Canadian Underwriter

Keyword
weather-related losses

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio down 4.6 points at Axis Capital

July 28, 2017 by Canadian Underwriter

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

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Catastrophe losses contribute to decrease in 2017 Q2 net income for Travelers

July 21, 2017 by Canadian Underwriter

Solid 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

News CatastrophesInsuranceMergers and Aqcuisitions

AXIS Capital estimates US$104 million in Q2 2016 losses from weather and cat events, including Fort McMurray wildfire

July 19, 2016 by Canadian Underwriter

Pembroke, 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