Canadian Underwriter

Keyword
Reinsurance


News CatastrophesInsuranceMergers and Aqcuisitions

Insured losses of New Zealand quake could be as much as US$3.5 billion: AIR Worldwide

November 18, 2016 by Canadian Underwriter

The largest earthquake to hit New Zealand since 2009, registering magnitude 7.8, could contribute to insured losses amounting to US$762 million to US$3.5 billion, catastrophe modelling firm AIR Worldwide reported Thursday. The modelled estimates include insured physical damage to property

News AssociationsConstructionInsuranceLegalMergers and AqcuisitionsReinsurance

Some increased risks developing in surety space, but these can be managed: panel

November 14, 2016 by Angela Stelmakowich

The outlook for surety in Canada is healthy, but a number of developments are introducing increased risk that need to be taken into account and properly managed, speakers suggested during the Toronto Risk and Insurance Education Forum last week in

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 / RatingsInsuranceMergers and AqcuisitionsReinsurance

Markel Corporation reports consolidated net written premiums of US$3.162 billion for first nine months of the year

November 2, 2016 by Canadian Underwriter

Glen Allen, Va.-based Markel Corporation reported on Tuesday consolidated net written premiums (NWP) for the nine months ending Sept. 30 of US$3.162 billion, up from US$3.023 billion in the same prior-year period. Of the consolidated NWP for the nine-month period,

Feature CatastrophesInsuranceReinsurance

Altered State

November 1, 2016 Canadian Underwriter

If recent history is an indicator of future outcomes, Canada looks set on a path of annual billion-dollar (or more) losses from natural catastrophes. Should reinsurers view this as the new normal? And, if so, will treatment by reinsurers both inside and outside the country change to suit this evolving reality?

News CatastrophesInsuranceMarkets / CoveragesReinsurance

Insurance industry must work to reduce protection gap, burden on governments

October 25, 2016 by Canadian Underwriter

The insurance industry needs to capitalize on its unique risk understanding to reduce the financial burden on governments in light of “the daunting scale of the protection gap,” Nick Frankland, CEO of EMEA operations for Guy Carpenter & Company, LLC,

News CatastrophesInsuranceMergers and Aqcuisitions

Hurricane Matthew damage significant, but manageable, for U.S. insurers: A.M. Best

October 18, 2016 by Canadian Underwriter

Most insurance carriers rated by A.M. Best have sufficient capital and appropriate reinsurance programs to effectively absorb Hurricane Matthew losses, notes a new briefing from the rating agency. That being the case, A.M. Best reports it does not anticipate a

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Cat bond issuance so far in 2016 down 15% compared to same period in 2015, Fort Mac reviving talk about unmodelled risks: PCS

October 5, 2016 by Canadian Underwriter

Year-to-date Cat bond issuance was down more than 15% compared to the prior-year period as a result of a usually light third quarter and a less usual quiet second quarter, notes a new report from Property Claim Services (PCS). The

News CatastrophesInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Reinsurance cession ratio across global P&C industry registers small rise for first time in several years: Aon Benfield

September 12, 2016 by Canadian Underwriter

Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property and casualty insurance industry registering a small rise for the first time in several years, according to Aon Benfield’s September 2016 edition of

Feature CatastrophesEarnings / RatingsReinsurance

Looking Ahead

September 2, 2016 Greg Meckbach, Associate Editor

With property and casualty reinsurance prices showing few signs that downward pressure is ending any time soon, traditional reinsurance looks to be a real bargain for carriers hoping to protect their balance sheets and prepare themselves for future catastrophes. Forward-looking carriers are also recognizing that cost-effective reinsurance can help secure their future profitability.

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsuranceTechnology

AIG reaches agreement to sell United Guaranty Corporation to Arch Capital for US$3.4 billion

August 17, 2016 by Canadian Underwriter

American International Group, Inc. has entered into an agreement to sell its 100% interest in United Guaranty Corporation (UGC) to Arch Capital Group Ltd. for US$3.4 billion, a move in line with AIG’s continuing efforts to streamline operations and better

News CatastrophesClimate ChangeEarnings / RatingsMarkets / CoveragesReinsurance

Hannover Re sees dip in net income, lower gross written premiums for 2016 H1 compared to 2015 H1

August 4, 2016 by Canadian Underwriter

Hannover Re saw net income fall 8.6% to 486.1 million euros for the first half of 2016 from 531.9 million euros in the prior-year half, but remains confident the company is on track to achieve its full-year target of at