Kevin O’Donnell – RenaissanceRe

RenRe set for Q4 operating loss after $345mn weather and Covid hit

2021-01-13T21:45:00+00:00

RenaissanceRe has warned that it expects to report an operating loss to common shareholders for the fourth quarter that includes the impact of $170mn of weather-related cat losses and a further $175mn charge for Covid-19.

Lemonade – NY apartments

Lemonade to undertake secondary offering and issue three million shares

2021-01-12T04:11:00+00:00

Lemonade expects to raise net proceeds of some $466.1mn from a secondary offering of three million shares, as the insurtech also unveiled preliminary fourth quarter 2020 results that show the renters carrier expects to post a net loss of $34mn to $37mn for the period.

GRP Global Risk Partners

GRP reports strong pipeline as earnings grow 22% in 2020

2020-12-21T09:39:00+00:00

UK broker consolidator Global Risk Partners (GRP) has reported earnings growth of 22 percent during 2020 having completed 18 acquisitions this year.

QBE

QBE shares slide 13% as forecasts $1.5bn FY20 loss

2020-12-18T08:01:03.643+00:00

Australian carrier QBE Insurance Group has projected it will record a full-year 2020 statutory net loss after tax of $1.5bn.

Metromile

Metromile revises FY20 profit and loss ratio figures after improved performance

2020-12-17T07:18:00+00:00

Metromile has revised its expected full-year profit and loss ratio figures to reflect a better underwriting performance and a lower claims frequency associated with the pandemic as it posted Q3 figures that included improvements to both its contribution profit and one-year policy retention levels.

Ince

Ince Group revenue up 6% as international offices drive growth

2020-12-01T08:49:00+00:00

Listed legal and professional services firm Ince Group plc reported a 6 percent increase in revenue and a surge in operating profit for the six months to 30 September 2020.

Kevin O’Donnell – RenaissanceRe

RenRe set for Q4 operating loss after $345mn weather and Covid hit

2021-01-13T21:45:00+00:00

RenaissanceRe has warned that it expects to report an operating loss to common shareholders for the fourth quarter that includes the impact of $170mn of weather-related cat losses and a further $175mn charge for Covid-19.

Lemonade – NY apartments

Lemonade to undertake secondary offering and issue three million shares

2021-01-12T04:11:00+00:00

Lemonade expects to raise net proceeds of some $466.1mn from a secondary offering of three million shares, as the insurtech also unveiled preliminary fourth quarter 2020 results that show the renters carrier expects to post a net loss of $34mn to $37mn for the period.

GRP Global Risk Partners

GRP reports strong pipeline as earnings grow 22% in 2020

2020-12-21T09:39:00+00:00

UK broker consolidator Global Risk Partners (GRP) has reported earnings growth of 22 percent during 2020 having completed 18 acquisitions this year.

QBE

QBE shares slide 13% as forecasts $1.5bn FY20 loss

2020-12-18T08:01:03.643+00:00

Australian carrier QBE Insurance Group has projected it will record a full-year 2020 statutory net loss after tax of $1.5bn.