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.
Bowhead Specialty sees $5.5mn net income in Q2 2024 with GWP increase
7th August 2024
Bowhead Specialty, a provider of casualty and professional liability products, has announced its financial results for the second quarter of 2024, reporting a net income of $5.5 million and a 50.4% increase in gross written premiums (GWP). The firm’s net income for the quarter was 15.6% down when compared to the ... Read the full article
Ivans Index shows increase in premium renewal rates in July
6th August 2024
Ivans, a division of Applied Systems, has reported an increase in average premium renewal rate change across all major commercial lines of business, except for Workers' Compensation, year over year in July. According to the Ivans Index, July experienced an increase in average premium renewal rate change across Commercial Auto, Business ... Read the full article
Saudi Re’s insurance revenues rise 68% in H1’24
6th August 2024
Saudi Re has reported a 68% rise in insurance revenues for the first half of 2024, climbing to SAR 482.69 million ($128.71 million) from the previous year's SAR 286.62 million ($76.43 million). At the same time, the company also posted net profits after Zakat, attributable to shareholders of SAR 75.27 million ... Read the full article
Skyward Specialty reports rise in underwriting profit as CoR strengthens
6th August 2024
Skyward Specialty Insurance Group, Inc. has reported a rise of 17.6% in gross written premiums (GWP) and an improved underwriting result of $23.9 million for Q2 2024, compared to last year’s $15.5 million. The reported GWP is $496 million for Q2 2024, compared to $422 million for Q2 2023, and hit ... Read the full article
James River’s underwriting profit falls to $9.84m in Q2
6th August 2024
James River Group Holdings has released its financial results for the second quarter of 2024, posting a net income of $11.9 million and a group combined ratio of 99.3%. These results compared to last years second quarter where the company posted a net income of $9.5 million, and a combined ratio ... Read the full article
Tokio Marine’s international segment sees Q1 net premiums swell 18.5%
6th August 2024
Tokio Marine's international business saw total net premiums written in Q1 of 2024 reach JPY 813.6 billion ($5.62 billion), driven by strong rate increases and new businesses in North America alongside the steady implementation of growth measures elsewhere. Of the total net premiums written figure, North America operations made up JPY ... Read the full article
Palomar reports rise in net income to $25.7m in Q2’24
6th August 2024
Specialty insurer Palomar Holdings has reported a net income of $25.7 million for the second quarter of 2024, an improvement compared to net income of $17.6 million from Q2 2023. The company’s gross written premiums (GWP) experienced substantial growth, increasing by 40.4% to $385.2 million compared to $274.3 million from the ... Read the full article
Ambac’s specialty P&C insurance production hits $165m in Q2
6th August 2024
Ambac has revealed that specialty P&C insurance production, which includes gross written premiums (GWP) by its Specialty P&C Insurance segment and premiums placed by the Insurance Distribution segment, totalled $165 million in Q2 of 2024, an increase of 74.9% from Q2 of 2023. The firm's total GWP in Q2 of 2024 ... Read the full article
Berkshire Hathaway’s re/insurance businesses deliver $2.3bn net underwriting result for Q2’24
4th August 2024
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has achieved an 82% year-on-year rise in net underwriting earnings across its insurance and reinsurance businesses for the second quarter of 2024, as the firm's property and casualty (P&C) reinsurance operation again generated more than $1 billion in underwriting profit. Within P&C ... Read the full article
Trisura Group reports operating net income growth of 20.1% in Q2 2024
2nd August 2024
Specialty insurance provider Trisura Group has announced its financial results for the second quarter of 2024, reporting "strong performance" with operating net income of $31.3 million, a 20.1% increase from the $26.0 million seen in the same period the year prior. According to the firm, the increase in operating income was ... Read the full article
Ryan Specialty reports 18.8% revenue growth for Q2’24 to $695.4m
2nd August 2024
International specialty insurance firm, Ryan Specialty Holdings, Inc. has reported a Q2 2024 total revenue growth of 18.8% year-over-year to $695.4 million compared to last year’s $585.1 million. According to Ryan Specialty, this increase was primarily due to continued solid organic revenue growth of 14.2%, driven by new client wins, expanded ... Read the full article
SiriusPoint’s CR hits 89% in Q2, net income reaches $109.9m
2nd August 2024
In their results for the second quarter of 2024, SiriusPoint's combined ratio deteriorated six points year on year to 89%, compared to the previous year's 83%, driven primarily by lower favorable prior year loss reserve development. The company also posted a consolidated underwriting income of $65.1 million, a notable decrease compared ... Read the full article
RGA’s consolidated net premiums rise by 17.5% to $3.9bn for Q2’24
2nd August 2024
In Q2 2024, Reinsurance Group of America (RGA), a global life and health reinsurer, reported a 17.5% year-over-year increase in consolidated net premiums, reaching $3.9 billion compared to $3.3 billion in the previous year. Consolidated net premiums saw an adverse net foreign currency effect of $33 million, after the exclusion of ... Read the full article
AXA XL’s H1 GWP & other revenues hit €32.5bn as group looks to sell AXA IM
2nd August 2024
Global insurer AXA’s P&C and specialty risk division, AXA XL, has revealed that gross written premiums and other revenues were up 7% to €32.5 billion in H1 of 2024, while its combined ratio was 90.2%, down 0.7 points from the same period of 2023. AXA XL's commercial lines business saw premiums ... Read the full article
Insurance business Fortegra drives Q2 2024 net income growth at Tiptree
1st August 2024
Tiptree has announced a net income of $12.9 million for the second quarter of 2024, compared to the net income of $6.0 million seen in the same period last year. The company attributed this increase towards growth seen within their insurance business. Adjusted net income of $24.4 million increased by 38.5% ... Read the full article
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