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US fires and storms drive second highest Q1 loss: Aon

Mon, 28 Apr 2025 03:48:39 GMT

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’

Mon, 28 Apr 2025 03:47:49 GMT

Unmodelled extreme weather risks are a “defining challenge” for renewable energy markets, according to sector underwriter GCube Insurance...

Swiss Re names new CRO

Mon, 28 Apr 2025 03:47:37 GMT

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

Mon, 28 Apr 2025 02:54:00 GMT

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

Mon, 28 Apr 2025 01:53:41 GMT

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

Mon, 28 Apr 2025 01:46:44 GMT

First-quarter revenue at Marsh McLennan rose 9% to $US7.1 billion ($11.1 billion)...

Aon upbeat on momentum despite Q1 profit slump

Mon, 28 Apr 2025 01:44:53 GMT

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

Mon, 14 Apr 2025 04:32:07 GMT

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

Mon, 14 Apr 2025 04:31:54 GMT

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’

Mon, 14 Apr 2025 04:31:39 GMT

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

Mon, 14 Apr 2025 04:31:04 GMT

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

Mon, 07 Apr 2025 04:29:18 GMT

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

Mon, 07 Apr 2025 04:28:48 GMT

US commercial and personal lines rates increased in the first quarter, according to analyst MarketScout...

Howden appoints corporate affairs chief

Mon, 07 Apr 2025 04:28:32 GMT

Brigitte Trafford has joined Howden as group chief corporate affairs officer – a newly created role...

ABI names new chair

Mon, 07 Apr 2025 04:28:21 GMT

Kay Swinburne is the new independent chair of the Association of British Insurers...

Myanmar quake causes far-reaching damage

Mon, 31 Mar 2025 03:21:08 GMT

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

Mon, 31 Mar 2025 02:54:31 GMT

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

Mon, 31 Mar 2025 02:54:16 GMT

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

Mon, 31 Mar 2025 02:53:52 GMT

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

Mon, 24 Mar 2025 02:27:16 GMT

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