Trade tension, war among top political risks: Marsh
17 March 2025
Marsh has flagged growing concern over short-term supply chain failings as global trade faces threats of disruption and protectionism...
International
North Sea ship collision losses could reach $474 million
17 March 2025
Total insured losses from a collision between a cargo ship and a fuel tanker in the North Sea could reach $US100-$US300 million ($158-$474 million), according to Morningstar DBRS...
M&A deal numbers slump to 16-year low
17 March 2025
Insurance merger and acquisition deals fell to a 16-year low last year, with just 204 transactions compared with 346 in 2023, according to Clyde & Co...
Canopius confident amid ‘challenging’ environment
17 March 2025
Canopius’ profit after tax increased 10% to $US401.3 million ($634.1 million) last year, driven by strong premium growth...
Zurich rebrands cross-border business
17 March 2025
Zurich has renamed its international programs business as it marks 50 years of insuring commercial customers operating across borders...
D&O price cuts tipped to ease after falling ‘too far, too quick’
10 March 2025
A slide in directors’ and officers’ renewal prices dating back two years is likely to moderate as insurers face headwinds, AM Best says...
Lloyd’s paper highlights solar storm risk scenarios
10 March 2025
A major solar storm could inflict massive global economic losses by damaging critical infrastructure such as energy grids and satellite networks, and disrupting financial systems, according to Lloyd’s...
Crawford & Company sets revenue record
10 March 2025
Revenue at Crawford & Company rose 2% to a record $1.29 billion ($1.62 billion) last year...
Trump tariffs weigh on insurer ratings: AM Best
10 March 2025
US tariffs on leading trade partners are expected to create more uncertainty for insurers, increase insured losses and weigh on ratings, according to AM Best...
Liberty sells Thai, Vietnamese businesses
03 March 2025
Liberty Mutual Insurance is selling operations in Thailand and Vietnam to Chubb as it focuses on other markets in the Asia-Pacific region...
Swiss Re ‘on right track’ as revenue grows
03 March 2025
Swiss Re’s revenue climbed to $US45.6 billion ($73.4 billion) last year from $US43.9 billion ($70.6 billion) in 2023...
Allianz breaks annual profit record
03 March 2025
Allianz’s operating profit jumped 9% last year to a record €16 billion ($26.8 billion)...
Munich Re beats target, expects LA fires to cost $2 billion
03 March 2025
Munich Re achieved a net profit of €5.67 billion ($9.4 billion) last year, exceeding its €5 billion ($8.3 billion) forecast and its 2023 result of €4.6 billion ($7.6 billion)...
Swiss Re makes senior changes as CRO flags retirement
03 March 2025
Swiss Re is searching for a group chief risk officer to replace long-serving Patrick Raaflaub, who is retiring...
Greco sets ‘most ambitious targets yet’
24 February 2025
Zurich is targeting more than 9% annual growth in core earnings per share between this year and 2027, plus cash inflows of more than $US19 billion ($29.9 billion)...
British motor claims reach new heights
24 February 2025
UK insurers paid a record £11.7 billion ($23.27 billion) in car insurance claims last year as increasing thefts and repair costs continued to dent the industry, according to the Association of British Insurers...
Motor business boosts Berkshire Hathaway earnings
24 February 2025
Berkshire Hathaway’s underwriting earnings rose 66% to $US9.02 billion ($14.18 billion) last year, led by the Geico motor business, where a turnaround gathered strength...
Zurich flags $314 million hit from LA fires
24 February 2025
Zurich estimates the impact on its business of record wildfires in California will be $US200 million ($313.82 million)...
‘Shocking’ LA fires show need for market reform: Howden Re
17 February 2025
Regulatory reform and improved risk management are needed to create a stable and sustainable private insurance market in California after the LA wildfires, according to Howden Re...
California calls for $1.6 billion FAIR Plan support
17 February 2025
Californian insurers have been asked to provide an additional $US1 billion ($1.6 billion) to the state FAIR Plan to ensure it can continue paying claims from the Los Angeles wildfires...