By Chad Hemenway Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8% during the last quarter of 2024. Fourth-quarter net income was down 22% to about $2.6 billion compared to the same period a year ago, but the Whitehouse Station, New Jersey-based insurer finished the fourth quarter with a combined ratio of … Read more
Aeolus Capital Management Ltd., the specialist insurance-linked securities (ILS) and reinsurance investment manager, has announced the appointment of Giorgio Scrocca from OdysseyRe in London as Assistant Vice President (AVP), Underwriting.Based in Bermuda, Scrocca joins the ILS manager to focus on risk sourcing, cedent relations, underwriting and portfolio management, explains Aeolus. He spent more than seven … Read more
Fueled by rapid technological advancements, demographic changes and shifting consumer expectations, the Life & Annuity industry is set for several transformative changes in 2025. Swiss Re forecasts average global real premium growth of 2.6% in 2025 and 2026, with life insurance projected to expand globally by 3% annually— more than twice the pace of the … Read more
By William Nibbelin, Senior Research Actuary, Triple-I The U.S. Property & Casualty insurance market is expected to continue its trajectory of improving underwriting results in 2024 into 2025 and 2026, according to the latest projections by actuaries at Triple-I and Milliman. The latest report – Insurance Economics and Underwriting Projections: A Forward View – was … Read more
As the insurance industry continues to navigate the pace of change, complexity and uncertainty in our world, consumers continue to respond, expecting companies to be more responsive to their needs. This year’s underwriting predictions offer guidance on how carriers can respond faster. 1. Evolving cognitive technologies will help insurers capture opportunity from more discrete market … Read more