Net underwriting earnings across Berkshire Hathaway’s insurance and reinsurance operations declined to $750 million in the third quarter of 2024, as the strong performance at GEICO more than offset underwriting losses at both the firm’s primary … [Read More...] about GEICO performance offsets Q3’24 losses at Berkshire Hathaway’s primary & reinsurance units

International specialty insurance firm Ryan Specialty Holdings, Inc. has reported revenue growth of 20.5% year-over-year to $604.7 million in the third quarter of 2024, compared to $501.9 million in the prior-year period, while net income spiked 82.4% … [Read More...] about Ryan Specialty reports organic revenue growth of 11.8% in Q3’24

Specialty re/insurance group Chaucer has announced the appointment of Ivan Sit, an Asian Marine insurance market veteran that has been recruited to launch the company’s regional Marine offering via Chaucer’s Lloyd’s Singapore platform. Sit is regarded as a … [Read More...] about Ivan Sit joins Chaucer as Class Underwriter, Marine

With the Asia-Pacific region’s contribution to global GDP increasing, it is positioned to play a vital role in driving growth within the global insurance industry, according to the latest APAC Market Report from Gallagher Re, a reinsurance broker. This report … [Read More...] about Cyber insurance and natural disasters fuel growth in Asia-Pacific’s insurance sector: Gallagher Re

Global insurer AXA’s property & casualty (P&C) and specialty risk division, AXA XL, achieved gross written premium (GWP) and other revenues growth of 7% in the first nine months of 2024 to €44.5 billion, supported by 10% year-on-year growth at … [Read More...] about AXA XL Re premiums up 10% to €2.4bn in 9M’24