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.
HCI reports increase in gross premiums earned in Q3’24
8th November 2024
Florida-based insurtech HCI Group reported consolidated gross premiums earned of $265.5 million for Q3 2024, an increase from last year’s $188.3 million, driven primarily by growth in Florida. The firm’s Q3 2024 net income was $9.4 million as compared to $15.7 million last year. The adjusted net income for Q3 2024 ... Read the full article
Liberty Mutual sees $892m net income in Q3, total CoR hits 96.7%
7th November 2024
Liberty Mutual Holding Company Inc. (LMHC) and its subsidiaries has posted a net income attributable to LMHC of $892 million for the third quarter of 2024, a notable shift from last year's income of $219 million, while also posting consolidated pre-tax net catastrophe losses of $1.1 billion in ... Read the full article
American Coastal posts $28m net income in Q3’24, revenue climbs 56% to $82m
7th November 2024
Property and casualty (P&C) holding company, American Coastal Insurance Corporation (ACIC) has posted a $28.1 million net income for the third quarter of 2024, an improved figure compared to the $10.6 million income that was posted in the third quarter of 2023. The company said, that of this income, $27.7 million ... Read the full article
Conditions in property cat to remain ‘very attractive’ in 2025: Hiscox CFO
7th November 2024
Paul Cooper, Group Chief Financial Officer of Hiscox, has noted that in light of recent catastrophe activity, rates are expected to remain robust, creating "very attractive" conditions in the property cat market. As a result, the company plans to gradually deploy additional capital into this sector. Speaking during an analyst call ... Read the full article
Zurich P&C sees revenue increase as GWP grows 4% in 9M’24
7th November 2024
Zurich has released its financial results for the first nine months of 2024, reporting a “robust performance” as gross written premiums (GWP) for its P&C segment rose 4% and insurance revenue was up 6% with rate increases of 5% year-on-year. The Group also highlighted that in the first nine months of ... Read the full article
Hamilton reports Q3’24 CoR of 93.6% with an underwriting income of $29.1m
7th November 2024
Bermuda-domiciled re/insurer Hamilton Insurance Group has reported a slightly increased combined ratio of 93.6%, with an underwriting income of $29.1 million for the third quarter of 2024. The reinsurer reported catastrophe losses (current and prior year), net of reinsurance of $38.3 million for Q3 2024, driven by Hurricane Helene at $33.9 ... Read the full article
RenRe grows property book as Q3’24 underwriting income rises despite large loss events
7th November 2024
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. (RenRe) has reported underwriting income of $394 million for the third quarter of 2024 and a significant rise in net income to $1.2 billion, as the strong performance of its property segment more than offset a loss in casualty and specialty. Across the business, underwriting income ... Read the full article
Hiscox Re & ILS reports solid 9M’24 growth, eyes positive Jan renewal rates
7th November 2024
Hiscox Re & ILS, the international reinsurance and insurance-linked securities arm of the Hiscox Group, has reported that insurance contract written premiums (ICWP) grew to $1.017 billion in the first nine months of 2024, up 4.3% from the same period of 2023. According to the firm, most growth was achieved during ... Read the full article
Munich Re’s 9M’24 net result rises 31% despite Q3 cat losses of €1.4bn
7th November 2024
German reinsurer Munich Re has reported a net result of €4.7 billion for the first nine months of 2024, despite losses from natural catastrophes in the third quarter rising significantly to €1.4 billion, of which roughly €500 million relates to hurricane Helene. For 9M 2024, the net result increased by 31% ... Read the full article
Ark’s Q3’24 combined ratio strengthens to 79% despite elevated cat losses
6th November 2024
White Mountains has released its third quarter results for 2024 for its Ark partner firm reporting gross written premium (GWP) growth to $374 million compared to the $251 million reported the same period last year. Ark's GWP for the first nine months of 2024 was $1.9 billion, compared to the $1.7 ... Read the full article
Hurricane Helene drives $90m cat losses for AFG in Q3, Specialty P&C CoR hits 94.3%
6th November 2024
American Financial Group's (AFG's) Specialty property & casualty (P&C) insurance operations reported underwriting profit of $117 million in the third quarter of 2024, compared to $143 million in the prior year period, while catastrophe losses sat at $90 million, which were primarily driven by Hurricane Helene. The firm's cat losses in ... Read the full article
IGI reports net income of $35m for Q3’24 amid rise in net premiums earned
6th November 2024
International General Insurance Holdings Ltd. (IGI), in its Q3 2024 results, has reported net income of $34.5 million compared to $10.9 million last year, driven primarily by an increase in net premiums earned (NPE) of $17.2 million. The increase in net income also included a decrease of $15.5 million in the ... Read the full article
Lancashire sees 9M’24 insurance revenue climb 16.8% to $1.3bn
6th November 2024
Specialty insurance and reinsurance group Lancashire Holdings has reported insurance revenue of $1.3 billion for the first nine months of 2024, an increase of $186.8 million, or 16.8%, compared to the same period in 2023, despite anticipating net losses relating to recent weather events of up to $140 million. Meanwhile, gross ... Read the full article
Conduit’s reinsurance revenue up over 30% as GPW hits $957m in 9M’24
6th November 2024
Bermuda-based reinsurer Conduit Re generated reinsurance revenue of $588.2 million for the first nine months of 2024, an increase of 30.3% over the same period last year, as gross premiums written (GPW) rose 25.2% amid strong growth in property and specialty. For 9M 2024, reinsurance revenue at the multi-line reinsurer increased ... Read the full article
Beazley reports strong growth in property as group-wide premiums rise 7% in 9M’24
6th November 2024
Specialist insurer Beazley has reported a 7% rise in net insurance written premiums to $3.8 billion for the nine months ended September 30th, 2024, and has maintained its combined ratio guidance for the year at around 80% despite expected losses of up to $175 million from hurricanes Helene and Milton. As ... Read the full article
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