NewsResultsLloyd’s: US banking exposure will not impact investment outlook for 2023Lloyd’s exposure to the ongoing Credit Suisse fallout is not materially significant, chief financial officer Burkhard Keese has said, with the executive providing fresh details on the Corporation’s overall exposure to the banking sector.
AnalysisResultsLloyd’s specialty reinsurance sees profits dip in 2022The Lloyd’s specialty reinsurance segment saw underwriting profits fall by more than 80 percent in 2022 as performance was negatively impacted by the conflict in Ukraine.
NewsResultsDirect Line admits to being too “optimistic” about inflation hitDirect Line Group’s acting CEO Jon Greenwood has admitted the UK insurer was too “optimistic” about the impact of inflation on its operations and had failed to react quickly enough with premium increases, as it reported a collapse in annual operating profits after what it called “a tough year”.Tue 14 Mar 2023
NewsResultsGenerali reports CR of 93.2% for FY22 as P&C segment supports premium growthItalian insurer Generali has reported a combined ratio of 93.2 percent for 2022, marking a year-on-year deterioration of 2.4 percentage points due to increases in both its loss ratio and expense ratio.Tue 14 Mar 2023
NewsResultsDirect Line swings to FY 2022 loss as claims inflation bitesDirect Line Group saw its combined ratio deteriorate by 16.3 percentage points to 105.8 percent in 2022 as a combination of heightened claims inflation and larger-than-expected weather-related losses sent profits tumbling.Mon 13 Mar 2023
NewsHomeowners insuranceUPC optimistic commercial lines will drive 2023 profitability after Ian devastated HO business
NewsPeople Moves1783 Group appoints former Markel International divisional managing director Leach as partner