Aon Reports Organic Growth of 6% for 4th Quarter and Full-Year 2024 January 31, 2025 By L.S. Howard Aon reported net income attributable to shareholders of $716 million during the fourth quarter, a 44% increase from the $498...
Marsh McLennan Reports Organic Growth of 7% During Q4 and Full-Year 2024 January 30, 2025 By L.S. Howard Marsh McLennan reported fourth quarter net income of $788 million, compared with $756 billion during Q4 2023. For the full-year...
Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’ January 27, 2025 By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 — reaching a total of $140 billion...
Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers January 27, 2025 By L.S. Howard Reinsurance buyers generally found ample capacity during January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch January 24, 2025 By L.S. Howard The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims? January 16, 2025 By L.S. Howard There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash...
Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz January 15, 2025 By L.S. Howard Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk...
Update: Re/Insurer Losses From LA Wildfires Expected to Be Significant but Manageable January 10, 2025 By L.S. Howard Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses...
Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’ January 9, 2025 By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion...
Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chairman of Climate Solutions January 8, 2025 By L.S. Howard Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions,...