C A N A D A’ S I N S U R A N C E A N D R I S K M A G A Z I N E . C A N A D I A N U N D E R W R I T E R . C A
2011 STATISTICAL ISSUE Plowing On Through BY GLENN McGILLIVRAY
JUNE 2011 A Business Information Group Publication #40069240
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Coast to Coast, we’ve got you covered GroupOne is a national wholesale intermediary that provides underwriting solutions and niche products to our network of brokers across Canada in need of placing standard, non-standard and hard to place commercial property and liability risks. WE ARE Leaders in Standard and Specialty Underwriting WE ARE Hospitality Specialists WE ARE Committed to our Brokers WE ARE Committed to Excellence WE ARE GroupOne
www.GroupOneU.com STANDARD & NON-STANDARD COVERAGES SPECIAL LIABILITY COVERAGES HOST HOSPITALITY COVERAGES ERRORS & OMMISIONS COVERAGES BUILDERS RISK
Group One Montage a.indd 1 p 002 Group One Ad.indd 2
3601 Highway 7 East, Suite 905 Markham, Ontario L3R 0M3 Tel: 905-305-0852 Toll-Free: 1-888-489-2234 Fax: 905-305-9884 Toll-Free: 1-877-302-7822 Email: insureit@grouponeu.com
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VOL. 78, NO. 6, JUNE 2011
Index To Company Tables
8, 10
Index To Reinsurance Companies
12
Index To Life Insurance Companies
14
Editorial Summary
18
How The Private Companies Rank (Total Business) N.P.W.
32, 34
Companies Total Business N.P.W. By Company Name
36
How The Private Companies Rank (Property) N.P.W.
38
How The Private Companies Rank (Automobile) N.P.W.
40
2010 Underwriting Results Table — General Companies
42, 44, 45
Total Direct Written Business — By Province
46, 48, 49
Direct Written Auto — By Province
50, 52
Five Year Record By Classes
53
2010 Reinsurance Results Table
54
2010 Underwriting Profit Producers
59
2010 Underwriting Loss Producers
59
Direct Written Property — By Province
Senior Publisher Steve Wilson steve@canadianunderwriter.ca (416) 510-6800 Editor Cathy Donaghy cathy@canadianunderwriter.ca (416) 510-6840 Account Manager Michael Wells michael@canadianunderwriter.ca (416) 510-5122 Advertising Sales Christine Giovis christine@canadianunderwriter.ca (416) 510-5114
Art Director Sheila Wilson Art Consultation Pylon.ca Production Manager Gary White (416) 510-6760 Print Production Manager Phyllis Wright President Bruce Creighton Vice President Alex Papanou
56, 58
2010 Total Insurance In Canada By Nationality Of Company
68
2010 Automobile Insurance In Canada By Nationality Of Company
68
2010 Property Insurance In Canada By Nationality Of Company
68
2010 Remaining Coverages In Canada By Nationality Of Company
68
2010 Total Insurance In Canada By Type Of Company
69
2010 Automobile Insurance In Canada By Type Of Company
69
2010 Property Insurance In Canada By Type Of Company
69
2010 Remaining Coverages In Canada By Type Of Company
69
2010 Canadian Underwriting Experience By Companies
70
2010 Reinsurance Companies Results
116
2010 Provincial Government Insurers
124
2010 Life Insurance In Canada
126
LEADING COMPANIES — DIRECT WRITTEN BASIS
Accident & Sickness
66 Legal Expense
66
Aircraft
67 Liability
67
Boiler & Machinery
66 Marine
66
Credit
66 Mortgage
66
Credit Protection
66 Other Approved Products
66
Fidelity
66 Surety
67
Hail
66 Title
67
Associate Publisher Paul Aquino paul@canadianunderwriter.ca (416) 510-6788
Canadian Underwriter is published thirteen times yearly (monthly + the Annual Statistical Issue) by Business Information Group, a division of BIG Magazines LP, a leading Canadian information company with interests in daily and community newspapers and business-to-business information services. Business Information Group is located at 12 Concorde Place Suite 800, North York, ON, M3C 4J2. Phone: (416) 442-5600. All rights reserved. Printed in Canada. The contents of this publication may not be reproduced or transmitted in any form, either in part or in full, including photocopying and recording, without the written consent of the copyright owner. Nor may any part of this publication be stored in a retrieval system of any nature without prior written consent. © Published monthly as a source of news, technical information and comment, and as a link between all segments of the insurance industry including brokers, agents, insurance and reinsurance companies, adjusters, risk managers and consultants. Privacy Notice From time to time we make our subscription list available to select companies and organizations whose product or service may interest you. If you do not wish your contact information to be made available, please contact us via one of the following methods: Phone: 1-800-668-2374 Fax: 416-442-2191 E-mail: jhunter@businessinformationgroup.ca Mail to: Privacy Officer, 12 Concorde Place., Suite 800, North York, ON, M3C 4J2 Subscription Rates: 2010 Canada 1 Year $ 49.95 plus applicable taxes 2 Years $ 73.95 plus applicable taxes
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Elsewhere 1 Year $73.95 Annual Statistical Issue (included with above subscription) Or separately: $ 38.00 plus applicable taxes
LEADING COMPANIES IN THE PROVINCES — DIRECT WRITTEN PREMIUMS
Total Business
60, 61
Property
62, 63
Automobile
64, 65
PAP Registration No. 11098 We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund (CPF) for our publishing activities.
ISSN Print: 0008-5251 ISSN Digital: 1923-3426
To Order Extra Copies Of This Publication Call Customer Service 1-800-668-2374 6
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 7:46 AM
In 1986, 68 of the world’s largest companies joined together to create a solution for their unmet risk management needs. That solution was XL. Today, as we celebrate our silver anniversary, XL remains the company clients look to for innovative insurance and reinsurance solutions for their most complex risks. thank you to our partners, producers and clients for your continued support and business and to our XL colleagues whose hard work and dedication helped to make a pioneering idea into a great re/insurance company. We look forward to forging solutions together in the next 25 years.
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17/05/11 7:52 AM
COMPANY INDEX ACE INA Insurance
70
Great American Insurance Company
88
Affiliated FM Insurance Company
70
Green Shield Canada
88
Alberta Motor Association Insurance Company
70
The Guarantee Company of North America
88
Allianz Global Risks US Insurance Company
72
Hanover Insurance Company
88
Allstate Insurance Company Of Canada
72
Hartford Fire Insurance Company
90
American Bankers Insurance Company of Florida
72
ICAROM PLC
90
American Road Insurance Company
74
Industrielle Alliance Compagnie D’Assurances Generales
90
Antigonish Farmers’ Mutual Fire Insurance Company
74
Intact Financial Corporation
90
Arch Insurance Company
74
Jevco Insurance Company
92
Aviva Canada Inc.
72
The Kings Mutual Insurance Company
92
AXA Canada Inc. – Group of Companies
74
Legacy General Insurance Company
92
Berkley Insurance Company
76
Liberty Mutual Insurance Company
92
The Boiler Inspection & Insurance Company Of Canada
76
Lloyd’s Underwriters
94
CAA Insurance Company (Ontario)
76
Lombard Canada Group
97
Canadian Direct Insurance
76
Lumbermens Mutual Casualty Company
94
La Capitale Compagnie D’Assurance Generale
77
Lumbermen’s Underwriting Alliance
94
Chartis Insurance Company of Canada
78
Markel Insurance Company Canada
97
Chubb Insurance Company of Canada
78
The Mearie Group
94
Clare Mutual Insurance Company
78
Mennonite Mutual Fire Insurance Company
96
CNA Canada Group
77
Mitsui Sumitomo Insurance Company Limited
96
Motors Insurance Corporation
96
The Mutual Fire Insurance Co. Of British Columbia
96
Northbridge Financial Corporation
97
North Waterloo Farmers Mutual Insurance Company
98
Old Republic Insurance Company of Canada
98
Omega General Insurance Company
98
Ontario Mutual Insurance Association
99
Ontario School Board’s Insurance Exchange
99
Optimum General Inc.
99
Pacific Coast Fishermen’s Mutual Marine Insurance Company
99
Coachman Insurance Company
106
Commonwealth Insurance Company
97
Co-operative Hail Insurance Company Limited
78
Co-operators General Insurance Company
80
Cumis General Insurance Company
80
Desjardins General Insurance Group
80
The Dominion Of Canada General Insurance Company
80
Echelon General Insurance Company
82
The Economical Insurance Group
82
Employers Insurance Company Of Wausau
82
Pafco Insurance Company
100
Le Groupe Estrie-Richelieu Compagnie D’Assurance
82
Peace Hills General Insurance Company
100
Euler Hermes American Credit Indemnity Company
84
Pearl Assurance PLC
100
Everest Insurance Company Of Canada
84
P.E.I. Mutual Insurance Company
100
Factory Mutual Insurance Company
84
Pembridge Insurance Company
102
FCT
84
Pool Insurance Company
102
Federated Insurance Company Of Canada
98
The Portage La Prairie Mutual Insurance Company
102
Fundy Mutual Insurance Company
86
The Insurance Company Of Prince Edward Island
106
GCAN Insurance Company
86
RBC General Insurance Company
104
Gore Mutual Insurance Company
86
RBC Insurance Company of Canada
104
Grain Insurance & Guarantee Company 8
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86
(Continued On Page 10)
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 7:54 AM
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mUniCipaL LiabiLity
generaL LiabiLity
aUto injUry
boiLer & maChinery
bUiLders risk
Wrap Up LiabiLity
poLLUtion
transportation
CoUrse of ConstrUCtion
fine arts & jeWeLLers bLoCk
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CommerCiaL property
mining and oiL & gas
professionaL LiabiLity
25/05/11 4:56 PM
COMPANY INDEX
(Continued From Page 8)
Red River Valley Mutual Insurance Company
104
TIG Insurance Company
109
RSA Canada Group
102
The Tokio Marine & Nichido Fire Insurance Company Limited
110
Saskatchewan Mutual Insurance Company
104
Travelers Canada
110
Security Insurance Company of Hartford
105
Trisura Guarantee Insurance Company
110
SGI Canada
105
Triton Insurance
110
SGI Canada Group
105
L’Unique Compagnie D’Assurances Generales
112
SGI Canada Insurance Services
106
Utica Mutual Insurance Company Limited
112
The Wawanesa Mutual Insurance Company
112
Sompo Japan Insurance Inc.
105
Western Surety Company
112
The Sovereign General Insurance Company
106
XL Insurance
114
SSQ, Societe D’Assurances Generales Inc.
108
York Fire & Casualty Insurance Company
114
State Farm Fire & Casualty Company
108
Zurich Insurance Company Ltd (Canadian Branch)
114
State Farm Insurance Company
108
State Farm Mutual Automobile Insurance Company
108
Stewart Title Guaranty Company
109
TD General Insurance I HIRE JOB DONE horiz 2
Temple Insurance Company
109 5/11/09
1:41 PM
Page 1
109
Get the job. Done. TM
FOUND MY JOB AT
10
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
25/05/11 4:24 PM
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E2Value
REINSURANCE COMPANIES Alea (Bermuda) Ltd.
116
Promutuel Reassurance
120
Aspen Insurance UK Limited
116
Scor Canada Reinsurance Company
121
Caisse Centrale de Reassurance
116
Swiss Reinsurance Company Ltd.
121
Endurance Reinsurance Corporation Of America
116
Swiss Reinsurance Group
121
Everest Reinsurance Company
118
T.H.E. Insurance Company
122
Farm Mutual Reinsurance Plan
118
The Toa Reinsurance Company of America
122
General Reinsurance Corporation
118
Transatlantic Reinsurance Company
122
Hannover Ruckversicherung AG
118
Westport Insurance Corporation
121
MAPFRE Re Compania De Reaseguros, S.A.
119
White Mountains Re America
122
Munich Reinsurance America Inc
119
XL Reinsurance America, Inc. Canadian Branch
124
Munich Reinsurance Company Of Canada
120
Munich Reinsurance Canada Group
120
Nipponkoa Insurance Company Limited
120
PROVINCIAL GOVERNMENT INSURERS
Odyssey America Reinsurance Corporation
120
Saskatchewan Auto Fund
124
Insurance Corporation of British Columbia
124
I HIRE JOB DONE horiz 1
Partner Reinsurance Company of the U.S.
5/11/09
1:41 PM
Page 1
120
Get the job. Done. TM
T JOB A Y M D FOUN
12
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 7:55 AM
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LIFE INSURANCE COMPANIES Aetna Life Insurance Company
126
SCOR Global Life
127
American Health & Life Insurance Company
126
State Farm International Life Insurance Company Ltd.
127
Assurant Life of Canada
126
Sun Life Assurance Company Of Canada
127
AXA Assurances Inc.
126
Transamerica Life Insurance Company Of Canada
128
Canadian Premier Life Insurance Company of Canada
126
L’Union-Vie, compagnie mutuelle d’assurance
128
Canassurance, compagnie d’assurance-vie inc.
126
The Wawanesa Life Insurance Company
128
Cigna Life Insurance Company Of Canada
126
Combined Insurance Company of America
126
Connecticut General Life Insurance Company
126
Faithlife Financial
126
General American Life Insurance Company
127
Gerber Life Insurance Company
127
Hartford Life Insurance Company
127
Life Insurance Company Of North America
127
Primerica Life Insurance Company Of Canada
127
Reliable Life Insurance Company
127
RGA Life Reinsurance Company Of Canada
127
The insu
Alla
Sess • Ti • M Pa Stu • Gl Pa • Gl • Th • Ca Pa • Re •M Pa • Fig Pa • Su (M • De
Disaster Restoration Services
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25/05/11 3:54 PM
WHERE INDUSTRY LEADERS MEET
2 11 S e p t e m b e r 2 5 - 2 7 , 2 0 1 1 - B a y s h o r e We s t i n , Va n c o u v e r
Register Now at www.niccanada.com The NICC is Canada’s pre-eminent insurance conference attended by senior executives of insurers, brokers, reinsurers, risk managers, regulators and industry associations. Together with our senior advisory committee of industry CEO’s, we are once again making the NICC a can't miss industry leadership event. Social events include a pre-conference golf tournament, a high-quality spousal program, an opening night cocktail reception, a gala dinner and exciting post-dinner entertainment featuring one of the world's top comedians, Rich Little. Allan Gregg – Conference M.C. Sessions and speakers include: • Tiff Macklem, Senior Deputy Governor of the Bank of Canada • Modernization of the Regulatory Regime – Moderator: Robert McDowell (Fasken). Panelists: Bernard Dupont (OSFI), Jim Falle (Aviva), Carolyn Rogers (FICOM BC); Stuart Carruthers (Stikeman) • Global Reinsurance Panel – Moderator: Peter Zaffino (Guy Carpenter). Panelists: Henry Klecan (SCOR), Marty Becker (Alterra Capital), Costas Miranthis (Partner Re) • Global Economic Outlook – Josh Feinman, Chief Economist, Deutsche Asset Management • The Great California ShakeOut – EQ Lessons for Canada – Keith Porter (University of Colorado) • Canadian EQ – Preparing for the Big One – Moderator: Paul Kovacs (ICLR). Panelists: Garry Rogers (NRCan), Alister Campbell (Zurich), Ken McCrea (Wawanesa) • Regulators and Insurers: Bridging the Divide – Don Forgeron (IBC) • Managing Business Transformation – Moderated by Greg Maciag (ACORD). Panelists: Robert Merizzi (Aviva), Jamie Bisker (IBM), John Mullen (CapGemeni) • Fighting Personal Lines Fraud – Moderator: Jon Schubert (ICBC). Panelists: Rick Dubin (IBC), Carol Jardine (TD Insurance), Joseph Wehrle (NICB) • Subrogation Success – Moderated by Chris Giffin (Giffin Koerth). Panelists: Mark Bailey (MEA Forensic), Joe Turcotte (FM Global), John Vamplew (Whitelaw Twining) • Developments in Commercial Litigation – Laura Cooper (Fasken), Jim Sullivan (Blakes) For more information visit www.niccanada.com or contact Laura Viau at laura.viau@msaresearch.com. NICC sessions are accredited by RIBO. Please visit www.niccanada.com for details
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UNDERWRITING PROFIT/LOSS IN CANADA 2000-2010 PROPERTY/CASUALTY COMPANIES
LICENSED REINSURERS
+3366.4
+2720.6
+2374.4
+2381.8
+232.7
+248.2
+172.9 +142.7
+116.4
+29.4
+90.0 2008 2000
2001
2002
2003
2004
2005
2006
2007
-82.5
2009 -3.3
2008
2010 -47.6
2000
2001
2002
2003
2004
2005
2006
2007
–18.3
2009
2010
-58.9
-184.8 -223.2
-1339.0
-1396.0
-1940.6
-3117.9
All profits and losses indicated in millions of dollars
16
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All profits and losses indicated in millions of dollars
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 7:56 AM
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PLOWING ON THROUGH Glenn McGillivray
Marginally better industry results in 2010 over 2009 may muddy underlying weakness in industry performance
Managing Director, Institute for Catastrophic Loss Reduction
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
20/05/11 11:55 AM
AXIS CU 2011- RHP Press.pdf
1
5/3/11
8:13 AM
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CM
MY
CY
CMY
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COVER STORY
Plowing On Through
Mush-y
Adj. mush-i-er, mush-i-est 1) Resembling mush in consistency; soft 2) Soft and pulpy
Thesaurus
1) Having the consistency of mush 2) Soft, yielding readily to pressure or weight 3) Soft, squidgy, slushy, squashy, squelchy, pulpy, doughy, pappy, semi-liquid, paste-like, semi-solid
A
ccording to MSA Research, as of 2010 Q4, “commercial writers and reinsurers continued (and still continue) to compete in a mushy market.” Truth be told, “mushy” might be the best way to describe the lion’s share – if not all – of the property and casualty market segments in Canada. On the surface, it may appear as though the market is moving in the right direction (albeit at a snail’s pace). However, a closer look suggests that may not necessarily be true. According to data released by Insurance Bureau of Canada (IBC) at Swiss Re’s 26th Annual Outlook
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Breakfast held in Toronto on Mar. 31, 2011, financial results for the country’s p&c insurers were “modestly positive,” showing marginal improvement over 2009. But while underwriting results generally improved, the industry posted its third straight underwriting loss, said Gregor Robinson, IBC’s newly minted senior vice president and chief economist. What’s more, return on equity was 7.2% for both 2009 and 2010. “On the positive side, the [underwriting] loss was substantially smaller last year – $54 million, compared to a loss of $207 million in 2009,” Robinson noted. “The underwriting
picture becomes less positive when we remove the effect of reserve adjustments.” According to Robinson, “In 2010, there were net releases of prior-year reserves of about $1.2 billion. Removing these from the underwriting results shown [for 2010], the industry’s underwriting loss grows to $1.3 billion.” Additionally, when the effect of reserve development is removed, the 2010 combined ratio increases by three percentage points, up to 103.6%. THE NUMBERS MSA data show Canadian commercial insurers had a combined ratio (COR) of 90.1% in 2010, about a percentage point better than the 90.8% posted in 2009. Reinsurers in Canada posted a dramatically better COR in 2010 (88.9%) than in 2009 (98.6%). Adding personal and multiline insurers, the industry’s combined ratio in 2010 was 101%, compared to 101.5% in 2009. Out of the 221 insurers reporting 2010 year-end data to MSA Research, slightly more than half (53%) posted an improvement in their respective combined operating ratio. For the entire group of companies, the composite COR for 2010 hovered just under 100%, at 99.7%. Calendar year results showed improvements in most lines, while accident year results gloss over the fact that both sectors are effectively
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20/05/11 11:55 AM
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17/05/11 7:58 AM
COVER STORY
Plowing On Through running at an underwriting loss and, with low interest rates, substandard returns on capital, says MSA. “Prior year reserve releases have again saved the day but the well is drying up. So our outlook for the commercial lines sector for the balance of 2011 is not rosy,” said the report. Given a context in which industry analysts and writers have been commenting for many years about the “well running dry,” and yet that never seems to happen, MSA’s Joel Baker elaborated on his remarks: “Reserve releases over the past two years have ranged between 2% to 5% of outstanding provisions depending on the sectors (commercial or personal). While still favorable, these releases pale in comparison with those of 2008 and some earlier years where they approached 10%. There might be juice in the tank, but not as much as before.” MSA’s report notes uncertainty as to whether “the tragic events in Japan,
New Zealand and Chile will be sufficient to turn the global market...” Like other industry observers, the 2010 Q4 edition of the MSA/Baron Outlook Report says “an active U.S. hurricane season this fall may finally tip the balance and bring the prolonged soft commercial/reinsurance market to a close.” (It’s important to note that since the writing of this report, the outbreak of more than 350 tornadoes in the United States between Apr. 17 and 27 may result in total insured losses of between $2 billion and $5 billion, according to EQECAT.) The net income of companies reporting to MSA increased for 125 of the 221 companies, while it decreased for 83. Overall, the group of insurers’ collective net income for the year was $3.5 billion. Ontario auto continues to plague insurers’ results. The industry’s direct Ontario loss ratio for the year was 99.4%.
