16 August 2021
Arthur J. Gallagher will buy Willis Towers Watson treaty reinsurance broking operations for $US3.25 billion, reviving an acquisition initially flagged before the collapse of Aon’s proposed takeover of WTW...
16 August 2021
Insured losses from natural catastrophes were the highest on record for January-June with the sole exception of first-half 2011, when devastating earthquakes struck New Zealand’s Canterbury region and Japan, Swiss Re estimates...
16 August 2021
Climate change has disrupted the US natural hazard and fire insurance market, GlobalData says, with premiums no longer covering sums paid out...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...