SSREY News and Press, Swiss Re Ltd. ADR From 05/12/21

Insurance market losses from some of the larger catastrophe events to strike Japan over the last year have risen, with the latest figures for the July 2020 extreme rains, September 2020’s typhoon Haishen and January 2021’s snowfall event combining to near US $2.3 billion. ...

Tencent-backed Chinese insurance platform Waterdrop (WDH) fell for its third straight post-IPO session Tuesday, sinking more than 8% intraday even as other Chinese companies that recently listed in the United States rebounded.WDH sank to as low as $7.81, down 8.1% on the session and 34.9% fro...

Global reinsurance giant Munich Re has reported a solid quarter of earnings for Q1 2021. Natural catastrophe losses during Q1 amounted to EUR 646 million, well up on Q1 2020's EUR 208 million and above-average for the quarter. Because of positive reinsurance market conditions, Mun...

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 ...

Swiss Re AG (SSREF) Q1 2021 Results Earnings Conference Call April 30, 2021, 08:00 AM ET Company Participants John Dacey - Group Chief Financial Officer Thomas Bohun - New Head of Investor Relations Thierry Léger - Group Chief Underwriting Officer Conference Call Participants Andrew Ritc...

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...