Metric Q2 2021 Q2 2020 H1 2021 H1 2020 Net income (loss) available to common shareholders US$228 million US$112 million US$344 million US$(73) million Operating income (loss) US$171 million US$72 million US$253 million US$(93) million Combined ratio 90.6% 94.7% 94.7% 107.1% According to the insurance group, its gross written premium rose 13% to US$1.9 […]
How can social media help solve insurers’ ‘trust dilemma’?
“The brutal, honest truth is that people aren’t talking about insurance on Twitter, outside of people working in the insurance industry,” noted Wilding. “There’s still some value in that conversation from a B2B perspective. It’s tricky to measure because the people who use #insurance tend to be people who work in the sector. And I’d […]
MGAA announces major expansion
“The Irish MGA market has been challenging in recent years due to a lack of underwriting capacity in the wake of personal injury claims inflation, broker consolidation and a restrictive regulatory environment under the Central Bank of Ireland in the wake of the 2008 financial crash,” said Keating. “We believe that opening up our membership […]
Lancashire publishes H1 financials
International specialty (re)insurance coverage supplier Lancashire Holdings Restricted has launched its first half numbers, which level to an enormous turnaround for the Bermuda-headquartered group. Right here’s how Lancashire carried out within the six months ended June 30, 2021: Metric H1 2021 H1 2020 Gross written premium (GWP) US$697.2 million US$495.5 million Underwriting revenue US$127.1 million […]
RSA, Enstar seal adversarial growth cowl deal
RSA Insurance coverage Group Restricted has signed an settlement with an Enstar Group Restricted firm for the availability of adversarial growth cowl. In a launch, Enstar stated the deal spans sure UK, Irish, and different companies of RSA and its subsidiaries, and a diversified combine of economic and private insurance coverage dangers. It was famous […]
RSA parent Intact’s Q2 2021 results exceed profit estimates
Intact Financial Corporation has posted its financial results for the second quarter of 2021, revealing that it has beaten profit estimates as premiums increased 29% – a development driven by its recent acquisition of RSA. The insurer posted operating income of CA$515 million (around £294.9 million), which translates into CA$3.26 per share. This reflects a […]
