Industry Segments: Results Page 8 / 22
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- November 4 2022
Spurt in rates punch a US$200bn hole in insurers’ H1 2022 earnings
AM Best said it does not expect negative ratings actions as carriers have strong fundamentals.
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- September 20 2022
‘Solid’ premium growth to offset claims’ inflation for New Zealand P&C carriers: S&P
The market's average combined ratio to remain in the 87-90% range over the next three years.
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- September 19 2022
Korean Re’s H1 profits tumble 44% on overseas underwriting slide
The combined ratio for international business climbed to 107.4% from 96.3% in H1 2021, while overall GWP grew 10%.
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- September 14 2022
FWD refiles for Hong Kong IPO
Stock exchange filing revealed that H1 new business reached US$405m, up 25% year-on-year.
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- September 12 2022
China P&C premium pile grows 9.3% as foreign insurers double market share
China's P&C premium increased to US$132bn in the first seven months of 2022.
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- September 9 2022
Lloyd’s Asia posts 25% H1 growth but COR deteriorates
Marine and cargo premiums grew for the first time in three years, but the region took a hit from Australian floods.
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- September 1 2022
Hong Kong’s H1 GI underwriting profits rocket 134%
Reinsurance underwriting profit climbed from US$4.7m in H1 2021 to US$98.6m.
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- August 31 2022
China Re’s Chaucer ‘actively’ explores non-Lloyd’s market as H1 GWP up 20%
Net profit at the group's P&C reinsurance business dived 56.1%.
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- August 30 2022
China Taiping’s domestic P&C arm sees H1 COR improve to 98.8%
Taiping Re's P&C division fell to an underwriting loss of US$21m.
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- August 29 2022
CPIC P&C combined ratio improves to 97.2% in H1 2022
P&C GWP saw a 12.3% increase driven by agriculture and health businesses.
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- August 26 2022
Tune Protect sees strong H1 premium growth but losses widen
Covid claims at its Thai subsidiary drove up total claims to US$10.7m.
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- August 24 2022
Unprecedented rise in need to place risks internationally: AUB Group CEO
AUB saw 22.2% profit growth in FY 2022 as M&A and rising GWP drove Australia revenues, but NZ earnings hit by BWRS challenges.
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- August 24 2022
PSC agrees US$5.4m Hong Kong broker deal; posts 30% EBITDA growth
Underlying revenue in FY 2022 grew 22.8% to US$175.4m including 13% of organic growth.
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- August 23 2022
Ping An’s H1 P&C combined ratio deteriorates to 97.3%
The operating profit for the segment fell 22.3% to US$1.2bn.
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- August 18 2022
Ardonagh H1 results bolstered by Australia and specialty business
Revenue contribution of specialty and international climbed to 44% after a string of acquisitions last year.
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- August 17 2022
Steadfast swoops for Insurance Brands Australia, posts strong results
The broking group is paying US$210m for IBA which owns specialty underwriting agency ProRisk.
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- August 15 2022
Seoul flooding hits P&C players with ‘material’ losses
Claims from the record downpour expected to top US$115m.
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- August 12 2022
IAG places ‘largest’ nat cat allowance as underwriting profit falls 5%
Weather claims "more than doubled" in FY 2022 across Australia and New Zealand.
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- August 12 2022
P&C boosts Zurich’s H1 APAC profits
Regional COR improved to 91% as firm benefited from travel rebound with profits climbing 30%.
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- August 11 2022
QBE COR climbs to 94.1% as H1 profits slump 66%
US$840m in investment losses due to wider credit spreads and market volatility.
