Zurich
-
All three carriers also announced increased dividends.
-
-
At the group level, Zurich reported its highest-ever return on equity.
-
The carrier has also hired Craig Bedford as specie underwriting manager.
-
The insurer says Greensill's claim "arises out of a fraudulent scheme”.
-
Gaughan took over the leadership of SiriusPoint’s energy underwriting operation last year.
-
The Global Risks Report 2024, made in partnership with Marsh and Zurich, shows that extreme weather events, misinformation and disinformation are top risk severity concerns.
-
The carrier has made numerous energy and power appointments in recent months.
-
George Quinn has worked at Zurich for a decade and will oversee the completion of Zurich’s 2023 annual results.
-
In the US, growth was driven by property and motor lines, while Brazil and Mexico contributed most to the Latin America region’s growth.
-
The (re)insurer has proposed the acquisition of a 51% stake in Kotak Mahindra General Insurance Company for $488mn.
-
The top five insurers on the continent maintained their ‘clear dominance’ in terms of scale.
-
Dirk De Nil will step into the role following the retirement of Hanno Mijer, who has been CEO of Zurich Resilience Solutions since its inception in 2021.
-
Plus the latest people moves and all the top news of the week.
-
The commercial insurance CEO said carriers must communicate on the reasons for ongoing rate increases as the market bifurcates.
-
The carrier's combined ratio in P&C operations rose by 1.3 percentage points over the period, to 92.9%.
-
The Association of British Insurers has also appointed Clare Bousfield, CEO of retail and savings at M&G, as deputy president.
-
Analysts claimed the relative lack of transparency will allow carriers to earn higher margins for longer.
-
Growth was mainly driven by rate increases, with North America accounting for 50% of P&C expansion.
-
The trade body is in crisis following a string of misconduct allegations, including alleged rape.
-
Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.
-
Aviva has said it is committed to the Net-Zero Insurance Alliance, in the wake of withdrawals from the group by Zurich, Munich Re and Hannover Re.
-
Hannover Re has followed Zurich and Munich Re in announcing its departure from the Net Zero Insurance Alliance, though it offered no explanation for its decision.
-
The loss hits a market grappling with social and economic inflation, plus increased reinsurance costs.
Most Recent
-
Axis Syndicate 1686 reports 2023 combined ratio of 87.5%
28 March 2024 -
Inigo posts $138.8mn profit for 2023
28 March 2024 -
Atrium 609 posts 97% CoR as Ukraine costs escalate
28 March 2024