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Insurance Corporation of B.C. financial condition ‘seriously compromised,’ Basic Autoplan needs redesign: EY

July 25, 2017 by Canadian Underwriter

The premiums charged by British Columbia’s government-run monopoly provider of basic auto insurance are “not high enough” to cover claims, the system is not sustainable and the cost of the average minor bodily injury claim has risen well beyond the

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Q1 insurance premiums up 95% at Berkshire Hathaway after adverse development reinsurance agreement with AIG

May 8, 2017 by Canadian Underwriter

Berkshire Hathaway Inc. announced Friday it recorded insurance premiums earned of $21.7 billion during the three months ending March 31 – up 95% from $11.1 billion in Q1 2016 -while Cyclone Debbie affected the Omaha, Neb.-based firm’s underwriting result by

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Combined ratio down 4 points at Axis Capital

October 27, 2016 by Canadian Underwriter

Axis Capital Holdings Ltd. released Wednesday its financial results for the period ending Sept. 30, reporting a 2% overall increase in Q3 net premiums earned while underwriting income was up 46%. Pembroke, Bermuda-based Axis Capital reported net premiums earned of

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Allied World reports $10.3 million in reinsurance catastrophe losses from Fort McMurray wildfire

July 20, 2016 by Canadian Underwriter

Allied World Assurance Company Holdings AG reported Tuesday a 7.2-point improvement in its combined ratio, while the Fort McMurray, Alberta wildfires cost the carrier about $10.3 million and hail storms in Texas cost its reinsurance segment about $6 million and