Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses August 8, 2024 By L.S. Howard Global insured losses from natural catastrophes totaled US$60 billion during the first half of 2024, or 62% above the 10-year...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re August 5, 2024 By L.S. Howard Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025,...
Legacy Acquisition Specialist Enstar to Be Acquired by Sixth Street for $5.1B July 29, 2024 By L.S. Howard Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar...
Aon Reports 6% Drop in Q2 Net Income, Organic Revenues Grow 6% July 26, 2024 By L.S. Howard Aon reported net income attributable to shareholders of $524 million during the second quarter, a 6% decrease from $560 million...
WTW Reports 48% Hike in Q2 Net Income With Organic Growth of 6% July 25, 2024 By L.S. Howard WTW reported second quarter net Income of $142 million, an increase of 48% compared to net income of $96 million...
US Severe Storms Continue to Drive Global Natural Disaster Losses: Gallagher Re July 22, 2024 By L.S. Howard US severe convective storms (SCS) continued to drive global natural catastrophe losses during the first half of 2024. Of the...
Marsh McLennan Reports 8.7% Increase in Q2 Net Income July 18, 2024 By L.S. Howard Insurance broker Marsh McLennan reported second quarter net income of $1.125 billion, an 8.7% increase from $1.035 billion reported during...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re July 18, 2024 By L.S. Howard Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025,...
Fleming Files Lawsuit Against James River, Alleging Fraud During JRG Re Acquisition July 17, 2024 By L.S. Howard Fleming Intermediate Holdings filed a lawsuit against James River Group Holdings Ltd., alleging it had been defrauded during its $300...
AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey July 15, 2024 By L.S. Howard A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes,...