Reinsurance News
Results news
News on reinsurance and insurance company quarterly and annual results or reporting. Detailing news on the financial performance of insurance and reinsurance underwriting companies and brokers.
D&O insurance results improve, though premium growth stalls: Fitch
20th September 2022
According to Fitch Ratings, the U.S. Directors & Officers (D&O) insurance results in the first half of 2022 have improved, though premium growth has stalled. The D&O insurance line has experienced some of the most pronounced pricing increases over the last three years among all commercial lines, with shifts in underwriting ... Read the full article
Skuld reports positive $18m result for H1 in significant year-on-year improvement
16th September 2022
Marine insurance provider, Skuld, has reported a positive bottom-line result of $18 million for the first six months of its 2022/23 financial year, compared with negative $24.9 million from the same period last year. The company noted that the outcome was mainly driven by a positive technical result, along with a ... Read the full article
CCR Re maintains non-life profitability as GWP rises 15% in H1 2022
9th September 2022
CCR Re, the French state-owned reinsurer, has reported a 15% year-on-year rise in gross written premiums (GWP) for the first half of 2022, as the firm achieved profitable and diversified growth. The rise in premiums to €764 million compares with the €665 million recorded in the first half of 2021. At ... Read the full article
Lloyd’s falls to £1.8bn loss on investments, reserves £1.1bn for war in Ukraine
8th September 2022
The specialist Lloyd's insurance and reinsurance marketplace has today reported an overall loss of £1.8 billion for the first half of 2022, but despite reserving £1.1 billion for claims related to the war in Ukraine, the underwriting performance improved. The net loss reported today compares with profit of £1.4 billion a ... Read the full article
Aspen improves underwriting, grows reinsurance premiums
7th September 2022
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has reported improved underwriting income for the first six months of 2022, as top line growth helped to offset a moderate increase in catastrophe losses. Underwriting income for H1 amounted to $156.5 million, up from $59.4 million for the same period last year, resulting ... Read the full article
P&C reinsurers post 13% premium growth through H1: RAA
6th September 2022
New data released by The Reinsurance Association of America (RAA) shows an increase in both profitability and net premiums for US property and casualty (P&C) reinsurers through the first half of 2022. The data, collected by RAA from 17 reinsurers globally, shows that the combined ratio for the group improved marginally ... Read the full article
R&Q falls to $137m loss for H1
5th September 2022
Bermuda based insurer R&Q Insurance Holdings Ltd has reported an overall loss of $136.7 million from operations before income taxes across its business segments during the first six months of 2022, following large investment losses caused by volatile market conditions. The negative performance follows on from a loss of $45.4 million ... Read the full article
ABIR sees 21% year-over-year growth in NPW in 2021 global underwriting results
1st September 2022
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) reported a substantial 21% year-over-year increase in net premium written in 2021. ABIR’s global underwriting report, released earlier this week, comprises data from 25 of 29 member re/insurers for the calendar year of 2021. The group generated net premium written of ... Read the full article
Santam passes most of $257m flood loss to reinsurers
1st September 2022
South African insurer Santam has reported its results for the first six months of 2022, which include a gross exposure of R4.4 billion (USD 257 million) to flooding in the KwaZulu-Natal province. However, the company’s net impact from the floods was limited to R566 million (USD 33 million) thanks to its ... Read the full article
Fitch notes marginal improvement in operating earnings for North American P&C
31st August 2022
Fitch Ratings has said that the North American property/casualty (P/C) insurance GAAP results for H1 2022 showed marginal operating earnings improvement, with sharp deterioration in personal lines performance amid rising inflation and accelerating personal auto loss-cost trends that was more than offset by strong underwriting improvement across most commercial lines ... Read the full article
Bermudian reinsurers’ underwriting lacklustre over last half decade: S&P
31st August 2022
S&P Global Ratings has released a new note, saying that the underwriting performance of Bermudian re/insurers has been lacklustre over the last five year with only a few companies being profitable. However, the organisation posited that better days could be ahead after half a decade of underperformance. It said that pricing ... Read the full article
Ping An reports H1 2022 profit growth despite challenging international environment
24th August 2022
Ping An Insurance (Group) Company of China, Ltd. has announced its 2022 interim results reporting a net profit of RMB71,676 million. According to the announcement, Ping An maintained a steady development despite the complex, challenging international environment and continued impact of COVID-19 in China in the first half of 2022. It achieved ... Read the full article
Re/insurer H1 results ‘exceptionally strong’, says Gallagher Re
23rd August 2022
Gallagher Re has reported that underwriting results were "exceptionally strong" for global re/insurers across the board in H1 2022 with an average combined ratio of 94.1%, and all but three re/insurers posting a sub-100% combined ratio. The firm said that this level of profitability is broadly in line with the 93.8% ... Read the full article
Saudi Re sees dip in GWPs
22nd August 2022
Saudi Re saw a dip in gross written premiums (GWP) in H1 2022, compared to the same period in the year before. The reinsurer said that GWP over the period was SR 920m riyals. The same period in 2021 saw GWPs of SR 955m. According to the firm, the systemic volatility ... Read the full article
IGI reports strong rise in net underwriting in Q2 results
19th August 2022
International General Insurance Holdings Ltd. (IGI) has reported a net underwriting result of $40.4 million for the second quarter of 2022, a huge increase compared to $20.9 million from the prior year period. At the same time gross written premiums for the quarter were $176.4 million, representing a 6.2% growth compared ... Read the full article
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