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Despite the COVID-19 pandemic, the U.S. property/casualtyindustry improved its overall profitability in 2020, with a 68 percent increase in net underwriting income and combined ratio that improved ...
Generali is confident it can hit its targets this year after Italy's biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit. Operating ...
British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces "brand damage" from a legal dispute over policy wordings ...
Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55 percent decline from the €2.71 billion (US$3.29 billion) reported for the previous year. The reinsurer's Q4 2020 ...
QBE officially announced a $1.5 billion bottom-line net loss for 2020 late last week, confirming a figure the Australia-based insurance group preannounced in late mid-December. The result represents ...
Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects ...
Zurich Insurance's new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and higher losses from natural catastrophes bit less than expected ...
Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, on Wednesday reported its first annual fall in profit since 2008, as COVID shutdowns hampered business growth. The ...
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