Canadian Underwriter

Keyword
Underwriting


Feature InsuranceMarkets / Coverages

Death of the Pricing Cycle?

July 1, 2016 Sean van Zyl, Freelance Writer

The medieval nursery rhyme, ring a ring o’ roses, depicting the ravages of the black plague, could well represent a metaphor for the property and casualty insurance industry’s past erratic pricing behaviour. Now, with a record level of excess capital awash in the global marketplace, has the historical pricing cycle been broken forevermore?

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Ironshore’s M&A unit establishes an Americas presence, names management appointments in Toronto, New York and Atlanta

June 14, 2016 by Canadian Underwriter

Ironshore International announced on Monday that its global Mergers & Acquisitions unit will establish an Americas presence to “address complex, multi-jurisdictional transactions within the North and Latin American regions.” The Americas team will be led by Navine K. Aggarwal, who

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S. commercial insurance prices rose less than 1% in first quarter: Willis Towers Watson

June 13, 2016 by Canadian Underwriter

Commercial insurance prices in the United States increased modestly in aggregate – less than 1% – during the first quarter of 2016, continuing a three-year trend of smaller increases, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) by

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Sizable U.S. property insurance price hike only expected in wake of a record hurricane year: Fitch

June 2, 2016 by Canadian Underwriter

Hurricane losses in the United States equal to at least 15% of industry aggregate surplus in 2016 would likely promote a shift toward positive pricing movement, although any upward movement would be dampened by existing underwriting capacity for primary and

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Global P&C insurance market forecast to grow at a compound annual growth rate of 5.77% from 2016 to 2020

May 31, 2016 by Canadian Underwriter

The global property and casualty insurance market is forecast to grow at a compound annual growth rate (CAGR) of 5.77% during the period of 2016 to 2020, according to a new report from Research and Markets. The report from the

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Verisk Insurance Solutions expands FireLine to Western Canada

May 26, 2016 by Canadian Underwriter

Verisk Insurance Solutions announced on Thursday that it is expanding its FireLine wildfire risk management service to include the provinces of Alberta and British Columbia. FireLine, which is well-established in the western United States, enables property-specific assessment of wildfire risk

Hannover Re released its financial results for Q1 2016
News CatastrophesEarnings / RatingsInsurance

Hannover Re’s 2016 Q1 net income down without elimination of positive special effect in prior-year quarter, up 12.7% with elimination

May 10, 2016 by Canadian Underwriter

Hannover Re’s sharply improved underwriting results in property and casualty reinsurance for 2016 Q1 – coupled with the elimination of a positive special effect in 2015 Q1 – helped the world’s third largest reinsurer post a 12.7% hike in Group

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Economical Insurance combined ratio down 4.6 points in first quarter of 2016

May 10, 2016 by Canadian Underwriter

Economical Insurance has reported a combined ratio of 101.1% in the first quarter of 2016 ending March 31, down 4.6 percentage points from the Q1 2015 combined ratio of 105.7%. Waterloo, Ont.-based Economical Insurance’s gross written premiums were up by

News CatastrophesEarnings / RatingsInsuranceMergers and Aqcuisitions

Premiums earned up 4%, catastrophe losses up 181% at Allstate

May 9, 2016 by Canadian Underwriter

First-quarter underwriting income dropped about 73% year-over-year for The Allstate Corp. in the wake of two large hailstorms in late March in the southern United States. The Northbrook, Ill.-based insurer reported May 4 that catastrophe losses were $827 million during

News Earnings / RatingsInsuranceMergers and Aqcuisitions

P&C industry in the U.S. marks third consecutive underwriting gain, but surplus declines on investment results: A.M. Best

May 9, 2016 by Canadian Underwriter

The property and casualty industry in the United States marked a third consecutive year of underwriting profitability, with US$6.2 billion in underwriting income in 2015, according to an A.M. Best Company special report released on Friday. However, the lower level

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Berkshire Hathaway reports US$11.124 billion in insurance premiums earned in Q1 2016, up from US$9.540 billion in Q1 2015

May 9, 2016 by Canadian Underwriter

Berkshire Hathaway Inc. has reported US$11.124 billion in insurance premiums earned in the first quarter of 2016 ending March 31, up from US$9.540 billion in the first quarter of 2015. Omaha, Neb.-based Berkshire Hathaway released its financial results on Friday.

News Earnings / RatingsInsurance

Global reinsurance profits to decline on soft market conditions: Fitch

May 6, 2016 by Canadian Underwriter

Global reinsurance sector profits will fall below 2015 levels this year due to increasing pressure in underwriting and investment results as well as diminishing opportunities to deploy capital, according to a new report from Fitch Ratings. While the reinsurance sector