Canadian Underwriter


News CatastrophesMergers and AqcuisitionsReinsurance

Capital markets could help transfer U.S. flood risk to private market: Artemis

July 19, 2017 by Canadian Underwriter

The “glut of reinsurance capital and interest from capital markets” could help the United States government reform its flood insurance subsidy program by making the heavily-indebted National Flood Insurance Program a “much smaller insurer of last-resort,” Artemis.bm suggested Wednesday on

News CatastrophesInsuranceLegislation / RegulationReinsurance

Reinsurance Association of America calls for increased competition in U.S. flood insurance

June 1, 2017 by Canadian Underwriter

The Reinsurance Association of America is calling on the U.S. government to encourage private-sector insurers to compete with the National Flood Insurance Program, which is scheduled to expire Sept. 30. NFIP was created in 1968. A property cannot qualify for

News CatastrophesEarnings / RatingsInsurance

P&C reinsurance premiums down 17.6% for Swiss Re

May 4, 2017 by Canadian Underwriter

Swiss Re Ltd. reported Thursday a 2.3-point increase in its first-quarter combined ratio, as the reinsurer expects more than $300 million in claims from Cyclone Debbie, which caused widespread flooding in late March in Australia. Zurich-based Swiss Re released May

News InsuranceReinsurance

Global reinsurance loss ratio up 7.1 points in first six months of 2016: A.M. Best

September 7, 2016 by Canadian Underwriter

The loss ratio in the global reinsurance market was two points higher during the first six months of this year than the five-year average, while in 2015, Paris-based SCOR SE overtook Omaha, Neb.-based Berkshire Hathaway in A.M. Best Company Inc.’s

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 Insurance

Combined ratio up 7.9 points at Allied World

April 21, 2016 by Canadian Underwriter

Allied World Assurance Company Holdings AG reported Tuesday its combined ratio deteriorated 7.9 points, from 88.1% during the first quarter of 2015 to 96% in the three months ending March 31, while net premiums written dropped 8.9%. Zug, Switzerland-based Allied

News CatastrophesInsurance

$25B in outstanding cat bonds as of March 31: Aon Benfield

April 21, 2016 by Canadian Underwriter

Overall investor demand remains high in the insurance-linked securities market, with US$2.215 billion in new issuance of catastrophe bonds – one of which covers Canadian earthquake risk – in the first three months of 2016, Aon plc reported Wednesday. Chicago-based