Canadian Underwriter

Keyword
hard market

Feature

Where to find growth

May 2, 2020 Greg Meckbach, Associate Editor

Dave Partington, appointed in December as CEO of Gallagher Global Brokerage — Canada, explains how firming market conditions bring new opportunities for commercial brokers.

Feature Earnings / RatingsInsurance

When is hard actually hard?

March 30, 2020 By Sarah Cunningham-Scharf

Canadian brokers assess the current market in commercial lines, noting the contrast with what’s happening in personal lines

News Insurance

Why more insurance reciprocals could form in Canada

March 5, 2020 by Greg Meckbach

Don’t be surprised if more reciprocals and self-insured pools emerge, a past president of the RIMS Canada Council suggests. “In some cases, pools and reciprocals will become popular if this market stays hard,” said Tina Gardiner, a Canadian member of

Feature

Which business line has taken the biggest hit?

February 25, 2020 Greg Meckbach, Associate Editor

How would you characterize the hardening commercial market right now? We put the question to Scott Treasure, CEO of Edmonton-based Treasures Insurance and Risk Management Inc., a founding partner of the Excel Insurance Group. – As told to Greg Meckbach

News ClaimsCommercial LinesInsurance

Cyber insurance: another victim of the hard market?

February 20, 2020 by Jason Contant

Rates for excess cyber insurance in Canada are on the rise. “In Canada, I would say what we are seeing is excess cyber insurers increasing rates,” Brian Rosenbaum, national director of the legal and research practice at Aon Risk Solutions,

News InsuranceLegislation / RegulationRisk

This commercial line’s hard market has reached ‘crisis’ point

January 29, 2020 by Greg Meckbach

The difficulties some condominium corporations are having in finding insurance has reached a “crisis” Canada-wide, a lawyer told a committee of Ontario legislators looking at proposed changes to the province’s condominium law. “We’re facing a condominium insurance crisis across the

News InsuranceMarkets / Coverages

Are your commercial clients budgeting for a hard market?

January 24, 2020 by Greg Meckbach

As commercial insurance prices increase, you could have customers who literally have not factored new rates into their budgets. “We have an understanding, clearly, that there are risk managers and [chief financial officers] of companies that maybe didn’t budget for

News Earnings / RatingsInsurance

How much have personal auto and property premiums increased in one year?

January 22, 2020 by Jason Contant

Both personal auto and personal property premiums in Canada increased double digits compared to the same quarter last year, pointing to a continued hardening in the market, according to Applied System’s latest premium rating index. Personal auto premiums in 2019

News InsuranceMarkets / Coverages

Why this P&C consultant is not convinced we’re in a hard market

January 21, 2020 by Jason Contant

Hard markets and “difficult” markets are two different things, and one property and casualty insurance industry consultant is not convinced we’re in a hard market. “Almost universally, people are talking about us being at the beginning of a hard market

Feature Earnings / Ratings

Market outlook

December 6, 2019 David Gambrill, Editor in Chief

Canadian Underwriter fearlessly predicts the end of the hard market

News Insurance

What brokers and carriers want of each other in the hard market

December 3, 2019 by Jason Contant

It would appear that brokers and carriers want each other to “take on a little bit more,” in this hardening market, attendees to Insurance Bureau of Canada’s first-ever Commercial Insurance Symposium heard last week. Carriers want assistance in general underwriting,

News Brokers

Industry execs see no immediate end to the hard market

November 26, 2019 by Greg Meckbach

Don’t expect the pressure on prices to ease any time soon, brokers learned Monday at the Top Broker Summit in Toronto. “Unfortunately for customers I think it’s got a long run,” Carol Jardine, president of Canadian property and casualty Operations