Financial and results news

  • Allstate

    Analyst ups Allstate Q1 profit projections after Feb cats estimate


    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

    Maiden posts $269mn Q4 loss


    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

    Swiss Re proposes $2bn share buy-back programme


    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

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


    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

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


    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

    BMS 2018 revenues reach £100mn milestone


    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

    Voce names Argo board nominees as spat continues


    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

    Michael sends HCI combined ratio to 122% in Q4


    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

    Hannover Re’s Q4 profit slumps after nat cat hit


    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

    Heritage goes back to 90% FHCF participation


    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.