Financial and results news

  • Argo
    News

    Argo forecasts $32mn Q4 nat cat bill

    2019-01-18T08:05:00Z

    Bermudian carrier Argo expects its fourth quarter 2018 results to be hit by pre-tax catastrophe losses of $32mn, primarily related to Hurricane Michael and the California Wildfires.

  • BB&B Q4 results
    News

    McGriff, CRC 4Q revenues leap to record $487mn

    2019-01-17T13:43:00Z

    North Carolina-headquartered financial services group BB T said broking revenues in its insurance holdings arm climbed to a “record” $487mn in the fourth quarter 2018.

  • JLT-Re-global-prop-cat-index-dips-1.2-percent-1.1-i
    News

    P&C insurers report $4.7bn underwriting gain over 2018

    2019-01-16T17:01:00Z

    Private US property and casualty insurers reported a $4.7bn net underwriting gain in the nine-months to September 2018, a sharp turnaround from a $21bn underwriting loss a year earlier, according to Verisk.

  • David-Howden-Hyperion
    News

    Hyperion earnings up 19 percent at full year

    2019-01-10T11:14:00Z

    Hyperion - which owns Howden, RKH and Dual - saw profits climb by 19 percent to £181mn ($231mn) in the 12 months leading up to the end of September last year.

  • motor
    News

    Motor pricing and claims costs lead to Direct Line earnings pressure in 2019

    2019-01-10T09:38:00Z

    Direct Line Group faces margin compression over 2019 as weak motor pricing and increased claims costs in 2018 point to challenging conditions for the insurer, according to Numis Securities.

  • Dan Glaser
    News

    MMC issues $5bn debt to finance JLT deal

    2019-01-09T09:15:00Z

    MMC will shortly issue $5bn of senior debt that will ensure the New York-headquartered firm doesn’t require a more expensive bridging loan to fund its $5.6bn JLT acquisition.

  • UPC 6 month share price IM
    News

    UPC extends QS deal and renews aggregate cover

    2019-01-07T17:02:00Z

    Florida-based United Insurance Holdings (UPC Insurance) has extended its quota share deal with Munich Re, TransRe and Gen Re for five months and renewed other treaties outside its core 1 June-incepting cat excess-of-loss cover.

  • JLT-Re-global-prop-cat-index-dips-1.2-percent-1.1-i
    News

    JLT Re global cat index dips 1.2 percent at 1.1

    2019-01-02T08:32:00Z

    Average global property cat reinsurance rates tracked by JLT Re actually fell by 1.2 percent at 1.1 despite the industry’s $80bn+ of 2018 losses.

  • Albert-Benchimol
    News

    Benchimol to remain at Axis until 2023

    2018-12-12T08:51:00Z

    Axis has extended the contract of its CEO Albert Benchimol by a further five years, with the exec now set to remain at the helm of the Bermudian carrier until the end of 2023.

  • Ken-Randall
    News

    Numis adds £15mn to R&Q FY19 estimate

    2018-12-12T10:56:00Z

    Numis Securities has upped its profit estimate for R Q’s full year 2019 results by £15mn after the London-listed firm confirmed its largest ever legacy acquisition will now complete later than anticipated.