Keyword
personal lines
Combined ratio 100.3% for U.S. mutual insurers in 2015: A.M. Best
September 22, 2016 by Canadian UnderwriterMutual property & casualty insurers in the United States experienced more growth in their commercial business than in personal lines over the past five years, while improved pricing sophistication has led to lower loss ratios, A.M. Best Company suggested in…
U.S. p&c industry sees favourable rating activity in 2016 H1: A.M. Best
August 12, 2016 by Canadian UnderwriterProperty and casualty insurers in the United States have witnessed favourable rating activity in the first half of 2016 compared to a negative prior-year trend, notes a new special report from A.M. Best. Reversing what was seen in 2015 H1,…
Economical Insurance cites wildfire’s impact, net income drops to $17.1 million in 2016 Q2
August 8, 2016 by Canadian UnderwriterCanada’s worst-ever insured natural disaster – the Fort McMurray wildfire – delivered a hard hit to the underwriting activity of Economical Insurance, contributing to a net income in the second quarter of 2016 of about half the prior-year quarter. Economical…
Flood losses expected to dampen French, German insurers’ first-half earnings: A.M. Best
June 21, 2016 by Canadian UnderwriterFlood losses in the wake of storms Elvira and Friederike in late May and early June are not expected to result in ratings actions, but it is anticipated they will hit first-half results for French and German insurers, notes a…
Toronto brokerage RRJ Insurance Group purchases Topping Insurance Brokers; office will remain in Peterborough
May 12, 2016 by Canadian UnderwriterToronto-based RRJ Insurance Group Ltd. has announced the purchase of Peterborough, Ont.-based Topping Insurance Brokers Ltd. The RRJ Insurance Group said in a press release issued on Thursday that the purchase was effective May 2. The office is located at…
Economical Insurance combined ratio down 4.6 points in first quarter of 2016
May 10, 2016 by Canadian UnderwriterEconomical Insurance has reported a combined ratio of 101.1% in the first quarter of 2016 ending March 31, down 4.6 percentage points from the Q1 2015 combined ratio of 105.7%. Waterloo, Ont.-based Economical Insurance’s gross written premiums were up by…
P&C industry in the U.S. marks third consecutive underwriting gain, but surplus declines on investment results: A.M. Best
May 9, 2016 by Canadian UnderwriterThe property and casualty industry in the United States marked a third consecutive year of underwriting profitability, with US$6.2 billion in underwriting income in 2015, according to an A.M. Best Company special report released on Friday. However, the lower level…
Arthur J. Gallagher acquires Winnipeg brokerage B.R. Rhymer Insurance Agencies
May 6, 2016 by Jason ContantArthur J. Gallagher (AJG) has announced the acquisition of B.R. Rhymer Insurance Agencies Ltd., a personal and commercial lines broker located on Pembina Highway in Winnipeg, Manitoba. AJG, the international division of Arthur J. Gallagher & Co. outside of the…
Chubb Limited’s net income down 35.6% to US$439 million in 2016 Q1 compared to US$681 million in prior-year quarter
May 6, 2016 by Canadian UnderwriterOperating and underwriting results for the first quarter of 2016 were strong, but Chubb Limited still saw reported net income decrease to US$439 million in the first quarter of 2016 compared to US$681 million in the same period of 2015.…
Personal lines set to dramatically change, but will not disappear altogether: speakers at CIP Symposium
April 22, 2016 Jason Contant, Online EditorWith the number of disruptors entering the insurance industry, personal lines insurance is set to undergo a dramatic transformation, but will likely not disappear altogether, speakers suggested Thursday at the 2016 CIP Society Symposium. Catherine Kargas (picture below right), vice…