According to James Cameron, president of Cameron & Associates Insurance Consultants Ltd., “the Ontario Auto Market remains cautiously optimistic the Sept. 1 changes to the regulations, recent FSCO bulletins encouraging insurers in the war on fraud and heightened activity from IBC and the government also respecting fraud, will reflect on the bottom line soon. On the other hand, the creativity of a few clinics and service providers in the GTA ‘gaming’ the system knows no bounds. It takes a long time to get convictions on the few bad apples.” He adds: “The backlog of cases for mediation and arbitration is now nine months. It may take until September 2012 to start to confirm how the changes will play out.” According to the 2010 annual report of the Property and Casualty Insurance Compensation Corporation (PACICC), industry results improved last year as price adjustments toward the end of
A large loss
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r
s
2009 began to work through the system. “However, despite finding better financial footing, the industry’s business environment in 2010 was quite turbulent,” the report says. “Storms and hurricanes affected all parts of the country and Ontario’s auto insurance accident benefits coverage continued to have unsustainably high loss ratios. Regulatory reforms enacted in 2010 will impact on the industry’s operating environment in 2011.” Overall, industry underwriting profitability during 2010 saw improved loss ratios in many lines of business, as growth in premiums exceeded the growth in claims costs, PACICC notes. “This improvement in underwriting performance for the industry was welcome after underwriting losses during 2008 and 2009” it noted. “Together, with improvements in investment income, industry profitability saw improvement over the prior year.” On the auto side, PACICC out-
“ ...when the effect of reserve development is removed, the 2010 combined ratio increases by three percentage points, up to 103.6%.” lined a number of developments in Ontario, Alberta, Nova Scotia and New Brunswick. During 2010, several provinces introduced auto insurance product reforms that will have longer-term implications for claim cost trends in the industry. In Ontario, the government followed up on its five-year review of automobile insurance to introduce changes to the province’s auto insurance product. The changes include a new package of statutory accident benefits for those injured in auto accidents. This new package offered
by all insurers will lower the amount of coverage that consumers must purchase to $50,000 for medical and rehabilitation expenses and $36,000 for attendant care expenses for noncatastrophic injuries. Drivers could opt for this lower-cost coverage, or increase it to the level of medical, rehabilitation and attendant care insurance they need. PACICC noted that on July 29, 2010, the Alberta Automobile Insurance Rate Board mandated a 5% decrease in premiums for mandatory automobile insurance coverages, effective Nov. 1. PACICC says this is consistent with the estimated low scenario for bodily injury claims frequency and an assumed higher future return on investment. In late November, the Nova Scotia government announced a review of the province’s automobile insurance system. It increased the cap on minor injury awards from $2,500 to $7,500, harmonized its definition of minor
requires a large response. The Commercial Division from FirstOnSite – the largest independent disaster recovery company in Canada. Our dedicated team has been serving the disaster needs of commercial clients and specialty markets nationwide for over 30 years. With more than 1,100 well-trained employees, the largest inventory of state-of-the-art equipment in the country and our proprietary tracking and billing system, we’re ready to mobilize at a moment’s notice. Headed by Barry J. Ross, a leading specialist in disaster recovery, our business is getting you back in business. Call Barry at 416-586-3532 or email bjross@firstonsite.ca for more information.
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COVER STORY
Plowing On Through
injury with Alberta and announced a broader automobile insurance review. In November, the government of New Brunswick announced it will also review its cap on minor injury awards and the definition of soft tissue injury. From a product performance standpoint, “in aggregate, automobile insurance premium growth in 2010 was outpaced by continued growth in claims costs,” PACICC says. “Despite not keeping pace with claims costs, auto insurance premiums had strong growth as rate increases introduced in late 2009 took effect. However, the net increase in premiums earned during 2010 remained less than half the increase in claims costs over the year.” Claims experience in the accident benefits component of the auto insurance product – specifically the Ontario auto insurance product – continued to be poor through 2010, says PACICC. “While still very high, the growth rate in claims costs was similar to that of 2009.” Accident benefit claims costs were accelerating through the first half of 2010 but showed evidence 24
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of slowing in the latter part of the year. This suggests the Ontario auto reforms may have started to have some affect. On the property side, premium growth exceeded growth in claims costs. In the volatile commercial liability lines, claims costs outpaced premium growth.
“ ...an active U.S. hurricane season this fall may finally tip the balance and bring the prolonged soft com mercial/reinsurance market to a close.” Looking into the future, “the outlook for the p&c insurance industry for 2011 has improved, but is nevertheless subject to greater uncertainty than the healthy improvement in performance recorded between 2003 and 2009,” PACICC says. “While industry results have improved and prelimi-
nary indications from reforms to the auto product in Ontario are encouraging, it is too early to ascertain the ultimate impact. Similarly, the outcome of pending reviews to the auto product in other provinces adds some additional uncertainty at the margin. In addition to product changes, the industry must manage significant accounting, capital and reinsurance changes.” Two years ago in this space, one facultative casualty underwriter was quoted as saying: “As far as the market overview is concerned, I think we are in a transitional casualty market. It has not hardened, but is expected to be on the verge of hardening – if not later this year, then in first quarter 2010.” Last year, he mused his timing was off. Of the 2009 market, he said: “I still think we are in a transitional market and hope we will see things start to tighten later this year, if not very early in 2011 as the Canadian economy continues to improve and outperform the U.S. economy.” Of 2010, he says: “What I wrote last year is still a good summary of
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Plowing On Through what is going on in the casualty market today. My timing was wrong. It is more likely we will see the start of a hardening market in the first quarter of 2012, after the Jan. 1, 2012 treaties are renewed and following the poor results expected from reinsurers in 2011 – starting with the first quarter of 2011, [when] the effects of the New Zealand and Japanese earthquakes and other cat losses ... resulted in quarterly losses for Swiss Re, Munich Re, Everest Re and Lloyd’s. The impetus to push for rate increases also has to come from the Canadian p&c industry; so far, nothing indicates this is either happening now or about to happen, which is a concern. Reinsurers alone will not turn the market. It needs the primary insurance market to move in that direction, too. “There is very little profit margin in the rates we are seeing in the market today. None of the insurers seem to want to be the one to risk losing market share by pushing for across-the-board rate increases, even in tougher classes like E&O and long haul trucking. Competition is still intense and there is an overabundance of capacity, with new carriers like Axis, Berkley, Catlin and QBE adding even more capacity. We heard Zurich is going to enter the condominium market, a class where market rates for property and casualty are already far too low and profit margins are minimal. If they do, they will bring huge additional capacity to the market and no doubt push existing rates down even further.” INDUSTRY ISSUES Insurers will move to International Financial Report Standards (IFRS) in 2011. OSFI issued a draft advisory outlining the regulator’s expectations and requirements for the implementation in October 2009. While not all IFRS standards are complete (insurance contracts for example), IFRS will have important implications for insurer balance sheets and financial metrics. As a result, OSFI and prov26
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inces using the minimum capital test (MCT) framework introduced changes effective for implementation in 2011. These changes reflect the accounting and capital policy positions with respect to IFRS; they also introduce a number of other changes to the test. The Branch Adequacy of Assets Test (BAAT) introduced similar changes.
“ Ontario auto continues to plague insurers’ results. The industry’s direct Ontario loss ratio for the year was 99.4%.” OSFI also launched a consultation paper in December 2010 for other substantial changes to the MCT/BAAT tests. The proposed changes to the MCT/BAAT guidelines are motivated by a desire to ensure the guidelines continue to accurately reflect the risks in the property and casualty insurance industry. The proposed changes involve removing some capital charges that are, in effect, capital on capital; modifications to asset factors to add granularity by rating class and duration; and introducing margins for risks, such as interest rate risk, not currently in the tests. Any changes to the MCT/BAAT are expected to be effective for January 2012. During 2010, OSFI also announced changes to the supervisory approach to reinsurance, says PACICC. The changes will remove the previous 75% fronting limit and 25% limit on unregistered reinsurance. It will also require insurers to adopt a reinsurance risk management policy. Following industry consultation, OSFI Guideline B-3: Sound Reinsurance Practices and Procedures was issued in December 2010. All federally regulated insurers must address the principles contained within the guideline by July 1, 2011
and demonstrate full compliance by July 1, 2012. Elsewhere, in November 2010, Swiss Re announced the launch of a discussion paper entitled Making Flood Insurable for Canadian Home owners. Released by the Institute for Catastrophic Loss Reduction (ICLR) and supported by Swiss Re, the paper outlines the steps and solutions to resolve the problem of Canadian homeowners being unable to purchase insurance for overland flood damages. The report demonstrates how flood insurance has many advantages over government relief programs. The report concludes the next step in establishing a successful flood insurance program involves an insurance industry-wide discussion of this important issue. IN THE COURTS In the February/March 2011 issue of Claims Canada, Christopher Dunn of Dutton Brock LLP provides a very useful and concise run-down of the Top 10 coverage decisions from 2010. “It was a relatively busy year in Canadian courts for insurers,” he begins. “While all was relatively quiet on the Supreme Court of Canada front, with the exception of release of the much-anticipated decision in Progressive Homes v. Lombard, the Ontario Court of Appeal had a particularly busy year, with no less than six major insurance coverage decisions released.” DUNN’S TOP TEN INCLUDE: 1) P rogressive Homes v. Lombard Insurance Co. of Canada (Supreme Court of Canada, September 2010). 2) L ewis v. Economical Insurance Group (Ontario Court of Appeal, July 2010) – Unidentified Automo bile Coverage. 3) P oplawski v. McGrimmon (Ontario Court of Appeal, October 2010) – Homeowner’s Liability Coverage. 4) M eadows v. Meloche Monnex (Ontario Court of Appeal, June 2010) – Homeowner’s Liability Coverage.
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8) E ngle Estate v. Aviva Insurance Co. of Canada (Alberta Court of Appeal, January 2010) – All Risks Property. 9) M inox Equities v. Sovereign General Insurance (Manitoba Court of Appeal, June 2010) – All Risks Property. 10) B eaverdam Pools v. Wawanesa Mutual Insurance Co. (New Brunswick Court of Appeal, January 2010) – Commercial General Liability.
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All 10 of Dunn’s choices would be of interest to most, if not all of the property and casualty carriers in the country. But half stand out because of a common thread running through each: the problem of improper or poor policy wordings. In the above list, these five would be: 1), 2), 3), 6) and 8). The full article can be viewed at http://bit.ly/dunntop10. COVERAGE UNDER CGL POLICIES According to Bill Blakeney of Blakeney Henneberry Murphy & Galligan, the insurance case of the year for lawyers who do coverage work was Progressive Homes Ltd. v. Lombard General Insurance Co. of Canada. The Supreme Court of Canada appears to have reversed a line of insurance cases that had taken a narrow view of the scope of coverage under CGL policies commonly used in Canada. The Court confirmed that the “primary interpretive principle” for insurance policies is that “when the language of the policy is unambiguous, the court should give effect to clear language, reading the contract as a whole”. This was not a new approach to policy interpretation, but the Court determined that “property damage” in CGL policies is not limited to damage to “third-party property” and can include damage from part of a building to another part. This was previously regarded as irrecoverable “pure economic loss”. Going forward, the term “accident” may, depending on the facts of each case, include the consequences of defective workmanship. Depending on context, the “own product/work” exclusion will be construed narrowly. Under certain circumstances, it may be limited to damage caused by the insured to its own work and not extend to “resulting damage”. Because the case was concerned only with the insurer’s duty to defend, the Court was not required to apply these new principles to a particular claim under a particular policy. It was enough that the insured showed the “mere possibility that a claim falls within the insurance policy.”
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Plowing On Through The upshot of this case expands coverage dramatically for insurers going forward. The interpretation of the “Business Risks” taken by many insurers has long been criticized by both brokers and lower courts as effectively nullifying the coverage that many builders and contractors believe they are buying under the CGL form. The countervailing argument is that the decision comes close to turning the CGL into a warranty for defective workmanship. The upshot of the decision is that the language of the CGL “Business Risk” exclusions needs tightening up, or insurers in Canada risk having the decision applied more broadly. NATURAL CATASTROPHES The year in review marked yet another bad one from a catastrophe loss perspective. Year 2010 was the third year in five that losses in the country approached the billion-dollar mark (the others were 2005 and 2009) and the first time on record that the Canadian property and casualty industry experienced consecutive billiondollar loss years. A $1-billion loss year has occurred four times since 1997, but did not occur once before then. According to a Dec. 6 post in Canadian Underwriter’s online news, “damage estimates related to severe weather events and one earthquake in Canada likely topped $700 million in 2010, extrapolating from information contained in Aon Benfield’s November 2010 Monthly Cat Recap report. The report lists damage estimates, both insured and uninsured, related to 10 specific severe storm events and one earthquake in Canada in 2010. When known damage estimates for the above events are added together, all of these events caused at least $700 million in damages. However, the total is likely much higher, and may have even approached $1 billion.” Two events in 2010 are of particular interest, the first because of its size and the second because of its rarity. The major hailer in Alberta on July 12-13 has gone down as the costli30
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est hailstorm in Canadian history, surpassing the Calgary hailstorm of 1991, which caused insured losses of more than $386 million (1999 dollars) from about 62,000 claims.
“ It is more likely we will see the start of a hard ening market in the first quarter of 2012, after the Jan. 1, 2012 treaties are renewed and following the poor results expected from reinsurers in 2011…” From a rarity perspective, the magnitude-5.0 earthquake that struck 60 kilometers north of Ottawa on June 23 triggered more than $16 million in damage. Natural Resources Canada estimates it was likely the strongest earthquake experienced in the past 200 years by the region. While some damage occurred near the epicentre, the estimated shaking from the recorded ground motions for Ottawa were well below the design level of shaking used in the 2005 National Building Code of Canada. Even so, Canadian Underwriter on June 23, 2010 noted reports on Twitter of a roof coming off a church in Quebec, a blown-out office window in Ottawa, minor damage to public schools in the Ottawa area and a bridge closure in Quebec. The billion-dollar catastrophe years of 2005, 2009 and 2010 in Canada underscored the need for a discussion about two main issue areas: the need for good catastrophe loss data, and the need for a reinsurance product that adequately addresses the problem of ‘mini-’ or secondary cats that aren’t big enough to trigger reinsurance coverage, but that are big enough to affect insurers’ bottom lines negatively. The first has been addressed. ISO and MSA Research Inc. jointly
announced the launch of PCS-Canada on Mar. 16, 2010. The service enables “insurers, reinsurers, brokers and other industry stakeholders to receive industry-wide data about Canadian catastrophes, including man-made and extreme weather events.” The service was launched with the support of IBC and the Institute for Catastrophic Loss Reduction (ICLR), and with the endorsement of the Reinsurance Research Council (RRC). The second issue, the need for a reinsurance product to address the mini-cat problem, is in its infancy and will need time to gain traction. A solution to the mini-cat problem seems to be a product known as an aggregate XS cover. As noted by CCR’s Rob Finnie in Canadian Underwriter’s November 2010 issue, “a catastrophe aggregate XS treaty is a reinsurance tool designed to help insurers manage the effects of multiple extreme weather events on their results... If the storm ‘footprint’ covers a broad area, it is likely an insurer’s catastrophe XS treaties will be triggered. The common ‘per-event’ catastrophe XS program is intended to cover the losses that are too large for the insurer to retain comfortably. But if the storm footprint is smaller, the insurer may have a string of claims that do not add up to the attachment point of their reinsurance program. That is not a problem, because the insurer has already decided that it can handle the loss without serious repercussions to its business plan. But what happens when there are too many of these smaller events? Retentions start to add up. At the end of the fiscal period, their impact might be significant...A catastrophe aggregate XS cover is an effective solution to exactly this problem.” Don Callahan, president and CEO of Guy Carpenter Canada, says of aggregate covers: “I think the aggregate cat XL is an effective risk management tool and we have placed a number of them over the last couple of years. Properly designed and constructed, these contracts can add strong balance to a reinsurance program. They can also be cost-effective, in that the
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additional municipalities in four climatic zones (Atlantic, Central, Prairies and Pacific) to complete the calibration process (three municipalities were included in the initial phase). Concurrent with those efforts, IBC is building the database and Web portal that will enable municipalities to upload their data and allow insurers to use the tool. IBC’s management, committees and board are currently working on issues related to future gover-
pd s
insurer can responsibly increase the retention of its main cat program and rely on the aggregate cover to deliver the necessary stability. We’ve had to be very careful as to how we structure them because reinsurers have been somewhat inconsistent with regard to pricing. I don’t necessarily blame them because the loss activity in very recent years has been erratic. Nevertheless, I’ve seen quotes jump by 100% in reaction to losses and we find that a little jarring. Essentially, some of the sellers were not understanding the exposures and were revising their loss assumptions from year to year. Furthermore, about half the market is not interested in participating in aggregate covers and that can also impact pricing. So, overall, we have to really watch the attachments and the aggregate limits and we bench test them actuarially and with our cat models before we go into the market. With a little fine-tuning, I think the products make good sense. We’ve also designed a couple of other structures that work well and are perhaps better received by the market. These are usually hybrids or modified second-event covers that we specifically design for the client.” Water damage continues to be highly problematic for the country’s homeowner writers. It doesn’t appear to matter how large or small a carrier is, or where they write the bulk of their business, right across the country water continues to be “the new fire” from a claims perspective. However, both IBC and ICLR are working diligently to address the problem on behalf of their respective members. Development of IBC’s Municipal Risk Assessment Tool (MRAT) is on
track. The tool will allow municipalities to pinpoint the most vulnerable areas of their infrastructure and direct funds accordingly and will help Insurance companies rate and price property risks accurately. Phase 1 of the project, ‘Proof of concept,’ is complete. It has been confirmed the prospective tool works and has a predictive accuracy of 90%. IBC is now engaged in Phase 2 of the project, which will see the recruitment of 17
The PDS Network
“ Two events in 2010 are of particular interest, the first because of its size and the second because of its rarity.”
