Revenue for Marsh’s U.S./Canada division up US$44 million to US$804 million...
Marsh & McLennan Companies, Inc. (MMC) has reported that revenue for the United States/Canada division of Marsh was up to US$804 million for the second quarter of 2016 ending June 30, from US$760...
View ArticleSwiss Re reports Q2 combined ratio of 101%, large nat cat losses of US$350M
Swiss Re Ltd. reported Friday its combined ratio in property and casualty reinsurance deteriorated 8.1 points, from 92.9% in the second quarter of 2015 to 101% in the three months ending June 30, due...
View ArticleP&C combined ratio improves one point to 97.4% for CNA Financial, net income...
CNA Financial Corporation has announced a one point improvement in its P&C combined ratio for the second quarter of 2016 ending June 30, from 98.4% last year to 97.4% in the most recent quarter....
View ArticleRisk solutions revenue up 1% at Aon
Aon plc reported a 1% increase in retail brokerage revenue for the three months ending June 30 compared to the same period in 2015. London-based Aon released Friday its financial results for the second...
View ArticleCombined ratio for AIG up 3.3% in Q2 2016 to 102.1%
American International Group, Inc. (AIG) has reported a 3.3% deterioration in its combined ratio for the second quarter of 2016, from 98.8% in Q2 2015 to 102.1% in the most recent quarter, reflecting...
View ArticleHannover Re sees dip in net income, lower gross written premiums for 2016 H1...
Hannover Re saw net income fall 8.6% to 486.1 million euros for the first half of 2016 from 531.9 million euros in the prior-year half, but remains confident the company is on track to achieve its...
View ArticleAllstate reports US$961 million in cat losses in second quarter of 2016
Northbrook, Ill.-based Allstate Corporation has reported catastrophe losses of US$961 million in the second quarter of 2016 compared to US$797 million in the same quarter of 2015 and US$1.79 billion in...
View ArticleEchelon Financial Holdings Inc. sees lower net income in 2016 Q2, will focus...
Echelon Financial Holdings Inc. (EFH) is exiting the European market to focus on growing its Canadian operations, which were negatively affected by the Fort McMurray wildfires that contributed to lower...
View ArticleCrawford more than doubles net income in second quarter of 2016
Atlanta, Ga.-based Crawford and Company has reported a net income attributable to shareholders of US$8.6 million in the second quarter of 2016, more than double the net income of US$4.1 million in the...
View ArticleZurich Insurance Group’s 2016 business operating profit down in H1, up in Q2...
Continuing to build on its efforts to simplify and become more agile, Zurich Insurance Group reports that its business operating profit (BOP) for the first half of 2016 was US$2.194 million, down 2%...
View ArticleDesjardins’ combined ratio up 26.5 points in Q2 2016, Fort McMurray wildfire...
Levis, Que.-based Desjardins General Insurance Group (DGIG) released its second quarter financial results on Friday, reporting an estimated expense of $30.2 million after reinsurance and income taxes...
View ArticleU.S. P&C insurance industry posts underwriting loss of US$2.3 billion in...
The property and casualty insurance industry in the United States posted an underwriting loss of approximately US$2.3 billion and a 3.5% decline year-over-year in net investment income through the...
View ArticleU.S. P&C insurers report US$1.5 billion net underwriting loss in first half...
Private property and casualty insurers in the United States reported a US$1.5 billion net underwriting loss in the first half of 2016 – the first year-to-date net underwriting loss in more than three...
View ArticleCanadian P&C industry combined ratio improves to 96% in 2015 from 99% in 2014
The property and casualty insurance industry in Canada reported an aggregated combined ratio of 96% in 2015, a three-point improvement from 99% in the previous year, driven by fewer severe weather and...
View ArticleKingsway reports net income of US$1.4 million in Q3 2016, compared to net...
Toronto-based Kingsway Financial Services Inc. has reported a net income attributable to common shareholders of US$1.4 million in the third quarter of 2016 ending Sept. 30, compared to a net loss...
View ArticleRisk and insurance revenue up 3% at Marsh & McLennan
Marsh & McLennan Companies Inc. announced Tuesday its risk and insurance revenue rose 3%, year over year, for the third quarter. New York City-based Marsh & McLennan owns brokerage Marsh Inc....
View ArticleChubb reports P&C combined ratio of 86% for Q3
Chubb Limited has reported a property and casualty combined ratio of 86% for the third quarter of 2016 ending Sept. 30, virtually unchanged from 85.9% in the prior-year quarter. For Global P&C...
View ArticleNat-cats contribute to decrease in net income at SCOR for first three...
The Group net income for SCOR for the first nine months of 2016 took a hit, partly as a result of the impact of natural catastrophes, falling 11.0% to 438 million euros compared to 492 million euros...
View ArticleEverest Re’s combined ratio improves five points to 85.6% in Q3 2016
Hamilton, Bermuda-based Everest Re Group, Ltd. has reported a combined ratio for the third quarter of this year of 85.6%, a five-point improvement from 90.6% in the same quarter of 2015. Excluding...
View ArticleCombined ratio down 4 points at Axis Capital
Axis Capital Holdings Ltd. released Wednesday its financial results for the period ending Sept. 30, reporting a 2% overall increase in Q3 net premiums earned while underwriting income was up 46%....
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