Financial and results news

  • Lockton logo
    News

    Lockton generates 11% organic growth in the US

    2019-05-23T02:39:00Z

    Lockton reported strong organic growth in the US and internationally for the fiscal year ending 30 April 2019 and said the move to build out its reinsurance platform will provide further fuel for top line expansion.

  • AM Best – USA flag
    News

    US P&C insurers’ operating income up 16% in Q1: AM Best

    2019-05-22T13:52:00Z

    A $1.4bn increase in net investment income and a $1bn increase in underwriting income boosted the US property casualty industry pre-tax operating income by 16.2 percent to $17.8bn in the first quarter, AM Best has revealed.

  • Amlin edit aguri punta del este e prix 2014 04
    News

    MS Amlin losses narrow in 2018

    2019-05-20T11:01:00Z

    MS Amlin – a subsidiary of Japanese giant MS AD – has posted a net loss after-tax of £94mn ($119.9mn) for the 2018 calendar year, down from the loss of £760mn it posted in 2017.

  • Tokio Marine logo
    News

    Tokio Marine international profit climbs 30%; reinsurance returns to black

    2019-05-20T09:47:00Z

    Japanese giant Tokio Marine Holdings has reported a 30 percent boost in profit within its international business arm  – which includes Tokio Marine HCC, Tokio Marine Kiln and the carrier’s reinsurance operation – to 187.8bn yen ($1.7bn) for the 12 months ending 31 March 2019.

  • Sompo
    News

    Sompo International 2018 profits slump; returns to u/w profit

    2019-05-20T08:59:00Z

    Sompo International reported a 2018 adjusted profit of $177mn in the 12 months to 31 March, with the carrier shedding two thirds off the profit of $511mn it posted in the 2017 financial year.

  • Palomar Specialty
    News

    Palomar debuts with increased underlying income

    2019-05-17T15:34:00Z

    Analysts have reacted positively to Palomar Holdings’ first quarterly results as a public company as the quake specialist reported a 58 percent increase in underlying profit and a similar uplift in gross written premium (GWP).

  • Cristiano Borean – Generali
    News

    Generali profits up 6.9% in Q1

    2019-05-16T10:21:00Z

    Italian insurance giant Generali witnessed a surge in profit in the first quarter, reporting an operating result at group level that increased 6.9 percent to Eur1.3bn ($1.46bn).

  • Dusseldorf
    News

    Deutsche Rück 2018 profits triple in 2018 as underwriting losses narrow

    2019-05-16T16:52:00Z

    German reinsurer Deutsche Rückversicherung AG has reported an operating result before tax of Eur78.2mn ($87.4mn) in 2018, more than triple the Eur24mn it reported in 2017.

  • Emmanuel Clarke
    News

    PartnerRe posts 97.7% CR despite specialty underwriting loss

    2019-05-15T18:04:00Z

    PartnerRe has reported a combined ratio of 97.7 percent for the first quarter – up from 95.2 percent in Q1 2018 – despite mid-size losses and reserve development pushing the specialty combined ratio to 116.0 percent.

  • Marine, container ship
    News

    Gard sinks to $53mn loss in 2018

    2019-05-15T10:31:00Z

    Despite reporting a $27mn profit at the half-year mark, the largest of the P I clubs made a loss of $53mn in 2018 – compared to an after-tax annual profit of $193m in the previous year.