Canadian Underwriter

Keyword
Return on Equity

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News Insurance

How profitable was Canada’s P&C industry last year?

April 7, 2022 by Jason Contant

Last year saw the lowest-ever combined ratio in the Canadian P&C insurance industry, making it the third most profitable year for Canada’s P&C insurance industry since 1975, according to the Property and Casualty Insurance Compensation Corporation (PACICC). “The 2021 industry

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News BrokersInsuranceReinsurance

Industry’s return on equity sky-high in 2021

March 30, 2022 by Alyssa DiSabatino

At 18%, the industry’s return on equity was sky-high for the first three quarters of 2021, but industry observers warn this could be cut in half in two years.   While these high profits have reduced solvency risk for most

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Net income for Swiss Re US$1.2 billion in 2017 H1, down from about US$1.9 billion in 2016 H1

August 4, 2017 by Canadian Underwriter

Disciplined underwriting and strong investment returns contributed to Swiss Re recording net income of US$1.2 billion for the first half of 2017, although catastrophe claims served to reduce the total from the comparable period in 2016. Net income for Swiss

News Earnings / RatingsInsuranceMergers and AqcuisitionsProfessional DevelopmentReinsurance

Combined ratio for Canadian insurance industry in Q1 2017 estimated at 101.3%, up from 94.7% in Q1 2016: Baker

May 24, 2017 Jason Contant, Online Editor

The insurance industry in Canada saw a 6.6% hike in the combined operating ratio for the first quarter of 2017, from 94.7% in Q1 2016 to 101.3% in the first three months of this year, MSA Research Inc. president and

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and AqcuisitionsReinsuranceTechnology

Difficult year for Canada’s p&c insurance industry: IBC’s McGown

April 4, 2017 by Angela Stelmakowich

The Fort McMurray wildfire and other large weather events combined with the lowest return on investment (ROI) in decades to produce a very difficult year for Canada’s p&c insurance industry in 2016, David McGown, senior vice president of strategic initiatives

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Desjardins General Insurance Group reports net income of $12.1 million for Q3 2016 compared to net loss of $32 million in Q3 2015

November 14, 2016 by Canadian Underwriter

Lévis, Que.-based Desjardins General Insurance Group (DGIG) – a Desjardins Group subsidiary specializing in property and casualty insurance – has reported a net income of $12.1 million in the third quarter of 2016 ending Sept. 30, compared to a net

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and Aqcuisitions

The Co-operators General Insurance Company reports net income of $16.3 million in 2016 Q3 compared to loss in 2015 Q3

October 28, 2016 by Canadian Underwriter

The Co-operators General Insurance Company posted $16.3 million in consolidated net income for 2016 Q3 compared to a net loss of $21.4 million in the prior-year quarter. “During the quarter, there were no material changes to the company’s estimated net

News InsuranceMergers and AqcuisitionsReinsurance

U.S. homeowners premiums set to surpass US$90 billion for the first time: Aon Benfield

October 25, 2016 by Canadian Underwriter

Aon Benfield is forecasting continued growth in direct homeowners insurance premiums in the United States for 2016, despite a decreasing return on equity (ROE) for insurers. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, released its

News AssociationsInsuranceLegalLegislation / Regulation

Opposition calls for 33% cap on Ontario lawyers’ contingency fees

September 15, 2016 by Canadian Underwriter

A proposal to require Ontario lawyers and paralegals to disclose how they calculate fees is supported by The Co-operators Group Ltd. Bill 12 – An Act to amend the Law Society Act, the Insurance Act and the Solicitors Act with

News Earnings / RatingsInsuranceTechnology

Persisting low interest rates, regulatory cost concerns expected to result in lower returns: U.S. insurers

July 15, 2016 by Canadian Underwriter

About three-quarters of polled insurers south of the border “have lowered their target return-on-equity expectations to 10% or lower,” notes a new special report released Thursday by A.M. Best. The lowered expectations are “a reflection of highly competitive market conditions