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.
Suncorp to increase reinsurance spend by $200mn after cat losses dent results
14th February 2019
Suncorp Group, the Australian primary insurer, has announced that it plans to purchase an additional AUD $200 million (US $142 million) of natural perils reinsurance cover in FY 2020 after catastrophe losses of $580 million dented the Group’s profits in 1H 2019. The insurer reported net profit after tax of $250 ... Read the full article
Catastrophe losses & tax cuts impact Assurant’s Q4 results
13th February 2019
U.S. specialty insurance group Assurant has posted its results for the fourth quarter of 2018, which include a reduction in net income from $312.9 million in Q4 2017 to $20.3 million in Q4 2018. This decease was primarily driven by $95.5 million of catastrophe losses in Q4 2018 and the absence ... Read the full article
Arch’s Q4 income drops by $80mn due to cat losses
13th February 2019
Bermudian re/insurer Arch Capital Group saw its fourth quarter net income fall by 38% year-on-year from $203.5 million in 2017 to $126.1 million in 2018, primarily due to the impact of natural catastrophes on its results. Arch’s Q4 catastrophe losses totalled $118.2 million, net of reinsurance and reinstatement premiums, with losses ... Read the full article
Argo improves combined ratio, reports strong growth for 2018
12th February 2019
Argo Group International Holdings, Ltd. saw its combined ratio strengthen in both Q4 and the full-year 2018, as the re/insurer continued to expand its business operations. Argo has reported its financial results for the fourth-quarter and full-year 2018, posting a net loss of $43.6 million and net income of $63.6 million, ... Read the full article
High cat losses drive Q4 net loss for Everest Re
12th February 2019
Bermuda-based reinsurer Everest Re Group, Ltd., fell to a net loss of $382.3 million in the fourth-quarter of 2018 as catastrophe losses spiked to $875 million, driven mostly by hurricane Michael, the California wildfires, and a hailstorm event in Australia. The Q4 net loss compares to net income of $571 million ... Read the full article
Donegal restructures reinsurance program after heavy Q4 losses
8th February 2019
U.S primary holding company Donegal Group Inc. has restructured its reinsurance program following heavy losses in the fourth quarter of 2018 due to natural catastrophes, low investment returns, and underperformance in its personal and commercial auto lines. Donegal’s 2019 reinsurance program, which applies to its insurance subsidiaries and Donegal Mutual Insurance ... Read the full article
Willis Towers Watson reports organic revenue growth
8th February 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) recorded revenue growth of 3% for the fourth-quarter and 5% for the full-year of 2018, driven in part by solid organic growth within its Investment, Risk & Reinsurance segment. The broker has reported Q4 net income of $169 million, down from the ... Read the full article
Catastrophes significantly dent Aspen’s underwriting performance in Q4
7th February 2019
Aspen Insurance Holdings Limited has reported a net loss of $147 million for the fourth-quarter of 2018, as a slight increase in investment income was heavily offset by underwriting losses in both its insurance and reinsurance segments following the impacts of catastrophe losses in the period. Net of reinsurance and reinstatement ... Read the full article
Zurich on track for 2019 as P&C underwriting performance improves
7th February 2019
Global insurer Zurich saw its business operating profit (BOP) increase by 20% in 2018, helped by improved underwriting performance in its property & casualty (P&C) business despite the challenging market landscape. At $4.6 billion, Zurich's BOP for the full-year 2018 increased 20% year-on-year, while the firm's net income, after-tax and attributable ... Read the full article
Beazley profits fall by 55% as cat losses & investment yields bite
7th February 2019
Specialist re/insurer Beazley saw its profits fall by 55% in 2018 following a second consecutive year of heavy catastrophe losses and low investment income. The company’s profit before tax was $76.4 million in 2018, down from $168 million in the prior year, having been impacted by $110 million of natural catastrophe ... Read the full article
Munich Re profits fall, reports stable pricing at 1/1
6th February 2019
Global reinsurance giant Munich Re saw fourth quarter profits fall 56% year-on-year to €238 million following the impact of the California wildfires in November and volatile financial markets towards the end of year. The company’s net profit of €2.2 billion for the year was, however, in line with its target of ... Read the full article
Aon reports strong organic growth across business segments in Q4
1st February 2019
Global insurance and reinsurance broker Aon saw its total revenue increase to $10.8 billion for the full-year 2018, which includes 5% of organic revenue growth. The global re/insurance brokerage has announced its results for the fourth-quarter and full-year 2018. Concerning revenues, the broker states that total revenues for Q4 increased 3% ... Read the full article
MMC posts solid re/insurance, overall growth in Q4
31st January 2019
Guy Carpenter, the reinsurance arm of Marsh & Mclennan Companies (MMC), has posted fourth quarter 2018 revenue of $102 million, up 5% on an underlying basis. For the year 2018, Guy Carpenter's revenue increased to $1.3 billion, up 7% on an underlying basis. Meanwhile, MMC’s consolidated revenue in Q4 was $3.7 billion, ... Read the full article
Attritional losses drive $198m Q4 net loss for AXIS
31st January 2019
Bermudian re/insurance group AXIS Capital Holdings has announced a $198 million net loss for the fourth quarter of 2018, driven by heavy attritional property and catastrophe activity. This $198 million Q4 net loss, with a 117.3% Combined Ratio (CR), compares to the $38 million net loss and 100.7% CR reported in ... Read the full article
Reinsurance Group of America’s net income drops at Q4
29th January 2019
Reinsurance Group of America (RGA) has reported net income of $110.0 million for the fourth quarter of 2018, representing a significant drop from the $1.217 billion reported for the same period in 2017. This difference is largely attributable to the Tax Cuts and Jobs Act of 2017, which benefited RGA’s Q4 ... Read the full article
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