Industry
WASHINGTON – Will they or won’t they? Nine years after they last raised their benchmark interest rate and after months of feverish speculation, policymakers with the United States Federal Reserve System this week may finally raise that rate from a record low near zero. Unless they don’t. Financial markets have been zigzagging with anxiety as […]
By Canadian Underwriter | September 15, 2015
5 min read
Everest Re Group Ltd. plans to start writing insurance in the Lloyd’s market. The Hamilton, Bermuda-based insurer announced the Lloyd’s Franchise Board has approved, in principle, the creation of Everest Syndicate 2786. “The new syndicate provides Everest with a platform to expand its international insurance operation and gain access to additional business to complement its […]
1 min read
PartnerRe Ltd. announced Tuesday its board “reaffirms” its recommendation to be acquired by EXOR S.p.A. now that a “go shop” period has expired without any other acquisition proposals. Pembroke, Bermuda-based PartnerRe, which has a branch office in Toronto, writes reinsurance and commercial specialty insurance worldwide. PartnerRe announced Aug. 3 it agreed to be acquired by […]
3 min read
Commercial insurance prices in the United States increased in aggregate at a modest pace (1%) during the second quarter of 2015, notes the latest Commercial Lines Insurance Pricing Survey (CLIPS) from Towers Watson, released Monday. Comparing prices charged on policies underwritten during 2015 Q2 to those charged for the same coverage in 2014 Q2, the […]
By Canadian Underwriter | September 14, 2015
2 min read
The latest Reinsurance Market Report from Willis Re shows that significant over-capacity and widespread pricing pressure has stabilized the growth in global capital from traditional and non-traditional sources dedicated to reinsurance in 2015 H1, which remains unchanged from the US$425 billion at year-end 2014. Willis Re, the reinsurance division of Willis Group Holdings plc, reports […]
By Canadian Underwriter | September 11, 2015
4 min read
VICTORIA – A First Nation with a treaty in the heart of British Columbia’s oil and gas territory says the provincial government can’t allow energy companies to dry up streams and lakes to support fracking operations. Fort Nelson First Nation Chief Liz Logan said B.C.’s Environmental Appeal Board sided with her members and overturned a […]
By Canadian Underwriter | September 10, 2015
Bryan Bedford has joined a long list of respected leaders in Canada’s insurance industry, becoming the latest recipient of the Emerging Leader honour from the Chartered Insurance Professionals’ (CIP) Society. The Emerging Leader category is part of the CIP Society’s National Leadership Awards, created in 2009 to give prominence to the outstanding achievements of industry […]
ACE Limited has announced the leadership teams it intends to appoint for the company’s North American business units, including national accounts, middle market, small commercial, personal lines, wholesale/excess and surplus lines, Bermuda and agriculture. All of the appointments will take effect upon completion of the acquisition of Chubb, expected in the first quarter of 2016. […]
EDMONTON – Alberta’s environment minister is acknowledging the provincial government is coming under more international pressure to improve its record on climate change. “I’ve had meetings with the U.K. consul general and with the Americans as well,” Shannon Phillips told reporters Wednesday. “There’s a real appetite for Alberta to be a global leader on energy […]
By Canadian Underwriter | September 9, 2015
Developing digitally-enabled capabilities is a high priority for insurers in the United States, with initial priorities focused on improving operations like billing/payments, sales and marketing, and eService for customers and agents, according to a new study from Majesco. The report Digital Readiness in Insurance was released on Thursday and based on a survey of 45 […]
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.
