pandemic fallout
16 August 2021
Berkshire Hathaway reported insurance underwriting net earnings fell by more than half in the second quarter, dragged down by pandemic provisions and other virus-related fallouts...
Talanx lifts full-year outlook despite floods destruction
16 August 2021
German insurer Talanx has raised its full-year outlook following a strong first half, despite expecting a significant impact from a “trail of destruction” caused by flooding last month in Western Europe...
UK Govt partners with Lloyd's on live events cover
09 August 2021
The UK Government has partnered with the Lloyd’s market on an insurance scheme to provide pandemic-related cancellation cover for live events...
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...
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...