The Baldwin Group has announced that total revenue has grown 11% in the third quarter of 2024, to $338.9 million from the $306.2 million reported in the same period last year. At the same time, the company also posted organic revenue growth of 14% during Q3 2024. However, the organisation also posted a net loss […]
Archives for November 2024
Singapore aims to reinforce position as leading Asian reinsurance hub: Deputy PM Gan Kim Yong
In his keynote address at the 20th Singapore International Reinsurance Conference (SIRC), Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore (MAS), outlined a detailed plan to reinforce Singapore as Asia’s leading reinsurance hub. While Yong’s keynote touched on numerous topics, one of the […]
GEICO performance offsets Q3’24 losses at Berkshire Hathaway’s primary & reinsurance units
Net underwriting earnings across Berkshire Hathaway’s insurance and reinsurance operations declined to $750 million in the third quarter of 2024, as the strong performance at GEICO more than offset underwriting losses at both the firm’s primary insurance and reinsurance businesses. The net underwriting result of Berkshire Hathaway’s re/insurance businesses fell 69% year-on-year from the $2.4 […]
GEICO performance offsets Q3’24 losses at Berkshire Hathaway’s primary & reinsurance units
Net underwriting earnings across Berkshire Hathaway’s insurance and reinsurance operations declined to $750 million in the third quarter of 2024, as the strong performance at GEICO more than offset underwriting losses at both the firm’s primary insurance and reinsurance businesses. The net underwriting result of Berkshire Hathaway’s re/insurance businesses fell 69% year-on-year from the $2.4 […]
Ryan Specialty reports organic revenue growth of 11.8% in Q3’24
International specialty insurance firm Ryan Specialty Holdings, Inc. has reported revenue growth of 20.5% year-over-year to $604.7 million in the third quarter of 2024, compared to $501.9 million in the prior-year period, while net income spiked 82.4% year-over-year to $28.6 million. The organic growth rate for the quarter was 11.8% for the quarter, down from […]
Ivan Sit joins Chaucer as Class Underwriter, Marine
Specialty re/insurance group Chaucer has announced the appointment of Ivan Sit, an Asian Marine insurance market veteran that has been recruited to launch the company’s regional Marine offering via Chaucer’s Lloyd’s Singapore platform. Sit is regarded as a highly respected and experienced Marine practitioner with more than 25 years’ experience. As Class Underwriter, Marine, he […]