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
- Covid hits North numbers harder in 2021/22 than in 2020/21 August 10, 2022In the full North of England Club Directors Report 2022, the Association noted two impacts of the Covid-19 pandemic on the cost of claims during the 2021/22 policy year, compared to 2020/21 .....
- MS Amlin Q1 loss hits £93m; Ukraine losses have impact August 8, 2022MS Amlin's fell to a loss of £93m in Q1 of its financial year, from of £49m in Q1 2021, as group profits at parent MS&AD shrunk by 49% to ¥60bn. The carrier attributed the losses at .....
- Japan Club sees reserves decline after another tough claims year August 8, 2022Japan Club has reported a ¥407m post-tax deficit for its financial year to March 31st 2022. Shizuo Takahashi, Director General, said that business year 2021/22 was affected by the ongoing .....
- Growth at Steamship in 2021/22, but CR remains above 100%, and investment return goes negative August 5, 2022A combined ratio of 113% and a negative investment return of $2.8m meant that Steamship Mutual's free reserves declined by $37m to $474m in 2021/22, following a $4m decline the .....
- Marine markets “continue to harden” says Swiss Re August 3, 2022Swiss Re said that "aviation and marine markets are expected to continue to harden" in its half-year report, which saw its profits decline for H1 as a result of a decline in investment returns ....
- Lancashire reports H1 growth in marine July 28, 2022Re/insurer Lancashire has said in its H1 report that growth in the marine segment was primarily driven by new business, particularly in the marine cargo and marine liability classes of business .....
- Beazley delivers best half year combined ratio since 2015, but investment returns plummet July 25, 2022Re/insurer Beazley has reported a pre-tax gain of $22.3m for H1 2022, compared with a gain of $167.3m in the first half of 2021. Gross premiums written increased by 26% to $2,554.9m, from .....
- Skuld’s ‘A’ rating affirmed by Standard & Poor’s July 19, 2022On 14 July 2022, Standard & Poor's (S&P) ratings services reaffirmed its 'A' rating on Assuranceforeningen Skuld (Gjensidig). It has a Negative outlook, in common with many other P&I Club .....
- UK Club Report: decline in free reserves continues, but slows July 18, 2022UK Club has released its directors' report & financial statements for the year ended February 20th 2022 The Club's free reserves fell slightly, with its investment returns insufficient to ....
- Syndicate results 2021 #60 Syndicate 6134 Argenta SPA July 17, 2022The Lloyd's syndicates have now published their results for 2021 and, in some cases, added detail and an outlook for 2022. Some have stuck to the bare bones. As last year, IMN is summarizing .....