All Results articles
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NewsSkuld posts $18mn H1 profit as CR improves to 95%
Marine insurer Skuld returned to profitability in the first six months of the 2022-2023 financial year amid a benign large claims environment.
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News
Asta cements position as leading managing agency as profits surge 35% in 2021
Leading third-party managing agency Asta saw its pre-tax profit surge more than 35 percent in the year ended 31 December 2021, as the company continued to achieve its stated objective of developing new start-up syndicates at Lloyd’s.
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News
CCR Re top line grows 15% in H1
CCR Re, the open market reinsurance arm of France’s state-backed reinsurer CCR, grew its gross written premium (GWP) by 15 percent to €764mn ($768.2mn) in the first six months of 2022, as the carrier continued to expand its book both in France and internationally.
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News
Helvetia posts H1 93.6% CR following “profitable growth” in non-life business
Swiss reinsurer Helvetia reported a net combined ratio of 93.6 percent for its non-life business in the first half of 2022, compared to 94.5 percent in the prior year period.
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News
Lloyd’s posts H1 91.4% CR but falls to investment-driven £1.8bn loss
Lloyd’s delivered its strongest underwriting result since 2015 during the first half of 2022 with the market’s combined ratio improving to 91.4 percent.
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News
Aspen posts H1 CR of 88.2% as operating income doubles
Bermudian carrier Aspen has reported a 6.5 percentage point improvement in its combined ratio to 88.2 percent for the first half of 2022, with operating income jumping to $130.0mn from $66.7mn in the same period last year.
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News
R&Q hit by volatile investment markets as it falls to $136.7mn H1 loss
London-listed R&Q has fallen to a $136.7mn pre-tax loss for the first half but said its program management arm continues to outperform and reiterated its guidance of a $90mn operating profit by 2024.
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News
Santam reinsurance recoveries triggered by H1 South African floods
South African insurer Santam has reported an estimated gross exposure of R4.4bn ($257mn) to the catastrophic floods in KwaZulu-Natal (KZN) province earlier this year, part of “one of the most challenging underwriting periods in Santam’s history”.
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News
Tysers grows 8% in H1 despite reduction of business in high-risk jurisdictions
London market wholesale broker Tysers saw revenue growth of 8 percent during the first six months of 2022, according to disclosures within AUB Group’s half-year results.
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Analysis
US/Bermuda Q2 results season: winners and losers
Following our analysis of European results, The Insurer’s analytics team now turns its attention to the other side of the Atlantic to identify the top performers and underachievers among US/Bermuda carriers.
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News
AUB’s FY underlying NPAT up to A$74.0mn fuelled by organic Australian growth
AUB Group’s 2022 financial year (FY22) ended with underlying net profit after tax (NPAT) that increased 13.3 percent to A$74.0mn ($51.2mn), largely driven by organic growth in its Australian broking and agencies operations.
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News
IGI Q2 combined ratio improves 17.5 pts to 74.8%
International General Insurance Holdings (IGI) has reported an improved combined ratio of 74.8 percent for the second quarter, while gross written premiums (GWP) rose 6.2 percent to $176.4mn.
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Analysis
European Q2 results: winners and losers
With the release of Zurich’s results last Thursday, the Q2 earnings season for European (re)insurers has drawn to a close. The Insurer’s analytics team looks at the winners and losers, comparing reported figures against market expectations and also examining other health factors.
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News
Ardonagh H1 pre-tax loss of £46mn as secured debt swells to £2.7bn
The acquisitive Ardonagh Group has posted an H1 pre-tax loss of £46mn ($55.2mn) primarily because of higher finance costs as its secured debt climbed to £2.7bn.
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News
IRB Brasil Re reports R$661mn underwriting loss following Brazil drought
IRB Brasil Re has posted an underwriting loss of R$661mn ($119.4mn) for the second quarter of 2022 with its combined ratio soaring to 154.3 percent on the back of drought losses within its agriculture book.
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News
Hallmark misses in Q2 as prior year reserve development pushes CR to 169%
Hallmark Financial Services recorded a big earnings miss in Q2 2022 as its combined ratio soared 62.8 points to 169.2 percent on the back of $35.6mn of unfavorable prior year loss reserve development.
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News
Loss ratio deterioration adding to hard market conditions, says Triple-I and Milliman
A deterioration in loss ratios is expected to continue to fuel hard market conditions against a backdrop of inflation, supply chain disruptions and geopolitical risk, according to a new report by the Insurance Information Institute (Triple-I) and Milliman.
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Analysis
London specialty carriers’ H1 earnings bode well for Lloyd’s mid-year results
Most London specialty markets have unveiled improved underwriting profits and a surge in premiums for the first half of 2022. Putting aside investment losses, the performance bodes well for Lloyd’s aggregate H1 results when they are published next month…
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News
IAG sounds climate warning after cat claims double in FY22
Australian insurance giant IAG has increased its annual natural perils allowance by almost a fifth to A$909mn ($645mn) for the 2023 financial year on the back of an increased severity and frequency of extreme weather events in FY2022.
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News
Pat Ryan: Flow into E&S channel remains at “historically high levels”
Ryan Specialty chairman and CEO Pat Ryan has said the flow of business into the non-admitted channel has continued to remain at “historically high levels” and the industry remains in the “prolonged stages of a historically hard market”, as his company lifted its full-year organic revenue guidance after reporting its ...
