Insurance

Australia's Medibank posts profit, policyholder growth; shares jump

February 23, 2023 06:09 PM AEDT | By Reuters

By Harish Sridharan (Reuters) - Medibank Private Ltd, Australia's top health insurer, reported a bigger-than-expected rise in first-half profit on Thu...

Australia's Medibank profit beats view as foreign students, workers...

February 23, 2023 02:48 PM AEDT | By Reuters

(Reuters) - Medibank Private Ltd on Thursday beat profit estimates for the first half of fiscal 2023, as its international business received a boost f...

Australia's Medibank slapped with class action over cyber incident

February 07, 2023 07:25 PM AEDT | By Reuters

(Reuters) - Australian health insurer Medibank Private Ltd said on Tuesday a class action suit had been filed against it over last year's cybercrime i...

U.S. signs up over 16 million people for Obamacare health insurance

January 26, 2023 02:53 AM AEDT | By Reuters

By Ahmed Aboulenein WASHINGTON (Reuters) - More than 16 million Americans signed up for Obamacare health insurance for 2023, a jump of more than 12% o...

Natural disasters caused $313 billion economic loss in 2022 - Aon

January 25, 2023 08:38 PM AEDT | By Reuters

(Reuters) - Natural disasters, many driven by climate change, caused global economic losses of $313 billion in 2022, insurance broker Aon estimated on...

Hurricanes and floods bring $120 billion in insurance losses in 2022

January 10, 2023 07:20 AM AEDT | By Reuters

By Tom Sims and Alexander Hübner FRANKFURT/MUNICH (Reuters) - Hurricane Ian in the United States and floods and Australia helped to make 2022 one of t...

Global natural catastrophe insurance losses seen at $112 billion for...

December 30, 2022 08:48 PM AEDT | By Reuters

LONDON (Reuters) - Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance broker Guy Carpenter said...

Insurers shun FTX-linked crypto firms as contagion risk mounts

December 20, 2022 07:17 AM AEDT | By Reuters

By Noor Zainab Hussain and Carolyn Cohn (Reuters) - Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX...

Review ordered on insurance premium rises

December 08, 2022 10:31 AM AEDT | By AAPNEWS

Financial watchdogs have ordered life insurance companies to review their premium increases following customer concerns about price rises.

Ex-ANZ unit rejected claim in 'bad faith'

December 08, 2022 09:49 AM AEDT | By AAPNEWS

Former ANZ subsidiary OnePath failed to inform a consumer of her rights when rejecting an allegedly fraudulent insurance claim, ASIC has said.

Generali completes share buyback of 500 million euros

December 06, 2022 02:03 AM AEDT | By Reuters

MILAN (Reuters) - Italy's top insurer Assicurazioni Generali said on Monday it had repurchased 500 million euros ($528 million) worth of its shares, c...

Italy's Banco BPM picks Credit Agricole for non-life insurance talks

November 30, 2022 06:28 AM AEDT | By Reuters

MILAN (Reuters) - Banco BPM has picked its top investor Credit Agricole to start exclusive talks over a non-life insurance partnership, Italy's third-...

QBE warns of $100m catastrophe blowout

November 21, 2022 01:16 PM AEDT | By AAPNEWS

<p>QBE expects to exceed its catastrophe allowance by around $100 million this year as the war in Ukraine and extreme weather events cause elevated cl...

Factbox-COP27: Counting the rising cost of climate disasters

November 16, 2022 10:16 PM AEDT | By Reuters

(Reuters) - Climate change has raised the cost of natural disasters, as rising sea levels and drought increase the frequency and severity of flooding...

Generali commits to deliver on targets to 2024 after 9-month beat

November 10, 2022 05:44 PM AEDT | By Reuters

MILAN, Nov 10 (Reuters) - Italy's top insurer Assicurazioni Generali said on Thursday it beat estimates with its 9-month results and confirmed its com...

Swiss Life fee income rises 7% in first nine months of 2022

November 09, 2022 05:11 PM AEDT | By Reuters

ZURICH, Nov 9 (Reuters) - Swiss Life increased its fee income by 7% in the first nine months of 2022, Switzerland's biggest life insurer said on Wedne...

Generali strikes long-term distribution deal with Portugal's post of...

November 07, 2022 06:57 PM AEDT | By Reuters

MILAN, Nov 7 (Reuters) - Italy's biggest insurer Assicurazioni Generali said its Portuguese arm had agreed a long-term distribution deal with CTT Grou...

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