UAE: IHC launches Abu Dhabi-based global reinsurance platform with BlackRock

Published on May 1, 2025
This new company, yet to be named, will provide critical underwriting capabilities, underpinned by cutting-edge AI technologies, to help accelerate growth of the insurance and capital market
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Allstate posts 97.4% CoR for Q1’25 as record gross cat losses offset by $1.1bn of reinsurance recoveries

May 1, 2025
The Allstate Corporation, a publicly held personal lines insurers in the United States, reported first quarter 2025 financial results reflecting a solid underwriting result and disciplined risk management, even in the face of severe weather events.The company led with robust performance in underwriting, reporting a Property-Liability underlying combined ratio of 83.1%—an improvement of 3.8 points

The Hanover’s Q1’25 net income and CoR see improvement amid significant cat activity

May 1, 2025
The Hanover Insurance Group has announced its financial results for the first quarter of 2025, reporting a net income of $128.2 million, catastrophe losses of $95.6 million, and a combined ratio of 94.1%.This year’s Q1 net income compares to the $115.5 million reported in the same period last year, which also saw a combined ratio of 95.5%.Q1 2025 operating income stood at $141.8 million, compared