Reinsurance News
Canada
Applied Systems reports Q4’25 Canadian commercial insurance premium trends
18th February 2026
Applied Systems, an insurance technology provider serving brokers, insurers and agencies, has released its fourth quarter 2025 findings from the Applied Commercial Index, which tracks premium rate movements across the Canadian commercial insurance market. The latest data indicates that the pace of premium increases continued to slow through the end of ... Read the full article
Michael Lewis succeeds Sarah Robson as President, Marsh Risk Canada
13th February 2026
Michael Lewis has been promoted to President of Marsh Risk Canada, succeeding Sarah Robson, who will continue to serve as Marsh Canada CEO. Starting April 1st, Lewis will be responsible for the strategic development and execution of Marsh Risk's commercial strategy in Canada, which covers specialty insurance broking solutions, risk consulting ... Read the full article
Udhwan appointed Head of Canada Programs at Munich Re Specialty, NA
12th February 2026
Robin Udhwan has been named Head of Canada Programs at Munich Re Specialty – North America (MRS-NA), part of the global reinsurer. A seasoned veteran of the North American insurance landscape, particularly Canada and the United States, Udhwan brings deep expertise in underwriting, operations, and strategic leadership to the role. In his ... Read the full article
Stephen Stewart named CEO of Ryan Specialty Canada Limited
5th February 2026
Ryan Specialty, an international specialty insurance firm, has appointed Stephen Stewart, President & CEO of Stewart Specialty Risk Underwriting, a Ryan Specialty managing general underwriter (MGU), to the additional role of CEO of Ryan Specialty Canada Limited. Headquartered in Toronto, Ryan Specialty Canada Limited is the newly formed Canadian operating and ... Read the full article
HDI Global Canada to accelerate marine growth under Michael Wright’s leadership
16th January 2026
HDI Global Canada has strengthened its marine proposition under Michael Wright’s leadership, who joined the Corporate & Specialty insurer in 2025 as Head of Marine for Canada. Leveraging decades of experience and a strong brokering background, the firm says that he has propelled the division forward with an innovative approach, setting ... Read the full article
Neutral sector view supported by strong capital amid higher loss variability: Morningstar DBRS
12th December 2025
DBRS Morningstar, a credit ratings agency known for independent financial analysis and sector research, states that the outlook for Canada’s property and casualty (P&C) insurance market in 2026 remains neutral. According to DBRS Morningstar, the sector continues to benefit from strong capital positions, firm underwriting practices, and cautious reserving, all of ... Read the full article
Renewal rates down across all Canada’s major commercial lines: Applied Systems
17th November 2025
Applied Systems has released the third quarter 2025 results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index, showing that average renewal rate change decreased across all of the most commonly placed commercial lines of business year over year and quarter over quarter. According to Applied Systems, the ... Read the full article
Canadian P&C insurers seek ways to transfer rising cat risk: Morningstar DBRS
7th November 2025
Morningstar DBRS has highlighted that while Canadian property and casualty (P&C) insurers remain robust, with strong capital margins and growth potential, they face a rising threat from natural catastrophes and the losses these events can cause. At Credit Outlook Toronto 2026, Marcos Alvarez, Managing Director of Global Financial Institution Ratings at ... Read the full article
AM Best reports robust 2024 performance for Canada’s L/A insurance sector
3rd November 2025
AM Best, the credit rating agency, reported that Canada’s life and annuity (L/A) insurers delivered strong results in 2024. The sector benefited from record growth in new annualised premiums, along with increased revenue from assets under management and fee-based income. According to AM Best, the outlook for the Canadian L/A market remains ... Read the full article
Ryan Specialty to acquire Canadian MGU Stewart Specialty Risk Underwriting
31st October 2025
International specialty insurance firm, Ryan Specialty, has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU), a Toronto-based managing general underwriter (MGU) specialising in underwriting large-account, high-hazard property and casualty solutions. According to the announcement, SSRU will become a part of the Ryan Specialty Underwriting Managers (RSUM) division ... Read the full article
Canada’s P&C insurers weather record cat losses while maintaining stable outlook: AM Best
27th October 2025
According to a new report from the credit rating agency AM Best, Canada’s property and casualty (P&C) insurers drew on strong capital reserves, prudent pricing, and sound risk management practices to absorb the financial effects of the country’s costliest year for natural catastrophes. AM Best notes that it is maintaining a ... Read the full article
Coalition’s excess cyber insurance launches in Quebec
17th October 2025
Coalition, an active insurer focused on preventing digital risks, has announced the launch of its Excess Cyber Insurance policies in Quebec, as well as its refreshed Excess offering across Canada. Canadian businesses, including those in Quebec, will now be able to enhance their cyber risk management with the refreshed Excess offering. Coalition’s ... Read the full article
CatIQ increases Ontario & Quebec ice storm loss estimate to CAD 416m
2nd July 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its third industry loss estimate for the ice storm that impacted Ontario and Quebec from March 28 to 31, 2025, with losses now standing at CAD 416 million. The event involved a prolonged period of wintry ... Read the full article
Reinsurers may re-evaluate Canadian exposure amid rising wildfire losses: Morningstar DBRS
10th June 2025
With Canada’s 2025 wildfire season poised to become one of the most destructive on record following a historically damaging 2024, reinsurers are likely to re-evaluate their Canadian exposure, according to a recent report by Morningstar DBRS. As of June 2025, Canada’s wildfire season is once again testing the resilience of the ... Read the full article
CatIQ estimates CAD 991m in insured damage from Toronto/Ontario July flash flooding
17th January 2025
Catastrophe Indices and Quantification Inc. (CatIQ) has disclosed its latest industry loss estimate for the flash flooding in southern Ontario between July 15-16, 2024, estimating CAD 991 million in insured damage. During July 15-16, 2024, southern Ontario and Toronto, experienced severe flash flooding due to heavy rainfall exceeding 120mm in some ... Read the full article
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