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
- Standard Club Financial Report 2021 September 21, 2021For the 2020/21 financial year Standard Club recorded a combined ratio of 121% (2019/20: 131%). It said that the loss was driven by exceptionally high claims on the Pool made by other .....
- Investment returns zoom Shipowners’ back into H1 profit September 13, 2021Shipowners’ Club booked a net gain of $15 in its first half, to June 20th 2021, helped by buoyant equity markets that generated an investment return of 2.9% for the club in the first ....
- Increased number of large claims hits Skuld’s H1 result September 9, 2021Norway-based marine insurer and mutual P&I Club Skuld has reported a loss of $24.9m for the first six months of its 2021/22 financial year to February 20th 2022, compared with a loss of $14.5m .....
- Insurance payout boosts drilling contractor to profit September 8, 2021An insurance payout related to the wrecked Naga 7 (IMO 9679012) helped lift Malaysian drilling contractor Velesto Energy to a gross profit during the quarter ending on June 30th. Velesto's ....
- Significant growth for The Swedish Club in H1, but high CR hits bottom line August 25, 2021The Swedish Club has reported "continued progress in business development" for H1 2021, with P&I running at 60m gt (4,400 vessels insured). Gross premiums earned rose to $92.3m, from $85.9m ....
- QBE swings back into profit in H1 August 13, 2021Marine energy and aviation made up 7.2% of H1 GWP, down from 8.6% in H1 2020. Most of the MEA written was in the International Division, where it was the third-largest sector .....
- Japan Club Annual Report August 9, 2021In its annual report for policy year to February 20th 2021, Japan Club's Director General Shizuo Takahashi noted that many group clubs had increased their insurance premiums for the policy year ....
- Hiscox Re achieved double-digit rise in marine treaty at Jan 1st renewal August 4, 2021In reporting its first-half results, Hiscox has said that its Hiscox Re & ILS achieved an average increase of 9% across the portfolio and a cumulative rate increase of 36% since 2017 ....
- S&P affirms Skuld’s “A” rating July 30, 2021Rating agency Standard & Poor's has affirmed the 'A' rating of Norway-based marine insurer and mutual Skuld. S&P said that Skuld had a strong reputation and a market position in the .....
- Marine GWP at Lancashire drops 10.8% in H1 July 29, 2021Bermuda-based re/insurer Lancashire Holdings (Lancashire, Lancashire Insurance Co (UK), Lancashire Syndicates Ltd) has reported a 10.8% decline in marine gross written premiums, down to $47.7m ....