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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

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

‘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