Subject: Results Page 10 / 27
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- May 22 2023
Japan’s big 3 count on overseas recovery as domestic results take nat cat hit
Tokio Marine, MS&AD and Sompo expect a revival in international units to drive FY 2023 performance.
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- May 19 2023
Sompo Japan COR deteriorates to 100.9% in FY 2022
Sompo International improves underwriting profit by 25% over last year despite US$553m of nat cat losses.
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- May 19 2023
MS&AD’s Japan non-life units fall to US$110m underwriting loss
The Tokyo-headquartered giant saw local cat losses increase 104% year-on-year at its two domestic P&C players, while MS Amlin returned an underwriting profit of US$78m.
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- May 19 2023
Tokio Marine books US$760m FY 2022 Covid losses from Taiwan
The group also saw losses of US$570m from two typhoons and a huge hailstorm in Japan, as overall FY 2022 profit climbed 1.7% to US$2.72bn.
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- May 15 2023
Allianz Asia Pacific COR improves to 95.1% in Q1
Operating profit in the region improved 52% to US$45m, while the insurer's Australian arm returned to profit.
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- May 12 2023
Skuld posts US$122m premium income from Asia
The P&I club, which generated 26% of premiums from Asia, improved its combined ratio to 97% in FY 2022/3 from 107% in the year before.
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- May 12 2023
QBE hits 90% of H1 cat allowance, adjusts COR target
The global carrier has also strengthened reserves by US$130m for weather events in FY 2022.
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- May 12 2023
Hannover Re sees up to 20% nat cat rate hike in Japan 1.4 renewals
APAC benefits from the discontinuation of proportional business; books US$100m of New Zealand cat losses.
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- May 8 2023
Tower sees Auckland flooding costs double to US$142m
The Kiwi insurer, whose cat event reinsurance kicks in at US$7.5m, is expecting to book US$3.5m of H1 losses.
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- May 5 2023
Swiss Re Asia 1.4 renewal premiums grow 25%
The reinsurer booked US$171m in New Zealand Q1 cat losses, says "a continuation of related costs seems unlikely at the moment'.
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- May 3 2023
Peak Re COR at 101.4% as it reports first-ever net loss
The Hong Kong-based reinsurer's GWP grew 7% to US$2.3bn in FY 2022, but it posted a net loss of US$81m.
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- April 27 2023
Ping An P&C combined ratio rises to 98.7% in Q1
The Chinese insurer said that claim expenses of the guarantee insurance business increased due to 'changes in the market environment'.
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- April 26 2023
Chubb’s P&C book sees 18.6% APAC Q1 growth
The insurer's global first-quarter operating profit grew 12% to a record US$1.84bn.
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- April 21 2023
Marsh McLennan targets US$300m savings by 2024, Marsh sees 11% APAC Q1 growth
The global broker has been changing its senior management structure by appointing regional and country leaders to oversee its four units Marsh, Mercer, Oliver Wyman and Guy Carpenter.
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- March 31 2023
Chaucer results bolster China Re amid difficult year
The Lloyd's specialty player's COR at 92.99% in FY 2022 while the group's P&C reinsurance arm saw profits fall 55.5%.
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- March 30 2023
Peak Re fell to a US$79.8m loss in FY 2022
The Hong Kong-headquartered reinsurer reported GWP of US$2.295bn up from US$2.145bn in FY 2021.
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- March 30 2023
China Taiping’s domestic P&C COR improves to 99.5%; Taiping Re’s at 102.6%
The insurance group's overseas P&C business saw a net profit gain of 589%, while its reinsurance arm's net profit grew 538%.
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- March 28 2023
PICC P&C underwriting profit jumps 579%, COR improves to 97.6%
The Beijing-headquartered insurer's GWP grew to US$71bn with non-motor lines growing 11.4% year-on-year.
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- March 28 2023
China Pacific P&C COR improves to 97.3%, non-motor sales spurt
The Chinese giant's P&C GWP climbed 11.6% to US$23.8bn in FY 2022.
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- March 24 2023
Lloyd’s Asia GWP growth ‘in line’ with global figure of 19%
Iain Ferguson, Lloyd’s regional director APAC, Middle East & Africa, said FY 2022 expansion had been driven by specialist classes, property, financial lines and treaty.
