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hailstorm

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Aviva Canada and Hail Storm Products partner up for discount on auto hail protector system

May 2, 2017 by Canadian Underwriter

Aviva Canada and Hail Storm Products have teamed up, with the insurance company announcing on Tuesday that customers can now take advantage of an exclusive 20% discount on the Hail Protector Automobile Hail Protection System. “As the world’s only patented

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Aspen Insurance reports a combined ratio of 93.8% for the third quarter of 2016

October 27, 2016 by Canadian Underwriter

Hamilton, Bermuda-based Aspen Insurance Holdings Limited has reported a combined ratio of 93.8% for the third quarter of 2016, up slightly from 93.4% in the third quarter of 2015. Aspen Insurance released its financial results on Wednesday, reporting a net

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Cat bond issuance so far in 2016 down 15% compared to same period in 2015, Fort Mac reviving talk about unmodelled risks: PCS

October 5, 2016 by Canadian Underwriter

Year-to-date Cat bond issuance was down more than 15% compared to the prior-year period as a result of a usually light third quarter and a less usual quiet second quarter, notes a new report from Property Claim Services (PCS). The

News AssociationsCatastrophesInsuranceMergers and Aqcuisitions

Insured losses from Colorado Springs “hail bomb” storm estimated at US$352.8 million

August 23, 2016 by Canadian Underwriter

A late July hailstorm that pelted the Colorado Springs area with golf- and tennis ball-sized hail cost an estimated US$352.8 million in insured losses, according to the non-profit Rocky Mountain Insurance Information Association (RMIIA), an organization affiliated with the Insurance

News CatastrophesInsuranceMergers and Aqcuisitions

Car dealers putting up tents to protect lots in Alberta’s ‘Hailstorm Alley’

July 18, 2016 Bill Graveland -THE CANADIAN PRESS

CALGARY – “Hailstorm Alley” can be a very unforgiving place. The area – which runs from High River, just south of Calgary and north to central Alberta – hosts more than 40 hail storms every summer causing hundreds of millions

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

XL Group’s preliminary loss estimate for nat-Cats in 2016 Q2 US$240 million, Fort Mac wildfires largest loss

July 14, 2016 by Canadian Underwriter

XL Group plc’s preliminary net loss estimate relating to natural catastrophes – including the largest single loss from the Alberta wildfires – is US$240 million for the second quarter of 2016, the company announced Wednesday. This estimate – pretax and

News CatastrophesInsuranceMergers and Aqcuisitions

Wind, hail storms in Texas contribute to $318m in Q1 catastrophe losses for Travelers

April 26, 2016 by Canadian Underwriter

The Travelers Companies Inc. reported catastrophe losses of $318 million during the three months ending March 31, up 96% from $162 million during the same period in 2015, while Q1 earned premiums in personal insurance rose 6.2% year-over year. All