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QIC's quarterly profit plunges on reserves hit

Reserve strengthening from prior loss years caused a 35 percent deterioration in Qatar Insurance Company’s underwriting profit in the first quarter.

John Hewitt Jones, 25 April 2018
Universal beats forecast again with 30% profit jump in Q1

Universal Insurance posted first quarter earnings that were up about 30 percent on a year earlier as improving expense ratios accompanied a sharp rise in premiums.

Rachel Dalton, 25 April 2018
Regulatory actions should be transparent

When regulators act, organisations under their purview pay attention. At least, that’s the general idea.

Ted Bunker, 25 April 2018
Allianz to delist Euler Hermes on Friday

German carrier Allianz will squeeze out remaining shareholders in Paris-listed Euler Hermes and delist the trade credit insurer on Friday (27 April).

Laura Board, 25 April 2018
Markel profit falls despite Q1 underwriting gains

Markel reported a 17.5 percent drop in first quarter operating income even as the specialty insurer swung to a healthy underwriting gain and its combined ratio improved.

Ted Bunker, 25 April 2018
Investment performance helps WR Berkley beat estimates

The insurer reported net income per share that jumped 35 percent to $1.30 largely because of a strong investment performance.

Anthony Baldo, 25 April 2018
Chubb matches Street view as ex-cat earnings rise 5.3%

Chubb met Wall Street's consensus estimate for its first quarter earnings, while its results rose by 5.3 percent when catastrophe losses were excluded.

Ted Bunker, 25 April 2018
Genworth and China Oceanwide again refile CFIUS notice

Genworth, a long-term care insurer, says the decision to re-file was made so that the agency could spend more time to “review and discuss” the merger that it and the Chinese conglomerate announced in October 2016.

Laura Sanicola, 25 April 2018
Asplin trial: DAS owed ‘10s of millions’ by service firms

Companies providing medico-legal services ran up “tens of millions of pounds” of debt to Munich Re-owned insurer DAS, a court heard today.

John Hewitt Jones, 24 April 2018
Bridging the gap

One of the major post-HIM talking points in reinsurance circles was the question of whether there was a gap in loss estimates recognised by individual carriers and the overall anticipated industry burden.

24 April 2018

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