Keyword
net written premiums
A.M. Best has ‘significant concerns’ about global reinsurance industry after 2016 accident year combined ratio tops 100%
September 5, 2017 by Canadian UnderwriterThe global reinsurance market is “far from thriving” and while the Lloyd’s market “maintains an excellent business profile,” its accident year combined ratio in reinsurance exceeded 100, A.M. Best Company Inc. said in a report released Tuesday. Each September, Oldwick,…
Aviva plc reports combined ratio of 98.9% for Canada in H1 2017, up three points from H1 2016
August 3, 2017 by Canadian UnderwriterAviva plc has reported a general insurance combined operating ratio (COR) of 98.9% for Canada for the first six months of the year ending June 30, up three points from 95.9% in the first six months of last year. For…
Allstate reports Property-Liability combined ratio of 97.2% in Q2 2017, a 3.6% improvement from 100.8% in Q2 2016
August 2, 2017 by Canadian UnderwriterThe Allstate Corporation has reported a Property-Liability (P-L) combined ratio of 97.2% for the second quarter of 2017 ending June 30, a 3.6% improvement from 100.8% in Q2 2016. Northbrook, Ill.-based Allstate released its financial results for the quarter and…
Aspen reports net income of US$76.8 million for Q2 2017
July 27, 2017 by Canadian UnderwriterAspen Insurance Holdings Limited released its financial results for the second quarter and first half of 2017 on Wednesday, reporting a net income after tax of US$75.8 million for Q2 2017. Gross written premiums (GWP) in the second quarter of…
Catastrophe losses contribute to decrease in 2017 Q2 net income for Travelers
July 21, 2017 by Canadian UnderwriterSolid net investment income was not enough to offset higher catastrophe losses and lower underlying underwriting gains, contributing to the Travelers Companies, Inc. witnessing lower net income for 2017 Q2 compared to 2016 Q2. Net income was US$595 million for…
Travelers reports combined ratio of 96% for Q1, net income of US$617 million
April 20, 2017 by Canadian UnderwriterThe Travelers Companies, Inc. has reported a combined ratio of 96% for the first quarter of 2017, up 3.7 points from 92.3% in the first quarter of last year. Net income for the first quarter of 2017 ending March 31…
RSA Group reports record 2016 underwriting profit of 380 million pounds and record combined ratio of 94.2%
February 24, 2017 by Canadian UnderwriterRSA Group has reported a record Group underwriting profit of 380 million pounds for 2016 – up 73% from 220 million pounds in 2015 – and a record Group combined ratio of 94.2% compared to 96.9% in 2015. RSA also…
CNA Property & Casualty Operations combined ratio at 95.9% for full-year 2016
February 7, 2017 by Canadian UnderwriterCNA Financial Corporation has reported a Property & Casualty Operations combined ratio for 2016 of 95.9%, similar to 95.4% for the 12 months ending Dec. 31 2015, and a combined ratio of 99.9% for the fourth quarter of 2016 ending…
Travelers’ net income up 9% in Q4 2016 to US$943 million
January 24, 2017 by Canadian UnderwriterThe Travelers Companies, Inc. has reported a net income of US$943 million for the fourth quarter of last year ending Dec. 31, 2016, up 9% from US$866 million in the prior-year quarter. Travelers released its financial results on Tuesday, noting…
Markel Corporation reports consolidated net written premiums of US$3.162 billion for first nine months of the year
November 2, 2016 by Canadian UnderwriterGlen 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,…
U.S. P&C insurers report US$1.5 billion net underwriting loss in first half of 2016
October 5, 2016 by Canadian UnderwriterPrivate property and casualty insurers in the United States reported a US$1.5 billion net underwriting loss in the first half of 2016 – the first year-to-date net underwriting loss in more than three years, according to ISO, a Verisk Analytics…
U.S. P&C insurance industry posts underwriting loss of US$2.3 billion in first half of 2016: A.M. Best
September 16, 2016 by Canadian UnderwriterThe property and casualty insurance industry in the United States posted an underwriting loss of approximately US$2.3 billion and a 3.5% decline year-over-year in net investment income through the first six months of 2016, said a new A.M. Best Company…