Canadian Underwriter

Keyword
property


News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Almost $65 million in insured damage from severe summer storm in Alberta, Saskatchewan

August 24, 2016 by Canadian Underwriter

A severe storm that swept through southern Alberta and Saskatchewan in the third week of July has prompted an insured damage estimate of almost $65 million, reports Insurance Bureau of Canada (IBC), based on figures provided by Catastrophe Indices and

Feature InsuranceMergers and Aqcuisitions

Port in a Storm

June 1, 2016 Tracy MacDonald, Vice President, Corporate Services, Trillium Mutual Insurance Company

Farm portals are an example of an underserved market. Although the number of farms has declined, with the right investment in technology, including in portals, the farm insurance business holds considerable promise for mutual and general insurers alike.

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

Sedgwick and subsidiary Vericlaim expand operations in Canadian market

June 1, 2016 by Canadian Underwriter

Sedgwick Claims Management Services, Inc. and its subsidiary Vericlaim announced on Wednesday that they will expand their services available in the Canadian market. In addition to Sedgwick’s existing third-party administration (TPA) operations, the companies will offer high-quality claims administration and

News CatastrophesInsuranceMergers and Aqcuisitions

Fort McMurray wildfire to cost The Co-operators an estimated $70 million to $90 million

May 24, 2016 by Canadian Underwriter

The Co-operators General Insurance Company has estimated that the Fort McMurray wildfire will cost it between $70 million and $90 million. While access to the affected area remains restricted, The Co-operators’ preliminary estimate indicated that the after-tax cost of the

News CatastrophesConstructionInsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

AIR estimates Fort McMurray wildfire insured losses at between $4.4 billion and $9 billion

May 17, 2016 by Canadian Underwriter

Industry insured losses from the Fort McMurray wildfire that began May 1 and is still being fought today is estimated at $4.4 billion to $9.0 billion, AIR Worldwide reported late Monday. The catastrophe modelling firm notes the estimate reflects insured

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Premiums earned up 4%, catastrophe losses up 181% at Allstate

May 9, 2016 by Canadian Underwriter

First-quarter underwriting income dropped about 73% year-over-year for The Allstate Corp. in the wake of two large hailstorms in late March in the southern United States. The Northbrook, Ill.-based insurer reported May 4 that catastrophe losses were $827 million during

News Insurance

Combined ratio up 7.9 points at Allied World

April 21, 2016 by Canadian Underwriter

Allied World Assurance Company Holdings AG reported Tuesday its combined ratio deteriorated 7.9 points, from 88.1% during the first quarter of 2015 to 96% in the three months ending March 31, while net premiums written dropped 8.9%. Zug, Switzerland-based Allied

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and AqcuisitionsTechnology

Canada’s p&c industry sees big jump in underwriting income, big drop in nat-cat losses in 2015: IBC

April 6, 2016 by Angela Stelmakowich

Despite the challenges and fluctuations of 2015 – including plummeting oil prices – Canada’s property and casualty industry “had a relatively good year,” with underwriting income tripling to about $1.7 billion, David McGown, senior vice president of strategic initiatives for

News CatastrophesInsuranceMergers and Aqcuisitions

Final property market loss for windstorm Mike-Niklas estimated at 816 million euros

March 29, 2016 by Canadian Underwriter

Windstorm Mike-Niklas, which affected parts of western and central Europe from March 29 to April 1, caused an estimated property market loss of 816 million euros, PERILS AG said on Tuesday. The fourth and final loss estimate for the windstorm,