Allianz’ Net Profit Drops 29% in 2nd Quarter Amid COVID-19 Crisis August 5, 2020 German insurer on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier and...
UK Insurer Direct Line’s H1 Profits Beat Forecasts as Auto Claims Drop During Lockdown August 4, 2020 By Muvija M Insurer Direct Line gave a double bonus to shareholders on Tuesday as first-half profits beat expectations due to a slump...
Insurer Hiscox Reserves $232 Million for Coronavirus-Related Claims in First Half August 3, 2020 By Muvija M and Carolyn Cohn Hefty payouts for sports events and holidays canceled due to the coronovirus crisis helped send insurer Hiscox deep into the...
Swiss Re Confirms H1 Loss of $1.1B with Combined Ratio of 115.8% July 31, 2020 Reinsurance company Swiss Re said on Friday the $2.5 billion in claims and reserves related to COVID-19 that it booked...
Chubb CEO Says U.S. Failure to Manage Covid-19 Hurts Economy, Global Image July 31, 2020 By Mark Hollmer Global insurer Chubb’s employees have begun to return to their offices in many countries around the world as governments have...
Generali’s First Half Net Profit Drops 56.7% with COVID Hit July 30, 2020 Generali’s first half net profit dropped by 56.7% to €774 million ($909.8 million), compared with €1.8 billion (US$2.1 billion) reported...
Hanover Insurance Sees Profit Jump, Limited COVID Impact in Q2 July 29, 2020 The Hanover Insurance Group Inc. reported net income of $115.2 million in the second quarter of 2020, compared to $74.0...
Brown & Brown CEO Sees ‘Sporadic’ Economic Recovery Ahead After Own COVID Recovery July 29, 2020 By Andrew G. Simpson Insurance broker Brown & Brown, Inc. reported second quarter revenues of $598.8 million, an increase of $23.6 million, or 4.1%,...
PartnerRe Names Bonneau as President and CEO as Clarke Exits July 28, 2020 Bermuda-based PartnerRe Ltd. announced it has appointed industry veteran Jacques Bonneau as its president and chief executive officer effective immediately....
Workers Compensation Rates Could Start Rising in 2021, Says W.R. Berkley CEO July 28, 2020 By Mark Hollmer For W.R. Berkley Corp. and most other workers’ compensation carriers, rates have declined for some time. That trend could start...