Company Results : Marine Insurance
Reporting and analysis on the financial performance of the companies operating in marine insurance sector – insurers, P&I clubs and brokers
- American Club reports stability at 2024 P&I renewal March 18, 2024American Club has reported “relatively moderate drops” from the year-on-year renewal results, which it said reflected overall stability within the context of recent challenges added to the ....
- AEGIS 1225 books 79.4% CR for 2023 March 14, 2024AEGIS London, Lloyd’s Syndicate 1225, a subsidiary of AEGIS (Associated Electric & Gas Insurance Services Ltd), has reported a combined ratio for 2023 of 79.4% – an improvement of 4.4 percentage .....
- Antares syndicate reports record profit March 13, 2024Antares Syndicate 1274 has reported that GWP in 2023 increased year-on-year by 8.1% to $600m (2022: $555m), with the biggest drivers of growth being its reinsurance classes, followed by marine ....
- MS Amlin reports record profits and combined ratio March 13, 2024MS Amlin, the Lloyd’s global (re)insurer and Managing Agent of Syndicate 2001, has reported an adjusted combined ratio of 86.6% – an improvement of 9.6 points and the best for more than a decade .....
- Lloyd’s reports 11.6% rise in GWP for 2023 March 8, 2024Lloyd’s has reported gross written premium of £52.1bn for 2023, up 11.6% from the £46.7bn reported in full-year 2022. The full results will be released on March 28th, accompanied by guidance .....
- Beazley reports growth in cargo account March 8, 2024Publishing its results for the period ending December 31st 2023, which saw pre-tax profit rise to $1,254m, from $584.0m in 2022, with a discounted combined ratio of 71% (79% in 2022), Beazley ....
- London P&I Club reports positive 2024 renewals outcome February 26, 2024The London P&I Club has reported what it described as “a strong outcome for its annual renewals for 2024, with a growth in mutual tonnage of 8.9% year on year”. The Club said that it renewed .....
- NorthStandard reports rise in premium income for 2023-24 February 23, 2024Group Club NorthStandard has reported a rise in premium income for the policy year to February 20th 2024, with premium revenues exceeding $825m, up form a combined $796m at the point of merger ....
- West reports “positive renewal” after strong Member support February 22, 2024The West of England P&I Club (West P&I) has reported a successful renewal for 2024-25, with a selective approach to new business. It noted that “strong organic growth from existing Members .....
- Skuld reports “successful renewal” for 2024/25 policy year February 21, 2024Norway-based marine insurer and group club Skuld has reported a successful renewal of P&I policies for the 2024/25 policy year, which began yesterday. Skuld’s mutual P&I gross tonnage has risen .....