marine cargohull small

American Club swings to $5.5mn loss in 2018

2019-06-21T13:36:00+01:00

International Group member American Club booked a net loss of $5.5mn for the year ended 31 December 2018, after turning a profit of $5.7mn the prior year, as the insurer saw claims swell in what was a challenging year.

Kemper

Kemper plans to raise $129mn in public offering

2019-06-05T11:36:00+01:00

Chicago -based insurer Kemper has issued a public offering of 1,350,000 shares of its common stock, aiming to raise up to $129mn to redeem subordinated debt.

CCR Re and S&P

CCR Re receives positive outlook boost by S&P

2019-05-28T07:50:00+01:00

CCR Re, the open market reinsurance arm of French state-owned carrier Caise Centrale de Réassurance (CCR), has been awarded with a positive outlook on its A- financial strength rating by S&P.

Lockton logo

Lockton generates 11% organic growth in the US

2019-05-23T02:39:00+01:00

Lockton reported strong organic growth in the US and internationally for the fiscal year ending 30 April 2019 and said the move to build out its reinsurance platform will provide further fuel for top line expansion.

AM Best – USA flag

US P&C insurers’ operating income up 16% in Q1: AM Best

2019-05-22T13:52:00+01:00

A $1.4bn increase in net investment income and a $1bn increase in underwriting income boosted the US property casualty industry pre-tax operating income by 16.2 percent to $17.8bn in the first quarter, AM Best has revealed.

Amlin edit aguri punta del este e prix 2014 04

MS Amlin losses narrow in 2018

2019-05-20T11:01:00+01:00

MS Amlin – a subsidiary of Japanese giant MS&AD – has posted a net loss after-tax of £94mn ($119.9mn) for the 2018 calendar year, down from the loss of £760mn it posted in 2017.

marine cargohull small

American Club swings to $5.5mn loss in 2018

2019-06-21T13:36:00+01:00

International Group member American Club booked a net loss of $5.5mn for the year ended 31 December 2018, after turning a profit of $5.7mn the prior year, as the insurer saw claims swell in what was a challenging year.

Lockton logo

Lockton generates 11% organic growth in the US

2019-05-23T02:39:00+01:00

Lockton reported strong organic growth in the US and internationally for the fiscal year ending 30 April 2019 and said the move to build out its reinsurance platform will provide further fuel for top line expansion.

AM Best – USA flag

US P&C insurers’ operating income up 16% in Q1: AM Best

2019-05-22T13:52:00+01:00

A $1.4bn increase in net investment income and a $1bn increase in underwriting income boosted the US property casualty industry pre-tax operating income by 16.2 percent to $17.8bn in the first quarter, AM Best has revealed.

Amlin edit aguri punta del este e prix 2014 04

MS Amlin losses narrow in 2018

2019-05-20T11:01:00+01:00

MS Amlin – a subsidiary of Japanese giant MS&AD – has posted a net loss after-tax of £94mn ($119.9mn) for the 2018 calendar year, down from the loss of £760mn it posted in 2017.

Tokio Marine logo

Tokio Marine international profit climbs 30%; reinsurance returns to black

2019-05-20T09:47:00+01:00

Japanese giant Tokio Marine Holdings has reported a 30 percent boost in profit within its international business arm  – which includes Tokio Marine HCC, Tokio Marine Kiln and the carrier’s reinsurance operation – to 187.8bn yen ($1.7bn) for the 12 months ending 31 March 2019.