Reinsurance News

Canada

Insured losses from Canada’s April ice storms reach $190mn, reports CatIQ

14th May 2018

The ice storms which ravaged Canada’s eastern provinces of Ontario and Quebec in mid-April will cost re/insurers around CAD $190 million (USD $149 million), according to Catastrophe Indices and Quantification (CatIQ), a loss index and estimates provider. Strong winds, flooding, heavy snow, and ice build-up affected the provinces’ southern regions over ... Read the full article

April storms cause $85mn insured loss across Ontario and Quebec

3rd May 2018

The Insurance Bureau of Canada (IBC) has reported that an early April storm, which tracked across the Eastern provinces of Ontario and Quebec, has resulted in over CAD $85 million (USD $66 million) in insured losses. This figure also brings the total insured losses from severe weather damage over the past ... Read the full article

10 years of catastrophes cost Canadian re/insurers $17.4bn: CatIQ

24th April 2018

April 2018 marked the month that Canada exceeded 100 catastrophes over the span of a decade, with combined losses estimated to have cost the Canadian re/insurance industry around CAD $17.4 billion (USD $13.6 billion). Catastrophe Indices and Quantification, Inc. (CatIQ), Canada’s loss index provider, stores insured loss catastrophe data back to ... Read the full article

Urs Uhlmann leaves Zurich to become CEO, Country Manager for Canada, XL Catlin

13th March 2018

Global insurer and reinsurer XL Catlin has hired Urs Uhlmann from Zurich Canada as Chief Executive Officer (CEO), Country Manager for Canada, tasked with leading the firm's overall insurance operations in the country and its regional business strategy. Uhlmann joins XL Catlin from global insurer Zurich, where he was most recently ... Read the full article

Canada’s recent catastrophe experience “anything but quiet,” says CatIQ

4th October 2017

Catastrophe Indices and Quantification Inc. (CatIQ) has discussed the very active catastrophe experience in Canada over the last few months, a trend that could persist through the remainder of 2017. CatIQ has provided a catastrophe update for Canada for the period June, 1st 2017 to August 31st, 2017, which reveals that ... Read the full article