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Grenfell Tower

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Magnitude of U.K.’s Grenfell Tower fire was preventable: FM Global

October 5, 2017 by Canadian Underwriter

The magnitude of the fire that engulfed London’s Grenfell Tower in June was preventable, according to a newly released whitepaper from FM Global, one of the world’s largest business property insurers. On June 14, a massive fire broke out in

News CatastrophesInsuranceReinsurance

Combined ratio down 5.9 points, P&C reinsurance premiums down 8% for Munich Re

August 11, 2017 by Canadian Underwriter

Munich Re reported Wednesday a combined ratio of 93.9% in reinsurance in the three months ending June 30, down 5.9 points from 99.8% in the same period in 2016, when the German reinsurer had natural catastrophe claims costs of €335

News CatastrophesConstructionInsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Canadian building standards meant to guard against fires like London blaze

June 16, 2017 Michelle McQuigge - THE CANADIAN PRESS

TORONTO – Canadian building standards should theoretically prevent the sort of blaze that engulfed a London apartment tower earlier this week, but at least one expert says flouting those regulations can put people in serious danger. Exterior panelling known as

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Cladding may have helped spread London high rise fire, experts say

June 15, 2017 Gregory Katz - THE ASSOCIATED PRESS

LONDON – The official cause may not be known for months. The death toll is unclear – and rising. No one has said exactly where the fire started. But experts suspect recent renovations at the Grenfell Tower, including newly installed

News CatastrophesInsuranceMarkets / Coverages

Six killed, 74 injured in massive London, U.K. high rise blaze

June 14, 2017 Gregory Katz and Danica Kirka - THE ASSOCIATED PRESS

LONDON – A deadly overnight fire raced through a 24-story apartment tower in London on Wednesday, killing at least six people and injuring 74 others. One desperate woman threw a baby out of a high window and a man on