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Concept of increased business growth
News Insurance

Definity grows commercial portfolio, eyes M&A

February 14, 2022 Philip Porado

Focus on improving its commercial business has paid off, Definity Financial Corporation’s president and CEO Rowan Saunders told a Feb. 14 fireside chat with BMO Capital Markets equity analyst Tom MacKinnon. “It’s really a very different-looking portfolio now than it

News Commercial LinesInsurance

New commercial specialty insurer entering Canada

November 30, 2020 by Greg Meckbach

Tokio Marine Holdings Inc. plans to incorporate a new property and casualty insurer in Canada next year. The Japanese insurer announced Nov. 26 its new Canadian insurer will focus mainly on specialty business and have “limited overlap” with Tokio Marine

Feature Commercial Lines

Withering heights

August 1, 2020 David Gambrill, Editor in Chief

Canadian Underwriter talked to several commercial lines brokers about the impact of COVID-19 on specialty lines. Hear their tales of withering capacity, new challenges finding D&O insurance, and when to expect growth again

Feature Insurance

Opening up the Borders

August 2, 2019 David Gambrill, Editor-in-Chief

Peter Weightman, head of Intact’s specialty unit, shows how the company’s 2017 acquisition of OneBeacon created opportunities in the U.S. for Canadian brokers.

News InsuranceMarkets / Coverages

M&A activity unlocks this hot new business opportunity

July 11, 2019 by David Gambrill

Global mergers and acquisitions (M&A) activity over the past five years — which reached a total value of almost $3.5 trillion in 2018 — led to a starburst of transactional insurance last year. Transactional risk insurance covers risks related to

Feature Markets / CoveragesRisk

Specialty rises to the Top

August 1, 2018 by Canadian Underwriter

Specialty Lines insurance is quickly becoming the new commercial standard, thanks to the meltdown of the vanilla CGL policy. Here’s why you can expect to reach out to specialty markets more often in the future.

News CatastrophesEarnings / RatingsMergers and Aqcuisitions

CNA Financial net income in 2017 Q2 up over 2016 Q2, combined ratio also improves

July 31, 2017 by Canadian Underwriter

CNA Financial Corporation saw both net income and net operating income increase in the second quarter of 2017 compared to the corresponding quarter of 2016, an improvement matched by the company’s Property & Casualty combined ratio. Net income increased to

News CatastrophesEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Aspen reports net income of US$76.8 million for Q2 2017

July 27, 2017 by Canadian Underwriter

Aspen Insurance Holdings Limited released its financial results for the second quarter and first half of 2017 on Wednesday, reporting a net income after tax of US$75.8 million for Q2 2017. Gross written premiums (GWP) in the second quarter of

News InsuranceMergers and Aqcuisitions

Commercial insurance prices in U.S. remain flat during 2016 Q4

March 13, 2017 by Canadian Underwriter

Commercial insurance prices in the United States were almost flat during 2016 Q4, with price increases of less than 1% for the fifth straight quarter, Willis Towers Watson (WTW) reports in its latest Commercial Lines Insurance Pricing Survey (CLIPS). CLIPS

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio up 8 points for PartnerRe

February 23, 2017 by Canadian Underwriter

PartnerRe Ltd., which has a Toronto branch office, reported an eight-point deterioration in its combined ratio, from 85.6% in 2015 to 93.6% in 2016, while the net loss in Q4 2016 was US$173.7 million. In addition to reinsurance, Hamilton, Bermuda-based

News Earnings / RatingsInsuranceMergers and Aqcuisitions

CNA Property & Casualty Operations combined ratio at 95.9% for full-year 2016

February 7, 2017 by Canadian Underwriter

CNA Financial Corporation has reported a Property & Casualty Operations combined ratio for 2016 of 95.9%, similar to 95.4% for the 12 months ending Dec. 31 2015, and a combined ratio of 99.9% for the fourth quarter of 2016 ending

News InsuranceMergers and AqcuisitionsReinsurance

Allied World reports net income of US$68.6 million in Q3 2016 compared to net loss of US$51.6 million in Q3 2015

November 1, 2016 by Canadian Underwriter

Allied World Assurance Company Holdings, AG has reported a net income of US$68.6 million for the third quarter of 2016, compared to a net loss of US$51.6 million for the same quarter in 2015. The Zug, Switzerland-based company – a