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MSA Research

News Appointments

MSA Research hires former Guarantee VP as COO

February 1, 2019 by Greg Meckbach

Marilyn Horrick, a former executive with The Guarantee Company of North America, is now executive vice president and chief operating officer of MSA Research Inc. The appointment took effect Friday. Toronto-based MSA’s reports include financial information on most of Canada’s

News ClaimsInsuranceMarkets / Coverages

Is the sun setting on auto insurance in Canada?

June 20, 2018 by David Gambrill

Is the sun setting on auto insurance as a dominant line of business in Canada? Property lines premium is catching up to auto insurance premiums, causing many to predict that auto insurance will recede in the rearview mirror over the

News InsuranceMarkets / CoveragesMGAs

One theory why Lloyd’s underwrites so much Canadian business

May 6, 2018 by David Gambrill

Insurance professionals fresh to Canada’s property and casualty insurance market from Europe may notice how much of Canada’s commercial business is underwritten by Lloyd’s of London. “Lloyd’s (as a market) is again the largest commercial writer in Canada [in 2017],

News CatastrophesClaimsInsuranceMarkets / Coverages

Is storm-ravaged Alberta insurable?

February 4, 2018 by David Gambrill

Alberta has experienced a disproportionate share of the extreme weather catastrophes in Canada over the past decade, causing insurers to question whether the province is a viable place to do business. The question was raised Friday at the C4 conference

News InsuranceMarkets / CoveragesTechnology

Two reasons why Ontario approved increased auto rates

January 19, 2018 by Jason Contant

Increased vehicle technology and elevated auto loss ratios are among the factors contributing to rate increases in Ontario auto, Joel Baker, president and CEO of MSA Research, told Canadian Underwriter on Thursday. “The industry is being challenged by elevated auto

News CatastrophesClaimsInsuranceMarkets / CoveragesReinsurance

Why Canadian insurers should feel lucky after 2017

January 3, 2018 by Greg Meckbach

After a year of massive North Atlantic hurricane losses, Canadian P&C insurers may have dodged a bullet with this year’s renewal season. Reinsurers licensed in Canada “were the main beneficiaries of the relatively quiet Canadian CAT year,” wrote Joel Baker,

News Earnings / RatingsInsuranceMarkets / Coverages

Blame auto losses for lackluster 2017 P&C results

January 2, 2018 by Greg Meckbach

Despite a “relatively benign” year in Canada for catastrophes in 2017, the industry-wide combined ratio in Canada was still fairly high at 96.8% during the first nine months of last year, with auto results partly to blame, MSA Research reported

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

Catastrophes likely to have “muted” effect on Canadian reinsurance pricing

December 4, 2017 Jason Contant, Online Editor

Reinsurance rates in Canada will likely not decrease and there may be some “upward movement in certain regions” following the historically massive catastrophes in the third quarter, MSA Research president and CEO Joel Baker suggested Monday. The catastrophes – including

News AppointmentsInsuranceMarkets / CoveragesProfessional Development

P&C People: Who’s doing what

November 30, 2017 by Canadian Underwriter

IndemniPro shakes up Quebec leadership IndemniPro, an independent claims adjuster, has announced two organizational changes in Quebec. After a 16-year career with IndemniPro, Suzie Godmer, senior vice president of the company’s Quebec and Atlantic Canada regions, has decided to leave

News CatastrophesInsuranceMarkets / CoveragesReinsurance

Fort McMurray wildfire shares characteristics of 2011 Thai floods and New Zealand quakes: Baker at NICC

September 30, 2016 Angela Stelmakowich, Editor

VANCOUVER – The Fort McMurray wildfire, though not on the same scale, shared many characteristics of the 2011 Thai floods and New Zealand earthquakes, Joel Baker, president and CEO of the National Insurance Conference of Canada (NICC), said Thursday at

News CatastrophesInsuranceMergers and Aqcuisitions

Nearly $3.6 billion in insured losses from Fort McMurray wildfire: CatIQ

July 7, 2016 by Canadian Underwriter

Insured damage from the recent wildfire affecting Fort McMurray, Alta. is estimated at $3.58 billion, Insurance Bureau of Canada’s vice president western and Pacific, Bill Adams, said Thursday. A third of the $3.58 billion loss is commercial property, 5% is