Topic
Earnings / Ratings
Arthur J. Gallagher reports brokerage revenues of US$998.1 million for Q2 2017
July 31, 2017 by Canadian UnderwriterArthur J. Gallagher & Co. (AJG) has reported Brokerage revenues of US$998.1 million for the second quarter of 2017, up from US$997 million in the same quarter last year. Net earnings for the Brokerage segment for the quarter ending June…
CNA Financial net income in 2017 Q2 up over 2016 Q2, combined ratio also improves
July 31, 2017 by Canadian UnderwriterCNA Financial Corporation saw both net income and net operating income increase in the second quarter of 2017 compared to the corresponding quarter of 2016, an improvement matched by the company’s Property & Casualty combined ratio. Net income increased to…
Combined ratio down 4.6 points at Axis Capital
July 28, 2017 by Canadian UnderwriterAxis Capital Holdings Ltd. reported Wednesday a 4.6-point improvement in its Q2 combined ratio, from 102.2% in the second quarter of 2016 to 97.6% in the latest quarter. Pembroke, Bermuda-based Axis Capital writes both reinsurance and commercial primary insurance worldwide…
U.S./Canada division of Marsh sees revenues increase to US$850 million in Q2 2017 from US$804 million in Q2 2016
July 28, 2017 by Canadian UnderwriterRevenue for the United States and Canada division of Marsh increased to US$850 million in the second quarter of 2017 from US$804 million in the same quarter last year, Marsh & McLennan Companies (MMC) reported on Thursday. MMC, whose companies…
Record breaking US$6.3 billion of non-life property cat issuance in Q2 sees ILS reach “critical juncture:” Willis Towers Watson Securities
July 28, 2017 by Canadian UnderwriterNon-life insurance-linked securities (ILS) issuance reached a record breaking US$6.3 billion in Q2 2017, continuing the trend from the first quarter of the year, Willis Towers Watson Securities’ said in its latest ILS Market Update, released on Friday. ILS assets…
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…
Aspen reports net income of US$76.8 million for Q2 2017
July 27, 2017 by Canadian UnderwriterAspen Insurance Holdings Limited released its financial results for the second quarter and first half of 2017 on Wednesday, reporting a net income after tax of US$75.8 million for Q2 2017. Gross written premiums (GWP) in the second quarter of…
XL Group Ltd. sees net income soar in 2017 Q2 over prior-year quarter, focus on executing strategy continues
July 27, 2017 by Canadian UnderwriterBoth net income attributable to common shareholders and operating net income for Bermuda-based XL Group Ltd. skyrocketed in 2017 Q2 compared to 2016 Q2, with the former increasing six-fold to US$301.6 million. Specifically, net income attributable to common shareholders amounted…
SCOR posts net income of 292 million euros for the first half of 2017
July 27, 2017 by Canadian UnderwriterFrench reinsurer SCOR has reported a net income of 292 million euros for the first half of the year, up from 275 million euros in the first half of 2016. The company’s net combined ratio in P&C was 93.5% for…
Chubb reports P&C combined ratio of 88% for Q2 2017
July 26, 2017 by Canadian UnderwriterChubb Limited has reported a P&C combined ratio of 88% for the second quarter of 2017 ending June 30, down 3.2 points from 91.2% in the same quarter last year. Chubb released its financial results on Tuesday. The insurer reported…
Combined ratio down 4.6 points for Everest Re
July 25, 2017 by Canadian UnderwriterEverest Re Group Ltd. reported Monday catastrophe losses, net of reinsurance, of $53.5 million in the three months ending June 30, with a 4.6-point improvement in its Q2 combined ratio to 90.5%. All figures are in United States dollars. Hamilton,…
Allstate estimates June catastrophe losses at US$335 million
July 24, 2017 by Canadian UnderwriterThe Allstate Corp. announced July 20 it estimates its catastrophe losses for the three months ending June 30 will be $993 million, pre-tax, of which $310 million is from 17 events in June alone. Northbrook, Ill.-based Allstate reported in August,…