Canadian Underwriter

Earnings / Ratings

News Earnings / RatingsInsurance

Chubb sees 2009 Q2 profits increase, despite writing less premium

July 24, 2009 by Canadian Underwriter

The Chubb Corporation [NYSE: CB] saw its 2009 Q2 profits increase to US$551 million, compared to US$469 million in 2008 Q2, even though it wrote less premium than it did during the same period last year.Total net written premiums for

News Earnings / RatingsInsurance

Use of credit derivatives limited: Fitch

July 23, 2009 by Canadian Underwriter

The use of credit derivatives as a proportion of total derivatives was very limited in the 2009 Q1 filings of 100 companies, and its use was seemingly concentrated more among banks than insurance companies, according to a review of the

News Earnings / RatingsInsurance

B.C. credit union sells P&C subsidiary to The Co-operators

July 21, 2009 by Canadian Underwriter

Vancity, Canada’s largest credit union, has agreed to sell Vancity Insurance Services Limited (VISL) — its subsidiary for home, auto, travel and business insurance — to The Co-operators.The price tag of the deal, which is subject to regulatory approvals, was

News Earnings / RatingsInsurance

What’s New: In Brief (July 20, 2009)

July 20, 2009 by Canadian Underwriter

Aon Reed Stenhouse Inc. has acquired IAO Actuarial Consulting Services. The terms of the deal were not announced.IAO’s capabilities will be integrated into Aon’s Global Risk Consulting business, which provides a range of services from risk identification and control to