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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
Insurance
Available reinsurance capacity in Asia-Pacific is unlikely to be affected by the recent catastrophe losses in North America; as such, reinsurers will offer a “measured” response in the region, George Attard, head of Aon Benfield Analytics, Asia Pacific, told SIRC Today. 1 November 2017
Insurance
Specialty insurance and risk management solutions provider Ryan Specialty Group has completed the acquisition of the assets and operations of wholesale insurance brokerage Oxford Insurance Services, according to a Nov. 1 statement. 1 November 2017
Insurance
Property/casualty insurer Accredited Surety and Casualty Company (ASC), a subsidiary of Randall & Quilter (R&Q), has stricken an agreement with Forestry Insurance Company for its commercial auto liability business in South Carolina and Georgia. 1 November 2017
Insurance
Risk management provider Artex Risk Solutions is acquiring Chandler Insurance Management, according to an Oct. 31 press release. 1 November 2017
Insurance
While insurers in many Asian markets are enjoying solid growth, reinsurers are lagging behind in this regard as they also grapple with overcapacity putting downward pressure on rates—but some rate corrections are now expected after the heavy losses in North America, William Ho, head of reinsurance, Asia, MS Amlin, told SIRC Today. 31 October 2017
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