Underwriting
Allianz Saw Unexpected Profit Rise; Insurer Still Cautious About Outlook
German insurer Allianz on Friday declined to provide a forecast for 2020 given uncertainty around the COVID-19 pandemic, despite delivering an unexpected 6% rise in third-quarter net profit. Allianz, ...
AIG Q3 Net Income Experiences Large Drop; Catastrophe Losses Soar
American International Group saw its 2020 third quarter net income plunge by more than half compared to a year ago, a result that was shaped partly by higher natural catastrophe losses. Net income ...
Analysis: U.S. Businesses Face Climate Liability With Exit from Paris Agreement
The outcome of the U.S. general election is not yet clear. What's been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one ...
Allstate Q3 Net Income Jumps Nearly 27 Percent
The Allstate Corp. reported a nearly 27 percent increase in its third quarter net income, primarily due to higher auto insurance underwriting income and net realized capital gains. Allstate's third ...
For RSA, Pandemic Exclusions Are Limiting Lockdown Impact
England's second national lockdown is unlikely to have much impact on insurer RSA as many policies now have pandemic-related exclusions, its CEO said on Thursday as it reported a rise in underwriting ...
Q3 Global Commercial Insurance Pricing Rockets 20 Percent Higher: Marsh
Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh ...
Lloyd’s Abandons Plan for Proprietary Electronic Exchanges in Favor of Outside Vendors
Lloyd's of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial ...
Bayer Risks Resumption of U.S. Roundup Suits After Failing to Settle Cases
Bayer AG failed to settle outstanding U.S. Roundup lawsuits by Monday, the deadline set by a judge who has said he'll resume federal trials over claims the weedkiller caused consumers' cancer. Ahead ...