Keyword
combined ratio
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 UnderwriterThe 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…
Combined ratio deteriorates 2.6 points for Willis Reinsurance Index
September 7, 2016 by Canadian UnderwriterWillis 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…
North American P&C insurers’ operating profitability declines in first half of 2016: Fitch
August 29, 2016 by Canadian UnderwriterNorth 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…
Desjardins’ combined ratio up 26.5 points in Q2 2016, Fort McMurray wildfire losses estimated at $30.2 million
August 15, 2016 by Canadian UnderwriterLevis, 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…
Q2 combined ratio up 6.5 points for Munich Re
August 9, 2016 by Canadian UnderwriterMunich 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…
Nat cat losses for Allianz Group almost twice 10-year average for Q2
August 8, 2016 by Canadian UnderwriterAllianz 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…
Combined ratio for Aviva plc for Canada up 3.9 points to 95.8% in first half of 2016
August 8, 2016 by Canadian UnderwriterAviva 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…
RSA Group reports $75 million net claims cost for Fort McMurray wildfire in 2016 interim results
August 6, 2016 by Canadian UnderwriterRSA 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…
Allstate reports US$961 million in cat losses in second quarter of 2016
August 5, 2016 by Canadian UnderwriterNorthbrook, 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…
Combined ratio up 18 points for PartnerRe
August 3, 2016 by Canadian UnderwriterPartnerRe 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.…
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 UnderwriterMarkel 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…
Fort McMurray wildfire adds 9.2 points to Northbridge Insurance’s Q2 combined ratio
August 3, 2016 by Canadian UnderwriterThe 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…