Canadian Underwriter

Keyword
combined ratio


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 CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Combined ratio up 18 points for PartnerRe

August 3, 2016 by Canadian Underwriter

PartnerRe Ltd. has reported an 18-point deterioration in its combined ratio for the three months ending June 30, with the wildfire in Alberta contributing 7.5 points, or $73 million, to its loss expenses for the second quarter of this year.

News Insurance

Markel reports 3-point drop in combined ratio in Q2 2016 to 93%, US$25.3 million underwriting loss related to Fort McMurray wildfire

August 3, 2016 by Canadian Underwriter

Markel Corporation has reported a 3 point drop in its combined ratio for the second quarter of 2016 ending June 30, from 96% in Q2 2015 to 93% in the most recent quarter, despite a US$25.3 million underwriting loss related

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,

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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

Swiss Re reports Q2 combined ratio of 101%, large nat cat losses of US$350M

July 31, 2016 by Canadian Underwriter

Swiss 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

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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

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Aspen Insurance combined ratio up 7.1 points in Q2 2016, gross written premiums increase by 10.9%

July 28, 2016 by Canadian Underwriter

Aspen 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

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Loss ratio up 3 points for Arch Capital

July 28, 2016 by Canadian Underwriter

Arch 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

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

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 Underwriter

Global 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

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Q2 combined ratio up 5.3 points at Axis Capital

July 27, 2016 by Canadian Underwriter

Reinsurance 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