All Results articles
-
NewsWhite Mountains’ operating income soars in second quarter
White Mountains has posted $132.7mn of operating income for the second quarter of 2020, with its specialty insurance distribution division enjoying a 15.1 percent increase in revenues compared with the prior year period.
-
News
MS Amlin posts Q1 107.9% CR as books £84mn Covid-19 hit
MS AD-owned MS Amlin fell into the red in the most recent quarter, reporting a net loss after tax of £136mn ($178.1mn) – compared to a profit of £24mn – with the Lloyd’s carrier incurring £84mn of Covid-19 related losses in the three month period.
-
News
Tokio Marine HCC posts near double-digit premium growth in Q1
Tokio Marine grew net written premiums 1.6 percent year-on-year in its international businesses during the first quarter of its financial year, driven by growth of close to 10 percent at Tokio Marine HCC.
-
News
Sompo International posts Q1 CR of 95.4%; Group takes $47mn Covid hit
The adjusted profit for Sompo International slipped nearly a third in the most recent quarter, standing at $49mn compared to $82mn in the same period last year.
-
News
IAG H2 U/W profit down 60%; adds new cat and stop loss covers
Insurance Australia Group (IAG) has reported a H2 underwriting profit of A$176mn ($127mn), a near 60 percent fall from the A$420mn it reported in the same period last year.
-
News
Third Point Re points to business mix shift for Q2 CR improvement
Third Point Re has reported a combined ratio that improved by 2.8 points year on year and an underwriting profit of $2.4mn in the second quarter, with the reinsurer continuing to see the benefits from its drive to shift its business mix.
-
News
HCI gross premiums grow 29% in Q2
HCI Group has reported its gross written premiums increased to $172mn in the second quarter from $133mn in the prior period, while its percentage of premiums earned that was ceded dropped.
-
News
TMK Syndicate 510 loss forecasts rise due to Covid-19 deterioration
Tokio Marine Kiln (TMK) has seen a deterioration of more than three percentage points in its latest forecasts for Syndicate 510 on the back of deterioration in Covid-19 claims estimates.
-
News
Axa XL underlying trends ‘very positive’ despite CR miss
Axa XL’s underlying performance remains in line with its full-year earnings target of Eur1.2bn, parent company Axa has revealed, with the division set to “pick and choose” its growth opportunities in the US and Europe as it aims to capitalise on improving market conditions.
-
News
Munich Re P&C profits halve as division H1 loss bill hits Eur1.4bn
Munich Re reported a second quarter net result of Eur348mn in its P C Reinsurance division – less than halve the Eur704mn the unit contributed to the group result in the same period last year.
-
News
Axa share price dips after CR rises 16.9 points in Axa XL division
Axa has seen its share price dip 3.6 percent in early morning trading after reporting a group combined ratio of 101.7 percent for the first half of 2020.
-
News
FedNat Q2 CR soars as severe weather takes its toll
FedNat Holding’s combined ratio soared to 147.9 percent in 2020’s second quarter and the carrier ended the period with an adjusted operating loss of $28.1mn after being hit by severe weather events in Florida and the Southeast US.
-
News
Liberty Mutual takes $529mn Covid-19 charge and slides to Q2 operating loss
Liberty Mutual fell to a $327mn operating loss for the second quarter that included incurred Covid-19 losses of $529mn, half of which related to event cancellation.
-
News
Covid-19 losses push Greenlight Re Q2 combined ratio over 100%
Losses related to Covid-19 contributed 5.5 percentage points to Greenlight Re’s 101.2 percent combined ratio in the second quarter, while the reinsurer’s gross written premiums fell 24 percent.
-
News
UPC Q2 CR drops 8.8 points as company focuses on U/W profit
United Insurance Holdings’ (UPC) second quarter 2020 underlying combined ratio shed 8.8 points year on year despite it being an active period for non-named catastrophes as the company continues to focus on what it called its “top strategic priority” of earning an underwriting profit.
-
News
Everest Re highlights “excellent” fac opportunities as Q2 earnings beat
Everest Re has identified strong momentum in facultative and property reinsurance as well as E S insurance, while reporting after-tax operating income for the second quarter of $82.9mn, down from $320.0mn in the prior period.
-
Analysis
Hiscox now puts focus on specialty and reinsurance as “big ticket” rate hardening accelerates
Hiscox plc plans to deploy additional capital in the London market as it takes advantage of the improving pricing environment in many specialty and reinsurance classes.
-
News
Hannover Re falls to Eur161mn U/W P&C loss as H1 Covid losses climb to Eur600mn
Talanx-owned Hannover Re has fallen to a P C underwriting loss of $160.7mn – compared to a profit of Eur195.9mn in the same period last year – as Covid-19 related exposures climbed to Eu600mn in the six month period.
-
News
Allianz beats consensus while Covid-19 costs P&C Eur800mn in H1
Europe’s second largest insurer Allianz beat Q2 earnings expectations this morning while rate rises in property, liability and financial lines classes helped Allianz Global Corporate Specialty (AGCS) grow its total revenue by 12.1 percent to Eur5.5bn during the first half of the year.
-
News
Alleghany reports $40mn Covid-driven underwriting loss
Alleghany swung from a $115mn underwriting profit in the prior-year period to a deficit of $40mn in the second quarter including the impact of $135mn of Covid-19 losses primarily driven by TransRe, including additional event cancellation losses and an estimate for international business interruption claims.
