Market
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AIG benefits from “flight to quality”
AIG reported a healthy set of second quarter results with premiums up across the board on a comparable basis based…
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Hartford profit up 35% in second quarter
Hartford Financial Services Group has reported second-quarter net income of $733m, up 35% from the year-earlier period. “These results reflect…
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Mapfre posts 46% profit growth for Q2
Spanish insurer Mapfre has published its results for the second quarter of 2024, during which time its net results grew…
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NFP acquisition boosts Aon’s 18% revenue growth for Q2
Aon has reported an 18% increase in total revenue for the second quarter of 2024 to $3.76bn. Total revenue for…
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WTW reports stable or softening market in key lines
WTW saw its revenue rise 5% in both the second quarter and first six months compared to prior year periods,…
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US rates kept rising in Q2, according to Ivans
US commercial insurance rates rose during the second quarter in all lines except workers compensation, with several areas seeing increases…
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CyberCube pegs global CrowdStrike loss at $1.5bn
Modelling firm CyberCube estimates that insured losses from the CrowdStrike outage will cost the standalone cyber insurance market between $400m…
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Insured losses from CrowdStrike outage could reach $1.8bn at biggest US firms: Parametrix
Parametrix Insurance Services, a provider of technology downtime insurance, believes insured losses among US Fortune 500 companies caused by last…
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Chubb sees another jump in net income and expects casualty market to continue hardening
Chubb reported yet another rise in net income for the second quarter and half year, despite higher cat losses, as…
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CrowdStrike set to be biggest cyber loss since NotPetya with early estimate up to $9bn
Insured losses from the CrowdStrike outage are likely to be the biggest from a single cyber event since NotPetya in…
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Insurers braced for deluge of cyber and BI claims after worldwide IT outage
The IT outage that affected companies around the world last week could lead to an “insurance catastrophe”, according to brokers,…
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Travelers says further rate increases possible
Travelers believes that further rate increases, particularly in casualty lines, are possible, as it reported a rebound in second-quarter profit,…
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Verisk says Hurricane Beryl US losses could reach $3bn
Verisk Analytics estimates that Hurricane Beryl caused between $2bn and $3bn of insured onshore property damage when it struck Texas…
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Insurance market finally flattens after seven years of hardening: Marsh
Primary global insurance rates have flattened during the last three months after rising every quarter since the beginning of 2017,…
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Nat cat insured losses hit $58bn in H1: Aon
Insured losses from global nat cats totalled $58bn in the first half of 2024, according to estimates from Aon, lower…
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Marsh McLennan posts higher revenue and profit
Marsh McLennan reported 6% revenue growth in the second quarter, as its reinsurance brokerage arm saw double-digit increases, and a…
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Flooding in southern Germany to cost insurers €1.57bn: Perils
Insured losses from flooding in southern Germany last month could cost €1.57bn, according to industry cat data specialist Perils. The…
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First-half cat losses fall but remain elevated
Insured losses from natural catastrophes totalled at least $61bn for the first half of 2024, 25% higher than the most…
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Hurricane Beryl US loss estimates now up to $4.5bn
Insured losses from last week’s Hurricane Beryl in Texas and the US will reach between $2.5bn and $4.5bn, according to…
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Swiss Re says end of profitable US workers comp market may be on horizon
Swiss Re believes that the US workers compensation reinsurance market’s long running profitability could be coming to an end due…