Munich Re reported Wednesday a combined ratio of 93.9% in reinsurance in the three months ending June 30, down 5.9 points from 99.8% in the same period in 2016, when the German reinsurer had natural catastrophe claims costs of €335…
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…
Toronto-based Echelon Financial Holdings Inc. has reported a combined operating ratio of 93.5% for the second quarter of 2017 ending June 30, a 4.2 point improvement from 97.7% in Q2 2016, driven by strong results in personal auto and commercial…
Toronto-based Kingsway Financial Services Inc. has reported a net loss attributable to common shareholders of US$7.9 million in the second quarter of 2017 compared to a net loss attributable to common shareholders of US$0.6 million in the same quarter last…
Economical Insurance reported a 12.8% increase in gross written premiums (GWP) in the second quarter of 2017 to $660.6 million, driven by strong personal lines growth, including contributions from Sonnet and Petline. “While we generated significant growth in gross written…
Catastrophe bond issuance during the second quarter of 2017 totalled US$6.38 billion across 20 transactions, a new record for quarterly issuance that easily surpassed the previous record of US$4.49 billion set in Q2 2014, Aon Securities said in a new…
Willis Towers Watson plc reported Thursday its commissions and fees from corporate risk and broking were $624 million during the three months ending June 30, a slight drop from $627 million during the same period in 2016. “North America organic…
American International Group Inc. reported Wednesday its net income was $1.13 billion during the three months ending June 30 and its Q2 combined ratio in personal insurance improved 5.9 points from last year, but the combined ratio in commercial insurance…
The 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…
Arthur J. Gallagher & Co. (AJG) has reported Brokerage revenues of US$998.1 million for the second quarter of 2017, up from US$997 million in the same quarter last year. Net earnings for the Brokerage segment for the quarter ending June…
Axis Capital Holdings Ltd. reported Wednesday a 4.6-point improvement in its Q2 combined ratio, from 102.2% in the second quarter of 2016 to 97.6% in the latest quarter. Pembroke, Bermuda-based Axis Capital writes both reinsurance and commercial primary insurance worldwide…
Revenue for the United States and Canada division of Marsh increased to US$850 million in the second quarter of 2017 from US$804 million in the same quarter last year, Marsh & McLennan Companies (MMC) reported on Thursday. MMC, whose companies…