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Feature Stories and Daily News from Canadian Underwriter

The Co-operators acquires majority of The Edge Benefits

The Co-operators announced on Tuesday that it has purchased a majority interest in The Edge Benefits, a Newmarket, Ont.-based company that provides self-employed and small business owners with “insurance solutions specifically designed to...
May 5, 2015


Economical Insurance reports Q1 net income of $34.2 million, 2% increase in gross written premiums

Economical Insurance, a property and casualty insurance company in Waterloo, Ont., reported a combined ratio of 105.7% for Q1 2015, compared to the 105.5% reported in the same quarter a year ago, but also consolidated net income of $34.2...
May 5, 2015


ICBC, police team up for high-risk driving campaign

The Insurance Corporation of British Columbia (ICBC), police forces and the B.C. government are launching a month-long campaign focusing on the failure to yield and other high-risk driving behaviour.
May 5, 2015


Cyber attacks major concern for small business owners in the United States: study

Endurance International Group, a technology company in Burlington, Mass. that helps power small and medium-sized businesses online, released on Monday the results of its 2015 Small Business & CyberSecurity survey, which found 31% of small...
May 5, 2015


PartnerRe board of directors rejects takeover offer from EXOR

PartnerRe Ltd., a Bermuda-based reinsurer and commercial insurance carrier with a Toronto office, announced Monday its board of directors has rejected a takeover offer from investment firm EXOR S.p.A. and proposed new terms of a...
May 5, 2015


Recent storms Australia's fifth declared cat of 2015

Storms between Apr. 30 and May 3 in southeast Queensland and northern New South Wales (NSW) – prompting 7,500 claims and initial loss estimates of AU$26 million as of Monday morning – represent Australia’s fifth declared...
May 5, 2015


Rebuilding Nepal: Canada's disaster relief team sets up operations

OTTAWA - Canada's disaster-relief team is now setting up operations in earnest in Nepal, but aid agencies and the Nepalese government warned Monday that a long road of rebuilding after the devastating earthquake lies ahead.
May 5, 2015


XL Catlin brand launches, global marketing campaign set to begin

XL Group plc and Catlin Group Limited have launched a new brand, XL Catlin, effective Monday.
May 4, 2015


Fairfax announces 91.3% Q1 combined ratio of its insurance and reinsurance operations

Toronto-based Fairfax Financial Holdings Limited announced last week that the combined ratio of its insurance and reinsurance operations was 91.3% on a consolidated basis, producing an underwriting profit of US$126.8 million in Q1 2015,...
May 4, 2015


Canadian, U.S. ministers announce new class of tank car for the transportation of flammable liquids in North America

Lisa Raitt, the federal Minister of Transport and U.S. Secretary of Transportation, Anthony Foxx, unveiled a new class of rail tank car for flammable liquids on Friday.
May 4, 2015


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