Canadian Underwriter

property and casualty

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Aspen Insurance reports a combined ratio of 93.8% for the third quarter of 2016

October 27, 2016 by Canadian Underwriter

Hamilton, Bermuda-based Aspen Insurance Holdings Limited has reported a combined ratio of 93.8% for the third quarter of 2016, up slightly from 93.4% in the third quarter of 2015. Aspen Insurance released its financial results on Wednesday, reporting a net

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Insurers have untapped opportunity to transform into solutions providers, not just sellers: consumers

September 20, 2016 by Canadian Underwriter

Almost three-quarters of consumers taking part in a Bain & Company Inc. survey say they would value a platform for providing services well beyond insurance coverage, opening the door for insurers to transform themselves from just sellers into solutions providers.

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S. p&c industry sees favourable rating activity in 2016 H1: A.M. Best

August 12, 2016 by Canadian Underwriter

Property 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,

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Managing General Agent channel continues growth at rate exceeding P&C market: Conning

July 25, 2016 by Canadian Underwriter

The Managing General Agent (MGA) market has continued to grow at a rate exceeding that of the property-casualty market overall, according to a new study by Conning, Inc., a Hartford, Conn.-based global investment management firm. “In our analysis of the MGA

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Higher catastrophe losses, lower investment income fuel reduced growth in underwriting gain for U.S. p&c insurance

July 11, 2016 by Canadian Underwriter

The highest level of catastrophe losses in five years contributed to the U.S. property and casualty insurance industry witnessing deteriorated underwriting results in the first quarter of 2016 compared to the prior-year quarter, notes a special report issued Friday by

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Sizable U.S. property insurance price hike only expected in wake of a record hurricane year: Fitch

June 2, 2016 by Canadian Underwriter

Hurricane losses in the United States equal to at least 15% of industry aggregate surplus in 2016 would likely promote a shift toward positive pricing movement, although any upward movement would be dampened by existing underwriting capacity for primary and

Feature AssociationsClaims CanadaInsurance

Message from the President

May 18, 2016 Fred Plant, President, Canadian Independent Adjusters' Association

Ours is a noble profession and you should be proud of the important work you do, every day – delivering the product of the Property & Casualty Insurance Industry in Canada. The Ontario Chapter of the Canadian Independent Adjusters’ Association

News InsuranceMergers and AqcuisitionsProfessional Development

Canadian, U.S. insurance agency mergers and acquisitions in Q1 breaks record, OPTIS Partners’ report reveals

May 12, 2016 by Canadian Underwriter

Insurance agency mergers and acquisitions in Canada and the United States hit an all-time high for the first quarter of the year, with 109 reported transactions in the first three months of 2016, according to OPTIS Partners’ M&A database. The

News Earnings / RatingsInsuranceMergers and Aqcuisitions

AIG reports after-tax operating income of US$773 million in Q1 2016

May 3, 2016 by Canadian Underwriter

American International Group, Inc. (AIG) has reported a slight decrease in its Property Casualty combined ratio in the first quarter of 2016, down from 97.1% in Q1 2015 to 96.9% in the latest quarter. AIG released its financial results on

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Swiss Re reports net income of US$1.2 billion in Q1 2016

May 2, 2016 by Canadian Underwriter

Swiss Re has reported a net income of US$1.2 billion in Q1 2016, down from US$1.4 billion reported in the prior-year period, but “supported by solid underwriting and strong investment results.” Net income for Property and Casualty Reinsurance was US$587

Feature InsuranceMarkets / CoveragesTechnology

Joining Forces

May 1, 2016 Janice Deganis, Canadian Insurance Leader; and Ron Stokes, Canadian Financial Services Transactions Leader, EY

The consolidation trend continues in the property and casualty market in Canada, as carriers seek new product lines and distribution channels. But a sound integration plan, including technology, legal and actuarial processes, is just as important as selecting an acquisition target.

Feature AssociationsInsurance

Healthy Brokerages

April 1, 2016 Greg Meckbach, Associate Editor

Volunteering with industry associations is “about the health of the industry,” says Robyn Young, president of the Insurance Brokers Association of Alberta.