Financial and results news

  • Allstate
    News

    Analyst ups Allstate Q1 profit projections after Feb cats estimate

    2019-03-21T16:00:00Z

    KBW analyst Meyer Shields raised his Q1 earnings forecasts for Allstate after the US insurance giant reported lower-than-expected catastrophe losses for February.

  • Bermuda 1
    News

    Maiden posts $269mn Q4 loss

    2019-03-15T12:14:00Z

    Maiden s losses increased two-fold in the fourth quarter of 2018, with the carrier reporting a net loss of $269mn or $3.25 per share.

  • Swiss re
    News

    Swiss Re proposes $2bn share buy-back programme

    2019-03-14T08:32:00Z

    Reinsurance powerhouse Swiss Re is to ask shareholders to approve a public share buy-back programme of up to CHF2bn ($2bn) at its annual general meeting next month.

  • Lloyd's building
    News

    Aegis looks to grow Lloyd’s syndicate 5% in 2019

    2019-03-14T18:01:00Z

    Lloyd’s managing agency Aegis London expects to grow its Syndicate 1225 by 5 percent in 2019 despite a backdrop of difficult market conditions and the “challenging” Lloyd’s business review process.

  • Donnet-generali-i
    News

    Generali’s P&C unit grows top and bottom line in 2018

    2019-03-14T16:11:00Z

    Italian powerhouse Generali delivered an operating profit of Eur1.99bn ($2.25bn) in its property and casualty business in 2018, which was coupled with top line growth in the segment.

  • Nick Cook – BMS
    News

    BMS 2018 revenues reach £100mn milestone

    2019-03-13T09:04:00Z

    London-headquartered (re)insurance broker BMS has defied sector headwinds to post a 25 percent increase in revenues which takes its 2018 top line past the £100mn milestone for the first time.

  • J. Daniel Plants
    News

    Voce names Argo board nominees as spat continues

    2019-03-08T15:12:00Z

    Activist shareholder Voce Capital Management has revealed five nominations for Argo’s board, while saying the (re)insurer “has failed to meaningfully address a single one of the many examples of misuse of corporate assets that we painstakingly researched and chronicled”.

  • Paresh Patel – HCI
    News

    Michael sends HCI combined ratio to 122% in Q4

    2019-03-07T23:55:00Z

    Florida homeowners insurer HCI Group made a net loss of $8.5mn in the fourth quarter, compared with net income of $12.1mn in the same period of 2017.

  • Ulrich-Wallin-–-Hannover-Re
    News

    Hannover Re’s Q4 profit slumps after nat cat hit

    2019-03-07T10:25:00Z

    German reinsurance giant Hannover Re saw group net income decline 18.4 percent to Eur334.2mn in the fourth-quarter 2018 as major catastrophe losses cost the reinsurer Eur850m.

  • Bruce Lucas – Heritage
    News

    Heritage goes back to 90% FHCF participation

    2019-03-04T20:37:00Z

    Florida-based carrier Heritage has elected to increase its cat fund participation from 45 percent to the maximum level of 90 percent in a move it says could slash $3bn of private reinsurance demand if the rest of the market follows suit.