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Insurers see trade disputes as growing risk, Goldman Sachs survey finds
Trade policy and economic uncertainty Since returning to office in January, President Donald Trump has introduced and modified tariffs on major trade partners, including China, Canada, and Mexico. A Wall Street Journal report on March 23 suggested the administration planned to narrow the scope of new tariffs set to take effect in April, opting for…

Steadfast expands broker offering in New Zealand
“The success of our business pack on SCTP [Steadfast Client Trading Platform] with six insurers, has paved the way for this exciting new offering, which has been well received by our broker network,” said Neil Cousins (main picture), CEO of Steadfast NZ. Source link

M&A insurance demand could surge as cross-border deals get riskier
However, geopolitical risks, including trade policy uncertainty in the US, ongoing war in Ukraine, and right-wing electoral surges in countries like Germany and France, are posing significant hurdles for investors. As economic and political volatility casts shadows over these regions, M&A players are re-evaluating the risks in cross-border mergers and acquisitions. Source link

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%….

NSM Insurance completes sale of commercial insurance division
The deal includes 15 insurance programs across accident and health, property/casualty, and reinsurance, along with the retail agency NSM Insurance Brokers, the company said in a statement. As part of the transition, NSM’s operations will be split into two distinct entities. New brand identities will be introduced for both the U.S. commercial and direct-to-consumer businesses,…