Risk

Kingsway’s rating confirmed, trend stable

Dominion Bond Rating Service (DBRS) has confirmed the ‘BBB’ rating of Kingsway Financial Services Inc. (TSX:KFS) and its U.S. holding company, Kingsway America Inc. in a reflection of Kingsway’s successfully executed Group niche strategy.The Company’s success is a result of its focus on underwriting profitability and effective claims management, according to DBRS.DBRS adds that Kingsway’s […]

By Canadian Underwriter | February 2, 2006

2 min read

Economic capital to become key P&C issue

European regulations are establishing more common insurance industry standards and this is instigating an international push that’s moving insurers towards economic capital even in North American where there is currently no standard economic capital methodology, according to a report recently released by the Insurance and Actuarial Service (IAAS) practice of Ernst & Young LLP.The study […]

By Canadian Underwriter | February 1, 2006

2 min read

Ontario auto rates decrease again

The Financial Services Commission of Ontario (FSCO) has approved an average fourth-quarter rate decrease of 2.56% for 12 companies representing almost a quarter of the Ontario private passenger auto insurance market. The average rate decreases for the first, second, and third quarters were 1.12% (7.5% of the market), 1.62% (45.79% of the market) and 1.62% […]

January 31, 2006

2 min read

Storms wreak havoc on property, marine lines pricing

The storm season of 2006 will likely not result in a hard market along all product lines as would normally be expected after major catastrophe losses, according to a January 2006 Guy Carpenter & Company report entitled ‘U.S. Reinsurance Renewals.’ “On an industry-wide basis, it’s fair to say that the catastrophes of 2005 were an […]

January 31, 2006

2 min read