“Thus, 2021 represents an unusual end to the past decade in which growth was much lower (+3.6% per year on average) and driven by Asia, which accounted for 40% of all additional premiums, more than half of them written in China. As a consequence, China’s global …
USAA has announced the appointment of Clyde Douglas (pictured above) as senior vice president and general manager of claims. In his new role, Douglas will oversee the company’s claims organization. Douglas has more than 25 years of industry experience. He joins USAA from Chubb, …
Global insurance broker Lockton posted record-breaking revenue of $2.69 billion in the 2022 fiscal year ending April 30, representing 27% growth from the previous year, most of which was considered organic. US-headquartered Lockton is a privately-owned brokerage with approximately 9,000 associates doing business in …
Ryan Specialty Group Holdings (RSG) has published its results for the first quarter ended March 31, 2022, and revealed strong performance driven by a focus on its “winning formula for success.” For Q1 2022, the company’s total revenue grew 24.2% year-over-year to $386.9 million, …
The Global Federation of Insurance Associations (GFIA) has terminated the membership of the All-Russian Insurance Association (ARIA). According to the trade body, which represents insurers that account for 89% of premiums worldwide, the move reflects its condemnation of the Russian government’s military actions against …
Munich Re’s solvency ratio was approx. 231% (227% as at 31 December 2021), which is above its optimum range (175–220%), and includes the deduction of €1 billion share buy-back. Its annualized return on equity (RoE) for Q1 2022 was 9.8% (compared to 10.4% in Q1 2021). …
Overall, 28% experienced burnout, and many others had to deal with stress (55%), depression (38%), lack of motivation (37%), anxiety (36%) and anger (31%). Two in five claim their work had the biggest negative impact on their mental health. Today, more than half (53%) of workers …
Valley Insurance Agency Alliance (VIAA), an alliance of nearly 150 independent insurance agencies in Missouri and Illinois, has announced that Farmer City, Ill.-based Main Street Insurance Group has joined the network. Founded in 2006, Main Street Insurance Group was acquired in 2018 by owner …
