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Insurance
Property/casualty re/insurer Alleghany Corporation reported a net loss of $314.2 million for the 2017 third quarter, compared with net earnings of $155.8 million in the 2016 third quarter. 3 November 2017
Insurance
American International Group (AIG) reported a net loss of $1.7 billion for the third quarter of 2017, compared to a net income of $462 million in the prior-year quarter. 3 November 2017
Insurance
Homeowners insurer HCI Group reported a net loss of $40.5 million for the third quarter of 2017 compared with a net income of $11.3 million in the same period a year ago. 3 November 2017
Insurance
While reinsurers like Swiss Re see rates improving after major nat cat losses in the third quarter, the Greenlight Re CEO is skeptical about an imminent market turn. 2 November 2017
Insurance
Swiss Re expects higher demand from cedants for reinsurance cover as primary insurers seek to reduce volatility after the nat cat losses of the third quarter. 2 November 2017
Insurance
Personal lines insurer The Allstate Corporation has exceeded analysts’ estimates with a reported net income applicable to common shareholders of $637 million for the third quarter of 2017, but it is unlikely to keep this momentum going forward, according to Credit Suisse analysts. 2 November 2017
Insurance
Personal lines insurer The Allstate Corporation reported net income applicable to common shareholders of $637 million for the third quarter of 2017, up 29.7 percent compared to the same period of 2016. 2 November 2017
Insurance
Specialty re/insurer Lancashire Holdings reported a net loss of $139.0 million for the third quarter compared to a net profit of $40.1 million in the same period a year ago. 2 November 2017
Insurance
UK-based RSA is experiencing “challenges in wholesale and international commercial markets from US and Caribbean cat activity,” according to a Nov. 2, 2017 trading update. 2 November 2017
Insurance
Instead of exploring new lines of business in Asia, the priority should be to insure more people and help close the protection gap, Jayne Plunkett, chief executive officer for reinsurance in Asia at Swiss Re, told SIRC Today. 1 November 2017
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