Keyword
DBRS Morningstar
How wildfires are affecting some of Canada’s largest P&C insurers
August 22, 2023 by Alyssa DiSabatinoDespite facing a heavy loss year and an unusually active wildfire season, four of Canada’s publicly traded P&C companies — Intact Financial Corporation, Fairfax Financial Holdings, Definity Financial Corporation and Trisura Group Ltd. — reported positive underwriting profits thus far,…
Why there’s growth opportunity in cyber if insurers play their cards right
June 2, 2023 by Alyssa DiSabatinoAs incidents of cyberattacks become more prevalent globally, the demand for cyber insurance continues to grow rapidly — much faster than most other lines. For insurers, this provides an opportunity to meet growing consumer demand by increasingly offering cyber…
How four P&C insurers closed out 2022
March 8, 2023 by Alyssa DiSabatinoFour of Canada’s publicly-traded insurance companies — Intact Financial Corporation, Definity Financial Corporation, Fairfax Financial Holdings Limited, and Trisura Group — reported strong underwriting performance and “very good” combined ratios for the final quarter of 2022, DBRS Morningstar says in…
Why P&C industry profitability is trending toward positive
January 23, 2023 by Jason ContantCanada’s property and casualty insurers should see increased overall profitability and premium rate increases as the industry’s 2023 outlook trends to positive, ratings firm DBRS Morningstar said in a new report. “The credit rating trend for the majority of DBRS…
How insurers narrowly avoided ‘catastrophic’ business interruption claims
December 6, 2022 by Alyssa DiSabatinoBusiness interruption (BI) and related losses from the coronavirus pandemic could have been ‘catastrophic’ for insurers had policy wordings not been precise enough to prevent massive payouts following court challenges, credit rating agency DBRS Morningstar says in a new commentary. …
More people are flying – is that good for travel insurance profits?
July 13, 2022 by Alyssa DiSabatinoBusiness and leisure travel is on a post-pandemic rise, but major flight delays and cancellations will have impacts on travel insurers’ credit profiles, said a commentary from credit-rating agency DBRS Morningstar. Even though airplane travel remains below 2019 levels, staff…
Canada’s warming may hurt access to insurance: DBRS
September 24, 2021 James Langton - Investment ExecutiveAn increase in extreme weather events may threaten the availability of property insurance in Canada, warns DBRS Morningstar in a new report. The rating agency said that Canadian property and casualty (P&C) insurers have, so far, proven resilient in the…
How reinsurance prices could come down
June 29, 2021 by Greg MeckbachRecord-low interest rates are making insurance-linked securities attractive to some investors, and this could be good news for primary insurers. ILS includes but is not limited to catastrophe bonds, said Marcos Alvarez, Toronto-based senior vice president and head of insurance…