RLI office

RLI beats as reserve releases help underwriting profits rise

2019-10-16T20:48:00+01:00

Early third quarter reporter RLI Corp unveiled operating earnings of $25.9mn that were up 25 percent on the $20.8mn generated in the same period last year.

Brian Marsh – BPM

BP Marsh shares climb 8% on back of insurance investment growth

2019-10-15T12:10:00+01:00

Shares in financial services investment firm BP Marsh & Partners were trading up over 8 percent on Tuesday after the firm reported a profit after tax of £5.6mn ($7.0mn) and a 4 percent increase in the equity value of its portfolio for the six months ended 31 July 2019.

Greg Williams acrisure

Acrisure revenues surged 30% to $1.4bn in 12M to 30 June

2019-10-11T08:10:00+01:00

Rapid growing broker consolidator Acrisure generated revenue of $1.4bn for the 12 months through June 2019, representing a 30 percent growth rate, as it delivered a strong Ebitda margin near 35 percent.

Sofie Quidenus – Omni Us

Omni:us awarded Eur1.6mn to develop AI claims solution

2019-09-26T08:24:00+01:00

Insurance-focussed artificial intelligence (AI) provider Omni:us has been awarded Eur1.6mn ($1.75mn) from the European Commission to help it further develop its machine learning-powered insurance claims platform.

Lloyd's Full underwriting room

Property and energy only lines to turn H1 underwriting profit at Lloyd's

2019-09-18T10:26:00+01:00

Only two of the eight businesses at Lloyd’s were profitable in the first half of 2019, pushing the corporation to an underwriting loss of £86mn, compared to a profit of £308mn in H1 2018.

John-Neal-Lloyd's-new

Lloyd’s H1 profits climb to £2.3bn on investments; combined ratio slips to 98.8%

2019-09-18T06:43:00+01:00

Lloyd’s of London has reported a pre-tax profit of £2.3bn for the first six months of the year – a marked improvement on the £0.6bn it posted in the same period last year – as the market continues its turnaround programme. 

RLI office

RLI beats as reserve releases help underwriting profits rise

2019-10-16T20:48:00+01:00

Early third quarter reporter RLI Corp unveiled operating earnings of $25.9mn that were up 25 percent on the $20.8mn generated in the same period last year.

Brian Marsh – BPM

BP Marsh shares climb 8% on back of insurance investment growth

2019-10-15T12:10:00+01:00

Shares in financial services investment firm BP Marsh & Partners were trading up over 8 percent on Tuesday after the firm reported a profit after tax of £5.6mn ($7.0mn) and a 4 percent increase in the equity value of its portfolio for the six months ended 31 July 2019.

Lloyd's Full underwriting room

Property and energy only lines to turn H1 underwriting profit at Lloyd's

2019-09-18T10:26:00+01:00

Only two of the eight businesses at Lloyd’s were profitable in the first half of 2019, pushing the corporation to an underwriting loss of £86mn, compared to a profit of £308mn in H1 2018.

John-Neal-Lloyd's-new

Lloyd’s H1 profits climb to £2.3bn on investments; combined ratio slips to 98.8%

2019-09-18T06:43:00+01:00

Lloyd’s of London has reported a pre-tax profit of £2.3bn for the first six months of the year – a marked improvement on the £0.6bn it posted in the same period last year – as the market continues its turnaround programme. 

R&Q share price

R&Q confirms ILS support for legacy deals as share price leaps

2019-09-07T20:39:00+01:00

Speaking on the day that R&Q posted its H1 results, the founder of legacy and program specialist R&Q Ken Randall confirmed the group was using ILS capacity to support legacy acquisitions