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How The Private Companies Rank (Total Business) N.P.W. (Excluding Life & Purely A&S Companies)
% of Market 1. Intact Financial Corporation......................... 11.05 2. Aviva Canada Inc........................................... 7.95 3. TD General Insurance.................................... 5.93 4. Co–operators General Insurance Co............. 5.41 5. RSA Canada Group....................................... 5.03 6. Lloyd’s Underwriters...................................... 4.97 7. State Farm Insurance Company.................... 4.92 8. AXA Canada Group Of Companies............... 4.81 9. Wawanesa Mutual Insurance......................... 4.78 10. The Economical Insurance Group................. 4.13 11. Desjardins General Insurance Group............. 4.11 12. The Dominion Of Canada.............................. 3.08 13. Northbridge Financial Corporation................ 2.56 14. Zurich Insurance Company Ltd..................... 1.65 15. Allstate Insurance Co of Canada................... 1.57 16. Chubb Insurance Co of Canada.................... 1.52 17. Chartis Insurance Co of Canada.................... 1.49 18. Ontario Mutual Insurance.............................. 1.22 19. RBC General Insurance................................. 1.21 20. La Capitale Assurances Gen Inc.................... 1.14 21. SGI Canada Group........................................ 1.10 22. RBC Insurance Company Of Canada............ 0.92 23. Green Shield Canada..................................... 0.86 24. Jevco Insurance Company............................ 0.79 25. Travelers Canada........................................... 0.79 26. Munich Reinsurance Cda Group................... 0.74 27. Gore Mutual Insurance Company.................. 0.71 28. Guarantee Co Of North America.................... 0.68 29. Factory Mutual Insurance Company.............. 0.63 30. Alberta Motor Association............................. 0.61 31. CNA Canada.................................................. 0.60 32. ACE INA Insurance....................................... 0.53 33. SSQ, Societe d’Assurances Gen................... 0.44 34. GCAN Insurance Company........................... 0.43 35. Allianz Global Risks US.................................. 0.43 36. Portage La Prairie Mutual.............................. 0.42 37. SCOR Canada Reinsurance.......................... 0.40 38. Everest Reinsurance Company..................... 0.39 39. Swiss Reinsurance Group............................. 0.39 40. Industrielle Alliance Compagnie.................... 0.38 41. CAA Insurance Company (Ontario)............... 0.37 42. York Fire & Casualty Insurance...................... 0.35 43. Pembridge Insurance Company.................... 0.35 44. Motors Insurance Corporation....................... 0.35 45. Echelon General Insurance............................ 0.34 46. FCT................................................................ 0.34 47. Hannover Ruckversicherung AG.................... 0.30 48. Transatlantic Reinsurance............................. 0.30 49. Liberty Mutual Insurance............................... 0.30 50. Farm Mutual Reinsurance Plan...................... 0.30 51. Canadian Direct Insurance............................ 0.29 52. Promutuel Reassurance................................. 0.29 53. Peace Hills General Insurance....................... 0.29 54. L’Unique Assurances Generales.................... 0.28 55. Cumis General Insurance............................... 0.26
2010 N.P.W.
2009 N.P.W.
4,352,337,000 3,132,910,000 2,334,783,000 2,131,290,000 1,981,181,000 1,959,781,000 1,937,320,000 1,894,338,000 1,883,107,000 1,626,378,000 1,618,806,000 1,214,959,000 1,007,728,000 651,336,000 618,365,000 598,135,000 586,596,000 480,446,000 476,188,000 448,792,000 434,508,000 361,683,000 340,070,000 311,924,000 309,697,000 291,363,000 280,858,000 266,641,000 249,786,000 241,770,000 236,489,000 208,123,000 172,356,000 171,001,000 169,676,000 165,777,000 156,186,000 154,699,000 152,062,000 151,461,000 145,862,000 137,598,000 136,395,000 136,151,000 135,324,000 132,734,000 118,613,000 118,055,000 117,575,000 116,566,000 115,505,000 114,108,000 112,343,000 111,782,000 104,008,000
4,151,289,000 3,222,686,000 2,100,279,000 2,099,371,000 1,820,486,000 1,729,476,000 1,827,768,000 1,781,103,000 1,694,037,000 1,747,468,000 1,471,075,000 1,128,003,000 1,042,176,000 579,006,000 548,775,000 607,834,000 574,369,000 432,620,000 384,390,000 423,955,000 398,026,000 310,394,000 301,959,000 171,767,000 326,159,000 291,861,000 242,928,000 259,189,000 218,564,000 239,485,000 225,350,000 221,255,000 144,707,000 161,459,000 143,586,000 149,329,000 148,508,000 136,057,000 137,496,000 128,683,000 130,203,000 128,172,000 109,367,000 129,376,000 112,326,000 114,833,000 100,785,000 119,105,000 109,236,000 107,826,000 109,571,000 110,913,000 111,717,000 97,205,000 34,087,000
% Change 4.84 –2.79 11.17 1.52 8.83 13.32 5.99 6.36 11.16 –6.93 10.04 7.71 –3.31 12.49 12.68 –1.60 2.13 11.05 23.88 5.86 9.17 16.52 12.62 81.60 –5.05 –0.17 15.61 2.88 14.29 0.95 4.94 –5.94 19.11 5.91 18.17 11.01 5.17 13.70 10.59 17.70 12.03 7.35 24.71 5.24 20.47 15.59 17.69 –0.88 7.63 8.11 5.42 2.88 0.56 15.00 205.13
nance and implementation. Roll-out is planned for early 2012. In 2010, ICLR continued to lead research into the best design and construction practices to reduce the risk of sewer backup and basement flooding. ICLR’s Handbook for Reducing Basement Flooding continues to be adopted by municipalities and insurance professional across Canada. It has established ICLR as a centre of expertise for basement flooding. During the year in review, ICLR conducted a survey of residents in the Sherwood Forest neighbourhood of London, Ontario in partnership with the City of London Wastewater and Drainage Engineering Division. Implications of the research results relate to strategies for communicating basement flood risk to city residents, the reliability of insurer sewer backup questionnaires, homeowner knowledge of sewer backup coverage, homeowner knowledge of lot-level sewer backup mitigation measures, the importance of bylaws and building codes for basement flood reduction, reporting of flood events to municipal authorities, the role of insurers and insurance brokers in communicating basement flood reduction measures and the importance of addressing all types of urban flood.
“ Water damage con tinues to be highly problematic for the country’s homeowner writers.” Further, in 2010 ICLR continued to work on its agreement with the Government of Ontario to participate in the province’s Regional Adaptation Collaborative (RAC), designed to facilitate the integration of climate change adaptation considerations into decision-making at the community
(Continued On Page 34)
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(Continued From Page 32)
How The Private Companies Rank (Total Business) N.P.W. (Excluding Life & Purely A&S Companies)
% of Market 56. Partner Reinsurance Co of the U.S................ 0.26 57. Boiler Inspection & Insurance Co.................. 0.24 58. Optimum General Inc..................................... 0.23 59. American Bankers of Florida.......................... 0.23 60. XL Insurance.................................................. 0.22 61. Pafco Insurance Company............................ 0.20 62. Affiliated FM Insurance Company.................. 0.20 63. Stewart Title Guaranty Company................... 0.19 64. XL Re America Inc – Cdn Branch.................. 0.17 65. Odyssey America Rein Corp.......................... 0.16 66. North Waterloo Farmers Mutual.................... 0.15 67. Red River Mutual........................................... 0.15 68. General Reinsurance Corp............................. 0.14 69. Arch Insurance (Canada)............................... 0.14 70. Aspen Insurance UK Limited......................... 0.12 71. Caisse Centrale De Reassurance.................. 0.12 72. Old Republic Insurance Company................. 0.12 73. Saskatchewan Mutual Insurance................... 0.11 74. Grain Insurance & Guarantee......................... 0.11 75. Le Groupe Estrie–Richelieu............................ 0.09 76. Toa Reinsurance Co of America.................... 0.09 77. Co–operative Hail Ins Co Ltd......................... 0.08 78. Ontario School Board’s Insurance................. 0.08 79. Trisura Guarantee Insurance.......................... 0.08 80. Legacy General Insurance............................. 0.07 81. Lumbermen’s Underwriting Alliance.............. 0.07 82. Tokio Marine & Nichido Fire........................... 0.07 83. Berkley Insurance Company.......................... 0.07 84. Mutual Fire Insurance Co of BC.................... 0.06 85. Mitsui Sumitomo Insurance........................... 0.06 86. Great American Insurance............................. 0.05 87. MAPFRE Re Compania De Re, S.A............... 0.04 88. Omega General Insurance............................. 0.04 89. White Mountains Reinsurance....................... 0.04 90. Munich Reinsurance America, Inc................. 0.04 91. Western Surety Company.............................. 0.04 92. PEI Mutual Insurance Company.................... 0.03 93. Hartford Fire Insurance.................................. 0.03 94. Euler Hermes American Credit...................... 0.03 95. Triton Insurance............................................. 0.02 96. Kings Mutual Insurance Company................. 0.02 97. Mennonite Mutual Fire Insurance.................. 0.02 98. Sompo Japan Insurance Inc.......................... 0.02 99. Pacific Coast Fishermen’s Mut...................... 0.02 100. American Road Insurance Company............. 0.01 101. The Mearie Group.......................................... 0.01 102. Antigonish Farmers’ Mutual........................... 0.01 103. Fundy Mutual Insurance................................ 0.01 104. Nipponkoa Insurance Co Ltd......................... 0.00 105. Clare Mutual Insurance Company................. 0.00 106. T.H.E. Insurance Company............................ 0.00 107. Alea (Bermuda) Ltd........................................ 0.00 108. Endurance Reinsurance Corp Am................. 0.00 109. Pool Insurance Company.............................. 0.00 110. Lumbermens Mutual Casualty....................... 0.00
2010 N.P.W. 102,301,000 95,944,000 90,980,000 88,680,000 86,536,000 77,415,000 76,948,000 75,971,000 67,687,000 62,137,000 61,030,000 57,144,000 56,301,000 53,806,000 49,252,000 47,990,000 45,920,000 43,012,000 42,427,000 35,847,000 35,832,000 33,491,000 33,131,000 31,978,000 29,288,000 27,570,000 26,081,000 25,830,000 25,186,000 21,868,000 20,073,000 15,760,000 14,568,000 14,279,000 13,954,000 13,910,000 13,758,000 12,935,000 11,128,000 8,972,000 6,087,000 6,058,000 5,968,000 5,916,000 5,886,000 4,846,000 3,633,000 2,167,000 1,015,000 944,000 88,000 22,000 16,000 –171,000 –1,250,000
2009 N.P.W.
103,292,000 –0.96 90,670,000 5.82 82,884,000 9.77 94,156,000 –5.82 89,729,000 –3.56 54,897,000 41.02 65,091,000 18.22 68,976,000 10.14 72,641,000 –6.82 45,180,000 37.53 54,526,000 11.93 50,542,000 13.06 51,018,000 10.36 36,494,000 47.44 65,449,000 –24.75 46,095,000 4.11 35,431,000 29.60 40,611,000 5.91 41,504,000 2.22 32,231,000 11.22 37,156,000 –3.56 25,593,000 30.86 32,520,000 1.88 25,003,000 27.90 33,769,000 –13.27 22,735,000 21.27 25,345,000 2.90 0 0.00 19,058,000 32.15 22,230,000 –1.63 33,610,000 –40.28 13,096,000 20.34 1,993,000 630.96 6,748,000 111.60 14,444,000 –3.39 11,992,000 15.99 13,220,000 4.07 13,644,000 –5.20 16,765,000 –33.62 26,798,000 –66.52 5,897,000 3.22 5,601,000 8.16 4,891,000 22.02 6,070,000 –2.54 5,005,000 17.60 0 0.00 3,274,000 10.97 0 0.00 1,170,000 –13.25 942,000 0.21 19,000 363.16 42,000 –47.62 96,000 –83.33 1,843,000 –109.28 1,000 –125,100.00
TOTALS................................................................... 39,401,670,000 36,999,637,000 34
p 018-035 Editorial.indd 34
% Change
level. Through the RAC project, ICLR made three building code submissions to the Government of Ontario. One of the three was to make sewerbackflow valves mandatory for all new homes in the province. Ontario has not yet made a decision on ICLR’s recommendations. An announcement is expected in the spring of 2011. Regardless of the government’s ultimate decision, making the three submissions has been useful in helping ICLR, and Canada’s property and casualty insurers, to understand the building code development process. LOOKING FORWARD PACICC notes in its annual report that from a solvency perspective, the outlook for the property and casualty insurance industry for 2011 has improved. But it is nevertheless subject to greater uncertainty than the healthy improvement in performance recorded between 2003 and 2009. While industry results have improved and preliminary indications from reforms to the auto product in Ontario are encouraging, it is too early to ascertain the ultimate impact. “Overall, however, the industry is entering the point in the insurance cycle where history signals a reduced risk of insolvency and financial distress.” Although the auto product, particularly Ontario auto, continues to dominate headlines and attention in the Canadian insurance press and in company boardrooms, the focus over the last year and a half to two years has been on the natural catastrophe front. In an interesting article by Joel Auchenbach in Slate Magazine (‘The Century of Disasters: Meltdowns. Floods. Tornadoes. Oil spills. Grid crashes. Why more and more things seem to be going wrong, and what we can do about it (May 13, 2011)),’ he notes of low frequency/high impact loss events: [B]lack swans will seem to occur with surprising frequency. There are several reasons for this. We have chosen to engineer the planet. We have built vast networks of technol-
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
20/05/11 11:57 AM
CUSI_E_Promotion.pdf 1
ogy. We have created systems that, in general, work very well, but are still vulnerable to catastrophic failures. It is harder and harder for any one person, institution, or agency to perceive all the interconnected elements of the technological society. Failures can cascade. There are unseen weak points in the network. Small failures can have broad consequences... We have more people, and more stuff, standing in the way of calamity. We’re not suddenly having more earthquakes, but there are now 7 billion of us, a majority living in cities. In 1800, only Beijing could count a million 19/04/11 8:37 AM inhabitants, but at last count there were 381 cities with at least 1 million people. Many are “megacities” in seismically hazardous places-Mexico City, Caracas, Tehran, and Kathmandu being among those with a lethal combination of weak infrastructure (unreinforced masonry buildings) and a shaky foundation.”
As reported in the Insurance Journal (“Risky Business: Insurance Industry Entering ‘New Era’ of Catastrophes;” May 10, 2011), Dr. Erwann MichelKerjan of the Wharton Risk Manage ment and Decision Processes Center in Pennsylvania says the world has entered into a “new era of catastrophes” that will redefine the insurance industry. “For many years, people had the very reassuring assumption ... about extreme events ... that we’ll maybe see a major catastrophe every 20 to 25 years,” Michel-Kerjan writes. “That was very reassuring in the sense that you really don’t have to pay attention to that every day. The conventional wisdom that these extreme events are of low priority [doesn’t hold true] in the world where we’re more interdependent with each other...There has not been a six-month period in the past few years without a major crisis that simultaneously affected several countries or industry sectors.”
The increase in significant catastrophes suggests the insurance industry should re-think the way it looks at risk management, especially because the impact of disasters is greater as countries are more interdependent on each other, Michel-Kerjan says. Given the increase in significant catastrophes, he recommends the insurance industry embrace the mindset that we’ve entered into a new era of catastrophes and develop different risk models. “Models should not just look at issues in a silo, but instead, look at the links and interdependencies in risks,” Michel-Kerjan says. “I’m not saying that’s easy, but you have to take the leadership as an insurance company or reinsurance company, or insurance agent to say, ‘this is a different world. We simply cannot continue to do business as usual as we have’ been doing for decades or hundreds of years.” Food for thought.
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Companies (Total Business) N.P.W. - By Company Name Company
% Market
2010 N.P.W.
ACE INA Insurance....................................... 0.53 208,123,000 Affiliated FM Insurance Company................. 0.2 76,948,000 Alberta Motor Association............................ 0.61 241,770,000 Alea (Bermuda) Ltd....................................... 0 22,000 Allianz Global Risks US................................. 0.43 169,676,000 Allstate Insurance Co of Canada.................. 1.57 618,365,000 American Bankers of Florida......................... 0.23 88,680,000 American Road Insurance Company............ 0.01 5,886,000 Antigonish Farmers’ Mutual.......................... 0.01 3,633,000 Arch Insurance (Canada)............................... 0.14 53,806,000 Aspen Insurance UK Limited........................ 0.12 49,252,000 Aviva Canada Inc.......................................... 7.95 3,132,910,000 AXA Canada Group Of Companies............... 4.81 1,894,338,000 Berkley Insurance Company......................... 0.07 25,830,000 Boiler Inspection & Insurance Company....... 0.24 95,944,000 CAA Insurance Company (Ontario)............... 0.37 145,862,000 Caisse Centrale De Reassurance................. 0.12 47,990,000 La Capitale Assurances Gen Inc................... 1.14 448,792,000 Canadian Direct Insurance............................ 0.29 115,505,000 Chartis Insurance Co of Canada................... 1.49 586,596,000 Chubb Insurance Co of Canada................... 1.52 598,135,000 Clare Mutual Insurance Company................ 0 944,000 CNA Canada................................................. 0.6 236,489,000 Co-operative Hail Ins Co Ltd........................ 0.08 33,491,000 Co-operators General Insurance Company.. 5.41 2,131,290,000 Cumis General Insurance.............................. 0.26 104,008,000 Desjardins General Insurance Group............ 4.11 1,618,806,000 The Dominion of Canada.............................. 3.08 1,214,959,000 Echelon General Insurance........................... 0.34 135,324,000 The Economical Insurance Group................. 4.13 1,626,378,000 Endurance Reinsurance Corp America......... 0 16,000 Le Groupe Estrie-Richelieu........................... 0.09 35,847,000 Euler Hermes American Credit...................... 0.03 11,128,000 Everest Reinsurance Company..................... 0.39 154,699,000 Factory Mutual Insurance Company............. 0.63 249,786,000 Farm Mutual Reinsurance Plan..................... 0.3 116,566,000 FCT . ............................................................ 0.34 132,734,000 Fundy Mutual Insurance............................... 0.01 2,167,000 GCAN Insurance Company........................... 0.43 171,001,000 General Reinsurance Corp............................ 0.14 56,301,000 Gore Mutual Insurance Company................. 0.71 280,858,000 Grain Insurance & Guarantee........................ 0.11 42,427,000 Great American Insurance............................ 0.05 20,073,000 Green Shield Canada.................................... 0.86 340,070,000 Guarantee Company Of North America........ 0.68 266,641,000 Hannover Ruckversicherung AG................... 0.3 118,613,000 Hartford Fire Insurance................................. 0.03 12,935,000 Industrielle Alliance Compagnie.................... 0.38 151,461,000 Intact Financial Corporation.......................... 11.05 4,352,337,000 Jevco Insurance Company........................... 0.79 311,924,000 Kings Mutual Insurance Company................ 0.02 6,087,000 Legacy General Insurance............................ 0.07 29,288,000 Liberty Mutual Insurance.............................. 0.3 117,575,000 Lloyd’s Underwriters..................................... 4.97 1,959,781,000 Lumbermens Mutual Casualty...................... 0 -1,250,000 Lumbermen’s Underwriting Alliance............. 0.07 27,570,000 36
p 036 Alpha NPW 2011.indd 36
Company MAPFRE Re Compania De Re, S.A.............. The Mearie Group......................................... Mennonite Mutual Fire Insurance................. Mitsui Sumitomo Insurance.......................... Motors Insurance Corporation...................... Munich Reinsurance America, Inc................ Munich Reinsurance Cda Group................... Mutual Fire Insurance Co of BC.................... Nipponkoa Insurance Co Ltd........................ North Waterloo Farmers Mutual.................... Northbridge Financial Corporation............... Odyssey America Rein Corp......................... Old Republic Insurance Company................ Omega General Insurance............................ Ontario Mutual Insurance.............................. Ontario School Board’s Insurance................ Optimum General Inc.................................... Pacific Coast Fishermen’s Mutual Marine.... Pafco Insurance Company............................ Partner Reinsurance Company of the U.S.... Peace Hills General Insurance...................... PEI Mutual Insurance Company................... Pembridge Insurance Company................... Pool Insurance Company.............................. Portage La Prairie Mutual............................. Promutuel Reassurance................................ RBC General Insurance................................ RBC Insurance Company Of Canada........... Red River Mutual.......................................... RSA Canada Group...................................... Saskatchewan Mutual Insurance.................. SCOR Canada Reinsurance.......................... SGI Canada Group........................................ Sompo Japan Insurance Inc......................... SSQ, Societe D’Assurances Generales........ State Farm Insurance Company................... Stewart Title Guaranty Company.................. Swiss Reinsurance Group............................. T.H.E. Insurance Company........................... TD General Insurance................................... Toa Reinsurance Co of America................... Tokio Marine & Nichido Fire.......................... Transatlantic Reinsurance............................. Travelers Canada.......................................... Trisura Guarantee Insurance......................... Triton Insurance............................................ L’Unique Assurances Generales................... Wawanesa Mutual Insurance........................ Western Surety Company............................. White Mountains Reinsurance...................... XL Insurance................................................. XL Re America Inc - Cdn Branch.................. York Fire & Casualty Insurance..................... Zurich Insurance Company Ltd.................... TOTALS........................................................
