Keyword
A.M. Best
A.M. Best releases methodology publication on insurance-linked securities
August 18, 2016 by Canadian UnderwriterOldwick, N.J.-based ratings firm A.M. Best Company has announced the publication of its new Best’s Insurance-Linked Securities & Structures Methodology (BILSM). The publication follows a public comment period that began on May 16 and closed on June 16, A.M. Best…
Spread of Zika virus brings new risks to U.S. carriers, insureds
August 15, 2016 by Canadian UnderwriterHealth insurers in the United States are advised to be vigilant in developing pandemic preparedness plans to respond to the new health risks associated with the Zika virus, notes a special report issued Friday by A.M. Best. With arrival of…
U.S. p&c industry sees favourable rating activity in 2016 H1: A.M. Best
August 12, 2016 by Canadian UnderwriterProperty and casualty insurers in the United States have witnessed favourable rating activity in the first half of 2016 compared to a negative prior-year trend, notes a new special report from A.M. Best. Reversing what was seen in 2015 H1,…
Persisting low interest rates, regulatory cost concerns expected to result in lower returns: U.S. insurers
July 15, 2016 by Canadian UnderwriterAbout three-quarters of polled insurers south of the border “have lowered their target return-on-equity expectations to 10% or lower,” notes a new special report released Thursday by A.M. Best. The lowered expectations are “a reflection of highly competitive market conditions…
Higher catastrophe losses, lower investment income fuel reduced growth in underwriting gain for U.S. p&c insurance
July 11, 2016 by Canadian UnderwriterThe 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…
U.S. forum urges need for disaster-exposed communities to be more resilient: A.M. Best
June 27, 2016 by Canadian UnderwriterIndustry players focused on resilience experts are facing a big, but unfortunately familiar, challenge: making people aware of the critical need to ensure they are prepared for natural disasters in the event they occur. That is, at least in part,…
Flood losses expected to dampen French, German insurers’ first-half earnings: A.M. Best
June 21, 2016 by Canadian UnderwriterFlood losses in the wake of storms Elvira and Friederike in late May and early June are not expected to result in ratings actions, but it is anticipated they will hit first-half results for French and German insurers, notes a…
Fort McMurray wildfire could hurt 2016 Q2 results for some Canadian p&c insurers, companies offering help
May 9, 2016 by Angela StelmakowichCredit rating agency Moody’s does not anticipate the massive wildfire in and around Fort McMurray will be a credit event for Canada’s property and casualty industry, but is likely to have an impact on 2016 Q2 results for property insurers.…
Third Texas hail storm in less than a month could push state’s year-to-date damage beyond nine-year average for U.S.: A.M. Best
April 25, 2016 by Canadian UnderwriterTexas’s third major hail storm in less than a month on Apr. 11 could push the state’s damage so far this year to beyond the nine-year average of US$1.2 billion for the whole of the United States, notes a report…
White Mountains completes $2.6B sale of Sirius International Insurance
April 19, 2016 by Canadian UnderwriterThe US$2.6-billion sale of Sirius International Insurance Group Ltd., which has a Toronto office, is now complete, White Mountains Insurance Group Ltd. announced Monday. Sirius International is now owned by Singapore-based CM International Holding Pte. Ltd., which is the investment…