All Results articles

  • Palomar Specialty
    News

    Palomar grows GWP 68% in Q4

    2020-02-18T23:27:00Z

    California-based specialty quake insurer Palomar Holdings has capped off a year of strong growth by reporting fourth quarter gross written premiums were up 68.4 percent to $73.3mn, compared to $43.5mn in the fourth quarter of 2018.

  • Pat Regan – QBE
    News

    QBE’s NA business to return underwriting profit in 2020: Regan

    2020-02-17T12:57:00Z

    QBE’s North American business should return a “more normalized” level of underwriting profit in 2020, CEO Pat Regan told analysts on Monday, despite the unit posting a loss-making combined ratio in 2019 driven by heavy cat losses impacting its US crop business.

  • QBE, Suncorp and IAG share price
    News

    QBE bucks Australian stock trend as shares rise 5% to five-year high

    2020-02-17T10:08:00Z

    Shares in ASX-listed QBE rose by 4.3 percent in the latest trading session, bucking the trend set by fellow Australian carriers IAG and Suncorp, which each saw their shares dip to a respective 52-week low last week.

  • QBE Q4 results
    News

    QBE FY profit climbs 41% despite cat hit

    2020-02-17T09:29:00Z

    Australian insurer QBE saw its after-tax net profit climb 41 percent in 2019 but trimmed its final dividend amid a surge in its natural disaster costs across Australia and the United States.

  • Peter Zaffino and Brian Duperreault AIG
    News

    AIG shares slide for second day; AIG 200 charge to come in Q1

    2020-02-14T21:48:00Z

    AIG’s share price has fallen more than 10 percent since it released its fourth quarter results as investors continue to absorb its 2020 guidance.

  • Fairfax Holdings Limited
    News

    Fairfax units poised for growth as rates accelerate: Watsa

    2020-02-14T18:33:00Z

    Fairfax Financial-owned (re)insurers Odyssey, Allied World, Crum Forster and Brit are “ready to expand” on the back of continuing rate rises, chief executive of the Toronto-headquartered holding company Prem Watsa has said.

  • Tokio Marin results
    News

    TMHCC sees North American A&H book shrink in Q3

    2020-02-14T10:25:00Z

    Tokio Marine Holdings’ speciality subsidiary Tokio Marine HCC (TMHCC) saw a decline in North American net earned premium of 2.6 percent to 277.1bn yen ($2.5bn) in the third quarter of 2019, mainly driven by a shrinkage of its accident health (A H) book.

  • Sompo results
    News

    Sompo International 9M profits jump as top line grows 13%

    2020-02-14T10:18:00Z

    Sompo International has posted a nine month adjusted profit of $277mn, a near 80 percent jump from the $154mn it reported in the prior year period.

  • MS & AD share price
    News

    MS&AD profits climb as investments push MS Amlin back into black

    2020-02-14T09:16:00Z

    Japanese carrier MS AD saw its net profits climb 54.2 percent to 269.9bn yen ($2.4bn) in the nine months ended December 2019, as strong investment returns helped push subsidiary MS Amlin back into the black.

  • Matthew Wilson – Brit
    News

    Brit returns to profit at FY19 with 95.8% CR

    2020-02-14T07:57:00Z

    Lloyd’s insurer Brit reported a return to profit in 2019, delivering a pre-tax profit of $183.0mn and an improved combined ratio of 95.8 percent.

  • Prem Watsa Fairfax Financial
    News

    Fairfax Financial UW profits up fivefold to $124mn in Q4

    2020-02-13T23:18:00Z

    Fairfax Financial’s (re)insurance operations delivered a big jump in underwriting profits in the fourth quarter that included significantly improved combined ratios at Brit and Allied World and reserve releases across the board.

  • AIG share price
    News

    AIG shares trade down amid mixed reaction to 2020 guidance

    2020-02-13T17:13:00Z

    Despite an encouraging return to profitability in the  fourth quarter , including underwriting profits in its general insurance division, shares in AIG closed down over 6 percent after it released its results.

  • Peter Zaffino AIG
    News

    AIG bought new US private client tower and combined agg deductibles at 1.1

    2020-02-13T15:55:00Z

    AIG purchased a separate occurrence tower for its US private client group at 1 January in connection with the establishment of its high net worth business-focused Lloyd’s Syndicate as it reported that the cost of its overall cat reinsurance programme reduced by 7 percent year-over-year.

  • AIG Q4 results
    News

    AIG in Q4 earnings beat as general insurance delivers full-year UW profit

    2020-02-13T12:49:00Z

    CEO Brian Duperreault’s continuing efforts to transform AIG appear to be finally bearing fruit as the carrier’s fourth quarter results saw it deliver a consensus beating operating EPS of $1.03, boosted by a return to underwriting profit in its general insurance division that was bolstered by $153mn of favourable reserve ...

  • Lancashire share price
    News

    Lancashire shares climb after strong FY results

    2020-02-13T09:31:00Z

    Shares in Lancashire Holdings were up 3.4 percent in early trading – having earlier climbed by 6 percent – as investors reacted to an impressive set of FY results, with profit before tax of $120mn “substantially stronger” than the consensus of $76mn, according to Nick Johnson of Numis.

  • Lancashire Q4 results
    News

    Lancashire beats consensus with FY CR of 80.9% as cat bill halves

    2020-02-13T08:04:00Z

    London-listed Lancashire has reported a strong 2019 pre-tax profit of $119.5mn, up from the $33.6mn it reported the previous year, as the carrier slashed its cat bill in half and best analysts’ expectations in the process.

  • Mario Greco Zurich share price
    News

    Zurich posts “in line” 2019 earnings with P&C combined ratio 96.4 percent

    2020-02-13T07:27:00Z

    Europe’s fifth largest insurance company Zurich said 2019 business operating profits climbed 16 percent with CEO Mario Greco praising the company’s “amazing journey” as it met its 2016-2019 financial targets.

  • Marc Grandisson Arch Capital
    News

    Further rate increases needed: Arch’s Grandisson

    2020-02-12T19:11:00Z

    Arch Capital’s president and CEO Marc Grandisson believes the industry still needs further rate increases but said E S and facultative reinsurance are showing particularly positive movement.

  • Mapfre share price
    News

    Mapfre profits from life but cats dent P&C reinsurance

    2020-02-12T12:07:00Z

    Madrid-headquartered (re)insurer Mapfre saw its group net profit climb 15.2 percent in 2019 to beat analysts’ expectations despite deteriorating results in its core reinsurance and special risks division.

  • Arch share price
    News

    Arch expected to trade up as Q4 results beat

    2020-02-12T07:50:00Z

    Shares in Arch Capital Group are expected to trade up on Wednesday after the Bermudian carrier reported a consensus beating fourth quarter net operating income per share of $0.74, significantly lower catastrophe losses in its P C operations and a circa 25 percent jump in insurance GWP.