% Market
2010 N.P.W.
0.04 15,760,000 0.01 4,846,000 0.02 6,058,000 0.06 21,868,000 0.35 136,151,000 0.04 13,954,000 0.74 291,363,000 0.06 25,186,000 0 1,015,000 0.15 61,030,000 2.56 1,007,728,000 0.16 62,137,000 0.12 45,920,000 0.04 14,568,000 1.22 480,446,000 0.08 33,131,000 0.23 90,980,000 0.02 5,916,000 0.2 77,415,000 0.26 102,301,000 0.29 112,343,000 0.03 13,758,000 0.35 136,395,000 0 -171,000 0.42 165,777,000 0.29 114,108,000 1.21 476,188,000 0.92 361,683,000 0.15 57,144,000 5.03 1,981,181,000 0.11 43,012,000 0.4 156,186,000 1.1 434,508,000 0.02 5,968,000 0.44 172,356,000 4.92 1,937,320,000 0.19 75,971,000 0.39 152,062,000 0 88,000 5.93 2,334,783,000 0.09 35,832,000 0.07 26,081,000 0.3 118,055,000 0.79 309,697,000 0.08 31,978,000 0.02 8,972,000 0.28 111,782,000 4.78 1,883,107,000 0.04 13,910,000 0.04 14,279,000 0.22 86,536,000 0.17 67,687,000 0.35 137,598,000 1.65 651,336,000 39,401,670,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 7:59 AM
How The Private Companies Rank (Property) N.P.W.
% Market
2010 N.P.W.
% Market
2010 N.P.W.
1. Intact Financial Corporation................. 11.27 1,492,092,000
49. L’Unique Assurances Generales..........
0.30
39,906,000
2. Aviva Canada Inc.................................
7.90 1,046,055,000
50. York Fire & Casualty Insurance............
0.29
38,971,000
3. Lloyd’s Underwriters............................
6.63
877,631,000
51. RBC Insurance Company Of Canada..
0.28
36,789,000
846,670,000
52. Odyssey America Rein Corp................
0.27
35,889,000
53. Grain Insurance & Guarantee...............
0.25
32,598,000
4. Co–operators General Insurance Co....
6.39
5. Wawanesa Mutual Insurance...............
5.63
745,312,000
6. AXA Canada Group Of Companies......
5.11
677,295,000
7. RSA Canada Group..............................
4.60
609,464,000
8. TD General Insurance...........................
4.35
576,444,000
9. The Economical Insurance Group........
4.35
575,561,000
10. Desjardins General Insurance Group...
4.21
557,698,000
11. State Farm Insurance Company..........
3.37
446,831,000
12. The Dominion Of Canada.....................
2.66
351,837,000
13. Northbridge Financial Corporation.......
2.35
14. Chubb Insurance Co of Canada..........
54. Le Groupe Estrie–Richelieu..................
0.23
30,589,000
55. Pembridge Insurance Company..........
0.23
30,122,000
56. North Waterloo Farmers Mutual...........
0.23
30,091,000
57. Saskatchewan Mutual Insurance.........
0.22
29,415,000
58. Canadian Direct Insurance...................
0.22
29,378,000
59. Lumbermen’s Underwriting Alliance....
0.21
27,570,000
60. Mutual Fire Insurance Co of BC...........
0.18
23,642,000
61. XL Re America Inc – Cdn Branch.........
0.17
23,146,000
310,701,000
62. CAA Insurance Company (Ontario).....
0.17
21,887,000
1.99
263,351,000
63. Liberty Mutual Insurance......................
0.16
21,404,000
15. Ontario Mutual Insurance.....................
1.92
253,775,000
64. Arch Insurance (Canada)......................
0.15
19,299,000
16. Zurich Insurance Company Ltd............
1.77
233,891,000
65. Jevco Insurance Company..................
0.14
18,689,000
17. SGI Canada Group...............................
1.56
207,080,000
66. Caisse Centrale De Reassurance.........
0.13
17,619,000
0.10
12,608,000
18. Factory Mutual Insurance Company....
1.51
199,934,000
67. MAPFRE Re Compania De Re, S.A.....
19. Allstate Insurance Co of Canada.........
1.27
168,801,000
68. PEI Mutual Insurance Company...........
0.09
12,514,000
20. La Capitale Assurances Gen Inc..........
1.13
150,099,000
69. Echelon General Insurance..................
0.09
11,804,000
143,474,000
70. White Mountains Reinsurance.............
0.09
11,672,000
71. Toa Reinsurance Co of America..........
0.09
11,516,000
72. Motors Insurance Corporation.............
0.09
11,404,000
73. Ontario School Board’s Insurance.......
0.08
10,795,000
74. Omega General Insurance...................
0.08
10,565,000
75. XL Insurance........................................
0.08
9,956,000
76. Tokio Marine & Nichido Fire.................
0.06
8,328,000
77. Aspen Insurance UK Limited................
0.06
8,005,000
21. Chartis Insurance Co of Canada..........
1.08
22. Munich Reinsurance Cda Group..........
1.00
132,039,000
23. SCOR Canada Reinsurance.................
0.84
111,464,000
24. Gore Mutual Insurance Company........
0.83
110,544,000
25. RBC General Insurance........................
0.72
95,615,000
26. Swiss Reinsurance Group....................
0.68
89,901,000
27. Promutuel Reassurance.......................
0.65
86,741,000
28. Allianz Global Risks US........................
0.62
82,219,000
78. Hartford Fire Insurance........................
0.06
7,628,000
29. Guarantee Co Of North America..........
0.58
77,333,000
79. Mitsui Sumitomo Insurance.................
0.05
6,391,000
30. Affiliated FM Insurance Company........
0.56
74,726,000
80. American Bankers of Florida................
0.04
5,627,000
31. Partner Reinsurance Co of the U.S......
0.54
71,720,000
81. Mennonite Mutual Fire Insurance.........
0.04
5,450,000
32. Portage La Prairie Mutual.....................
0.54
71,351,000
82. Kings Mutual Insurance Company.......
0.04
5,265,000
33. Transatlantic Reinsurance....................
0.51
67,692,000
83. Old Republic Insurance Company.......
0.04
4,667,000
34. Peace Hills General Insurance.............
0.47
61,739,000
84. Munich Reinsurance America, Inc.......
0.03
3,364,000
35. Farm Mutual Reinsurance Plan............
0.44
58,003,000
85. Antigonish Farmers’ Mutual.................
0.02
3,307,000
0.02
3,133,000
36. Travelers Canada.................................
0.43
56,785,000
86. Sompo Japan Insurance Inc................
37. SSQ, Societe D’Assurances Gen.........
0.42
55,899,000
87. Fundy Mutual Insurance.......................
0.02
2,111,000
88. Boiler Inspection & Insurance Co.........
0.01
1,742,000
89. Berkley Insurance Company................
0.01
930,000
90. Clare Mutual Insurance Company........
0.01
910,000
91. Triton Insurance...................................
0.01
899,000
38. Red River Mutual..................................
0.41
54,842,000
39. Industrielle Alliance Compagnie...........
0.41
54,065,000
40. Hannover Ruckversicherung AG..........
0.41
53,757,000
41. ACE INA Insurance..............................
0.40
52,905,000
42. Alberta Motor Association....................
0.40
52,830,000
43. CNA Canada........................................
0.38
49,783,000
44. GCAN Insurance Company..................
0.35
46,446,000
45. Optimum General Inc...........................
0.34
46. Everest Reinsurance Company............
92. The Mearie Group................................
0.00
522,000
93. Legacy General Insurance...................
0.00
510,000
94. Nipponkoa Insurance Co Ltd...............
0.00
344,000
95. Trisura Guarantee Insurance................
0.00
75,000
44,855,000
96. Alea (Bermuda) Ltd...............................
0.00
1,000
0.33
43,286,000
97. Pool Insurance Company.....................
0.00
–171,000
47. Cumis General Insurance.....................
0.31
41,266,000
98. Great American Insurance.................... –0.05
–7,242,000
48. General Reinsurance Corp...................
0.31
40,514,000
38
p 038 Rank Property 2011.indd 38
TOTAL..................................................
13,243,950,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
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How The Private Companies Rank (Automobile) N.P.W.
% Market
2010 N.P.W.
% Market
2010 N.P.W.
1. Intact Financial Corporation............... 13.35
2,538,740,000
43. Chartis Insurance Co of Canada........ 0.20
38,038,000
2. TD General Insurance......................... 9.21
1,750,713,000
44. Farm Mutual Reinsurance Plan.......... 0.20
37,585,000
3. Aviva Canada Inc............................... 8.88
1,688,613,000
45. Optimum General Inc......................... 0.18
33,463,000
4. State Farm Insurance Company........ 7.58
1,440,911,000
46. SCOR Canada Reinsurance............... 0.16
30,547,000
5. RSA Canada Group............................ 5.82
1,105,826,000
47. Liberty Mutual Insurance.................... 0.16
29,501,000
6. Wawanesa Mutual Insurance............. 5.81
1,104,224,000
48. North Waterloo Farmers Mutual......... 0.14
27,445,000
7. Co–operators General Insurance....... 5.73
1,089,925,000
49. Promutuel Reassurance..................... 0.12
23,130,000
8. Desjardins General Insurance Group. 5.46
1,038,804,000
50. Lloyd’s Underwriters.......................... 0.11
20,967,000
9. The Economical Insurance Group...... 4.76
905,959,000
10. AXA Canada Group Of Companies.... 4.67
887,506,000
51. Hannover Ruckversicherung AG........ 0.11
20,525,000
11. The Dominion Of Canada................... 4.10
780,116,000
52. CNA Canada...................................... 0.10
19,083,000
12. Northbridge Financial Corporation..... 2.44
464,797,000
53. Transatlantic Reinsurance.................. 0.08
15,387,000
13. Allstate Insurance Co of Canada....... 2.36
449,564,000
54. GCAN Insurance Company................ 0.06
11,835,000
14. RBC General Insurance...................... 1.97
375,080,000
55. Toa Reinsurance Co of America........ 0.05
10,449,000
15. La Capitale Assurances Gen Inc........ 1.47
278,767,000
56. Caisse Centrale De Reassurance....... 0.05
10,061,000
16. Jevco Insurance Company................ 1.40
266,033,000
57. Odyssey America Rein Corp.............. 0.05
8,808,000
17. Ontario Mutual Insurance................... 1.01
191,414,000
58. Saskatchewan Mutual Insurance....... 0.05
8,625,000
18. SGI Canada Group............................. 1.00
189,244,000
59. General Reinsurance Corp................. 0.04
8,320,000
19. Alberta Motor Association.................. 0.99
187,824,000
60. Arch Insurance (Canada).................... 0.04
6,766,000
20. Zurich Insurance Company Ltd.......... 0.96
183,466,000
61. Swiss Reinsurance Group.................. 0.04
6,716,000
21. Gore Mutual Insurance Company...... 0.79
149,953,000
62. American Road Insurance Company. 0.03
5,886,000
22. CAA Insurance Company (Ontario)... 0.57
109,156,000
63. Aspen Insurance UK Limited.............. 0.03
4,938,000
23. Echelon General Insurance................ 0.56
106,621,000
64. Tokio Marine & Nichido Fire............... 0.03
4,879,000
24. Pembridge Insurance Company........ 0.56
106,270,000
65. Allianz Global Risks US...................... 0.02
4,723,000
25. SSQ, Societe D’Assurances Gen....... 0.52
98,745,000
66. Mitsui Sumitomo Insurance............... 0.02
3,851,000
26. Industrielle Alliance Compagnie......... 0.51
97,332,000
67. Partner Reinsurance Co of the U.S.... 0.02
3,703,000
27. York Fire & Casualty Insurance.......... 0.49
92,972,000
68. XL Re America Inc – Cdn Branch....... 0.01
2,300,000
28. RBC Insurance Co Of Canada........... 0.49
92,313,000
69. White Mountains Reinsurance........... 0.01
2,079,000
29. Portage La Prairie Mutual................... 0.46
87,694,000
70. Munich Reinsurance America, Inc..... 0.01
1,395,000
30. Canadian Direct Insurance................. 0.45
84,884,000
31. Guarantee Co Of North America........ 0.44
84,049,000
71. Ontario School Board’s Insurance..... 0.01
1,287,000
32. Pafco Insurance Company................. 0.41
77,415,000
72. Sompo Japan Insurance Inc.............. 0.01
994,000
33. Chubb Insurance Co of Canada........ 0.35
66,049,000
73. Le Groupe Estrie–Richelieu................ 0.00
788,000
34. Motors Insurance Corporation........... 0.34
65,296,000
74. Hartford Fire Insurance...................... 0.00
763,000
35. L’Unique Assurances Generales........ 0.34
65,214,000
75. The Mearie Group.............................. 0.00
377,000
36. Peace Hills General Insurance........... 0.27
50,604,000
76. Berkley Insurance Company.............. 0.00
307,000
37. Travelers Canada............................... 0.25
47,994,000
77. XL Insurance...................................... 0.00
231,000
38. ACE INA Insurance............................ 0.24
44,855,000
78. Nipponkoa Insurance Co Ltd............. 0.00
228,000
39. Everest Reinsurance Company.......... 0.23
43,353,000
79. Mennonite Mutual Fire Insurance....... 0.00
130,000
40. Cumis General Insurance................... 0.22
42,596,000
80. T.H.E. Insurance Company................ 0.00
3,000
41. Old Republic Insurance Company..... 0.20
38,444,000
81. Alea (Bermuda) Ltd............................. 0.00
1,000
42. Munich Reinsurance Cda Group........ 0.20
38,148,000
40
p 040 Rank Auto 2011.indd 40
TOTAL
19,013,597,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:06 AM
Confidence. Trust. Integrity.
CSN Members care about customer satisfaction. Rest easy knowing you’ve made a good decision. CSN Members pride themselves on genuine service and on the fact that they personally care about delivering a job second to none. The CSN network delivers on the promise to provide an honest, quality repair that is built on confidence, trust and integrity. Your policyholders reap the benefit of a National Lifetime Warranty on all repairs thanks to our CSN network of leading collision repair facilities across the country.
Confidence. Trust. Integrity.
www.csninc.ca
33447 CSN Ads_May20.indd 1 p 041 CSN Ad 2011.indd 41
11-05-24 9:19 AM 25/05/11 10:58 AM
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:09 AM
11. 12.
13. 14.
15. 16.
17. 18.
19. 20.
21. 22.
23. 24.
25. 26.
27. 28.
29. 30.
31. 32.
33. 34.
7. 8.
5. 6.
9. 10.
3. 4.
1. 2.
GCAN Insurance Company....................... Allianz Global Risks US.............................
ACE INA Insurance................................... SSQ, Societe D’Assurances Generales....
Alberta Motor Association......................... CNA Canada.............................................
Guarantee Company Of North America.... Factory Mutual Insurance Company.........
Travelers Canada...................................... Gore Mutual Insurance Company.............
Green Shield Canada................................ Jevco Insurance Company.......................
SGI Canada Group.................................... RBC Insurance Company Of Canada.......
RBC General Insurance............................. La Capitale Assurances Gen Inc...............
Chartis Insurance Co of Canada............... Ontario Mutual Insurance..........................
Allstate Insurance Co of Canada.............. Chubb Insurance Co of Canada...............
Northbridge Financial Corporation............ Zurich Insurance Company Ltd.................
Desjardins General Insurance Group........ The Dominion Of Canada..........................
Wawanesa Mutual Insurance.................... The Economical Insurance Group.............
State Farm Insurance Company............... AXA Canada Group Of Companies...........
RSA Canada Group................................... Lloyd’s Underwriters.................................
TD General Insurance............................... Co–operators General Insurance Co........
Intact Financial Corporation...................... Aviva Canada Inc......................................
