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.
Allstate’s Q2 income growth offset by heavy cat losses
31st July 2019
US primary insurer Allstate Corporation has released its results for the second quarter of 2019, showing net income growth of 18.7% when compared to the same period in 2018. This was despite the impact of heavy catastrophe losses on the company’s performance, which totalled $1.07 billion in Q2 2019, up ... Read the full article
AXIS reports reinsurance growth, higher net income in Q2
31st July 2019
AXIS Capital Holdings Limited has reported higher net income for the second-quarter of 2019 when compared with the prior year, while its underwriting income fell to $78.7 million, resulting in a combined ratio of 96.1%. Bermudian insurer and reinsurer AXIS Capital's combined ratio improved by 3% in Q2 2019 when compared ... Read the full article
Markel boosts revenue in Q2 but combined ratio slips
31st July 2019
Markel Corporation has reported its results for the second quarter of 2019, showing a 20% increase in operating revenue to $2.4 billion, compared with $2.0 billion for the same period last year. The insurer and reinsurer also saw significant growth in its net income, which increased to $506.5 million, up from ... Read the full article
Swiss Re’s reinsurance & investments offset Corporate Solutions loss
31st July 2019
A solid investment result and strong reinsurance performance helped Swiss Re record net income of $953 million in H1 2019, while the firm's Corporate Solutions segment fell to a $403 million net loss in the period. At $953 million, net income declined from the $1 billion recorded in the first-half of ... Read the full article
Marsh & McLennan’s revenue up 16% to $4.3 billion in Q2
30th July 2019
Global insurance and reinsurance broker, Marsh & McLennan Companies, Inc. (MMC), has reported consolidated revenue growth of 16% to $4.3 billion and underlying revenue growth of 4% for Q2 2019, which is the first time its results have included JLT, which it acquired for $5.6 billion. Underlying revenue growth of 4% ... Read the full article
RGA income stable in Q2, net premiums up 7%
30th July 2019
Reinsurance Group of America (RGA) has reported net income of $202.7 million for the second quarter of 2019, consistent with its result of $204.4 million for the same period in 2018. On an adjusted basis, earnings increased modestly to $210.8 million, compared with $202.1 million in Q2 2018. Although income remained stable, ... Read the full article
Watford Holdings falls to underwriting loss in Q2, combined ratio weakens
30th July 2019
Bermudian Watford Holdings Ltd. has reported a combined ratio of 103.5% for the second-quarter of 2019 and an underwriting loss of more than $5.2 million, compared with a combined ratio of 100.6% and an underwriting loss of roughly $1 million in the second-quarter of 2018. Despite the underwriting loss, net income ... Read the full article
Arch’s underwriting income improves on reinsurance and mortgage business
30th July 2019
Insurer and reinsurer Arch Capital Group Ltd. has reported a 2.3% improvement in its combined ratio to 80.4% for the second-quarter of 2019, underpinned by a 24.5% improvement in underwriting income driven by its reinsurance and mortgage segments. Overall, underwriting income reached $293 million in the second-quarter of 2019, compared with ... Read the full article
Solid underwriting & investment return drives improved result for Everest Re
30th July 2019
Bermudian reinsurer Everest Re Group has reported a significant increase in net income to $342.9 million for the second-quarter of 2019, driven by a solid underwriting and investment performance. For the second-quarter of 2019, Everest Re's net income increased by a huge 391% from the $69.9 million recorded in the second-quarter ... Read the full article
Investments help Hiscox to profit, London Market, Hiscox Re & ILS challenged
29th July 2019
Global insurer and reinsurer Hiscox has reported that its H1 2019 profit before tax increased slightly to $168 million, despite the firm's group combined ratio weakening to 98.8% as loss deterioration from prior year events hit its London Market and Hiscox Re & ILS segments. At $168 million, Hiscox's profit increased ... Read the full article
Strong P&C result drives improved combined ratio for PartnerRe in Q2
29th July 2019
Bermudian reinsurer PartnerRe recorded an improved non-life combined ratio of 92.8% for the second-quarter of 2019 as a strong performance in its property and casualty (P&C) segment more than offset a decline in specialty. Overall, PartnerRe's net income increased by $160 million to $285 million in the second-quarter of 2019 when ... Read the full article
A J Gallagher reports solid revenue growth in 2019
26th July 2019
Arthur J. Gallagher & Co. has reported its results for the second-quarter of 2019, posting solid revenue growth and improved net earnings in its brokerage segment. Revenues increased from $1 billion in Q2 2018 to $1.13 billion in Q2 2019, while organic revenues also increased year-on-year, to $1.01 billion. The firm's ... Read the full article
Aon increases revenue to $2.6bn in Q2, driven by reinsurance growth
26th July 2019
Aon has released its results for the second quarter of 2019, which show a 2% increase in the broker’s total revenue, partly driven by significant growth in its Reinsurance Solutions segment. Overall revenue increased by $45 million to $2.606 billion, boosted by an 11% increase in the revenue of Aon’s reinsurance ... Read the full article
Premium growth drives higher revenues for MAPFRE in H1 2019
26th July 2019
Insurer and reinsurer MAPFRE recorded a 6.8% increase in revenues in the first-half of 2019 to €15.05 billion, driven by an increase in premiums to €12.53 billion and elevated financial income. For the first-half of the year, MAPFRE's net earnings hit €375 million, which is a decline of 2.9% on the ... Read the full article
Rate increases “necessary” but “not sufficient” says RenRe CEO, O’Donnell
25th July 2019
Kevin O'Donnell, the President and Chief Executive Officer (CEO) of Bermudian reinsurer RenaissanceRe (RenRe), believes that "necessary" but insufficient rate increases witnessed in the reinsurance market will be sustainable moving forward. RenRe reported significant growth in the second-quarter of 2019, with its gross premiums underwritten rising by 51%, while at ... Read the full article
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