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professional liability


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Q1 revenues up 5% at Aon

May 9, 2017 by Canadian Underwriter

Aon plc reported Tuesday its commercial risk solutions revenue of $984 million in the three months ending March 31, up 2% from $961 million during the same period in 2016, while net income, company wide, dropped 9% due in part

News InsuranceLegislation / Regulation

Ontario home inspector licensing bill ready for royal assent

April 11, 2017 by Canadian Underwriter

Ontario politicians voted unanimously Monday in favour of a bill that will mandate licensing of home inspectors in the province and will let the government and consumer services minister regulate insurance requirements. Bill 59, an omnibus bill that also introduces

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BHSI launches professional liability, network security and privacy policy in Canada

March 21, 2017 by Canadian Underwriter

Berkshire Hathaway Specialty Insurance (BHSI) has introduced a product designed to address the needs of a variety of enterprises, from systems integrators to telecommunications providers to IT staffing firms. The Professional First Professional Liability and Network Security & Privacy Policy,

News InsuranceMergers and AqcuisitionsReinsurance

Q4 combined ratio up 14.9 points at Aspen

February 9, 2017 by Canadian Underwriter

Wildfires in Tennessee, an earthquake in New Zealand, Hurricane Matthew and energy-related losses all contributed to a 20.2-point deterioration in the fourth-quarter loss ratio in reinsurance for Aspen Insurance Holdings Ltd., while in primary insurance, Aspen reported a combined ratio

News Earnings / RatingsInsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

U.S. professional liability market to remain robust in 2017, with competitive level for D&O and E&O businesses remaining heightened: A.M. Best

January 13, 2017 by Canadian Underwriter

The professional liability sector of the United States property and casualty insurance market will continue to be robust in 2017, with the competitive level for directors and officers (D&O) and errors and omissions (E&O) businesses specifically remaining heightened, A.M. Best

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 / Coverages

Chubb releases new suite of liability coverages for family offices in Canada

November 8, 2016 by Canadian Underwriter

Chubb announced on Tuesday that it has released a new suite of insurance coverages to help family offices face liability exposures. “Family Office Amplifier is a flexible package of coverages that includes specialized terms and conditions that reflect today’s evolving

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Canadian insurers report 1.7% written premium price level increase in Q2: Willis Towers Watson CLIPS Canada survey

October 5, 2016 by Canadian Underwriter

Respondents to Willis Towers Watson’s (WTW) latest Commercial Lines Insurance Pricing Survey – Canada (CLIPS Canada) have reported a 1.7% written premium price level increase during the second quarter of 2016 compared to the prior year quarter. Data was contributed

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Allianz Global Corporate & Specialty launches cyber and professional liability coverage for North America

August 4, 2016 by Canadian Underwriter

Allianz Global Corporate & Specialty (AGCS) has announced the launch of a new cyber and professional liability coverage product designed exclusively for the North American market. Featuring a streamlined form structure with flexible terms, ACCEPT Protect is the “first of

News ConstructionInsuranceLegal

XL Catlin adds rectification expense cover to contractor’s professional and pollution legal liability insurance

May 30, 2016 by Canadian Underwriter

Contractors and environmental consultants in Canada and the United States now have access to enhanced protection under XL Catlin’s contractor’s professional and pollution legal liability insurance with the addition of rectification expense coverage. Standard professional liability coverage addresses third-party claims

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Commercial prices in aggregate for Canadian insurers up 3.8% in general products and liability lines during Q4 2015 vs. Q4 2014: pricing survey

April 25, 2016 by Canadian Underwriter

Commercial insurance prices in aggregate for Canadian insurers increased 3.8% in the general products and liability line during the fourth quarter of 2015 compared to those charged for the same coverage during Q4 2014, according to the latest Willis Towers