Aon Benfield has issued a thorough “latest update” report on Lloyd’s, detailing its syndicates, assets and other pertinent facts. Mike Van Slooten, international head of Market Analysis at Aon Benfield Analytics, who authored the report said: “Lloyd’s continues to produce …
XL Group plc, headquartered in Dublin, reported operating net income of $187.1 million, or $0.70 per share, for the third quarter, compared to operating net income of $154.6 million in last year’s third quarter (primarily due to higher underwriting profit …
Private U.S. property/casualty insurers’ net income after taxes rose to $43 billion in nine-months 2013 from $27.8 billion in nine-months 2012, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increasing to 9.5 …
First quarter results for U.S. property/casualty insurers show they made a profit on underwriting for the first time since late 2009. Private U.S. property/casualty insurers’ net income after taxes rose to $14.4 billion in first-quarter 2013 from $10.2 billion in …
Fitch Ratings has maintained its stable outlook for both the commercial and personal lines sectors of the U.S. property/casualty insurance industry. Insurers have withstood less favorable underwriting and economic conditions in the past several years, leading to weaker profitability. However, …
With interest rates low and looking like they will stay low for some time to come, property/casualty insurance companies will have to focus on making their profit on underwriting rather than on investments. However, P/C insurers expecting to achieve better …
