According to a recent survey of reinsurers’ statutory underwriting results, a group of 24 property-casualty reinsurers wrote US$6.6 billion of net premiums during the three months ended March 31, 2006. The report, conducted by the Reinsurance Association of America (RAA), indicates that the reinsurers’ combined ratio was 98.4%, a sight increase over the combined ratio […]
June 30, 2006
1 min read
Private damage insurers in 2005 collected CD$7.1 billion in premiums in Qubec almost the same level as the CD$7 billion collected in 2004, according to a recent report to Quebec’s National Assembly. “The damage insurance business in Qubec was therefore stable in 2005,” according to the report, prepared by the Autorit des marchs financiers (AMF).The […]
By Canadian Underwriter | June 26, 2006
1 min read
Insurers recently offered support and appreciation for a special brochure called Insuring Old Homes in Nova Scotia.”We’re pleased that anyone in Nova Scotia who owns a heritage home has more information today on the insurance options available to them,” Don Forgeron, vice-President, Atlantic, Insurance Bureau of Canada (IBC), says. “This brochure helps get out the […]
By Canadian Underwriter | June 23, 2006
1 min read
The Co-operators Group Ltd. recently launched a Claims Guarantee that is meant to address Canadian consumer uncertainty in the insurance company.”Some people hesitate before making an insurance claim or even asking questions about their coverage,” Kathy Bardswick, president and CEO, the Co-Operators, says. “They’re not sure what to expect during the claims process or whether […]
By Canadian Underwriter | June 16, 2006
2 min read
Celebrating 25 years of "fun" at Peace Hills Insurance
May 31, 2006
6 min read
According to a recent survey of reinsurers’ statutory underwriting results, a group of 24 property-casualty reinsurers wrote US$6.6 billion of net premiums during the three months ended March 31, 2006.The report, conducted by the Reinsurance Association of America (RAA), indicates that the reinsurers’ combined ratio was 98.4%, a sight increase over the combined ratio of […]
By Canadian Underwriter | May 26, 2006
1 min read
The Globe and Mail has named CNA Canada among its Top 20 small/medium-sized companies to work for in Canada.In partnership with the Queen’s School of Business and Hewitt Associates, a global HR outsourcing and consulting firm, the Globe did a survey last summer of 79 organizations from across the country. CNA Canada and its 120 […]
By Canadian Underwriter | May 19, 2006
1 min read
Aviva Insurance Company of Canada, Scottish & York and Traders General Insurance Company, all Aviva Canada Inc. (Aviva) member companies, are rewarding drivers in Quebec who choose to be kind to the environment with an automatic 10% discount on their Aviva auto policy premium.Effective June 1, 2006, upon sign-up, Aviva policyholders in Quebec who drive […]
By Canadian Underwriter | May 17, 2006
1 min read
Insurance industry mergers and acquisitions increased in 2005 to the highest level since 2001 and may foreshadow an acceleration of activity this year and the next, according to a new study by Hartford, Connecticut-based Conning Research and Consulting, Inc.The study is entitled: Mergers & Acquisitions and Public Equity Offerings-Fasten Your Seat Belts!”There are a number […]
By Canadian Underwriter | May 16, 2006
1 min read
Odyssey Re Holdings Corp. (NYSE: ORH) has elected Peter M. Bennett to serve on its board of directors. Mr. Bennett has more than 40 years of experience in the insurance industry. He was president of Canadian International Reinsurance Brokers from 1972 until 1984, when that company merged with LeBlanc Eldridge Parizeau to become BEP International. […]
By Canadian Underwriter | May 5, 2006
1 min read