Keyword
global reinsurance
Behind the upcoming hard market in global reinsurance
July 6, 2022 by David GambrillGlobally, insurance companies’ premiums are on the rise. Inflation and wartime sanctions are cited as two (among other) major factors in why global reinsurers are sliding into a harder market status as of recent July 1, 2022, renewals, according to…
Chubb reports P&C combined ratio of 88% for Q2 2017
July 26, 2017 by Canadian UnderwriterChubb 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…
Chubb net income up 149.2% to US$1.09 billion in Q1 2017
April 26, 2017 by Canadian UnderwriterChubb Limited has reported a 149.2% increase in net income for the first quarter of 2017 ending March 31, from US$439 million in Q1 2016 to US$1.09 billion in the most recent quarter. Operating income was US$1.17 billion, up 15.3%…
North American P&C insurers’ operating profitability declines in first half of 2016: Fitch
August 29, 2016 by Canadian UnderwriterNorth American property and casualty insurers’ operating earnings decreased in the first half of 2016, as results were challenged by modest underwriting deterioration and low investment yields, according to a new report released on Friday by Fitch Ratings. For a…