Canadian Underwriter

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Earnings


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RBC completes sale of RBC General Insurance Company to Aviva Canada

July 4, 2016 by Canadian Underwriter

Royal Bank of Canada announced Canada Day that the company has completed the previously announced sale of RBC General Insurance Company to Aviva Canada Inc. The RBC Insurance offerings involved in the sale include certain home and auto insurance manufacturing

News Earnings / RatingsInsurance

Desjardins General Insurance Group posts net income of $31.5 million in 2016 Q1, less than half the amount in 2015 Q1

May 16, 2016 Net Income

Despite an increase in direct premiums written, Desjardins General Insurance Group (DGIG) saw net income for the first quarter of 2016 drop to about $31.5 million compared to the prior-year quarter. At $31.5 million, net income for 2016 Q1 was

Hannover Re released its financial results for Q1 2016
News CatastrophesEarnings / RatingsInsurance

Hannover Re’s 2016 Q1 net income down without elimination of positive special effect in prior-year quarter, up 12.7% with elimination

May 10, 2016 by Canadian Underwriter

Hannover Re’s sharply improved underwriting results in property and casualty reinsurance for 2016 Q1 – coupled with the elimination of a positive special effect in 2015 Q1 – helped the world’s third largest reinsurer post a 12.7% hike in Group

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Chubb Limited’s net income down 35.6% to US$439 million in 2016 Q1 compared to US$681 million in prior-year quarter

May 6, 2016 by Canadian Underwriter

Operating and underwriting results for the first quarter of 2016 were strong, but Chubb Limited still saw reported net income decrease to US$439 million in the first quarter of 2016 compared to US$681 million in the same period of 2015.