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MNRB Holdings Berhad posts improved reinsurance profit
MNRB Holdings Berhad, the parent to Malaysian Re, has reported a strong financial performance for its first six-month period ended 30th September 2023, on the back of steady growth in the Group’s...
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Africa Re reports improved Net Profit of $75.4mn in 9M 2023
The African Reinsurance Corporation has announced its financial results for the first nine months of 2023 reporting strong growth in Net Profit, to $75.4 million, a “remarkable improvement” compared to...
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Consilium sees 35% growth in 2023, expects to reach 1.4bn by 2026
International re/insurance broker Consilium, part of Aventum Group, has reported a 35% increase in revenue for the year ending June 2023 with Gross Written Premiums (GWP) at $600 million. The broker...
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QBE sees Q3 GWP growth of 7%, forecasts FY operating ratio of 94.5%
Australian insurer QBE has reported that 3Q 2023 gross written premium (GWP) growth was 7% on the prior corresponding period, on both a reported and constant currency basis. The firm also disclosed...
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HDI Global reports stronger combined ratio of 92.7% for 9M’23
Industrial insurer HDI Global, a part of the Talanx Group, has reported an improved year-over-year combined ratio of 92.7% from 95.4% for the first nine months of the year, as well as strong revenue...
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Swiss Re sets IFRS net income target of over $3.6bn for 2024
Global reinsurer, Swiss Re ahead of its transition from US GAAP to the IFRS accounting standard, has set a new IFRS target for net income of more than $3.6 billion for 2024. Simultaneously, the Life...
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Hamilton posts Q3 net income of $43.6m as GWP climb 18.3%
Hamilton Insurance Group has reported a Q3 2023 net income of $43.6 million, up considerably from Q3 2022’s loss of $136.1 million, while gross written premiums also grew 18.3% to $474.1 million. The...
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Guidewire shrinks net loss, increases revenues for fiscal Q1
Guidewire Software, a platform provider for property and casualty re/insurers, has reported a net loss of $27.1 million for the first quarter of fiscal year 2024, compared with $69.3 million for the...
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Helios Underwriting NAV per share increases 17%
Lloyd’s focused investment vehicle Helios Underwriting has announced its pro-forma Net Asset Value (NAV) per share as at September 30, 2023, has increased 17%, to £1.76. Martin Reith, Helios’ Chief...
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Hannover Re expects net income of €2.1bn for 2024, reinsurance revenue growth...
Hannover Re, one of the world’s largest reinsurers, is anticipating net income of at least €2.1 billion for 2024 and a combined ratio of below 89% in its property and casualty (P&C) reinsurance...
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Korean Re 9M net income hits KRW 292.9bn as insurance result soars
Korean Re has reported a net income of KRW 292.9 billion for the first 9M of 2023, with an insurance income of KRW 194.9 billion. This year’s net income figure is much improved compared to the KRW...
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RLI reports full year underwriting income of $173.2m on a combined ratio of...
RLI Corp. has reported a full year underwriting income of $173.2 million on a combined ratio of 86.6%, compared to $178.2 million on a combined ratio of 84.4% in 2022. The firm explained that...
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W. R. Berkley announces record Q4 and full year 2023 underwriting income
Property and casualty re/insurer W. R. Berkley Corporation has reported a Q4 2023 combined ratio of 88.4%, including current accident year catastrophe losses of $32 million, as the company’s pre-tax...
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Guy Carpenter revenue up 9% to $252m in Q4’23
Guy Carpenter, a global risk and reinsurance specialist and a business of Marsh McLennan, has reported total revenue in Q4 of 2023 of $252 million, marking an increase of 9% on an underlying basis. For...
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Canadian Personal Auto & Personal Property rates up in Q4: Applied Systems
The results of the latest Applied Rating Index by Applied Systems shows that average premiums for both Personal Auto lines and Personal Property lines increased in Canada year over year, in the fourth...
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Tryg posts strong 2023 earnings despite weather challenges and currency impact
Scandinavian insurance company Tryg has reported its financial results for the fiscal year 2023, showcasing resilience and growth amidst a challenging operating environment. Tryg experienced a...
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Kemper expecting to report Q4 adjusted net operating income of $45m-$55m
In its preliminary results for the fourth quarter of 2023, Kemper has announced an estimated net income and adjusted consolidated net operating income between $45 million and $55 million. According to...
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Arthur J. Gallagher sees revenues of $9.9bn in 2023 as key segments improve
Arthur J. Gallagher & Co. has reported full year 2023 total revenues of $9.9 billion, up substantially from the $8.4 billion recorded in 2022. Gallagher’s core brokerage segment reportedly made up...
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AJ Gallagher CEO highlights orderly 1/1 reinsurance renewals
In Arthur J. Gallagher & Co.’s Q4 earnings call, J. Patrick Gallagher, Jr., Chairman and CEO, provided insights into the 1/1 renewals in the reinsurance market, highlighting an orderly process and...
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Conduit set to surpass income forecasts due to investment portfolio valuation...
Conduit Holdings Limited (CHL), the parent company of Conduit Re, anticipates its comprehensive income for the year to be greater than current consensus forecasts, driven by a more positive valuation...
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