Industry

The Co-operators reports profits of $30.3 million for 2007 Q3

The Co-operators General Insurance Company reported profits of Cdn$30.3 million for 2007 Q3, compared to Cdn$18 million for 2006 Q3. The improvement was due to stronger underwriting performance, according to The Co-Operators. Gross written premium increased 4.1% to Cdn$571.9 million in 2007 Q3, compared to Cdn$549.3 million in 2006 Q3. The increase is primarily due […]

By Canadian Underwriter | November 5, 2007

1 min read

What’s New: In Brief (November 02, 2007)

Atlantic Canadians should brace themselves for Hurricane Noel, which is forecast to track across western Nova Scotia, cross the Gulf of St. Lawrence, and then move through Labrador, the Canadian Hurricane Centre warns. Hurricane Noel is on its way to becoming a powerful, post-tropical storm, but the Canadian Hurricane Centre warns it is expected to […]

By Canadian Underwriter | November 2, 2007

1 min read

Fairfax reports Q3 profits of $253.2 million

Fairfax Financial Holdings Ltd. has reported profits of Cdn$253.2 million for 2007 Q3, a dramatic increase from 2006s Q3 loss of Cdn$359.2 million. In the first nine months of 2007, net earnings increased to Cdn$532.2 million, compared to a reported profit of Cdn$68.4 million for the same period last year. Fairfax is the parent company […]

By Canadian Underwriter | November 2, 2007

1 min read

Johnson Inc. acquires Kingston-area insurance brokerage

Johnson Inc. whose parent company, The Johnson Corporation, is an autonomous member of Royal & SunAlliance has acquired Kingston-based brokerage Thomson Jemmet Vogelzang (The Insurance Centre Inc.).Thomson Jemmet Vogelzang (The Insurance Centre Inc.) is the result of an amalgamation in 2001 of the two-largest Kingston and area insurance brokers, Thomson and Jemmett Insurance Ltd. and […]

By Canadian Underwriter | November 1, 2007

1 min read