Keyword
combined ratio
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 UnderwriterThe 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…
Global reinsurance profits to decline on soft market conditions: Fitch
May 6, 2016 by Canadian UnderwriterGlobal 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…
Q1 combined ratio up 11.5 points at PartnerRe
May 6, 2016 by Canadian UnderwriterPartnerRe 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…
Intact reports 0.9 percentage point drop in combined ratio in first quarter of 2016
May 4, 2016 by Canadian UnderwriterIntact 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…
AIG reports after-tax operating income of US$773 million in Q1 2016
May 3, 2016 by Canadian UnderwriterAmerican 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…
Combined ratio up 0.5 points for Arch Capital
April 28, 2016 by Canadian UnderwriterArch Capital Group Ltd. reported Wednesday a 0.5-point increase in its combined ratio, a 4.2% increase in first-quarter gross written premiums in insurance and a 0.8% drop in Q1 gross written premiums in reinsurance. Pembroke, Bermuda-based Arch released Wednesday its…
XL Group combined ratio up 3.6 points in Q1 2016
April 28, 2016 by Canadian UnderwriterXL Group plc has reported a P&C combined ratio of 92.5% for the first quarter of 2016 ending March 31, up from 88.9% in the prior-year quarter. Dublin, Ireland-based XL Group released its financial results on Wednesday, noting that the P&C…
Gross written premiums up 16% at Axis Capital
April 27, 2016 by Canadian UnderwriterAxis Capital Holdings Ltd. reported Wednesday a 91% year-over-year increase in first-quarter gross written premiums in aviation insurance and a 19.7% drop in marine premiums, while its combined ratio improved 1.8 points. Pembroke, Bermuda-based Axis Capital released its financial results…
Wind, hail storms in Texas contribute to $318m in Q1 catastrophe losses for Travelers
April 26, 2016 by Canadian UnderwriterThe Travelers Companies Inc. reported catastrophe losses of $318 million during the three months ending March 31, up 96% from $162 million during the same period in 2015, while Q1 earned premiums in personal insurance rose 6.2% year-over year. All…
Combined ratio for Lloyd’s at 90% for 2015, up from 88.4% in 2014
March 24, 2016 by Canadian UnderwriterLloyd’s of London, the world’s specialist market for insurance and reinsurance, announced on Wednesday a combined ratio of 90% for 2015, up from 88.4% in 2014. Lloyd’s also reported a pre-tax profit of 2.1 billion pounds for 2015, down from…