AIG reported an underwriting loss of $343m (£262.8m) for general insurance business in the second quarter of 2020.
RSA will look to cut further costs in its UK arm, RSA CEO Stephen Hester confirmed as the insurer released it first half results for 2020.
Hiscox has not seen a slowdown in business as a result of its high-profile involvement in disputes over coronavirus business interruption claims, the insurer’s global retail CEO Ben Walter told Post.
Hiscox swung into a loss for the first half of 2020 as it increased its Covid-19 claims hit estimate.
In a half year results call, Marsh and McLennan CEO Dan Glaser aired a “personal” view that the Aon and Willis Towers Watson merger will be negative for clients and the market .
The net liability position of Complete Cover’s ultimate holding company Key Topco improved from a deficit of £93.4m at the end of 2018 to just £1.7m by the end of March 2020 after the takeover by Sun Capital Partners at the start of this year.
The new backers of Mulsanne Insurance Company had to invest £7m into the Gibraltar-based underwriter this April to meet solvency capital requirements.
Motor specialist insurer Sabre was pleased overall with the half-year results as the coronavirus pandemic pushed premiums down 14% to £86.9m, CEO Geoff Carter told Post.
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Beazley has posted a pre-tax loss of $13.8m (£10.8m) for the first half of 2020 after seeing claims surge for its contingency and property divisions amid the Covid-19 pandemic.
QBE has predicted it will deliver a $750m (£581.7m) post tax loss when its half year results for 2020 are published next month.
Munich Re was hit by €700m (£631.7m) of Covid-19 related reinsurance losses in the second quarter taking its year to date figure to €1.5bn, the reinsurer has revealed.
PIB Group’s bill for buying five companies last year was £75.6m, according to a filing at Companies House, which also revealed the results of stress tests to assess the impact of Covid-19.
With analysts cautioning the Covid crunch will begin to bite insurers in the second quarter of 2020, Post investigates what impact the coronavirus pandemic has already had in the first quarter
CDL Group has reported a 5.1% fall in turnover to £52.9m along with a 31.4% drop in post-tax profit to £4.7m for the year ended 30 September 2019.
Chubb has estimated that it will face $1.37bn (£1.1bn) of pre-tax losses - $1.16bn after tax - in its second quarter results due to the global coronavirus pandemic.
Arag has posted a 14.7% rise in turnover to £14.1m for the year to 31 December 2019.
Ecclesiastical delivered £58m in post-tax profit last year, more than treble the £15.2m achieved in 2018, according to a filing at Companies House.
Gross written premiums at Das Legal Expenses Insurance dropped from £117.9m in 2018 to £114.8m last year according to the firm’s 2019 Solvency and Financial Condition Report which also revealed a £3.7m “recovery” from its involvement in a private…
Axa has estimated it will face €1.2bn (£1.07bn) in property and casualty coronavirus related costs along with spending €300m on ‘solidarity measures’.
Randall & Quilter Investment Holdings has reported a 180% rise in pre-tax profit from continuing operations to £40.1m for the year ended 31 December 2019.
Ardonagh Group has revealed a 1% drop in income year-on-year in April, pointing to a limited impact from the Covid-19 crisis as adjusted Ebitda rose to £20.7m.
Aviva has predicted it will see £200m in business interruption claims net of reinsurance.
Beazley hopes to raise £247m through the placing and subscription of new shares representing 15% of the insurer’s existing issued share capital.