Topic
Earnings / Ratings
Risk solutions revenue up 1% at Aon
August 2, 2016 by Canadian UnderwriterAon plc reported a 1% increase in retail brokerage revenue for the three months ending June 30 compared to the same period in 2015. London-based Aon released Friday its financial results for the second quarter. In risk solutions (which includes…
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 UnderwriterCNA 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…
Swiss Re reports Q2 combined ratio of 101%, large nat cat losses of US$350M
July 31, 2016 by Canadian UnderwriterSwiss Re Ltd. reported Friday its combined ratio in property and casualty reinsurance deteriorated 8.1 points, from 92.9% in the second quarter of 2015 to 101% in the three months ending June 30, due in part to losses from wildfires…
Arthur J. Gallagher reports brokerage segment revenues up US$53.5 million in Q2
July 29, 2016 by Canadian UnderwriterItasca, Ill.-based Arthur J. Gallagher & Co. (AJG) released its financial results on Thursday, announcing that its brokerage segment revenues were up to US$939.1 million as reported in the second quarter of 2016 from US$885.6 in Q2 2015. For the…
Revenue for Marsh’s U.S./Canada division up US$44 million to US$804 million in Q2 2016
July 29, 2016 by Canadian UnderwriterMarsh & McLennan Companies, Inc. (MMC) has reported that revenue for the United States/Canada division of Marsh was up to US$804 million for the second quarter of 2016 ending June 30, from US$760 in the same quarter in 2015. For…
The Co-operators reports net loss of $39.1 million in 2016 Q2 for Co-operators General Insurance Company
July 29, 2016 by Canadian UnderwriterCo-operators General Insurance Company, part of The Co-operators Group, took a hit from the devastating Fort McMurray wildfire, reporting a consolidated net loss of $39.1 million for 2016 Q2 compared to a net income of $58.2 million for 2015 Q2.…
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…
Aspen Insurance combined ratio up 7.1 points in Q2 2016, gross written premiums increase by 10.9%
July 28, 2016 by Canadian UnderwriterAspen Insurance Holdings Limited has reported a combined ratio of 100.7% for the second quarter of 2016 compared with 93.6% for the second quarter of 2015. Hamilton, Bermuda-based Aspen Insurance also reported a net income after tax of US$64.9 million…
Loss ratio up 3 points for Arch Capital
July 28, 2016 by Canadian UnderwriterArch 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…
Chubb Limited’s net income for 2016 Q2 down 22.8% from 2015 Q2
July 28, 2016 by Canadian UnderwriterHigher natural catastrophe losses globally were among the factors contributing to Chubb Limited reporting US$726 million in net income for the three months ended June 30, 2016 compared to US$942 million for the prior-year quarter. Chubb’s net income was also…
SCOR reports combined ratio of 93.8% for first half of 2016, up from 90.9% for the first six months of 2015
July 28, 2016 by Canadian UnderwriterGlobal reinsurer SCOR announced on Wednesday that its Global P&C segment recorded “strong technical profitability with a robust net combined ratio of 93.8% despite a high number of events in all perils and regions in the second quarter of 2016…
Q2 combined ratio up 5.3 points at Axis Capital
July 27, 2016 by Canadian UnderwriterReinsurance provider and commercial specialty carrier Axis Capital Holdings Ltd. reported Tuesday its financial results for the second quarter, reporting a 76% increase in net income but a combined ratio of 102.2%, after large losses including the Alberta wildfires and…