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.
Ascendent Re sees Q1 net income increase as assets grow over $100m
14th June 2024
Cayman Islands-based annuity reinsurer Ascendant Re has revealed that its Q1 2024 net income was $18.06 million, up considerably compared to Q4 2023's figure of $6.66 million. Meanwhile, Ascendant Re's total assets increased by $18.05 million in Q1 2024 to $112.27 million. At the same time, the firm's net book value per ... Read the full article
B.P. Marsh sees Net Asset Value climb 20.9% in 2023
11th June 2024
Specialist private equity investor B.P. Marsh & Partners Plc has reported that Net Asset Value (NAV) climbed 20.9% from £189.5 million to reach £229.2 million in its full year results for the year ended 31 January 2024. At the same time, B.P. Marsh also recorded a £43.6 million increase in the equity ... Read the full article
U.S. P&C industry sees $9.3bn underwriting gain in Q1, CR improves to 94.2%
7th June 2024
The U.S. property & casualty (P&C) industry recorded a $9.3 billion net underwriting gain in the first quarter of 2024, marking a substantial improvement from the $8.5 billion loss recorded in the prior year period, according to global ratings agency AM Best. The turnaround in the personal lines segment was a ... Read the full article
Guidewire sees Q3 2024 total revenue increase 16% to $240.7m
5th June 2024
Guidewire has revealed that total revenue for Q3 of the fiscal year 2024 was $240.7 million, an increase of 16% from the same quarter in 2023. Guidewire also disclosed that its subscription and support revenue was $138 million in Q3 of 2024, an increase of 28% from the corresponding previous year ... Read the full article
2023 marks record year for Compre with best results in its 30-year history
4th June 2024
Bermuda-domiciled international specialty reinsurer Compre has revealed that 2023 was the strongest year in its history, with gross insurance reserves under management growing by 112% YoY to $1.6 billion, driven by newly acquired reserves of over $1 billion. Elsewhere in its full-year 2023 results, Compre disclosed that invested assets stood at ... Read the full article
IRB (Re) reports improved net income and combined ratio
4th June 2024
Brazilian reinsurer IRB (Re) has announced its first quarter of 2024 financial result, reporting an improved net income of around USD 15 million (R$ 79.1mn) as well as an underwriting profit of around USD 23 million (R$ 122.4mn), and a combined ratio of 99%. In the same period last year, the ... Read the full article
GIC Re posts underwriting loss in fiscal full year, CR deteriorates to 111.8%
3rd June 2024
GIC Re, the Indian public sector reinsurer, has posted an underwriting loss of ₹4,006.56 crore for the fiscal year ended 31st March 2024 (FY24), compared to the ₹2,341.37 crore loss from the prior year. At the same time, the firm also posted a combined ratio of 111.8%, representing a deterioration of ... Read the full article
HDI Global reports improved CoR for Q1’24 as insurance revenue rises
30th May 2024
Industrial insurer HDI Global SE, part of the Talanx Group, has reported a first quarter 2024 combined ratio of 91.8%, an improvement of 1.4 percentage points year-over-year. The insurer's insurance revenue rose by 13% in Q1 2024, or 14% after adjustment for currency effects, reported at €2.3 billion compared to Q1 ... Read the full article
Helios reports solid 2023 results driven by “outstanding” Lloyd’s market conditions
30th May 2024
In its full year 2023 financial results, Helios Underwriting has revealed it achieved a total comprehensive profit of £29.9 million, up from a loss of £0.1 million in 2022, while its capacity portfolio combined ratio improved to 86%. Helios explained that it has positioned itself to "maximise growth opportunities" by doubling ... Read the full article
VIG sees GWP increase to €4.3bn in Q1 as it remains on course for growth
29th May 2024
Vienna Insurance Group (VIG) has revealed that its gross written premiums increased to €4.3 billion in the opening quarter of 2024, up by 11% compared to 2023's Q1 figure of €3.9 billion. Hartwig Löger, CEO and Chairman of the Managing Board of VIG commented, “VIG once again recorded double-digit premium growth ... Read the full article
Marco Capital reports pre-tax profit for 2023 but motor claims dent technical result
24th May 2024
Marco Capital Holdings Limited, a European provider of legacy solutions to the non-life insurance and reinsurance market, has reported a pre-tax profit of $51.4 million for the full year 2023, an improvement from the loss of $18.8 million seen a year earlier, although the firm has still reported a technical ... Read the full article
Aviva increases general insurance premiums by 16% to £2.7bn in strong Q1
23rd May 2024
In their results for the first quarter of 2024, Aviva has posted general insurance premiums of £2.7 billion, representing an increase of 16% from the prior year quarter. Growth was heavily driven by both the UK & Ireland and Canada, with strong rates, new business, and customer retention. UK general insurance premiums ... Read the full article
Deutsche Rück reports 2023 gross premium income of €1.8bn
22nd May 2024
German reinsurer The Deutsche Rück Group expanded its business in 2023 with gross premium income increasing by 16.8% to just under €1.8 billion, while net premiums earned were up 18.3% at €1.2 billion. This strong growth was supported by both international markets in the Middle East, Latin America and Asia and ... Read the full article
Generali sees Q1 GWP grow to €26.4bn as operating result improves
21st May 2024
Generali has revealed that in Q1 of 2024, its gross written premiums (GWP) increased 21.4% from the previous year to €26.4 billion, driven by strong performances in both the Life and P&C segments. Broken down, GWP in the Life segment in Q1 of 2024 were €16.9 billion, up 28.4% from the ... Read the full article
Sompo Intl. reports stronger P&C combined ratio in FY’23 results
20th May 2024
Bermuda-based specialty re/insurer Sompo International Holdings has reported that the financial year 2023 combined ratio for commercial property & casualty (P&C) improved to 91.8% from 92.5%, driven by improved accident year loss ratios and lower catastrophe losses. The stronger combined ratio is reflected in a rise in underwriting income from $667.3 ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
