Canadian Underwriter

Small figure dwarfed by a tall percentage sign
News ClaimsEarnings / RatingsMarkets / Coverages

Despite inflation easing, Intact expects ongoing hard market

February 8, 2023 by David Gambrill

Despite lower inflation, Intact Insurance is nevertheless predicting an ongoing hard market in Canada in 2023 because of higher reinsurance rates and elevated natural catastrophes. “Looking at the [Canadian P&C insurance] industry, we see hard market conditions continuing, given rising

Economic crisis and related business therms word cloud written with chalk on black board. There is a big arrow chart moving down. A businessman seen from the back is looking at the blackboard
News Commercial LinesInsuranceMarkets / CoveragesRisk

P&C industry fastening its seatbelt for risk of global recession

June 20, 2022 by David Gambrill

Fresh from emerging from a global pandemic, Canada’s P&C insurance industry is turning its mind toward the next item on its global risks list – the threat of an economic recession. Global economic recession topped the list of potential 2023

Wide Angle of General Sherman - Sequioa National Park
News BrokersEarnings / RatingsInsurance

Who was the world’s biggest brokerage in 2021?

June 7, 2022 by David Gambrill

Mirror, mirror, on the wall, who’s the biggest brokerage of them all? Marsh McLennan, with revenue of US$9.5 billion and a global market share of approximately 15.4% in 2021, said a new report by Insuramore, a London, U.K.-based insurance and

News ClaimsEarnings / RatingsInsuranceReinsurance

Why you can expect your reinsurance rates to go up on renewal

April 6, 2021 by David Gambrill

Reinsurers in Canada’s P&C industry had a rough time negotiating through COVID last year, with the sector’s overall combined ratio skyrocketing from a profitable 92.6% in 2019 to an unprofitable 103.7% in 2020. Claims costs were a major force behind