Keyword
financial results
Loss ratio up 3 points for Arch Capital
July 28, 2016 by Canadian UnderwriterArch Capital Group Ltd. reported Wednesday a 1.4-point increase in its second-quarter combined ratio and 42% increase in net income, with growth in its travel, construction and national accounts. Pembroke, Bermuda-based Arch Capital’s operations include commercial insurer Arch Insurance Canada…
Intact reports $127 million loss from Fort McMurray wildfire, combined ratio up to 99.2% in Q2
July 27, 2016 by Canadian UnderwriterIntact 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…
Nat cats in Q2 2016 cost Chubb an estimated US$390 million
July 13, 2016 by Canadian UnderwriterChubb Limited has estimated that natural catastrophe losses in the second quarter of 2016 cost the insurer US$390 million pre-tax, or US$315 million after tax. According to Chubb’s estimate, released on Tuesday, of the pre-tax total, US$320 million is from…
The Digital Edition of Canadian Underwriter magazine’s 2016 STATISTICAL ISSUE
July 8, 2016 by Canadian UnderwriterDigital Edition below ↓ Canadian Underwriter magazine’s 2016 STATISTICAL ISSUE Digital Edition – including all the insurance company and reinsurance 2015 annual results. Digital Edition below ↓ Archived Digital Editions: http://bit.ly/cuarchive
Berkshire Hathaway reports US$11.124 billion in insurance premiums earned in Q1 2016, up from US$9.540 billion in Q1 2015
May 9, 2016 by Canadian UnderwriterBerkshire Hathaway Inc. has reported US$11.124 billion in insurance premiums earned in the first quarter of 2016 ending March 31, up from US$9.540 billion in the first quarter of 2015. Omaha, Neb.-based Berkshire Hathaway released its financial results on Friday.…
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…
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 UnderwriterOperating 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.…
Echelon Financial Holdings’ net loss rises to $4.5 million in 2016 Q1, dividend suspended, strategy is to build on Canada’s strengths
May 5, 2016 by Canadian UnderwriterChallenges in Echelon Financial Holdings Inc.’s International business overshadowed solid Canadian profits, contributing to the company reporting a net loss in 2016 Q1 compared to the prior-year quarter. Net loss for the three months ended Mar. 31, 2016 amounted 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…
Swiss Re reports net income of US$1.2 billion in Q1 2016
May 2, 2016 by Canadian UnderwriterSwiss Re has reported a net income of US$1.2 billion in Q1 2016, down from US$1.4 billion reported in the prior-year period, but “supported by solid underwriting and strong investment results.” Net income for Property and Casualty Reinsurance was US$587…
Reinsurance company SCOR’s net income falls slightly to 170 million euros in the first quarter of 2016 compared to prior-year quarter
April 27, 2016 by Canadian UnderwriterDespite a low natural catastrophe-loss environment that helped SCOR’s Global Property and Casualty segment record strong technical profitability and a solid contribution from the Life segment for gross written premiums, the company’s net income fell slightly to 170 million euros…