Canadian Underwriter

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investment income


News Earnings / RatingsInsuranceMergers and Aqcuisitions

Echelon Financial Holdings Inc. posts net income of $1.4 million in 2016 Q3, up from $1.3 million loss in 2015 Q3

November 3, 2016 by Canadian Underwriter

Echelon Financial Holdings Inc. has posted a net income of about $1.4 million in 2016 Q3 compared to a $1.3 million loss in 2015 Q3, although net operating income for the most recent quarter decreased markedly as a result of

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

North American P&C insurers’ operating profitability declines in first half of 2016: Fitch

August 29, 2016 by Canadian Underwriter

North 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

News Earnings / RatingsInsuranceMergers and AqcuisitionsProfessional Development

ICBC asks for 4.9% increase to basic insurance rates, lower than last year’s 5.5% increase

August 26, 2016 by Canadian Underwriter

The Insurance Corporation of British Columbia (ICBC) announced on Thursday that it will submit its 2016 basic rate application to the British Columbia Utilities Commission, asking for a 4.9% increase to basic insurance rates – lower than last year’s 5.5%

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Higher catastrophe losses, lower investment income fuel reduced growth in underwriting gain for U.S. p&c insurance

July 11, 2016 by Canadian Underwriter

The highest level of catastrophe losses in five years contributed to the U.S. property and casualty insurance industry witnessing deteriorated underwriting results in the first quarter of 2016 compared to the prior-year quarter, notes a special report issued Friday by

News Earnings / RatingsInsuranceMergers and Aqcuisitions

P&C industry in the U.S. marks third consecutive underwriting gain, but surplus declines on investment results: A.M. Best

May 9, 2016 by Canadian Underwriter

The property and casualty industry in the United States marked a third consecutive year of underwriting profitability, with US$6.2 billion in underwriting income in 2015, according to an A.M. Best Company special report released on Friday. However, the lower level

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Berkshire Hathaway reports US$11.124 billion in insurance premiums earned in Q1 2016, up from US$9.540 billion in Q1 2015

May 9, 2016 by Canadian Underwriter

Berkshire Hathaway Inc. has reported US$11.124 billion in insurance premiums earned in the first quarter of 2016 ending March 31, up from US$9.540 billion in the first quarter of 2015. Omaha, Neb.-based Berkshire Hathaway released its financial results on Friday.