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The Co-operators reports 4% increase in Auto line, from $264.5 million in Q2 2014 to $275 for the second quarter of 2015

Guelph, Ont.-based Co-operators General Insurance Company has reported that its Auto line of business remained the largest contributor to its net earned premium (NEP), increasing about $10.5 million in the second quarter of 2015, from $264.5...
Jul 31, 2015

Public, private cyber catastrophe reinsurance scheme would add clarity to U.K.'s cyber insurance market, encourage take-up: report

Risk management and shared learning must be rapidly grown and deployed, in essence, by forming a public/private catastrophe reinsurance scheme to address the growing cyber threat, suggests a new report out of the United Kingdom.
Jul 31, 2015

General insurance premiums up 2.6% for Industrial Alliance

Industrial Alliance Insurance and Financial Services Inc. of Quebec City released Thursday its financial results for the second quarter, reporting a 2.6% increase, year-to-year, in premiums from general insurance and a 21% increase in net...
Jul 30, 2015

Arch Capital Group reports drop in net income for Q2 2015

Arch Capital Group Ltd. has reported a net income of US$110.3 million for the second quarter of 2015 (ending June 30), compared to US$202.5 million for Q2 2014 and a combined underwriting ratio of 87.9%, compared to 86.2% for the same quarter...
Jul 30, 2015

June storm in Ontario tops $30 million in insured damage: IBC

The Insurance Bureau of Canada (IBC) reported earlier this week that the insured damage caused by the heavy rains and strong winds that swept southern Ontario on June 22 is estimated at more than $30 million.
Jul 30, 2015

Cyber insurance market to hit US$10 billion by 2020, ABI Research suggests

Risks will drive a US$10 billion cyber insurance market by 2020, suggests ABI Research, a London, United Kingdom-based technology market intelligence company with offices in North America, Europe and Asia.
Jul 30, 2015

Commercial p&c pricing in U.S. continues gradual decline in 2015 Q2

The gradual downward trend in rates for commercial property and casualty insurance across all lines in the United States continued in the second quarter of 2015, with decreases consistent with what was seen at the end of 2014 and 2015 Q1,...
Jul 30, 2015

Swiss Re net income US$820 million for Q2 2015, up from US$802 million in Q2 2014

Swiss Re has reported a net income for the second quarter of US$820 million, compared to US$802 million in Q2 2014, driven by a strong increase in Life & Health Reinsurance. For the second quarter of 2015, Property & Casualty...
Jul 30, 2015

Kingsway Financial Services reports operating loss of US$2.499 million for 2015 Q2, but net income of US$833,000

Kingsway Financial Services Inc. (KFS) is reporting an operating loss of US$2.499 million for the second quarter of 2015 compared to income of US$1.314 million for the same quarter of 2014, but adds the moves made in the second quarter to make...
Jul 30, 2015

Transport Canada updates rule to help secure rail cars, reduce risk of runaway trains

Transport Canada announced on Wednesday that it has approved revisions to Rule 112 of the Canadian Railway Operating Rules, which establish multiple layers of defence to secure trains and further reduce the risk of runaway trains.
Jul 29, 2015

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