Canadian Underwriter

Segment
Reinsurance


Feature Catastrophes

In the Alternative

November 29, 2017 Greg Meckbach, Associate Editor

Losses from recent hurricanes could top US$100 billion, threatening to wipe out some Cat bonds. Still, reinsurance experts say investor support for new insurance-linked securities remains strong, with any players opting to exit the market expected to be easily replaced.

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMarkets / CoveragesProductsReinsurance

Will nat cats increase product pricing in Canada?

November 28, 2017 Jason Contant, Online Editor

Increases in natural catastrophes and the price of reinsurance could also drive up the price of insurance products in Canada, the federal financial regulator said Tuesday. “Our concern is in the longer run, we’ll see increases in the price of

Feature Reinsurance

Part of the Whole

November 27, 2017 by Canadian Underwriter

The global natural catastrophe story for 2017, one that could tell the tale of the largest related losses in history, shows how interconnected each country’s reinsurance market is to the global whole. Reinsurers operating in Canada are advised that, this time around, being part of the whole may demand rethinking risk, pricing and partners.

Photos Insurance

SCOR Canada Beaujolais Nouveau Reception, November 16, 2017

November 17, 2017 by Canadian Underwriter

SCOR Canada Reinsurance Company hosted its annual Beaujolais Nouveau Reception on November 16 at Toronto’s elegant Stratus restaurant. The reinsurer treated its customers and business partners to selections from the 2017 vintage of the French varietal, which is traditionally released

insPRESS AnnouncementsAppointmentsAssociationsCatastrophesClaimsClimate ChangeConstructionEarnings / RatingsInsuranceLegalLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsProductsProfessional DevelopmentReinsuranceTechnology

New Editor-in-Chief for Canadian Underwriter as veteran journalist David Gambrill returns

November 13, 2017 Canadian Underwriter

TORONTO, Nov. 13, 2017 /insPRESS/ – Newcom Business Media Inc. is pleased to announce the appointment of David Gambrill as Editor-in-Chief of Canadian Underwriter. “David is an award-winning writer and editor who’s arguably Canada’s most experienced and knowledgeable insurance journalist,”

News CatastrophesEarnings / RatingsInsuranceMarkets / Coverages

Munich Re reports Q3 combined ratio of 160.9%, predicts 112% for full year

November 9, 2017 by Canadian Underwriter

Despite losing about 2.7 billion euros on three recent North Atlantic hurricanes alone, Munich Re said Thursday it is “expecting to generate a small profit” this year. Munich Re released its financial results for the period ending Sept. 30, reporting

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Hannover Re records Group net income of 549 million euros in Q3 despite substantial nat cat losses

November 9, 2017 by Canadian Underwriter

Hannover Re reported on Wednesday a Group net income of 548.9 million euros for the third quarter of the year ending Sept. 30, despite an above-average burden of catastrophes losses. The Group net income was down from 791.9 million euros

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

Hurricanes, earthquakes contribute to Group 9M net loss of US$468 million for Swiss Re

November 3, 2017 by Canadian Underwriter

Swiss Re has reported a Group net loss of US$468 million for the first nine months of 2017, reflecting the US$3.6 billion expected insurance claims from Hurricanes Harvey, Irma and Maria, and the Mexico earthquakes. Property & Casualty Reinsurance’s and

News Earnings / RatingsInsurance

Q3 reinsurance loss ratio up 56.5 points for Arch Capital

November 2, 2017 by Canadian Underwriter

After estimating it could lose nearly $320 million due to natural catastrophes including major North Atlantic hurricanes in the three months ending September 30, Arch Capital Group Ltd. has reported its combined ratio in reinsurance deteriorated 51.5 points, from 75.9%

News AnnouncementsCatastrophesClaimsEarnings / RatingsInsuranceReinsurance

Cats a significant driver in Everest Re Group’s posting US$639.4 million net loss in 2017 Q3

October 31, 2017 by Canadian Underwriter

Losses from hurricanes Harvey, Irma, Maria (HIM) and the Mexico City earthquake contributed to Everest Re Group, Ltd. posting a US$639.4 million net loss for 2017 Q3 compared to net income of US$295.4 million for the prior-year quarter. For the

News Earnings / RatingsInsuranceMarkets / CoveragesReinsurance

Axis Capital records Q3 combined ratio of 156.9%, $617 million in cat losses

October 31, 2017 by Canadian Underwriter

Axis Capital Holdings Ltd. has had a 60-point deterioration in its third-quarter combined ratio, with US$576 million in pre-tax net losses, net of reinstatement premiums from three hurricanes alone, the Bermuda-based insurer announced. Pembroke, Bermuda-based Axis Capital, which has a

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

Hurricanes, Mexico earthquakes cost SCOR 430 million euros in Q3

October 26, 2017 by Canadian Underwriter

“An exceptional series of large natural catastrophes, with Hurricanes Harvey, Irma and Maria and earthquakes in Mexico,” has led to a cost of 430 million euros, net of retrocession and tax, for SCOR SE for the third quarter of the