Natural Catastrophe Claims Cost Insurers More Than Coronavirus in First Half: Fitch August 26, 2020 COVID-19-related claims were not the biggest driver of the North American property/casualty insurance industry’s overall combined ratio during the first...
Lemonade Cites Progress Despite Loss in Its First Public Earnings Report August 21, 2020 By Mark Hollmer Lemonade, an insurtech selling home, renters and now pet insurance, lost money in its 2020 second quarter, according to its...
S&P Says Underwriting in Lloyd’s Market Continues to Improve August 21, 2020 The Lloyd’s market looks unlikely to turn an underwriting profit in 2020 given the pandemic and hurricane season. However, there...
UK Auto Insurer Admiral Reinstates Special Dividend as Claims Drop During Lockdown August 12, 2020 Insurer Admiral reinstated its special dividend on Wednesday as it reported a jump in first-half earnings, the latest car insurer...
Berkshire Insurance Units Hold Their Own While Pandemic Slams Other Buffett Firms August 10, 2020 Berkshire Hathaway Inc. had a tough second quarter with the pandemic taking a toll on most of its operating businesses...
Progressive Q2 Profit Up on Fewer Accidents; CEO Says ‘Black Lives Matter,’ Vows Action August 10, 2020 By Andrew G. Simpson “Black Lives Matter to me and they matter to us as an organization,” Progressive Corp. CEO Tricia Griffith wrote in...
CNA Reports Q2 Profit Despite COVID-19, Weather, Civil Unrest Losses August 6, 2020 By Mark Hollmer CNA Financial Corp. saw its 2020 second quarter net income sliced almost by half compared to the previous year due...
Munich Re’s Q2 Net Profit Slumps 42% on COVID-Related Losses August 6, 2020 German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million)...
Insurer AXA, With H1 Net Income Down 40%, Warns of Future COVID-19 Shocks August 6, 2020 By Benjamin Robertson AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related...
Liberty Mutual Reports Q2 Loss on COVID-19 Event Cancellations, Storms, Downturn August 6, 2020 Liberty Mutual Holding Co. reported a net loss of $320 million for the second quarter versus net income of $397...