Update: Ping An Profit Falls 6.3% on Market Turmoil, Weaker Sales October 26, 2022 Ping An Insurance (Group) Co., China’s second-largest insurer by market value, posted a 31.5% drop in third-quarter profit as a...
Berkley Cooling on Professional Lines, Firing Up Property Cat Re Engines October 26, 2022 By Susanne Sclafane Property cat reinsurance: “More.” Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp.,...
Munich Re Estimates $1.6 Billion Hit From Hurricane Ian Could Affect 2022 Targets October 21, 2022 By Stephan Kahl Munich Re said it will probably take a hit of about 1.6 billion euros ($1.6 billion) after hurricane Ian led...
Arch Capital Estimates Q3 Catastrophe Losses Could Hit $560 Million October 19, 2022 Arch Capital Group Ltd., the Bermuda-based re/insurer, reports that its 2022 third quarter results will be negatively affected by claims...
Swiss Re Expects Claims From Hurricane Ian to Bring Q3 Loss October 18, 2022 Swiss Re forecast on Tuesday a third-quarter net loss of around $500 million after the reinsurance company absorbed preliminary claims...
Lloyd’s Has Strong H1 Underwriting Profit, but Reports Overall Loss on Investment Hit September 9, 2022 By L.S. Howard While Lloyd’s reported a strong underwriting profit during the first half and its best combined ratio in five years, similar...
China’s Ping An Insurance H1 Profit Rises 3.9% August 23, 2022 Ping An Insurance Group Co. of China, China’s largest insurer by market value, reported a 3.9% rise in first half...
Dutch Insurer NN Group’s H1 Profit Slips on Impact of Storm Claims August 12, 2022 NN Group’s core profit fell 12.1% year-on-year in the first half of 2022, the Dutch insurer said on Thursday, citing...
UK Insurer Aviva Posts 14% Rise in H1 Operating Profit August 11, 2022 By Carolyn Cohn Aviva plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio August 9, 2022 By Stephan Kahl Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a...