Re/Insurance groups

Chubb Reports First Quarter P&C Combined Ratio of 87.5%

Chubb Limited (NYSE: CB) today reported net income for the quarter ended March 31, 2017 of USD 1,093 million, or USD 2.31 per share, compared with USD 439 million, or USD 0.97 per share, for the same quarter last year.  Operating income was USD 1,175 million, or USD 2.48 per share, compared with USD 1,019 million, or USD 2.26 per share, for the same quarter last year. The property and casualty (P&C) combined ratio was 87.5% for the quarter. Book value per share increased 1.7% and tangible book value per share increased 3.1% from December 31, 2016 and now stand at USD 105.35 and USD 62.52, respectively.

CROATIA Osiguraje's Q1 net profit up by 71%

ADRIS Group, the holding company owning CROATIA Osiguranje (CO), announced its insurance arm increased its Q1 2017 net profit by 71% y-o-y, to HRK 67.8 million (about EUR 9.1 million).

Swiss Re strengthens its commitment to Asia

Swiss Re announced plans to further strengthen its commitment to Asia by establishing a dedicated regional legal entity in Singapore for its Reinsurance business unit, which will also be its Asian reinsurance headquarters.