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According to Aon Group, the ongoing severe weather outbreak from April 23 to 29 severely impacted much of the central and southern United States, with total economic and insured losses expected to reach billions of dollars. Large hail, high winds and damaging tornadoes were recorded. North Texas and the Midwest were hit hard by tornadoes…
International insurance group Ageas has completed the acquisition of a 25% stake in AG Insurance SA/NV from BNP Paribas Fortis SA/NV, becoming the sole owner of its Belgian insurance subsidiary. The deal, first announced in December 2025 for a total consideration of €1.9 billion, marked a strategic shift for Forges in consolidating its foothold in…
WTW, a global consulting and consulting firm specializing in risk, benefits and human capital solutions, announced through its Insurance Consulting and Technology segment that it is expanding its health insurance consulting and technology capabilities in international markets. The company said the development is designed to meet growing demand for expertise as health systems and insurance…
Arthur J. Gallagher & Co. reported strong results for the first quarter of 2026, driven primarily by its core brokerage business, which posted double-digit growth in revenue, earnings and EBITDA. According to the report, Gallagher’s total revenue increased to $4.716 billion in the first quarter of 2026 from $3.688 billion in the same period last…
Recent market disclosures suggest insured losses from the Baltimore Bridge collapse could exceed $2.8 billion, with Howden Re managing director Hugo Chelton saying the worst impact is likely to fall on major reinsurers and the retrocession market, with losses likely to represent a significant single-event hit relative to their capital base for some players. “When…
Yesterday, shareholders at AXA’s annual general meeting in Paris voted “overwhelmingly” to re-elect Thomas Buberl as chief executive (CEO) of the global insurance company for a further four years. Buberl took over as AXA Director and CEO on September 1, 2016 and was reappointed in April 2022 for a four-year term, which expired at yesterday’s…
Hippo returned to profitability in the first quarter of 2026, with a net profit of $7 million, compared with a net loss of $48 million in the same period a year earlier, thanks to significantly stronger underwriting results. The insurance company’s net loss ratio in the first quarter of this year was 48%, an improvement…
Global insurer AIG’s general insurance (GI) business more than tripled underwriting revenue to $774 million in the first quarter of 2026 due to lower catastrophe losses, while gross written premiums (GPW) increased 11% year-on-year to more than $10 billion. AIG explained that as gross premiums grew, net premiums written (NPW) increased 24% year over year…
Aon, a global professional services firm focused on risk, retirement and health solutions, has announced three senior appointments to its Asia Pacific growth team. The move reflects Aon’s continued commitment to strengthening its commercial leadership and regional capabilities in Asia Pacific. The company has appointed Richard Tan, Maggie Hsieh and Michel Muganza to key leadership…
Zurich-based catastrophe insurance data provider PERILS has released its third industry loss estimate for severe convective storms (SCS) on Australia’s east coast in late October 2025, putting losses at A$1.502 billion. The event affected Queensland, New South Wales and Victoria between October 26 and November 1, 2025. Eastern Australia experienced a prolonged period of severe…