171,001,000 169,676,000
208,123,000 172,356,000
241,770,000 236,489,000
266,641,000 249,786,000
309,697,000 280,858,000
340,070,000 311,924,000
434,508,000 361,683,000
476,188,000 448,792,000
586,596,000 480,446,000
618,365,000 598,135,000
1,007,728,000 651,336,000
1,618,806,000 1,214,959,000
1,883,107,000 1,626,378,000
1,937,320,000 1,894,338,000
1,981,181,000 1,959,781,000
2,334,783,000 2,131,290,000
4,352,337,000 3,132,910,000
Net Premiums Written $
UNDERWRITING RESULTS
166,654,000 157,041,000
212,380,000 142,358,000
238,785,000 233,840,000
263,882,000 242,663,000
330,992,000 261,506,000
340,070,000 306,919,000
411,259,000 338,006,000
422,762,000 421,999,000
585,002,000 452,410,000
577,775,000 601,292,000
1,021,415,000 644,229,000
1,524,262,000 1,190,329,000
1,789,221,000 1,676,369,000
1,905,784,000 1,812,651,000
1,879,987,000 1,959,781,000
2,211,517,000 2,099,662,000
4,231,326,000 3,178,768,000
Premiums Earned 100% Basis $
90,192,000 111,143,000
144,148,000 86,758,000
165,314,000 133,618,000
176,952,000 146,821,000
168,641,000 178,601,000
286,152,000 213,439,000
247,867,000 183,101,000
393,060,000 270,594,000
412,742,000 242,526,000
393,174,000 197,092,000
772,929,000 461,501,000
1,056,072,000 849,272,000
1,347,593,000 1,167,893,000
2,639,080,000 1,055,360,000
1,228,091,000 1,148,320,000
1,782,040,000 1,476,167,000
2,802,014,000 2,081,272,000
Net Net Claims & Adjusting Expenses $
24,119,000 10,237,000
19,562,000 115,000
27,695,000 48,606,000
55,450,000 –8,238,000
61,084,000 51,468,000
13,089,000 49,104,000
85,484,000 84,195,000
0 32,374,000
30,481,000 88,463,000
34,152,000 91,737,000
120,348,000 63,439,000
69,941,000 206,187,000
296,744,000 349,563,000
229,228,000 298,335,000
237,944,000 461,985,000
233,616,000 369,778,000
709,172,000 608,658,000
Commissions $
(Continued On Page 44)
54.12 70.77
67.87 60.94
69.23 57.14
67.06 60.50
50.95 68.30
84.15 69.54
60.27 54.17
92.97 64.12
70.55 53.61
68.05 32.78
75.67 71.64
69.28 71.35
75.32 69.67
138.48 58.22
65.32 58.59
80.58 70.30
66.22 65.47
Earned Loss Ratio %
8,699,000 7,382,000
9,789,000 5,093,000
7,586,000 7,085,000
8,297,000 12,645,000
13,253,000 9,473,000
5,776,000 11,203,000
19,398,000 7,986,000
13,260,000 14,978,000
30,393,000 1,230,000
18,672,000 21,359,000
41,598,000 29,136,000
52,745,000 40,899,000
59,764,000 58,896,000
62,491,000 63,796,000
65,300,000 52,718,000
70,825,000 75,465,000
146,431,000 113,130,000
Taxes $
5,428,000 12,838,000
25,764,000 34,749,000
26,544,000 21,032,000
34,022,000 45,900,000
57,914,000 27,598,000
21,212,000 28,127,000
50,782,000 72,422,000
104,655,000 83,459,000
60,311,000 93,812,000
126,029,000 79,638,000
164,756,000 82,949,000
264,082,000 119,199,000
142,259,000 155,698,000
172,521,000 234,015,000
244,599,000 7,614,000
190,305,000 284,462,000
416,312,000 323,505,000
General Expenses $
22.95 19.39
25.95 28.07
25.89 32.81
37.05 20.73
39.96 33.86
11.78 28.81
37.85 48.70
27.89 31.00
20.72 40.56
30.96 32.05
31.99 27.25
25.37 30.77
27.88 33.65
24.36 32.89
29.14 26.65
22.37 34.75
30.06 32.88
Total Expense Ratio %
77.07 90.16
93.82 89.01
95.12 89.95
104.11 81.23
90.91 102.16
95.93 98.35
98.12 102.87
120.86 95.12
91.27 94.17
99.01 64.83
107.66 98.89
94.65 102.12
103.20 103.32
162.84 91.11
94.46 85.24
102.95 105.05
96.28 98.35
Combined Loss & Exp. Ratio %
21,435,000 15,441,000
13,117,000 15,643,000
18,319,000 23,499,000
–10,829,000 45,535,000
32,294,000 –1,892,000
7,984,000 5,046,000
6,896,000 –9,698,000
–89,994,000 19,415,000
51,075,000 28,505,000
19,080,000 211,466,000
–82,912,000 7,793,000
81,421,000 –10,190,000
–30,180,000 –55,681,000
–1,267,250,000 161,145,000
104,053,000 289,144,000
–65,269,000 –72,815,000
157,397,000 52,202,000
Undrwtg. Profit or Loss $
GENERAL COMPANIES (PRIVATE SECTOR) RESULTS
27,305,000 12,893,000
35,165,000 4,442,000
17,327,000 25,650,000
28,340,000 25,566,000
62,401,000 14,818,000
8,454,000 37,322,000
38,390,000 5,603,000
42,788,000 10,418,000
179,102,000 56,875,000
48,082,000 71,672,000
181,082,000 78,191,000
86,717,000 96,292,000
202,671,000 147,089,000
216,898,000 137,053,000
150,588,000 62,932,000
142,658,000 180,610,000
344,600,000 327,262,000
Inv. Income $
(from figures supplied by the companies for 2010 business transacted in Canada)
13.01 12.53
10.20 24.22
19.94 11.08
4.74 12.61
7.98 5.64
7.87 8.90
17.86 –1.36
–13.58 11.78
11.64 7.75
11.12 25.42
5.42 11.45
16.20 9.13
6.41 5.26
–50.40 16.75
10.49 23.24
5.25 6.59
14.35 13.68
Return on Equity %
EMBRACING TECHNOLOGY, VALUING INNOVATION Crawford & Company (Canada) Inc. is proud to have received the InsuranceCanada.ca Technology Award for its new claims handling system, CMS Property ADVANTAGE. Developed in-house and deployed on a mobile platform, this innovative new software allows adjusters to complete reports right at the claim scene. This helps to reduce cycle times, manage indemnity and leakage, and reduce claims handling costs. Welcome to a new era in claims handling. Contact us at info@crawco.ca for more information on ADVANTAGE or any of our services.
www.crawfordandcompany.ca Crawford & Company (Canada) Inc. is an equal opportunity employer
CdnUnderwriterCrawford-ICTAward-1 1 p 043 CRAWCO Ad 2011.indd 43
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:09 AM
55. 56.
57. 58.
59. 60.
61. 62.
63. 64.
65. 66.
67. 68.
69. 70.
71. 72.
73. 74.
47. 48.
53. 54.
45. 46.
43. 44.
51. 52.
41. 42.
39. 40.
49. 50.
37. 38.
35. 36.
Western Surety Company......................... PEI Mutual Insurance Company................
Great American Insurance........................ Omega General Insurance........................
Mutual Fire Insurance Co of BC................ Mitsui Sumitomo Insurance......................
Tokio Marine & Nichido Fire...................... Berkley Insurance Company.....................
Legacy General Insurance........................ Lumbermen’s Underwriting Alliance.........
Ontario School Board’s Insurance............ Trisura Guarantee Insurance.....................
Le Groupe Estrie–Richelieu....................... Co–operative Hail Ins Co Ltd....................
Saskatchewan Mutual Insurance.............. Grain Insurance & Guarantee....................
Arch Insurance (Canada)........................... Old Republic Insurance Company............
North Waterloo Farmers Mutual................ Red River Mutual.......................................
Affiliated FM Insurance Company............. Stewart Title Guaranty Company..............
XL Insurance............................................. Pafco Insurance Company........................
Optimum General Inc................................ American Bankers of Florida.....................
Cumis General Insurance.......................... Boiler Inspection & Insurance Company...
Peace Hills General Insurance.................. L’Unique Assurances Generales...............
Liberty Mutual Insurance........................... Canadian Direct Insurance........................
Echelon General Insurance....................... FCT............................................................
Pembridge Insurance Company............... Motors Insurance Corporation..................
CAA Insurance Company (Ontario).......... York Fire & Casualty Insurance.................
Portage La Prairie Mutual.......................... Industrielle Alliance Compagnie................
13,910,000 13,758,000
20,073,000 14,568,000
25,186,000 21,868,000
26,081,000 25,830,000
29,288,000 27,570,000
33,131,000 31,978,000
35,847,000 33,491,000
43,012,000 42,427,000
53,806,000 45,920,000
61,030,000 57,144,000
76,948,000 75,971,000
86,536,000 77,415,000
90,980,000 88,680,000
104,008,000 95,944,000
112,343,000 111,782,000
117,575,000 115,505,000
135,324,000 132,734,000
136,395,000 136,151,000
145,862,000 137,598,000
165,777,000 151,461,000
Net Premiums Written $
UNDERWRITING RESULTS
12,961,000 13,040,000
45,839,000 13,696,000
23,965,000 21,778,000
25,416,000 21,003,000
25,192,000 28,145,000
33,571,000 28,385,000
34,364,000 33,491,000
41,287,000 41,859,000
44,227,000 41,661,000
57,090,000 53,604,000
72,433,000 75,971,000
83,118,000 64,365,000
87,320,000 91,573,000
79,140,000 94,939,000
111,234,000 106,834,000
116,994,000 111,368,000
132,165,000 132,734,000
120,733,000 160,488,000
138,648,000 123,549,000
157,524,000 138,162,000
Premiums Earned 100% Basis $
5,226,000 9,140,000
34,005,000 6,749,000
8,874,000 14,171,000
19,411,000 8,803,000
3,841,000 20,964,000
26,413,000 4,511,000
22,684,000 21,889,000
26,100,000 19,932,000
23,311,000 27,693,000
34,096,000 33,583,000
39,968,000 22,624,000
49,640,000 39,274,000
46,039,000 19,037,000
42,951,000 21,624,000
60,229,000 65,404,000
58,767,000 69,791,000
99,955,000 33,238,000
83,778,000 115,206,000
94,029,000 95,467,000
119,255,000 88,996,000
Net Net Claims & Adjusting Expenses $
8,112,000 1,855,000
–12,608,000 3,083,000
6,716,000 2,519,000
3,570,000 3,843,000
3,754,000 155,000
0 7,136,000
8,028,000 1,965,000
8,798,000 9,338,000
–3,109,000 5,205,000
12,092,000 13,041,000
1,509,000 0
9,369,000 9,197,000
14,481,000 28,647,000
10,287,000 27,697,000
18,109,000 12,696,000
–2,294,000 1,224,000
20,677,000 183,000
20,442,000 9,534,000
8,034,000 19,582,000
27,185,000 4,460,000
Commissions $
(Continued On Page 45)
40.32 70.09
74.18 49.28
37.03 65.07
76.37 41.91
15.25 74.49
78.68 15.89
66.01 65.36
63.22 47.62
52.71 66.47
59.72 62.65
55.18 29.78
59.72 61.02
52.72 20.79
54.27 22.78
54.15 61.22
50.23 62.67
75.63 25.04
69.39 71.78
67.82 77.27
75.71 64.41
Earned Loss Ratio %
496,000 170,000
2,625,000 596,000
51,000 771,000
625,000 491,000
799,000 1,711,000
1,129,000 1,265,000
0 1,397,000
1,915,000 2,125,000
2,643,000 1,654,000
2,071,000 2,602,000
3,647,000 2,403,000
4,402,000 2,022,000
3,822,000 13,016,000
3,046,000 1,295,000
5,431,000 3,616,000
6,789,000 4,706,000
5,331,000 4,337,000
4,046,000 5,879,000
4,063,000 3,945,000
6,882,000 5,168,000
Taxes $
1,533,000 3,166,000
9,371,000 928,000
3,370,000 2,912,000
5,229,000 7,890,000
14,076,000 13,631,000
1,906,000 10,988,000
3,935,000 2,219,000
6,082,000 7,325,000
13,032,000 4,124,000
8,470,000 6,283,000
10,602,000 37,581,000
15,043,000 8,488,000
20,401,000 23,240,000
19,818,000 17,863,000
19,017,000 16,975,000
25,257,000 27,359,000
19,402,000 70,568,000
17,191,000 8,410,000
38,938,000 14,771,000
20,254,000 27,457,000
General Expenses $
78.24 39.81
–1.34 33.64
42.30 28.48
37.08 58.20
73.95 55.06
9.04 68.31
34.81 16.66
40.68 44.88
28.41 26.36
39.64 40.90
21.76 52.63
34.67 30.62
44.32 70.88
41.89 49.35
38.26 31.16
25.43 29.89
34.36 56.57
34.52 14.84
36.81 31.00
34.48 26.84
Total Expense Ratio %
118.56 109.90
72.84 82.92
79.33 93.55
113.45 100.11
89.20 129.55
87.72 84.20
100.82 82.02
103.90 92.50
81.12 92.83
99.36 103.55
76.94 82.41
94.39 91.64
97.04 91.67
96.16 72.13
92.41 92.38
75.66 92.56
109.99 81.61
103.91 86.62
104.63 108.27
110.19 91.25
Combined Loss & Exp. Ratio %
–2,406,000 –1,291,000
42,206,000 2,340,000
4,956,000 1,405,000
–3,419,000 331,000
1,804,000 –8,275,000
4,123,000 5,530,000
–283,000 6,021,000
–1,313,000 3,139,000
8,350,000 2,985,000
1,333,000 –1,286,000
16,698,000 13,491,000
4,658,000 7,455,000
2,577,000 7,633,000
3,328,000 26,460,000
10,454,000 4,034,000
28,475,000 10,068,000
–10,180,000 24,408,000
–1,825,000 22,274,000
–3,790,000 –7,132,000
–13,118,000 12,081,000
Undrwtg. Profit or Loss $
1,361,000 2,459,000
7,014,000 442,000
1,226,000 2,946,000
2,214,000 700,000
824,000 1,195,000
2,531,000 3,190,000
3,320,000 1,552,000
3,747,000 6,050,000
2,851,000 4,029,000
2,434,000 5,097,000
5,541,000 9,732,000
9,823,000 8,857,000
2,832,000 10,665,000
4,889,000 4,458,000
7,111,000 3,437,000
28,488,000 6,513,000
12,940,000 4,879,000
19,988,000 52,479,000
14,439,000 10,953,000
11,580,000 3,064,000
Inv. Income $
(from figures supplied by the companies for 2010 business transacted in Canada)
GENERAL COMPANIES (PRIVATE SECTOR) RESULTS
(Continued From Page 42)
–4.26 2.91
20.83 20.93
21.61 –6.25
–1.38 2.28
8.82 –18.62
13.21 17.37
4.50 17.97
5.36 19.56
13.33 9.63
9.15 5.53
19.21 22.89
4.35 12.68
7.38 8.43
12.33 27.08
21.83 12.15
9.36 18.76
1.70 21.62
5.48 18.03
10.01 3.28
–0.22 35.55
Return on Equity %
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 042,44,45 Gen Comp 2011.indd 45
45
17/05/11 8:09 AM
77. 78.
79. 80.
81. 82.
83. 84.
85. 86.
87. 88.
89. 90.
91. 92.
93. 94.
95. 96.
75. 76.
–171,000 –1,250,000
0 0
0 0
0 0
0 0
2,167,000 944,000
4,846,000 3,633,000
5,916,000 5,886,000
6,058,000 5,968,000
8,972,000 6,087,000
12,935,000 11,128,000
TOTALS.................................................... 37,713,384,000
Pool Insurance Company.......................... Lumbermens Mutual Casualty..................
Everest Insurance Co of Canada.............. TIG Insurance............................................
Utica Mutual Insurance Co Ltd................. Pearl Assurance PLC................................
Security Ins Co of Hartford....................... Employers Insurance Of Wausau..............
ICAROM PLC............................................ Hanover Insurance Company...................
Fundy Mutual Insurance............................ Clare Mutual Insurance Company.............
The Mearie Group..................................... Antigonish Farmers’ Mutual......................
Pacific Coast Fishermen’s Mutual Marine. American Road Insurance Company........
Mennonite Mutual Fire Insurance.............. Sompo Japan Insurance Inc.....................
Triton Insurance........................................ Kings Mutual Insurance Company............
Hartford Fire Insurance............................. Euler Hermes American Credit..................
36,778,905,000
587,000 –1,250,000
0 0
0 0
0 0
0 0
2,108,000 907,000
4,846,000 3,435,000
5,927,000 5,886,000
5,877,000 5,053,000
41,494,000 5,891,000
12,877,000 12,505,000
Net Premiums Premiums Earned Written 100% Basis $ $
UNDERWRITING RESULTS
25,779,973,000
6,000 126,000
0 20,000
–398,000 295,000
–5,785,000 –158,000
26,000 –2,000
661,000 481,000
1,504,000 2,589,000
647,000 5,934,000
3,181,000 4,827,000
11,254,000 3,643,000
5,163,000 –248,000
Net Net Claims & Adjusting Expenses $
70.09
1.02 –10.08
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
31.36 53.03
31.04 75.37
10.92 100.82
54.13 95.53
27.12 61.84
40.09 –1.98
5,384,767,000
–45,000 0
0 0
0 0
0 0
0 0
618,000 131,000
0 644,000
0 0
–61,000 648,000
4,236,000 1,209,000
225,000 –1,465,000
1,289,437,000
–39,000 0
0 0
0 0
4,000 1,000
0 0
113,000 97,000
295,000
0 173,000
0 134,000
968,000 214,000
588,000 1,156,000
4,425,453,000
98,000 153,000
115,000 305,000
193,000 60,000
273,000 94,000
91,000 95,000
1,084,000 699,000
2,225,000
866,000 492,000
2,058,000 1,240,000
2,983,000 2,265,000
2,266,000 8,181,000
Earned Loss General Ratio Commissions Taxes Expenses % $ $ $
30.18
2.39 –12.24
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
86.10 102.21
52.00 0.00
14.61 11.30
33.98 40.02
19.73 62.60
23.91 62.95
Total Expense Ratio %
100.27
3.41 –22.32
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
117.46 155.24
83.04 0.00
25.53 112.12
88.11 135.55
46.85 124.44
64.00 60.97
Combined Loss & Exp. Ratio %
–47,555,000
–48,000 –1,529,000
–115,000 –325,000
205,000 –355,000
5,508,000 63,000
–117,000 –93,000
–355,000 –131,000
978,000 –1,028,000
4,430,000 –713,000
766,000 –1,796,000
22,053,000 –1,410,000
4,635,000 6,328,000
3,433,230,000
49,000 43,000
8,000 2,271,000
79,000 4,000
3,500,000 857,000
15,000 15,000
147,000 109,000
2,948,000 823,000
525,000 577,000
268,000 574,000
12,327,000 1,295,000
9,738,000 1,952,000
Undrwtg. Profit Inv. or Loss Income $ $
(from figures supplied by the companies for 2010 business transacted in Canada)
GENERAL COMPANIES (PRIVATE SECTOR) RESULTS
(Continued From Page 44)
0.06 58.94
–2.81 5.79
4.88 34.04
10.55 8.15
3.95 2.59
–1.10 –0.15
9.20 0.00
71.93 0.27
17.57 –2.17
36.70 –0.07
6.70 11.99
Return on Equity %
46
p 046,48,49 Totl Dir Writ Bus 2011.indd 46
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:11 AM
Zurich Insurance Company Ltd................. Chubb Insurance Co of Canada................
Allstate Insurance Co of Canada............... Ontario Mutual Insurance..........................
RBC General Insurance............................. SGI Canada Group....................................
La Capitale Assurances Gen Inc............... American Bankers of Florida.....................
Travelers Canada...................................... Green Shield Canada................................
RBC Insurance Company Of Canada....... Jevco Insurance Company........................
Guarantee Company Of North America.... Gore Mutual Insurance Company.............
ACE INA Insurance................................... GCAN Insurance Company.......................
Alberta Motor Association......................... CNA Canada.............................................
15. 16.
17. 18.
19. 20.
21. 22.
23. 24.
25. 26.
27. 28.
29. 30.
31. 32.
The Economical Insurance Group............. Desjardins General Insurance Group........
9. 10.
Northbridge Financial Corporation............ Chartis Insurance Co of Canada...............
State Farm Insurance Company............... Wawanesa Mutual Insurance....................
7. 8.
13. 14.
RSA Canada Group................................... AXA Canada Group Of Companies...........
5. 6.
Lloyd’s Underwriters................................. The Dominion Of Canada..........................
TD General Insurance................................ Co–operators General Insurance Co.........
3. 4.
11. 12.
Intact Financial Corporation...................... Aviva Canada Inc......................................
1. 2.
