Keyword
commercial property
Ontario-based MGAs Excess Underwriting and Towerhill Insurance Underwriters merge
November 3, 2016 by Canadian UnderwriterExcess Underwriting and Towerhill Insurance Underwriters Inc., both coverholders at Lloyd’s, announced on Thursday that they have merged effective Nov. 1. The companies will serve their broker partners as Excess Underwriting operated by Towerhill Insurance Underwriters Inc., said a joint…
Hurricane Matthew unlikely to have material impact on insurance market: Willis Towers Watson
October 7, 2016 by Canadian UnderwriterWith Hurricane Matthew weakening and being downgraded, it is less likely it will reach the US$30 billion initial loss estimates offered by catastrophe modelling firms, said Gary Marchitello, head of property broking with Willis Towers Watson (WTW). “The US$30 billion…
SGI Canada reports underwriting income of $42 million for 15 months ending March 31
July 19, 2016 by Canadian UnderwriterSaskatchewan Government Insurance announced Monday that the province’s Auto Fund had an underwriting loss of $11.1 million for the 15 months ending March 31, 2016, while SGI Canada, the competitive arm of SGI, had underwriting income of $42 million during…
Latest estimate of insured losses from Eva-Frank flooding £538 million: PERILS AG
June 27, 2016 by Canadian UnderwriterPERILS AG Friday issued an estimate of £538 million for insured property market loss from flooding damage in the United Kingdom as a result of storms in late December and early January. Storms Eva and Frank hit the U.K. in…
U.S. commercial insurance prices rose less than 1% in first quarter: Willis Towers Watson
June 13, 2016 by Canadian UnderwriterCommercial insurance prices in the United States increased modestly in aggregate – less than 1% – during the first quarter of 2016, continuing a three-year trend of smaller increases, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) by…
2015 U.K. storm Desmond loss estimate at 597 million pounds: PERILS
June 3, 2016 by Canadian UnderwriterPERILS AG has revised its loss estimate for the United Kingdom storm Desmond, down again from the previous loss estimate of 662 million pounds to the most current estimate of 597 million pounds. The third loss estimate for the floods…
Commercial prices in aggregate for Canadian insurers up 3.8% in general products and liability lines during Q4 2015 vs. Q4 2014: pricing survey
April 25, 2016 by Canadian UnderwriterCommercial insurance prices in aggregate for Canadian insurers increased 3.8% in the general products and liability line during the fourth quarter of 2015 compared to those charged for the same coverage during Q4 2014, according to the latest Willis Towers…