GIC Re, the Indian public sector reinsurer, has reported an underwriting loss of approximately ₹2,376.95 crore for the half year ended on September 30th, 2024, (H1 2024), as compared to a loss of around ₹3,029.04 crore for the same period in 2023. The … [Read More...] about GIC Re’s underwriting loss narrows for H1’24, CoR stands at 111.64%

Aon, a global professional services firm, has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) to launch its new Florida Flood v3.0 model statewide to assess flood exposures in the state and inform re/insurers’ … [Read More...] about Aon and Fathom launch new Florida Flood Model for state insurers to assess exposures

Italian insurer Generali has reported a 5% year-on-year increase in its net result to €3 billion for the first nine months of 2024, as gross written premiums (GWP) across the group rose 18% to €70.7 billion amid strong growth in both P&C and … [Read More...] about Generali posts strong GWP growth and 94% CoR for 9M’24 despite significant cat losses

French reinsurer SCOR has reported a group net loss of €-117 million in Q3 2024, driven by a negative insurance service result in L&H reinsurance. However, its P&C segment saw a very strong performance, with a combined ratio of 88.3%. At the same time, … [Read More...] about SCOR falls to Q3’24 net loss as L&H assumption review trumps positive P&C result

Global insurer American International Group, Inc. (AIG) has appointed Christopher Schaper as its new Chief Risk Officer on a permanent basis, effective immediately. He has held the same role on an interim basis since September 2024, while also serving as AIG’s … [Read More...] about AIG names Christopher Schaper as Chief Risk Officer