Pembroke, Bermuda-based AXIS Capital Holdings Limited has reported a combined ratio of 96.6% for the third quarter of 2015, compared to 92.2% in Q3 2014, and net premiums written (NPW) for its Insurance segment of US$381 million, an increase of…
Following its acquisition earlier this year of insurance carrier Catlin Group Ltd., XL Group plc reported a 66.1% year-over-year increase in third-quarter gross written premiums in property & casualty and a 3.3-point increase in its expense ratio, while an explosion…
The Government of Alberta’s announcement this week that it will pump almost $450 million into funding flood protection measures along the Bow and Elbow Rivers shows its “commitment to building resilient communities,” Insurance Bureau of Canada (IBC) notes in a…
Impact Forecasting, Aon Benfield’s catastrophe model development team, announced on Tuesday that it has enhanced its United States riverine flood model to more precisely quantify flood risk at a much higher resolution. Aon Benfield launched the enhanced model at the…
Guy Carpenter & Company, LLC, a global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies, has said that preliminary data indicates that 2015 insured losses from wildfires in the United States “may approach or exceed…
PartnerRe Ltd. released Monday its financial results for the three months ending Sept. 30, reporting a 1.4-point improvement in its Q3 combined ratio and a 7% drop, on a constant foreign exchange basis, in net premiums written in non-life. Pembroke,…
Prospective returns for homeowners insurers in the United States continue to improve, according to Aon Benfield’s 2015 Homeowners ROE Outlook report, released on Tuesday. The report from Aon Benfield – the global reinsurance intermediary and capital advisor for Aon plc…
Everest Re Group Ltd., whose products include reinsurance worldwide and liability coverage in Canada for sports and leisure firms, reported Monday a 1.65% increase in third-quarter premiums earned while its combined ratio deteriorated 3.3 points. Hamilton, Bermuda-based Everest Re released…
The Government of Alberta has committed to funding flood protection measures along the Bow and Elbow Rivers to help prevent a repeat of the damage and devastation experienced in parts of Calgary and upstream communities during the severe flooding in…
Onshore properties in Mexico escaped major damage when Hurricane Patricia made landfall, with catastrophe modelling firm AIR Worldwide estimating Sunday that insured losses to those properties will not exceed US$200 million. When at its height earlier, the National Hurricane Center…
Allied World Assurance Company Holdings, AG this week reported a net loss of US$51.6 million for 2015 Q3 compared to net income of US$30.9 million in 2014 Q3, partly driven by catastrophe and investment losses. “Net income for the quarter…
Catastrophe bond issuance for the third quarter of 2015 was roughly double that of Q3 2014, though year-to-date issuance was down 19% year over year, Willis Capital Markets and Advisory (WCMA) said in a recent report. In its insurance-linked securities…