Aon reported net income attributable to shareholders of $716 million during the fourth quarter, a 44% increase from the $498 million reported in Q4 2023. For full-year 2024, net income attributable to shareholders increased to $2.7 billion, or $12.49 per …
Aon Reports Organic Growth of 6% for 4th Quarter and Full-Year 2024 Read More »
Lawyers representing victims of a deadly Hawaii wildfire reached a last-minute deal averting a trial that was scheduled to begin Wednesday over how to split a $4 billion settlement. The agreement means victims and survivors will not have to testify, …
Hawaii Wildfire Victims Spared From Testifying After Deal Over $4B Settlement Read More »
Howden, one of the world’s largest closely held insurance brokers, is in talks to acquire Risk Strategies, according to people with knowledge of the matter. The talks to acquire Risk Strategies, which is ultimately backed by private equity firm Kelso …
Howden Said in Talks to Buy Insurance Broker Risk Strategies Read More »
As ESG rapidly morphs into one of the least-loved labels in global finance, those monitoring the development say it’s not all down to ideology. Instead, annoyance with environmental, social and governance metrics has grown along with regulatory requirements around ESG …
Corporate ‘Irritation’ Over ESG Fueled by Significant Costs Read More »
Companies and government agencies around the world are moving to restrict their employees’ access to the tools recently released by the Chinese artificial-intelligence startup DeepSeek, according to the cybersecurity firms hired to help protect their systems. “Hundreds” of companies, particularly …
DeepSeek’s AI Restricted by ‘Hundreds’ of Companies in Days Read More »
Flooding caused by Storm Herminia forced the evacuation of thousands of people in northwest France, while hundreds of homes remain without power. Back-to-back storms — Éowyn followed by Herminia — have triggered the worst flooding in 40 years in parts …
Floods in France Force Evacuations and Cut Power to Homes Read More »
Six storms around Australia and its territories are expected to strengthen in the coming days, with one system likely to trigger life-threatening flooding in the nation’s north and three others with at least a moderate chance to form into tropical …
Australia Braces for Life-Threatening Floods as Six Storms Brew Read More »
Brazilian insurance group Porto Seguro is in talks with private equity funds to possibly sell a minority stake in its health business, with discussions focusing on the strategic advantages of potential partners and valuation, two people familiar with the talks …
Brazil Insurer Porto Seguro Eyes Partners for Health Business, Sources Say Read More »
Europe’s insurance watchdog has called for a recalibration of capital requirements to reflect rising climate-driven disasters across the continent. The European Insurance and Occupational Pensions Authority is recommending the industry update the way it accounts for natural catastrophe risks in …
Europe’s Insurers May Face New Capital Rules for Climate Risk Read More »
Plymouth Rock Assurance, headquartered in Boston, named Ethan Tarby as president and CEO of Plymouth Rock Assurance Corporation. Tarby served as interim president and CEO since June 2024. He will lead Plymouth Rock’s Independent Agency Group. Tarby joined Plymouth Rock …
