QBE Group believes the cycle of rising insurance premiums has further to run, providing a tailwind to the business as it faces softer investment returns from the plunge in global bond yields. As QBE delivered a 35 per cent lift in half-year cash profits to US$520 million ($766 million) on Thursday, helped by much stronger… Continue reading QBE Flags Higher Premiums as Recovery Takes Shape
Tag: hardening insurance market
Chubb’s Greenberg: Insurance Market Firming
Chubb beat analysts’ forecasts with a $1.2 billion profit in the second quarter of this year, as chairman Evan Greenberg flagged up a hardening pricing environment. “We benefited from an improved pricing and underwriting environment, flight to quality from commercial insurance buyers, and our various global growth initiatives,” Mr Greenberg said in Chubb’s earnings statement.… Continue reading Chubb’s Greenberg: Insurance Market Firming