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Insurance industry will be “profoundly disrupted” by technological change, global forum hears

June 15, 2017 by Canadian Underwriter

The insurance industry will be profoundly disrupted by technological change, Vincent J. Dowling, Jr., managing partner of Dowling & Partners Securities LLC, told attendees at Marsh & McLennan Companies, Inc. (MMC)’s Young Professionals’ Global Forum 2017 in London, U.K. on

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Chubb reports P&C combined ratio of 86% for Q3

October 26, 2016 by Canadian Underwriter

Chubb Limited has reported a property and casualty combined ratio of 86% for the third quarter of 2016 ending Sept. 30, virtually unchanged from 85.9% in the prior-year quarter. For Global P&C (excluding agriculture), the combined ratio was 85.7% for

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Desjardins’ combined ratio up 26.5 points in Q2 2016, Fort McMurray wildfire losses estimated at $30.2 million

August 15, 2016 by Canadian Underwriter

Levis, Que.-based Desjardins General Insurance Group (DGIG) released its second quarter financial results on Friday, reporting an estimated expense of $30.2 million after reinsurance and income taxes related to the Fort McMurray wildfire and a combined ratio of 99.1%. “The

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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

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Global P&C insurance market forecast to grow at a compound annual growth rate of 5.77% from 2016 to 2020

May 31, 2016 by Canadian Underwriter

The global property and casualty insurance market is forecast to grow at a compound annual growth rate (CAGR) of 5.77% during the period of 2016 to 2020, according to a new report from Research and Markets. The report from the

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Kingsway Financial reports $29M in premiums in Q1

April 25, 2016 by Canadian Underwriter

Kingsway Financial Services Inc. of Toronto, whose products include non-standard auto in the United States, reported Friday it lost US$1.495 million during the three months ending March 31. Net premiums earned in the most recent quarter were $29.427 million, essentially