Market
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Strong premium growth for Hiscox, driven by London Market business
Specialist insurer Hiscox has reported 6.8% growth in group insurance contract written premiums (ICWP) to $3,759.4m in constant currency for the…
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Munich Re raises profit guidance on lower Q3 nat cat losses
Munich Re has raised its profit guidance for full-year 2023 after a better-than-expected third quarter result on the back of…
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US insurance rate hikes accelerate in most lines
US insurance premium renewal rates climbed in October in five out of six lines of coverage tracked by Ivans Insurance…
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Property drives Beazley’s nine-month growth
Lloyd’s insurer Beazley has reported strong growth in property premiums in the first nine months, offsetting slower growth in cyber…
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Berkshire Hathaway insurance units bounce back to Q3 profit
Berkshire Hathaway’s insurance and reinsurance operations returned to profit for Q3, turning around an underwriting loss of $1bn in Q3…
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Swiss Re Corporate Solutions posts another strong result
Swiss Re Corporate Solutions posted another strong result for the first nine months of this year with a net profit…
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AXA’s 9M growth driven by 9% increase in commercial lines premiums
AXA reported a 2% increase in gross written premiums for the first nine months of this year to €78.8bn, driven…
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Fairfax more than doubles net earnings in third quarter
Fairfax Financial Holdings has reported net earnings of $1.07bn in the third quarter of 2023 compared to net earnings of…
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AIG sees price increases continue outside of financial lines
AIG said insurance prices continued to increase in many lines in the third quarter, particularly in its wholesale operations, but…
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Fresh reinsurance capital failing to boost competition in Spain
New reinsurance capital is failing to boost competition in the commercial ad corporate insurance market as it is not resulting…
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Cyber market softening sparks concern among brokers over risk controls
Brokers are warning that cyber insurance softening is threatening to undermine recent improvements in cyber risk management, which could leave…
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CNA’s profits double after rebound in Q3
CNA Financial’s nine-month net income almost doubled to $838m from $443m, after delivering third-quarter net income of $258m, compared with…
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Mapfre unveils new structure and international unit
Mapfre has unveiled a new structure, which includes integrating its international operations, and announced multiple executive changes as it seeks…
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Aon sets out restructuring programme and 7% increase in core numbers
Aon’s revenue increased 7% in the first nine months of this year to $10bn, with net income also rising 7%…
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Hartford reports big rise in Q3 profit as market hardens further
Hartford Financial Services posted third-quarter net income of $645m, nearly double the profit in the same period last year, which…
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Gallagher announces changes at the top amid strong results
Arthur J. Gallagher saw its nine-month revenue and earnings increase by around a fifth in the first nine months of…
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P&I clubs expected to lower renewal rate increase to 5.2%: S&P
Shipowners are likely to see average renewal rates for P&I cover increase by 5.2% for 2024 renewals, down from a…
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Amrae says capacity has stabilised in France but buyers still face tough renewal
Things are improving for French commercial insurance buyers but pressure from the reinsurance side of the business will continue to…
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Mapfre Global Risks sees profit and premium rise
Mapfre Global Risks has seen its premiums rise 11.3% over the first nine months of this year to €1.5bn and…
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WTW posts higher revenue and mulls return to reinsurance
WTW has posted higher third-quarter and nine-month revenue, as its executives said that a move back into the reinsurance broking…