Steadfast FY 2024 net profit climbs 22% on acquisition growth
August 29 2024 by Georgina Lee
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Japanese P&C carriers 2023 underwriting profit rises 55% to US$1.2bn
- September 6
Net premium income rose to US$63.3bn as net claims paid dropped by US$370m during the financial year, according to Toa Re's 2024 annual report citing results of 29 members of the General Insurance Association of Japan.
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Lloyd’s logs best interim results since 2007 as H1 underwriting profit up 24%
- September 5
The market’s COR improved to 83.7% from 85.2% a year ago, as its underwriting profit rose to US$4.07bn, thanks to premium growth and better investment returns.
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Allianz APAC total business volume up 13% to US$4.8bn in H1 FY 2024
- September 5
The regional P&C business' operating profit increased by 16% to US$92m on the back of a 12% growth in total business value.
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Korean carriers report H1 2024 12.2% net income increase to US$4.3bn
- September 2
Non-life premium income for the first half of 2024 increased 4.3% from a year ago to US$45.7bn, according to the Financial Supervisory Service data.
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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.
