Aon reports 7% revenue rise in Q2 2023
Aon has reported its financials for the second quarter ended June 30, 2023. The global broking giant saw a total revenue increase of 7% to $3.2 billion, including organic revenue growth of 6%.
Global risk analytics market to exceed $72bn by 2030
The global risk analytics market was valued at $35.65 billion in 2021 and is expected to grow at a compound annual growth rate of 7.54% between 2023 and 2030, reaching $72.98 billion by the end of the forecast period, according to Verified Market Research, a global research and consulting firm.
Willis Towers Watson launches intangible asset coverage
Global broker WTW has announced the launch of a financial product targeting clients looking to protect their intangible assets.
FED pauses rate hikes after 10 straight increases
The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as it measures what the impacts have been from the previous 10. But this decision came with a projection that another two quarter percentage point moves are on the way before the end of the year.
Generali announces Q1 2023 results
International insurance giant Generali has today announced its Q1 2023 trading results, revealing a 1.3% bump in its gross written premiums (GWP) to €22.2 billion (approx. £19.28 billion). In a results release, Generali credited this increase to robust growth in its P&C segment (up 10.1%).
Global Q1 cat losses hit dozen-year high
Global economic losses for natural disasters hit an estimated US$77 billion (about £61.9 billion) in the first quarter – the highest Q1 total in a dozen years, according to a new report from Gallagher Re.
P&C losses to improve in 2023
New analysis from Fitch Ratings has predicted improved underwriting results for the US property & casualty industry in 2023.
Marsh McLennan reports Q1 2023 results
Marsh McLennan has unveiled financial results for the first quarter of 2023, reporting $5.9 billion in revenue, a 7% increase compared to the same period last year. Revenue increased 9% on an underlying basis.
US inflation reaches lowest point in almost two years
Inflation in the U.S. cooled to the lowest point in almost two years in March as year-over-year price increases reached 5 percent. The last time a reading this low happened was May 2021.
Logistics insurance market to exceed $70bn by 2030
The global logistics insurance market is predicted to hit US$70.46 billion by 2030, expanding at a compound annual growth rate of 2.8% between 2023 and 2030, according to a report by Grand View Research.