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Revenues for Marsh’s U.S./Canada division up to US$775 million in Q1 2017, from US$701 million in Q1 2016

May 1, 2017 by Canadian Underwriter

Marsh has reported revenues of US$775 million for its U.S./Canada division for the first quarter of 2017 ending March 31, up from US$701 million in the first quarter of 2016. Consolidated revenue for the quarter was US$3.5 billion, up 5%

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Larger liability claims expected to become more expensive, complex: AGCS

March 30, 2017 by Canadian Underwriter

There is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,

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Crawford & Company reports net income of US$10.9 million in Q3 2016 compared to net loss of US$0.9 million in Q3 2015

November 7, 2016 by Canadian Underwriter

Independent claims provider Crawford & Company announced on Monday net income attributable to shareholders of US$10.9 million in the third quarter of 2016 ending Sept. 30 compared to a net loss of US$0.9 million in the same period last year.

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

CNA Financial posts net income of US$343 million in 2016 Q3

November 1, 2016 by Canadian Underwriter

CNA Financial Corporation saw net income jump US$165 million to US$343 million in 2016 Q3 over the prior-year quarter, driven by the performance of its Property & Casualty Operations, higher net investment income and stable catastrophe losses. Net income for

News Earnings / RatingsInsuranceMergers and Aqcuisitions

P&C combined ratio improves one point to 97.4% for CNA Financial, net income at US$209 million for Q2 2016

August 2, 2016 by Canadian Underwriter

CNA Financial Corporation has announced a one point improvement in its P&C combined ratio for the second quarter of 2016 ending June 30, from 98.4% last year to 97.4% in the most recent quarter. For the first six months of

News Catastrophes

Dams collapse from floods in Yemen, at least 16 dead

April 15, 2016 Ahmed Al-Haj - THE ASSOCIATED PRESS

SANAA, Yemen — Heavy rainfall in several parts of Yemen has caused widespread flooding that killed at least 16 people and caused the collapse of small dams, including two in Hajja and Omran provinces north of the capital, Sanaa, security officials

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Companies lack adequate data privacy, consent tools for evolving regulations and dynamic digital economy: global survey

March 21, 2016 by Canadian Underwriter

Almost all IT professionals taking part in a recent global survey agreed customer data privacy concerns are a critical issue at the C-level, but fewer than one in 10 of respondents believe that current privacy and consent methods are adequate.

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Joint effort seeks to help reduce anchor losses, related damage

March 18, 2016 by Canadian Underwriter

A new investigation suggests many anchor losses are avoidable and shed light on a potentially bigger issue: the need for crews to be aware of the environmental loads for which equipment is designed. A rising number of anchor losses reported

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Global insurer M&A transaction values reach US$195 billion in 2015

March 18, 2016 by Canadian Underwriter

The aggregate value of global insurance transactions in the property-casualty, life and health sectors last year was four times higher than in 2014, reaching US$195 billion, notes a study released this week by Conning, Inc. “M&A activity in 2015 was

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Rising demand for cyber insurance creates opportunity for insurers worldwide: IDC Financial Insights

March 17, 2016 by Canadian Underwriter

Tremendous opportunities exist for insurers around the world to capitalize on the largely untapped cyber insurance market, a move that could help them balance their risk portfolios and maintain a positive outlook, suggests a report released this week by IDC

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Financial services concerned standalone FinTechs a risk to their business, not capitalizing on blockchain: PwC

March 16, 2016 by Canadian Underwriter

More than eight of 10 surveyed financial services firms, including banking and insurance, report believing part of their business is at risk of being lost to standalone FinTech companies, suggests a report released Tuesday by PricewaterhouseCoopers (PwC). Based on a

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Risk managers must address cyber security as an enterprise risk: FERMA

March 15, 2016 by Canadian Underwriter

Businesses have difficulties with reaching a basic level of protection around cyber security, often as a result of a lack of risk insights and data driven risk mitigation and risk management must play a central role, the Federation of European