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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.

Everest Re significantly grows reinsurance segment in Q2

31st July 2018

Bermudian reinsurer Everest Re Group, Ltd. has reported its second-quarter 2018 results, which reveals large growth in its reinsurance segment, as well as catastrophe losses related to 2017 storm events of almost $400 million. Everest Re's reinsurance segment expanded in the quarter by quite some margin. When compared with Q2 2017, ... Read the full article

Hiscox H1 profits jump following growth in written premiums

30th July 2018

Lloyd’s of London underwriter Hiscox experienced “a good start to the year” as its pre-tax profits surged 27% from $129.1 million in H1 2017 to $163.6 in H1 2018, driven by a strong 21% growth in written premiums. “Our investment across the business is driving strong profitable growth in all segments,” ... Read the full article

SCOR’s H1 results highlight positive but fading price momentum

26th July 2018

Global insurer and reinsurer SCOR has reported its second-quarter and first-half 2018 results, which reveals a hit to its net income as a result of the U.S. tax reforms, as well as the continued deceleration in P&C pricing following the impacts of 2017 catastrophe events. The French re/insurer today reported net ... Read the full article

2Q18 P&C results signal increased M&A activity: KBW

18th July 2018

Results for 2Q18 show that mergers and acquisitions (M&A) activity among property and casualty (P&C) re/insurers has increased in terms of both transaction value and count when compared with the same period in 2017, according to analysts at Keefe, Bruyette & Woods (KBW). Underwriter transaction values for the year to date ... Read the full article

Lloyd’s insurers to experience strong H1 earnings growth: J.P. Morgan

16th July 2018

Lloyd’s insurers are expected to experience strong earnings growth for the H1 season, driven by good underwriting results and low natural catastrophe losses, according to analysts at J.P. Morgan. Analysts expect the H1 earnings season to build on the promising results of Q1, with further topline growth driven by a combination ... Read the full article

P&C pricing growth slows, say analysts

16th July 2018

Reinsurance pricing trends for property and casualty (P&C) lines appear to have slowed over 2Q18, with mid-year renewals modestly weaker than at January 1 and rates ranging from flat-to-down to modest increases for most lines, according to analysts. Keefe, Bruyette & Woods (KBW) noted that pricing trends were mixed overall, with ... Read the full article

Catastrophe bond & ILS market is going from “strength to strength”

10th July 2018

Catastrophe bond and insurance-linked securities (ILS) issuance was at the second highest level ever recorded during the second-quarter of 2018, with $5.16 billion generated from 26 deals and 46 tranches of notes, according to Artemis' Q2 2018 Catastrophe Bond & ILS Market Report. When combined with the record-breaking level ... Read the full article

Most U.S commercial lines’ premium rates trending positively: IVANS

12th June 2018

The premium renewal rates for a majority of major U.S commercial product lines are trending positively, according to new data for the month of May, compiled by IVANS, a division of Applied Systems. IVANS Index results for May showed that the only major lines to experience a downturn in their premium ... Read the full article

Indonesian reinsurance market set for strong premium growth in 2018

30th May 2018

The Indonesian reinsurance market is set to benefit from robust growth over 2018, with the Indonesian General Insurance Association (AAUI) estimating that premiums will increase by at least 10%, according to a report by Kontan. The Indonesian Financial Services Authority (OJK) calculated that the country’s reinsurance industry posted gross premiums of ... Read the full article

Mixed 2018 outlook for domestic P&C industry, reports KBW

22nd May 2018

Keefe, Bruyette & Woods (KBW) has updated its 2018 Property and Casualty (P&C) industry earnings model, concluding that the outlook for the sector is mixed, with improved ratios and investment yields offset by earned premiums and catastrophe losses that were worse than previously projected. KBW’s revised industry model, which factors in ... Read the full article

P&C surplus continued to grow in 2017 despite drop in net income

17th May 2018

Industry surplus grew $51.7 billion to an all-time high of $752.5 billion for U.S Property and Casualty (P&C) re/insurers in 2017 despite a 15.8% drop in net income, according to ISO, a Verisk business, and the Property Casualty Insurers Association of America (PCI). Net investment income, which increased from $46.6 billion ... Read the full article

Tokio Marine Kiln’s syndicate losses continue at latest forecast

17th May 2018

Tokio Marine Kiln (TMK) has released the results for its three non-aligned Lloyd’s of London Syndicates and updated its 2017 year of account forecasts, revealing that losses are expected to continue in response to the costly catastrophe events experienced in late 2017. TMK’s Syndicates 510 and 557 both showed slight improvements ... Read the full article

Poor 2017 results suggest Lloyd’s syndicates under strain: RBC

14th May 2018

RBC Capital Markets has reported that Lloyd's syndicates are under considerable strain, having posted aggregate combined ratios of 114% in 2017, with the worst return on capital since 2001. RBC analysed 95 Lloyd's syndicate reports from 2017, finding that just 16% of syndicates by number, or 9% of syndicates by premium, ... Read the full article

Commercial P&C premium prices continue to rise at Q1: CIAB

14th May 2018

The Council of Insurance Agents & Brokers (CIAB) has reported that average premium prices across almost all lines have continued to see improvements in pricing after three years of soft market conditions, with increases of 1.7% recorded across all lines of business, compared to 0.3% in Q4 2017. However, CIAB also ... Read the full article

Beazley’s Q1 gross premiums grow 10% amid strong rate increases

11th May 2018

Beazley has reported that its gross premiums written increased by 10% to $631 million at the end of first-quarter 2018, as premium rates increased by 3% on its renewal business. The specialist insurer's reinsurance division saw a particularly strong underwriting performance, with rates increasing 7% across the portfolio and premiums also ... Read the full article

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