Underwriting & Pricing
Swiss Re Reports Better-Than-Expected Profit Despite Flood Losses
Swiss Re shrugged off the cost of floods in Europe to post a better-than-expected second-quarter profit on Thursday and said it could beat its main annual performance target if claims remain stable ...Catlin Hurt By Sandy, Costa Concordia Losses, Bond Slump
Catlin Group Ltd., the second-largest Lloyd's of London insurer by market value, fell in London trading after it reported lower-than-expected first-half earnings, hurt by rising bond yields and ...
Progressive ‘Body Punching’ Way to Greater Acceptance of Snapshot Product
Progressive Corp., the fourth-largest U.S. auto insurer, is searching for the right message to attract customers to a product that tracks a person's driving to set rates, Chief Executive Officer ...
Swiss Re Reports Net Gain But Underwriting Loss Due to Disaster Claims
Swiss Re Ltd., the world's second- biggest reinsurer, reported its first quarterly underwriting loss since 2011 after a surge in claims from natural catastrophes and man-made disasters. The combined ...
Hannover Re Quarterly Net Rises 29% on Investment Income
Hannover Re, the world's fourth- biggest reinsurer, said second-quarter profit rose 29 percent, beating analysts' estimates, helped by higher investment income. Net income advanced to 186.3 million ...
Commercial Lines Rate Increases Slowed in July: MarketScout
After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout's market index. Rate ...
Insurer Challenges In ‘Adapting’ To The Climate Change Resilience Gap
The frequency and severity of natural catastrophe impacts to built assets are increasing. Governments and their taxpayers are taking increasing shares of disaster relief from such events, creating an ...
Axa, Allianz Report Improved P/C Results; Axa CEO de Castries to Stay On
Axa SA, Europe's second-largest insurer, said first-half operating profit gained 14 percent, beating estimates on higher property/casualty earnings. Axa jumped as much as 3.9 percent to a three-year ...