Risk
A new survey out of the U.K. shows that self-employment is racing forward, but moves by small businesses to ensure they have insurance in place to address whatever risks may arise is lagging far behind. A wider spectrum of small businesses – defined as sole traders or those with fewer than nine employees – are […]
By Canadian Underwriter | August 18, 2017
3 min read
Credit rating activity for the United States’ property and casualty industry in the first half of 2017 was favourable, with upgrades outpacing downgrades, A.M. Best Company reported on Thursday. Nearly one-third of the 2017 upgrades were driven by “increased parental support, ongoing mergers and acquisitions (M&A) and the generally enhanced importance of companies within specific […]
By Canadian Underwriter | August 17, 2017
2 min read
Eight of 10 Canadians taking part in a survey from Square One Insurance Services Inc. report not properly insuring their belongings while moving to their new homes. With more than 300,000 Canadians moving to new homes in different provinces each year, Ontario had the largest portion of new residents at 27% in 2016, followed by […]
By Canadian Underwriter | August 16, 2017
The frequency of fatal accidents involving Canadian fishing vessels is too high and crew members will continue to be at risk until “the complex relationship and interdependency among safety issues is recognized and addressed,” the Transportation Safety Board of Canada said in a recent report into the death of a fishing vessel operator in 2016 […]
By Canadian Underwriter | August 11, 2017
Catastrophe bond issuance during the second quarter of 2017 totalled US$6.38 billion across 20 transactions, a new record for quarterly issuance that easily surpassed the previous record of US$4.49 billion set in Q2 2014, Aon Securities said in a new report. Aon Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon […]
By Canadian Underwriter | August 4, 2017
Arthur J. Gallagher & Co. (AJG) has reported Brokerage revenues of US$998.1 million for the second quarter of 2017, up from US$997 million in the same quarter last year. Net earnings for the Brokerage segment for the quarter ending June 30 were US$139.5 million, up from US$114.9 million in Q2 2016, Rolling Meadows, Ill.-based AJG […]
By Canadian Underwriter | July 31, 2017
Revenue for the United States and Canada division of Marsh increased to US$850 million in the second quarter of 2017 from US$804 million in the same quarter last year, Marsh & McLennan Companies (MMC) reported on Thursday. MMC, whose companies includes Marsh, Guy Carpenter, Mercer and Oliver Wyman, reported in its financial results that consolidated […]
By Canadian Underwriter | July 28, 2017
Fifteen years after four passengers drowned in an accident aboard an amphibious sightseeing vehicle across the Ottawa River from the nation’s capital, the Transportation Safety Board of Canada warned Thursday that there has “been only limited progress” on expanding the application of safety management systems “to a broader range of companies.” In its annual report […]
By Canadian Underwriter | July 24, 2017
4 min read
Beazley has launched its local environmental coverage in Canada with a product suite tailored to the specific market. The suite includes the ECLIPSE (fixed site) form, the ENVIRO (contractors’ pollution legal liability) form and the BeazleyOne (combined) form. Limits are up to $25 million, Beazley notes in an email to Canadian Underwriter. “The combination of […]
By Canadian Underwriter | July 19, 2017
TORONTO – Health Canada is conducting an investigation into the safety of wire-bristle brushes used to clean barbecues, with plans to conclude the probe by the end of the summer. The agency said the risk assessment on the brushes comes after it has received nine reports of injuries from wire bristles since 2011. The assessment […]
By Canadian Underwriter | July 18, 2017
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