Canadian Underwriter

Keyword
catastrophe losses


News Earnings / RatingsInsuranceMergers and Aqcuisitions

Personal auto premiums for Q3 up 5% for Intact, personal property premiums up by 8%

November 2, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) has reported that personal auto premiums for the third quarter of 2016 ending Sept. 30 grew by 5%, while personal property premiums grew by 8% from the prior-year quarter. IFC said in its financial results released

News InsuranceMergers and AqcuisitionsReinsurance

Allied World reports net income of US$68.6 million in Q3 2016 compared to net loss of US$51.6 million in Q3 2015

November 1, 2016 by Canadian Underwriter

Allied World Assurance Company Holdings, AG has reported a net income of US$68.6 million for the third quarter of 2016, compared to a net loss of US$51.6 million for the same quarter in 2015. The Zug, Switzerland-based company – a

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Everest Re’s combined ratio improves five points to 85.6% in Q3 2016

October 27, 2016 by Canadian Underwriter

Hamilton, Bermuda-based Everest Re Group, Ltd. has reported a combined ratio for the third quarter of this year of 85.6%, a five-point improvement from 90.6% in the same quarter of 2015. Excluding catastrophe losses, reinstatement premiums and prior period loss

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Chubb reports P&C combined ratio of 86% for Q3

October 26, 2016 by Canadian Underwriter

Chubb Limited has reported a property and casualty combined ratio of 86% for the third quarter of 2016 ending Sept. 30, virtually unchanged from 85.9% in the prior-year quarter. For Global P&C (excluding agriculture), the combined ratio was 85.7% for

News CatastrophesInsuranceMergers and Aqcuisitions

Intact estimates $170 million in cat losses for third quarter of 2016

October 4, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) has announced estimated catastrophe losses, net of reinsurance, of approximately $170 million on a pre-tax basis for the third quarter of 2016. The estimate equates to about $124 million or $0.95 per share for the quarter,

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Fort McMurray wildfire accounts for 98% of H1 insured cat losses in Canada, 29% of PCS-designated North American losses

August 31, 2016 by Canadian Underwriter

The Fort McMurray wildfire accounted for 98% of first-half insured catastrophe losses in Canada and 29% of Property Claim Services (PCS)-designated North American cat losses for the period, according to a preliminary estimate from the company. Insurers affected by the

News AssociationsCatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

RMS estimates potential 1-in-500 year catastrophe loss at 10 sea ports

August 8, 2016 by Canadian Underwriter

Six of the ten ports with the highest potential insured loss from natural catastrophes are on the United States gulf coast, Risk Management Solutions (RMS) Inc. said in a release Monday. Newark, Calif.-based RMS ranked the top 10 ports in

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Allstate reports US$961 million in cat losses in second quarter of 2016

August 5, 2016 by Canadian Underwriter

Northbrook, Ill.-based Allstate Corporation has reported catastrophe losses of US$961 million in the second quarter of 2016 compared to US$797 million in the same quarter of 2015 and US$1.79 billion in the first six months of the year compared to

News Earnings / RatingsInsurance

Fort McMurray wildfire adds 9.2 points to Northbridge Insurance’s Q2 combined ratio

August 3, 2016 by Canadian Underwriter

The recent wildfire in and near Fort McMurray, Alberta resulted in net incurred losses of $13.5 million for OdysseyRe and $20.9 million for Northbridge Insurance, the carriers’ parent company reported recently. All figures are in United States dollars. Fairfax Financial

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Combined ratio for AIG up 3.3% in Q2 2016 to 102.1%

August 3, 2016 by Canadian Underwriter

American International Group, Inc. (AIG) has reported a 3.3% deterioration in its combined ratio for the second quarter of 2016, from 98.8% in Q2 2015 to 102.1% in the most recent quarter, reflecting underwriting loss driven by higher catastrophe losses,

News Earnings / RatingsInsuranceMergers and Aqcuisitions

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

News Earnings / RatingsInsuranceMergers and Aqcuisitions

XL Group reports combined ratio up 6.1 points in second quarter, net income drops substantially

July 28, 2016 by Canadian Underwriter

Global 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