Report reveals impact of US tariffs on global insurance sector

[ad_1] Insurance revenue rose 11% to €48.1 billion, while operating profit (EBIT) increased to €4.9 billion from €3.1 billion in the previous year. Net income grew by 25% to €1.98 billion, exceeding the company’s original 2025 target ahead of schedule. Return on equity reached 17.9%, up from 16.6% in the year prior. [ad_2] Source link

[ad_1] “Brokers can play a bigger role” in the fight against nuclear verdicts  The insurance industry’s coalition work continues to expand. An inaugural in-person symposium in 2022 drew 50 to 60 people. Last year, that number had grown to 250. Another one is scheduled for later this year, and is expected to draw carriers, brokers,…

[ad_1] Before that final payment, however, K&B reached a separate settlement with Moving & Storage’s insurer, Selective Insurance Company of America. On November 16, 2020, Selective paid K&B $92,424.24 in exchange for a general release. The agreement released both Selective and Moving & Storage from “any and all claims that may be submitted by another…

[ad_1] If the total taxes calculated under the bill amount to less than $5,000 in a given year, the captive insurance company must pay a minimum tax of $5,000. For captives newly authorized within a calendar year, the minimum tax is prorated by quarter: $5,000 if authorized in the first quarter; $3,750 in the second;…

[ad_1] Details matter for the best insurance companies to work for in America. In the current era, employees have options to move and are empowered to voice dissatisfaction as they deal with a hard market, rising prices, and relentless sales quotas. “It’s important to understand we’re still in a competitive labor market and you have…

[ad_1] Net income for the quarter was US$274 million, or US$1.00 per share, compared to US$338 million, or US$1.24 per share, in the same period last year. Core income dropped to US$281 million, or US$1.03 per share, from US$355 million, or US$1.30 per share, year over year. [ad_2] Source link