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PCI Newsletter 2015 Day 1

The first of our special issues from this year's PCI conference.

27 October 2015
Axa P&C rate increases boost revenues

Average rate increases of 2.3 percent helped French insurance giant Axa boost its P&C revenues by 1 percent over the first nine months of the year.

Charlie Thomas, 27 October 2015
XL Catlin profits hit by Tianjin and integration costs

In its first period of combined reporting, XL Catlin saw operating net income decrease to $70.8mn for Q3, down from $187mn for the same quarter last year as it missed Wall Street earnings forecasts.

Dan Ascher, 27 October 2015
Everest Re beats on Q3 earnings despite cat losses

Everest Re reported a 29 percent drop in third quarter operating income to $200.2mn but still came in comfortably ahead of Wall Street expectations.

Fiona Robertson, 27 October 2015
Axis termination fee sends PartnerRe to net loss

PartnerRe fell to a net loss of $243.3mn as its third quarter numbers were impacted by the $315.0mn termination fee and expenses it paid in relation to its proposed merger with Axis and realized and unrealized investment losses of $121.8mn.

David Bull, 27 October 2015
WR Berkley beats with $117.6mn Q3 profit

WR Berkley has reported an operating income of $117.6mn for the third quarter, down from $141.6mn generated in the same period last year.

David Bull, 27 October 2015
Adverse development and cats send profits down at The Hartford

A fall in profits generated by The Hartford's P&C operations contributed to a 24 percent decrease in core earnings to $364mn at the US insurer in the third quarter.

David Bull, 27 October 2015
The Insider 30

Share price data on The Insurance Insider's universe of P&C (re)insurers

26 October 2015
Allied World trades down on Q3 results

Allied World shares suffered last week as markets reacted to the carrier's mixed third quarter results.

David Bull, 26 October 2015
Parliament examines controversial clause in Enterprise Bill

The UK House of Lords has considered the Enterprise Bill less than a week after members of the London market wrote to the economic secretary to the Treasury Harriet Baldwin to stress that one of the proposals was "fundamentally flawed".

Winifred Okocha, 26 October 2015

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