AIG’s Repositioning Affects Q2 Earnings; Underlying Underwriting Income Up 2% August 1, 2024 By Chad Hemenway The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly...
Reinsurer SCOR’s Recovery Clouded by First Quarterly Loss Since 2022 July 30, 2024 By Alexandre Rajbhandari SCOR SE Chief Executive Officer Thierry Leger said he’s taking over control of the company’s life and health unit after...
Aon Reports 6% Drop in Q2 Net Income, Organic Revenues Grow 6% July 26, 2024 By L.S. Howard Aon reported net income attributable to shareholders of $524 million during the second quarter, a 6% decrease from $560 million...
WTW Reports 48% Hike in Q2 Net Income With Organic Growth of 6% July 25, 2024 By L.S. Howard WTW reported second quarter net Income of $142 million, an increase of 48% compared to net income of $96 million...
WR Berkley CEO: Losses From Tech Outage Expected to Be ‘Manageable’ July 24, 2024 By Chad Hemenway W.R. Berkley CEO W. Robert Berkley, Jr. said the company does not see last week’s global network systems outage “being...
Chubb Q2 Net Income Up 24% to $2.2B July 24, 2024 By Chad Hemenway Chubb said second quarter net income was up more than 24% to about $2.2 billion despite higher catastrophe losses than...
Travelers Reverses Q2 Income Loss, Narrows Underwriting Loss July 19, 2024 The Travelers Companies, Inc. reported second quarter net income of $534 million, compared to a loss of $14 million during...
Marsh McLennan Reports 8.7% Increase in Q2 Net Income July 18, 2024 By L.S. Howard Insurance broker Marsh McLennan reported second quarter net income of $1.125 billion, an 8.7% increase from $1.035 billion reported during...
Progressive Q2 Net Income Skyrockets Over 320% July 16, 2024 By Chad Hemenway Progressive Corp. today reported second quarter 2024 results of about $1.5 billion and a combined ratio of 91.9. Results for...
Tokio Marine Forecasts ¥1 Trillion 2024 Profit; ‘Drastic’ Growth Ahead May 28, 2024 By Susanne Sclafane In Japanese yen, the profit figure that Tokio Marine Holdings projects for 2024 is ¥1 trillion. While the forecast may...