China Taiping’s H1 domestic P&C profit doubles as reinsurance business reverses losses
August 27 2024 by Georgina Lee
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China Re H1 2024 insurance revenue of domestic P&C reinsurance up 17.5% to US$3.3bn
- August 31
Overseas P&C reinsurance and Chaucer and P&C insurance divisions grew 10.2% and 2.6% year-on-year, respectively.
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Steadfast FY 2024 net profit climbs 22% on acquisition growth
- August 29
Underlying net profit rose to US$171.3m, as new business acquisitions and equity investments contributed 55% of the broking group's operating profit growth.
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PICC P&C H1 underwriting profit down 5% as liability insurance losses bite
- August 28
Underwriting profit for China's largest P&C insurer totalled US$1.26bn, as COR edged up 0.4 percentage points to 96.2%
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Tune Protect H1 2024 insurance revenue drops 15.2% to US$43.7m
- August 28
Its COR deteriorated to 107.5% versus 95.4% in H1 2023 due to the higher net incurred claims and attributable expenses.
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Peak Re | Emerging Asia middle class: A catalyst for change
Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
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Rimkus, CCi, and Hargreaves Jones set for continued global growth under one brand
A series of successful acquisitions has extended Rimkus’ services and expanded its global footprint.
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Aviva Investors | Liquidity optimisation for insurers: Building a bespoke portfolio solution
In this in-depth case study, we look at how bespoke liquidity portfolios that take into account the interplay between different assets can suit the needs of insurers.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
