Tokio Marine Holdings has announced its full year 2024 financial results for its International business, reporting JPY 428.4 million in profits, a 2% decrease compared to 2023’s JPY 436.9 million. According to the firm, the decrease was mainly due to “one-off effects” totalling -JPY38.3 billion. This included capital loss mainly due to CECL provisions for […]
El Salvador’s president says he won’t return mistakenly deported Maryland man back to U.S.; Travel experts say now is the time to start planning your summer vacation.
Global insurer and reinsurer MS Amlin Underwriting Limited (MS AUL) has reported a net income of £149 million for the full year 2024, representing a reduction of £47 million compared to the £197 million recorded the year prior. The company attributed the decline in net income to an increase in corporate tax, driven by improved […]
Robert Burke, once the U.S. Navy’s second-highest-ranking officer, was found guilty of steering contracts to a company in exchange for a lucrative job.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.
Moody’s lowered its rating on U.S. debt from Aaa to Aa1, pointing to sustained increase in federal debt and interest payments.
He allegedly told police he lied to the family about needing to protect them from a nonexistent “cartel,” according to the police affidavit.
A new report from Howden has revealed that the European agriculture sector loses an average of €28 billion annually due to adverse weather, with farmers bearing 70–80% of all weather-related farm losses, highlighting a significant insurance protection gap. According to Howden, drought is responsible for over half of total agricultural losses and represents the most […]
AM Best, a credit rating agency and provider of financial data and analysis for the insurance industry, reports that insurers offering directors and officers (D&O) liability coverage in the US recorded their most favourable loss experience in more than ten years during 2024, despite declining premium volumes and ongoing underwriting challenges. The report highlights that […]
MS Reinsurance (MS Re), a Switzerland-domiciled global reinsurer, has reported growth of 17.6% in gross written premiums (GWP) to $3.6 billion for full year 2024, up from $3.1 billion in 2023, driven by top line growth in a favourable market environment, in line with the company’s strategy to build a diversified and well-balanced portfolio. MS […]
