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The Co-operators


News Climate ChangeInsurance

2018 Outlook: Rob Wesseling, President, CEO, The Co-operators Group Limited

January 3, 2018 Rob Wesseling

Taking on an increased leadership role with respect to climate change, and working to engage clients more effectively are two key challenges for the industry in the year ahead. In the short term, climate change may be a premium-level issue

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesReinsurance

Insurers, society face irreversible climate change: reinsurance board exec

December 19, 2017 Greg Meckbach, Associate Editor

Wildfires that hit British Columbia earlier this year and that continue to affect California are among the effects of climate change, says Karen Gavan, former CEO of Waterloo, Ont.-based Economical Insurance. “Literally California has been burning all fall,” said Gavan,

News Earnings / RatingsInsuranceMarkets / Coverages

The Co-operators reports net loss of $7.4 million in third quarter

October 27, 2017 by Canadian Underwriter

Co-operators General Insurance Company has reported a consolidated net loss of $7.4 million for the third quarter of 2017 ending Sept. 30 compared to net income of $16.3 million for the same quarter of 2016. Guelph, Ont.-based The Co-operators released

News InsuranceMarkets / Coverages

The Co-operators, Desjardins Group to invest in new Canadian Co-operative Investment Fund

October 16, 2017 by Canadian Underwriter

Canadian co-operatives and mutuals have committed $25 million to establish the Canadian Co-operative Investment Fund (CCIF), which will provide financing for new and expanding Canadian co-operatives in Canada. The $25 million in committed investment to date is the threshold agreed

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Q2 combined ratio improves 13.3 points to 101% for The Co-operators

July 28, 2017 by Canadian Underwriter

Co-operators General Insurance Company reported Thursday an underwriting loss of $6.6 million in the three months ending June 30, while direct premiums written were $768.7 million, up 6.4% from $722.6 million in Q2 2016. During the second quarter of 2016,

News CatastrophesClimate ChangeConstructionInsuranceMergers and Aqcuisitions

New FireSmart Home Development Guide targets Canadian wildfire resiliency

May 5, 2017 by Canadian Underwriter

FireSmart Canada, in partnership with The Co-operators, has developed a new resource to help Canadian residents make their homes more resilient to wildfire. The FireSmart Home Development Guide, which will become part of the FireSmart Home Partners Program, outlines specific

News CatastrophesInsurance

Wildfire Community Preparedness Day gearing up one year after Fort McMurray

May 4, 2017 by Canadian Underwriter

One year after the Fort McMurray wildfire started and eventually became Canada’s costliest natural disaster, community groups across the country are gearing up to taking part in the third annual Wildfire Community Preparedness Day (WCPD) to take measures to reduce

News Earnings / RatingsInsuranceMergers and Aqcuisitions

The Co-operators reports net income of $34.6 million for Q1 2017, combined ratio of 102.5%

May 2, 2017 by Canadian Underwriter

Guelph, Ont.-based Co-operators General Insurance Company has reported a consolidated net income of $34.6 million for the first quarter of 2017 ending March 31, down from $39.3 million in the first quarter of 2016. The company’s combined ratio, excluding market

News Earnings / RatingsInsuranceMergers and Aqcuisitions

44% of The Co-operators’ claims and benefits in 2016 were for property damage, the company’s inaugural integrated report says

April 4, 2017 by Canadian Underwriter

Guelph, Ont.-based The Co-operators has released its inaugural 2016 Integrated Annual Report, reporting that more than four in ten claims and benefits paid in 2016 were for property damage. The Co-operators released the report on Tuesday, joining “a handful of

News InsuranceMergers and AqcuisitionsTechnology

The Co-operators launches mobile app for clients to access and manage insurance information

February 16, 2017 by Canadian Underwriter

Guelph, Ont.-based The Co-operators announced on Thursday that it has launched a new mobile app providing clients with a “quick, easy and secure way” to access and manage their insurance information. With the free app, available through iTunes and Google

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Co-operators General Insurance Company net income $128.8 million in 2016 Q4, up from $103.3 million in 2015 Q4

February 16, 2017 by Canadian Underwriter

The consolidated net income for Co-operators General Insurance Company increased for the fourth quarter of 2016 over the same quarter in 2015, but net income for 2016 decreased from 2015. The Co-operators has posted net income of $128.8 million for

News InsuranceLegalLegislation / RegulationMergers and Aqcuisitions

Intact, Allstate disagree on whether accident victims “principally dependent” on policyholder

February 13, 2017 by Canadian Underwriter

The Supreme Court of Canada will not hear an appeal over an arbitration ruling in an auto accident benefits priority dispute, where insurers disagreed on whether a claimant was “principally dependent” on the owner of a vehicle. Court records indicate