Generali Q1 Net Profit Beats Forecasts, Despite Russia Impairments May 19, 2022 By Gianluca Semeraro Assicurazioni Generali beat expectations in the first quarter even as impairments on Russia drove net profit lower, a boost for...
Timeline of Key Events in Collapse of Allianz’s Structured Alpha Funds May 19, 2022 Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud...
UK Insurer Aviva May Be Able to Return More Cash to Shareholders: CEO May 18, 2022 By Carolyn Cohn Aviva may be able to give more cash back to shareholders, its chief executive said on Wednesday, as the British...
Allianz to Pay Over $6B for Structured Alpha Fraud, Former Fund Manager Indicted May 17, 2022 By Tom Sims, Alexander Hübner and Jonathan Stempel Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal...
Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers May 16, 2022 By L.S. Howard Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated...
Zurich Reports Strong Growth in Q1, Driven by Rising Commercial Insurance Rates May 13, 2022 By L.S. Howard Zurich Insurance Group has made a strong start to the year and expects to exceed all its financial targets for...
Allianz Sets Aside Another $2 Billion for Structured Alpha Fund Debacle May 11, 2022 By Tom Sims and Alexander Hübner Germany’s Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the...
Safety Insurance Net Income Plummets as Auto Claims, Inflation Take Toll May 5, 2022 By Andrew G. Simpson Boston-based Safety Insurance Group, Inc. reported first quarter 2022 results showing net income of $7.8 million, compared to $36.2 million...
QBE Reports 22% Surge in Q1 Premiums, Expects Hit From Ukraine War May 4, 2022 Australia’s QBE Insurance Group said on Thursday its first-quarter written premiums grew 22% in constant currency terms, as volatility because...
ESG, Invasion of Ukraine Focus of Marsh McLennan Earnings Call April 22, 2022 By Chad Hemenway Much attention was paid to ESG (environmental, social, and governance) issues and the Russian invasion of Ukraine as Marsh McLennan...