Industry
Intact Financial Corporation (IFC) has reported that personal auto premiums for the third quarter of 2016 ending Sept. 30 grew by 5%, while personal property premiums grew by 8% from the prior-year quarter. IFC said in its financial results released on Wednesday that personal auto premiums grew 5% on the company’s growth initiatives, including telematics, […]
By Canadian Underwriter | November 2, 2016
4 min read
Brokerages would, no doubt, welcome efforts by sales team members to become the best performers possible. But pursuit of sales cannot trump the primary goal of a brokerage: to serve as a trusted advisor to clients. With the ever-changing landscape - including introduction of new products - awareness, understanding and focus is crucial to meeting the specific needs of each particular client.
By The CIP Society - Insurance Institute of Canada | November 1, 2016
6 min read
Allied 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 global provider of property, casualty and specialty insurance and reinsurance solutions – released its financial […]
By Canadian Underwriter | November 1, 2016
2 min read
PartnerRe Ltd., which writes commercial insurance and reinsurance worldwide, reported this week a 4% drop in Q3 non-life premiums while the combined ratio was essentially unchanged at 82.7% PartnerRe, which is based in Pembroke, Bermuda and has a Toronto office, reported net premiums written, in non-life, were $860 million during the three months ending Sept. […]
By Canadian Underwriter | October 28, 2016
3 min read
Aon plc has reported a net income attributable to shareholders of US$307 million for the third quarter of 2016 ending Sept. 30, up from US$295 million for the prior-year quarter. Total revenue was US$2.7 billion, similar to the prior-year quarter, driven primarily by 4% organic revenue growth in commissions and fees, offset by a 2% […]
Arch Capital Group Ltd. of Hamilton, Bermuda, reporting a 7.5% overall increase in net premiums written, a 2.1-point improvement in loss ratio and a drop in reinsurance premiums partly due to a decline in casualty, marine and aviation lines premiums. Net premiums written were $1.014 billion during the three months ending Sept. 30, up 7.5% […]
By Canadian Underwriter | October 27, 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 catastrophe losses, reinstatement premiums and prior period loss development, the current quarter attritional combined ratio was 84.4% compared to 88.3% in the same […]
Hamilton, Bermuda-based Aspen Insurance Holdings Limited has reported a combined ratio of 93.8% for the third quarter of 2016, up slightly from 93.4% in the third quarter of 2015. Aspen Insurance released its financial results on Wednesday, reporting a net income after tax of US$95.6 million and operating income after tax of US$69.3 million for […]
Aon Benfield is forecasting continued growth in direct homeowners insurance premiums in the United States for 2016, despite a decreasing return on equity (ROE) for insurers. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, released its annual Homeowners ROE Outlook report on Monday. The report revealed that U.S. homeowners premiums increased […]
By Canadian Underwriter | October 25, 2016
The Travelers Companies Inc. recently reported its third-quarter combined ratio deteriorated by six points while Q3 net premiums written were up 3% year over year. New York City-based Travelers reported Oct. 20 its financial results for the period ending Sept. 30. Net premiums written were $6.389 billion in the most recent quarter, compared to $6.191 […]
By Canadian Underwriter | October 24, 2016
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