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Canadian Property/Casualty and Life Remain Stable as Economy Rebounds While Housing Market Bears Watching
‘Persistent low interest rate environment’ among factors affecting Canadian P&C financial performance in 2016: A.M. Best
September 6, 2017 Greg Meckbach, Associate EditorAs the Bank of Canada announced Wednesday its second rate hike in less than two months, an analyst with A.M. Best Company Inc. suggested to industry professionals that a 2.1-point increase in the industry-wide operating ratio in the Canadian property…
Auto personal accident loss ratio up for fourth year in a row in Canada: A.M. Best
September 5, 2017 by Canadian UnderwriterThe auto personal accident loss ratio in Canada “remains a concern,” with Canadian auto insurers being affected by distracted driving and rising repair costs, A.M. Best Company Inc. suggested in a recent report. In 2016, ratings firm A.M. Best said…
Small Canadian mutual insurers ‘may not realize’ all benefits of demutualization: A.M. Best
September 1, 2017 by Canadian UnderwriterWhile Economical Insurance plans to submit next year a conversion proposal outlining a proposal to demutualize, if a smaller mutual property and casualty insurer were to go through the same process as Economical, it “may not realize the benefits when…
A.M. Best reports spike in Canadian investment in U.S. insurance market
September 1, 2017 by Canadian UnderwriterThere is a “growing interest” among Canadian property and casualty insurers in the United States market, while on this side of the border, Aviva plc has became the Number 2 P&C insurer in Canada and the loss ratio in Canadian…