ILS issuance sets another record
12 November 2018
A record-breaking $US1.6 billion of insurance-linked securities (ILS) were issued in the third quarter…
International
Zurich holds steady amid North America shake-up
12 November 2018
Gross written premium in Zurich’s property and casualty division grew slightly to $US25.87 billion in the first three quarters, from $US25.35 billion in the corresponding period last year…
Allianz profit jumps on moderate disaster losses
12 November 2018
Allianz net profit grew 23.6% to €1.9 billion in the third quarter due to a benign period for natural catastrophes and strong performance in the asset management business…
Munich Re stays on target
12 November 2018
Munich Re’s third-quarter profit rebounded to €483 million following a loss of €1.44 billion a year earlier, keeping the company on course to meet its full-year target despite recent natural catastrophes…
Hannover Re ‘well on track’ for year
12 November 2018
Hannover Re has reported net income of €725 million for the nine months to September 30, up 32% on the corresponding period last year…
Strong exchange revenue lifts Ebix profit
12 November 2018
The Australian operations of insurance technology specialist Ebix has been singled-out for further growth…
Commercial lines underpin Axa result
12 November 2018
Axa, which completed its acquisition of Bermuda-based XL Group in September, says property and casualty revenue grew 1% to €25.4 billion in the first nine months of the year…
Hiscox flags premium growth slowdown
12 November 2018
Bermuda-based Hiscox says growth may ease this quarter after its gross written premium increased 14.3% to $US3.04 billion in the first nine months…
US market drives Beazley GWP
12 November 2018
An 18% surge in the US market and a jump in property rates grew Beazley’s gross written premium grow 11% to $US1.96 billion in the year to September…
Crawford upbeat despite earnings slip
12 November 2018
Crawford & Company has posted a decline in third-quarter net income to $US7.9 million from $US11.8 million, pushed down by lower earnings…
Regulator probes UK home, motor pricing
05 November 2018
The UK Financial Conduct Authority will more thoroughly examine home and motor insurance pricing practices after a preliminary review…
Liberty cops $9 million fine over phone cover
05 November 2018
Liberty Mutual Insurance Europe has been fined £5.28 million for failures related to mobile phone cover offered through a third party…
Red Cross calls for risk mitigation investment
05 November 2018
Risk mitigation is crucial to managing disasters, especially those induced by climate change, the Red Cross says…
Swiss Re rebounds despite ‘devastating’ catastrophes
05 November 2018
Swiss Re has reported a $US1.1 billion nine-month profit, recovering from a $US468 million loss despite hurricanes, typhoons, a US wildfire and the Genoa bridge collapse…
Japanese cat losses take toll on AIG
05 November 2018
AIG made a third-quarter loss of $US1.3 billion as catastrophes in Japan and North America dented earnings…
WTW comes back from Q3 loss
05 November 2018
Willis Towers Watson’s net income rebounded from a $US35 million loss in the third quarter of last year to $US85 million in this year’s third quarter…
Storms flatten WR Berkley earnings
05 November 2018
WR Berkley’s net income was flat at $US162 million in the third quarter as claims from Hurricane Florence and other catastrophe losses affected earnings…
Liberty cashes in as disasters ease
05 November 2018
Liberty Mutual has reported a $US282 million third-quarter profit, up from a loss of $US665 million in the corresponding period last year thanks to fewer natural catastrophes…
Fairfax profit down as investments suffer
05 November 2018
Canadian insurance-focused investor Fairfax Financial Holdings has reported a drop in third-quarter net income to $US106.2 million from $US476.9 million…
Arch flags Q4 hit from Florida hurricane
05 November 2018
Bermuda-based Arch Capital swung back to profitability in the third quarter, but warns this quarter will be “negatively impacted” by Hurricane Michael-related claims…