Keyword
loss ratio
Combined ratio for AIG up 3.3% in Q2 2016 to 102.1%
August 3, 2016 by Canadian UnderwriterAmerican International Group, Inc. (AIG) has reported a 3.3% deterioration in its combined ratio for the second quarter of 2016, from 98.8% in Q2 2015 to 102.1% in the most recent quarter, reflecting underwriting loss driven by higher catastrophe losses,…
Mutual insurers seeing revival in recent years: Swiss Re sigma report
August 2, 2016 by Canadian UnderwriterMutual insurers’ share of the overall insurance market increased from 24% of direct premiums written in 2007 to just over 26% in 2014, reversing some of the declines of previous decades, according to Swiss Re’s latest sigma report. Released on…
P&C combined ratio improves one point to 97.4% for CNA Financial, net income at US$209 million for Q2 2016
August 2, 2016 by Canadian UnderwriterCNA Financial Corporation has announced a one point improvement in its P&C combined ratio for the second quarter of 2016 ending June 30, from 98.4% last year to 97.4% in the most recent quarter. For the first six months of…
XL Group reports combined ratio up 6.1 points in second quarter, net income drops substantially
July 28, 2016 by Canadian UnderwriterGlobal insurance and reinsurance company XL Group plc reported on Wednesday that its P&C combined ratio climbed 6.1 points in the second quarter of 2016 to 96%, while net income attributable to ordinary shareholders of US$43.8 million for the quarter…
Loss ratio up 3 points for Arch Capital
July 28, 2016 by Canadian UnderwriterArch Capital Group Ltd. reported Wednesday a 1.4-point increase in its second-quarter combined ratio and 42% increase in net income, with growth in its travel, construction and national accounts. Pembroke, Bermuda-based Arch Capital’s operations include commercial insurer Arch Insurance Canada…
XL Group combined ratio up 3.6 points in Q1 2016
April 28, 2016 by Canadian UnderwriterXL Group plc has reported a P&C combined ratio of 92.5% for the first quarter of 2016 ending March 31, up from 88.9% in the prior-year quarter. Dublin, Ireland-based XL Group released its financial results on Wednesday, noting that the P&C…
U.S. D&O insurance pricing pressure to dampen performance: Fitch
April 13, 2016 by Canadian UnderwriterMarket conditions are evolving in the directors’ and officers’ (D&O) liability insurance market in the United States, with merger and acquisition activity in 2015 facilitating greater market concentration, according to a new report from Fitch Ratings. The report, titled U.S.…