Keyword
gross premiums written
AXIS Capital reports net income of US$131 million for Q4 2016
February 6, 2017 by Canadian UnderwriterPembroke, Bermuda-based AXIS Capital Holdings Limited has reported a net income available to common shareholders for the fourth quarter of 2016 of US$131 million, comparable to a net income of US$135 million for the fourth quarter of 2015. Net income…
Allied World combined ratio up 2.8% in fourth quarter of 2016
February 2, 2017 by Canadian UnderwriterZug, Switzerland-based Allied World Assurance Company Holdings, AG has reported a combined ratio of 99.8% for the fourth quarter of 2016, ending Dec. 31, compared to 97% in the fourth quarter of 2015. Allied World, a global provider of property,…
XL Group reports P&C combined ratio of 94.8% for Q4 2016
February 2, 2017 by Canadian UnderwriterXL Group Ltd. has reported a P&C combined ratio of 94.8% for the fourth quarter of 2016 ending Dec. 31, up 2.5% from the prior-year quarter. For the full year 2016, XL Group reported a combined ratio of 94.2% compared…
Liberty Mutual announces acquisition of Ironshore Inc. from Fosun International Limited
December 5, 2016 by Canadian UnderwriterBoston-based Liberty Mutual Insurance announced on Monday that it has signed a definitive agreement to acquire Ironshore Inc., a global specialty lines company, from Fosun International Limited. The transaction is expected to close in the first half of 2017, pending…
Net income for Allianz Group up 36.5% in Q3 2016 to 1.9 billion euros
November 11, 2016 by Canadian UnderwriterAllianz Group has reported that net income attributable to shareholders climbed 36.5% in the third quarter of this year ending Sept. 30 to 1.9 billion euros, due partly to better performance across its business segments. However, for the nine-month period ending…
Munich Re posts profit of 684 million euros in third quarter
November 10, 2016 by Canadian UnderwriterMunich Re has posted a profit for 684 million euros in the third quarter of 2016 ending Sept. 30, up from 525 million euros in the same quarter last year. For the first nine months of the year ending Sept.…
Net earnings for Fairfax Financial Holdings Limited US$1.3 million in 2016 Q3 compared to US$424.8 million in 2015 Q3
November 7, 2016 by Canadian UnderwriterNet losses on investment contributed to Fairfax Financial Holdings Limited seeing net earnings drop to US$1.3 million in 2016 Q3 compared to US$424.8 million in 2015 Q3. The results reflect “strong operating income offset by net losses on investments,” notes…
Allied World reports net income of US$68.6 million in Q3 2016 compared to net loss of US$51.6 million in Q3 2015
November 1, 2016 by Canadian UnderwriterAllied World Assurance Company Holdings, AG has reported a net income of US$68.6 million for the third quarter of 2016, compared to a net loss of US$51.6 million for the same quarter in 2015. The Zug, Switzerland-based company – a…
Chubb reports P&C combined ratio of 86% for Q3
October 26, 2016 by Canadian UnderwriterChubb Limited has reported a property and casualty combined ratio of 86% for the third quarter of 2016 ending Sept. 30, virtually unchanged from 85.9% in the prior-year quarter. For Global P&C (excluding agriculture), the combined ratio was 85.7% for…
Only about 4% of Lloyd’s total business considered at risk from Brexit: Aon Benfield
August 18, 2016 by Canadian UnderwriterOnly about 4% of Lloyd’s total business is considered to be at risk from the potential loss of membership of the single European market, following the United Kingdom’s decision to leave the European Union (EU) in June, according to Aon…
XL Group reports combined ratio up 6.1 points in second quarter, net income drops substantially
July 28, 2016 by Canadian UnderwriterGlobal insurance and reinsurance company XL Group plc reported on Wednesday that its P&C combined ratio climbed 6.1 points in the second quarter of 2016 to 96%, while net income attributable to ordinary shareholders of US$43.8 million for the quarter…
XL Group combined ratio up 3.6 points in Q1 2016
April 28, 2016 by Canadian UnderwriterXL Group plc has reported a P&C combined ratio of 92.5% for the first quarter of 2016 ending March 31, up from 88.9% in the prior-year quarter. Dublin, Ireland-based XL Group released its financial results on Wednesday, noting that the P&C…