Canadian Underwriter


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Five Canadian cats in first half of 2017 led to $438 million in insured losses: Property Claim Services

August 9, 2017 Jason Contant, Online Editor

Five catastrophe events in Canada led to $438 million in insured losses in the first half of this year, according to the PCS H1 2017 Catastrophe Review, released on Wednesday. “Unsurprisingly, insured losses from PCS-designated events in Canada fell dramatically

News CatastrophesClimate ChangeEarnings / RatingsMergers and Aqcuisitions

Nat-cats contribute to decrease in net income at SCOR for first three quarters of 2016 compared to prior-year period

October 27, 2016 by Canadian Underwriter

The Group net income for SCOR for the first nine months of 2016 took a hit, partly as a result of the impact of natural catastrophes, falling 11.0% to 438 million euros compared to 492 million euros for the first

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Direct economic impact of Fort McMurray wildfire expected to reach US$5 billion: Impact Forecasting

July 20, 2016 by Canadian Underwriter

The overall direct economic impact of the Fort McMurray wildfire is expected to approach US$5 billion once all attributable losses are realized, according to Impact Forecasting, Aon Benfield’s catastrophe model development centre of excellence. “The first half of 2016 ended

News CatastrophesInsuranceMergers and Aqcuisitions

Total worldwide economic losses for first half of 2016 at US$70 billion, up US$11 billion from 2015 half-year totals: Munich Re

July 12, 2016 by Canadian Underwriter

Total worldwide economic losses for the first half of 2016 were US$70 billion, of which US$27 billion were insured, significantly higher than the first year losses of US$59 billion in 2015, of which US$19 billion were insured, Munich Re said

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Premiums earned up 4%, catastrophe losses up 181% at Allstate

May 9, 2016 by Canadian Underwriter

First-quarter underwriting income dropped about 73% year-over-year for The Allstate Corp. in the wake of two large hailstorms in late March in the southern United States. The Northbrook, Ill.-based insurer reported May 4 that catastrophe losses were $827 million during