Insurance giant Allianz has published its latest set of earnings results – and, while some key numbers are lower compared to 2021, group boss Oliver Bäte sees the profitable second quarter as a sign of “robust” financial performance.
Aon plc (Aon) has maintained strong growth momentum in 2022, as it reported an increase in profits in the second quarter. The global brokerage and risk management firm posted earnings of $501 million, a 32% spike from $379 million in the same period last year.
Specialist insurer Beazley has announced the launch of CryptoGuard, a new directors and officers liability product specifically designed for crypto markets. The product is the first of its kind in the London and US markets, Beazley said.
A group of US property and casualty reinsurers under the Reinsurance Association of America (RAA) had a total of $22.7 billion in net written premium in Q1 2022 – up 26.8% from this time last year.
The cyber insurance landscape has always had to evolve at the rapid pace of technological advancements – but the COVID-19 pandemic has created even more challenges for cyber insurers. Nadia Hoyte, national practice advisor for executive and professional risk solutions at USI Insurance, recently chatted with IB TV about the effect of the pandemic on the cyber insurance space.
Private equity firms, corporations and strategic investors increasingly sought out transactional risk insurance last year to reduce deal risk, according to a new report by Marsh.
Full-service E&S technology platform Pathpoint has announced the release of a new restaurant offering that allows agents to access comprehensive non-admitted coverage for restaurant owners.
While Asian companies have less exposure to Russia and Ukraine than their European peers do, rising oil prices will impact both businesses and consumers as a consequence of the invasion, reported Nikkei Asia.
The China Banking and Insurance Regulatory Commission (CBIRC) has warned the public and the financial sector to avoid using the metaverse as an avenue for fraud, illegal fundraising and other illicit activities.
There is a positive correlation between insurance companies’ credit ratings and their cybersecurity, according to a new report from Fitch Ratings.
