James Blackham, CEO of UK’s only pay-by-mile car insurance provider By Miles, renews refunds call as insurers’ profits rise “At the start of the first national lockdown, we predicted that insurers would enjoy increased profits as […]
The latest forecast from Moody’s for you; In April, we changed the outlook for the US life insurance sector to negative from stable. Although the global economy has begun to rebound, the recovery is fragile […]
Hannover Re expects Group net income of more than EUR 800 million for the 2020 financial year. The company increased its reserves for Covid-19-related losses in property and casualty reinsurance by EUR 100 million to […]
The latest resuts from Hannover Re for you; Hannover Re achieves profit of EUR 402 million for the half-year despite substantially increased risk provision for Covid-19 Reserves for Covid-19 strengthened substantially in first half-year owing […]
The profitability of European property and casualty (P&C) insurers will come under increasing pressure as interest rates are likely to stay low for longer than previously expected amid the slowdown in global growth, and with […]
Hannover Re boosted its result by 2.5% in the first quarter. Key drivers here were double-digit increases in earnings from life and health reinsurance as well as from the investment portfolio. “In the first quarter […]
The latest financials from Royal London show that a loss in 2018 was turned into a healthy profit of £436m before tax in 2019. Net asset management revenue went up by 29%, which offset a […]
Lloyd’s managing agency AEGIS London reported an increase in profits for 2019 on the back of increased gross written premiums. Its managed syndicate posted a profit of £31.1m, up 7% on 2018’s figure of £29.1m, […]
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