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Allianz sees strong start to 2025, reaffirms full-year outlook
“Allianz’s first quarter performance and our confirmed outlook underscore our financial strength and resilient business model, which benefits from the attractiveness of our customer value propositions amid geopolitical and economic uncertainty,” he said. “In fact, we view this uncertainty and change as a catalyst for innovation and growth, allowing us to pursue new opportunities and…

Chubb reports significant wildfire impact on first-quarter results
In comparison, Chubb achieved record net income of $9.27 billion for FY2024, or $22.70 per share, and core operating income of $9.20 billion, or $22.51 per share. Consolidated net premiums written were $51.5 billion, up 8.7%, with global P&C up 9.6% and life insurance up 15.7%. The P&C combined ratio for the year was 86.6%….

Ardonagh Group inches closer to $2.5 billion investment – report
With backing from Madison Dearborn Partners and later the Abu Dhabi Investment Authority, the firm has grown under CEO David Ross. Ardonagh has acquired assets in markets including Brazil, Spain and Italy. Last year, it purchased Australia’s PSC Insurance Group for an implied equity value of A$2.3 billion ($1.5 billion), taking the company private and…

How to Start a Clothing Boutique: Insurance Edition
The U.S. apparel market is expected to grow to $298.37 billion by 2029, so it’s easy to see why opening a clothing boutique is such an appealing and creatively fulfilling venture. But amid all the planning, design, and inventory decisions, one thing that shouldn’t fall off your to-do list is insurance. From signing your lease…