US Property/Catastrophe Reinsurance Rates Likely to Stabilize During Midyear Renewals March 14, 2025 By L.S. Howard Reinsurance renewal rates continued dropping during this year’s January renewals, but US property/catastrophe reinsurance pricing is likely to stabilize during...
North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits March 13, 2025 By L.S. Howard The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea...
Preventing Workplace Violence Not One-Size-Fits-All Exercise: Risk Management Experts March 10, 2025 By L.S. Howard Businesses are now required to implement robust workplace violence prevention plans in California under a new law that became effective...
Casualty Reinsurance Capacity Is Plentiful but Availability Crisis Could Be Looming February 28, 2025 By L.S. Howard Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season – despite concerns about adverse...
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh February 24, 2025 By L.S. Howard Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024—marking the...
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh February 5, 2025 By L.S. Howard Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 –...
WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5% February 4, 2025 By L.S. Howard WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million...
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...