Keyword
combined ratio
RSA reports combined ratio of 94.8% for first half of 2017 in Canada ‘despite higher large losses’
August 2, 2017 by Canadian UnderwriterRSA Insurance Group plc reported Wednesday that its net premiums written in Canada during the six months ending June 30 were 5% higher, on a constant rate of exchange basis, than in the same period in 2016. Meanwhile, in Canada,…
Q2 combined ratio improves 4.2 points for Intact, OneBeacon acquisition “on track to close” in 2017
August 1, 2017 by Canadian UnderwriterIntact Financial Corp. reported Tuesday its underwriting income was $103 million during the three months ending June 30, up $87 million from $16 million during the same period in 2016. Toronto-based Intact said direct premiums written rose 2%, from $2.458…
Absence of large losses contributes to 20.6-point drop in Q2 combined ratio for PartnerRe
August 1, 2017 by Canadian UnderwriterPartnerRe Ltd. reported a combined ratio of 87.7% during the three months ending June 30, a 20.6-point improvement over 108.3% during the same period in 2016, when Canada experienced its most expensive natural disaster ever and a loss from an…
CNA Financial net income in 2017 Q2 up over 2016 Q2, combined ratio also improves
July 31, 2017 by Canadian UnderwriterCNA Financial Corporation saw both net income and net operating income increase in the second quarter of 2017 compared to the corresponding quarter of 2016, an improvement matched by the company’s Property & Casualty combined ratio. Net income increased to…
Combined ratio down 4.6 points at Axis Capital
July 28, 2017 by Canadian UnderwriterAxis Capital Holdings Ltd. reported Wednesday a 4.6-point improvement in its Q2 combined ratio, from 102.2% in the second quarter of 2016 to 97.6% in the latest quarter. Pembroke, Bermuda-based Axis Capital writes both reinsurance and commercial primary insurance worldwide…
Allianz Group’s Q2 2017 operating profit up 23% due to “improvements in all segments”
July 28, 2017 by Canadian UnderwriterAllianz Group has reported a 23% increase in operating profit for the second quarter of 2017 ending June 30 from 2.4 billion euros in Q2 2016 to 2.9 billion euros in the most recent quarter. Total revenues rose 2% to…
XL Group Ltd. sees net income soar in 2017 Q2 over prior-year quarter, focus on executing strategy continues
July 27, 2017 by Canadian UnderwriterBoth net income attributable to common shareholders and operating net income for Bermuda-based XL Group Ltd. skyrocketed in 2017 Q2 compared to 2016 Q2, with the former increasing six-fold to US$301.6 million. Specifically, net income attributable to common shareholders amounted…
SCOR posts net income of 292 million euros for the first half of 2017
July 27, 2017 by Canadian UnderwriterFrench reinsurer SCOR has reported a net income of 292 million euros for the first half of the year, up from 275 million euros in the first half of 2016. The company’s net combined ratio in P&C was 93.5% for…
Combined ratio down 4.6 points for Everest Re
July 25, 2017 by Canadian UnderwriterEverest Re Group Ltd. reported Monday catastrophe losses, net of reinsurance, of $53.5 million in the three months ending June 30, with a 4.6-point improvement in its Q2 combined ratio to 90.5%. All figures are in United States dollars. Hamilton,…
Catastrophe losses contribute to decrease in 2017 Q2 net income for Travelers
July 21, 2017 by Canadian UnderwriterSolid net investment income was not enough to offset higher catastrophe losses and lower underlying underwriting gains, contributing to the Travelers Companies, Inc. witnessing lower net income for 2017 Q2 compared to 2016 Q2. Net income was US$595 million for…
Fitch revises Lloyd’s outlook to negative due to deterioration in underwriting performance
June 30, 2017 by Canadian UnderwriterFitch Ratings has announced that it has revised Lloyd’s of London’s outlook to negative from stable as result of “deterioration in underwriting performance, coupled with increasing exposure to catastrophe risk in the context of continuing pressure on both risk-adjusted premium…
MSA calls for ‘sustainable solution for underinsurance’ in overland flood
June 27, 2017 by Canadian UnderwriterA potential solution to overland flood risk in Canada “could follow” the model of Britain’s Flood Re, MSA Research Inc. suggested in a report released Monday to Canadian Underwriter. Toronto-based MSA released its Quarterly Outlook Report for Q1 2017. In…