WTW cheers ‘solid’ 2025 start as profit rises
28 April 2025
Broker WTW says it has made a “solid” start to the year after earnings rose in the first quarter...
International
Chubb CEO raises US trade policy concerns
28 April 2025
Chubb’s first quarter net income fell 37.9% to $US1.3 billion ($2 billion) as the California wildfires raised catastrophe losses, while the company CEO has criticised “uncertainty and confusion” created by the US government’s approach to trade...
Marsh McLennan Q1 revenue passes $11 billion
28 April 2025
First-quarter revenue at Marsh McLennan rose 9% to $US7.1 billion ($11.1 billion)...
Aon upbeat on momentum despite Q1 profit slump
28 April 2025
Broker Aon’s key commercial risk solutions business performed well in the first quarter, with revenue up 11% to $US2.002 billion ($3.13 billion) from a year earlier...
Reinsurers tipped to ride out Trump tariff volatility
14 April 2025
Global reinsurers are well placed to manage financial market volatility triggered by US tariff announcements and reciprocal actions, S&P Global Ratings says...
Political violence a growing BI peril, Allianz says
14 April 2025
Allianz has warned businesses to “move fast to protect your people and property” as political violence, strikes, riots and civil commotion rise around the world...
Poor cyber penetration ‘indicates industry failure’
14 April 2025
Low uptake of cyber cover suggests insurers must do more to show businesses the product is essential, Gallagher Re says...
Swiss Re takes ILS management role
14 April 2025
Global asset management company GAM has appointed Swiss Re as co-investment manager for its insurance-linked securities fund range...
April reinsurance renewals ‘bode well’ for mid-year
07 April 2025
Reinsurance renewals for April have shown a continuation of January trends and point to favourable conditions for the mid-year period, Aon says...
LA fires drive up home premiums as US rates climb further
07 April 2025
US commercial and personal lines rates increased in the first quarter, according to analyst MarketScout...
Howden appoints corporate affairs chief
07 April 2025
Brigitte Trafford has joined Howden as group chief corporate affairs officer – a newly created role...
ABI names new chair
07 April 2025
Kay Swinburne is the new independent chair of the Association of British Insurers...
Myanmar quake causes far-reaching damage
31 March 2025
Damage assessments are continuing after a 7.7-magnitude earthquake in Myanmar on Friday destroyed local buildings and caused a high-rise tower under construction in Bangkok to collapse...
Japanese giant merges key businesses
31 March 2025
Japan’s MS&AD will merge its Mitsui Sumitomo and Aioi Nissay Dowa insurance businesses to create a company with the biggest share of the country’s non-life market...
LA wildfires spotlight protection gap: Howden Re
31 March 2025
Howden Re says there is heightened pressure to address the natural catastrophe protection gap as risks and economic losses increase...
Mitsui Sumitomo to buy WR Berkley stake
31 March 2025
US-based WR Berkley says Mitsui Sumitomo Insurance plans to acquire a 15% stake in the company...
Lloyd’s expects rate adequacy focus, further GWP gains
24 March 2025
Rate adequacy will be a dominant theme this year but talk of “inevitable cycle turns” is simplistic, Lloyd’s chief of markets Patrick Tiernan told an annual results briefing
HDI parent beats targets as earnings jump
24 March 2025
Talanx Group, which includes Hannover Re and HDI Global, has reported a 25% rise in full-year net income to €1.977 billion ($3.4 billion) as all divisions contributed to growth...
Markel names division CEO in company shake-up
24 March 2025
Markel Group has appointed Simon Wilson as CEO of its specialty, international and global reinsurance businesses, amid broader efforts to sharpen its customer focus...
Directors on alert over data, cyber threats
24 March 2025
A survey of directors and officers has identified data loss, regulatory breaches and cyberattacks as the top risks facing the insurance and finance sectors...