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Net income for Swiss Re US$1.2 billion in 2017 H1, down from about US$1.9 billion in 2016 H1

August 4, 2017 by Canadian Underwriter

Disciplined underwriting and strong investment returns contributed to Swiss Re recording net income of US$1.2 billion for the first half of 2017, although catastrophe claims served to reduce the total from the comparable period in 2016. Net income for Swiss

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Aspen reports net income of US$76.8 million for Q2 2017

July 27, 2017 by Canadian Underwriter

Aspen 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

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Chubb expands global cyber facility with multi-line peril endorsements

February 14, 2017 by Canadian Underwriter

Chubb has announced the availability of new property and casualty endorsements for its Global Cyber Facility aimed at helping risk managers and chief information security officers (CISOs) address exposure gaps in their organizations’ insurance portfolios and best respond to C-suite

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Insurance rates decrease continued to moderate for third quarter in a row: Marsh

November 11, 2016 by Canadian Underwriter

The third quarter of 2016 marked the third consecutive quarter that the rate of decline for global insurance rates has moderated by weighted average, Marsh notes in its newly released Global Insurance Market Index Q3 – 2016. Pointing out that

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and AqcuisitionsTechnology

Canada’s p&c industry sees big jump in underwriting income, big drop in nat-cat losses in 2015: IBC

April 6, 2016 by Angela Stelmakowich

Despite the challenges and fluctuations of 2015 – including plummeting oil prices – Canada’s property and casualty industry “had a relatively good year,” with underwriting income tripling to about $1.7 billion, David McGown, senior vice president of strategic initiatives for

News InsuranceMergers and AqcuisitionsProfessional Development

Everest Re names Jonathan M. Zaffino as president of North America Insurance Division

March 30, 2016 by Canadian Underwriter

Everest Re Group, Ltd. announced on Wednesday that it has named Jonathan M. Zaffino as president of its North America Insurance Division, effective April 1. Zaffino joined Hamilton, Bermuda-based Everest Re in 2015 as president of Everest National / U.S.