Industry

Aviva Canada sees underwriting profits plummet

Aviva Canada Inc. has reported an after-tax net income of Cdn$233 million in 2008, marking a drop from the Cdn$364 million reported in 2007.Claims for the insurer cost Cdn$2.07 billion in 2008, an increase from the Cdn$1.97 billion for the prior year.Underwriting income dropped from a profit of Cdn$29.5 million in 2007 to a loss […]

By Canadian Underwriter | April 1, 2009

1 min read

Deck Chairs on the Titanic

Based on huge loss ratios in 2008, the insurance industry expected to see fundamental reform in Ontario's auto lines. They didn't get it, so now consumers can expect to see their auto insurance premiums increase.

By David Gambrill, Editor | March 31, 2009

3 min read

Canadian Market (April 01, 2009)

ABOUT HALF OF CANADIAN P&C INSURERS POST UNDERWRITING LOSS IN 2008 More than half (55%) of the 141 insurance companies reporting 2008 year-end data to MSA Research posted an underwriting income loss for the year. Sixty-eight of the 141 companies reported a combined ratio of 100% or more. MSA Research has posted a summary of […]

March 31, 2009

2 min read

Twist of Fate

Thanks to a recent Senate appointment, Canadian insurance brokers now have access to Senator Stephen Greene, a former executive director of the Insurance Brokers Association of Nova Scotia, who has dedicated his political life to achieving an elected Senate.

By Vanessa Mariga, Associate Editor | March 31, 2009

5 min read