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...
European Insurers Enjoy Big Profits After Premium Hikes August 8, 2024 By Carolyn Cohn, Tom Sims and Yadarisa Shabong Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in...
UK Insurer Beazley Upgrades 2024 Forecast After H1 Profit Nearly Doubles August 8, 2024 British insurer Beazley upgraded its combined ratio forecast for 2024 on Thursday after first-half pretax profit nearly doubled, boosted by...
Update: Zurich Insurance Tops Profit Forecast, on Track to Beat 2025 Targets August 8, 2024 By Carolyn Cohn and Eva Orsolya Papp Zurich Insurance posted a record first-half operating profit on Thursday and said it was on track to beat its 2025...
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...