The Hartford Sees Q4 Net Income Rise 11%, Strengthens GL Reserves February 3, 2025 Net income at The Hartford increased 11% to $848 million in the fourth quarter 2024, driven by premium growth in...
Property-Catastrophe Reinsurance Rates Will Stop Dropping Post Wildfires: Execs February 3, 2025 By Susanne Sclafane RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should...
Aon Reports Organic Growth of 6% for 4th Quarter and Full-Year 2024 January 31, 2025 By L.S. Howard Aon reported net income attributable to shareholders of $716 million during the fourth quarter, a 44% increase from the $498...
Marsh McLennan Reports Organic Growth of 7% During Q4 and Full-Year 2024 January 30, 2025 By L.S. Howard Marsh McLennan reported fourth quarter net income of $788 million, compared with $756 billion during Q4 2023. For the full-year...
Allianz Raises Financial Targets for Next Three Years December 10, 2024 By Andrey Sychev and Alexander Hübner Allianz, one of Europe’s biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year,...
Zurich Insurance Group Sets New Targets After Meeting Existing Ones a Year Early November 21, 2024 By Levin Stamm Zurich Insurance Group AG set new targets for profitability and profit growth for the next three years, after a better-than-expected...
Swiss Re Execs Sleeping Well After $2.4 Billion Q3 Reserve Boost November 15, 2024 By Susanne Sclafane While a $2.4 billion boost in loss reserves for the third-quarter will help Swiss Re’s executives sleep better on a...
Zurich’s Exposure to Hurricanes Helene, Milton Below $360M as Catastrophe Losses Rise November 7, 2024 By Carolyn Cohn Zurich Insurance Group said on Thursday that its exposure to Hurricanes Helene and Milton, which recently wreaked havoc in the...
Swiss Re Cuts 2024 Profit Target After Raising US Reserves November 7, 2024 By Noele Illien Swiss Re AG said it was raising reserves in its US Property & Casualty business by $2.4 billion in the...
China’s Ping An Insurance Posts 36.1% Rise in 9-Month Profit October 21, 2024 Ping An Insurance (Group) Co. of China Ltd. reported on Monday a 36.1% rise in net profit in the first...