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Premiums drop 7.4% at Arch Capital

February 10, 2016 by Canadian Underwriter

Insurance carrier Arch Capital Group Ltd. reported Tuesday its financial results, reporting an 8.6% drop in underwriting income and a 1.2-point increase – to 88% – in its combined ratio. Hamilton, Bermuda-based Arch reported net premiums written of $3.35 billion

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Canadian commercial insurance prices in Q3 2015 show first decrease since Q3 2011: Willis Towers Watson survey

January 28, 2016 by Canadian Underwriter

Canadian commercial insurance prices in aggregate for the third quarter of 2015 have shown the first quarter of decrease since Q3 2011, according to the latest Willis Towers Watson (WTW) Commercial Lines Insurance Pricing Survey (CLIPS) – Canada. “Commercial insurance

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Signature Risk Partners acquires South Western Insurance Group’s golf insurance practice

January 14, 2016 by Canadian Underwriter

Toronto-based Signature Risk Partners Inc. has announced that it has purchased the commercial golf club insurance program business from South Western Insurance Group Limited, which has offices in Toronto, Quebec and Vancouver. Signature announced the acquisition this week, noting that


Commercial Umbrella

December 8, 2015 by rosemary

Dates March 8 2016 City Toronto, Ontario, Canada Contact Name Tracey Blouin Local Phone 416-488-7422 Tollfree Phone 1-800-268-8845 Email Website Main Body (2 Technical Hours) Attain information on the use, needs and coverage available for umbrella and excess

News InsuranceLegalMergers and Aqcuisitions

Alberta judge issues temporary injunction against all Uber drivers in Calgary

November 23, 2015 by Canadian Underwriter

The Court of Queen’s Bench of Alberta has issued a temporary injunction against drivers offering rides for a fee in Calgary using the Uber app. Justice G. H. Poelman issued the injunction to run until a full hearing on Dec.

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Grandisson next president of Arch Capital

November 11, 2015 by Canadian Underwriter

Bermuda insurer Arch Capital Group Ltd. announced Wednesday it has promoted Marc Grandisson to the position of president and chief operating officer effective Jan. 1. Grandisson is currently chairman and chief executive officer of Arch Worldwide Reinsurance and Mortgage Groups.

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Arch reports growth in construction insurance business, increase in attritional large losses in reinsurance

October 29, 2015 by Canadian Underwriter

Arch Capital Group Ltd. has reported a 2.2-point improvement in its Q3 insurance combined ratio and a 5.8-point deterioration in its reinsurance combined ratio, while Q3 gross written premiums increased 3.5% year over year. Hamilton, Bermuda-based Arch released Wednesday its

Feature Claims CanadaInsurance

The Path Forward

September 30, 2015 Craig Harris, Freelance Writer

With more “boots on the ground,” CIAA president Fred Plant says the time is right for a renewed commitment to the key issues facing front-line adjusters.

6 Bernard McNulty, head of claims, Canada, Allianz Global Corporate & Specialty

Moves and Views

August 1, 2015 by Canadian Underwriter

1 Paul Taylor [1a] assumed duties as president and chief executive officer of Western Financial Group July 6. Taylor will oversee Western Financial’s network of insurance brokerages, as well as lead all company business units, including Western Financial Group Insurance

Feature LegalMergers and Aqcuisitions

Learning to Share

June 1, 2015 Craig Harris, Freelance Writer

The “sharing economy” of services like Uber and Airbnb represents a murky area for property and casualty insurance. Brokers, insurers and regulators in Canada have issued warnings about the gaps in coverage as the lines blur between personal and commercial usage of property and vehicles. The trench fighting about insurance deficiencies masks a bigger issue – the growing popularity of these unique shared economic services will require a new approach to risk and rate assessment.



May 1, 2015 by Canadian Underwriter

CANADIAN MARKET Zurich Canada launches drone insurance package Zurich Canada has launched a new drone insurance product that it maintains “closes an important coverage gap” for companies already making use of drones. Developed in partnership with Global Aerospace Underwriting Managers Limited


Ports of Call

March 1, 2015 Thomas Ptacek, Senior Vice President, Marsh USA Inc.; and George Boire, Environmental Practice Leader, Marsh Canada Limited

With the growth in oil traffic activity, environmental risks at ports and terminals are also on the rise. That said, a solid understanding of current conditions and potential risks can help with identifying what insurance solutions will help address and minimize any related loss.