catastrophe losses News
Kemper’s Q1 Pre-Tax Cat Losses Could Reach $45M
Kemper Corp. disclosed that its pre-tax catastrophe losses will hit between $35 million and $45 million for the 2016 first quarter. What's more, the Chicago-based insurer said it doesn't expect to ...
Low Catastrophes, High Reserve Releases Mask Reinsurance Industry Weakness
Weak business conditions in the reinsurance industry are being masked by a low level of catastrophes and a high level of reserve releases, said Standard & Poor's Ratings Services and Fitch ...
Liberty Mutual Ended 2015 Bruised by Catastrophe Losses
Liberty Mutual Insurance ended 2015 in the black, but higher losses from catastrophes and other hits hurt its performance during the year. Parent Liberty Mutual Holding Co. booked $411 million in net ...
Allianz Boosts Profit but Catastrophe Loss Claims Soar
Allianz SE missed analyst estimates for fourth-quarter profit because of claims from natural catastrophes. Net income at Europe's biggest insurer increased to 1.42 billion euros ($1.6 billion) in the ...
Zurich Announces New CEO Start Date; Q4 Loss Hits $424M
Zurich Insurance attempted to mollify investors on Thursday by bringing forward the start date for incoming Chief Executive Mario Greco and holding its dividend unchanged. But a steeper-than-expected ...
U.K. Insurers Can Handle Nation’s Historic Floods: A.M. Best
As the U.K. continues to deal with a winter of historic flooding, strong balance sheets and an otherwise light year for bad weather will allow insurers to absorb the losses, A.M. Best concluded in a ...
Allstate’s October Pre-Tax Cat Losses Hit $172M
Allstate Corp. reported $172 million in estimated pre-tax catastrophe losses for October, stemming in part from higher than anticipated reported claims during the winter in early 2015. Broken down, ...
U.S. Property/Casualty Net Income Grew Steadily in 2015 First Half
Thanks to a relatively quiet tornado season and slow start to the U.S. hurricane season, there's good news to report concerning property/casualty insurers' net income during the first half of 2015. ...