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One-quarter of Canadian small and medium businesses with revenue over $10M victims of cyberattack: study

October 12, 2016 by Canadian Underwriter

One in four Canadian small and medium-sized businesses (SMBs) with annual revenue over $10 million have been victims of a cyberattack compared to only one in 10 with annual revenue under $10 million, according to a new survey from Internet

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Allstate reports US$961 million in cat losses in second quarter of 2016

August 5, 2016 by Canadian Underwriter

Northbrook, Ill.-based Allstate Corporation has reported catastrophe losses of US$961 million in the second quarter of 2016 compared to US$797 million in the same quarter of 2015 and US$1.79 billion in the first six months of the year compared to

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Combined ratio up 18 points for PartnerRe

August 3, 2016 by Canadian Underwriter

PartnerRe Ltd. has reported an 18-point deterioration in its combined ratio for the three months ending June 30, with the wildfire in Alberta contributing 7.5 points, or $73 million, to its loss expenses for the second quarter of this year.

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Risk solutions revenue up 1% at Aon

August 2, 2016 by Canadian Underwriter

Aon plc reported a 1% increase in retail brokerage revenue for the three months ending June 30 compared to the same period in 2015. London-based Aon released Friday its financial results for the second quarter. In risk solutions (which includes

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Revenue for Marsh’s U.S./Canada division up US$44 million to US$804 million in Q2 2016

July 29, 2016 by Canadian Underwriter

Marsh & McLennan Companies, Inc. (MMC) has reported that revenue for the United States/Canada division of Marsh was up to US$804 million for the second quarter of 2016 ending June 30, from US$760 in the same quarter in 2015. For

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Jardine Lloyd Thompson Group’s £36.2 million profit for 2016 H1 half of prior-year period: interim results

July 27, 2016 by Canadian Underwriter

Collaboration among its Specialty operations around the world is driving organic revenue growth for Jardine Lloyd Thompson Group plc (JLT), but the £36.2 million in profit for the first half of 2016 is half the £77.7 million for the same