Underwriting results sharply deteriorated in the second quarter for The Insurance Insider's shrinking composite of short-tail specialists as compounding rate reductions combined with an above-average period for losses.
Arab Insurance Group (Arig) booked a 21.4 percent decline in gross written premiums to $186.1mn for the first half of 2015 as improved underwriting and investment performance bolstered the bottom line
Underwriting performance for the P&C reinsurance operations of global reinsurers generally improved during the second quarter as the group benefited from another period of benign natural catastrophe loss activity.
Tokio Marine posted an 8.4 percent increase in ordinary profits to 125.9bn yen ($1.0bn) for the three months ended 30 June 2015, as higher earnings from overseas subsidiaries offset lower profitability in its domestic non-life Japanese business.
