In the three months ended March 31, WTW’s total revenue amounted to $2.16 billion, a 3% drop from the $2.23 billion posted in Q1 2021. Net income, however, fell significantly from last year’s $736 million to $125 million this time around. In terms of segment operating income, which excludes certain costs, here’s how WTW fared […]
Major property and casualty (P&C) insurer Chubb has published its financial results for the first three months of 2022, and chair and chief executive Evan Greenberg says the company is “off to a great start” despite a decrease in net income. In the first quarter, Chubb posted a net income of $1.97 billion. […]
How to overcome one of the toughest property markets in history Bethan: [00:00:11] Hi everyone and welcome to Insurance Business TV. I’m Bethan Moorcraft, senior editor at Insurance Business. And in this episode I am delighted to welcome Ross Bowie, the Chief Underwriting Officer at Orchid Insurance, which was recently named one of insurance […]
US companies expect travel spending to be 25% of 2019 levels in the first quarter of 2022, and 36% by the second quarter of the year. This is projected to rise to 45% and 55% the last two quarters of the year. But it would take at least two years for travel spending to reach […]
How did you come to join the insurance profession – and what has held your interest in insurance? My first job after graduating as a mechanical engineer from Georgia Tech was as a loss prevention consultant in the engineering division of a global property insurance company. My main responsibility was to visit various facilities and […]
Following news of football world, the football world has sent its sympathies to him and his family. The Manchester United and Portugal star had announced in October he and partner Georgina Rodriguez were expecting twins. In December, they announced they were expecting a boy and a girl. United wrote to their star player, saying: “Your […]
Italian insurance giant Assicurazioni Generali has filed a complaint with the country’s securities regulator over what it said were “incorrect and defamatory statements” made to the press by former executive Luciano Cirinà and top investor Francesco Gaetano Caltagirone. “The filing urges the regulator to urgently exercise its powers with regards to communications concerning […]
Swiss Re’s shareholders approved all proposals put forward by the board of directors at Wednesday’s annual general meeting (AGM), the company has announced. This included the distribution of an ordinary dividend of CHF5.90 per share (about $6.32), the re-election of Sergio P. Ermotti as chairman of the board, and the re-election of all […]
But Iago wasn’t the only bird Gottfried voiced. In the insurance world and beyond, the Aflac duck is easily one of the most iconic mascots on television, making its debut in a commercial in January 2000. It was made successful with Gottfried’s help – his voice brought the Aflac duck to life for 11 years. […]
In 2019, Allen joined USI, where he served as a practice leader in the brokerage’s property and casualty division, focused on growing complex accounts, coaching brokers and recruiting top talent. Now, as president of Franklin Street’s Insurance Services division, Allen will oversee a national team that provides the full spectrum of commercial insurance service offerings […]