Company
252,313,000 245,074,000
294,776,000 266,660,000
323,704,000 303,797,000
339,239,000 334,664,000
365,555,000 341,383,000
454,336,000 425,783,000
478,789,000 468,537,000
624,869,000 598,577,000
898,267,000 637,760,000
1,246,638,000 1,005,920,000
1,625,295,000 1,268,555,000
1,704,141,000 1,646,423,000
1,944,165,000 1,936,951,000
2,090,982,000 1,985,806,000
2,382,705,000 2,301,705,000
4,474,719,000 3,303,785,000
Totals $
1,639,000
2,282,000 1,892,000
2,455,000 37,000
1,771,000 1,573,000
5,613,000 2,773,000
5,427,000
2,428,000 7,000
5,806,000 1,447,000
24,950,000 9,212,000
15,630,000 40,712,000
21,855,000 4,612,000
127,059,000 59,587,000
12,806,000 83,732,000
1,168,000 97,734,000
Nfld. $
457,000
755,000 368,000
991,000 2,000
1,109,000 47,000
854,000 339,000
1,375,000
3,378,000 9,857,000
955,000 325,000
5,649,000 2,416,000
3,951,000 15,457,000
4,739,000 4,318,000
7,752,000
8,421,000 220,000
5,512,000 18,319,000
8,786,000 15,533,000
P.E.I. $
2,065,000
4,465,000 3,985,000
5,364,000 311,000
8,880,000 921,000
8,582,000 3,289,000
9,777,000
11,997,000 5,282,000
13,377,000
11,138,000 3,736,000
27,394,000 13,808,000
27,248,000 48,867,000
59,043,000 28,594,000
61,168,000
113,460,000 25,140,000
61,175,000 63,966,000
137,894,000 111,695,000
N.S. $
37,798,000
50,484,000 39,721,000
47,676,000
31,846,000 86,006,000
48,460,000 4,204,000
454,336,000 57,787,000
35,952,000 10,000
79,215,000
145,383,000 109,301,000
171,607,000 169,569,000
263,016,000 3,236,000
123,881,000 1,001,945,000
82,427,000
96,948,000 851,287,000
213,215,000 316,585,000
1,096,712,000 501,932,000
Quebec $
(Continued On Page 48)
2,139,000
8,056,000 2,448,000
4,864,000 64,000
3,598,000 1,164,000
5,885,000 1,367,000
7,344,000
9,590,000 8,393,000
30,455,000
12,339,000 3,689,000
27,834,000 20,948,000
20,673,000 21,584,000
57,344,000 14,318,000
48,620,000 99,902,000
54,528,000 51,389,000
43,915,000 57,522,000
44,043,000 89,292,000
N.B. $
105,000 97,416,000
123,513,000 103,668,000
219,590,000 248,670,000
192,785,000 211,916,000
149,984,000 233,701,000
163,807,000
362,854,000 49,033,000
425,260,000 598,577,000
385,168,000 343,012,000
665,886,000 391,090,000
487,955,000 926,807,000
1,007,647,000 530,241,000
1,730,739,000 587,914,000
1,052,093,000 539,346,000
1,446,984,000 977,564,000
2,073,960,000 1,706,828,000
Ontario $
9,434,000 12,187,000
10,224,000 6,912,000
5,953,000 253,000
8,830,000 1,019,000
14,465,000 7,801,000
13,519,000
747,000 16,692,000
18,721,000 9,754,000
22,129,000 26,609,000
38,634,000 1,697,000
8,171,000 4,873,000
95,773,000
20,427,000 11,116,000
3,363,000 43,697,000
57,378,000 63,276,000
Manitoba $
(Excludes A&S and Reinsurance Companies)
By company – on a province by province basis
16,000 6,881,000
10,220,000 12,536,000
2,097,000 108,000
4,750,000 499,000
12,987,000 2,590,000
13,286,000
862,000 342,352,000
18,844,000 4,826,000
22,702,000 29,399,000
29,809,000 1,581,000
1,948,000 901,000
90,124,000
13,059,000 8,494,000
2,342,000 65,294,000
2,302,000 50,113,000
Sask. $
Alberta $
242,672,000 47,018,000
52,358,000 54,805,000
20,436,000 1,734,000
43,045,000 28,713,000
61,576,000 26,152,000
56,500,000
43,824,000 36,744,000
76,376,000
168,619,000 75,949,000
161,079,000 215,840,000
314,802,000 142,492,000
189,760,000 52,186,000
164,104,000 719,053,000
318,741,000 208,184,000
565,772,000 505,693,000
813,701,000 402,102,000
2010 TOTAL DIRECT WRITTEN BUSINESS
86,000 36,681,000
30,804,000 38,717,000
13,247,000 52,515,000
42,045,000 2,578,000
52,212,000 58,382,000
92,681,000
6,366,000 118,000
–1,000
120,466,000 85,209,000
112,978,000 116,195,000
404,498,000 62,000,000
229,125,000 2,820,000
185,991,000
276,014,000 225,890,000
16,148,000 157,274,000
226,904,000 247,597,000
B.C. $
166,000
153,000 532,000
57,000 20,000
280,000 101,000
1,445,000 253,000
777,000
343,000 13,000
28,000
705,000 279,000
1,253,000 1,690,000
8,477,000 1,993,000
141,000 402,000
117,000 6,258,000
3,659,000 2,180,000
6,430,000 5,605,000
3,177,000 6,223,000
Yukon $
302,000
561,000 823,000
965,000 66,000
276,000 102,000
2,084,000 484,000
2,941,000
261,000 27,000
127,000
9,050,000 202,000
2,361,000 7,448,000
5,813,000 1,722,000
368,000 1,123,000
464,000 460,000
3,766,000 2,846,000
4,691,000 5,838,000
7,863,000 10,908,000
N.W.T. $
325,000
901,000 253,000
9,000 17,000
24,000 25,000
1,408,000 48,000
562,000
187,000 9,000
32,000
73,000 31,000
816,000 1,696,000
4,789,000 407,000
119,000 90,000
121,000 129,000
2,807,000 127,000
352,000 616,000
831,000 552,000
Nunavut $
Legacy
le•ga•see / noun / obsolete . handed down from the past / adjective / of or pertaining to old or outdated computer hardware, software, or data that, while still functional, does not work well with up-to-date systems.
Legacy Replacement le • ga • see ri• plās• mənt
/ noun / the use of Duck Creek products and processes to take the risk out of migrating to modern technology, enabling insurance carriers to roll out new products faster and leverage their investment in existing products. see: Duck Creek Technologies
Duck Creek Policy Administration™ • Duck Creek Rating™ • Duck Creek Billing™
duckcreektech.com
p 047 DUCK CREEK Ad 2011.indd 47
17/05/11 8:12 AM
48
p 046,48,49 Totl Dir Writ Bus 2011.indd 48
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:11 AM
137,483,000 135,409,000 132,734,000 129,807,000
Motors Insurance Corporation.................. Echelon General Insurance.......................
SSQ, Societe D’Assurances Generales.... Peace Hills General Insurance..................
Industrielle Alliance Compagnie................ Pembridge Insurance Company................
CAA Insurance Company (Ontario).......... L’Unique Assurances Generales...............
FCT............................................................ York Fire & Casualty Insurance.................
Canadian Direct Insurance........................ XL Insurance..............................................
Optimum General Inc................................ Affiliated FM Insurance Company.............
Arch Insurance (Canada)........................... Cumis General Insurance..........................
Pafco Insurance Company........................ Stewart Title Guaranty Company..............
North Waterloo Farmers Mutual................ Red River Mutual.......................................
Old Republic Insurance Company............ Great American Insurance.........................
Grain Insurance & Guarantee.................... Co–operative Hail Ins Co Ltd....................
Saskatchewan Mutual Insurance.............. Lumbermen’s Underwriting Alliance.........
Trisura Guarantee Insurance..................... Le Groupe Estrie–Richelieu.......................
Legacy General Insurance......................... Ontario School Board’s Insurance............
Euler Hermes American Credit.................. Mutual Fire Insurance Co of BC................
37. 38.
39. 40.
41. 42.
43. 44.
45. 46.
47. 48.
49. 50.
51. 52.
53. 54.
55. 56.
57. 58.
59. 60.
61. 62.
63. 64.
65. 66.
67. 68.
32,184,000 30,386,000
38,271,000 35,919,000
44,343,000 41,018,000
45,528,000 45,119,000
53,905,000 49,017,000
59,644,000 57,529,000
69,379,000 62,879,000
78,481,000 75,971,000
94,826,000 92,008,000
104,601,000 99,197,000
124,451,000 108,610,000
155,030,000 138,048,000
171,079,000 163,014,000
180,642,000 177,852,000
189,475,000 188,632,000
Liberty Mutual Insurance........................... Portage La Prairie Mutual..........................
35. 36.
245,056,000 237,165,000
Factory Mutual Insurance Company......... Allianz Global Risks US.............................
Totals $
33. 34.
Company
(Continued From Page 46)
129,000
913,000
411,000
147,000
767,000
532,000 315,000
447,000
328,000 685,000
803,000
994,000
2,215,000
190,000 108,000
2,122,000 3,181,000
5,593,000 2,575,000
Nfld. $
270,000
176,000
45,000
30,000
219,000
128,000 30,000
271,000
143,000 818,000
287,000
48,000
430,000
878,000 2,000
34,000 733,000
365,000 3,669,000
760,000 753,000
P.E.I. $
533,000
1,457,000
1,217,000
453,000
2,301,000
1,375,000 1,106,000
1,415,000 1,832,000
1,636,000 5,363,000
1,637,000
3,813,000
2,398,000
3,577,000 119,000
14,413,000
279,000 13,603,000
2,964,000 38,956,000
5,438,000 3,340,000
N.S. $
10,993,000
1,084,000
1,002,000
1,423,000
1,813,000
2,080,000 1,266,000
1,176,000 1,239,000
1,577,000 4,381,000
576,000
2,692,000
2,898,000
3,546,000 352,000
15,551,000
256,000 437,000
3,311,000 12,117,000
9,976,000 5,072,000
N.B. $
17,326,000
4,113,000
4,487,000 41,018,000
23,744,000
538,000
536,000 2,847,000
20,445,000 2,855,000
7,327,000 2,000
26,427,000 40,651,000
17,804,000
8,409,000
118,152,000
155,030,000 2,669,000
171,079,000
3,629,000 19,425,000
26,396,000
42,345,000 43,947,000
Quebec $
256,000
15,928,000 35,919,000
23,593,000
6,230,000
11,245,000
45,756,000 23,590,000
69,379,000
55,443,000 58,854,000
52,491,000 53,891,000
42,651,000 33,981,000
44,782,000
74,835,000 128,403,000
129,482,000 374,000
94,226,000
159,788,000 127,915,000
89,158,000 38,530,000
72,854,000 84,945,000
Ontario $
18,000
1,664,000
2,186,000
6,132,000 458,000
5,909,000 8,038,000
224,000 1,862,000
57,170,000
1,507,000
2,827,000 9,324,000
5,101,000 3,191,000
2,761,000
5,801,000
11,510,000
517,000 536,000
3,758,000 44,541,000
6,541,000 6,910,000
Manitoba $
By company – on a province by province basis (Excludes A&S and Reinsurance Companies)
2010 TOTAL DIRECT WRITTEN BUSINESS
426,000 180,000
1,805,000
532,000
29,521,000 177,000
12,115,000 40,979,000
130,000 2,406,000
5,709,000
691,000
1,462,000 4,202,000
214,000 2,072,000
3,533,000
4,485,000
5,686,000
1,297,000 1,280,000
4,068,000 10,497,000
13,027,000 10,399,000
Sask. $
2,233,000 1,475,000
6,816,000
4,739,000
9,875,000 2,894,000
7,373,000
6,522,000 11,260,000
1,636,000
19,255,000 8,270,000
5,313,000 6,752,000
54,731,000 18,195,000
13,804,000 1,404,000
33,000
11,132,000
112,112,000
8,886,000 5,609,000
39,326,000 36,358,000
39,906,000 40,485,000
Alberta $
28,731,000
4,110,000
5,365,000
9,561,000
11,526,000
2,286,000 12,710,000
6,616,000
7,740,000 5,072,000
38,167,000 9,205,000
69,720,000 13,562,000
17,101,000
16,377,000
30,294,000
5,727,000 8,147,000
17,611,000 783,000
46,605,000 35,932,000
B.C. $
59,000
289,000
2,000
64,000
26,000 92,000
1,000
19,000
3,000
227,000
180,000
9,000
1,507,000
6,000 18,000
237,000
345,000 1,649,000
Yukon $
124,000
382,000
35,000
33,000 45,000
2,000 19,000
20,000
39,000
152,000
119,000
39,000
1,297,000
29,000 33,000
17,000
870,000 961,000
N.W.T. $
22,000
95,000
16,000
3,000
1,000
47,000
59,000
9,000
608,000
4,000 8,000
142,000
796,000 197,000
Nunavut $
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 046,48,49 Totl Dir Writ Bus 2011.indd 49
49
26/05/11 9:37 AM
Triton Insurance......................................... Tokio Marine & Nichido Fire......................
Omega General Insurance......................... PEI Mutual Insurance Company................
Hartford Fire Insurance............................. Mennonite Mutual Fire Insurance..............
The Mearie Group..................................... Pacific Coast Fishermen’s Mut.................
Kings Mutual Insurance Company............ American Road Insurance Company........
Sompo Japan Insurance Inc..................... Antigonish Farmers’ Mutual......................
Fundy Mutual Insurance............................ Clare Mutual Insurance Company.............
Pool Insurance Company..........................
TOTALS.................................................... 40,643,588,000
73. 74.
75. 76.
77. 78.
79. 80.
81. 82.
83. 84.
85. 86.
87.
934,000
3,115,000 2,564,000
5,376,000 4,683,000
6,875,000 5,886,000
9,246,000 6,942,000
15,795,000 12,737,000
17,428,000 15,855,000
21,636,000 19,322,000
23,390,000 23,094,000
Western Surety Company......................... Mitsui Sumitomo Insurance.......................
71. 72.
27,139,000 25,006,000
Boiler Inspection & Insurance Co.............. Berkley Insurance Company.....................
Totals $
69. 70.
Company
560,030,000
139,000
–1,000
127,000
1,310,000 33,000
1,036,000 174,000
181,000 369,000
Nfld. $
148,105,000
5,000
8,000
16,000 15,855,000
3,000 1,000
126,000 11,000
91,000 15,000
P.E.I. $
999,620,000
2,564,000
7,000 4,683,000
6,867,000 215,000
24,000
238,000
897,000 143,000
740,000 316,000
670,000 410,000
N.S. $
844,950,000
3,115,000
1,000
3,000 109,000
52,000
168,000
1,097,000 26,000
1,152,000 115,000
916,000 71,000
N.B. $
6,945,141,000
419,000
1,488,000
679,000
201,000
6,729,000 1,058,000
17,000 2,781,000
6,142,000 3,887,000
Quebec $
19,694,231,000
4,044,000
1,776,000
9,246,000
6,965,000
8,259,000
2,929,000 11,601,000
3,530,000 12,076,000
10,491,000 14,702,000
Ontario $
727,833,000
145,000
4,000
181,000
1,041,000
228,000
814,000 24,000
1,960,000 369,000
615,000 312,000
Manitoba $
By company – on a province by province basis (Excludes A&S and Reinsurance Companies)
2010 TOTAL DIRECT WRITTEN BUSINESS
931,916,000
446,000
76,000
282,000
2,019,000 12,737,000
138,000
859,000 14,000
5,193,000 167,000
1,843,000 327,000
Sask. $
6,314,149,000
330,000
182,000
1,136,000
4,111,000
3,490,000
4,216,000 1,928,000
4,975,000 2,587,000
2,453,000 2,317,000
Alberta $
3,334,292,000
13,000
643,000
527,000
6,942,000
896,000
4,549,000
2,560,000 4,467,000
4,602,000 4,246,000
3,646,000 2,713,000
B.C. $
57,684,000
8,000
8,000
96,000 2,000
3,000 61,000
4,000 12,000
Yukon $
78,615,000
25,000
1,000
4,000
126,000 24,000
34,000 165,000
69,000 9,000
N.W.T. $
19,432,000
2,000
1,000
22,000 26,000
18,000
Nunavut $
50
p 050, 52 DW Auto 2011.indd 50
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
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17. 18.
19. 20.
21. 22.
23. 24.
25. 26.
27. 28.
29. 30.
31. 32.
33. 34.
35. 36.
37. 38.
11. 12.
9. 10.
15. 16.
7. 8.
5. 6.
13. 14.
3. 4.
1. 2.
Peace Hills General Insurance........... ACE INA Insurance............................
Chubb Insurance Co of Canada........ Motors Insurance Corporation...........
L’Unique Assurances Generales........ Chartis Insurance Co of Canada........
Canadian Direct Insurance................. Pafco Insurance Company.................
Guarantee Co Of North America........ Portage La Prairie Mutual...................
SSQ, Societe D’Assurances Gen....... RBC Insurance Co Of Canada...........
York Fire & Casualty Insurance.......... Industrielle Alliance Compagnie.........
CAA Insurance Company (Ontario)... Pembridge Insurance Company........
Gore Mutual Insurance Company...... Echelon General Insurance................
Alberta Motor Association.................. Zurich Insurance Company Ltd..........
Ontario Mutual Insurance................... SGI Canada Group.............................
Jevco Insurance Company................ La Capitale Assurances Gen Inc........
Allstate Insurance Co of Canada....... RBC General Insurance......................
The Dominion Of Canada................... Northbridge Financial Corporation.....
The Economical Insurance Group...... AXA Canada Group Of Companies....
Co–operators General Insurance ...... Desjardins General Ins Group............
RSA Canada Group............................ Wawanesa Mutual Insurance.............
Aviva Canada Inc............................... State Farm Insurance Company........
Intact Financial Corporation............... TD General Insurance........................
