Q2 2016 Archives - Carrier Management

Zurich’s General Insurance Unit Sees Profit Rise as Reorganization Continues

Zurich Insurance Group AG rose to the highest in eight months on higher profit at its largest unit, adding to signs that an overhaul at Switzerland's biggest insurer is starting to bear fruit. ...

Munich Re Gains From Selling Investments and Currency Changes

Munich Re, the world's second-biggest reinsurer, reported second-quarter profit that beat analysts' expectations as gains from currencies and investments cushioned higher claims from natural ...

GEICO Gains Helped Boost Berkshire Hathaway Q2 Profit 25%

Warren Buffett's Berkshire Hathaway Inc. said second-quarter profit rose 25 percent on earnings from newly acquired manufacturing businesses and improved results at insurance operations. Net income ...

Allstate Creates Standalone Telematics Unit

Allstate Corp. Chief Executive Officer Tom Wilson created a stand-alone unit for a telematics business that he expects to grow rapidly by collecting data on drivers and selling analytics products to ...

Energy Investments Drove Liberty Mutual’s Q2 Net Income Down 94%

Losses from energy investments caused a drop of more than 90 percent in Liberty Mutual's 2016 second quarter net income, though net written premium grew and the combined ratio improved slightly. Net ...

Allianz’s Q2 Profit Plunges by Nearly Half, Missing Estimates

Allianz SE said second-quarter profit almost halved, missing estimates, as Europe's biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea ...

State Auto Lost $24.6M in Q2; Catastrophe and Auto Losses to Blame

Higher catastrophe and auto losses helped drive State Auto Financial Corp.'s 2016 second quarter into the red. The Columbus, Ohio-based super regional insurer reported a second quarter 2016 net loss ...

UK Insurers RSA, Aviva Shake off Brexit Fallout With Higher Profits

Insurers Aviva Plc and RSA Insurance Group Plc shrugged off any fallout from the Brexit referendum by reporting higher first-half profit and increasing shareholder payouts. The shares rallied in ...

AIG CEO Peter Hancock: ‘We Still Have a Long Way to Go’

In AIG CEO Peter Hancock's bid to reshape the struggling insurance giant and restore its fortunes, he exceeded (admittedly low) expectations, at least for the 2016 second quarter. But he also made an ...

As Promised, AIG Scales Back Hedge Fund Investments

American International Group Inc. reduced bets on event-driven and long-short strategies as the insurer scaled back hedge fund investments. Event-driven holdings were cut 41 percent to $700 million, ...