Zurich APAC COR improves to 91.7% as P&C GWP jumps 18%
February 10 2023 by InsuranceAsia News
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CCR Re’s Africa and Asia FY 2023 GWP increases by 27%
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The reinsurer saw moderate claims in Asia throughout the year, not affected by big cat events such as typhoons Doksuri in Beijing and Saola in Hong Kong and saw few individual claims in Korea.
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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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ICICI Lombard’s FY 2024 underwriting losses up 10% at US$1.2bn, COR dips to 102.2%
- April 18
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
- April 2
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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