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...
China’s Ping An Insurance Reports 48.9% Rise in Q1 Profit April 26, 2023 Ping An Insurance (Group) Co. of China Ltd. saw a 48.9% rise in first-quarter net profit as its investment income...
Marsh McLennan Reports ‘Strong Start’ to Year With Restructuring Program on Track April 25, 2023 By L.S. Howard Marsh McLennan Companies Inc. reports “a strong start” to 2023, generating 9% underlying revenue growth in the first quarter on...
U.S. P/C Industry Records $26.5 Billion Underwriting Loss in 2022 March 23, 2023 The U.S. property/casualty (P/C) industry recorded a $26.5 billion net underwriting loss in 2022, $21.5 billion more than the $5...
Lloyd’s of London Swings to 2022 Pre-Tax Loss on Investments but U/W Profits Up March 23, 2023 Lloyd’s of London swung to a pre-tax loss in 2022 and took writedowns on its fixed-income investments, it said on...