Canadian Underwriter

Topic
Earnings / Ratings


News ConstructionEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Cyber market ‘softer than ever,’ commercial property, general liability rates down in U.S. in Q2: CIAB

August 23, 2017 by Canadian Underwriter

Responses from brokers surveyed indicate commercial property insurance rates in the United States dropped an average of 3.6% during the three months ending June 30, with average premium pricing down 1.44% in cyber, in a market that is “softer than

News CatastrophesEarnings / RatingsInsuranceReinsurance

Global reinsurers’ first-half 2017 results reflect pricing pressure, consolidation expected: Fitch

August 21, 2017 by Canadian Underwriter

Global reinsurers’ first half 2017 results provide further evidence of continuing pressure on pricing and earnings, Fitch Ratings said in a report released on Monday. “Intense competition among global reinsurers and the abundance of capital invested in the sector mean

News Earnings / RatingsInsuranceLegislation / RegulationMarkets / Coverages

Canadian inflation perks up for first time since January, hits 1.2% in July

August 18, 2017 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – Inflation picked up its pace last month for the first time since January as the annualized rate accelerated to 1.2 per cent, Statistics Canada said Friday. The latest inflation number increased from its June reading of one per

News Earnings / RatingsInsuranceMergers and Aqcuisitions

U.S. P&C industry sustains favourable rating activity in H1 2017: A.M. Best

August 17, 2017 by Canadian Underwriter

Credit rating activity for the United States’ property and casualty industry in the first half of 2017 was favourable, with upgrades outpacing downgrades, A.M. Best Company reported on Thursday. Nearly one-third of the 2017 upgrades were driven by “increased parental

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

P&C reinsurance gross written premiums for half-year up 17.3% to 5.4 billion euros for Hannover Re

August 10, 2017 by Canadian Underwriter

Hannover Re has reported a 17.3% increase in property and casualty reinsurance gross written premiums (GWP) for the first half of the year to 5.4 billion euros from 4.6 billion euros in H1 2016. “The main driver was once again

News Earnings / RatingsInsuranceMergers and AqcuisitionsProducts

Echelon’s combined ratio improves 4.2 points to 93.5% in Q2, driven by personal auto and commercial property and liability

August 10, 2017 by Canadian Underwriter

Toronto-based Echelon Financial Holdings Inc. has reported a combined operating ratio of 93.5% for the second quarter of 2017 ending June 30, a 4.2 point improvement from 97.7% in Q2 2016, driven by strong results in personal auto and commercial

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Fairfax ‘not oriented’ towards more acquisitions: Watsa

August 10, 2017 by Canadian Underwriter

Officials with Fairfax Financial Holdings Ltd., which recently bought a majority interest in Allied World Assurance Company Holdings AG, “want to look at how” they can “organically expand” the firm’s existing business, chairman Prem Watsa told financial analysts recently. Toronto-based

News Earnings / RatingsReinsurance

Retroactive reinsurance contracts, Ogden rate reduction produce underwriting losses for Berkshire Hathaway

August 8, 2017 by Canadian Underwriter

Boston-based Berkshire Hathaway Specialty insurance, which announced its entry in 2015 into the Canadian market, had a 23% increase in premiums written for the first half of 2017 versus 2016, while the Berkshire Hathaway Reinsurance Group had liabilities for losses

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Gross written premiums up 9.7% for Northbridge

August 8, 2017 by Canadian Underwriter

Northbridge Insurance had a 0.3-point in its second-quarter combined ratio, from 100% last year to 99.7% this year, while OdysseyRe’s combined ratio improved 3.9 points, the insurers’ parent firm, Fairfax Financial Holdings Ltd., reported recently. Toronto-based Northbridge Insurance had an

News Earnings / RatingsInsuranceMarkets / Coverages

Kingsway reports net loss of US$7.9 million in Q2 2017

August 8, 2017 by Canadian Underwriter

Toronto-based Kingsway Financial Services Inc. has reported a net loss attributable to common shareholders of US$7.9 million in the second quarter of 2017 compared to a net loss attributable to common shareholders of US$0.6 million in the same quarter last

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Aon plc net income up to US$769 million in Q2 2017 from US$300 million in Q2 2016

August 8, 2017 by Canadian Underwriter

Aon plc has reported a net income attributable to shareholders of US$769 million for the three months ending June 30, a drastic increase from US$300 million in the prior-year period. Total revenue increased 4% to US$2.4 billion from US$2.3 billion

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Economical reports 12.8% increase in gross written premiums in Q2 2017, 8.3 point increase in combined ratio to 112.8%

August 4, 2017 by Canadian Underwriter

Economical Insurance reported a 12.8% increase in gross written premiums (GWP) in the second quarter of 2017 to $660.6 million, driven by strong personal lines growth, including contributions from Sonnet and Petline. “While we generated significant growth in gross written