Lloyd's H1 results

Lloyd’s £2.4bn Covid-19 hit drags market to £438mn H1 loss; CR 110.4%

2020-09-10T06:36:00+01:00

Lloyd’s has fallen to a £438mn ($570.7mn) loss in the first half of the year, driven by £2.4bn in net losses related to the Covid-19 pandemic.

CCR Re

CCR Re top line grows 23 percent in H1

2020-09-09T07:26:00+01:00

CCR Re, the open market reinsurance arm of French state-backed CCR, booked Eur545mn ($641mn) in premium income in the first half of 2020, up 23 percent year-on-year and revealed it has set aside claims reserves of Eur47mn related to the impact of Covid-19.

Aspen H1 results

Aspen books $187mn H1 Covid hit but underlying picture more positive

2020-09-04T12:08:00+01:00

Bermudian carrier Aspen has reported a H1 operating loss after tax of $48.2mn – compared to the profit of $101.8mn it reported in the same period last year – as the carrier suffered losses of $187.3mn related to Covid-19 in the reporting period.

Peter Blanc – Aston lark

Goldman Sachs-backed Aston Lark reports 3.4% organic growth

2020-09-01T10:59:00+01:00

Aston Lark, the acquisitive UK broker backed by Goldman Sachs, reported organic commission and fee growth of 3.4 percent for 2019 in its first set of year-end financials since the bank’s PE arm took a majority stake in the firm in September last year.

IRB Brasil RE

Higher claims and forex shifts push IRB to H1 2020 loss

2020-08-31T08:09:00+01:00

A higher-than-normal level of claims and the Brazilian Real’s devaluation against the US dollar combined to leave IRB Brasil Re with a net loss of BRL671.2mn ($124.5mn) for 2020’s second quarter, as the company continues to implement plans to restore confidence after this year’s accounting scandals.

Peak Re – Hong Kong

Peak Re sees H1 net profit increase 93% YoY

2020-08-29T00:08:00+01:00

Peak Re’s net profit for the first half of 2020 almost doubled year on year to $26.1mn, while the reinsurer also enjoyed a “stable” period of premium growth which came about despite the impact of Covid-19.

Lloyd's H1 results

Lloyd’s £2.4bn Covid-19 hit drags market to £438mn H1 loss; CR 110.4%

2020-09-10T06:36:00+01:00

Lloyd’s has fallen to a £438mn ($570.7mn) loss in the first half of the year, driven by £2.4bn in net losses related to the Covid-19 pandemic.

CCR Re

CCR Re top line grows 23 percent in H1

2020-09-09T07:26:00+01:00

CCR Re, the open market reinsurance arm of French state-backed CCR, booked Eur545mn ($641mn) in premium income in the first half of 2020, up 23 percent year-on-year and revealed it has set aside claims reserves of Eur47mn related to the impact of Covid-19.

Aspen H1 results

Aspen books $187mn H1 Covid hit but underlying picture more positive

2020-09-04T12:08:00+01:00

Bermudian carrier Aspen has reported a H1 operating loss after tax of $48.2mn – compared to the profit of $101.8mn it reported in the same period last year – as the carrier suffered losses of $187.3mn related to Covid-19 in the reporting period.

Peter Blanc – Aston lark

Goldman Sachs-backed Aston Lark reports 3.4% organic growth

2020-09-01T10:59:00+01:00

Aston Lark, the acquisitive UK broker backed by Goldman Sachs, reported organic commission and fee growth of 3.4 percent for 2019 in its first set of year-end financials since the bank’s PE arm took a majority stake in the firm in September last year.