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.
GIC Re falls to net loss in Q2 as agricultural & flood claims rise
11th November 2019
India’s national reinsurance company, General Insurance Corporation of India (GIC Re), has reported a consolidated loss of Rs 707.41 crore (approximately USD 98.9 million) for the second-quarter of this fiscal year, driven by higher agricultural losses and elevated flood claims. For the second-quarter ended September 30th, 2019 GIC Re experienced a ... Read the full article
Hannover Re’s parent Talanx reports 52% rise in net income
11th November 2019
The Talanx Group, which is the parent of reinsurance giant Hannover Re, has produced net income of €742 million for the first nine months of 2019, while the group-wide combined ratio remained relatively flat at 98.5%. Net income of €742 million represents growth of 52% on the same period in 2018, ... Read the full article
Kuwait Re’s profit up by 30% in 2019
11th November 2019
Kuwait Reinsurance Company K.S.C.P (Kuwait Re) has reported a 30% rise in net profit for the first nine months of 2019 versus the same period in 2018, to KD 3.87 million (USD 12.7 million). As well as a 30% rise in profits, which the firm attributes to premium growth and higher ... Read the full article
Improved P&C result boosts PartnerRe in Q3
11th November 2019
Bermuda domiciled reinsurer PartnerRe has announced net income of $216 million for the third-quarter of 2019 compared with a net loss of $106 million for the same period in 2018, supported by net realised and unrealised gains and an improved property and casualty (P&C) performance. The reinsurer has announced net realised ... Read the full article
Allianz posts strong Q3 operating profit despite dip in P&C
8th November 2019
Global insurance giant Allianz has reported a slight increase in net income to €1.9 billion for the third-quarter of 2019, while operating profit was strong at €3 billion despite a decline in Property and Casualty (P&C). Overall, Allianz saw its total revenues increase by just over 8% to €33.4 billion in ... Read the full article
Beazley reports solid organic growth, rate rises across majority of lines
8th November 2019
Specialist insurer Beazley has announced premium growth of 12% to $2.2 billion for the first nine months of the year, while overall, the firm has reported rate increases of 6%. Beazley has announced gross premiums written (GPW) growth for the nine month period in all lines excluding property, which, fell by ... Read the full article
James River Group’s Q3 result hit by unfavourable reserve development
8th November 2019
James River Group Holdings, Ltd. recently announced a net loss of $25.2 million for the third-quarter of 2019 and an operating loss of $22.2 million, compared with net income of $19.6 million and an operating gain of $19.4 million in 2018. During the quarter, James River experienced unfavourable reserve development of ... Read the full article
Hiscox clarifies medium-term CR outlook for retail business
8th November 2019
Global specialist re/insurer Hiscox has released a statement clarifying the medium term outlook for the combined ratio of its primary retail insurance business, Hiscox Retail. Hiscox released its results for the first nine months of 2019 earlier this week, reporting growth across its entire business in 2019, with gross written ... Read the full article
Enstar returns to Q3 profit on investment gains
7th November 2019
Bermuda-based re/insurance, run-off and legacy specialist, Enstar Group Limited, has reported consolidated net earnings of $117.7 million for the third quarter of 2019, helped by net realized and unrealized gains of $148.2 million. This represents an increase in net earnings of $133.7 million when compared with the net loss of $16.0 ... Read the full article
Liberty Mutual reports flat Q3, secures ADC with Berkshire’s NICO
7th November 2019
Liberty Mutual Holding Company Inc. and its subsidiaries produced net income from continuing operations of $274 million for the third-quarter of 2019, while the firm also announced a new adverse development cover (ADC) arrangement with Berkshire Hathaway's National Indemnity Company (NICO). For the first nine months of the year, Liberty Mutual's ... Read the full article
Generali profits up with improvements across segments
7th November 2019
Italian insurance giant Generali has posted 16.6% growth in net income over the first nine months of 2019, with improvements across all business segments. Net profit stood at €2.16 billion at September 30, although this figure was inflated by a one-off gain of €475 million from asset sales and a €188 ... Read the full article
Sirius International’s underwriting result suffers as cat losses climb 42%
7th November 2019
An increase in pre-tax catastrophe losses, net of reinsurance and reinstatement premiums, to $109 million adversely impacted Sirius International Insurance Group, Ltd.'s underwriting performance in the third-quarter of 2019, with the firm reporting a net loss of $3 million. Catastrophe losses increased by almost 42% for Sirius in Q3 when compared ... Read the full article
Lancashire takes advantage of greater market discipline in 2019
7th November 2019
Lancashire Holdings Limited has reported gross written premium growth of 13.8% to $578 million for the first nine months of the year, while its net loss estimate from hurricane Dorian and typhoon Faxai, at $33.2 million, fell within expectations. With the exception of energy, Lancashire experienced premium growth across all business ... Read the full article
AXA results lifted by AXA XL despite heavy Q3 cat losses
7th November 2019
Global re/insurer AXA increased its revenues by 5% to €79.7 billion during the first nine months of 2019, helped by its AXA XL division, which recorded a strong performance despite above-average catastrophe losses. AXA XL grew its revenues by 11% to €14.2 billion, mainly driven by its P&C Insurance and Specialty ... Read the full article
Zurich reports P&C premium growth, improved pricing
7th November 2019
Zurich Insurance Group has reported 2% growth in property & casualty (P&C) gross written premiums for the first nine months of 2019, with further rate acceleration in the third quarter. Adjusting for currency movements, acquisitions and disposals, this translated to 7% on a like-for-like basis, with growth coming from all regions. The ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
