Keyword
financial results
Personal auto premiums for Q3 up 5% for Intact, personal property premiums up by 8%
November 2, 2016 by Canadian UnderwriterIntact 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…
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 UnderwriterAllied 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…
CNA Financial posts net income of US$343 million in 2016 Q3
November 1, 2016 by Canadian UnderwriterCNA 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…
Combined ratio down 4 points at Axis Capital
October 27, 2016 by Canadian UnderwriterAxis 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…
Combined ratio improves 2.7 points at Arch
October 27, 2016 by Canadian UnderwriterArch Capital Group Ltd. of Hamilton, Bermuda, reporting a 7.5% overall increase in net premiums written, a 2.1-point improvement in loss ratio and a drop in reinsurance premiums partly due to a decline in casualty, marine and aviation lines premiums.…
Nat-cats contribute to decrease in net income at SCOR for first three quarters of 2016 compared to prior-year period
October 27, 2016 by Canadian UnderwriterThe Group net income for SCOR for the first nine months of 2016 took a hit, partly as a result of the impact of natural catastrophes, falling 11.0% to 438 million euros compared to 492 million euros for the first…
Chubb reports P&C combined ratio of 86% for Q3
October 26, 2016 by Canadian UnderwriterChubb Limited has reported a property and casualty combined ratio of 86% for the third quarter of 2016 ending Sept. 30, virtually unchanged from 85.9% in the prior-year quarter. For Global P&C (excluding agriculture), the combined ratio was 85.7% for…
Risk and insurance revenue up 3% at Marsh & McLennan
October 26, 2016 by Canadian UnderwriterMarsh & McLennan Companies Inc. announced Tuesday its risk and insurance revenue rose 3%, year over year, for the third quarter. New York City-based Marsh & McLennan owns brokerage Marsh Inc. and Guy Carpenter & Company LLC, among other subsidiaries.…
Kingsway reports net income of US$1.4 million in Q3 2016, compared to net loss of US$0.9 million in Q3 2015
October 21, 2016 by Canadian UnderwriterToronto-based Kingsway Financial Services Inc. has reported a net income attributable to common shareholders of US$1.4 million in the third quarter of 2016 ending Sept. 30, compared to a net loss attributable to common shareholders of US$0.9 million in the…
Lloyd’s reports 1.46 billion pound profit for first half of 2016, combined ratio up 8.5 points to 98%
September 22, 2016 by Canadian UnderwriterDespite seeing a “major claims increase due primarily to the Fort McMurray fires in Alberta, Canada” and a challenging market environment, Lloyd’s of London has reported a profit of 1.46 billion pounds – or nearly $2.5 billion – for the…
Desjardins’ combined ratio up 26.5 points in Q2 2016, Fort McMurray wildfire losses estimated at $30.2 million
August 15, 2016 by Canadian UnderwriterLevis, Que.-based Desjardins General Insurance Group (DGIG) released its second quarter financial results on Friday, reporting an estimated expense of $30.2 million after reinsurance and income taxes related to the Fort McMurray wildfire and a combined ratio of 99.1%. “The…
Q2 combined ratio up 6.5 points for Munich Re
August 9, 2016 by Canadian UnderwriterMunich Re reported Tuesday a 6.5-point deterioration in its Q2 combined ratio in property & casualty reinsurance, as the recent wildfires in Northern Alberta and the April earthquakes in Japan were among the natural catastrophes that contributed to the firm’s…