Keyword
Texas hailstorms
Q1 claims and claims expense ratio improved 5.6 points for Allstate
May 10, 2017 by Canadian UnderwriterFor the second year in a row, hail in Texas in March has cost The Allstate Corp. millions of dollars in claims and claims expenses. Northbrook, Ill.-based Allstate released May 2 its financial results for the first three months of…
Allied World reports net income of US$68.6 million in Q3 2016 compared to net loss of US$51.6 million in Q3 2015
November 1, 2016 by Canadian UnderwriterAllied World Assurance Company Holdings, AG has reported a net income of US$68.6 million for the third quarter of 2016, compared to a net loss of US$51.6 million for the same quarter in 2015. The Zug, Switzerland-based company – a…
Combined ratio up 18 points for PartnerRe
August 3, 2016 by Canadian UnderwriterPartnerRe Ltd. has reported an 18-point deterioration in its combined ratio for the three months ending June 30, with the wildfire in Alberta contributing 7.5 points, or $73 million, to its loss expenses for the second quarter of this year.…
Allied World reports $10.3 million in reinsurance catastrophe losses from Fort McMurray wildfire
July 20, 2016 by Canadian UnderwriterAllied World Assurance Company Holdings AG reported Tuesday a 7.2-point improvement in its combined ratio, while the Fort McMurray, Alberta wildfires cost the carrier about $10.3 million and hail storms in Texas cost its reinsurance segment about $6 million and…
AXIS Capital estimates US$104 million in Q2 2016 losses from weather and cat events, including Fort McMurray wildfire
July 19, 2016 by Canadian UnderwriterPembroke, Bermuda-based AXIS Capital Holdings Limited announced on Monday its preliminary estimate of second quarter 2016 catastrophe and weather-related losses, including major losses from the Fort McMurray wildfire. AXIS Capital’s preliminary estimate of Q2 2016 cat and weather-related pre-tax losses…