Intact Financial Corp : Intact Financial Corp - estimated catastrophe losses, net of reinsurance, for Q1 of 2017 of approximately $88 million on a pre-tax basis . Intact Financial - this year's winter conditions led to an increase in claims in all lines of business .Intact Financial - severe wind events in central and atlantic canada drove most of catastrophe losses in Q1.
Saga Plc : FY preliminary results for full year ended 31 january 2017 . FY underlying profit before tax £187.4 mln versus £177.4 mln year ago . Proposed full year dividend 8.5p versus 7.2p year ago . FY underlying profit before tax, excluding derivative gains and Ogden discount rate impact increased by 5.6% . FY strong performance in competitive environment with significant improvement in motor . FY broking profit per customer grew 5.7% to £46 (FY 2016: £43.5) . Confidence in continuing to deliver a consistent financial performance in 2017 is strong . Overall, we have seen a very positive start to year on motor premiums, with strong upwards movement on new business . Currently running in excess of claims inflation, and sets us on a strong footing to improve motor broking profits during year . Another tough year for home market, particularly given benign weather conditions over winter period . Travel insurance demand is stable . Overall, we remain positive on trading for our retail broking business for coming year .General economic confidence amongst our customers remains strong post Brexit vote.
Progressive Corp - : Progressive Direct Insurance Company enters into agreement to sell Australian operations to Hollard Insurance Company . Agreements also provide for PD Insurance Agency Pty Ltd, a new company created and partly owned by Hollard . Parties expect transfer will be effective in Q4 of 2017 .Says Hollard will acquire progressive's portfolio of insurance policies in Australia.