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.
AXIS reports improved underwriting performance as CR strengthens
28th July 2021
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has announced a rise in net income for the second-quarter and first-half of 2021, to $228 million and $344 million, respectively. Supporting this growth in net income, the carrier has reported an improved underwriting performance across both its insurance and reinsurance operations for ... Read the full article
Lancashire Holdings reports GWP of $697.2m for H1
28th July 2021
Lancashire Holdings Limited has reported its Gross written premiums (GWP) increased by 40.7% year on year to $697.2 million for the first half of 2021. The increased GWP was driven by new business and rate increases within the property catastrophe and property retrocession classes of business. The insurer also reported a profitable ... Read the full article
The Hanover reports higher Q2 net income of $128.5mn
28th July 2021
The Hanover Insurance Group has reported a net income of $128.5 million for Q2 2021, compared to $115.2 million for the prior year period. Its operating income came in at $104 million, compared to $62.7 million last year. The insurer claims that the difference between its net and operating income was primarily ... Read the full article
Chubb’s Q2 net income improves significantly to $2.27bn
28th July 2021
Global insurance carrier Chubb has reported net income of $2.27 billion for the second-quarter of 2021 against a net loss of $331 million a year earlier, as catastrophe losses fell significantly, year-on-year. Alongside the robust improvement in net income, Chubb's operating income also swelled in Q2 2021, reaching $1.6 billion compared ... Read the full article
Conduit Re posts GWP of $210m for first six months of trading
28th July 2021
Recently launched property and casualty reinsurer, Conduit Holdings Limited, has reported estimated ultimate premiums written of $333.1 million for the first half of 2021, as well as losses related to Winter Storm Uri in the US of $6 million. In May, Conduit Re reported a successful first-quarter of trading with ... Read the full article
SCOR’s net income rises to €380m; COVID BI claims return
28th July 2021
Global reinsurer SCOR has reported net income of €380 million for the first-half of 2021 and gross written premiums (GWP) of €8.44 billion, representing growth of more than 9% at constant exchange rates. Net income of €380 million is a huge improvement from the income of €26 million posted for the ... Read the full article
Increase reported in P&C insurers’ Q1 net income: Verisk, APCIA
27th July 2021
According to Verisk and American Property Casualty Insurance Association (APCIA), private property & casualty (P&C) insurers in the United States saw their net income increase in the first quarter of 2021 compared to the previous year, while their combined ratio worsened. The report noted that insurers’ net income after taxes increased ... Read the full article
Brown & Brown reports $129mn increase in revenues during Q2
27th July 2021
Brown & Brown has announced GAAP revenues for the second quarter of 2021 totalling $727.3 million, up $128.5 million from the prior year period. Net income was $139.3 million, increasing $42.5 million, or 43.9%. Compared to the second quarter of the prior year with commissions and fees increased by 21.3% and Organic ... Read the full article
Mapfre’s combined ratio falls to 95.1% in H1
27th July 2021
Spanish re/insurer Mapfre has released its H1 2021 results, showing an improved combined ratio of 1.6 points to stand at 95.1%, compared to 96.7% from the year prior. The group’s premiums grew by 6.2% in the first six months of the year, reaching almost €11.7 billion. It also announced its earnings have ... Read the full article
PartnerRe hits improved Q2 net income of $314mn
27th July 2021
Global reinsurer PartnerRe has reported a second quarter net income of $314 million, up from the $229 million achieved in the prior year period. For the half year 2021, a $204 million net income has been announced, after registering a loss in the same period of 2020. Operating income was $151 million ... Read the full article
IAG expects a net loss of $427 million for FY21
23rd July 2021
Australian insurer IAG has released its preliminary FY2021 results, which expects a net loss of $427 million with a reported profit of $33 million in H2 2021. For this year, the insurer announced a Net Earned Premium of $7,473 million, with a growth of 1.5% on FY2020. It is also expecting a ... Read the full article
China Re expecting up to 65% H1 profit growth
23rd July 2021
China Reinsurance Group (China Re), the country’s largest reinsurer, has released a preliminary estimate of its results for the first half of 2021, which states that net profit will be up by between 55% and 65%. The company’s profits dipped by 24% to roughly RMB 2.467 billion (USD 380.8 million) ... Read the full article
W. R. Berkley posts record Q2 underwriting profit
23rd July 2021
W. R. Berkley Corporation has posted record underwriting profit of $202.2 million for the second quarter of 2021, as net premiums written increased by 27.2%. Overall, the company posted operating income of $219.1 million, compared with just $11.6 million in the same period last year, while its six-month total was $420.8 ... Read the full article
Beazley returns to profit as all divisions achieve rate rises in H1 2021
23rd July 2021
Specialist insurer Beazley has reported profit of $167.3 million for the first half of 2021 against a loss of $13.8 million in the prior year period, as the firm achieved good rate increases across all classes, platforms and territories. For the first half of the year, Beazley has reported solid growth ... Read the full article
RenRe reports higher underwriting income, improved CR in Q2 2021
23rd July 2021
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. has announced gross written premium growth to more than $2 billion for the second quarter of 2021, as the company's underwriting income improved year-on-year and combined ratio strengthened to 72.4%. For Q2 2021, RenRe's underwriting income reached $329 million compared with $217 million for the same ... Read the full article
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