American Financial Group, Inc. (AFG) has reported a net income of $242 million for the first quarter of 2024, reflecting an increase from $212 million reported in Q1’23. In Q1, AFG’s net earnings included after-tax non-core net realised gains on securities totaling $11 million. In contrast, the first quarter of 2023 saw after-tax non-core net realised losses on securities of $37 million, along with a $2 million gain on debt retirement. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

American multinational financial services company, Corebridge Financial has announced its first quarter of 2024 financial results, reporting a net income of $878 million compared to a net loss of $459 million in the prior year quarter. According to the announcement, the change was mainly driven by realised losses in the first quarter of 2023 for the Fortitude Re funds withheld embedded derivative and higher net investment income in Q1 2024. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

Global insurer AXA and Athora have mutually agreed to terminate the sale agreement related to the purchase of a closed life and pensions portfolio from AXA Germany, which was initially announced on July 14, 2022. According to the announcement, AXA will retain this portfolio, which is well-capitalised and duration-matched, as well as its associated earnings. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

AXA XL has announced the appointment of Matthew V. O’Malley to the newly created role of Chief Client & Distribution Officer for the Americas. In his new role, O’Malley will lead AXA XL’s US zonal teams, Canada and Bermuda country distribution, client engagement, broker engagement, and marketing activities in the Americas. He will also work with clients and distribution partners and across AXA XL’s product lines to foster long-term partnerships to help enhance client experience and engagement. This byline is for a different person with the same name. This byline is mine, but I want my name ..read more

Brookfield Reinsurance, a capital solutions business that provides insurance and reinsurance services to individuals and institutions, has completed the acquisition of American Equity Investment Life Holding Company (AEL). The deal, announced in July 2023, was completed in a cash and stock transaction valued at $56.50 per AEL share. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

Specialty insurance provider Trisura Group has reported a remarkable net income of $36.4 million for the first quarter of 2024, representing a significant 160.7% increase compared to $14 million in the same period last year. The company attributes this impressive surge to several factors, including business growth, enhanced profitability in US Fronting, unrealised gains in the investment portfolio, and higher net investment income. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

With the Texas Windstorm Insurance Association (TWIA) requiring its largest reinsurance purchase on-record given its significant exposure growth, the residual market insurer is making rapid progress, with $750 million of its traditional reinsurance needs already secured in April. That is on top of a $1.4 billion Alamo Re 2024-1 catastrophe bond that TWIA has also secured in April, which is the largest cat bond the insurer has ever sponsored. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

Munich Re’s REALYTIX team has launched a generative AI co-pilot facilitating insurance solution development of clients. With REALYTIX ZERO, Munich Re has been providing a cloud-based underwriting platform with based on its underwriting expertise since 2018, helping primary insurers, MGAs and brokers to digitalise and automate the underwriting of their products. Built on the REALYTIX ZERO platform, the new co-pilot is Munich Re’s first generative AI function in an operational environment. This byline is for a different person with the same name. This byline is mine, but I want my name removed ..read more

Mosaic Insurance, a global specialty insurer, has relocated its New York City office to Manhattan to accommodate its expanding business and future ambitions in the US market. The new office is situated on the 42nd floor of One Grand Central Place at 60 East 42nd Street. This move signifies a significant milestone for Mosaic, which has outgrown its initial startup location in Midtown South, established in October 2021. Today, the company boasts nearly 180 employees spread across seven countries. This byline is for a different person with the same name. This byline is mine, but I want my name re ..read more

Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has surpassed $1 billion in underwriting earnings in its property and casualty (P&C) reinsurance operations during the first-quarter of 2024, up almost 160% year-on-year. With P&C reinsurance premiums written rising by nearly 3%, to $6.455 billion for the three month period, driven by net increases in new business written and increased participations and retention elsewhere. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on th ..read more