China’s Ping An Insurance Reports 17.6% Drop in 2022 Profit March 15, 2023 Ping An Insurance Group Co. of China Ltd., China’s largest insurer by market value, reported a 17.6% drop in its...
Generali Hikes Dividend Payout After Posting Its Best Ever Operating Profit March 14, 2023 By Gianluca Semeraro Italy’s Assicurazioni Generali surprised investors on Tuesday by hiking the dividend payout on its 2022 results after posting its best...
Lloyd’s Expects 2022 Loss of $947.6M on Investments; Underwriting Results ‘Strong’ March 9, 2023 By L.S. Howard Lloyd’s reported an interim full-year 2022 loss before tax of £800 million ($947.6 million) as a result of investment losses...
Updated: Aviva CEO Says Demand for Private Healthcare Rising on NHS Woes March 9, 2023 By Laura Benitez and Anna Edwards Aviva Plc said it is seeing increased demand for private health insurance because of the strains the National Health Service...
Reinsurance Recap: 2022 Results Mixed as Market Improves February 28, 2023 By L.S. Howard Full-year 2022 financial results, reported by a handful of international groups that write reinsurance, show mixed results in a market...
QBE Insurance Announces $1.9 Billion Loss Portfolio Transfer With Enstar February 17, 2023 By L.S. Howard QBE Insurance Group announced a reinsurance transaction with legacy acquisition specialist Enstar, designed to de-risk the group’s exposure to portfolio...
Allianz Returns to Q4 Net Profit After U.S. Funds Debacle February 17, 2023 By Tom Sims and Alexander Hübner Germany’s Allianz on Friday swung to a fourth-quarter net profit, rebounding after taking big charges a year earlier for a...
Zurich Insurance Reports 12% Drop in Net Income to $4.6B, but Exceeds Targets February 10, 2023 By L.S. Howard Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12% decrease from $5.2 billion...
Outlook Negative: AM Best Revises U.S. Personal Lines as Auto Results Weaken September 9, 2022 By Chad Hemenway AM Best said it held the belief that the U.S. personal auto line would right the ship following weakening performance...
U.S. P/C Records $6.3 Billion First-Half Underwriting Loss: AM Best September 6, 2022 Growth in net premiums and a decline in policyholder dividends were eclipsed by losses and expenses to result in a...