Property and casualty insurance industry – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Wed, 20 Dec 2023 16:26:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png Property and casualty insurance industry – Investment Executive https://www.investmentexecutive.com 32 32 Aon to acquire NFP in major brokerage merger https://www.investmentexecutive.com/news/industry-news/aon-to-acquire-nfp-in-major-brokerage-merger/ Wed, 20 Dec 2023 16:26:41 +0000 https://www.investmentexecutive.com/?p=477632 NFP had recently expanded its wealth management capabilities

The post Aon to acquire NFP in major brokerage merger appeared first on Investment Executive.

]]> OSFI enhances outsourcing oversight expectations https://www.investmentexecutive.com/news/from-the-regulators/osfi-enhances-outsourcing-oversight-expectations/ Mon, 24 Apr 2023 20:24:39 +0000 https://www.investmentexecutive.com/?p=464389 Regulator's new guidance to take effect in May 2024

The post OSFI enhances outsourcing oversight expectations appeared first on Investment Executive.

]]> Massive bushfires highlight rising climate risk https://www.investmentexecutive.com/news/research-and-markets/massive-bushfires-highlight-rising-climate-risk/ Tue, 14 Jan 2020 19:01:46 +0000 https://www.investmentexecutive.com/?p=393542 More frequent, intense disasters pose a long-term threat

The post Massive bushfires highlight rising climate risk appeared first on Investment Executive.

]]> Kingsway Financial Services sells non-standard auto insurance business https://www.investmentexecutive.com/news/industry-news/kingsway-financial-services-sells-non-standard-auto-insurance-business/ Mon, 16 Jul 2018 14:25:49 +0000 https://www.investmentexecutive.com/?p=353504 The sales is expected to close in the third quarter

The post Kingsway Financial Services sells non-standard auto insurance business appeared first on Investment Executive.

]]> Economical Insurance delivers demutualization plan to OSFI https://www.investmentexecutive.com/news/industry-news/economical-insurance-delivers-demutualization-plan-to-osfi/ Tue, 26 Jun 2018 18:10:07 +0000 https://www.investmentexecutive.com/?p=352841 The plan sets out how the P&C insurer aims to convert to a public company from one owned by its policyholders

The post Economical Insurance delivers demutualization plan to OSFI appeared first on Investment Executive.

]]> Desjardins to rebrand State Farm business https://www.investmentexecutive.com/news/industry-news/desjardins-to-rebrand-state-farm-business/ Tue, 21 Nov 2017 20:30:00 +0000 https://avatar.investmentexecutive.com/uncategorized/desjardins-to-rebrand-state-farm-business/ The State Farm Canada operations acquired almost three years ago will be rebranded as Desjardins Insurance beginning next May

The post Desjardins to rebrand State Farm business appeared first on Investment Executive.

]]> Fairfax Financial sells Singapore insurance business for US$1.6 billion https://www.investmentexecutive.com/news/industry-news/fairfax-financial-sells-singapore-insurance-business-for-us1-6-billion/ Thu, 24 Aug 2017 20:45:00 +0000 https://www.investmentexecutive.com/uncategorized/fairfax-financial-sells-singapore-insurance-business-for-us1-6-billion/ The sale will net US$900 million of after-tax profit

The post Fairfax Financial sells Singapore insurance business for US$1.6 billion appeared first on Investment Executive.

]]> Wawanesa completes purchase of Western Financial, Western Life https://www.investmentexecutive.com/news/industry-news/wawanesa-completes-purchase-of-western-financial-western-life/ Wed, 05 Jul 2017 17:59:00 +0000 https://www.investmentexecutive.com/uncategorized/wawanesa-completes-purchase-of-western-financial-western-life/ There are no plans to close or relocate any of Western’s existing 157 locations or affiliates

The post Wawanesa completes purchase of Western Financial, Western Life appeared first on Investment Executive.

]]> Cyber insurance business growing rapidly https://www.investmentexecutive.com/news/research-and-markets/cyber-insurance-business-growing-rapidly/ Fri, 23 Jun 2017 14:20:00 +0000 https://www.investmentexecutive.com/uncategorized/cyber-insurance-business-growing-rapidly/ AIG, XL Group and Chubb had a combined market share of approximately 40% as of the end of 2016, new Fitch report finds

The post Cyber insurance business growing rapidly appeared first on Investment Executive.

]]> OSFI invites comment on revisions to P&C capital framework https://www.investmentexecutive.com/news/from-the-regulators/osfi-invites-comment-on-revisions-to-pc-capital-framework/ Thu, 15 Jun 2017 16:50:00 +0000 https://www.investmentexecutive.com/uncategorized/osfi-invites-comment-on-revisions-to-pc-capital-framework/ The revised guideline is out for comment until Aug. 4

The post OSFI invites comment on revisions to P&C capital framework appeared first on Investment Executive.

]]>