Keyword
total revenues
Allianz Group’s Q2 2017 operating profit up 23% due to “improvements in all segments”
July 28, 2017 by Canadian UnderwriterAllianz Group has reported a 23% increase in operating profit for the second quarter of 2017 ending June 30 from 2.4 billion euros in Q2 2016 to 2.9 billion euros in the most recent quarter. Total revenues rose 2% to…
Global insurance brokers sector will hit US$54.8 billion in 2021 as growth remains impressive despite deceleration: report
July 25, 2017 by Canadian UnderwriterThe global insurance brokers sector will reach US$54.8 billion in 2021, according to data from research company MarketLine. The global insurance brokers sector has experienced “impressive growth” in recent years, registering a compound annual growth rate (CAGR) of 7% between…
Q1 revenues up 5% at Aon
May 9, 2017 by Canadian UnderwriterAon plc reported Tuesday its commercial risk solutions revenue of $984 million in the three months ending March 31, up 2% from $961 million during the same period in 2016, while net income, company wide, dropped 9% due in part…
Q1 insurance premiums up 95% at Berkshire Hathaway after adverse development reinsurance agreement with AIG
May 8, 2017 by Canadian UnderwriterBerkshire Hathaway Inc. announced Friday it recorded insurance premiums earned of $21.7 billion during the three months ending March 31 – up 95% from $11.1 billion in Q1 2016 -while Cyclone Debbie affected the Omaha, Neb.-based firm’s underwriting result by…
Combined ratio up 2.1 points, non-life premiums down 14% at PartnerRe
May 5, 2017 by Canadian UnderwriterA change in the measure used to calculate lump sum awards in bodily injury cases in Britain had an impact on PartnerRe Ltd.’s financial results, which the Hamilton, Bermuda insurer released Wednesday. PartnerRe, which has a Toronto branch office, reported…
Kingsway reports net loss of US$1.7 million in first quarter of 2017
April 26, 2017 by Canadian UnderwriterToronto-based Kingsway Financial Services Inc. released its financial results for the first quarter of the year on Wednesday, reporting a net loss attributable to common shareholders of US$1.7 million compared to such a net loss of US$1.5 million in Q1…
Travelers reports combined ratio of 96% for Q1, net income of US$617 million
April 20, 2017 by Canadian UnderwriterThe Travelers Companies, Inc. has reported a combined ratio of 96% for the first quarter of 2017, up 3.7 points from 92.3% in the first quarter of last year. Net income for the first quarter of 2017 ending March 31…