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.
Athora posts robust results for 2021
14th April 2022
European life insurance and reinsurance group Athora Holding, Ltd, announced their financial results for the full year. In a press release, it states that throughout the year, the company saw continued progress against its strategic objectives. This includes securing an agreement to acquire Amissima Vita in Italy, a €7.2 billion life insurer, ... Read the full article
Catalina reports net income of $177mn for 2021, targets entry to Lloyd’s
14th April 2022
Legacy specialist Catalina Holdings (Bermuda) has reported consolidated net income of $177 million for the year ended December 31 2021, and net operating income of $86 million. The company also announced that its total shareholders’ equity came in at $1.4 billion, with total assets of $6.66bn and total liabilities of $5.23bn. In ... Read the full article
The Hanover publishes select historical financial information
29th March 2022
Property and casualty (P&C) insurance company The Hanover Insurance Group has published select historical quarterly and annual financial information reflecting the planned changes to the company's segment reporting. Beginning with first quarter 2022 reporting, the company will disaggregate the former Commercial Lines segment into Core Commercial and Specialty segments, including expenses, ... Read the full article
Ardonagh income jumps by a third in 2021
28th March 2022
Global insurance brokerage and service provider, The Ardonagh Group, has reported income growth of 32.5% over the course of 2021, underpinned by organic growth of 7.3%. The company recorded income of £945.8 million for the full-year period, representing an increase of £232.0 million on the £713.8 million generated in the previous ... Read the full article
Helios reports improved syndicate forecasts
28th March 2022
Helios Underwriting, the Lloyd’s of London investment and underwriting vehicle, has announced the current mid-point forecasts for its portfolio of syndicate capacity for the 2019 and 2020 years of account, based on 4th quarter 2021 estimates. The company, which acquires and consolidates private underwriting capacity at Lloyd’s, recorded a capacity position ... Read the full article
US P&C industry records $4.1bn net underwriting loss in 2021: AM Best
25th March 2022
According to AM Best, the increase in losses and expenses are responsible for the Property & Casualty (P&C) sector's $4.1 billion net underwriting loss in 2021. AM Best also reported a 7.4% growth in net earned premiums and a ... Read the full article
MS Amlin Underwriting returns to profit after “careful restructuring”
24th March 2022
MS Amlin Underwriting (MS AUL) has reported its full year results for 2021 which saw the global re/insurer deliver a strong performance, as well as a return to profitability after years of careful restructuring and remediation. The return to profitability for the company is set against the backdrop of a year ... Read the full article
Lloyd’s announces profit of £2.3bn as combined ratio improves to 93.5%
24th March 2022
The specialist Lloyd's insurance and reinsurance marketplace has reported its best quality result for some time, with an overall profit of £2.3 billion and a combined ratio of 93.5%, against a backdrop of heightened catastrophe activity. In 2021, the market's profit improved substantially from the £900 million loss reported in 2020, ... Read the full article
CCR Re income more than doubles, combined ratio improves
17th March 2022
French state-owned reinsurer CCR Re has reported that its net income more than double over the course of 2021 reaching €41 million, versus €18 million in the previous year. This performance contributed to a similar 2x increase in income at parent firm CCR, which reported net income of €134 million for ... Read the full article
Maiden share repurchases offset results downturn
16th March 2022
Bermuda-based Maiden Holdings has reported improved net income of $117.6 million for 2021, despite seeing a significant fall in income over the fourth quarter. Full-year income was up from $80.0 million in 2020, even as Q4 income decreased to $16.2 million, down from $47.7 million for the same period in the ... Read the full article
Ryan Specialty reports 15.8% growth in revenues
16th March 2022
Ryan Specialty is reporting 15.8% growth in total revenue between Q4 2020 and Q4 2021. The insurance firm said that among the other highlights were a 15.4% growth in organic revenue growth rate, down from 21.8% in Q4 2020. However, net income rose to $29.6m in Q4 2021 after a net ... Read the full article
Generali result up 63%, with growth across segments
15th March 2022
Italian insurer Generali has posted a 63.3% growth in its net result year-on-year, finishing 2021 with a figure of €2,847 million, compared to €1,744 million previously. The performance was aided by positive growth across all business segments with strong technical profitability across both life and property and casualty (P&C) business. Generali's operating ... Read the full article
Talanx posts record income and disaster losses
14th March 2022
Germany’s Talanx Group, the parent of reinsurer Hannover Re, has confirmed that its net income reached a record €1,011 million in 2021, thanks mainly to continued growth and optimisation programs in its primary insurance operations. Notably, gross written premiums saw a double-digit improvement of 10.7% to €45.5 billion in the ... Read the full article
P&C reinsurers see profit & premium improvement: RAA
11th March 2022
New data released by The Reinsurance Association of America (RAA) shows an increase in both profitability and net premiums for US property and casualty (P&C) reinsurers over 2021. The data, collected by RAA from 17 reinsurers globally, shows that the combined ratio for the group improved to 99.8% last year, down ... Read the full article
SCOR Channel doubles UW profit, announces rebrand
10th March 2022
Lloyd’s syndicate SCOR Channel, which is part of global re/insurer SCOR’s Specialty Insurance platform, has announced improved results for 2021, including a 100% increase in its underwriting profit. SCOR Channel recorded a twofold increase in underwriting profit, which moved from £7 million to £14 million, as well as a £5 million ... Read the full article