Peak Re’s net profit decreases 16% to US$73.2m as claims rise
July 5 2022 by Karen Lai
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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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China Re returns to profit on strong FY2023 primary P&C, overseas growth
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China's largest P&C reinsurer said lower cat losses, and improved rate conditions at its wholly-owned Chaucer also helped it achieve a 18% growth in overseas reinsurance gross written premium.
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PICC P&C 2023 net profit drops as nat cats, post-Covid reopening aggravate claims
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China's largest P&C insurer saw net profit for the financial year drop 15.6% and its combined ratio edge up to 97.8%
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