Allstate reports huge pretax cat loss

[ad_1] In Asia, underlying net income was C$197 million, an increase of C$20 million or 11%. Asset management and wealth contributed C$7 million from higher fee income driven by increased assets under management. Individual protection added C$13 million, driven by new sales, in-force business growth, and joint venture performance, partially offset by lower surplus earnings…

[ad_1] Generali’s adjusted net result rose to €3.77 billion, up from €3.58 billion the previous year, reflecting contributions from its diversified profit sources despite lower net realised gains. The overall net result stood at €3.72 billion, slightly lower than the previous year’s €3.75 billion, which included capital gains from asset disposals in 2023. [ad_2] Source…

[ad_1] Advice comes as almost two-thirds of workers cite disconnection from management as reason for leaving [ad_2] Source link

[ad_1] Despite a decrease in the number of severe flaws, the total volume of vulnerabilities suggested ongoing pressure on IT resources and patching capabilities. The report recommended adopting a multi-layered defense strategy, combining access controls with real-time detection, to protect against identity-driven and zero-day attacks. [ad_2] Source link

[ad_1] “We are not very good in terms of being the fastest or the first mover,” Jain said, adding that Berkshire prefers to “wait and see until the opportunity crystallises.” His remarks suggest that the conglomerate, which is currently navigating profit pressure and a major leadership transition, is unlikely to make large-scale AI bets any…

[ad_1] Pre-tax catastrophe and weather-related losses, net of reinsurance, totalled US$49 million, or 3.7 points on the combined ratio. Of that, US$32 million, or 2.4 points, was attributed to the California wildfires. The remaining losses were related to other weather-related events. After-tax, catastrophe and weather-related losses totalled US$38 million. [ad_2] Source link