AIG Reports Q3 Results With $450M in Losses From Ian November 2, 2022 Third quarter net income attributable to American International Group (AIG) shareholders increased about $1 billion compared with the same time...
Q3 Net Income Down 30% at The Hartford; $214M in Ian Losses October 31, 2022 By Allen Laman Compared to the same window last year, net income at The Hartford was down during the third quarter of 2022...
Universal P&C Posts $72 Million Loss, But Says it’s Well-Covered with Reinsurance October 31, 2022 Universal Insurance Holdings Inc., the parent company of Universal Property & Casualty Insurance Co., Florida’s second-largest carrier, posted a $72...
WTW Posts Drop in Q2 Net Income, Revises 2024 Outlook on Russia Losses October 28, 2022 By Ezra Amacher Third-quarter net income at broker WTW was $192 million compared to $907 million during the prior-year third quarter. Net income...
Chubb’s Q3 Numbers: Net Income Falls on Realized Losses; P/C Profits Up 15% October 26, 2022 In spite of incurring nearly $1 billion in pre-tax net losses from Hurricane Ian, Chubb reported a combined ratio of...
Berkley Cooling on Professional Lines, Firing Up Property Cat Re Engines October 26, 2022 By Susanne Sclafane Property cat reinsurance: “More.” Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp.,...
Property Cat Market to Harden More; Possible ‘Significant Supply Imbalance’: MMC’s Doyle October 21, 2022 By Chad Hemenway While the total impact of Hurricane Ian won’t be realized for some time, the effect on an “already stressed property...
The Hanover: $28M Loss From Ian as Overall Cat Losses Exceed Assumption October 20, 2022 The Hanover Insurance Group on Oct. 20 released an estimate of third-quarter overall catastrophe and Hurricane Ian-related losses. Q3 catastrophe...
Allstate Expects Q3 Net Loss Up to $725M; Ian Caused $366M Net Loss October 19, 2022 By Chad Hemenway Allstate Corp said it expects to report a third quarter net loss of of between $675 million and $725 million...
Travelers Q3 Net Income Falls 31% October 19, 2022 Third quarter net income at Travelers Companies dropped 31%, compared with the same period a year ago, to $454 million....