06 August 2018
Insurance losses from the still-burning Carr blaze in northern California have likely hit $US1.5 billion, making for a second consecutive highly destructive wildfire season, Moody’s estimates…
06 August 2018
The Atlantic hurricane season is tipped to be calmer than last year, when Harvey, Irma and Maria brought devastation to coastal regions…
06 August 2018
More insurers are seeking merger and acquisition targets, buoyed by growing economic momentum and the need to achieve scale as competition intensifies…
06 August 2018
Industry supervisors warn data gaps and myopic financial and regulatory risk models make it difficult for insurers to develop scenario analyses for climate change risks long term…
06 August 2018
The US Federal Emergency Management Agency has directly tapped capital market investors for the first time, to lift its flood reinsurance to $US1.96 billion following last year’s damaging hurricane season…
06 August 2018
AIG’s general insurance business suffered a 46% drop in second-quarter adjusted pre-tax net income to $US568 million, due to losses and lower investment income…
06 August 2018
Swiss Re’s first-half performance benefitted from an improved property and casualty result, while accounting rule changes affected overall earnings…
06 August 2018
Allianz recorded €30.9 billion in revenue for the second quarter, up 2.9% on the corresponding period last year…
06 August 2018
Berkshire Hathaway’s insurance business turned around in the second quarter, recording a net underwriting profit of $US943 million after a $US22 million loss in the corresponding period last year…
06 August 2018
XL Group has posted a 5.8% rise in second-quarter net income to $US319 million, after lower natural catastrophe losses and a hardening market lifted earnings…
06 August 2018
French insurance giant Axa has posted first-half net consolidated income of €3 billion, compared with €3.44 billion in the corresponding period last year…
06 August 2018
Willis Towers Watson more than doubled its second-quarter net income to $US82 million, as revenue from its four core segments grew 4% to nearly $US2 billion…
06 August 2018
Canadian insurer Fairfax, the owner of a variety of global insurance investments including Allied World, has reported a slide in second-quarter earnings as investment losses driven by share price fluctuations offset stronger operating income…
06 August 2018
Hiscox says premium gains that helped drive strong first-half earnings are starting to slow, but the group is in good shape and “opportunities are legion”…
06 August 2018
Arch Capital Group recorded a 34.2% increase in net income to $US233.24 million in the second quarter, driven by gains in its insurance and reinsurance businesses…
06 August 2018
Aspen Insurance Holdings has reported a net loss of $US14.7 million for the second quarter, compared with a profit of $US75.8 million in the corresponding period last year…
30 July 2018
Insured losses from natural catastrophes fell 28% to $US21 billion in the first six months of the year, Aon Benfield-owned Impact Forecasting says…
30 July 2018
British motor insurers have voted to mutualise risks associated with terrorism claims…
30 July 2018
John Nelson, who stepped down as Lloyd’s chairman last year, has called for a second Brexit referendum following a “complete failure” of leadership from the political establishment…
30 July 2018
Reinsurers face a rough ride if natural catastrophe losses match or surpass last year’s total, S&P Global Ratings says…