Daily News

Fairfax Financial swings to Q3 profit of $461.2 million on investment gains

TORONTO - Fairfax Financial Holdings Ltd. (TSX:FFH) said Thursday that gains on its investment portfolio moved the property and casualty insurer back into profitable territory in the third quarter compared with the same period a year earlier.
Oct 31, 2014 3:32PM

Fitch Ratings publishes U.S. reinsurance recoverable dashboard

Fitch Ratings has published a new dashboard report showing changes in the usage of reinsurance and credit exposure to reinsurance recoverables among U.S. property and casualty insurers.
Oct 31, 2014 3:07PM

Credit card payment processors, national retail chains the most 'hazardous' cyber insurance clients

Nearly half of insurance professionals recently surveyed said either credit card payment processors or national retail chains are the "most hazardous" classes of business to insure for cyber risk, but only 4% said regulatory or Payment Card...
Oct 31, 2014 2:53PM

Net income, revenues climb at Aon in third quarter

Aon has reported net income attributable to shareholders of $309 million for the quarter ended Sept. 30, up from $256 million in the same period of 2013.
Oct 31, 2014 2:32PM

Co-operators reports net loss of $10.8 million in Q3; action on severe weather urged

The Co-operators General Insurance Company has reported its loss ratio improved in in the third quarter of the year – aided by premium and policy growth – but weather-related events continue to be an issue for all regions of the...
Oct 31, 2014 9:30AM

Allstate reports Q3 combined ratio of 93.5% after $517 million in cat losses

The Allstate Corp. released Wednesday its financial results for the three months ending Sept. 30, reporting 29 catastrophes during the quarter, a 4.8% increase in property-liability premiums and a 32% drop in underwriting income.
Oct 30, 2014 4:04PM

AXIS Capital premiums down, net income up in third quarter

AXIS Capital Holdings Ltd. has reported a net income of $279 million for the three months ended Sept. 30, up from $137 million in the same period last year.
Oct 30, 2014 3:46PM

Allied World launches M&A line for the Canadian market

Allied World North America has expanded its professional lines business by launching a new mergers and acquisitions (M&A) line for the Canadian market.
Oct 30, 2014 3:09PM

Net income up for Arch Capital Group in third quarter

Arch Capital Group Ltd. has reported a net income (available to common shareholders) of $223.2 million for the third quarter ended Sept. 30, up from $109.3 million in the same period of 2013.
Oct 30, 2014 2:42PM

Fires on Manitoba reserves 'high risk' but only $4M given out: internal document

WINNIPEG - An internal report from Aboriginal Affairs and Northern Development Canada estimates it will take a $28-million injection of federal funding to reduce the number of deadly fires on Manitoba reserves, but only a fraction of that...
Oct 30, 2014 12:07PM

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