Industry News
Chubb Posts Record P/C Underwriting Income for Q4 and 2024
Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8 percent during the last quarter of 2024. Fourth-quarter net income was down 22 percent to about $2.6 billion ...
Progressive ’24 Net Income More Than Doubles; Combined Ratio Below Target
Progressive reported net income of $8.5 billion for 2024, more than double the $3.9 billion figure reported for 2023, with underwriting profit coming in well below the company's annual target. ...
Executives on the Move at AIG, Chubb, MGT
American International Group said it is organizing into three segments and Jon Hancock will lead two of them.
Hancock will continue to ...
W.R. Berkley Posts Record Year With Q4 Net Income Up 45%
Fourth-quarter 2024 net income at W.R. Berkley Corp. jumped 45 percent compared to a year ago to about $576 million. For the year, the Greenwich, Conn.-based commercial insurer said it booked record ...
How Competitive Is E&S Property? Exec Views Vary
E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of specialty insurers offering commentary were not perfectly in ...
Everest Group Boosts Casualty Loss Reserves $1.7B
Everest Group, Ltd. pre-announced full-year 2024 earnings yesterday, disclosing about a 45 percent drop in net income attributable to a $1.7 billion boost in its casualty insurance reserves. The ...
Insurance Labor Market Study Open Until Feb. 2
The first-quarter 2025 Semi-Annual U.S. Insurance Labor Market Study, conducted by The Jacobson Group and Aon plc, is now open through February 2. The study has provided valuable insights on ...
The Road Ahead: Top Insurance Trends Shaping 2025
As technology rapidly advances, customer expectations skyrocket and economic uncertainty looms, the insurance industry stands at a pivotal crossroads. Compounding these issues, talent shortages ...