L.S. Howard

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About L.S. Howard

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So far L.S. Howard has created 492 blog entries.
13 06, 2024

R&Q Warns Its Financial Stresses Could Hit Business Stability and Lead to Liquidation

By | June 13th, 2024|Uncategorized|Comments Off on R&Q Warns Its Financial Stresses Could Hit Business Stability and Lead to Liquidation

R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the “company’s stability as a business” and ultimately lead to liquidation. In a June 13 statement, R&Q acknowledges it has been struggling under the weight of …

16 05, 2024

Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Strong Q1 Net Income of $1.1B

By | May 16th, 2024|Uncategorized|Comments Off on Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Strong Q1 Net Income of $1.1B

Swiss Re announced plans to withdraw from its digital B2B2C insurance business, iptiQ, following a strategic review. The iptiQ business lost $250 million in 2023, but the loss was projected to be less in 2024. Nevertheless, Swiss Re decided its …

3 05, 2024

AXA’s Q1 Premiums Rise 6%, Led by P/C Business Growth

By | May 3rd, 2024|Uncategorized|Comments Off on AXA’s Q1 Premiums Rise 6%, Led by P/C Business Growth

AXA, Europe’s second-largest insurer, reported a 6% increase in total revenue during the first quarter to €34 billion ($36.4 billion), compared with €31.8 billion ($34.1 billion) in Q1 2023. The increase in Q1 gross written premiums (GWP) and other revenues …

19 04, 2024

Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute

By | April 19th, 2024|Uncategorized|Comments Off on Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute

James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty reinsurance business – after a period of legal wrangling that had threatened to derail the deal. The transaction, which was …

11 04, 2024

Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses

By | April 11th, 2024|Uncategorized|Comments Off on Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses

Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of political violence and possible large insurance losses, according to Allianz Commercial in a new report. An unprecedented “super-cycle” of elections …

5 04, 2024

Arch Insurance to Purchase Allianz’s U.S. MidCorp & Entertainment Insurance Businesses

By | April 5th, 2024|Uncategorized|Comments Off on Arch Insurance to Purchase Allianz’s U.S. MidCorp & Entertainment Insurance Businesses

Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment businesses for a cash consideration of $450 million. The transaction includes …

9 02, 2024

Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023

By | February 9th, 2024|Uncategorized|Comments Off on Another Banner Year Seen by 5 Publicly Traded Insurance Brokers in 2023

Five of the largest publicly traded insurance brokers — Marsh & McLennan Cos., Aon, Arthur J. Gallagher, WTW and Brown & Brown – reported generally strong revenues in 2023, with annual increases ranging from 3% (Aon) to 18% (Arthur J. …

16 11, 2023

Zurich’s Farmers Group Seeks More Fee Income via Acquisition of 3 Brokers for $760M

By | November 16th, 2023|Uncategorized|Comments Off on Zurich’s Farmers Group Seeks More Fee Income via Acquisition of 3 Brokers for $760M

Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for US$760 million. The deal also includes the Farmers Exchanges’ flood program servicing arm. The wholesale brokerages – …

20 10, 2023

Insured Losses From Severe Convective Storms in US Top $50B for 1st Time: Aon

By | October 20th, 2023|Uncategorized|Comments Off on Insured Losses From Severe Convective Storms in US Top $50B for 1st Time: Aon

Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50 billion mark for the first time on record and accounting for roughly 60% of all global insured losses, according to …

21 09, 2023

From Disorderly to Orderly Reinsurance Renewals – What a Difference a Year Makes

By | September 21st, 2023|Uncategorized|Comments Off on From Disorderly to Orderly Reinsurance Renewals – What a Difference a Year Makes

One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client interest and have again started to put clients at the center of conversations, according to Dirk Spenner, managing director at …