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GCube predicts “further growth” in wind energy sector

October 12, 2016 by Canadian Underwriter

Lloyd’s coverholder GCube Insurance Services Inc. announced Wednesday it now provides coverage for more than 4 Gigawatts of Canadian wind energy assets. The company stated in a press release it is “confident” that it will “continue to see further growth

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Lloyd’s reports 1.46 billion pound profit for first half of 2016, combined ratio up 8.5 points to 98%

September 22, 2016 by Canadian Underwriter

Despite seeing a “major claims increase due primarily to the Fort McMurray fires in Alberta, Canada” and a challenging market environment, Lloyd’s of London has reported a profit of 1.46 billion pounds – or nearly $2.5 billion – for the

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Only about 4% of Lloyd’s total business considered at risk from Brexit: Aon Benfield

August 18, 2016 by Canadian Underwriter

Only about 4% of Lloyd’s total business is considered to be at risk from the potential loss of membership of the single European market, following the United Kingdom’s decision to leave the European Union (EU) in June, according to Aon

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Double Duty

August 1, 2016 Hollis Bromley, Partner, Alexander Holburn Beaudin + Lang LLP

A recent ruling out of British Columbia reviewed the duty to defend in the context of forced labour and slavery allegations. The case addresses a number of weighty coverage considerations, including the “mere possibility” test and derivative pleadings.

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London insurance market “well-positioned” to respond to Brexit, but decision could be “moderately credit negative”

June 24, 2016 by Canadian Underwriter

The London insurance market is resilient and well-positioned to respond to the United Kingdom’s decision to leave the European Union (EU), the International Underwriting Association of London (IUA) said on Friday. In a referendum held on Thursday, about 52% voted

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Beazley, Munich Re cover cyber risk up to $100 million

April 12, 2016 by Canadian Underwriter

Beazley plc announced Monday it has partnered with Munich Re’s corporate insurance partner to offer tailored cyber insurance. The products will provide coverage of up to US$100 million or 100 million euros, stated Beazley, which manages six syndicates in the

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You’re Invited to Lloyd’s MGA Roadshow, Wednesday April 20th, Kitchener, Ontario

April 4, 2016 Lloyd's Canada

Lloyd’s Canada is delighted to invite you to attend a RIBO accredited lunchtime seminar: Wednesday April 20th, Kitchener, Ontario, 11:30-14:00 This free seminar hosted by Lloyd’s Canada will feature six underwriting experts: ABEX to present misunderstood property risks Creechurch Underwriters

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Combined ratio for Lloyd’s at 90% for 2015, up from 88.4% in 2014

March 24, 2016 by Canadian Underwriter

Lloyd’s of London, the world’s specialist market for insurance and reinsurance, announced on Wednesday a combined ratio of 90% for 2015, up from 88.4% in 2014. Lloyd’s also reported a pre-tax profit of 2.1 billion pounds for 2015, down from