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P&C reinsurance gross written premiums for half-year up 17.3% to 5.4 billion euros for Hannover Re

August 10, 2017 by Canadian Underwriter

Hannover Re has reported a 17.3% increase in property and casualty reinsurance gross written premiums (GWP) for the first half of the year to 5.4 billion euros from 4.6 billion euros in H1 2016. “The main driver was once again

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RSA reports combined ratio of 94.8% for first half of 2017 in Canada ‘despite higher large losses’

August 2, 2017 by Canadian Underwriter

RSA Insurance Group plc reported Wednesday that its net premiums written in Canada during the six months ending June 30 were 5% higher, on a constant rate of exchange basis, than in the same period in 2016. Meanwhile, in Canada,

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

SCOR posts net income of 292 million euros for the first half of 2017

July 27, 2017 by Canadian Underwriter

French reinsurer SCOR has reported a net income of 292 million euros for the first half of the year, up from 275 million euros in the first half of 2016. The company’s net combined ratio in P&C was 93.5% for

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“Nearly all” U.K. drivers paying record amounts for car insurance: Association of British Insurers

July 10, 2017 by Canadian Underwriter

Drivers in nearly all age groups in the United Kingdom are paying record amounts for their car insurance and could face further increases unless the government takes action to reduce claims costs, the Association of British Insurers (ABI) warned recently.

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North American combined ratio up 2.2 points for Zurich Insurance

May 14, 2017 by Canadian Underwriter

Zurich Insurance Company Ltd. recently reported a 2.2-point deterioration in its first-quarter combined ratio in property and casualty insurance in North America, while the worldwide combined ratio increased 3.4 points, due in part to a recent change in the way

News CatastrophesClimate ChangeEarnings / RatingsMergers and AqcuisitionsReinsurance

Hannover Re Group net income down 2.4% to 264.8 million euros in 2017 Q1 compared to 2016 Q1

May 10, 2017 by Canadian Underwriter

Group net income for Hannover Re contracted to 264.8 million euros in the first quarter of 2017, but was in line with the prior-year quarter’s exceptionally good results, positioning the reinsurer well for achieving its financial targets this year. Group

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Q1 insurance premiums up 95% at Berkshire Hathaway after adverse development reinsurance agreement with AIG

May 8, 2017 by Canadian Underwriter

Berkshire Hathaway Inc. announced Friday it recorded insurance premiums earned of $21.7 billion during the three months ending March 31 – up 95% from $11.1 billion in Q1 2016 -while Cyclone Debbie affected the Omaha, Neb.-based firm’s underwriting result by

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio 100% in Q1 for Markel

May 2, 2017 by Canadian Underwriter

Commercial insurance writer Markel Corp. reported a combined ratio of 100% in the three months ending March 31, a 12-point deterioration from its combined ratio of 88% during the first quarter of last year. Glen Allen, Virginia-based Markel released April