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financial results


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Munich Re posts profit of 684 million euros in third quarter

November 10, 2016 by Canadian Underwriter

Munich Re has posted a profit for 684 million euros in the third quarter of 2016 ending Sept. 30, up from 525 million euros in the same quarter last year. For the first nine months of the year ending Sept.

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Fort McMurray will hit Canadian’s p&c industry financial results in 2016: A.M. Best

November 9, 2016 by Canadian Underwriter

Current-year financial results for Canada’s property and casualty industry – which were once again strong in 2015 – are expected to take a hit in the wake of the Fort McMurray wildfire loss, notes a new report from A.M. Best.

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

A.M. Best maintains stable outlook for Canadian P&C industry; financial results strong again in 2015

November 8, 2016 by Canadian Underwriter

Ratings firm A.M. Best Company continues to maintain a stable outlook for the Canadian property and casualty insurance industry, noting that it has “historically shown resilience and the ability to adapt when necessary.” A.M. Best’s stable outlook is based primarily

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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

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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