Industry

How Aviva Canada fared in the first half of 2021 

A lack of catastrophic events in the first half of 2021 and decreased personal auto and commercial claims related to COVID-19 contributed to a 6.7% improvement in Aviva Canada’s combined operating ratio (COR) in the first half of 2021 compared to the same time a year ago.   Aviva plc reported its 2021 half-year results Thursday, […]

By Jason Contant | August 13, 2021

4 min read

B.C. officials urge caution as third summer heat wave blankets parts of the province

VANCOUVER – British Columbia officials are reassuring residents that health and emergency services are ready to help people get through another heat wave this week. Public Safety Minister Mike Farnworth says Emergency Management BC is working with communities to ensure they have funding for measures such as cooling centres with targeted support for vulnerable people […]

By Jason Contant | August 13, 2021

2 min read

All major commercial lines seeing average premium renewal increases, report says

Canada’s hard market in commercial P&C is showing no signs of letting up, with all major lines seeing average premium renewal rate increases in the second quarter of 2021. “Overall, the magnitude of rate increases across all segments included in the index relative to average premium renewals in the same quarter last year is 9.12% […]

By Jason Contant | August 11, 2021

2 min read

More room for industry consolidation and Intact wants to keep growing: CFO

Intact is probably not finished acquiring more Canadian insurers even with its recent acquisition of RSA Canada. On June 1, Intact closed a three-way deal in which Intact and Tryg A/S acquired London-based RSA plc. As a result, Intact now owns former RSA operations in several nations including Canada, Britain and Ireland. During an online […]

By Greg Meckbach | August 11, 2021

2 min read