Canadian Underwriter

2016 Interim Results

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Lloyd’s reports 1.46 billion pound profit for first half of 2016, combined ratio up 8.5 points to 98%

September 22, 2016 by Canadian Underwriter

Despite seeing a “major claims increase due primarily to the Fort McMurray fires in Alberta, Canada” and a challenging market environment, Lloyd’s of London has reported a profit of 1.46 billion pounds – or nearly $2.5 billion – for the

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Global banking, financial services and insurance security market to grow to US$48.95 billion by 2021: report

September 9, 2016 by Canadian Underwriter

The global banking, financial services and insurance (BFSI) security market is estimated to grow to nearly US$50 billion by 2021, driven by regulatory, security and cyber factors. Market research firm MarketsandMarkets said in a report released Thursday that the BFSI

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Fed minutes: Conditions could ‘soon warrant’ a rate hike

August 17, 2016 Martin Crutsinger - THE ASSOCIATED PRESS

WASHINGTON – Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted. But they did not indicate when they would likely raise rates. The minutes

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Combined ratio for Aviva plc for Canada up 3.9 points to 95.8% in first half of 2016

August 8, 2016 by Canadian Underwriter

Aviva plc has reported a general insurance combined ratio of 95.8% for Canada for the first six months of 2016, up 3.9 points from the H1 2015 combined ratio of 95.8%. In particular, the combined operating ratio for the first

News Earnings / RatingsInsuranceMergers and Aqcuisitions

RSA Group reports $75 million net claims cost for Fort McMurray wildfire in 2016 interim results

August 6, 2016 by Canadian Underwriter

RSA Insurance Group plc has reported a net claims cost of 39 million pounds – or $75 million – for the recent Fort McMurray wildfire and 35 million pounds for the United Kingdom and European floods in June in its