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Swiss Re posts 24% increase in half year profit

Reinsurance company Swiss Re said today that its net profit for the first half of 2025 rose a better-than-expected 24%, and it maintained its targets for the full year.

Business • 14 Aug

Swiss Re saw claims of $570m from deadly wildfires in Los Angeles earlier this year

Swiss Re posts 16% quarterly profit rise despite LA fires

Reinsurance company Swiss Re said today that net profit for the first quarter rose a better-than-expected 16%, despite claims of $570m from deadly wildfires in Los Angeles earlier this year.

Business • 16 May

Munich Re's full year profits of €3.419 billion profit beat both analyst and company expectations of about €3.3 billion

Munich Re beats 2022 profit target with 74% Q4 jump

German reinsurer Munich Re has today beaten its full-year earnings target with a 16.7% gain despite Ukraine-related claims and after fourth-quarter net profit jumped by a better than expected 74% on equity disposals and lower tax payments.

Business • 23 Feb 23

Lloyd's of London has recorded a first-half pre-tax loss of £1.8 billion

Lloyd's of London sets aside £1.1 billion for Ukraine

Lloyd's of London has set aside £1.1 billion to pay claims related to the war in Ukraine, the commercial insurance market said today, as it recorded a first-half pre-tax loss of £1.8 billion.

Business • 08 Sep 22

Most reinsurers have stepped back from offering insurers bespoke or direct cover for coal projects

Reinsurers look at dumping coal from bulk-buy policies

Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global climate change commitments.

Business • 17 Jun 21

Swiss Re had swung to a loss in the first nine months of 2020

Swiss Re confirms targets as it grapples with pandemic

Reinsurance company Swiss said it was committed to a stable or increasing dividend as it confirmed its financial targets despite the coronavirus pandemic that has pressured the industry.

Business • 20 Nov 20

Lloyd's of London has shut its 'underwriting room' for the first time in its history due to the pandemic

Lloyd's of London swings back to profit in 2019

Lloyd's of London has reported a £2.5 billion pretax profit for 2019 thanks to tighter underwriting and robust investment returns, and said it stood ready to support customers and partners impacted by coronavirus.

Business • 26 Mar 20

Natural disasters such as Hurricane Matthew and an earthquake in New Zealand proved costly for Swiss Re

Swiss Re's Q4 profit drops 45% as disasters weigh

Swiss Re, the world's second-largest reinsurer, today confirmed its mid-term targets despite continued pricing pressure saw its January renewals drop 18%.

Business • 23 Feb 17

Lloyd's of London says pricing remained tough in a competitive market

Lloyd's of London H1 profit drops 28%

The Lloyd's of London insurance market has posted a 28% drop in first-half pretax profit and said pricing remained tough in a competitive market.

Business • 10 Sep 15

European floods hit Munich Re's quarterly earnings

Markets, floods hit profits at Munich Re

German reinsurer Munich Re said its first-quarter net profit fell 33% to €543m as losses from floods in central Europe weighed on earnings.

Business • 06 Aug 13

Munich Re raises prices for catastrophe coverage

Low disaster costs give Munich Re Q1 profit lift

Reinsurer Munich Re said today its first-quarter net profit rose 25% as the company saw modest outlays for natural disaster.

Business • 07 May 13

Superstorm Sandy cost Munich Re about €800m

Munich Re profit up on lower disaster losses

German reinsurer Munich Re saw profit more than quadruple last year as payouts for natural disasters fell and the company moved past losses on Greek bonds.

Business • 12 Mar 13

Reinsurance