Admiral's profit almost halves in H1 amid high inflation

The UK motor insurer's CEO said it continues "to reserve for an uncertain outlook"


Strong PRT demand boosts Legal & General's H1 profit

CEO Nigel Wilson said the insurer is well positioned for a tough economic environment


Munich Re boosts reserves for Ukraine war but warns more may be needed

The reduction of Covid-19 losses on a quarterly basis is a positive, added the reinsurer


Suncorp's inflation-fighting measures pay off

Claims inflation in some lines is running at just 1% to 2%, says the Australian insurer's CEO


Inflated claims hit Geico to the tune of $487m in Q2

Berkshire Hathaway's auto insurer highlighted significant cost inflation in automobile markets


"Band-aid solutions" will not address climate change, warns Suncorp CEO

Steve Johnston made the comment as the insurer released its full-year results


Hannover Re hit by major P&C losses in H1

The reinsurer said pandemic-related expenditure is falling as expected


Allianz non-life claims inflation running at about 6%, says CFO

Guilio Terzariol warns of "double digit" rate hikes in some countries in H2


Hedge fund hit prompts $278m H1 loss for SiriusPoint

Losses from catastrophes and the Ukraine conflict were also cited


IFRS 17: still waiting for disclosures

The IFRS 17 accounting standard is due to be implemented in five months' time, but many insurers are leaving it until the eleventh hour to reveal what impact the transition will have on their financial metrics. Christopher Cundy and Paul Walsh report