Industry
Global mean temperature at the Earth’s surface is set to reach 1°C above pre-industrial levels for the first time, according to data from the Met Office, a weather and climate services provider based in the United Kingdom. Year-to-date (January to September) 2015 data from the hadCRUT dataset – jointly run by the Met Office and […]
By Canadian Underwriter | November 9, 2015
2 min read
Berkshire Hathaway Inc. reported Friday its estimated losses from the Tianjin, China explosions last August were $130 million, though the Q3 underwriting gain for the Berkshire Hathaway Primary Group increased 31% year over year. “In the third quarter of 2015, we recorded estimated losses of $130 million in connection with a property loss event in […]
3 min read
Total revenues for Allianz Group rose 3.5% to 95.5 billion euros in the first nine months of the year, while net income increased 3.9% to 5.20 billion euros, the Munich, Germany-based international insurer said on Friday. Allianz said that operating profit remained stable at 8.15 billion euros for the first nine months of the year […]
By Canadian Underwriter | November 6, 2015
Markel Corp. reported Wednesday its third-quarter combined ratio improved 11 points, driven mainly by favourable development on prior years’ loss reserves, while gross premium volume increased 6% due in part to higher premium volume in credit and surety reinsurance. Glen Allen, Virginia-based Markel released its financial results for the three months ending Sept. 30, reporting […]
By Canadian Underwriter | November 5, 2015
Co-operators General Insurance Company announced on Thursday today that its wholly-owned subsidiary has purchased Bando & Brown General Insurance in London, Ont., whose portfolio includes personal and commercial insurance policies. Current clients of the Bando & Brown brokerage will be notified of the change in ownership and their existing insurance coverage will remain in effect […]
Toronto-based Intact Financial Corporation has reported a net operating income for the third quarter of 2015 of $199 million, 8% higher than last year, and a combined ratio of 93.2% – unchanged from 2014. The improvement in net operating income mainly reflects higher underwriting and distribution income, Intact said in a press release on Wednesday. […]
By Canadian Underwriter | November 4, 2015
Waterloo, Ont.-based property and casualty company Economical Insurance has reported a combined ratio of 89.8% for the third quarter of 2015 ending Sept. 30, an 18.4 point improvement from its Q3 2014 combined ratio of 108.2%. The personal auto combined ratio improved over the same quarter a year ago (from 101.5% in Q3 2014 to […]
By Canadian Underwriter | November 3, 2015
4 min read
Aviva Canada announced on Tuesday the finalists of the 2015 Aviva Community Fund competition. In its seventh year, the Aviva Community Fund had over 380 submissions in at least one of the three categories: Community Resilience, Community Health and Community Development, and two funding levels: up to $50,000 and between $50,000 and $100,000. After 18 […]
What is driving the increase in automobile insurance premiums in Ontario? Fraud and legal costs are two ready and relevant answers. The provincial government must move beyond tinkering with the current no-fault system to a definitive change in direction to ensure these costs are controlled.
By William Star, President and Chief Executive Officer, Trillium Insurance Group Inc. | October 31, 2015
"It's not just about talking about the insurance industry, but it's about creating the environment for post-secondary education where people can actually graduate with some skills," Yetman emphasizes.
By Angela Stelmakowich, Editor | October 31, 2015
5 min read
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.
