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Chubb Limited
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…
Chubb reports P&C combined ratio of 86% for Q3
October 26, 2016 by Canadian UnderwriterChubb 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…
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…
Endurance’s estimated financial impact of several Cat events in 2016 Q2, including Alberta wildfires, is US$55.5 million
July 15, 2016 by Canadian UnderwriterBermuda-based Endurance Specialty Holdings Ltd. reported Thursday that the company’s initial estimated net negative financial impact of several catastrophic events in 2016 Q2, including the wildfires in Alberta, is US$55.5 million. The events included in the initial estimate include the…
Half of Aspen’s Q2 natural catastrophe loss from Alberta wildfire
July 14, 2016 by Canadian UnderwriterThe recent wildfires in Alberta cost Aspen Insurance Holdings Ltd. roughly US$30 million, net of reinsurance and reinstatement premiums, the Hamilton, Bermuda-based carrier suggested in a press release Wednesday. Aspen’s initial estimate, of pre-tax losses, net of reinsurance and reinstatement…
XL Group’s preliminary loss estimate for nat-Cats in 2016 Q2 US$240 million, Fort Mac wildfires largest loss
July 14, 2016 by Canadian UnderwriterXL Group plc’s preliminary net loss estimate relating to natural catastrophes – including the largest single loss from the Alberta wildfires – is US$240 million for the second quarter of 2016, the company announced Wednesday. This estimate – pretax and…
Nat cats in Q2 2016 cost Chubb an estimated US$390 million
July 13, 2016 by Canadian UnderwriterChubb Limited has estimated that natural catastrophe losses in the second quarter of 2016 cost the insurer US$390 million pre-tax, or US$315 million after tax. According to Chubb’s estimate, released on Tuesday, of the pre-tax total, US$320 million is from…
Chubb Limited’s net income down 35.6% to US$439 million in 2016 Q1 compared to US$681 million in prior-year quarter
May 6, 2016 by Canadian UnderwriterOperating and underwriting results for the first quarter of 2016 were strong, but Chubb Limited still saw reported net income decrease to US$439 million in the first quarter of 2016 compared to US$681 million in the same period of 2015.…