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Munich Re said Wednesday it expects its combined ratio in property & casualty reinsurance will deteriorate more than eight points this year, due in part to low catastrophe losses in 2015. In a press release Wednesday Munich Re, said in P&C reinsurance, is “aiming for a combined ratio of around 98% of net earned premiums […]
By Canadian Underwriter | March 16, 2016
2 min read
Nominations are now open for the CIP Society’s 2016 Leadership Awards, the only national program of its kind that celebrates leadership among property & casualty professionals in Canada. The National Leadership Awards program honours CIP Society graduates, many of whom are influencing how the p&c insurance industry is responding to key challenges and emerging issues […]
By Canadian Underwriter | March 10, 2016
XL Catlin announced on Friday the appointment of Nick Greggains as chief executive officer of XL Catlin’s Canadian insurance operations. In his new role, Greggains leads XL Catlin’s regional business strategy and guides the development and delivery of innovative insurance solutions to domestic and international corporations in Canada. Based in XL Catlin’s Toronto office, he […]
By Canadian Underwriter | March 4, 2016
The Centre for Study of Insurance Operations (CSIO) has launched its new Technology Scorecard tool, providing member brokerages with a snapshot view of their technology adoption in comparison to the provincial average and helping encourage further tech adoption for a stronger competitive position. The tool builds on CSIO research used to develop its TLS eMail […]
By Canadian Underwriter | February 23, 2016
The Co-operators Group Limited and the Home Fire Sprinkler Coalition (HFSC) announced a formal partnership on Tuesday to advocate for and promote the installation of home fire sprinklers in new construction of homes in Canada. The HFSC said in a press release from The Co-operators that although fire sprinklers may be visible in a hotel […]
Waterloo, Ont.-based Economical Insurance reported on Friday a combined ratio of 97.4% for the full-year 2015, a 4.7 point improvement from the 2014 combined ratio of 102.1%. For the fourth quarter of 2015, ending Dec. 31, 2015, the combined ratio improved one point to 98.5% from 99.5% in Q4 2014. Economical said in a press […]
By Canadian Underwriter | February 21, 2016
4 min read
Drone technology offers the promise of bringing loss assessment and customer service to new heights. But meeting these lofty goals requires down-to-earth considerations, including Canada's existing legislative framework for unmanned aerial vehicles, which presents some challenges for developing an effective use strategy.
By Jim Eso, Senior Vice President, Property and Casualty, Crawford & Company (Canada) Inc. | January 31, 2016
6 min read
An initiative born of the need to standardize items appearing on the first notice of loss (FNOL) assignment from the insurer to the repairer – first announced at last year’s Canadian Collision Industry Forum (CCIF) – is kicking into gear, with several insurers expected to adopt the new approach by mid-2016. “Insurers involved are committed […]
By Canadian Underwriter | January 31, 2016
NORTH MIDDLESEX, Ont. – The president of the Ontario Federation of Agriculture says barn fires are a harsh reminder of the dangers of farming. More than 2,000 pigs died early Tuesday in a barn fire north of London, Ont., and while the barn was destroyed, Ontario Provincial Police say no people were hurt in the […]
By Canadian Underwriter | January 19, 2016
ACE Limited and the Chubb Corporation announced on Wednesday that they have received all the regulatory approvals needed for ACE’s acquisition of Chubb, “a transaction that will create the world’s largest publicly traded property and casualty insurer,” according to ACE. The acquisition was announced on Canada Day 2015 and valued at approximately US$29.7 billion, based […]
By Canadian Underwriter | January 13, 2016
3 min read
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