Canadian Underwriter

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Q4 combined ratio up 14.9 points at Aspen

February 9, 2017 by Canadian Underwriter

Wildfires in Tennessee, an earthquake in New Zealand, Hurricane Matthew and energy-related losses all contributed to a 20.2-point deterioration in the fourth-quarter loss ratio in reinsurance for Aspen Insurance Holdings Ltd., while in primary insurance, Aspen reported a combined ratio

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‘No progress’ since 2010 of mandating safety management systems to “broader range” of aviation, marine companies: TSB

November 1, 2016 by Canadian Underwriter

Some firms in Canada’s marine and aviation sectors are allowed to operate with no formal safety management processes, the Transportation Safety Board of Canada warned Monday. “Safety management systems have not yet been mandated in all sectors of the transportation

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Aspen Insurance reports a combined ratio of 93.8% for the third quarter of 2016

October 27, 2016 by Canadian Underwriter

Hamilton, Bermuda-based Aspen Insurance Holdings Limited has reported a combined ratio of 93.8% for the third quarter of 2016, up slightly from 93.4% in the third quarter of 2015. Aspen Insurance released its financial results on Wednesday, reporting a net

Feature Mergers and Aqcuisitions

Flight Path

September 3, 2016 Belinda Bryce, Partner and Executive Vice President, Aviation Division, The Magnes Group, Inc.

Airports bring with them some unique liability exposures. Although specialty insurance coverages offer solutions, navigating just how those solutions are structured is critically important to ensure potentially costly gaps are avoided.

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Transportation Safety Board warns against ‘single layer of defence’ in managing aviation risk

August 18, 2016 by Canadian Underwriter

Some aviation firms “are not effectively managing their safety risks,” the Transportation Safety Board of Canada warned Wednesday as it released a report into an incident near Montreal that injured a pilot and three passengers in a Beechcraft King Air

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Transportation Safety Board investigating 12 marine incidents in Canada, attributes some deaths to lack of risk assessments

August 11, 2016 by Canadian Underwriter

Three weeks after it expressed concerns about the “safety culture” in Canada’s fishing community, the Transportation Safety Board of Canada noted Thursday it is investigating 12 marine incidents. TSB reported on Twitter it was investigating the occurrences “from coast to

Feature Legislation / RegulationMergers and Aqcuisitions

Up in the Air

July 1, 2016 Lisha Li, Associate, Blake, Cassels & Graydon LLP

The December 31, 2015 deadline and the six-month extension for the federal government to provide war risk indemnity under the Aviation War Risk Liability Program, meant to provide war risk indemnity to the Canadian air industry, has
passed. All Canadian air carriers and aircraft operators need to obtain war risk coverage on the commercial insurance market if required under leases and/or financing documents.

News InsuranceMergers and AqcuisitionsProfessional Development

Ian Gallagher elected president of Ontario Insurance Adjusters Association

June 17, 2016 by Canadian Underwriter

Veteran aviation claims adjuster Ian Gallagher has been elected president of the Ontario Insurance Adjusters Association (OIAA), taking over from Catherine Groot. Gallagher works in St. Catharines as an executive adjuster for Vancouver-based Kernaghan Adjusters Ltd. In addition to aviation,