IAG places ‘largest’ nat cat allowance as underwriting profit falls 5%
August 12 2022 by Andrew Tjaardstra
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Tower upgrades FY 2024 profit outlook to US$20m
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The updated guidance assumes full utilisation of the FY 2024 large events allowance, which is set at US$26.5m.
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The Indian general insurer's GWP grew by 17.5% US$3bn and net profit was up 11% year-on-year.
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Peak Re returns to record profit in 2023 on higher rates, reduced US nat cat exposure
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The Hong Kong reinsurer posted US$200m net income for the year and its P&C combined ratio improved notably to 87.3%, from 110.1% a year ago.
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China Pacific Insurance P&C 2023 net profit down 20% as investment income plunges
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China’s third-largest P&C insurer by premiums saw its combined ratio edge up by nearly 1 percentage point to 97.7%. Its liability business was the only business line with an underwriting loss.
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