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Aon to launch new global reinsurer trading platform

April 5, 2016 by Canadian Underwriter

Aon Benfield will launch its new global reinsurer trading platform Apr. 11, a move meant to enhance placements with real-time data when ABConnect Placements goes live for July 1 treaty placements, the global reinsurance intermediary and capital advisor of Aon


You’re Invited to Lloyd’s MGA Roadshow, Wednesday April 20th, Kitchener, Ontario

April 4, 2016 Lloyd's Canada

Lloyd’s Canada is delighted to invite you to attend a RIBO accredited lunchtime seminar: Wednesday April 20th, Kitchener, Ontario, 11:30-14:00 This free seminar hosted by Lloyd’s Canada will feature six underwriting experts: ABEX to present misunderstood property risks Creechurch Underwriters

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Cyber insurance underwriters may want to consider less “absolute” questionnaires: ICRMC speaker

April 1, 2016 Jason Contant, Online Editor

Insurers who underwrite cyber insurance may want to consider less “absolute” questions during their coverage questionnaires, a speaker suggested on Thursday at the 2016 International Cyber Risk Management Conference (ICRMC), held in Toronto. “I was the one that completed the

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Everest Re names Jonathan M. Zaffino as president of North America Insurance Division

March 30, 2016 by Canadian Underwriter

Everest Re Group, Ltd. announced on Wednesday that it has named Jonathan M. Zaffino as president of its North America Insurance Division, effective April 1. Zaffino joined Hamilton, Bermuda-based Everest Re in 2015 as president of Everest National / U.S.

News Markets / CoveragesMergers and Aqcuisitions

ISO introduces drone insurance coverage options for commercial inland marine market

March 28, 2016 by Canadian Underwriter

ISO announced on Monday that it is preparing for the “potential rise and fall of commercial drones” with new inland marine insurance forms to help protect businesses from the costs of such potential crashes, including damage to the drones, their

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Combined ratio for Lloyd’s at 90% for 2015, up from 88.4% in 2014

March 24, 2016 by Canadian Underwriter

Lloyd’s of London, the world’s specialist market for insurance and reinsurance, announced on Wednesday a combined ratio of 90% for 2015, up from 88.4% in 2014. Lloyd’s also reported a pre-tax profit of 2.1 billion pounds for 2015, down from

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Cyber insurance growth expected to triple in a few years, rapid rise would be credit-negative: Fitch Ratings

March 22, 2016 by Canadian Underwriter

While cyber insurance growth is clearly on the rise – with 2015’s estimated US$3 billion in premiums possibly tripling in four years – the rapid expansion into standalone offerings brings with it concern the move could be credit-negative, suggests a

News InsuranceMergers and Aqcuisitions

Insurance costs more than six times greater for wood frame buildings than for concrete buildings, new study finds

March 21, 2016 by Canadian Underwriter

A new study of the property insurance costs for wood frame and concrete mid-rise residential buildings has found a substantial gap in the risks and insurance rates between the two building systems. The data for the Study of Insurance Costs

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Companies lack adequate data privacy, consent tools for evolving regulations and dynamic digital economy: global survey

March 21, 2016 by Canadian Underwriter

Almost all IT professionals taking part in a recent global survey agreed customer data privacy concerns are a critical issue at the C-level, but fewer than one in 10 of respondents believe that current privacy and consent methods are adequate.

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Joint effort seeks to help reduce anchor losses, related damage

March 18, 2016 by Canadian Underwriter

A new investigation suggests many anchor losses are avoidable and shed light on a potentially bigger issue: the need for crews to be aware of the environmental loads for which equipment is designed. A rising number of anchor losses reported

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Global insurer M&A transaction values reach US$195 billion in 2015

March 18, 2016 by Canadian Underwriter

The aggregate value of global insurance transactions in the property-casualty, life and health sectors last year was four times higher than in 2014, reaching US$195 billion, notes a study released this week by Conning, Inc. “M&A activity in 2015 was

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U.S. interest rates unchanged, Federal Reserve foresees fewer hikes in 2016

March 17, 2016 by Canadian Underwriter

WASHINGTON – The United States Federal Reserve is keeping a key interest rate unchanged in light of global pressures that risk slowing the U.S. economy. As a result, officials with the Federal Reserve System expect to raise rates more gradually