Canadian Underwriter

Keyword
hard market

News Commercial LinesInsuranceRisk

Why certain commercial sub-segments are facing pricing, capacity crunch

April 12, 2021 by Greg Meckbach

Today’s hard market is different not only because of COVID-19 but also because insurers are more granular in their approach towards specific segments within the commercial market, experts suggested Monday during a Canadian Underwriter webinar. “In some industries [i.e. commercial

News Insurance

Canada’s hardest-hit commercial lines — and a reason for optimism

February 18, 2021 by David Gambrill

Commercial lines market hardening in Canada — and globally — should continue through the early half of 2021, with some possible easing of rate increases during the second half of the year once vaccine rollout is widespread, an Aon report

News ClaimsEarnings / RatingsInsurance

What the recovery from commercial hard market could look like

January 26, 2021 by Greg Meckbach

Brokers could see a “K-shaped” recovery from the hard market in commercial lines because some sectors have been hit harder by the COVID-19 pandemic than others, panelists observed in a webinar hosted Jan. 25 by Canadian Underwriter. Some commercial lines

News Insurance

Why smaller organizations are interested in creating captives

November 16, 2020 by Adam Malik

Interest in captives naturally increases as a hard market intensifies, but now even mid-market or smaller organizations are considering captives as an alternate way to transfer risk, panellists of a Canadian Underwriter webinar observed Monday. “Traditionally, when you think of

News Insurance

Demystifying cyber’s first hard market

November 12, 2020 by David Gambrill

Cyber insurance is a relatively new line of business in Canada and so it hasn’t seen any hard markets historically — until now, that is. And it seems that insurers have ransomware to thank for that. “I think it is

News Insurance

How long will it take to get out of this hard market?

September 28, 2020 by Adam Malik

After setting aside as to whether or not we’re in a hard market, industry consultant Phil Cook said he expects the hard market to last into 2022. Cook, who is also chairman of Omega Insurance Holdings, typically gives his Industry

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 ClaimsClaims Canada

Staging an Intervention

April 21, 2020 David Gambrill

As difficult as this may be for brokers to hear, market swings in the competitive environment of the P&C insurance industry are inevitable. During soft markets, when capacity is plentiful, companies will use that capacity to lower premium rates to

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,