Canadian Underwriter

Keyword
net investment income


News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio up 8 points for PartnerRe

February 23, 2017 by Canadian Underwriter

PartnerRe Ltd., which has a Toronto branch office, reported an eight-point deterioration in its combined ratio, from 85.6% in 2015 to 93.6% in 2016, while the net loss in Q4 2016 was US$173.7 million. In addition to reinsurance, Hamilton, Bermuda-based

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Net income for U.S. P&C industry for first nine months of 2016 down 26.8% compared to 9M 2015: A.M. Best

November 28, 2016 by Canadian Underwriter

The property and casualty industry in the United States reported a US$2.3 billion net underwriting loss in the first nine months of 2016 and a 26.8% decline in net income compared with the same period in 2015, according to preliminary

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Non-life premiums down 4% at PartnerRe

October 28, 2016 by Canadian Underwriter

PartnerRe Ltd., which writes commercial insurance and reinsurance worldwide, reported this week a 4% drop in Q3 non-life premiums while the combined ratio was essentially unchanged at 82.7% PartnerRe, which is based in Pembroke, Bermuda and has a Toronto office,

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Canadian P&C industry combined ratio improves to 96% in 2015 from 99% in 2014

October 7, 2016 by Canadian Underwriter

The property and casualty insurance industry in Canada reported an aggregated combined ratio of 96% in 2015, a three-point improvement from 99% in the previous year, driven by fewer severe weather and catastrophe events, the Office of the Superintendent of

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U.S. P&C insurers report US$1.5 billion net underwriting loss in first half of 2016

October 5, 2016 by Canadian Underwriter

Private property and casualty insurers in the United States reported a US$1.5 billion net underwriting loss in the first half of 2016 – the first year-to-date net underwriting loss in more than three years, according to ISO, a Verisk Analytics

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P&C combined ratio improves one point to 97.4% for CNA Financial, net income at US$209 million for Q2 2016

August 2, 2016 by Canadian Underwriter

CNA Financial Corporation has announced a one point improvement in its P&C combined ratio for the second quarter of 2016 ending June 30, from 98.4% last year to 97.4% in the most recent quarter. For the first six months of

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Loss ratio up 3 points for Arch Capital

July 28, 2016 by Canadian Underwriter

Arch Capital Group Ltd. reported Wednesday a 1.4-point increase in its second-quarter combined ratio and 42% increase in net income, with growth in its travel, construction and national accounts. Pembroke, Bermuda-based Arch Capital’s operations include commercial insurer Arch Insurance Canada

News Earnings / RatingsInsurance

Kingsway Financial Services reports operating loss of US$1.1 million for Q2 2016, slight operating income for underwriting segment

July 22, 2016 by Canadian Underwriter

Toronto-based Kingsway Financial Services Inc. has reported an operating loss of US$1.1 million for the second quarter of 2016 ending June 30, compared to US$2.5 million for the second quarter of 2015. Kingsway released its financial results on Friday, indicating

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Allied World reports $10.3 million in reinsurance catastrophe losses from Fort McMurray wildfire

July 20, 2016 by Canadian Underwriter

Allied World Assurance Company Holdings AG reported Tuesday a 7.2-point improvement in its combined ratio, while the Fort McMurray, Alberta wildfires cost the carrier about $10.3 million and hail storms in Texas cost its reinsurance segment about $6 million and

News Earnings / RatingsInsuranceMergers and Aqcuisitions

U.S. private p&c insurers’ net income falls 26.6% in Q1 2016, combined ratio up 1.8%: Verisk

July 14, 2016 by Canadian Underwriter

Private property and casualty insurers in the United States saw their net income after taxes fall to US$13.3 billion in first-quarter of 2016 from US$18.1 billion in first-quarter 2015, a 26.6% decline, according to data from ISO, a Verisk Analytics