Industry
Crawford & Company, the Atlanta, Georgia-based independent provider of claims management solutions to insurance companies and self-insured entities, announced a “new simplified operating structure” last week. The new structure is designed to capitalize on Crawford’s competitive position, enhance the firm’s profitability and align with the global market for insurance companies, reinsurers, brokers, Lloyd’s and the […]
By Canadian Underwriter | November 30, 2015
2 min read
“Market conditions are not showing signs of imminent improvement, and if this doesn’t change, only the fittest will survive,” Lee Downham, Ernst & Young’s global mining & metals transactions leader, cautioned in a statement Friday. Globally, mining companies are factoring in “‘lower for longer’ commodity prices as leverage levels across the sector stretch balance sheets […]
4 min read
Desjardins Group has reported a 3.9-point deterioration in the third-quarter loss ratio of its property and casualty insurance segment, while gross written premiums increased 77.1%. Levis, Quebec-based Desjardins Group reported the combined ratio of its property and casualty insurance segment was 92.7% during the three months ending Sept. 30, up 7.4 points from 85.3% during […]
By Canadian Underwriter | November 26, 2015
3 min read
The worldwide demand for non-life insurance should increase in 2016 and 2017, but pressure on reinsurance profits should “drive more” mergers and acquisitions in 2015 and 2016, Swiss Re Ltd. suggested in a report announced Tuesday. In Swiss Re’s Global Insurance Review 2015 and Outlook 2016/17, the reinsurer included a table listing actual and estimated […]
By Canadian Underwriter | November 24, 2015
Global professional services company Towers Watson announced on Monday that it has issued a letter to stockholders urging them to support the merger with Willis Group Holdings. Last week, Willis announced that it had adjourned an Extraordinary General Meeting on the proposed merger. This followed Towers Watson’s decision to adjourn a Special Meeting of stockholders […]
By Canadian Underwriter | November 23, 2015
Markel Corp. announced Thursday that Thomas S. Gayner and Richard R. Whitt, III will become co-CEOs of the specialty insurance carrier effective Jan. 1. Allan Kirshner, Markel’s chairman of the board and chief executive officer since 1986, will continue to serve as executive chairman of Glen Allen, Va.-based Markel. In its annual report for 2014, […]
By Canadian Underwriter | November 20, 2015
Bermuda reinsurer and commercial insurer PartnerRe Ltd. announced Thursday its shareholders voted in favour of a takeover by EXOR S.p.A., the Turin, Italy-based investment firm that effectively controls Fiat-Chrysler Automobile. The transaction had been valued earlier at $6.9 billion. All figures are in United States dollars. “All required antitrust approvals,” of EXOR’s acquisition of PartnerRe, […]
By Canadian Underwriter | November 19, 2015
Willis Group Holdings has announced that it has adjourned an Extraordinary General Meeting (EGM) on a proposed merger with Towers Watson that was scheduled for Wednesday until Friday at 9:30 a.m. EST. The decision was made as a result of Towers Watson’s decision to adjourn a Special Meeting of Stockholders in order to provide additional […]
By Canadian Underwriter | November 18, 2015
The Co-operators Group Limited announced on Wednesday a new partnership with the Canadian Traffic Injury Research Foundation (TIRF) aimed at reducing the incidence of distracted driving in Canada. Research suggests that distracted driving is a substantial factor in road fatalities, and may be equal to or even exceed impaired driving in at least some jurisdictions […]
A total of 59% of Canadian businesses are making data analytics a strategic priority and 31% of Canadian executives already feel that analytics has better prepared their organizations to meet today’s competitive challenges, according to a new Forbes Insights report released on Monday in cooperation with Ernst & Young (EY). The 2015 EY/Forbes Insights Data […]
By Canadian Underwriter | November 17, 2015
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
