HVRRY News and Press, Hannover Rueckversicherung SE ADR From 05/06/21

Global reinsurance firm Hannover Re has reported strong growth in premiums written of almost 17% on an adjusted basis for the first-quarter of 2021. The company reported net income of EUR 305.9 million for Q1 2021, which is 1.7% higher than a year ago. Hannover Re continues to tar...

AXA Group's overall revenues rose by 2% on a comparable basis in the first quarter of the year, but AXA XL outpaced the rest of the business, with a 4% rise in revenue. AXA XL has been leveraging its third-party reinsurance capital and insurance-linked securities related business to r...

Assets under management at Nephila Capital fell slightly to $9.5 billion at the end of the first quarter. Markel explained the dip in ILS operating revenue as partly due to Nephila's decline in assets. The ILS manager continues to be the largest in the sector. For further de...

RenaissanceRe fell to a net loss of $290.9 million for the first-quarter of 2021. The company raised an impressive over $760 million, which includes $131 million from its own coffers during the first-quarter. RNR recognised impacts to its Medici fund during the quarter. For ...

In reporting its first-quarter results late Tuesday, Chubb revealed a $700 million pre-tax hit from catastrophe events, $657 million of which came from US storms. Chubb said that its losses from the COVID-19 pandemic remained flat in Q1. Looking ahead, the insurer sees opportuniti...

The majority of the catastrophe loss burden for the first quarter of 2021 were to be found in the United States at an estimated $17 billion. The increase in estimate for the severe US winter weather to $15.3 billion is quite meaningful, as Jefferies' previous estimate for that event h...

Japan's Fire and Disaster Management Agency said that more than 9,137 buildings were damaged in the earthquake, many severely, which has driven an escalating insured loss total. As of the end of March 2021, the number of claims filed from the earthquake had reached over 202,000, with ...

Travelers has reported $835 million of pre-tax catastrophe losses for Q1 2021, which compares to just $333 million pre-tax in the prior year quarter. Reinsurance capital may not have provided all that significant a support to Travelers in the first-quarter, being the start of its year...

The Insurance Council of Australia has now declared an Insurance Catastrophe for the impacted region of Western Australia that was affected by Tropical Cyclone Seroja. The damages from cyclone Seroja appear more likely to be an insurance event, rather than one that impacts reinsurance...

Losses and IBNR reserves related to the COVID-19 coronavirus pandemic reported by major insurance and reinsurance companies have risen significantly during the first-quarter of 2021. PeriStrat has been forecasting that the total could settle somewhere up to the US $50 billion mark, a ...