Canadian Underwriter

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financial results


News Earnings / RatingsInsuranceMergers and Aqcuisitions

Aviva plc reports combined ratio of 98.9% for Canada in H1 2017, up three points from H1 2016

August 3, 2017 by Canadian Underwriter

Aviva plc has reported a general insurance combined operating ratio (COR) of 98.9% for Canada for the first six months of the year ending June 30, up three points from 95.9% in the first six months of last year. For

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Intact CEO hopes B.C. is ‘starting to think about introducing more competition’ in auto insurance

August 2, 2017 by Canadian Underwriter

Nine days after Insurance Corporation of British Columbia released a report it commissioned to Ernst & Young LLP on reforming auto insurance, the chief executive officer of Intact Financial Corp. suggested it is “better to have a competitive marketplace” in

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Allstate reports Property-Liability combined ratio of 97.2% in Q2 2017, a 3.6% improvement from 100.8% in Q2 2016

August 2, 2017 by Canadian Underwriter

The Allstate Corporation has reported a Property-Liability (P-L) combined ratio of 97.2% for the second quarter of 2017 ending June 30, a 3.6% improvement from 100.8% in Q2 2016. Northbrook, Ill.-based Allstate released its financial results for the quarter and

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Absence of large losses contributes to 20.6-point drop in Q2 combined ratio for PartnerRe

August 1, 2017 by Canadian Underwriter

PartnerRe 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

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Risk and insurance revenue up 12% for Jardine Lloyd Thompson

July 31, 2017 by Canadian Underwriter

Jardine Lloyd Thompson Group PLC recently released its financial results for the first six months of this year, reporting a 3% drop, on a constant rate of exchange, of risk and insurance revenue in Canada. London-based JLT reported July 27

News CatastrophesEarnings / RatingsMergers and Aqcuisitions

CNA Financial net income in 2017 Q2 up over 2016 Q2, combined ratio also improves

July 31, 2017 by Canadian Underwriter

CNA 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

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S./Canada division of Marsh sees revenues increase to US$850 million in Q2 2017 from US$804 million in Q2 2016

July 28, 2017 by Canadian Underwriter

Revenue for the United States and Canada division of Marsh increased to US$850 million in the second quarter of 2017 from US$804 million in the same quarter last year, Marsh & McLennan Companies (MMC) reported on Thursday. MMC, whose companies

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Aspen reports net income of US$76.8 million for Q2 2017

July 27, 2017 by Canadian Underwriter

Aspen Insurance Holdings Limited released its financial results for the second quarter and first half of 2017 on Wednesday, reporting a net income after tax of US$75.8 million for Q2 2017. Gross written premiums (GWP) in the second quarter of

News CatastrophesEarnings / RatingsInsuranceReinsurance

XL Group Ltd. sees net income soar in 2017 Q2 over prior-year quarter, focus on executing strategy continues

July 27, 2017 by Canadian Underwriter

Both 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

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

SCOR posts net income of 292 million euros for the first half of 2017

July 27, 2017 by Canadian Underwriter

French 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

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Chubb reports P&C combined ratio of 88% for Q2 2017

July 26, 2017 by Canadian Underwriter

Chubb Limited has reported a P&C combined ratio of 88% for the second quarter of 2017 ending June 30, down 3.2 points from 91.2% in the same quarter last year. Chubb released its financial results on Tuesday. The insurer reported

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio down 4.6 points for Everest Re

July 25, 2017 by Canadian Underwriter

Everest 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,