The presence of various key players in the ecosystem has led to competitive and diverse market...
Australia: Net profits of general insurers could have been higher but for Nat CAT and investment losses
For the year ended 31 March 2022, the general insurance industry in Australia reported a net profit after tax of A$1.3bn ($920m) and a return on net assets of 4.3%...
For the year ended 31 March 2022, the general insurance industry in Australia reported a net profit after tax of A$1.3bn ($920m) and a return on net assets of 4.3%...
Article / 1 month ago
Industry sinks to $428 million loss as floods take a toll - Insurance News
The general insurance industry slumped to a $428 million net loss in the first three months of the year, as the February/March floods drove up gross incurred claims...
The general insurance industry slumped to a $428 million net loss in the first three months of the year, as the February/March floods drove up gross incurred claims...
insurancenews.com.au /
Article / 1 month ago
Tower profit hit by large insurance claim events - NZ Herald
Volcanic eruption in Tonga and storms in New Zealand pushed up its claims...
Volcanic eruption in Tonga and storms in New Zealand pushed up its claims...
nzherald.co.nz /
Article / 1 month ago
Catastrophe losses drop sharply YOY in Q1 for many big US insurers
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Liberty Mutual reported the largest amount of losses during the quarter at $656 million, though that was down from $1 billion in the first quarter of 2021. Allstate was next with losses of $475 million, compared to $833 million a year earlier.
Article / 1 month ago
Commercial insurance prices up 11% in Q1 - IB
Global commercial insurance prices rose 11% in the first quarter, according to Marsh’s Global Insurance Market Index...
Global commercial insurance prices rose 11% in the first quarter, according to Marsh’s Global Insurance Market Index...
insurancebusinessmag.com /
Article / 2 months ago
Q1 insurance earnings preview: Unlike Tiger, showing up might not be good enough.
We’ve been taught to find participation trophies distasteful, but we’ll make the case that just being there is worth a celebration in some circumstances...
We’ve been taught to find participation trophies distasteful, but we’ll make the case that just being there is worth a celebration in some circumstances...
Article / 3 months ago
Hannover Re benefits from significant retrocession relief in 2021
German reinsurer Hannover Re booked gross losses from natural and man-made losses of approximately €2.65 billion in 2021, but its...
German reinsurer Hannover Re booked gross losses from natural and man-made losses of approximately €2.65 billion in 2021, but its...
Article / 4 months ago
Swiss, Munich and Scor: Cat budgets hiked and portfolios reworked
Earnings reports from Swiss Re, Munich Re and Scor have revealed increased cat budgets and highlighted continued shifts away from frequency coverage...
Earnings reports from Swiss Re, Munich Re and Scor have revealed increased cat budgets and highlighted continued shifts away from frequency coverage...
Article / 4 months ago
TransRe slashes cat book at 1/1 as returns insufficient: Alleghany CEO Brandon
TransRe, the reinsurance underwriting brand of the Alleghany Corporation, slashed its catastrophe exposures at the January 2022 renewals...
TransRe, the reinsurance underwriting brand of the Alleghany Corporation, slashed its catastrophe exposures at the January 2022 renewals...
Article / 4 months ago
P&C insurers seeing catastrophe loss respite in Q4'21
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
Claims may be manageable for underwriters during the period, but Jefferies analyst Philip Kett cautioned of possible loss creep...
Article / 5 months ago
