Canadian Underwriter

Keyword
direct premiums written


News Earnings / RatingsInsurance

Canadian p&c insurance industry sees solid premiums, but net income down in 2016: MSA Research

March 22, 2017 by Canadian Underwriter

The Canadian property and casualty insurance industry saw solid results for both direct premiums written (DPW) and net premiums written (NPW) in 2016, but that was countered by big decreases in both net income and underwriting income, note new figures

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Desjardins General Insurance Group reports combined ratio of 62.1% for the fourth quarter of 2016, down 25.9 points from Q4 2015

February 28, 2017 by Canadian Underwriter

Desjardins General Insurance Group (DGIG), a Desjardins Group subsidiary specializing in property and casualty insurance, has announced a combined ratio excluding market yield adjustment (MYA) of 62.1% for the fourth quarter of 2016, down 25.9 percentage points from 88% in

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Net income for U.S. P&C industry for first nine months of 2016 down 26.8% compared to 9M 2015: A.M. Best

November 28, 2016 by Canadian Underwriter

The property and casualty industry in the United States reported a US$2.3 billion net underwriting loss in the first nine months of 2016 and a 26.8% decline in net income compared with the same period in 2015, according to preliminary

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Real growth of direct premiums written in non-life insurance forecast at 1.7% for Canada in 2017 and 2.6% in 2018: Swiss Re

November 22, 2016 by Canadian Underwriter

Real growth of direct premiums written in non-life insurance in Canada is expected to be 0.8% this year, but up to 1.7% in 2017 and 2.6% in 2018, according to Swiss Re’s Global insurance review and outlook for 2017/18. The

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Desjardins General Insurance Group reports net income of $12.1 million for Q3 2016 compared to net loss of $32 million in Q3 2015

November 14, 2016 by Canadian Underwriter

Lévis, Que.-based Desjardins General Insurance Group (DGIG) – a Desjardins Group subsidiary specializing in property and casualty insurance – has reported a net income of $12.1 million in the third quarter of 2016 ending Sept. 30, compared to a net

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Personal auto premiums for Q3 up 5% for Intact, personal property premiums up by 8%

November 2, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) has reported that personal auto premiums for the third quarter of 2016 ending Sept. 30 grew by 5%, while personal property premiums grew by 8% from the prior-year quarter. IFC said in its financial results released

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S. excess and surplus underwriters likely to outperform P&C industry: Fitch

September 26, 2016 by Canadian Underwriter

Excess and surplus (E&S) underwriters in the United States will likely outperform standard market underwriters in 2017 even if underwriting profitability weakens next year, according to Fitch Ratings’ latest U.S. Excess and Surplus Lines Market Review report. E&S underwriters outperformed

News Earnings / RatingsInsuranceMergers and Aqcuisitions

U.S. P&C insurance industry posts underwriting loss of US$2.3 billion in first half of 2016: A.M. Best

September 16, 2016 by Canadian Underwriter

The property and casualty insurance industry in the United States posted an underwriting loss of approximately US$2.3 billion and a 3.5% decline year-over-year in net investment income through the first six months of 2016, said a new A.M. Best Company

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Desjardins’ combined ratio up 26.5 points in Q2 2016, Fort McMurray wildfire losses estimated at $30.2 million

August 15, 2016 by Canadian Underwriter

Levis, Que.-based Desjardins General Insurance Group (DGIG) released its second quarter financial results on Friday, reporting an estimated expense of $30.2 million after reinsurance and income taxes related to the Fort McMurray wildfire and a combined ratio of 99.1%. “The

News AssociationsInsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

Mutual insurers seeing revival in recent years: Swiss Re sigma report

August 2, 2016 by Canadian Underwriter

Mutual insurers’ share of the overall insurance market increased from 24% of direct premiums written in 2007 to just over 26% in 2014, reversing some of the declines of previous decades, according to Swiss Re’s latest sigma report. Released on

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Higher catastrophe losses, lower investment income fuel reduced growth in underwriting gain for U.S. p&c insurance

July 11, 2016 by Canadian Underwriter

The highest level of catastrophe losses in five years contributed to the U.S. property and casualty insurance industry witnessing deteriorated underwriting results in the first quarter of 2016 compared to the prior-year quarter, notes a special report issued Friday by

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Intact reports 0.9 percentage point drop in combined ratio in first quarter of 2016

May 4, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) has reported a 0.9 percentage point drop in its combined ratio for the first quarter of 2016 compared to the same quarter in 2015, led by property lines and improving personal auto results. Toronto-headquartered IFC, the