Company 5,000 8,844,000
Nfld. $
64,036,000 54,281,000
66,049,000 65,296,000
72,804,000 70,259,000
88,046,000 78,481,000
91,188,000 89,982,000
98,079,000 92,313,000
101,960,000 98,677,000
114,517,000 107,564,000
157,635,000 141,691,000
193,062,000 192,758,000
248,862,000 194,494,000
282,515,000 267,470,000
453,688,000 378,501,000
513,000
97,000 187,000
566,000
59,000 2,252,000
823,000
13,000
1,922,000
787,969,000 32,071,000 548,252,000 9,805,000
923,059,000 14,740,000 894,817,000 42,293,000
1,104,241,000 46,928,000 1,041,518,000 3,528,000
1,116,123,000 88,301,000 1,113,594,000
1,706,502,000 63,385,000 1,440,923,000
2,547,924,000 1,761,642,000
Totals $
320,000
33,000
64,000
15,000 3,003,000
170,000
806,000
716,000
204,000
7,557,000
3,159,000
10,696,000 2,782,000
2,344,000
10,228,000 3,685,000
5,185,000 6,485,000
10,472,000
5,172,000 4,725,000
P.E.I. $
1,619,000
56,000 252,000
1,949,000
1,415,000
688,000 26,533,000
1,448,000
2,939,000 10,681,000
13,379,000
3,121,000
3,370,000
107,000
9,724,000 8,727,000
30,788,000 12,734,000
30,324,000 12,046,000
28,247,000 20,620,000
58,699,000 43,682,000
70,292,000
73,386,000 44,484,000
N.S. $
6,267,000
6,889,000 3,548,000
56,445,000 7,540,000
20,445,000
1,689,000
98,079,000
98,677,000
1,000
12,245,000
33,043,000
52,772,000 267,470,000
43,211,000 21,300,000
630,000 57,231,000
43,054,000 354,849,000
134,936,000 511,533,000
16,926,000 57,342,000
261,635,000
542,232,000 115,530,000
Quebec $
(Continued On Page 52)
3,427,000
2,000 251,000
3,163,000
1,176,000
522,000 7,784,000
920,000
2,931,000 12,044,000
223,000
5,358,000
5,461,000
50,000
23,293,000 7,662,000
13,311,000 16,872,000
34,345,000 33,034,000
28,878,000 11,011,000
30,726,000 77,244,000
54,332,000 30,855,000
21,463,000 33,506,000
N.B. $
27,839,000
55,842,000 56,820,000
44,677,000
55,443,000
87,115,000 25,974,000
80,658,000
100,626,000
107,841,000 75,627,000
157,537,000 112,307,000
87,492,000
248,862,000 35,311,000
202,932,000
320,469,000 297,824,000
620,384,000 362,318,000
625,616,000 345,995,000
593,333,000 447,921,000
670,859,000 447,502,000
1,012,596,000 1,288,377,000
1,359,162,000 1,135,372,000
Ontario $
937,000
76,000 505,000
749,000
3,000
750,000
65,000
339,000
106,000 889,000
7,000 4,000
802,000
82,000
1,424,000
914,000
Manitoba $
(Excludes A&S and Reinsurance Companies)
2010 DIRECT WRITTEN AUTO
By company – on a province by province basis
734,000
62,000 576,000
611,000
1,079,000
778,000
1,291,000
119,483,000
281,000
48,000 2,190,000
93,000
7,535,000
346,000
5,450,000
30,000
Sask. $
62,487,000 10,928,000
2,783,000 2,544,000
8,443,000
46,267,000
1,051,000 23,357,000
9,007,000
1,334,000
9,154,000
673,000
193,062,000 57,587,000
23,197,000
26,504,000
56,804,000 34,940,000
76,957,000 78,988,000
109,912,000 101,196,000
248,240,000 41,880,000
198,863,000 476,568,000
217,214,000 120,989,000
526,899,000 410,692,000
Alberta $
1,384,000
236,000 544,000
16,359,000 2,383,000
41,779,000
3,000
1,327,000
2,064,000
4,000
1,817,000
898,000 2,996,000
62,089,000 4,067,000
70,000
41,018,000
2,460,000
12,110,000
B.C. $
N.W.T. $
872,000 95,000
3,000
32,000
9,000
37,000
9,000
18,000 9,000
364,000
10,000
46,000
28,000 230,000
1,224,000 471,000
141,000 671,000
557,000 198,000
6,000 29,000
62,000
2,000
28,000
59,000
39,000
63,000 23,000
588,000
27,000
66,000
127,000 223,000
645,000 704,000
368,000 442,000
2,646,000 2,254,000 339,000 928,000
1,619,000 2,181,000 4,182,000 460,000
3,177,000 3,568,000 117,000 464,000
2,197,000 3,893,000 4,756,000 3,467,000
Yukon $
120,000 20,000
4,000
20,000
9,000
14,000
9,000
17,000 8,000
73,000
9,000
25,000
32,000 77,000
211,000 272,000
119,000 127,000
144,000 73,000
1,318,000 129,000
497,000 121,000
461,000 266,000
Nunavut $
Repairing and Caring This year, CARSTAR will be introducing our sustainability plan which focuses on our commitment to being the social and environmental leader in the Canadian collision repair industry. Our social commitment is highlighted by our dedication to continue raising funds for research and treatment of cystic fibrosis. With the help of our Insurance and Vendor Partners, CARSTAR has raised $1.8 million to help find a cure for this disease.
p 051 CARSTAR Ad 2011.indd 51
Environmentally, CARSTAR Collision Centres will also be implementing practices to increase resource efficiency and reduce environmental impact. For more information on our sustainability plan, contact sustainability@carstar.ca. Over 150 locations in 10 provinces.
25/05/11 9:44 AM
52
p 050, 52 DW Auto 2011.indd 52
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:13 AM
59.
51. 52.
57. 58.
49. 50.
47. 48.
55. 56.
45. 46.
43. 44.
53. 54.
41. 42.
39. 40.
248,000
832,000 318,000
1,372,000 1,073,000
3,765,000 1,595,000
5,242,000 5,134,000
8,721,000 5,886,000
17,100,000 12,448,000
22,027,000 18,302,000
33,518,000 30,280,000
36,678,000 35,189,000
50,338,000 50,217,000
Totals $
1,000
–2,000
26,000
27,000 16,000
139,000
226,000 4,000
10,000 103,000
367,000
146,000
444,000 665,000
Nfld. $
Totals................................................. 19,191,055,000 318,504,000
XL Insurance......................................
Hartford Fire Insurance...................... Mennonite Mutual Fire Insurance.......
The Mearie Group.............................. Le Groupe Estrie–Richelieu................
Mitsui Sumitomo Insurance............... Ontario School Board’s Insurance.....
Allianz Global Risks US...................... Tokio Marine & Nichido Fire...............
Saskatchewan Mutual Insurance....... American Road Insurance Co............
GCAN Insurance Company................ Lloyd’s Underwriters..........................
Arch Insurance (Canada).................... CNA Canada......................................
Liberty Mutual Insurance.................... North Waterloo Farmers Mutual.........
Cumis General Insurance................... Optimum General Inc.........................
Old Republic Insurance Company..... Travelers Canada...............................
Company
(Continued From Page 50)
–3,000
15,000
34,000
80,000 71,000
215,000
302,000
89,000
285,000
2,668,000
1,207,000 2,091,000
N.S. $
78,584,000 518,364,000
–5,000
1,000
3,000
25,000
43,000 4,000
29,000
378,000
105,000 180,000
P.E.I. $
31,000
105,000
1,073,000
225,000
554,000 390,000
1,488,000
2,718,000 7,751,000
38,000 1,336,000
2,698,000
3,734,000
396,000 2,858,000
Quebec $
111,000
523,000
1,372,000
2,832,000 1,595,000
1,915,000 4,287,000
1,776,000
7,037,000 618,000
20,986,000 9,003,000
17,167,000 30,280,000
29,871,000 28,466,000
40,031,000 24,282,000
Ontario $
465,908,000 2,850,914,000 11,312,783,000
6,000
9,000
22,000
47,000 19,000
109,000
317,000 1,000
132,000
605,000
1,201,000
1,855,000 1,741,000
N.B. $
(Excludes A&S and Reinsurance Companies)
2010 DIRECT WRITTEN AUTO
10,210,000
3,000
6,000
3,000
19,000 1,000
1,428,000 181,000
64,000 14,000
18,000 325,000
133,000
16,000
158,000 189,000
Manitoba $
By company – on a province by province basis
77,000
126,000
591,000
2,362,000 262,000
1,000 1,136,000
5,484,000 2,002,000
894,000 6,671,000
10,334,000
2,364,000 2,989,000
5,755,000 16,060,000
Alberta $
150,011,000 3,235,628,000
1,000
6,000 318,000
45,000 1,000
7,292,000 282,000
105,000 29,000
38,000 157,000
290,000
28,000
91,000 741,000
Sask. $
199,450,000
13,000
43,000
26,000
143,000 81,000
527,000
451,000 1,976,000
390,000
1,546,000
6,000
221,000 419,000
B.C. $
12,000
4,000
21,000 3,000
25,000
112,000
53,000
17,000
33,000 358,000
N.W.T. $
24,065,000 22,109,000
1,000
19,000 2,000
8,000
250,000 53,000
25,000
40,000
26,000 339,000
Yukon $
4,525,000
1,000
1,000
7,000 1,000
9,000
14,000
7,000
16,000 294,000
Nunavut $
Experience Totals for Federal And Provincially Registered Companies On An “Earned” Basis
Net Premiums Earned $
Net Losses Incurred $
Loss Ratio %
PROPERTY TOTAL
50.99 40.05 64.96 48.71 58.77 52.76
AUTO TOTAL
MORTGAGE 2006 0 0 0.00 2007 1,000 0 0.00 2008 0 0 0.00 2009 0 0 0.00 2010 7,097,000 7,351,000 103.58 Total 7,098,000 7,351,000 103.56 2010 Net Premiums Written: 7,097,000 2010 Direct Written Premiums: 7,097,000
MARINE
CREDIT 2006 27,974,000 14,670,000 2007 27,238,000 16,761,000 2008 24,756,000 24,044,000 2009 27,169,000 12,217,000 2010 25,257,000 6,605,000 Total 132,394,000 74,297,000 2010 Net Premiums Written: 22,909,000 2010 Direct Written Premiums: 44,916,000
2006 4,295,754,000 2,291,610,000 53.35 2007 4,300,568,000 2,318,421,000 53.91 2008 4,355,595,000 2,486,934,000 57.10 2009 4,660,621,000 2,732,567,000 58.63 2010 4,581,235,000 2,652,155,000 57.89 Total 22,193,773,000 12,481,687,000 56.24 2010 Net Premiums Written: 4,565,832,000 2010 Direct Written Premiums: 4,866,661,000
CLASSES
25.25 24.83 73.19 26.93 36.78 37.23
52.44 61.54 97.12 44.97 26.15 56.12
2006 260,329,000 177,940,000 2007 258,754,000 120,843,000 2008 257,083,000 129,383,000 2009 266,445,000 142,818,000 2010 271,030,000 118,961,000 Total 1,313,641,000 689,945,000 2010 Net Premiums Written: 275,190,000 2010 Direct Written Premiums: 315,113,000
68.35 46.70 50.33 53.60 43.89 52.52
CREDIT PROTECTION
ACCIDENT & SICKNESS
2006 72,113,000 2,066,000 2.86 2007 45,281,000 2,010,000 4.44 2008 40,525,000 1,751,000 4.32 2009 33,921,000 –13,424,000 –39.57 2010 32,457,000 4,407,000 13.58 Total 224,297,000 –3,190,000 –1.42 2010 Net Premiums Written: 32,381,000 2010 Direct Written Premiums: 214,541,000
2006 442,535,000 121,736,000 27.51 2007 462,608,000 174,225,000 37.66 2008 776,851,000 410,519,000 52.84 2009 913,550,000 522,486,000 57.19 2010 932,580,000 536,065,000 57.48 Total 3,528,124,000 1,765,031,000 50.03 2010 Net Premiums Written: 914,033,000 2010 Direct Written Premiums: 1,057,713,000
ALL CLASSES COMBINED
FIDELITY 2006 98,026,000 36,353,000 2007 95,698,000 33,660,000 2008 98,153,000 59,661,000 2009 112,938,000 56,286,000 2010 116,282,000 41,779,000 Total 521,097,000 227,739,000 2010 Net Premiums Written: 116,023,000 2010 Direct Written Premiums: 123,845,000
37.09 35.17 60.78 49.84 35.93 43.70
2006 32,440,610,000 19,436,076,000 59.91 2007 33,219,871,000 20,977,576,000 63.15 2008 34,816,236,000 24,634,224,000 70.75 2009 36,826,800,000 25,696,586,000 69.78 2010 38,471,306,000 26,846,444,000 69.78 Total 175,774,823,000 117,590,906,000 66.90 2010 Net Premiums Written: 39,401,670,000 2010 Direct Written Premiums: 41,051,894,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 053 Five Yr Rec 2011.indd 53
8.48 32.59 41.30 44.31 89.32 37.38
LIABILITY
BY
BOILER & MACHINERY 2006 294,048,000 74,253,000 2007 292,055,000 72,521,000 2008 289,772,000 212,090,000 2009 304,283,000 81,931,000 2010 320,951,000 118,032,000 Total 1,501,109,000 558,827,000 2010 Net Premiums Written: 306,940,000 2010 Direct Written Premiums: 344,923,000
80.00 79.75 96.50 17.73 57.29 65.13
LEGAL EXPENSE 2006 21,821,000 1,850,000 2007 10,555,000 3,440,000 2008 16,347,000 6,751,000 2009 17,572,000 7,787,000 2010 9,538,000 8,519,000 Total 75,833,000 28,347,000 2010 Net Premiums Written: 9,178,000 2010 Direct Written Premiums: 11,160,000
RECORD
2006 16,225,967,000 10,885,613,000 67.09 2007 16,475,076,000 11,662,813,000 70.79 2008 16,929,466,000 12,983,972,000 76.69 2009 17,551,134,000 13,310,846,000 75.84 2010 18,481,326,000 15,135,906,000 81.90 Total 85,662,969,000 63,979,150,000 74.69 2010 Net Premiums Written: 19,013,597,000 2010 Direct Written Premiums: 19,196,838,000
Loss Ratio %
2006 35,156,000 28,125,000 2007 47,725,000 38,059,000 2008 55,143,000 53,215,000 2009 53,045,000 9,405,000 2010 55,784,000 31,960,000 Total 246,853,000 160,764,000 2010 Net Premiums Written: 55,545,000 2010 Direct Written Premiums: 57,852,000
YEAR
AIRCRAFT 2006 191,516,000 97,650,000 2007 188,318,000 75,413,000 2008 199,777,000 129,770,000 2009 223,835,000 109,025,000 2010 199,599,000 117,303,000 Total 1,003,045,000 529,161,000 2010 Net Premiums Written: 204,790,000 2010 Direct Written Premiums: 264,781,000
Net Losses Incurred $
HAIL
FIVE
2006 10,063,472,000 5,616,709,000 55.81 2007 10,554,765,000 6,370,411,000 60.36 2008 11,227,243,000 8,010,373,000 71.35 2009 12,109,180,000 8,607,110,000 71.08 2010 12,814,609,000 7,887,175,000 61.55 Total 56,769,269,000 36,491,778,000 64.28 2010 Net Premiums Written: 13,243,950,000 2010 Direct Written Premiums: 13,823,746,000
Net Premiums Earned $
OTHER APPROVED PRODUCTS 2006 0 0 0.00 2007 2,197,000 1,108,000 50.43 2008 1,130,000 200,000 17.70 2009 1,232,000 –1,114,000 –90.42 2010 133,000 5,000 3.76 Total 4,692,000 199,000 4.24 2010 Net Premiums Written: 349,000 2010 Direct Written Premiums: 1,431,000
SURETY 2006 285,523,000 49,439,000 2007 310,965,000 50,058,000 2008 343,867,000 59,376,000 2009 368,013,000 62,344,000 2010 421,820,000 131,669,000 Total 1,730,188,000 352,886,000 2010 Net Premiums Written: 432,190,000 2010 Direct Written Premiums: 519,611,000
17.32 16.10 17.27 16.94 31.21 20.40
TITLE 2006 126,376,000 38,062,000 2007 148,067,000 37,833,000 2008 200,528,000 66,185,000 2009 183,862,000 56,302,000 2010 201,608,000 48,552,000 Total 860,441,000 246,934,000 2010 Net Premiums Written: 201,666,000 2010 Direct Written Premiums: 201,666,000
30.12 25.55 33.01 30.62 24.08 28.70
53
17/05/11 8:13 AM
54
p 054 Reinsur Results 2011.indd 54
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
25/05/11 4:25 PM
Premiums Written $
291,363,000
Munich Reinsurance Cda Group...............
SCOR Canada Reinsurance......................
Everest Reinsurance Company.................
Swiss Reinsurance Group.........................
Hannover Ruckversicherung AG...............
Transatlantic Reinsurance.........................
Farm Mutual Reinsurance Plan.................
Promutuel Reassurance............................
Partner Reinsurance Company of the U.S.
XL Re America Inc – Cdn Branch..............
Odyssey America Rein Corp.....................
General Reinsurance Corp........................
Aspen Insurance UK Limited.....................
Caisse Centrale De Reassurance..............
Toa Reinsurance Co of America...............
MAPFRE Re Compania De Re, S.A..........
White Mountains Reinsurance..................
Munich Reinsurance America, Inc............
Nipponkoa Insurance Co Ltd....................
T.H.E. Insurance Company.......................
Alea (Bermuda) Ltd...................................
Endurance Reinsurance Corp America.....
TOTALS
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
1,688,286,000
16,000
22,000
88,000
1,015,000
13,954,000
14,279,000
15,760,000
35,832,000
47,990,000
49,252,000
56,301,000
62,137,000
67,687,000
102,301,000
114,108,000
116,566,000
118,055,000
118,613,000
152,062,000
154,699,000
156,186,000
Net
Net
1,692,401,000
16,000
24,000
54,000
1,027,000
12,904,000
12,375,000
15,470,000
34,576,000
47,407,000
54,045,000
55,484,000
60,615,000
71,321,000
106,899,000
111,274,000
113,988,000
119,891,000
113,999,000
154,843,000
149,910,000
160,345,000
295,934,000
$
100% Basis
Earned
Premiums
–50.00
23.56
33.80
6.92
51.08
72.48
62.89
64.11
25.81
65.24
45.73
81.16
52.32
101.17
68.89
76.61
34.68
60.94
75.01
61.71
%
Ratio
1,066,471,000
63.02
–569,000 –3,556.25
330,429,000
–169,000
54,000
14,000
141,000
3,828,000
2,784,000
3,277,000
5,204,000
11,777,000
8,357,000
4,381,000
11,557,000
18,094,000
26,533,000
25,028,000
11,545,000
23,727,000
24,554,000
12,847,000
30,720,000
34,881,000
71,295,000
$
Commissions
12,457,000
0
0
3,000
14,000
77,000
0
0
0
202,000
0
91,000
0
1,298,000
0
318,000
0
19,000
0
4,343,000
0
0
6,092,000
$
Taxes
Loss
141,418,000
174,000
365,000
103,000
399,000
667,000
1,927,000
552,000
3,536,000
3,345,000
7,828,000
12,176,000
2,640,000
9,029,000
6,738,000
10,095,000
9,575,000
3,550,000
2,343,000
24,208,000
6,396,000
8,708,000
27,064,000
$
Expenses
General
Earned
–500,000 –2,083.33
–27,000
242,000
4,362,000
856,000
7,902,000
25,059,000
29,813,000
34,650,000
14,320,000
39,544,000
32,618,000
86,762,000
58,218,000
115,325,000
82,592,000
87,335,000
53,699,000
91,355,000
120,282,000
182,633,000
$
Expenses
& Adjusting
Net Claims
2010 REINSURANCE RESULTS Total
28.62
31.25
1,745.83
222.22
53.94
35.43
38.07
24.75
25.28
32.32
29.95
30.01
23.42
39.85
31.12
31.85
18.53
22.77
23.59
26.74
24.76
27.18
35.30
%
Ratio
Expense
Combined
91.63
–3,525.00
–337.50
172.22
77.50
69.23
44.99
75.83
97.76
95.21
94.06
55.82
88.66
85.58
112.28
84.17
119.70
91.66
100.20
61.42
85.70
102.19
97.01
%
Ratio
Loss & Exp.
142,661,000
580,000
105,000
–39,000
231,000
3,970,000
6,808,000
3,739,000
777,000
2,270,000
3,210,000
24,516,000
6,874,000
11,318,000
–13,134,000
17,615,000
–22,457,000
10,003,000
–233,000
59,746,000
21,439,000
–3,526,000
8,849,000
$
or Loss
Profit
287,832,000
174,000
500,000
190,000
962,000
7,324,000
2,270,000
1,291,000
7,171,000
5,263,000
5,110,000
5,661,000
21,313,000
12,234,000
18,353,000
8,474,000
39,422,000
15,060,000
17,335,000
9,271,000
23,124,000
14,208,000
73,122,000
$
Income
Inv.
Undrwtg.
