Update: Australia’s QBE More Than Doubles First-Half Profit, but Misses Estimates August 9, 2024 By Ayushman Ojha and Rishav Chatterjee Australia’s QBE Insurance Group on Friday reported a more than twofold jump in its first-half profit, boosted by higher income...
Hong Kong’s Insurance Boom Lures Job-Seeking Mainlanders August 9, 2024 By Trista Xinyi Luo Hong Kong is seeing an influx of professionals from mainland China’s finance and tech sectors who are disillusioned with their...
Legacy Acquirer DARAG to Sell North America, Bermuda Units to Fairfax’s RiverStone August 8, 2024 DARAG Group, the Malta-based legacy acquisition company, announced it has agreed to sell its North American and Bermuda business entities...
European Insurers Enjoy Big Profits After Premium Hikes August 8, 2024 By Carolyn Cohn, Tom Sims and Yadarisa Shabong Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in...
UK Insurers Pull Back From Offering Cover as Flood Threats Rise August 8, 2024 By Carolyn Cohn Increased flooding in Britain from overflowing rivers and blocked drains is leading insurers to pull back from offering cover, particularly...
UK Insurer Beazley Upgrades 2024 Forecast After H1 Profit Nearly Doubles August 8, 2024 British insurer Beazley upgraded its combined ratio forecast for 2024 on Thursday after first-half pretax profit nearly doubled, boosted by...
Taylor Swift Shows in Vienna Canceled After Terrorism Threat August 8, 2024 By Marton Eder Taylor Swift shows planned for this week in Vienna have been canceled after Austrian police arrested two people on suspicion...
Update: Zurich Insurance Tops Profit Forecast, on Track to Beat 2025 Targets August 8, 2024 By Carolyn Cohn and Eva Orsolya Papp Zurich Insurance posted a record first-half operating profit on Thursday and said it was on track to beat its 2025...
Western Insurers Provide Cover for Russian Oil Despite Price Cap Concerns August 8, 2024 By Jonathan Saul and Gleb Stolyarov A group of Western insurers have provided cover for tankers carrying Russian crude, keeping its oil flowing after many in...
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...