Swiss Re Expects Hit of Less Than $700 Million From Los Angeles Wildfires February 27, 2025 By Tom Sims and Paul Arnold Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million...
Lemonade CEO Declares ‘Best Quarter Ever,’ Posts Narrowed Q4 Loss of $30M February 26, 2025 By Chad Hemenway Insurtech Lemonade reported a fourth quarter 2024 net loss of about $30 million and a loss for the year of...
Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires February 26, 2025 By Tom Sims and Alexander Hübner Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said...
Polished Gem GEICO Fuels Berkshire Hathaway Operating Gains February 25, 2025 By Susanne Sclafane The work that GEICO’s chief executive has done to “repolish” Berkshire Hathaway’s “long-held gem” got a special shout-out in Warren...
Buffett’s Berkshire Posts Record Profit on Insurance, Investments February 23, 2025 By Jonathan Stempel Warren Buffett’s Berkshire Hathaway on Saturday said operating profit set a record in the fourth quarter and for the third...
Casualty Reinsurance Still Attractive: Arch Capital CEO February 19, 2025 By Susanne Sclafane While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty...
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes February 12, 2025 By Chad Hemenway American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but...
Q4 2024 Income at CNA Drops on Pension Settlement Loss February 10, 2025 CNA Financial Corp. reported fourth quarter 2024 net income of $21 million, down significantly from $367 million for the same...
Allstate Q4 Income Up 30% Despite High Hurricane-Related Losses February 5, 2025 By Chad Hemenway Allstate Corp. fourth quarter net income applicable to common shareholders increased 30% to about $1.9 billion, and the insurer finished...
WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5% February 4, 2025 By L.S. Howard WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million...