European insurers are capping riot cover limits and raising deductibles as protests spread from France, with Morningstar DBRS putting October’s insured losses at up to €1.2 billion.
Goosehead Insurance will restate financial statements for 2023 to mid-2026 after an SEC review, while preliminary figures show third-quarter revenue up about 17%.
AIG beat third-quarter profit estimates as a 7% rise in premiums and a 42.5% jump in investment income offset higher storm-related catastrophe losses.
Hiscox reported a 9.5% rise in nine-month written premiums to $4.44 billion, as accelerating retail growth offset softer pricing in reinsurance and London Market specialty lines.
Kimberly-Clark made headlines on Wednesday with its announcement of a comprehensive reorganization aimed at optimizing operations and reducing costs. The Irving, Texas-based consumer goods powerhouse
Tesla shares (TSLA.O) experienced a decline of approximately 2% on Wednesday following a downgrade from Wells Fargo, which raised concerns about the diminishing impact of
Italian shipbuilder Fincantieri is reportedly in discussions with defense group Leonardo to acquire its submarine unit, Whitehead Alenia Sistemi Subacquei (Wass), a move that has
Spanish power utility Endesa (ELE.MC) reported a significant decrease in its net profit for 2023, falling short of analyst expectations by 71%. The decline was
The German government is actively considering the nationalization of Rosneft’s assets in Germany, including its majority stake in the Schwedt refinery, as part of its
Saga, the British holiday and insurance group catering to the over-50s demographic, is forecasting a significant annual profit increase, expecting a doubling in earnings. The
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