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News
Global insurer Allianz reports record second-quarter earnings with €4.9 billion operating profit
12+ hour, 57+ min ago (322+ words) German insurance and asset management giant Allianz posted a record second-quarter operating profit of €4.9 billion on August 7, 2026, marking a 10.6 percent increase compared to the same period last year, as strong performance across its insurance and investment divisions offset softer conditions…...
McKinsey report finds AI could reshape insurance economics, potentially ending 20 years of flat profitability despite steady premium growth
2+ week, 1+ day ago (761+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
KKR joins consortium bidding $7.7B for Australian insurance broker Steadfast
3+ week, 12+ hour ago (442+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Consumer advocacy group says Uber largely self-insures through subsidiary while claiming insurance costs are high
1+ mon, 1+ week ago (609+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
U.S. commercial insurance rates increased 2.5% in the first quarter of 2026, marking the third consecutive quarter of moderating price growth
1+ mon, 3+ week ago (471+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
US insurance giants Amwins and Dragoneer bid $5.4 billion to acquire Australian broker Steadfast Group
1+ mon, 3+ week ago (371+ words) Amwins Group and Dragoneer Investment Group have offered to acquire Australia’s Steadfast Group for $5.4 billion, marking a significant consolidation in the insurance sector. The consortium tabled a conditional, non-binding offer of A$6 per share, valuing the company at A$7.7 billion and…...
Major insurance firms announce leadership changes and new business lines as commercial rate increases slow to 2.5% in first quarter
1+ mon, 3+ week ago (673+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Insurance reinsurance rates fall faster at June renewals, down to 25% on loss-free programs
2+ mon, 3+ day ago (552+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...