Lloyd’s Expects ‘Major Claim’ From Russia-Ukraine War, Reports ‘Strong’ Profit in 2021 March 24, 2022 Lloyd’s, the world’s leading insurance and reinsurance marketplace, announced “a strong return to profitability” in its 2021 full year financial...
Ping An Insurance Profit Falls 29% March 18, 2022 By Engen Tham, Zoey Zhang and Selena Li Ping An Insurance Group Co of China Ltd., the country’s largest insurer, on Friday reported its biggest annual profit fall...
Generali Reports Record Operating Profit in 2021, as Board Battle Looms March 15, 2022 Italy’s top insurer Generali, facing a power struggle over its management, said on Tuesday it posted record operating profit last...
Inside Allianz’s $4B Structured Alpha Fund Blowup: Red Flags and Fat Fees March 14, 2022 By Neil Weinberg, Alex Wittenberg and Will Louch It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go...
AXA Doubles 2021 Net Income to €7.29 Billion February 24, 2022 AXA reported a profit on Thursday that more than doubled from last year, with the French insurer recovering from pandemic-related...
Munich Re Forecasts 14% Jump in 2022 Profit as It Reports Bounceback From Pandemic February 23, 2022 German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback...
Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds February 22, 2022 By Tom Sims Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive...
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds February 18, 2022 By Tom Sims and Alexander Hübner German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to...
AIG Returns to Profit on Improved P/C Insurance Underwriting, Lower Catastrophes February 17, 2022 Global insurer American International Group (AIG) reported strong fourth quarter and year-end results led by the performance of its General...
Investment Gains Float Weight of $5.6B Underwriting Loss for U.S. P/C Insurers in Nine Months 2021 February 15, 2022 An increase in capital gains on investments is largely credited with lifting the after-tax net income of private U.S. property/casualty...