Risk

MMC reports Q1 profits of Cdn$3.1 billion

Marsh & McLennan Companies Inc. (MMC) reported revenues of US$2.8 billion [approximately Cdn$3.1 billion] and a profit of $1.5 billion [approximately Cdn$1.66 billion] in its risk and insurance services during the 2007 Q1, an increase of 1% from 2006 Q1.Marshs revenues included $540 million [approximately Cdn$597 billion] in the Americas, a decline of 5% from […]

By Canadian Underwriter | May 8, 2007

1 min read

Five insurers dominate U.K. non-life market, A.M. Best finds

The United Kingdom non-life insurance market is dominated by Aviva, Royal Bank of Scotland (RBS), Royal & SunAlliance, AXA and Zurich, an A.M. Best special report finds.The U.K. is the third largest non-life market in the world. In highly commoditized lines, such as personal motor and household insurance, [we believe] larger companies are able to […]

By Canadian Underwriter | May 4, 2007

1 min read

What’s New: In Brief (May 04, 2007)

Northbridge Financial Corporation (TSX:NB), a Canadian commercial property and casualty insurance group, has announced net earnings of Cdn$45 million for 2007 Q1, compared to net earnings of Cdn$61.8 million for 2006 Q1.Underwriting profit was Cdn$18.1 million for 2007 Q1, a decline from underwriting profit of Cdn$26.3 million for 2006 Q1.The company attributed in the decline […]

By Canadian Underwriter | May 4, 2007

1 min read

What’s New: In Brief (May 02, 2007)

Those who travel globally will be better covered thanks to a new comprehensive risk management package introduced by XN Financial. The new program can be customized to meet the needs of the traveller or travelers and is not limited to health care, preferred coverage, homeowners protection and concierge services. The vast majority of domestic insurance […]

By Canadian Underwriter | May 2, 2007

1 min read