Risk

ICBC, government and police launch pedestrian safety campaign

The Insurance Corporation of British Columbia (ICBC), provincial government and police launched a pedestrian safety campaign on Wednesday. “Alarmingly, a disproportionate number of pedestrian-related crashes and injuries happen in just four months of the year – 43 per cent of all crashes that injure pedestrians happen between October and January as visibility and conditions get […]

By Canadian Underwriter | October 11, 2017

2 min read

Risk associated with domestic acts of terrorism shifting: RIMS report

While domestic terrorism has historically represented a disproportionate risk to property, relative to bodily harm, spread over numerous smaller incidents, that risk has shifted, according to a new report from RIMS, the risk management society. More recently, risk associated with domestic acts of terrorism has shifted toward fewer, high-profile events primarily involving bodily harm, said […]

By Canadian Underwriter | October 10, 2017

4 min read

Megadeals, political instability and strong equity markets deliver M&A underperformance for insurers: WTW

Insurers undertaking mergers and acquisitions (M&A) in 2016 underperformed their non-acquisitive peers for the first time since 2010, Willis Towers Watson (WTW) reported earlier this week. According to WTW’s latest Insurance M&A Performance Tracker – based on analysis of deals with a value of more than US$50 million conducted in the insurance sector – acquirers […]

By Canadian Underwriter | October 6, 2017

3 min read

2017 industry catastrophe losses could reach US$190 billion before tax: Fitch

With Hurricanes Maria, Irma and Harvey causing devastation in Puerto Rico, Florida and Texas respectively over the course of three weeks, catastrophe losses in 2017 “will constitute a capital event” for some insurance and reinsurance carriers, Fitch Ratings Inc. has warned. Ten days after Hurricane Irma made two separate landfalls in Florida, Hurricane Maria made […]

By Greg Meckbach | October 2, 2017

3 min read