Allstate Records About $640M in August Cat Losses, Half From Maui Wildfire September 21, 2023 Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire....
Hippo Investors Call for Strategic Review by Board, Other Actions September 18, 2023 Members of the board of directors of insurtech Hippo were on the receiving end of an open letter from a...
First-Half P/C Underwriting Loss Just $2B Shy of Loss for All of 2022 September 12, 2023 The total net underwriting loss of $24.5 billion for the U.S. property/casualty industry after the first six months of 2023...
Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says September 7, 2023 By Loukia Gyftopoulou Growing fears about the state of the world are pushing more people to take out insurance even as prices rise,...
Dutch Insurer NN Says Extreme Weather May Make Further Premium Hikes Unavoidable August 30, 2023 By April Roach Dutch insurer NN Group NV may increase premiums further as extreme weather patterns become more prevalent, Chief Executive Officer David...
UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit August 16, 2023 By Carolyn Cohn Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance,...
Liberty Mutual Posts Q2 Loss of $585M Driven By Catastrophes August 10, 2023 By Chad Hemenway Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion....
Allianz Q2 Profit Jumps 7.1% on Higher Results from US Life & Health Insurance August 10, 2023 Allianz SE, the German owner of bond giant Pacific Investment Management Co., said its second-quarter profit jumped from a year...
Hard Market Game Refuses to End: Arch Capital CEO August 1, 2023 By Susanne Sclafane Drawing analogies to an epic tennis match and the hands of a clock, the leader of Bermuda-based Arch Capital declared...
Swiss Re Returns to Q1 Profit, Driven by Adequate Pricing, Higher Investment Results May 4, 2023 By L.S. Howard Swiss Re swung back to a first quarter profit, reporting net income of $643 million, compared with a loss of...