Claims
Pethealth Inc. (TSX VENTURE:PTZ) recently announced a total revenue for the third-quarter ended September 30, 2005 of $3.8 million, representing a 26% increase over revenue of $3.0 million for same period last year. The Company also reported significantly greater net loss of $190,120 for the Q3 2005 as compared to the net loss of $50,419 […]
November 30, 2005
1 min read
Industry
Allianz A.G. Holding recently reported that its net income increased by 78.1% to 3.51 billion euros for the third quarter of 2005 compared to the same period last year. Allianz restated its figures for the third quarter of 2004 under International Financial Reporting Standards. The marked profit growth is a result of operating improvements in […]
The past year has resulted in the financial strengthening of the property & casualty insurance market however A.M. Best Co. recently released a report warning that it will take several more profitable years for the full balance sheet to be truly replenished after the softening of the market as the industry is still overcoming a […]
RenaissanceRe Holdings Ltd. recently revised its previously reported third-quarter results, cutting net loss for the third quarter of 2005 by $34.8 million to $71.0 million. Renaissance claims the loss was caused by related hurricane catastrophes. “A reinsurance recovery within (RenaissanceRe’s) reinsurance segment that was triggered by the publication of a final third-party industry loss estimate,” […]
Risk
The Atlantic Task Force on Insurance Availability and Affordability recently released its final November 2005 report, which recommended that risk management strategies should be made available to small businesses and volunteer-based operations in Atlantic Canada as this will help improve the availability and affordability of insurance in the area. The Insurance Bureau of Canada (IBC) […]
2 min read
A recent poll meant to assess mold’s financial impact on the real estate market indicates that 60% of builders and real estate lenders are hearing that fear of mold problems existing on a property is the reason individuals are backing out of real estate transactions. The poll, conducted by consulting firm Environmental Assurance Group (EAG), […]
Home
Boys, girls and ghouls alike gathered this ghastly October, with canned food offerings in claw, at the York Event Theatre to celebrate All Hallows Eve at Enterprise Rent-A-Car’s 4th annual Halloween costume party. Not only was the night a fabulous fright of great prizes, food and music, it also scared up a generous delight of […]
5 min read
Pet insurance revenues in North America have jumped 23% since 2004, according to the new report “Market Trends: Pet Insurance” published by the market researcher Packaged Facts. This growth is expected to continue over the next five years and Packaged Facts projects that by 2010, the pet insurance market in the U.S. and Canada will […]
Auto
Buoyed by strong underwriting results and solid investment income, ING Canada Inc. (TSX: IIC.LV) has reported a net income of $202.8 million for the quarter ended September 30, 2005, which is a 24% increase over the $163.6 million for the same period last year. “ING Canada continued to deliver impressive earnings growth in the third […]
The province of Saskatchewan recently gave Saskatchewan Government Insurance Canada $21 million to help them move into the competitive insurance industry that characterizes Alberta, according to the provincially owned Company.SGI will initiate operations in Alberta in spring 2006, at which time its Alberta-based business will sell home and property insurance through its SCISL subsidiary.SGI is […]
By Canadian Underwriter | November 30, 2005
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