Canadian Underwriter

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Underwriting Results

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Impact of Fort McMurray wildfire softened by reinsurance risk sharing: DBRS

April 26, 2017 by Canadian Underwriter

Most Canadian insurers were able to generate positive underwriting results in Alberta through their use of reinsurance risk sharing following the Fort McMurray wildfire, credit ratings agency DBRS Limited said in a commentary released on Wednesday. The commentary, titled 2016

News CatastrophesCommercial LinesEarnings / RatingsInsurancePersonal Lines

Travelers reports combined ratio of 96% for Q1, net income of US$617 million

April 20, 2017 by Canadian Underwriter

The Travelers Companies, Inc. has reported a combined ratio of 96% for the first quarter of 2017, up 3.7 points from 92.3% in the first quarter of last year. Net income for the first quarter of 2017 ending March 31

News Commercial LinesInsuranceLegislation / RegulationMarkets / CoveragesMergers and AcquisitionsPersonal LinesReinsurance

161 companies have exited Canadian P&C market in past 20 years, 96% voluntarily: PACICC

April 13, 2017 Jason Contant, Online Editor

Over the past 20 years, 161 different insurance companies have exited the Canadian P&C market, 96% of which were voluntary exits, according to a new report from the Property and Casualty Insurance Compensation Corporation (PACICC). The report, the 11th in

News CatastrophesCommercial LinesEarnings / RatingsInsurancePersonal Lines

Higher catastrophe losses, lower investment income fuel reduced growth in underwriting gain for U.S. p&c insurance

July 11, 2016 by Canadian Underwriter

The highest level of catastrophe losses in five years contributed to the U.S. property and casualty insurance industry witnessing deteriorated underwriting results in the first quarter of 2016 compared to the prior-year quarter, notes a special report issued Friday by