Chaucer, a global specialty (re)insurance group, has released a report into cartel insurance, revealing a rise in the demand for coverage across Latin America following a rise in the number of high-profile incidents in the region.
Lloyd’s - the world’s leading marketplace for insurance and reinsurance which was recently recognised among the top 40 global reinsurers – today posted its results for H1 2023, which was described by CEO John Neal as a “very strong” six months.
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 broker WTW has announced the launch of a financial product targeting clients looking to protect their intangible assets.
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 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.
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.
Property & casualty insurers in the US had a particularly challenging year in 2022, according to a report from Verisk and the American Property Casualty Insurance Association (APCIA), as the industry saw a net underwriting loss of $26.9 billion. This marks the largest underwriting loss experienced by the industry since 2011 and is six times higher than the $3.8 billion loss reported in 2021.
AM Best has announced that it has maintained its stable outlook for the US commercial lines segment. The rating agency noted the sector’s strong underwriting performance during the COVID-19 pandemic and amid the current economic volatility.
US commercial insurance prices rose again during the third quarter, according to new data from global broker WTW.