Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020 February 19, 2021 The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses...
Swiss Re Reports Larger-Than-Expected Annual Loss of US$878 Million February 19, 2021 Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to...
Allianz’ 2020 Operating Profit Drops 9.3% in First Decline Since 2011 February 19, 2021 FRANKFURT – German insurer Allianz posted its first fall in annual operating profit in nearly a decade on Friday on...
AIG Sees ‘Continued Progress’ Despite P/C Underwriting Loss of $171 Million in Q4 February 17, 2021 American International Group’s property/casualty business booked a $171 million underwriting loss in the 2020 fourth quarter, barely a year after...
Finnish Insurer Sampo Books Q4 Loss on Banking Group Stake February 12, 2021 By Tarmo Virki Finnish financial group Sampo on Thursday reported a fourth-quarter loss as the company booked a 899 million euro ($1.09 billion)...
Zurich 2020 Profit Drop of 8% Reflects Pandemic, Catastrophe Claims February 12, 2021 By Brenna Hughes Neghaiwi Zurich Insurance’s new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and higher...
Rate Hikes Boost CNA in Q4 February 9, 2021 CNA Financial Corp. benefited significantly from rate hikes and premium growth in Q4, reporting more than $387 million in net...
P/C Insurers’ Net Income for 9 Months Fell 27% on Effects of Catastrophes February 9, 2021 In the first nine months of 2020, net income for the U.S. property/casualty insurance industry dropped 27.5% to $35.1 billion...
It Could Have Been Worse. An Update on COVID-19 Impact on Workers’ Compensation. February 9, 2021 By Andrew G. Simpson While it obviously presented challenges, 2020 is looking like it may not have been such a bad year for workers’...
The Hartford Q4 Profit Dips Slightly on COVID Life Insurance Claims February 5, 2021 Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims. Fourth quarter 2020...