Industry
Nearly half of insurance professionals recently surveyed said either credit card payment processors or national retail chains are the “most hazardous” classes of business to insure for cyber risk, but only 4% said regulatory or Payment Card Industry compliance was the most important information to consider when underwriting that risk, according to a recent report […]
By Canadian Underwriter | October 31, 2014
2 min read
Aon has reported net income attributable to shareholders of $309 million for the quarter ended Sept. 30, up from $256 million in the same period of 2013. Total revenue in the quarter also saw 3% organic growth year-over-year to $2.9 billion. For the first nine months of the year, net income attributable to shareholders jumped […]
AXIS Capital Holdings Ltd. has reported a net income of $279 million for the three months ended Sept. 30, up from $137 million in the same period last year. Net income available to common shareholders for the first nine months of the year totaled $607 million, up from $512 million in the same period of […]
By Canadian Underwriter | October 30, 2014
Allied World North America has expanded its professional lines business by launching a new mergers and acquisitions (M&A) line for the Canadian market. Kent Paisley, senior vice president and head of specialty lines in Canada, will be the point of contact for the Canadian M&A business. Paisley is based in Allied World’s Toronto office. The initial product […]
1 min read
Arch Capital Group Ltd. has reported a net income (available to common shareholders) of $223.2 million for the third quarter ended Sept. 30, up from $109.3 million in the same period of 2013. The company also reported after-tax operating income available to common shareholders of $142.1 million for the quarter, compared with $149.2 million for […]
WINNIPEG – An internal report from Aboriginal Affairs and Northern Development Canada estimates it will take a $28-million injection of federal funding to reduce the number of deadly fires on Manitoba reserves, but only a fraction of that amount has been approved. In an department quarterly report from December 2011, obtained by The Canadian Press […]
4 min read
The commercial property/casualty market in the United States appeared to stabilize in 2014 Q3, with negligible price increases overall, note the results of a new survey released Wednesday by the Council of Insurance Agents & Brokers (CIAB). On average, small, medium and large accounts in the third quarter of 2014 rose an average of only […]
3 min read
More than 200 cargo theft incidents occurred in the United States in the third quarter of the year, FreightWatch International reported Wednesday. In the quarter, the organization recorded 194 194 Full-Truckload (FTL) cargo thefts and 14 Last-Mile Courier thefts for a total of 208 incidents in the U.S. Seventy FTL thefts occurred in July, 76 […]
By Canadian Underwriter | October 29, 2014
Four recipients of this year’s John E. Lowes Insurance Education Fund Scholarships were announced by the Insurance Institute of Ontario during its annual Lowes Fund Breakfast event in downtown Toronto Wednesday. The fund – a charitable trust dedicated to helping Ontario students complete their full-time post-secondary education, including the study of property and casualty insurance […]
Aon has launched an Ebola response product available to all health care institutions, which features worldwide coverage on cases brought in the United States. Negotiated in partnership with Hiscox, the product covers scenarios where existing liability programs may not apply and provides up to $25 million of liability coverage. It is available exclusively through Aon […]
By Canadian Underwriter | October 28, 2014
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