Claims

RSA reports combined ratio of 94.8% for first half of 2017 in Canada ‘despite higher large losses’ RSA reports combined ratio of 94.8% for first half of 2017 in Canada ‘despite higher large losses’ Image

Claims

RSA reports combined ratio of 94.8% for first half of 2017 in Canada ‘despite higher large losses’

RSA Insurance Group plc reported Wednesday that its net premiums written in Canada during the six months ending June 30 were 5% higher, on a constant rate of exchange basis, than in the same period in 2016. Meanwhile, in Canada, RSA’s flood coverage could be available in Quebec as soon as the end of 2017. […]

By Canadian Underwriter | August 2, 2017

3 min read

Q2 combined ratio improves 4.2 points for Intact, OneBeacon acquisition “on track to close” in 2017 Q2 combined ratio improves 4.2 points for Intact, OneBeacon acquisition “on track to close” in 2017 Image

Claims

Q2 combined ratio improves 4.2 points for Intact, OneBeacon acquisition “on track to close” in 2017

Intact Financial Corp. reported Tuesday its underwriting income was $103 million during the three months ending June 30, up $87 million from $16 million during the same period in 2016. Toronto-based Intact said direct premiums written rose 2%, from $2.458 billion in Q2 2016 to $2.5 billion in the most recent quarter. Intact attributed the […]

By Canadian Underwriter | August 1, 2017

2 min read

Ransomware, alternative crypto-currencies and increased deception tactics among key cyber threats: Accenture Security Ransomware, alternative crypto-currencies and increased deception tactics among key cyber threats: Accenture Security Image

Claims

Ransomware, alternative crypto-currencies and increased deception tactics among key cyber threats: Accenture Security

Destructive ransomware, alternative crypto-currencies and increased use of deception tactics are among the threats driving the lucrative cybercriminal marketplace, the security branch of professional services company Accenture said in a recent report. “The first six months of 2017 have seen an evolution of ransomware producing more viral variants unleashed by potential state-sponsored actors and cybercriminals,” […]

By Canadian Underwriter | July 31, 2017

3 min read

WestJet reports disclosure of rewards program data from unauthorized third party WestJet reports disclosure of rewards program data from unauthorized third party Image

Claims

WestJet reports disclosure of rewards program data from unauthorized third party

WestJet reported on Friday that it has “become aware that some WestJet Rewards member profile data has been disclosed online by an unauthorized third party.” None of the data contained credit card or banking information, Calgary-based WestJet noted in a statement, but the airline encouraged all WestJet Rewards members to update their passwords on a […]

By Canadian Underwriter | July 31, 2017

2 min read