Industry

Berkshire Hathaway Specialty Insurance enters into transactional liability insurance market in Canada and the U.S. Berkshire Hathaway Specialty Insurance enters into transactional liability insurance market in Canada and the U.S. Image

Industry

Berkshire Hathaway Specialty Insurance enters into transactional liability insurance market in Canada and the U.S.

Berkshire Hathaway Specialty Insurance (BHSI) announced on Tuesday that it has expanded into the transactional liability insurance market in Canada and the United States. BHSI also said in a press release that it has named Robert Underhill as senior vice president, head of transactional liability. Dan Crosby has been appointed vice president, transactional liability and […]

By Canadian Underwriter | July 19, 2016

3 min read

Q1 claims costs up 48.1% at Manitoba Public Insurance Q1 claims costs up 48.1% at Manitoba Public Insurance Image

Industry

Q1 claims costs up 48.1% at Manitoba Public Insurance

Manitoba Public Insurance Corp., the crown corporation that writes auto insurance in the province, reported Friday its underwriting loss was $33.8 million during the three months ending May 31. MPI had reported underwriting income of $40.73 million in the three months ending May 31, 2015, the carrier’s fiscal first quarter. MPI’s products include Basic Autopac, […]

By Canadian Underwriter | July 19, 2016

2 min read

Global commercial insurers operating in Canada join forces to form new association Global commercial insurers operating in Canada join forces to form new association Image

Industry

Global commercial insurers operating in Canada join forces to form new association

A number of foreign-owned commercial insurers operating in Canada have come together to form the Global Commercial Insurers Association (GCIA). The Toronto-based association will provide a platform through which foreign-owned commercial insurance carriers can become informed of current regulatory developments and advocate on issues relevant to the commercial insurance industry, GCIA said in a press […]

By Canadian Underwriter | July 18, 2016

1 min read

U.S. private p&c insurers’ net income falls 26.6% in Q1 2016, combined ratio up 1.8%: Verisk U.S. private p&c insurers’ net income falls 26.6% in Q1 2016, combined ratio up 1.8%: Verisk Image

Industry

U.S. private p&c insurers’ net income falls 26.6% in Q1 2016, combined ratio up 1.8%: Verisk

Private property and casualty insurers in the United States saw their net income after taxes fall to US$13.3 billion in first-quarter of 2016 from US$18.1 billion in first-quarter 2015, a 26.6% decline, according to data from ISO, a Verisk Analytics business and the Property Casualty Insurers Association of America (PCI). Insurers’ combined ratio deteriorated to […]

By Canadian Underwriter | July 14, 2016

2 min read