Market
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Lloyd’s ‘comfortable’ with targets despite $2.3bn wildfire losses
Lloyd’s is maintaining its 2025 growth and profitability targets despite market softening and large losses in Q1 from the California…
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Lloyd’s premium up 6.5% despite rates levelling off
Lloyd’s increased its gross written premiums by 6.5% last year to £55.5bn on the back of higher volume as rates…
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France’s CCR reports another technical loss as reserves dwindle
Technical results at France’s state-owned reinsurer CCR closed 2024 in the red for the eighth time in ten years, as…
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Buyer-friendly conditions spread in Europe as market enters new phase
European buyers face increasingly favourable market conditions, with the cost of cyber and financial lines cover still falling and softening…
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Talanx results boosted by HDI Global’s 43% jump in net income
Talanx group’s corporate and specialty lines written by HDI Global saw net income jump by 42.6% in 2024 to €501m…
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US P&C returns to underwriting profit in 2024: Best
The US property and casualty industry swung to a $22.9bn net underwriting gain in 2024 from a $21.3bn loss in…
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Generali posts record results in 2024
Generali has reported record profit for 2024, posting an 8% boost in its operating result to €7.3bn and a 5%…
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Hannover Re 2024 results buoyed by 117% jump in P&C profit
Hannover Re has posted a 28% increase in group net income to €2.33bn for 2024, meeting higher guidance targets published…
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Lloyd’s pegs California wildfire loss at $2.3bn
Lloyd’s pre-tax profits dipped in 2024 on the back of major claims in the second half of last year, which…
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Liberty Mutual reports sharp rise in Q4 profit
Liberty Mutual Holdings, citing “disciplined underwriting and operational execution”, posted fourth-quarter net income of $1.2bn, up 89.4% from $654m in…
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Helvetia’s earnings up 42% in 2024
Swiss insurer Helvetia booked 42% growth in underlying earnings to CHF 529m (€552.7m) in 2024, driven by property and casualty…
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Scor’s net income tumbles 99.5% in 2024 despite Q4 gain
Scor reported a 43% gain in Q4 net income to €233m but the reinsurer’s full-year net income tumbled 99.5% to…
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Rate hikes slowed for most US lines in February: Ivans
Commercial auto coverage was the only major insurance line where rate increases accelerated in February, according to a report from…
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Beazley reports property rate rises slow to 1.3% in 2024
Beazley has posted a second consecutive year of record pre-tax profit, up 13% to $1.42bn for 2024, as rates moderated…
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Australian broker AUB reports half-year revenue growth
Australian broker AUB Group has reported a 12.1% increase in revenue to A$712.6m (€425m) for the first half of fiscal-year…
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Brit delivers ‘strong’ 2024 despite rising market competition
London-based specialty insurer and reinsurer Brit has reported group profit before tax from continuing operations of $661.0m for 2024, compared…
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AGCS books 13% drop in 2024 profit after Arch deal
Allianz Global Corporate & Specialty (AGCS) recorded a 13.4% fall in operating profit to €825m in 2024, after taking a…
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Insured losses from Mayotte cyclone total €474m: France Assureurs
French insurers have estimated losses of €474m from damage caused by tropical cyclone Chido in the French overseas department of…
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Swiss Re Corporate Solutions boosts income by 23% as rates flatten
Swiss Re Corporate Solutions saw its net income jump 26% last year to $829m as all of its key numbers…
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Hiscox reports record profit before tax of $685.4m
Hiscox has reported a record profit before tax of $685.4m, up 9.5% year on year. The insurer’s preliminary full-year results…