Aon Q2 results

Aon beats consensus as organic growth surges to 11% in Q2

2021-07-30T10:50:00+01:00

Aon has reported organic growth of 11 percent for the second quarter boosted by an especially strong performance in its Commercial Risk Solutions unit.

Christa Davies – Aon

Aon to take Q3 $350mn-$400mn “clean break” WTW charge including retention measures

2021-07-30T14:10:00+01:00

Aon has moved to ensure colleagues including those previously offered retention bonuses in relation to the Willis Towers Watson combination share in the firm’s growth potential going forward as it said it will take $350mn to $400mn of additional charges in Q3 as part of a “clean break” from the ...

Stephen Donaghy Universal

Universal cedes $109mn of Q2 reserve development, says $1.2bn left in Irma tower

2021-07-30T14:00:00+01:00

Florida carrier Universal Insurance Holdings has revealed that it ceded 93 percent of its $116.9mn prior-year adverse development in the second quarter, while its CEO has said he is optimistic about the recent property insurance reform in the state although gaps remain.

Swiss Re H1 results

Mumenthaler: Event cancellation uninsurable without government backing

2021-07-30T12:32:00+01:00

The Covid-19 pandemic has been a “bad awakening” for event cancellation reinsurance, with the future of insuring large events in question without government intervention, Swiss Re’s group CEO Christian Mumenthaler has said.

Kaci Snyder Alliant

Alliant brings in Snyder as latest WTW hire in new public entity practice

2021-07-30T12:22:00+01:00

Alliant Insurance Services has further strengthened its public entity education and pooling practice with the addition of Kaci Snyder.

Christa Davies – Aon

Aon to take Q3 $350mn-$400mn “clean break” WTW charge including retention measures

2021-07-30T14:10:00+01:00

Aon has moved to ensure colleagues including those previously offered retention bonuses in relation to the Willis Towers Watson combination share in the firm’s growth potential going forward as it said it will take $350mn to $400mn of additional charges in Q3 as part of a “clean break” from the ...

Stephen Donaghy Universal

Universal cedes $109mn of Q2 reserve development, says $1.2bn left in Irma tower

2021-07-30T14:00:00+01:00

Florida carrier Universal Insurance Holdings has revealed that it ceded 93 percent of its $116.9mn prior-year adverse development in the second quarter, while its CEO has said he is optimistic about the recent property insurance reform in the state although gaps remain.

Swiss Re H1 results

Mumenthaler: Event cancellation uninsurable without government backing

2021-07-30T12:32:00+01:00

The Covid-19 pandemic has been a “bad awakening” for event cancellation reinsurance, with the future of insuring large events in question without government intervention, Swiss Re’s group CEO Christian Mumenthaler has said.

Kaci Snyder Alliant

Alliant brings in Snyder as latest WTW hire in new public entity practice

2021-07-30T12:22:00+01:00

Alliant Insurance Services has further strengthened its public entity education and pooling practice with the addition of Kaci Snyder.

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Dr Andrew Johnston, Global Head of InsurTech, Willis Re

A time of plenty in the insurtech space – for some

The record number of insurtech mega-rounds in the second quarter suggests the space is enjoying a halcyon period, but the struggles of some companies that have not reached that stage and those that have gone on to become public companies shows the picture is more mixed.

P&C FUNDRAISING TRACKER

June surge in P&C insurtech capital raises pushes Q2 total towards $3bn

A slew of mega fund raises from Wefox, Bought By Many, Embroker and EIS made June by far the biggest month of the second quarter for P&C insurtech funding, accounting for over 60 percent of Q2’s total, according to data compiled by The Insurer.

II-ISO-APCIA-2

US P&C carriers’ Q1 net profit rises despite cat-hit underwriting profit drop

US property and casualty (P&C) insurers saw their collective net profit after tax increase in the first quarter, but a series of extreme loss events – notably the winter storms in Texas – fuelled a deterioration in their combined ratio, according to analysis from Verisk and the American Property Casualty ...

Dr Andrew Johnston, Global Head of InsurTech, Willis Re

A time of plenty in the insurtech space – for some

The record number of insurtech mega-rounds in the second quarter suggests the space is enjoying a halcyon period, but the struggles of some companies that have not reached that stage and those that have gone on to become public companies shows the picture is more mixed.

P&C FUNDRAISING TRACKER

June surge in P&C insurtech capital raises pushes Q2 total towards $3bn

A slew of mega fund raises from Wefox, Bought By Many, Embroker and EIS made June by far the biggest month of the second quarter for P&C insurtech funding, accounting for over 60 percent of Q2’s total, according to data compiled by The Insurer.

II-ISO-APCIA-2

US P&C carriers’ Q1 net profit rises despite cat-hit underwriting profit drop

US property and casualty (P&C) insurers saw their collective net profit after tax increase in the first quarter, but a series of extreme loss events – notably the winter storms in Texas – fuelled a deterioration in their combined ratio, according to analysis from Verisk and the American Property Casualty ...

Lloyd's greenwash

Lloyd’s takes step forward on climate action but protests likely to continue

Climate protests are an increasingly frequent sight on Lime Street. Only yesterday a so-called Insurance Rebellion protestor daubed the Lloyd’s building with green paint, which followed a stink device protest last month and the dumping of fake coal outside the building in April.

Aon WTW AJG

What next for Aon, WTW and Gallagher…

Aon, Willis Towers Watson and Arthur J Gallagher report earnings within the next eight days, and there will be more scrutiny than ever as analysts pick through the failed M&A to determine what the future holds for three parties that had all hoped for transformational deals.

Travelers

Keeping up with inflation

The re-emergence of inflation – based on the consumer price index (CPI) – in the broader economy was one of the factors (along with renewed fears around Covid-19) driving the stock market jitters at the start of the week.

Lloyd's greenwash

Lloyd’s takes step forward on climate action but protests likely to continue

Climate protests are an increasingly frequent sight on Lime Street. Only yesterday a so-called Insurance Rebellion protestor daubed the Lloyd’s building with green paint, which followed a stink device protest last month and the dumping of fake coal outside the building in April.

Aon WTW AJG

What next for Aon, WTW and Gallagher…

Aon, Willis Towers Watson and Arthur J Gallagher report earnings within the next eight days, and there will be more scrutiny than ever as analysts pick through the failed M&A to determine what the future holds for three parties that had all hoped for transformational deals.

Travelers

Keeping up with inflation

The re-emergence of inflation – based on the consumer price index (CPI) – in the broader economy was one of the factors (along with renewed fears around Covid-19) driving the stock market jitters at the start of the week.