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The carrier boosted net premiums by 45% and shaved 2 points off its expense ratio.
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The improved combined ratio was driven by lower losses and expenses.
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The international segment’s net written premium contracted 5%.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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The reinsurer said discipline was now “equally important as price”.
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The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
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Aspen's GWP increased 0.9% to $1.13bn, as it focuses on “robust cycle management”.
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P&C GWP grew by 7.1% to EUR26.8bn over the period.
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The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
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The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
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The carrier attributed the results to a significant fall in major-loss expenditure.
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The group raised its full-year net income guidance to EUR2.6bn.
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On a net basis, premiums written were up 4.7% to $641.3mn.
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The carrier’s top line grew to $1.4bn in the first half of 2025.
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Cyber, mortgage and crop were identified as attractive growth areas.
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The carrier said nat-cat losses remained “well below” those of prior years.
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The carrier’s retail division saw premiums increase by 7.3% to $2bn.
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The executive said the firm has grown its casualty business by 80% from 2022.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The carrier anticipates a “favourable” retro renewal at 1.1.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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The carrier said market dynamics remained robust, with overall pricing healthy.
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Lack of major cat events could add further pressure on 1 January pricing.
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Citi and Berenberg believe the carrier is more resilient than in the past.
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Both the primary and reinsurance segments benefitted from a light cat year.
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While attritional losses were up for the quarter, those in the carrier’s core business declined.
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CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
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The Spanish (re)insurer reported a group net profit of EUR829mn.
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The broker grew earnings per share by 12.1% during the quarter.
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Opportunities for profitable growth in cat will be hard to predict, the executive said.
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The French reinsurer improved its P&C combined ratio by 7.4 points to 80.9%.
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The company reported no cat losses but saw a jump in attritional losses.
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The insurer continues to exit or reduce unprofitable lines and slowed growth as a result.
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The broker is monitoring whether the economic environment will limit discretionary spending.
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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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In insurance, premium growth came from all lines of business except cyber.
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Rates pulling back will rein in some of the excess margin obtained over the past three years, he said.
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The upgrade reflects consistent outperformance of “higher-rated peers”, S&P said.
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The property segment reported a combined ratio of 15.5% for the quarter, versus 60.3% a year ago.
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Despite the pricing pressure, margins for the line of business remain attractive, he added.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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Consolidated NWP reduction was driven by the reinsurance segment, partly attributable to two transactions in Q3 2024.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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Total pre-tax favorable prior period development in the quarter was $361mn, up nearly 48% YoY.
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The company noted tougher market conditions and higher large losses during the year.
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The investor has made four new investments post-H1.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
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Continental composite carriers aim to smooth volatility with new initiatives.
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The Lloyd’s investment business has cut expenses by 54% over the past six months.
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The broker’s headline Ebitda was $20mn, up from $5.6mn in 2023.
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It said the loss did not reflect the underlying economic performance of the business.
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Property remains the dominant line, accounting for nearly 30% of total London premiums.
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Rachel Turk said product-line facilities had been “under-scrutinised”.
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Lloyd’s reported reinsurance GWP increased 10.6% to £13.2mn.
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Gross written premium was up 6% year on year.
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The ratings agency was presenting its outlook ahead of the Monte Carlo Rendez-Vous.
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The division reported revenue up 13.3% at A$465.9mn.
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The Bermudian reiterated its pledge to improve performance.
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The combined ratio worsened slightly by 0.5 points to 91.6%.
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The mid-year renewals point to mounting pressure on reinsurance pricing.
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Top line grew across all carriers even as pre-tax profits dipped.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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Nat-cat events triggered A$1.36bn of losses during the year.
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The overseas division booked a combined ratio of 94% for the quarter.
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The carrier also reported a slightly improved combined ratio of 94.6%.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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The London carrier missed consensus on gross and net premiums for H1.
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The carrier’s profit grew 34% for the year to A$1.35bn.
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The carrier booked top-line growth of 2% in H1.
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Rates were down 3.9% across its portfolio in the first half of 2025.
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The Hannover Re CEO said rate adequacy remains “attractive” overall.
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California wildfires were the reinsurer’s largest H1 loss, at EUR615.1mn.
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The carrier cited elevated cat and large-loss activity, including the LA wildfires.
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The reinsurer chair said the frequency of losses today “will prevent prices from slipping too much.
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California wildfire losses were partially offset by improved underlying underwriting.
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The P&C re segment’s combined ratio improved by 12.7 points to 61.0%.
