Canadian Underwriter

Keyword
combined ratio


News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Intact reports $127 million loss from Fort McMurray wildfire, combined ratio up to 99.2% in Q2

July 27, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) reported a $127 million impact in its second quarter financial results from the Fort McMurray wildfire, bringing its combined ratio to 99.2% for the quarter, including 8.8. points of Fort McMurray catastrophe losses. “We delivered $114

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Allied World reports $10.3 million in reinsurance catastrophe losses from Fort McMurray wildfire

July 20, 2016 by Canadian Underwriter

Allied World Assurance Company Holdings AG reported Tuesday a 7.2-point improvement in its combined ratio, while the Fort McMurray, Alberta wildfires cost the carrier about $10.3 million and hail storms in Texas cost its reinsurance segment about $6 million and

News Earnings / RatingsInsuranceMergers and Aqcuisitions

U.S. private p&c insurers’ net income falls 26.6% in Q1 2016, combined ratio up 1.8%: Verisk

July 14, 2016 by Canadian Underwriter

Private property and casualty insurers in the United States saw their net income after taxes fall to US$13.3 billion in first-quarter of 2016 from US$18.1 billion in first-quarter 2015, a 26.6% decline, according to data from ISO, a Verisk Analytics

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Underwriting performance for U.S. commercial lines likely to deteriorate in 2016: Fitch Ratings

May 18, 2016 by Canadian Underwriter

Underwriting performance for the commercial lines sector in the United States is likely to deteriorate in 2016, according to a report released on Tuesday by Fitch Ratings. The decline follows a three-year underwriting profit for the industry, with a combined

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Combined ratio improves 3.9 points, reinsurance pricing pressure ‘remains high’ at Munich Re

May 11, 2016 by Canadian Underwriter

Munich Re reported Tuesday a 3.9-point improvement in its combined ratio in property and casualty reinsurance, as the Munich-based insurer released about 250 million euros in reserves during the first three months of this year. The combined ratio in reinsurance

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Economical Insurance combined ratio down 4.6 points in first quarter of 2016

May 10, 2016 by Canadian Underwriter

Economical Insurance has reported a combined ratio of 101.1% in the first quarter of 2016 ending March 31, down 4.6 percentage points from the Q1 2015 combined ratio of 105.7%. Waterloo, Ont.-based Economical Insurance’s gross written premiums were up by

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Premiums earned up 4%, catastrophe losses up 181% at Allstate

May 9, 2016 by Canadian Underwriter

First-quarter underwriting income dropped about 73% year-over-year for The Allstate Corp. in the wake of two large hailstorms in late March in the southern United States. The Northbrook, Ill.-based insurer reported May 4 that catastrophe losses were $827 million during

News Earnings / RatingsInsuranceMergers and Aqcuisitions

P&C industry in the U.S. marks third consecutive underwriting gain, but surplus declines on investment results: A.M. Best

May 9, 2016 by Canadian Underwriter

The property and casualty industry in the United States marked a third consecutive year of underwriting profitability, with US$6.2 billion in underwriting income in 2015, according to an A.M. Best Company special report released on Friday. However, the lower level

News Earnings / RatingsInsurance

Global reinsurance profits to decline on soft market conditions: Fitch

May 6, 2016 by Canadian Underwriter

Global reinsurance sector profits will fall below 2015 levels this year due to increasing pressure in underwriting and investment results as well as diminishing opportunities to deploy capital, according to a new report from Fitch Ratings. While the reinsurance sector

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Q1 combined ratio up 11.5 points at PartnerRe

May 6, 2016 by Canadian Underwriter

PartnerRe Ltd. recently reported its net premiums written dropped 9.2%, from $1.653 billion in the first three months of 2015 to $1.5 billion in the latest quarter, while the combined ratio deteriorated 11.5 points, from 82.8% in Q1 2015 to

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Intact reports 0.9 percentage point drop in combined ratio in first quarter of 2016

May 4, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) has reported a 0.9 percentage point drop in its combined ratio for the first quarter of 2016 compared to the same quarter in 2015, led by property lines and improving personal auto results. Toronto-headquartered IFC, the

News Earnings / RatingsInsuranceMergers and Aqcuisitions

AIG reports after-tax operating income of US$773 million in Q1 2016

May 3, 2016 by Canadian Underwriter

American International Group, Inc. (AIG) has reported a slight decrease in its Property Casualty combined ratio in the first quarter of 2016, down from 97.1% in Q1 2015 to 96.9% in the latest quarter. AIG released its financial results on