Scor Q3 results

Scor reports net loss of €41mn in Q3 as P&C combined ratio rises to 112%

2021-10-27T06:22:00+01:00

Scor Global P&C saw its combined ratio rise to 112 percent for the third quarter of 2021 after the French reinsurer booked a total net impact of €343mn ($398mn) for Hurricane Ida and July’s European floods.

Chubb Q3 results

Chubb improves combined ratio in record Q3 UW result despite $1.15bn cat bill

2021-10-26T21:08:00+01:00

Chubb shook off $1.15bn of pre-tax catastrophe losses to report a 27.5 percent increase in Q3 core operating income to $1.16bn to comfortably beat analysts’ consensus estimates as it also shaved 180 basis points from its P&C combined ratio.

Kevin O’Donnell – RenaissanceRe

RenRe CEO: Demand-supply imbalance could drive double-digit property cat increases at 1.1

2021-10-26T16:52:00+01:00

RenaissanceRe CEO Kevin O’Donnell has said he expects to see rate increases on property cat reinsurance in the double-digit range at 1 January as demand increases from buyers and supply is impacted by a squeeze on retro capacity.

James River Q3 results

James River set for Q3 loss on cats, LPT and casualty reinsurance reserve charge

2021-10-26T13:27:00+01:00

James River has preannounced a third quarter adjusted net operating loss of between $25.5mn and $28.5mn and a combined ratio in the 120-125 percent range that was impacted by adverse development in casualty reinsurance, cat losses and an expected loss portfolio transfer charge relating to its discontinued Uber book.

IM-JamesRiver-Bermuda

JMP: Casualty Re now the ‘elephant in the room’ for James River as stock dives 16%

2021-10-26T21:54:00+01:00

James River needs to find a long-term solution to halt adverse development on its casualty reinsurance book after a profit warning today sent its share price sliding by more than 16 percent, according to JMP Securities analyst Matt Carletti.

Brown & Brown

Brown & Brown: FL and CA personal lines created wholesale headwinds

2021-10-26T14:19:00+01:00

Brown & Brown has attributed the drop in organic growth at its wholesale division in an otherwise strong third quarter to headwinds from challenging market conditions for its binding authority business in Florida and California.

Scor Q3 results

Scor reports net loss of €41mn in Q3 as P&C combined ratio rises to 112%

2021-10-27T06:22:00+01:00

Scor Global P&C saw its combined ratio rise to 112 percent for the third quarter of 2021 after the French reinsurer booked a total net impact of €343mn ($398mn) for Hurricane Ida and July’s European floods.

Chubb Q3 results

Chubb improves combined ratio in record Q3 UW result despite $1.15bn cat bill

2021-10-26T21:08:00+01:00

Chubb shook off $1.15bn of pre-tax catastrophe losses to report a 27.5 percent increase in Q3 core operating income to $1.16bn to comfortably beat analysts’ consensus estimates as it also shaved 180 basis points from its P&C combined ratio.

Kevin O’Donnell – RenaissanceRe

RenRe CEO: Demand-supply imbalance could drive double-digit property cat increases at 1.1

2021-10-26T16:52:00+01:00

RenaissanceRe CEO Kevin O’Donnell has said he expects to see rate increases on property cat reinsurance in the double-digit range at 1 January as demand increases from buyers and supply is impacted by a squeeze on retro capacity.

James River Q3 results

James River set for Q3 loss on cats, LPT and casualty reinsurance reserve charge

2021-10-26T13:27:00+01:00

James River has preannounced a third quarter adjusted net operating loss of between $25.5mn and $28.5mn and a combined ratio in the 120-125 percent range that was impacted by adverse development in casualty reinsurance, cat losses and an expected loss portfolio transfer charge relating to its discontinued Uber book.