US fire disaster dents Liberty profit
12 May 2025
Liberty Mutual Insurance’s net income fell 33% to $US1.03 billion ($1.61 billion) in the first quarter, driven by the record fires in California in January...
International
FM sets credit program at $1.5 billion
12 May 2025
Commercial property insurer FM will give $US1 billion ($1.55 billion) of credit to eligible mutual policyholders renewing over the next year from June 30...
‘The time has arrived’: 94-year-old Buffett to step down
05 May 2025
Berkshire Hathaway chairman and CEO Warren Buffett plans to retire from the top executive role at the end of the year...
Industry told to brace for surge in nat cat losses
05 May 2025
Swiss Re has warned of a “steep upward trajectory” in insured losses from natural catastrophes as exposure values rise due to urbanisation, inflation and climate change...
Institute urges hurricane readiness as above-average season looms
05 May 2025
Above-average Atlantic hurricane activity is forecast this year, and the US Insurance Information Institute is calling on property owners to prepare for the season...
Gang leaders jailed over $660k cash-for-crash fraud
05 May 2025
Leading members of an organised crime gang who defrauded British insurers by making false motor claims have been jailed...
Connected threats cause decision paralysis: Aon
05 May 2025
Four interlinked “megatrends” are driving complexity, volatility and uncertainty for businesses and society, Aon warns...
US fires and storms drive second highest Q1 loss: Aon
28 April 2025
Global insured losses from natural disasters were the second highest on record for the first quarter, according to Aon, with an estimated $US53 billion ($83.04 billion) paid out by insurers...
Extreme weather knowledge gap ‘threatens energy transition’
28 April 2025
Unmodelled extreme weather risks are a “defining challenge” for renewable energy markets, according to sector underwriter GCube Insurance...
Swiss Re names new CRO
28 April 2025
Bernhard Kaufmann has been appointed group chief risk officer at Swiss Re, replacing the retiring Patrick Raaflaub from October...
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...
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...