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.
PartnerRe posts Q1 income of $497mn, boosted by P&C results
16th May 2019
Bermudian reinsurer PartnerRe has posted net income of $497 million for the first quarter of 2019, boosted by the strong performance of its property and casualty (P&C) segment, which had a combined ratio of 87.7%. The results represent an improvement on Q1 2018, when PartnerRe posted a net loss of $210 ... Read the full article
P&C segment drives higher profits for Allianz in Q1
14th May 2019
Global insurer Allianz has announced that the strong performance of its property and casualty (P&C) business in the first-quarter of 2019 significantly contributed to a 7.5% increase in overall operating profit, to €3 billion. The P&C segment produced robust results in the opening three months of the year for Allianz, recording ... Read the full article
Cat losses push Peak Re’s profit down to $19.5mn in 2018
10th May 2019
Hong Kong domiciled reinsurer Peak Reinsurance Company Limited (Peak Re) reported net profit of $19.5 million for 2018 as its earnings were impacted by several large natural catastrophe events. The reinsurer’s combined ratio for the year was 98.3%, with 2018 representing the sixth consecutive year of growth for the company despite ... Read the full article
Investment return more than offsets underwriting loss for Third Point Re in Q1
10th May 2019
Hedge fund style reinsurer Third Point Re has announced record net income of $132.9 million for the first-quarter of 2019, a significant improvement on the $26 million net loss reported for the same period in 2018. The improvement was driven by an investment gain of $155 million for the quarter, which ... Read the full article
Downturn in TransRe profits offset Alleghany’s Q1 growth
9th May 2019
Alleghany Corporation posted a 46.4% increase in revenue for the first quarter of 2019, offset by a downturn in the underwriting profit of its reinsurance subsidiary, Transatlantic Reinsurance Company (TransRe). TransRe generated underwriting profits of $40.0 million in Q1 2019, down 59.5% from $98.8 million when compared with the same period ... Read the full article
Talanx highlights greater contribution from reinsurance in Q1
9th May 2019
The Talanx Group, reinsurance giant Hannover Re's parent company, has reported that its reinsurance segment provided a greater contribution to its consolidated net income in the first-quarter of 2019, assisted by a reduction in major losses. Talanx has announced an operating result of €616 million and a consolidated result of €235 ... Read the full article
Zurich notes improved P&C pricing trends in the first-quarter
9th May 2019
Global insurer Zurich has report growth across all regions within its property and casualty (P&C) business in the first-quarter of 2019, while the firm remains on track to meet or exceed its full-year targets. The P&C segment recorded like-for-like premium growth of 4% in Q1 2019 to $9.2 billion. However, in ... Read the full article
Beazley posts robust premium growth for Q1 2019
9th May 2019
Specialist insurer Beazley experienced higher than normal levels of claims within its marine, property, and reinsurance businesses during the first-quarter of 2019, while premium growth continued. Despite the pressures of increased levels of claims, the insurer did report 16% growth in gross written premiums (GWP) for the first-quarter of the year, ... Read the full article
UPC grows Q1 income despite higher cat losses
8th May 2019
Property and casualty insurance holding company United Insurance Holdings Corp. (UPC) grew its net income by 13%, from $8.4 million to $9.5 million, in the first quarter of 2019, despite comparatively higher catastrophe losses. Cat losses totalled $11.7 million in Q1 2019, up from $6.3 million for the same period last ... Read the full article
Brevard County hail storm pushes FedNat to first-quarter net loss
8th May 2019
FedNat Holding Company has reported a net loss of $3.9 million for the first-quarter of 2019, citing that progress was masked by $18.7 million of claims from the Brevard County, Florida hail storm. The $3.9 million net loss compares to net income of $7.5 million in the first-quarter of 2018. Within ... Read the full article
RenRe reports a solid first-quarter, underpinned by 72% combined ratio
8th May 2019
Bermuda domiciled reinsurer RenaissanceRe Holdings Ltd. (RenRe) has reported an improved year-on-year net income for the first-quarter of 2019, of $273.3 million, an increase of more than 380%. Operating income also increased for the reinsurer during the first-quarter of 2019, from $122.1 million to $154.4 million. RenRe's annualised return on average ... Read the full article
Higher losses hit Munich Re’s Q1 2019 performance
8th May 2019
Global reinsurance giant Munich Re has maintained its full-year 2019 profit target of around €2.5 billion, despite recording a decline in first-quarter net income as a result of higher basic losses and greater expenditure for claims from previous years. Munich Re's Q1 2019 income totalled €633 million, compared with €827 million ... Read the full article
Heritage continues to diversify outside of competitive Florida market
7th May 2019
Heritage Insurance Holdings, Inc. has reported its results for the first-quarter of 2019, which reveals continued expansion outside of Florida, a lower net income and catastrophe losses of $15 million. Property and casualty insurer Heritage has reported net income of $7 million for the first-quarter of 2019, down roughly 53% on the ... Read the full article
Hiscox uncertain if mid-year rate increases will be adequate
7th May 2019
Global insurer and reinsurer Hiscox saw its gross written premiums increase by 0.6% in the first-quarter of 2019, as a decline in the reinsurance & insurance-linked securities (ILS) segment offset growth in the retail and London market segments. At the same time, the re/insurer is unconvinced mid-year rate increases will ... Read the full article
Assurant reports improved results across all segments in the first-quarter
7th May 2019
Assurant, Inc. recorded improved net income of $161 million in the first-quarter of 2019, with higher earnings reported across its business segments. Net operating income of $140.6 million improved 31% in Q1 2019 when compared with the same period in 2018, and excluding reportable catastrophes improved by 30%, to $148.8 million. The ... Read the full article
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