Australia: Insurance giant IAG posts 8% rise in net profit to over US$600m for FYE June 2024

Published on August 1, 2024
IAG, the biggest non-life insurer in Australia and New Zealand, has announced its results for the financial year ended 30 June 2024, reporting a net profit after tax (NPAT) of A$898m ($605.3m), an
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Joe Boren to chair Mosaic Insurance’s new advisory board

August 1, 2024
Global specialty insurer Mosaic Insurance has named Joe Boren as Chair of a new advisory board to drive strategic growth, especially across North America.Boren’s remit will be helping the firm identify other key industry individuals to build out the new advisory group, mandated to focus on market engagement, innovation, strategy, and thought leadership.He is an industry veteran with five decades o

Corebridge Financial sees $353m net income in Q2 2024

August 1, 2024
Corebridge Financial, an American multinational financial services company, reported a net income of $365 million for the second quarter of 2024, down from $771 million in the same quarter last year.The firm attributed this change primarily to higher net realised losses stemming from asset optimisation activities.The company also reported an adjusted pre-tax operating income (APTOI) of $859 millio