Canadian Underwriter

Topic
Earnings / Ratings


News Earnings / RatingsInsuranceMergers and Aqcuisitions

Gross written premiums up 16% at Axis Capital

April 27, 2016 by Canadian Underwriter

Axis Capital Holdings Ltd. reported Wednesday a 91% year-over-year increase in first-quarter gross written premiums in aviation insurance and a 19.7% drop in marine premiums, while its combined ratio improved 1.8 points. Pembroke, Bermuda-based Axis Capital released its financial results

News CatastrophesEarnings / RatingsInsurance

Reinsurance company SCOR’s net income falls slightly to 170 million euros in the first quarter of 2016 compared to prior-year quarter

April 27, 2016 by Canadian Underwriter

Despite a low natural catastrophe-loss environment that helped SCOR’s Global Property and Casualty segment record strong technical profitability and a solid contribution from the Life segment for gross written premiums, the company’s net income fell slightly to 170 million euros

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Everest Re Group’s net income almost halved to US$171.7 million in 2016 Q1 from prior-year quarter

April 26, 2016 by Canadian Underwriter

Net income available to common shareholders of Everest Re Group Ltd. was US$171.7 million in the first quarter of 2016 compared to US$323.0 million in the same quarter of 2015, the company reported Monday. The after-tax operating income available to

News Earnings / RatingsInsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

U.S. D&O insurance pricing pressure to dampen performance: Fitch

April 13, 2016 by Canadian Underwriter

Market conditions are evolving in the directors’ and officers’ (D&O) liability insurance market in the United States, with merger and acquisition activity in 2015 facilitating greater market concentration, according to a new report from Fitch Ratings. The report, titled U.S.

News AssociationsClimate ChangeEarnings / RatingsInsuranceLegislation / RegulationProfessional DevelopmentTechnology

Forecasting emerging risks expected to get tougher: Marsh/RIMS report

April 11, 2016 Angela Stelmakowich, Editor

SAN DIEGO – Cyber attacks – once again identified as a top critical business risk – are expected to be a source of emerging risks, but forecasting for all emerging risks could prove more challenging over the next three years,

News Earnings / RatingsInsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

ISO to collect cyber insurance data to help mitigate risk related to cyberattacks

April 6, 2016 by Canadian Underwriter

ISO, a Verisk Analytics business, announced on Wednesday that it will collect, aggregate and analyze cyber insurance data to help address a major issue facing today’s cyber insurance market: the need for more detailed underwriting and rating information. ISO said

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and AqcuisitionsTechnology

Canada’s p&c industry sees big jump in underwriting income, big drop in nat-cat losses in 2015: IBC

April 6, 2016 by Angela Stelmakowich

Despite the challenges and fluctuations of 2015 – including plummeting oil prices – Canada’s property and casualty industry “had a relatively good year,” with underwriting income tripling to about $1.7 billion, David McGown, senior vice president of strategic initiatives for

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Global reinsurer capital down 2% in 2015 relative to 2014: Aon Benfield

April 4, 2016 by Canadian Underwriter

Global reinsurer capital stood at US$565 billion at Dec. 31, 2015, a reduction of 2% relative to the end of 2014, according to the latest edition of the Aon Benfield Aggregate (ABA) report. Aon Benfield, the global reinsurance intermediary and

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Reinsurance demand uptick despite price softening, reinsurers may not grant more concessions: Willis Re

April 4, 2016 by Canadian Underwriter

Encouraging signs for reinsurers are coming to light despite reinsurance rates falling for the fourth consecutive year at the Apr. 1, renewals, suggests Willis Re suggests in its latest 1st View Reinsurance Renewals report. “Amidst a gloomy picture of sustained

News AssociationsEarnings / RatingsInsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

Cyber risk, interest rates, economy remain major concerns for insurers: A.M. Best

March 28, 2016 by Canadian Underwriter

Concerns regarding cyber risk, interest rates and the economy remain prominent among insurers, according to the latest quarterly survey from A.M. Best Company. The Best’s Special Report, released on Thursday, included several hundred responses, representing property and casualty (70.4%), life

News Earnings / RatingsInsuranceMarkets / Coverages

Link between oil price reduction, increase in major incidents: Marsh

March 24, 2016 by Canadian Underwriter

Energy firms are facing challenges, including falling revenues, but are encouraged to maintain their investment in risk management to reduce the potential for future major incidents and insurance claims, suggests a new research report from global insurance broker and risk

Feature Claims CanadaEarnings / Ratings

The Yellow Light Dilemma

July 31, 2015 Joseph Jakym, Partner, Roar Engineering|Joseph Jakym, Partner, Roar Engineering

Drivers face split-second decisions at intersections – an accident might not be as simple as it first appears.