Royal & SunAlliance Canada produced an underwriting profit of $14 million for the first quarter of this year, signaling a significant turnaround in overall profitability from 2004’s first quarter underwriting gain of $1 million. The insurer saw its underwriting on personal lines recover from a $1 million loss a year ago to its current $10 million. Commercial business also performed well for the company, delivering an underwriting profit of $4 million for the latest quarter compared with the $2 million made over the same period in 2004. Overall, R&S Canada reduced its combined ratio by 3.5 percentage points to 98.5% from the 102% ratio reported at the end of last year’s first quarter.
Devil in the details: Rebuilding Jasper
All three levels of government — federal, provincial, and municipal — are discussing how to streamline the rebuild of the Town of Jasper, Alta., which has a complex, 100-year-old leasing arrangement and stringent rules around development on Parks Canada land. Because of numerous unresolved issues around rebuilding on Parks Canada land, Jasper’s reconstruction will likely […]
By David Gambrill | September 9, 2024
5 min read