News

The expanding investor base and competitive capacity of the catastrophe risk market signals a positive trend for the long term, suggests G.C. Securities’ analysis of first quarter activity and trends within the risk market for 2013. “The catastrophe risk market…

Hannover Re released Tuesday its financial results for the three months ending March 31, reporting a 15.3% drop in net income but a 3.8% increase in gross written premiums in non-life reinsurance when compared to the first quarter of 2012.…

April catastrophe losses were dominated by earthquake events worldwide, particularly in Asia, notes the latest global catastrophe recap report from Impact Forecasting, the catastrophe modelling arm of Aon Benfield.  A 6.6-magnitude earthquake in China’s Sichuan province killed at least 196…

Intact Financial Corp. released Wednesday its financial results for the three months ending March 31, reporting a 1.9-point increase in its loss ratio and a 7% increase in net premiums earned compared to the first quarter of 2012. According to…

Reinsurer Munich Re Group posted a consolidated result of €979 million in 2013 Q1, up from €782 million in 2012 Q1, in the wake of claims expenditures for major losses that were below the long-term average, the company reported Tuesday.…

Providing information to consumers about credit-based insurance scores increases acceptance and support for their use, results from a recent survey out of the United States suggest. Risk management firm TransUnion, which conducted the online survey of 881 insured drivers across…

Canadian Underwriter has launched a new web page:  insNews.ca – Global Insurance News: providing news from leading trade journals globally (United States, United Kingdom, South Africa, Asia and Canada at launch, with additional jurisdictions to be added).  insNews.ca provides visitors…

While companies recognize potential risks posed by natural catastrophes, many have insufficient mitigation plans in place, according to global survey results from Zurich Insurance Group. There is a widespread perception that natural catastrophes are becoming not only more frequent, but…

Information technology executives at insurance companies are working on strategies for mobile computing, social media services like Facebook, cloud computing and the increase in the volume of data, but a computer research firm suggests chief information officers need to consider…

Commercial property insurer FM Global has earmarked $435 million for premium reductions for its clients that renew their policies between June 30 and June 29, 2014, the  company announced Tuesday. The reductions, part of what FM Global calls “membership credits,”…

Small business owners in Saskatchewan can now obtain online quotes for two small business products, a first in the province as part of a new partnership between SGI Canada and Kanetix Ltd. The small business products – Toolbox Pak and…

The Ontario government will release this Thursday changes to the province’s fire code designed to reduce fire risk in homes housing senior citizens and other vulnerable individuals. A spokesperson for Community Safety and Correctional Services Minister Madeleine Meilleur said Monday…