Canadian Underwriter

combined ratio

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

XL Group combined ratio up 3.6 points in Q1 2016

April 28, 2016 by Canadian Underwriter

XL 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

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Gross written premiums up 16% at Axis Capital

April 27, 2016 by Canadian Underwriter

Axis 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

News CatastrophesInsuranceMergers and Aqcuisitions

Wind, hail storms in Texas contribute to $318m in Q1 catastrophe losses for Travelers

April 26, 2016 by Canadian Underwriter

The 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

News CatastrophesInsuranceMergers and Aqcuisitions

Combined ratio for Lloyd’s at 90% for 2015, up from 88.4% in 2014

March 24, 2016 by Canadian Underwriter

Lloyd’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