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Investment returns remained subdued year-on-year for the vast majority of the companies in our analysis, ranging from 1.7 percent to 6.5 percent for the third quarter
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Weaker favourable prior-year development was again a feature in the third quarter results for most carriers in our analysis.
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Underwriters continued to suffer the effects of years of soft rates in the third quarter, with underlying margins from the liability side of the balance sheet again being squeezed for most of the P&C (re)insurers in our analysis
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P&C (re)insurance companies suffered perhaps the heaviest ever cat quarter on record in the three months to 30 September 2017, as the active hurricane season along with two earthquakes in Mexico generated billions of dollars of claims.
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Weaker favourable prior-year development was again a feature in the third quarter results for most carriers in our analysis.
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While the P&C sector was a sea of red in the third quarter, some carriers performed better than others against the expectation of analysts - although investor reaction remained muted.
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The third quarter catastrophes are estimated to have generated around $100bn in insured losses - still the most widely circulated claims tally despite recent market scepticism, with only around a third of that sum having been publicly disclosed to date.
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Investment returns remained subdued year-on-year for the vast majority of the companies in our analysis, ranging from 1.7 percent to 6.5 percent for the third quarter.
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The Insurance Insider's US specialty composite recorded a third quarter operating loss on equity as all the companies in the group absorbed major claims from the period's catastrophe events
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The big three insurance brokers all expanded their reinsurance business on an organic basis in Q3, with Aon posting the fastest growth for the second consecutive quarter.
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US specialty combined ratios escalated well into triple digits in the third quarter following elevated catastrophe losses, while ex-cat underwriting performances improved overall year-on-year.
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US specialty players continued to increase their exposure during the third quarter of 2017, with gross written premiums (GWP) rising by 10.8 percent, according to analysis by The Insurance Insider.