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Everest Group reports lower first-quarter net income
The company posted net income of US$210 million, or US$4.90 per diluted share, a decrease from US$733 million, or US$16.87 per diluted share, in the same quarter last year. Net operating income also dropped to US$276 million, or US$6.45 per diluted share, compared to US$709 million, or US$16.32 per diluted share, in Q1 2024. Source…
Insurance faces blind spots in a rapidly expanding renewables sector
The market is “not focused enough” on a specific exposure… Source link
Ascot’s Lloyd’s Syndicate 1414 announces profit decline in 2024
Dip due to heavy catastrophe losses and the Baltimore bridge disaster Source link
Travelers Indemnity defeats age discrimination suit as court dismisses appeal over arbitration
Yvonne Michaud, a veteran employee who had been with Travelers for roughly 45 years, resigned in May 2019 at the age of 69. In 2021, she filed a lawsuit claiming that the company had discriminated against her based on her age. Michaud said she’d been passed over for promotions, denied raises, and not compensated for…
Britannia Group CEO to step down
His successor has been with the company since 2008 Source link
Late April storms cause hundreds of millions in insured losses across US – Aon
On April 29 alone, the federal Storm Prediction Center logged 781 combined reports of tornadoes, hail, and wind from New Mexico to New York. Multiple other reports were filed during the broader April 27–29 outbreak, spanning much of the central and eastern US. Source link