Canadian Underwriter

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Lack of safety management systems found in “numerous” marine, aviation accident investigations: TSB

July 24, 2017 by Canadian Underwriter

Fifteen years after four passengers drowned in an accident aboard an amphibious sightseeing vehicle across the Ottawa River from the nation’s capital, the Transportation Safety Board of Canada warned Thursday that there has “been only limited progress” on expanding the

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio 100% in Q1 for Markel

May 2, 2017 by Canadian Underwriter

Commercial insurance writer Markel Corp. reported a combined ratio of 100% in the three months ending March 31, a 12-point deterioration from its combined ratio of 88% during the first quarter of last year. Glen Allen, Virginia-based Markel released April

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Eagle Underwriting and RaetsMarine partner to provide marine offerings to Canadian market

March 17, 2017 by Canadian Underwriter

Canadian-based Eagle Underwriting Group Inc. and MS Amlin Marine NV, trading as RaetsMarine, are teaming up to offer protection and indemnity (P&I) and charterers’ liability insurance to the Canadian marine market. Managing general agent Eagle Underwriting will be offering P&I

News InsuranceMergers and AqcuisitionsReinsurance

Q4 combined ratio up 14.9 points at Aspen

February 9, 2017 by Canadian Underwriter

Wildfires in Tennessee, an earthquake in New Zealand, Hurricane Matthew and energy-related losses all contributed to a 20.2-point deterioration in the fourth-quarter loss ratio in reinsurance for Aspen Insurance Holdings Ltd., while in primary insurance, Aspen reported a combined ratio

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‘No progress’ since 2010 of mandating safety management systems to “broader range” of aviation, marine companies: TSB

November 1, 2016 by Canadian Underwriter

Some firms in Canada’s marine and aviation sectors are allowed to operate with no formal safety management processes, the Transportation Safety Board of Canada warned Monday. “Safety management systems have not yet been mandated in all sectors of the transportation

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Aspen Insurance reports a combined ratio of 93.8% for the third quarter of 2016

October 27, 2016 by Canadian Underwriter

Hamilton, Bermuda-based Aspen Insurance Holdings Limited has reported a combined ratio of 93.8% for the third quarter of 2016, up slightly from 93.4% in the third quarter of 2015. Aspen Insurance released its financial results on Wednesday, reporting a net

News InsuranceMergers and Aqcuisitions

Transportation Safety Board investigating 12 marine incidents in Canada, attributes some deaths to lack of risk assessments

August 11, 2016 by Canadian Underwriter

Three weeks after it expressed concerns about the “safety culture” in Canada’s fishing community, the Transportation Safety Board of Canada noted Thursday it is investigating 12 marine incidents. TSB reported on Twitter it was investigating the occurrences “from coast to

News AssociationsInsuranceLegislation / Regulation

Marine, surety insurance policies among those exempt from Newfoundland and Labrador’s 15% retail sales tax on P&C premiums

May 2, 2016 by Canadian Underwriter

Insurance policies for marine, surety, guarantee or fidelity-type bonds, accident and sickness, and life will be exempt from Newfoundland and Labrador’s 15% retail sales tax (RST) on property and casualty insurance premiums, the Insurance Bureau of Canada (IBC) said on

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Eight (re)insurers join forces for marine cat model

April 1, 2016 by Canadian Underwriter

Sompo Canopius AG, a global specialty lines platform of Sompo Japan Nipponkoa Holdings Inc., announced on Thursday that it has partnered with catastrophe modelling marketing firm Risk Management Solutions (RMS) and six other (re)insurers for the specification and build of