Canadian Underwriter

Keyword
Northbridge Insurance


Feature Claims CanadaInsurance

Dirty Windows Help to Clarify Appellate Review of Standard Form Contracts

February 10, 2017 Michael S. Teitelbaum, partner; and Tara Chown, student-at-law, Hughes Amys LLP

The Supreme Court of Canada decision in Ledcor Construction Ltd. v. Northbridge Indemnity Insurance Co. has created an exception to the principle outlined in Sattva Capital Corp. v. Creston Moly Corp. and may lead to an increase in insurance litigation.

News InsuranceLegalMergers and AqcuisitionsReinsurance

Fairfax proposes to acquire New Zealand insurer Tower for nearly $200 million

February 9, 2017 by Canadian Underwriter

Fairfax Financial Holdings Ltd., the corporate owner of Northbridge Insurance, announced Wednesday it has agreed to buy Auckland-based Tower Limited, which writes property and casualty insurance in New Zealand and nearby nations. Tower’s shareholders, if they approve the deal, would

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Fairfax-Allied World deal among the ‘most noteworthy’ of recent insurance M&A announcements: Willis Re

January 3, 2017 by Canadian Underwriter

The merger agreement between Fairfax Financial Holdings Ltd. and Allied World Assurance Company Holdings AG – announced Dec. 18 – reflects “the view that the new U.S. government may provide a more favorable corporate tax environment” and demonstrates “that scale

News InsuranceMergers and AqcuisitionsProfessional DevelopmentReinsurance

Benefits of merging Fairfax and Allied World ‘far outweigh’ overlap in reinsurance: Fairfax Insurance COO

December 19, 2016 by Canadian Underwriter

The merger agreement announced Sunday by Toronto-based Fairfax Financial Holdings Ltd. and Allied World Assurance Company Holdings AG will give Fairfax a “rather different profile” of insurance business than it currently owns, but it is not clear what percentage of

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Fairfax’s Newline insurer to open German office

December 14, 2016 by Canadian Underwriter

Newline Insurance Company Ltd., which is ultimately owned by Toronto-based Fairfax Financial Holdings Ltd., announced Tuesday it has received regulatory approval to open a new branch office in Cologne. Newline, which writes international casualty and cargo coverage, is part of

News InsuranceMergers and AqcuisitionsTechnology

Northbridge Insurance covering ridesharing service in Waterloo, Ontario area

December 8, 2016 by Canadian Underwriter

Northbridge General Insurance Corporation is writing an auto policy for RideCo, which provides what RideCo calls “personalized, express transit service” in the Kitchener-Waterloo, Ontario area, Northbridge Insurance announced Thursday. “The Northbridge Insurance policy is issued to RideCo, with both RideCo,

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Net earnings for Fairfax Financial Holdings Limited US$1.3 million in 2016 Q3 compared to US$424.8 million in 2015 Q3

November 7, 2016 by Canadian Underwriter

Net losses on investment contributed to Fairfax Financial Holdings Limited seeing net earnings drop to US$1.3 million in 2016 Q3 compared to US$424.8 million in 2015 Q3. The results reflect “strong operating income offset by net losses on investments,” notes

News Earnings / RatingsInsurance

Fort McMurray wildfire adds 9.2 points to Northbridge Insurance’s Q2 combined ratio

August 3, 2016 by Canadian Underwriter

The recent wildfire in and near Fort McMurray, Alberta resulted in net incurred losses of $13.5 million for OdysseyRe and $20.9 million for Northbridge Insurance, the carriers’ parent company reported recently. All figures are in United States dollars. Fairfax Financial

News Insurance

Northbridge warns of ‘dangerous mental distractions’ to drivers

July 8, 2016 by Canadian Underwriter

The use of hands-free technologies while driving does not eliminate distracted driving risk, Northbridge Insurance suggested Thursday in a blog post. “Many drivers aren’t fully engaged on the road putting their lives and the lives of others at risk,” Toronto-based