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
- Lloyd’s reports H1 loss, marine among loss-making lines September 11, 2020Lloyd's of London fell to a loss of £438m for the first half of 2020, noting that its member syndicates would pay some £2.4bn in pandemic-related claims for the first six months. Lloyd's ....
- Non-Skuld pool claims negatively impact half-year result September 9, 2020Skuld ended the first six months of the 2020/21 policy year with a loss of $14.3m, compared to a gain of $2m for the same period last year. The half-year technical result yielded a ....
- UK Club sees balance rise in policy year 2020, although net earned premiums decline September 3, 2020UK Club has published its group solvency and financial condition report for the year ended February 20th 2020 – a detailed look at the club's financial situation ....
- Premiums up at Swedish Club for first half August 24, 2020Swedish Club has reported gross premiums earned of $85.9m for the first half to June 30th 2020, up from $72.8m in the same period last year. Premiums net of reinsurance rose to $66.9m, from ....
- Strong investment returns at UK Club, but CR hits 120% August 13, 2020UK Club has released its full 2020 Directors' Report & Financial Statements for the year to February 20th 2020 Chairman Nicholas Ingelssis said that the 2019/20 year, which was the ....
- RCG posts $1.6bn Q2 loss August 11, 2020Cruise ship operator Royal Caribbean Group has reported a bigger-than-expected Q2 loss. It said that with the current global cruise industry still effectively at a standstill, it expected to burn ....
- Hiscox reports H1 loss and “an active period” for large claims August 4, 2020Hiscox Group has booked a first half loss of $138.9m on GWP of $2,235.5m, compared to a gain of $168.0m on GWP of $2,337.5m for the same period last year. As previously announced ....
- Equity volatility has varying impact on Group Clubs: Gallagher July 30, 2020In broker Gallagher's webinar update last week on the state of the Group P&I Clubs, the contributors noted that free reserves recovered well in 2019-20, with $650-$700m in investment returns ....
- Pool Claims – Deterioration of 2019 losses feared: Gallagher July 29, 2020In broker Gallagher's webinar update last week on the state of the Group P&I Clubs, the contributors noted that free reserves recovered well in 2019-20, with $650-$700m in investment returns ....
- Japan Club slips into deficit for financial year 2019/20 July 28, 2020Japan Club has published its accounts for the financial year to the end of March 2020, without comment and without including the loss, expense or combined ratios ....