Industry
TORONTO – Fairfax Financial Holdings Ltd. booked a big loss for the third-quarter after it suffered claims losses and big deficits in its stock hedges. The insurance and investment company, which has made a conditional takeover offer for smartphone maker BlackBerry, said Thursday its losses ballooned to US$569.1 million, compared with a profit of US$35.7 […]
By The Canadian Press | November 1, 2013
2 min read
eDocs is the first business activity to be available for certification under the Centre for Study of Insurance Operations' new national certification program. While the eDocs standard is meant to save time and money for brokers and insurers alike, certification is expected to enhance those efficiencies.
By Hans Gantzkow, Senior Architect and Analyst, Centre for Study of Insurance Operations | October 31, 2013
4 min read
Swiss Re Ltd. released Thursday a report which predicts that as the population of the world’s cities increase, there will also be an increase in demand for various lines of property and casualty insurance, including home, auto and liability. In its fifth Sigma report of 2013, titled Urbanisation in emerging markets: boon and bane for […]
By Canadian Underwriter | October 31, 2013
Personal vehicles are nearly twice as likely to be vandalized on Halloween than on an average day, according to the Highway Loss Data Institute in the United States. That’s based on an analysis of comprehensive coverage insurance claims for vandalism between 2008 and 2012, with data supplied by 28 companies representing two-thirds of the insurance […]
1 min read
The Allstate Corp. reported Wednesday its property and liability insurance premiums for the three months ending Sept. 30 were $6.97 billion, up from $6.697 billion during Q3 2012. All figures are in U.S. currency. Allstate reported its total revenues for the latest quarter were $8.465 billion and net earnings were $316 million. During the third […]
XL Group plc’s (NYSE: XL) released Wednesday its financial results for the quarter ending Sept. 30, reporting a drop in reinsurance premiums and an increase in primary insurance premiums due in part to “strong new” business in North America. The insurance and reinsurance carrier recorded gross written premiums in property and casualty of $1.61 billion […]
The National Insurance Crime Bureau released Wednesday statistics on thefts of sporty vehicles in the United States, with the Chevrolet Camaro, Ford Mustang and Dodge Challenger leading the pack. Between Jan. 1, 2009, and Dec. 31, 2012, a total of 3,780 sporty vehicles were reported stolen in the U.S., NICB stated in a press release. […]
By Canadian Underwriter | October 30, 2013
Willis Group Holdings plc posted a net loss from continuing operations of $27 million in the third quarter of 2013, but reports that organic growth continues to increase. The $27 million net loss from continuing operations was reported after Willis Group recorded a $60 million loss related to early extinguishment of debt and an expense […]
Arthur J. Gallagher & Co. released Tuesday its financial results for the quarter ending Sept. 30, recording a 26.9% increase in revenue year over year. During the latest quarter, the Itasca, Ill.-based insurance brokerage and risk management firm recorded revenues of $835.8 million. During the same period in 2012, revenues were $650.4 million. All figures […]
The Insurance Institute of Ontario announced Wednesday this year’s recipients of the John E. Lowes Insurance Education Fund Scholarships. The fund, named in honour of the founding partner of Irwin, Sargent & Lowes Insurance Brokers, is a charitable trust that offers up to four scholarships per year. Wayne Briggs, chair of the John E. Lowes […]
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.
