P/C Insurers Boosted Underwriting Net Income 28% in First Half of Year: AM Best August 23, 2021 The U.S. property/casualty industry grew its net underwriting income by 28% in the first six months of 2021 compared with...
Digital Auto Insurer Root Will Add Independent Agents to Its Distribution August 20, 2021 By Mark Hollmer Digital auto insurer Root saw its loss ratio spike in the 2021 second quarter as higher costs for repairs, used...
Agencies Ride Commercial Prices, Reopened Economy to Record Organic Growth August 17, 2021 Buoyed by the hard market and rebounding economy, Independent insurance agents and brokers grew overall by 7.1% in the second...
Zurich Insurance Reports Strong Surge in Earnings as COVID-19 Impact Eases August 12, 2021 Zurich Insurance Group’s on Thursday joined other big European insurers in reporting a strong rebound in earnings as the impact...
Aviva to Return at Least $5.6 Billion to Investors Following Non-Core Asset Sales August 12, 2021 By Benjamin Robertson Aviva Plc plans to return at least 4 billion pounds ($5.6 billion) to investors using proceeds from the recent sale...
Munich Re’s Q2 Profit Rises 91%, While COVID-19 Losses Outpace Expectations August 10, 2021 German reinsurance group Munich Re said on Tuesday it would meet its 2021 profit goal as it raised its forecast...
GEICO Put a Dent in Berkshire Hathaway Results for Q2 August 9, 2021 By Mark Hollmer Berkshire Hathaway’s insurance division produced a mixed performance during the 2021 second quarter. Rate increases generally carried the day, though...
Rate Hikes, Investments Help AIG Get Back to Profit in Q2 August 6, 2021 American International Group generated a modest profit in the second quarter, citing gains from higher net investment income, far fewer...
Allianz Posts 46% Jump in Q2 Profit, with Rosy Outlook Expected August 6, 2021 FRANKFURT – German insurer Allianz on Friday posted a better-than-expected 46% jump in second-quarter net profit and provided a rosier...
Generali’s Operating Profit Increases 10.4% During First Half August 3, 2021 By Gianluca Semeraro Generali on Tuesday said it was on track to meet full-year targets after Italy’s top insurer reported a good performance...