All News articles – Page 133
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NewsWillis Towers Watson Q1 revenues up 5%
“Willis Towers Watson had an encouraging start to the year with strong first quarter results,” said John Haley, Willis Towers Watson’s chief executive officer.
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NewsNexus and Allianz Global Corporate & Specialty Sign Four-Year Financial Lines Deal
Allianz Global Corporate & Specialty (AGCS) and Nexus Group announced today a four year multi-product strategic underwriting and claims delegated authority agreement with immediate effect, specifically for small and medium-sized enterprises (SMEs) customers.
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NewsSwiss Re Q1 net income of $333mln P&C Re combined ratio 96.5%
Swiss Re’s Group Chief Financial Officer John Dacey said: “The return to profitability this quarter in our property and casualty businesses underlines the earnings potential of our diversified business model.
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NewsTrade association makes written intervention for Lloyd v Google
Law firm RPC, representing techUK, says its client is ’uniquely placed’ to make a written intervention and highlight the consequences for the wider technology community
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NewsMotor market is ‘substantial opportunity’ for Lemonade post-covid – GlobalData
Lemonade has a “substantial opportunity” to capitalise on the motor insurance market post-pandemic, according to data and analytics firm GlobalData.
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NewsWTW - Global InsurTech investment reaches all-time high of US$2.55 billion in Q1 2021
The number of mega-rounds reached eight, more than any other three-month period, according to the new Quarterly InsurTech Briefing from Willis Towers Watson.
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SCOR Global P&C Q1 GWP up 5.6% combined ratio 97.1%
In Q1 2021, SCOR’s financial results have been impacted by the unique combination of known and modelled Covid-19 claims development and a series of large natural catastrophes, driven by a polar vortex causing Texas Winter Storm Uri.
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NewsReuters: EXCLUSIVE - Aon's $30 bln Willis deal set to win EU approval - sources
Insurance broker Aon is set to gain conditional EU antitrust approval for its $30 billion bid for Willis Towers Watson without having to offer more concessions, people familiar with the matter said.
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NewsUAE and UK set to sign multibillion-pound clean energy and tech investment deals
Britain’s Office for Investments, an agency set up this year to promote and channel investments into the UK, expects to get more clarity on the size and scope of potential deals and how they will be structured by the end of June.
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NewsAon-WTW merger comes down to divestment deals
Smaller brokers may be able to pick up bargains as Aon and WTW look to dispose operations to get merger green light
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NewsMike Bruce: Successful M&A ‘comes down to the quality of the businesses and why you are buying them’
Acquisition strategies need ‘a much more thoughtful model’ than ‘let’s buy everything that moves’ says chief executive
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NewsExtinction Rebellion dumps fake coal at Lloyd’s in fossil fuel protest
The action marks the first protest for coalition Insurance Rebellion, which is targeting Lloyd’s
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NewsLessons from the Super League fiasco
The backlash against the Super League is a “perfect example” of how to destroy trust and reputation in the blink of an eye - BCI
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NewsD&O market is ‘absolutely brutal’ and ‘in a world of pain’ as a result of hard market
Directors’ and officers’ (D&O) insurance is heavily exposed to the current hard market, with industry commentators describing conditions for this line of business as “absolutely brutal” and “in a world of pain” due to “capacity constriction”.
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NewsQIC Group net profit jumps 210% to QR205mn in Q1
Mena region’s leading insurer Qatar Insurance Company (QIC) reported robust results with a net profit of QR205mn for the first quarter of 2021 compared to a loss of QR186mn in Q1, 2020.
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NewsChubb Q1 P&C net premiums up 9.7% combined ratio 91.8%
Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented: “Chubb had another very good quarter with excellent commercial premium revenue growth globally, double-digit renewal rate change in our commercial P&C businesses, and further expansion of our underwriting margins.
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NewsMarsh Q1 Risk & Insurance revenue up 8% Guy Carpenter up 7%
Dan Glaser, President and CEO, said: “Marsh McLennan had an outstanding first quarter. We delivered strong growth in underlying revenue and adjusted earnings, and generated meaningful adjusted operating margin expansion in both Risk & Insurance Services and Consulting. Our total revenue grew 9%, with underlying revenue growth of 6%. Adjusted ...
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NewsTo protect businesses from pandemic risk, governments need to be ‘insurers of last resort’: new Geneva Association report
Coverage for pandemic business continuity risks with meaningful limits will therefore remain unavailable from the private insurance market due to prohibitively high capital requirements.
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People & OpinionAxis Re hires Lisa Hancock
In her new role, she will underwrite Lloyd’s Casualty treaty business, with responsibilities to support existing partnerships as well as assessing growth opportunities.
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NewsEverest Re estimates catastrophe losses of $260m
Bermudian-based Everest said it is estimating pre-tax net catastrophe losses for the first quarter of $213 million in its reinsurance segment, and $47 million in its insurance segment for a total of $260 million.
