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.
QIC grows profits by 15% in Q1 with more cautious underwriting
29th April 2019
Qatar Insurance Company (QIC) has reported a net profit of USD $75 million for the first quarter of 2019, representing a 15% increase from the same period in 2018, driven by improved underwriting results and resilient investment income. In Q1 2019, QIC adopted a more restrictive and selective approach to new ... Read the full article
Aon profits up in Q1 with 9% income boost
26th April 2019
Global insurance and reinsurance broker Aon grew its operating income by 9% to $872 million in the first quarter of 2019, partly due to strong organic revenue growth in its Commercial Risk Solutions and Reinsurance Solutions businesses. Operating income also improved by 8% on an adjusted basis due to organic revenue ... Read the full article
SCOR’s net income drops -21% in Q1, as typhoon loss creep bites
26th April 2019
French global reinsurance player SCOR has reported net income of EUR 131 million for the first-quarter of 2019, which is 21% lower than the prior year thanks to a EUR 53 million dent made by loss creep from Japanese typhoons Jebi and Trami. Loss creep looks set to become one of ... Read the full article
Universal’s operating income drops in Q1 due to higher losses
25th April 2019
Florida-based property and casualty (P&C) insurer Universal Insurance Holdings, Inc. has posted its results for the first quarter of 2019, which show a 20.5% drop in adjusted operating income due primarily to a $37.17 million increase in losses and loss adjustment expenses. Universal’s combined ratio was 87.2% in Q1 2019, compared ... Read the full article
AXIS results hit by Japanese typhoon loss creep & higher expenses
25th April 2019
Bermudian insurance and reinsurance group AXIS Capital has reported first-quarter 2019 results that were dented by $30 million of loss creep related to Japanese typhoons Jebi and Trami, as well as higher than expected expenses. AXIS Capital has reported net income of $98 million, or $1.16 per diluted common share, for ... Read the full article
Reinsurance supports premium growth, improved combined ratio for Travelers in Q1
18th April 2019
U.S. primary insurer Travelers has announced net written premium growth of 3% and an improved underlying combined ratio of 91.6% for the first-quarter of 2019, driven by a new catastrophe reinsurance treaty. Travelers' Q1 2019 results announcement reveals net income of $796 million and core income of $755 million, up 19% ... Read the full article
Weather events to impact Q1 re/insurance results: Buckingham Research Group
17th April 2019
The Buckingham Research Group is anticipating a “relatively choppy” catastrophe load for re/insurers in the first quarter of 2019 due to the impact of severe weather, winter weather and flooding. Events like the March flooding in the Midwest U.S could generate economic losses of $4.25 billion, according to estimates from ... Read the full article
CCR reports consolidated net income of €132 million for 2018
10th April 2019
State-backed reinsurer CCR group has reported premium income of €1.4 billion and consolidated net income of €132 million for the full-year 2018, despite the impacts of catastrophe events. The group's reinsurance arm, CCR Re, contributed €35 million to the consolidated net income, while CCR contributed €147 million. CCR Re maintained profitable growth ... Read the full article
North America P&C sector results improve despite cat losses: Fitch
5th April 2019
North American property and casualty (P&C) re/insurers generated improved operating returns and underwriting profits in 2018, according to Fitch Ratings. Analysis of 48 P&C re/insurers’ results showed that performance across the sector improved despite a second consecutive year of higher than average catastrophe losses. Insured cat losses represented 5.0% of aggregate net ... Read the full article
Cats drive £1 billion market loss at Lloyd’s for 2018
27th March 2019
The specialist Lloyd's of London insurance and reinsurance marketplace has announced an aggregated market loss of £1 billion for 2018, driven by a volatile investment environment and a costly year for natural catastrophe events. The £1 billion aggregated market loss compares with a loss of £2 billion a year earlier. A ... Read the full article
Munich Re reports solid 2018 result, raises 2019 profit guidance
20th March 2019
Global reinsurance giant Munich Re has announced 2018 profit of €2.275 billion, helped by an improved result in its property and casualty (P&C) reinsurance segment. The €2.275 billion is a substantial jump from the €392 million recorded a year earlier. Munich Re's operating profit for 2018 reached €3.725 billion, as gross ... Read the full article
Talanx results robust despite heavy Q4 nat cat losses
18th March 2019
Despite heavy fourth quarter catastrophe losses, Hannover Re parent company The Talanx Group’s overall combined ratio for 2018 showed a 2.2% year-on-year improvement, reaching 98.2%. The Group's operating profit for Q418, which in particular saw a big hit from the Californian wildfires, slid -20.1% to €562 million. Gross written premiums for the ... Read the full article
BMS annual revenues exceed £100m
13th March 2019
Independent specialist re/insurance broker BMS has revealed that its annual revenues for the first time exceeded £100 million in 2018. Overall revenue grew by 25% while BMS’s London wholesale business posted 32% growth. BMS’s reinsurance division achieved an 18% revenue increase. “This remarkable result belongs to BMS staff, who have driven our ... Read the full article
Hannover Re’s net income climbs in 2018 despite challenges
7th March 2019
Reinsurance giant Hannover Re has reported net income of €1.06 billion for 2018, up 10.5% year-on-year as the firm achieved solid results in spite of challenging conditions and high levels of catastrophe losses. During 2018, the reinsurer increased its gross premiums by 7.8% to €19.2 billion, with growth occurring in both ... Read the full article
RSA confident of improvements in 2019 as underwriting action continues
4th March 2019
RSA Group saw its underlying results decline in 2018 when compared with the previous year, but the firm remains confident it can bounce back in 2019 as it embarks on further, extensive underwriting action. Despite reporting an underlying dip in results, RSA remained profitable in 2018, posting a pre-tax profit of ... 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.
