Saudi Re Reports Exceptional Financial Performance in 2024
Financial HighlightsSaudi Re has announced a net profit after zakat of SAR 475 million for 2024, marking a 282% increase compared to 2023. This impressive growth is attributed to…
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Generali Reports Record Financial Results for 2024
OverviewGenerali has reported record financial results for 2024, seeing growth across its business segments, with total gross written premiums increasing by 14.9% to €95.2 billion. The insurance group noted…
Global Insurance M&A in 2024 and Prospects for 2025
Global Insurance M&A in 2024In 2024, global insurance carrier M&A dropped to a 16-year low, with high interest rates, geopolitical instability, and increased regulatory oversight reducing carriers’ appetite for…
IQUW Reports Strong 2024 Financial Results with 22% GWP Growth
Financial PerformanceSpecialty insurer and reinsurer, IQUW, has announced its financial results for the year ending 31 December 2024, reporting a combined operating ratio of 83.3% and gross written premium…
Canopius Reports Strong Financial Results for 2024
Canopius Achieves Record Profitability in 2024Specialty and P&C insurer and reinsurer Canopius has reported a group undiscounted combined ratio of 90.2% for full year 2024, up from 2023’s 88.7%.…
Construction Insurance Market Dynamics in 2024
The construction insurance landscape in 2024 witnessed significant transformations, driven by an influx of new capacity and evolving competitive dynamics, as outlined in a detailed report by specialist re/insurance…
Aspen Insurance Holdings Reports Strong Underwriting Results for 2024
Bermuda-based Aspen Insurance Holdings has announced a significant improvement in underwriting results for both the fourth quarter and the entirety of the 2024 fiscal year. Despite facing increased catastrophe…
Verisk Reports Strong Fourth Quarter and Full Year 2024 Financial Results
Fourth Quarter 2024 Financial HighlightsVerisk, a global data analytics and technology provider, has reported consolidated revenues of $736 million for the fourth quarter of 2024. This figure was up…
Munich Re Reports Strong Financial Year 2024 Results
Munich Re's Financial Performance in 2024 Reinsurance giant Munich Re has reported a net result of €5.671 billion for the 2024 financial year, driven by the strong performance of…
Coface Reports Record Financial Performance in 2024 with €261 Million Net Income
Coface Reports Strong Financial Performance for 2024 In its financial results for the full year 2024, credit insurer Coface announced a net income (group share) of €261.1 million, reflecting…
Ryan Specialty Holdings Reports Record Financial Results for 2024
Ryan Specialty Holdings has proudly announced its exceptional financial performance for the fourth quarter and the full year ending December 31. In an impressive display of growth, the company…
QBE Insurance Group Reports Significant Reduction in Reinsurance Costs for 2024
QBE Insurance Group has revealed a noteworthy decrease in its reinsurance expenses for the year 2024, with costs dropping to $3,971 million, down from $4,226 million in 2023. This…