Canadian Underwriter

Keyword
environmental liability

News ClaimsInsurance

How environmental liability ruling could affect other insurance lines

March 27, 2019 by Greg Meckbach

Environmental liability is not the only line of insurance that could be impacted by the recent Supreme Court of Canada ruling on a trustee in bankruptcy’s obligation do deal with inactive energy assets such as oil wells. In Orphan Well

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Fairfax ‘not oriented’ towards more acquisitions: Watsa

August 10, 2017 by Canadian Underwriter

Officials with Fairfax Financial Holdings Ltd., which recently bought a majority interest in Allied World Assurance Company Holdings AG, “want to look at how” they can “organically expand” the firm’s existing business, chairman Prem Watsa told financial analysts recently. Toronto-based

News InsuranceMergers and AqcuisitionsReinsurance

Fairfax completes acquisition of Allied World

July 6, 2017 by Canadian Underwriter

Toronto-based Fairfax Financial Holdings Ltd. has completed its acquisition of Allied World Assurance Company Holdings AG, the firms announced Thursday. The deal was valued at nearly $5 billion when it was announced Dec. 18, 2016. All figures are in U.S.

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio 100% in Q1 for Markel

May 2, 2017 by Canadian Underwriter

Commercial insurance writer Markel Corp. reported a combined ratio of 100% in the three months ending March 31, a 12-point deterioration from its combined ratio of 88% during the first quarter of last year. Glen Allen, Virginia-based Markel released April

News InsuranceMergers and AqcuisitionsProfessional DevelopmentReinsurance

Benefits of merging Fairfax and Allied World ‘far outweigh’ overlap in reinsurance: Fairfax Insurance COO

December 19, 2016 by Canadian Underwriter

The merger agreement announced Sunday by Toronto-based Fairfax Financial Holdings Ltd. and Allied World Assurance Company Holdings AG will give Fairfax a “rather different profile” of insurance business than it currently owns, but it is not clear what percentage of