Keyword
commercial specialty
Why strong housing markets have builders tweaking their insurance
September 14, 2023 Philip PoradoBooming real estate markets in many Canadian cities have top-tier developers considering building sites they might previously have written off. “Here in Toronto, we know the city was heavily industrialized with old manufacturers that were there 100 years before going…
Don’t believe the hype: Why the hard market is softening
July 11, 2023 by David GambrillCanada’s P&C insurance industry is showing signs of market softening despite the many reasons for a hard market to persist, according to a June 2023 Marketplace Insights report from Lloyd Sadd, a Navacord brokerage. The report cites many reasons industry…
Looking for a quick D&O rebound after COVID? Don’t hold your breath….
July 9, 2021 by David GambrillBrokers looking to see directors’ and officers’ (D&O) insurance pricing and capacity rebound quickly after the pandemic had better not hold their breath — especially with the Canadian government now starting to pull the plug on certain COVID relief measures…
‘All regulatory approvals’ received for Fairfax-Allied World merger but deal still not complete
June 29, 2017 by Canadian UnderwriterToronto’s Fairfax Financial Holdings Ltd. announced Thursday it now has “all regulatory approvals that are necessary” for it to merge with Swiss insurer and reinsurer Allied World Assurance Company Holdings AG but suggested fewer than 90% of Allied World shareholders…
Combined ratio down 4 points at Axis Capital
October 27, 2016 by Canadian UnderwriterAxis Capital Holdings Ltd. released Wednesday its financial results for the period ending Sept. 30, reporting a 2% overall increase in Q3 net premiums earned while underwriting income was up 46%. Pembroke, Bermuda-based Axis Capital reported net premiums earned of…
Combined ratio up 18 points for PartnerRe
August 3, 2016 by Canadian UnderwriterPartnerRe Ltd. has reported an 18-point deterioration in its combined ratio for the three months ending June 30, with the wildfire in Alberta contributing 7.5 points, or $73 million, to its loss expenses for the second quarter of this year.…
Q2 combined ratio up 5.3 points at Axis Capital
July 27, 2016 by Canadian UnderwriterReinsurance provider and commercial specialty carrier Axis Capital Holdings Ltd. reported Tuesday its financial results for the second quarter, reporting a 76% increase in net income but a combined ratio of 102.2%, after large losses including the Alberta wildfires and…
Intact Insurance creates national team to grow commercial specialty solutions
May 30, 2016 by Canadian UnderwriterIntact Insurance announced on Monday that it has created a new national team dedicated to growing its commercial lines specialty solutions business, which will “accelerate its plans to become the Canadian leader in specialty lines and surety.” To support this…
Gross written premiums up 16% at Axis Capital
April 27, 2016 by Canadian UnderwriterAxis Capital Holdings Ltd. reported Wednesday a 91% year-over-year increase in first-quarter gross written premiums in aviation insurance and a 19.7% drop in marine premiums, while its combined ratio improved 1.8 points. Pembroke, Bermuda-based Axis Capital released its financial results…