Tornadoes, hailstorms and fires took their toll on Texas last year with insured losses well over $3 billion, according to an insurer trade group The state had over three times as many claims and almost three times the dollar amount …
U.S. Cat Adjusters, LLC, a claims firm in the Florida property and casualty marketplace, has appointed Greg Cornett as director of Marketing. Cornett will be responsible for U.S. Cat Adjusters market expansion strategy and execution and will lead the company’s …
Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit ratings agency Fitch said on Tuesday. Credit Suisse analysts estimated that total insurance losses …
Allianz SE, Europe’s biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop in earnings at Pacific Investment Management Co. Net income increased to 2.02 billion euros ($2.2 billion) from 1.76 billion euros …
Munich Re, the world’s biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe claims. The shares rose. Net income rose to 1.07 billion euros [$1.14 billion] in the second quarter from 758 million …
Hannover Re, the world’s third-largest reinsurer, said second-quarter profit rose 19 percent, as lower catastrophe claims helped a surge in earnings from property and casualty. Net income increased to 252.2 million euros ($274 million) from 211.5 million euros a year …
Property/casualty insurers catastrophe losses in North America for the first-half of this year were down 36 percent to $8.1 billion from 2014’s total of $12.6 billion, making it the lightest catastrophe first half since 2010. The $8.1 billion in first-half …
Amlin Plc, the second-biggest Lloyd’s of London insurer by market value, posted a 17 percent drop in first-half profit as catastrophe claims jumped on flooding in central Europe. Profit was £140.2 million ($219 million) in the first six months of …
