Marsh McLennan Reports 6% Increase in Q3 Revenue October 17, 2024 By L.S. Howard Insurance broker Marsh McLennan reported a 6% increase in third quarter consolidated revenue to $5.7 billion, while revenue increased 5%...
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal September 6, 2024 By L.S. Howard Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim...
Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio September 5, 2024 By L.S. Howard The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from...
US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021 August 29, 2024 The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for...
Ping An Profit Rises Nearly 7% as Market Recovery Bolsters Returns August 23, 2024 By Bloomberg News Ping An Insurance (Group) Co. said profit rose nearly 7% in the first half, after a stock-market recovery helped bolster...
Swiss Re First-Half Profit Beats Estimates on Lower Catastrophe Claims August 22, 2024 By Myriam Balezou Swiss Re AG’s first-half net income beat estimates, as the re-insurer avoided higher claims from natural catastrophes that have impacted...
UK Insurer Aviva Beats Earnings Forecasts on Home, Motor Insurance Price Hikes August 14, 2024 By Carolyn Cohn British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said...
Generali Profit Falls as Europe Flooding Hurts Non-Life Results August 12, 2024 By Sonia Sirletti Assicurazioni Generali SpA’s second-quarter profit fell 24% from a year earlier, as claims from storms and flooding in Europe weighed...
Update: Australia’s QBE More Than Doubles First-Half Profit, but Misses Estimates August 9, 2024 By Ayushman Ojha and Rishav Chatterjee Australia’s QBE Insurance Group on Friday reported a more than twofold jump in its first-half profit, boosted by higher income...
Liberty Mutual’s ‘Deliberate Actions’ Keep It on Path to Profit August 8, 2024 Liberty Mutual Holding Co. continued to put 2023’s losses behind it and carefully manage growth in 2024, reporting consolidated net...