Industry
In 2015, the combined ratio will be less than 100 for the third year in a row in the United States property and casualty insurance industry, where larger carriers are “leading the charge” in data analytics and usage-based insurance for private passenger auto and where commercial carriers will face challenges including “uncertainties” around risks such […]
By Canadian Underwriter | February 10, 2015
3 min read
CNA Financial Corp. reported Monday a 3.2-point improvement in its combined ratio, a 1% increase in gross written premiums in property & casualty insurance and a 10% drop in net income, from the fourth quarter of 2013 to the same period last year. In its financial results, CNA reported gross written premiums, in P&C, of […]
By Canadian Underwriter | February 9, 2015
Swiss Re Canada has a new president and chief executive officer, Veronica Scotti, effective April 1, Swiss Re announced Monday. Scotti, who will be based in Toronto, is currently a Swiss Re client executive based in Armonk, N.Y. Swiss Re Canada’s previous president and CEO, Sharon Ludlow, left the reinsurer last year to become president […]
1 min read
Some commercial insurers covering cyber risk are looking for additional information from retail clients on compliance with the payment card industry (PCI) data security standard standards, conflict in the Middle East is raising “red flags” among political risk insurers while rates for environmental coverage “remained generally flat” in 2014, despite risk associated with cleanup obligations […]
4 min read
Aspen Insurance Holdings Ltd. recently reported its gross written premiums increased 9.7% in 2014 and that its fourth-quarter combined ratio improved 24.5 points in primary insurance while deteriorating 24.1 points in reinsurance, due in part to a higher frequency of non-correlated mid-sized losses in the three months ending Dec. 31. Hamilton, Bermuda-based Aspen – which […]
PITTSBURGH – Ride-hailing service Uber is partnering with Carnegie Mellon University on a Pittsburgh research lab that both hope could lead to the development of driverless cars. Carnegie Mellon and its Robotics Institute have been working on driverless vehicles for years, and its work is part of the reason the city has successfully segued from […]
By Canadian Underwriter | February 6, 2015
Commercial insurance broker Aon plc released Friday its financial results for 2014, reporting an increase of about 0.4% in Q4 retail risk solutions revenue and a 2% increase, in revenue for the full year, to $12.045 billion. In a press release, Aon reported its fourth-quarter revenue was up 4%, from $3.209 billion in 2013 to […]
2 min read
The Allstate Corp. has released its financial results for the quarter and year ending December 31, reporting a 23% drop in fourth-quarter catastrophe losses, a 4.8% increase in property-liability insurance premiums and a 7.2% drop in underwriting income, with property-liability premiums of US$28.929 billion in 2014. For the fourth quarter, Allstate reported Feb. 4 its […]
Allied World Assurance Company Holdings AG recently announced it will offer primary general liability coverage to Canadian business clients. “The new primary general liability team will provide capacity for a wide range of business classes and will target industries including real estate, retailers, service industries, manufacturers, light/moderate chemical manufacturing and reverse flow business,” stated Zug, […]
Preliminary figures from Munich Re indicate the company’s consolidated result for 2014 is 3.2 billion euros, in line with the 3.3 billion euros the company posted in 2013. The euro was trading Friday at about $1.42. Provisional calculations for 2014 Q4 show that Munich Re had a profit of 700 million euros, down from 1.2 […]
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.
