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financial results


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Revenues for Willis Towers Watson up 2% in third quarter of 2016

November 8, 2016 by Canadian Underwriter

Global advisory, broking and solutions company Willis Towers Watson (WTW) has announced its financial results for the third quarter of 2016 ending Sept. 30, reporting total revenues of US$1.78 billion, an increase of 2% (5% constant currency increase, 1% organic

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Hurricane Matthew ‘will not be material’ to Berkshire Hathaway’s financial results

November 7, 2016 by Canadian Underwriter

Berkshire Hathaway Inc. reported Friday a 13% drop in its property & casualty premiums earned at its reinsurance group, while the primary insurers had a combined loss ratio of 61% during the third quarter of this year. For the three

News Earnings / RatingsInsurance

Crawford & Company reports net income of US$10.9 million in Q3 2016 compared to net loss of US$0.9 million in Q3 2015

November 7, 2016 by Canadian Underwriter

Independent claims provider Crawford & Company announced on Monday net income attributable to shareholders of US$10.9 million in the third quarter of 2016 ending Sept. 30 compared to a net loss of US$0.9 million in the same period last year.

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Economical Insurance gross written premiums up 6.7% to $550 million in third quarter of 2016 from prior-year quarter

November 7, 2016 by Canadian Underwriter

Economical Insurance has reported that gross written premiums (GWP) were up by 6.7% to $550.3 million in the third quarter of 2016 ending Sept. 30 from $515.9 million in Q3 2015. In the first nine months of 2016, GWP were

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Allstate revenues up 2.1% in Q3 2016 to US$9.22 billion

November 4, 2016 by Canadian Underwriter

The Allstate Corporation has reported consolidated revenues of US$9.22 billion for the three-month period ending Sept. 30, up 2.1% from US$9.03 billion in Q3 2015. For the first nine months of the year, consolidated revenues were up 1.1% to US$27.3

News Earnings / RatingsInsuranceMergers and Aqcuisitions

AIG reports net income of US$462 million for Q3 2016 compared to net loss of US$231 million in Q3 2015

November 3, 2016 by Canadian Underwriter

American International Group, Inc. (AIG) has reported a net income of US$462 million for the third quarter of 2016 ending Sept. 30 compared to a net loss of US$231 million in the prior-year quarter. Net income during the quarter included

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Swiss Re reports net income of US$3 billion for first nine months of 2016

November 3, 2016 by Canadian Underwriter

Swiss Re has reported a net income of US$3 billion for the first nine months of 2016, with all business units contributing to the result, “despite the difficult market environment.” The net income results, released on Thursday, compared to US$3.7

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Markel Corporation reports consolidated net written premiums of US$3.162 billion for first nine months of the year

November 2, 2016 by Canadian Underwriter

Glen Allen, Va.-based Markel Corporation reported on Tuesday consolidated net written premiums (NWP) for the nine months ending Sept. 30 of US$3.162 billion, up from US$3.023 billion in the same prior-year period. Of the consolidated NWP for the nine-month period,

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Personal auto premiums for Q3 up 5% for Intact, personal property premiums up by 8%

November 2, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) has reported that personal auto premiums for the third quarter of 2016 ending Sept. 30 grew by 5%, while personal property premiums grew by 8% from the prior-year quarter. IFC said in its financial results released

News InsuranceMergers and AqcuisitionsReinsurance

Allied World reports net income of US$68.6 million in Q3 2016 compared to net loss of US$51.6 million in Q3 2015

November 1, 2016 by Canadian Underwriter

Allied World Assurance Company Holdings, AG has reported a net income of US$68.6 million for the third quarter of 2016, compared to a net loss of US$51.6 million for the same quarter in 2015. The Zug, Switzerland-based company – a

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

CNA Financial posts net income of US$343 million in 2016 Q3

November 1, 2016 by Canadian Underwriter

CNA Financial Corporation saw net income jump US$165 million to US$343 million in 2016 Q3 over the prior-year quarter, driven by the performance of its Property & Casualty Operations, higher net investment income and stable catastrophe losses. Net income for

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Combined ratio down 4 points at Axis Capital

October 27, 2016 by Canadian Underwriter

Axis Capital Holdings Ltd. released Wednesday its financial results for the period ending Sept. 30, reporting a 2% overall increase in Q3 net premiums earned while underwriting income was up 46%. Pembroke, Bermuda-based Axis Capital reported net premiums earned of