Canadian Underwriter

Keyword
combined ratio


News Earnings / RatingsInsuranceMergers and Aqcuisitions

U.S. P&C insurers report US$1.5 billion net underwriting loss in first half of 2016

October 5, 2016 by Canadian Underwriter

Private property and casualty insurers in the United States reported a US$1.5 billion net underwriting loss in the first half of 2016 – the first year-to-date net underwriting loss in more than three years, according to ISO, a Verisk Analytics

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Fort Mac wildfire more than an “earnings event” for some insurers, domestic market posts $1 billion underwriting loss in H1: MSA

September 28, 2016 by Canadian Underwriter

The Fort McMurray wildfire may have been an “earnings event” for the largest insurers in Canada’s property and casualty industry, but that was not the case for some smaller regional writers, notes the newly released MSA Quarterly Outlook Report for

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S. excess and surplus underwriters likely to outperform P&C industry: Fitch

September 26, 2016 by Canadian Underwriter

Excess and surplus (E&S) underwriters in the United States will likely outperform standard market underwriters in 2017 even if underwriting profitability weakens next year, according to Fitch Ratings’ latest U.S. Excess and Surplus Lines Market Review report. E&S underwriters outperformed

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Lloyd’s reports 1.46 billion pound profit for first half of 2016, combined ratio up 8.5 points to 98%

September 22, 2016 by Canadian Underwriter

Despite seeing a “major claims increase due primarily to the Fort McMurray fires in Alberta, Canada” and a challenging market environment, Lloyd’s of London has reported a profit of 1.46 billion pounds – or nearly $2.5 billion – for the

News Earnings / RatingsInsuranceMergers and Aqcuisitions

U.S. P&C insurance industry posts underwriting loss of US$2.3 billion in first half of 2016: A.M. Best

September 16, 2016 by Canadian Underwriter

The property and casualty insurance industry in the United States posted an underwriting loss of approximately US$2.3 billion and a 3.5% decline year-over-year in net investment income through the first six months of 2016, said a new A.M. Best Company

News InsuranceMarkets / CoveragesReinsurance

Combined ratio deteriorates 2.6 points for Willis Reinsurance Index

September 7, 2016 by Canadian Underwriter

Willis Towers Watson plc reported Monday the combined ratio for its index of top reinsurers was 94.1% during the first six months of 2016, up 2.6 points from 91.5% during the same period as 2015, during a time when insurers

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

North American P&C insurers’ operating profitability declines in first half of 2016: Fitch

August 29, 2016 by Canadian Underwriter

North American property and casualty insurers’ operating earnings decreased in the first half of 2016, as results were challenged by modest underwriting deterioration and low investment yields, according to a new report released on Friday by Fitch Ratings. For a

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Desjardins’ combined ratio up 26.5 points in Q2 2016, Fort McMurray wildfire losses estimated at $30.2 million

August 15, 2016 by Canadian Underwriter

Levis, Que.-based Desjardins General Insurance Group (DGIG) released its second quarter financial results on Friday, reporting an estimated expense of $30.2 million after reinsurance and income taxes related to the Fort McMurray wildfire and a combined ratio of 99.1%. “The

News CatastrophesEarnings / RatingsInsuranceReinsurance

Q2 combined ratio up 6.5 points for Munich Re

August 9, 2016 by Canadian Underwriter

Munich Re reported Tuesday a 6.5-point deterioration in its Q2 combined ratio in property & casualty reinsurance, as the recent wildfires in Northern Alberta and the April earthquakes in Japan were among the natural catastrophes that contributed to the firm’s

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Nat cat losses for Allianz Group almost twice 10-year average for Q2

August 8, 2016 by Canadian Underwriter

Allianz Group reported Friday a 2.9-point deterioration in its property & casualty combined ratio, as natural catastrophe losses were “almost twice” its 10-year average for the second quarter. Munich-based Allianz reported its p&c operations had a combined ratio 96.4% during

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Combined ratio for Aviva plc for Canada up 3.9 points to 95.8% in first half of 2016

August 8, 2016 by Canadian Underwriter

Aviva plc has reported a general insurance combined ratio of 95.8% for Canada for the first six months of 2016, up 3.9 points from the H1 2015 combined ratio of 95.8%. In particular, the combined operating ratio for the first

News Earnings / RatingsInsuranceMergers and Aqcuisitions

RSA Group reports $75 million net claims cost for Fort McMurray wildfire in 2016 interim results

August 6, 2016 by Canadian Underwriter

RSA Insurance Group plc has reported a net claims cost of 39 million pounds – or $75 million – for the recent Fort McMurray wildfire and 35 million pounds for the United Kingdom and European floods in June in its