Canadian Underwriter

News Commercial LinesInsurance

Is the end in sight for commercial rate increases?

February 25, 2020 by Greg Meckbach

Commercial rate increases gradually became steeper in 2019 and should continue like this for some time, says Prem Watsa, chairman and CEO of Fairfax Financial Holdings Ltd. Toronto-based Fairfax, the parent company of Northbridge Financial, recently reported a 21.6% increase

News InsuranceMarkets / Coverages

Will hard market conditions persist beyond the end of next year?

November 21, 2019 by Greg Meckbach

With insurers’ returns on equity lower than normal, it’s anyone’s guess how much longer your clients are going to see price increases. “Through 2020 we will see rate increases,” said Jim Auden, Chicago-based managing director of North American Insurance at

News Insurance

Why insurers are not calling it a hard market

April 5, 2019 by Greg Meckbach

Your clients may be paying higher rates but hard market may not be the right way to describe it, speakers suggested at a recent insurance  conference. “I don’t personally know if I would call it a hard market yet. What

News InsuranceMarkets / Coverages

What commercial brokers are saying about the worrisome market turn

February 4, 2019 by David Gambrill

Whether the industry faces a hard market or simply a “market correction,” commercial lines premiums are definitely on the rise, Canadian commercial brokers reported in an online poll by Canadian Underwriter. And they are starting to get concerned about it.

News Earnings / RatingsInsuranceMarkets / Coverages

Signs of a hardening commercial market

August 20, 2018 by Greg Meckbach

Shopping around for the best deal for a business client may be getting more difficult as commercial lines prices start to uptick. Among commercial insurers, “it seems there is a little bit of tightening up on the risk appetite,” Raymond