Aon’s Price Tag for Scrapped Deal to Buy Willis Rises to $1.4B August 2, 2021 Insurance broker Aon Plc said on Friday it could have to expend up to $400 million in additional costs tied...
France’s AXA Posts 180% Surge in 1st Half Net Income as XL Unit Swings to Profit August 2, 2021 AXA posted a 180% surge in first-half net income on Monday as the French insurer rebounded from a spike in...
Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges July 30, 2021 By L.S. Howard The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong...
The Hartford Reports Q2 Net Income Up 94%; Boasts ‘Superb’ P/C Results July 29, 2021 The Hartford today announced it earned $900 million in net income in the second quarter of this year, a 94%...
P/C Insurers’ Boost Net Income But Extreme Weather Hurts Underwriting in Q1 July 29, 2021 Private property/casualty insurers in the U.S. saw their net income after taxes increase significantly in the first quarter to $20...
Chubb Is ‘Firing On All Cylinders,’ Says CEO Greenberg After Record Results for Q2 July 28, 2021 Chubb released positive second quarter results, driven by gains in its commercial property/casualty business and related rate hikes in the...
Insurance Industry Heading to Faster Recovery than After 2008 Financial Crisis: Swiss Re July 26, 2021 By Alwyn Scott The global insurance industry is poised to recover more quickly and forcefully from the pandemic than it did after the...
W.R. Berkley Reports Strong Q2, Crediting Rate Adequacy, Improving Economy July 23, 2021 W.R. Berkley Corp. reported net premium growth exceeding 27 percent and a combined ratio under 90 for the 2021 second...
MMC Q2 Revenue Up 20%; Marsh Up 23% July 22, 2021 Global insurance and professional services firm Marsh McLennan (MMC) reported financial results for the second quarter ended June 30, 2021,...
Travelers’ Q2 Profit Boosted by Higher Premiums, Lower Catastrophe Losses July 20, 2021 U.S. property and casualty insurer Travelers Cos .Inc. delivered an unusually large beat of second-quarter profit expectations on Tuesday, helped...