Peak Reinsurance Company has announced its financial results for the full year ending Dec. 31, 2024, recording a net profit after tax of US$187 million. The result marks the second-highest annual profit in the company's 12-year history.
Shawn Ram, head of insurance for Coalition, the active insurance provider, says “We believe cyber is the most pervasive risk in society today.” The task of understanding systemic cyber risk exposures was never going to be a simple one – not least given the rapidly evolving nature of cyber risk.
Ryan Specialty Holdings has announced record financial results for the fourth quarter and full year ended Dec. 31. Its total revenue grew 24.5% while organic revenue increased 11.0%.
The year 2024 has proven to be one of the most devastating years for natural disasters. An analysis from insurance company Munich Re shows that total losses reached $320 billion worldwide, marking it as the fifth costliest year since 1980.
Corporate governance in 2024 faces evolving challenges as risks tied to cybersecurity, environmental issues, and board-level decision-making come into sharper focus, according to Beazley's latest report, "Spotlight on Boardroom Risk 2024".
Hiscox Ltd reported its interim results for the six months ending 30 June 2024, showing growth in insurance contract written premium (ICWP) and an increase in profit before tax.
A high frequency of small to medium events resulted in global insured losses from natural catastrophes totaling $60 billion in the first half of 2024, according to preliminary estimates by the Swiss Re Institute.
According to a report from The Royal Gazette, Palomar Holdings Inc., the parent company of Palomar Specialty Reinsurance Company Bermuda Ltd, has announced robust financial results for the second quarter of 2024. The company reported net income of $25.7 million, marking a significant 46% increase from the $17.6 million reported in the same period last year.
White Mountains Insurance Group, Ltd. has shared its financial results for the second quarter of 2024. The firm’s book value per share was $1,722, while its adjusted book value per share (ABVPS) was $1,777.
Liberty Mutual Insurance (formally Liberty Mutual Holding Company and its subsidiaries, or LMHC collectively) continues to recover from its 2023 losses, announcing another quarter of a major turnaround.
QBE Insurance Group has published its interim financial results, showing a doubling of net profit after income tax in the first six months of 2024.
Beazley Plc has published its interim earnings, announcing a “record” profit in the first half of 2024.
Howden Re, Howden Group’s reinsurance and risk advisory arm, has released a ‘Re-framing cyber risk: navigating threats and embracing opportunities’ report on the landscape of cyber reinsurance.
A new special report titled “P&C Insurers Cut Expenses in the Wake of Deteriorating Personal Lines Results” by AM Best has revealed property & casualty (P&C) insurers in the US have managed to bolster bottom-line financial results despite catastrophe-related and secondary peril losses.
E&S wholesale broker and managing general agency Risk Placement Services (RPS) has announced the launch of three new transportation products for risks with one to 10 power units.
