Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Strong Q1 Net Income of $1.1B May 16, 2024 By L.S. Howard Swiss Re announced plans to withdraw from its digital B2B2C insurance business, iptiQ, following a strategic review. The iptiQ business...
AXA’s Q1 Revenues Rise 6%, Led by P/C Business Growth May 3, 2024 By L.S. Howard AXA, Europe’s second-largest insurer, reported a 6% increase in total revenue during the first quarter to €34 billion ($36.4 billion),...
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon April 30, 2024 By L.S. Howard Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion,...
Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute April 19, 2024 By L.S. Howard James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty...
Global Insured Natural Disaster Claims Again Dominated by Severe US Storms: Gallagher April 18, 2024 By L.S. Howard Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with US claims accounting for...
A Turnaround Story: Boost People, Then Financial Results, Aspen CEO Says April 16, 2024 By L.S. Howard Executive Summary: When Mark Cloutier took the helm of Aspen to return the company to profitability, he knew a vital...
The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re April 15, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss” April 12, 2024 By L.S. Howard R&Q Insurance Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program management and legacy insurance business, announced it...
Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses April 11, 2024 By L.S. Howard Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of...
Inflation Contributes to Rising Loss Costs for US Commercial P/C Insurers: Fitch April 9, 2024 By L.S. Howard Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three...