According to a report by NAIC, underwriting income across the U.S. Property & Casualty (P&C) industry jumped by more than $40 billion from the previous year. Strong premium growth and lower incurred losses drove much of the improvement. Catastrophe losses also fell meaningfully, particularly in the second half of the year. This backdrop remains favorable […]

Wildfire risk is the fastest-growing weather peril globally, according to the insurer, which added that estimated natural-catastrophe losses fell sharply in the first half of the year.

Economic losses from natural catastrophes worldwide are estimated to have reached $100 billion in the first half of this year, reinsurance group Swiss Re said Tuesday, a sharp decline from the period last year.But Swiss Re, which serves as an insurer for insurance companies, noted that losses from natural disasters often increase in the second half of the year, mainly due to hurricanes in the North Atlantic ocean.

For India, the reinsurer's corporate arm is setting up a tie-up with Bajaj General Insurance, contingent on definitive agreements and the necessary regulatory clearances.

Swiss Re AG (SSREF) exceeds 60% of its full-year profit target in H1 2026, with excellent combined ratios across all core businesses and a strengthened capital position.