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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…

What needs to change about the insurance sector?
The Meet the Executive Series welcomes Sun Life’s Irlande Audenier, in association with NAAIA. In this interview, she talks about her career journey, how to attract more talent from the African-American community, and what she would change about the insurance industry. Source link

Universal Property & Casualty wins appeal over prompt notice, insurer’s coverage defense reinstated
On appeal, Universal also challenged the homeowners’ procedural handling of the waiver issue, arguing they failed to properly plead it. The Fourth District agreed, holding that waiver must be explicitly raised in response to an insurer’s affirmative defenses. The Yagers, it found, did not do so until five months after Universal’s answer, and even then,…

Acknowledging the transformative impact of AI on insurance operations
“I think the challenge is how can you control that? Because you wouldn’t, as an insurance company, declare overnight that everybody is allowed to write software to change pricing models,” he said. As a result, the question for the market is how to make sure that this technology is pointing in the right direction, which…

Insurance hires at Canal Insurance, Zurich North America, Trucordia and Safety National
Mark Walls, formerly vice president of Client Engagement, has been named corporate senior vice president and chief marketing officer. Dan Berns, previously vice president of account services, will become corporate senior vice president of operations, overseeing account services and insurance compliance. Source link

Lloyd’s sees profits dip as major claims affect 2024 results
Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants. Source link