Lloyd’s insurer Lancashire reported a net loss of $71.1m (£50.5m) for 2017 as fourth quarter natural catastrophes took their toll on its bottom line.
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Euler Hermes reported a 10% boost in group net income for the year ending 31 December 2016.
Direct Line expects to report profits of approximately £610m for the year ended 31 December 2017, according to a trading statement.
This week the results season well and truly got underway with big names in the UK’s insurance sector reporting back to market on how they fared over 2017.
AIG’s international general insurance business was hit by $399m (£286.5m) losses in in the last quarter of 2017, nevertheless an improvement on the $441m loss it suffered in Q3 2016.
Zurich UK suffered a £151m loss on its general insurance business as a result of the discount rate cut.
London market carrier Beazley is to target double digit growth over the next 12 months.
AA Insurance Services expects to deliver Ebitda of between £390m and £395m for the financial year ended 31 January, the company said in a market update.
Nat cats pushed Zurich’s property & casualty segment into the red last year, as hurricanes Harvey Irma and Maria saw the insurer report a 100.9% combined operating ratio for P&C.
Beazley saw profits fall by 43% as a result of exposure to “heavy claims” from natural catastrophes.
XL Catlin has reported a 58.7% increase in its loss in underwriting profit of across its property and casualty business during Q4 2017 compared to 58% in the same period during the previous year.
Marsh and McLennan Companies has reported a 6% boost in full year revenue.
Aston Scott Group saw a 40% increase in pre-tax profit to £1.9m to the year ending 30 June 2017.
Chubb reported net income for the fourth quarter ended December 31, 2017 of $1.53bn, a drop from the $1.61bn reported for the same quarter last year.
Leeds-based Romero Group saw adjusted Ebitda increase 14% to £2.7m in the year to 30 April 2017.
International broking giant Arthur J Gallagher will continue to acquire in 2018.
Watchstone has set aside £50.1m in preparation for a High Court claim issued against it by Slater and Gordon.
Aspen expects to post a $245m underwriting loss in the fourth quarter of 2017.
After five consecutive years of falling rates, global property-catastrophe reinsurance experienced upward pricing pressure at 1 January renewals.
The company responsible for auditing Quindell has been fined £700,000 for failing to “exercise sufficient professional scepticism”.
Australian insurance giant QBE is looking to turnaround its Asia-Pacific operations after announcing expected 115% COR in 2017.
Australian giant QBE is expecting a combined operating ratio of 104% and $1.2bn (£858m) loss for 2017's financial year.
Axis Capital estimates it will take a $130m hit as a result of fourth quarter catastrophe and weather-related losses.