News Center
News Archives - Insurance Journal
Insurtech Root Finishes 2024 With First Yearly Profit
Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter of 2024, and finished with the first profitable year in the company’s history. The Columbus, Ohio-based parent company of Root …
POSTED FEBRUARY 27, 2025 1:29 PM |
People Moves: Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe; BMS Re Appoints Hughes and Bartell From Howden Re for Non-Marine Reinsurance
This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows here. Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe Beazley, the London-based specialty insurer, announced the appointment of …
POSTED FEBRUARY 27, 2025 12:33 PM |
Swiss Re Corporate Solutions Unveils New Structure, Promotes McGrath as CUO
Swiss Re’s commercial insurance arm, Swiss Re Corporate Solutions, has unveiled a new organizational structure, aiming to serve corporates and brokers more closely at the country level with the introduction of market units. In addition, it announced that Katie McGrath, …
POSTED FEBRUARY 27, 2025 11:41 AM |
AXA CEO Says Prevention Needed to Keep Home Insurance Affordable
A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed to climate change is to mitigate the impact of natural disasters. Prevention needs to become “a mandatory part” of insurance …
POSTED FEBRUARY 27, 2025 10:27 AM |
UK’s Aviva Beats Profit Estimates on Double-Digit Growth in General Insurance Premiums
British insurer Aviva beat annual profit expectations on double-digit growth in its general insurance premiums in 2024, and said its planned 3.7 billion pound ($4.69 billion) acquisition of smaller rival Direct Line was on track. The company, which offers car, …
POSTED FEBRUARY 27, 2025 10:13 AM |
AXA Earnings Beat Estimates as it Avoids Worst of Los Angeles Fire Claims
French insurer AXA reported better-than-expected full-year earnings on Thursday, boosted by increased premiums from individual insurance policies, fewer claims and increased margins for its natural catastrophe coverage. Europe’s third-biggest insurer by market capitalization said it expected its results this year …
POSTED FEBRUARY 27, 2025 9:50 AM |
Swiss Re Expects Hit of Less Than $700 Million From Los Angeles Wildfires
Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million and would impact its first quarter results, the latest European reinsurer to disclose a hit from the January blaze. The …
POSTED FEBRUARY 27, 2025 9:20 AM |
Viewpoint: Attracting and Retaining Gen Z to Quell the Insurance Talent Crunch
The last three years have exposed a growing challenge for insurance carriers: attracting, hiring and retaining young talent. Despite the passing of the so-called “Great Resignation,” the insurance industry continues to face significant workforce challenges. The Bureau of Labor Statistics …
POSTED FEBRUARY 27, 2025 6:36 AM |
AerCap CEO Sees No Quick Return to Russia if Market Reopens, on Insurance Concerns
The head of the world’s largest aircraft leasing company, AerCap, said on Wednesday that Russia may look to buy used aircraft or engines if and when its markets reopen but that he saw no rush by Western lessors to resume …
POSTED FEBRUARY 27, 2025 6:30 AM |
Oklahoma Supreme Court: Insurer Must Provide Direct Renewal Notice to Named Insured
After a fire broke out at an Oklahoma motel in June 2020, the property owner submitted a loss claim to its surplus lines insurer – only to find the insurer denied the claim on the assertion that a commercial lines …
POSTED FEBRUARY 27, 2025 6:16 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Streamless Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|