3.61
4.18
5.74
3.51
4.47
11.47
14.60
12.11
9.26
7.80
14.39
12.98
10.78
2.41
22.59
9.18
6.14
7.00
9.19
11.03
4.81
13.80
%
Equity
on
Return
ToaRe STAT-AB-CUW
5/21/09
9:49 AM
Page 1
ToaRe
STABILITY The Toa Reinsurance Company of America 200 King Street West Suite: 1001, P.O. Box 41 Toronto, Ontario, Canada M5H 3T4 Phone: 416-366-5888 Fax: 416-366-7444 Web Site: www.toare.com Tokyo • Morristown • Toronto • London • Switzerland • Hong Kong • Kuala Lumpur • Singapore • Taiwan
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:24 AM
613,437,000 580,521,000 453,648,000 398,711,000 388,014,000 385,818,000 339,695,000 293,754,000 282,599,000 230,791,000 206,998,000 171,181,000 170,951,000 120,328,000 106,474,000 101,373,000 98,978,000 98,389,000 95,810,000 91,756,000 90,880,000 89,818,000 77,265,000 69,045,000 59,724,000 58,737,000 58,022,000 55,720,000 55,087,000 47,164,000 44,391,000 41,575,000
3. Co–operators General Insurance Company..
4. Wawanesa Mutual Insurance........................
5. AXA Canada Group Of Companies...............
6. RSA Canada Group.......................................
7. Lloyd’s Underwriters.....................................
8. The Economical Insurance Group.................
9. TD General Insurance....................................
10. Desjardins General Insurance Group............
11. State Farm Insurance Company...................
12. Chartis Insurance Co of Canada...................
13. The Dominion Of Canada..............................
14. Northbridge Financial Corporation................
15. Zurich Insurance Company Ltd.....................
16. Ontario Mutual Insurance..............................
17. Chubb Insurance Co of Canada....................
18. SGI Canada Group........................................
19. Factory Mutual Insurance Company.............
20. Allstate Insurance Co of Canada...................
21. La Capitale Assurances Gen Inc...................
22. Gore Mutual Insurance Company.................
23. ACE INA Insurance.......................................
24. GCAN Insurance Company...........................
25. Peace Hills General Insurance......................
26. RBC General Insurance.................................
27. Allianz Global Risks US.................................
28. Portage La Prairie Mutual..............................
29. Affiliated FM Insurance Company.................
30. Guarantee Company Of North America........
31. Travelers Canada..........................................
32. Optimum General Inc....................................
33. Red River Mutual...........................................
34. SSQ, Societe D’Assurances Generales........
35. Alberta Motor Association.............................
36. Industrielle Alliance Compagnie....................
37. CNA Canada.................................................
38. L’Unique Assurances Generales...................
39. Lumbermen’s Underwriting Alliance.............
40. Grain Insurance & Guarantee........................
622,552,000
647,325,000
670,286,000
726,629,000
787,814,000
964,057,000
1,157,179,000
2. Aviva Canada Inc..........................................
1,573,211,000
1. Intact Financial Corporation..........................
$
Totals
Company
458,000
147,000
118,000
1,146,000
90,000
772,000
790,000
1,773,000
504,000
722,000
714,000
25,000
4,721,000
7,000
492,000
3,137,000
7,948,000
7,272,000
4,076,000
1,084,000
3,689,000
5,268,000
6,026,000
34,344,000
14,743,000
32,374,000
25,033,000
175,000
$
Nfld.
108,000
30,000
73,000
177,000
230,000
268,000
592,000
221,000
219,000
98,000
184,000
2,000
701,000
1,900,000
124,000
545,000
1,505,000
4,146,000
1,523,000
633,000
787,000
1,801,000
1,979,000
2,296,000
48,000
1,086,000
5,878,000
3,351,000
2,559,000
$
P.E.I.
1,571,000
437,000
381,000
1,823,000
730,000
1,523,000
11,092,000
1,132,000
3,262,000
1,189,000
802,000
222,000
3,653,000
4,456,000
1,517,000
600,000
3,984,000
7,599,000
15,831,000
4,376,000
7,974,000
16,691,000
23,957,000
6,537,000
37,356,000
10,164,000
15,912,000
28,639,000
31,126,000
54,609,000
$
N.S.
522,000
23,262,000
47,164,000
3,772,000
55,720,000
58,737,000
18,825,000
11,984,000
26,741,000
37,197,000
9,532,000
13,788,000
18,521,000
22,087,000
170,951,000
36,004,000
33,722,000
10,000
49,292,000
64,641,000
47,485,000
2,186,000
61,957,000
466,028,000
97,106,000
65,582,000
100,974,000
38,628,000
341,550,000
25,029,000
153,326,000
189,505,000
475,025,000
$
Quebec
(Continued On Page 58)
1,283,000
1,407,000
850,000
564,000
454,000
541,000
3,822,000
3,707,000
1,928,000
1,229,000
1,220,000
49,000
7,162,000
8,107,000
2,262,000
1,730,000
4,615,000
6,404,000
6,542,000
6,779,000
16,214,000
3,307,000
10,409,000
18,439,000
10,639,000
18,255,000
13,612,000
21,442,000
23,238,000
26,149,000
18,045,000
$
N.B.
7,381,000
6,134,000
11,263,000
105,000
11,170,000
21,063,000
55,523,000
30,269,000
10,910,000
36,138,000
64,228,000
32,382,000
31,343,000
74,021,000
104,791,000
64,759,000
11,081,000
147,937,000
293,754,000
97,760,000
172,764,000
243,926,000
98,804,000
399,276,000
82,320,000
307,291,000
295,127,000
124,364,000
251,602,000
145,181,000
132,764,000
309,712,000
464,935,000
545,859,000
$
Ontario
4,488,000
451,000
5,107,000
9,434,000
54,352,000
3,988,000
6,120,000
1,576,000
2,835,000
42,486,000
1,985,000
361,000
11,510,000
2,484,000
5,263,000
166,000
5,858,000
14,303,000
3,449,000
11,992,000
9,904,000
1,088,000
9,114,000
4,873,000
3,363,000
6,886,000
18,868,000
10,362,000
3,305,000
92,571,000
37,186,000
47,748,000
48,614,000
$
Manitoba
(Excludes A&S and Reinsurance Companies)
By company – on a province by province basis
9,755,000
177,000
3,433,000
16,000
5,372,000
168,000
3,819,000
122,000
1,910,000
8,951,000
6,303,000
563,000
5,686,000
5,152,000
6,504,000
80,000
11,127,000
189,237,000
1,533,000
12,716,000
13,721,000
1,110,000
16,542,000
901,000
2,342,000
1,487,000
13,540,000
8,481,000
3,740,000
86,463,000
51,669,000
31,333,000
1,500,000
$
Sask.
2010 DIRECT WRITTEN PROPERTY
5,914,000
2,874,000
20,748,000
48,381,000
1,812,000
14,187,000
2,717,000
6,487,000
12,400,000
18,740,000
8,820,000
49,625,000
21,355,000
21,154,000
1,225,000
19,572,000
32,615,000
10,384,000
27,939,000
51,943,000
47,574,000
49,889,000
128,637,000
38,158,000
10,306,000
152,627,000
61,775,000
140,386,000
89,320,000
51,332,000
233,095,000
200,309,000
135,425,000
241,768,000
$
Alberta
10,021,000
9,470,000
9,066,000
86,000
33,082,000
14,585,000
1,635,000
9,038,000
713,000
15,515,000
4,455,000
30,294,000
17,832,000
16,094,000
44,535,000
–1,000
39,263,000
87,000
49,419,000
80,669,000
68,542,000
54,227,000
58,896,000
2,820,000
16,148,000
142,230,000
214,878,000
175,990,000
141,627,000
177,409,000
115,956,000
194,529,000
180,723,000
$
B.C.
48,000
2,000
35,000
309,000
3,000
531,000
113,000
635,000
32,000
32,000
2,000
311,000
3,000
26,000
298,000
599,000
669,000
1,105,000
63,000
1,674,000
3,232,000
1,385,000
479,000
2,043,000
2,423,000
2,411,000
846,000
$
Yukon
26,000
62,000
929,000
37,000
214,000
38,000
740,000
159,000
197,000
1,000
709,000
40,000
7,395,000
1,267,000
954,000
5,284,000
195,000
1,224,000
2,286,000
1,176,000
848,000
2,976,000
5,622,000
3,178,000
$
N.W.T.
179,000
559,000
19,000
110,000
488,000
218,000
880,000
649,000
18,000
506,000
174,000
1,618,000
17,000
86,000
3,616,000
1,091,000
371,000
12,000
310,000
$
Nunavut
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:25 AM
5,796,000 5,781,000 5,301,000 3,999,000 3,616,000 3,455,000 2,766,000 2,278,000 1,682,000 942,000 934,000 510,000 75,000
66. Kings Mutual Insurance Company................
67. Old Republic Insurance Company................
68. Triton Insurance.............................................
69. Antigonish Farmers’ Mutual..........................
70. Sompo Japan Insurance Inc.........................
71. The Mearie Group.........................................
72. Fundy Mutual Insurance................................
73. Clare Mutual Insurance Company.................
74. Boiler Inspection & Insurance Company.......
75. Berkley Insurance Company.........................
76. Pool Insurance Company..............................
77. Legacy General Insurance.............................
78. Trisura Guarantee Insurance.........................
Totals............................................................ 13,708,383,000
6,748,000
65. Mitsui Sumitomo Insurance...........................
8,010,000 7,438,000
64. American Bankers of Florida.........................
10,031,000
63. Hartford Fire Insurance.................................
11,517,000
62. Tokio Marine & Nichido Fire..........................
20,075,000
54. Jevco Insurance Company............................
61. Mennonite Mutual Fire Insurance..................
22,442,000
53. CAA Insurance Company (Ontario)..............
11,992,000
22,835,000
52. York Fire & Casualty Insurance.....................
12,684,000
27,272,000
51. Mutual Fire Insurance Co of BC....................
60. Ontario School Board’s Insurance................
27,576,000
50. Great American Insurance.............................
59. Omega General Insurance.............................
30,484,000
49. Pembridge Insurance Company....................
12,728,000
31,505,000
48. Saskatchewan Mutual Insurance..................
58. Motors Insurance Corporation......................
32,584,000
47. Arch Insurance (Canada)...............................
13,375,000
33,071,000
46. Liberty Mutual Insurance...............................
57. PEI Mutual Insurance Company....................
33,388,000
45. North Waterloo Farmers Mutual....................
14,892,000
34,462,000
44. Cumis General Insurance..............................
15,642,000
34,792,000
43. Le Groupe Estrie–Richelieu...........................
56. Echelon General Insurance...........................
34,899,000
55. XL Insurance..................................................
35,099,000
$
Totals
42. RBC Insurance Company Of Canada...........
41. Canadian Direct Insurance............................
Company
(Continued From Page 56)
159,765,000
1,000
23,000
10,000
120,000
74,000
71,000
17,000
41,000
3,000
26,000
11,000
330,000
225,000
33,000
731,000
285,000
116,000
$
Nfld.
47,002,000
4,000
2,000
–11,000
6,000
8,000
5,000
29,000
1,000
11,000
1,000
13,375,000
9,000
37,000
65,000
11,000
32,000
115,000
158,000
80,000
$
P.E.I.
321,869,000
26,000
6,000
33,000
2,278,000
7,000
3,999,000
163,000
115,000
5,788,000
2,000
154,000
6,000
60,000
138,000
27,000
39,000
1,157,000
624,000
578,000
134,000
3,732,000
592,000
123,000
1,989,000
954,000
$
N.S.
253,025,000
1,000
21,000
279,000
2,766,000
1,000
173,000
169,000
3,000
8,000
125,000
42,000
7,000
40,000
5,000
63,000
817,000
409,000
573,000
108,000
3,507,000
946,000
444,000
1,564,000
550,000
$
N.B.
2,833,558,000
7,000
105,000
107,000
295,000
26,000
252,000
653,000
104,000
523,000
144,000
81,000
4,418,000
1,878,000
13,282,000
68,000
2,668,000
3,655,000
3,646,000
1,000
34,792,000
$
Quebec
4,905,148,000
42,000
165,000
790,000
744,000
3,455,000
2,656,000
1,021,000
4,747,000
3,763,000
3,796,000
1,646,000
4,538,000
11,992,000
4,591,000
350,000
2,591,000
3,391,000
2,826,000
21,226,000
22,765,000
13,383,000
18,599,000
8,734,000
8,168,000
33,388,000
15,631,000
24,213,000
$
Ontario
5,000
24,000
145,000
1,000
75,000
3,000
374,000
17,000
2,000
275,000
1,021,000
23,000
112,000
12,000
183,000
472,000
714,000
1,451,000
4,067,000
1,466,000
740,000
7,042,000
646,000
$
Manitoba
500,960,000
(Excludes A&S and Reinsurance Companies)
By company – on a province by province basis
2010 DIRECT WRITTEN PROPERTY
550,453,000
29,000
446,000
195,000
74,000
288,000
11,000
1,000
280,000
1,503,000
13,000
11,517,000
84,000
721,000
310,000
1,608,000
333,000
169,000
1,885,000
19,801,000
616,000
2,507,000
1,972,000
637,000
$
Sask.
2,043,260,000
15,000
49,000
330,000
126,000
109,000
125,000
1,916,000
563,000
554,000
852,000
3,352,000
1,740,000
3,268,000
6,342,000
2,736,000
4,766,000
1,001,000
70,000
1,378,000
6,400,000
1,978,000
7,637,000
11,742,000
11,204,000
3,308,000
4,082,000
8,124,000
$
Alberta
2,027,221,000
4,000
59,000
13,000
17,000
140,000
455,000
1,126,000
51,000
2,166,000
1,182,000
335,000
3,088,000
4,243,000
5,183,000
4,506,000
1,538,000
490,000
25,725,000
3,900,000
4,750,000
5,355,000
2,512,000
3,575,000
26,975,000
$
B.C.
19,448,000
1,000
50,000
3,000
6,000
3,000
2,000
1,000
4,000
12,000
38,000
19,000
$
Yukon
35,744,000
3,000
1,000
64,000
17,000
1,000
21,000
4,000
9,000
3,000
25,000
11,000
6,000
22,000
$
N.W.T.
10,930,000
1,000
1,000
2,000
5,000
$
Nunavut
Underwriting Profit Producers – 2010 (Excluding A & S)
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38.
Lloyd’s Underwriters.............................................................. Chubb Insurance Co of Canada............................................ AXA Canada Group Of Companies........................................ Intact Financial Corporation................................................... RSA Canada Group................................................................ Desjardins General Insurance Group..................................... Swiss Reinsurance Group...................................................... Aviva Canada Inc................................................................... Chartis Insurance Co of Canada............................................ Factory Mutual Insurance Company...................................... Great American Insurance..................................................... Travelers Canada................................................................... Ontario Mutual Insurance....................................................... Liberty Mutual Insurance........................................................ Boiler Inspection & Insurance Company................................ General Reinsurance Corp..................................................... FCT......................................................................................... CNA Canada.......................................................................... Motors Insurance Corporation............................................... Triton Insurance..................................................................... Everest Reinsurance Company.............................................. GCAN Insurance Company.................................................... La Capitale Assurances Gen Inc............................................ Allstate Insurance Co of Canada........................................... Alberta Motor Association...................................................... Promutuel Reassurance......................................................... Affiliated FM Insurance Company.......................................... SSQ, Societe D’Assurances Generales................................. Allianz Global Risks US.......................................................... Stewart Title Guaranty Company........................................... ACE INA Insurance................................................................ Industrielle Alliance Compagnie............................................. XL Re America Inc - Cdn Branch........................................... Peace Hills General Insurance............................................... Canadian Direct Insurance..................................................... Transatlantic Reinsurance...................................................... Munich Reinsurance Cda Group............................................ Arch Insurance (Canada)........................................................
289,144,000 211,466,000 161,145,000 157,397,000 104,053,000 81,421,000 59,746,000 52,202,000 51,075,000 45,535,000 42,206,000 32,294,000 28,505,000 28,475,000 26,460,000 24,516,000 24,408,000 23,499,000 22,274,000 22,053,000 21,439,000 21,435,000 19,415,000 19,080,000 18,319,000 17,615,000 16,698,000 15,643,000 15,441,000 13,491,000 13,117,000 12,081,000 11,318,000 10,454,000 10,068,000 10,003,000 8,849,000 8,350,000
39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77.
Green Shield Canada............................................................. Zurich Insurance Company Ltd.............................................. American Bankers of Florida.................................................. Pafco Insurance Company..................................................... SGI Canada Group................................................................. Odyssey America Rein Corp.................................................. White Mountains Reinsurance............................................... Euler Hermes American Credit............................................... Co-operative Hail Ins Co Ltd.................................................. Trisura Guarantee Insurance.................................................. Security Ins Co of Hartford.................................................... Jevco Insurance Company.................................................... Mutual Fire Insurance Co of BC............................................. XL Insurance.......................................................................... Hartford Fire Insurance.......................................................... Pacific Coast Fishermen’s Mutual Marine............................. Ontario School Board’s Insurance......................................... L’Unique Assurances Generales............................................ Munich Reinsurance America, Inc......................................... MAPFRE Re Compania De Reaseguros, S.A......................... Cumis General Insurance....................................................... Aspen Insurance UK Limited.................................................. Grain Insurance & Guarantee................................................. Old Republic Insurance Company......................................... Optimum General Inc............................................................. Omega General Insurance..................................................... Caisse Centrale De Reassurance........................................... Legacy General Insurance..................................................... Mitsui Sumitomo Insurance................................................... North Waterloo Farmers Mutual............................................. The Mearie Group.................................................................. Toa Reinsurance Co of America............................................ Mennonite Mutual Fire Insurance........................................... Endurance Reinsurance Corp America.................................. Berkley Insurance Company.................................................. Nipponkoa Insurance Co Ltd................................................. Utica Mutual Insurance Co Ltd.............................................. Alea (Bermuda) Ltd................................................................ Employers Insurance Of Wausau...........................................
7,984,000 7,793,000 7,633,000 7,455,000 6,896,000 6,874,000 6,808,000 6,328,000 6,021,000 5,530,000 5,508,000 5,046,000 4,956,000 4,658,000 4,635,000 4,430,000 4,123,000 4,034,000 3,970,000 3,739,000 3,328,000 3,210,000 3,139,000 2,985,000 2,577,000 2,340,000 2,270,000 1,804,000 1,405,000 1,333,000 978,000 777,000 766,000 580,000 331,000 231,000 205,000 105,000 63,000
Underwriting Loss Producers – 2010 (Excluding A & S) 1.
T.H.E. Insurance Company....................................................
-39,000
22.
Western Surety Company......................................................
-2,406,000
2.
Pool Insurance Company.......................................................
-48,000
23.
Tokio Marine & Nichido Fire...................................................
-3,419,000
3.
Hanover Insurance Company................................................
-93,000
24.
SCOR Canada Reinsurance...................................................
-3,526,000
4.
Everest Insurance Co of Canada...........................................
-115,000
25.
CAA Insurance Company (Ontario).......................................
-3,790,000
5.
ICAROM PLC.........................................................................
-117,000
26.
York Fire & Casualty Insurance..............................................
-7,132,000
6.
Clare Mutual Insurance Company..........................................
-131,000
27.
Lumbermen’s Underwriting Alliance......................................
-8,275,000
7.
Hannover Ruckversicherung AG............................................
-233,000
28.
RBC Insurance Company Of Canada....................................
-9,698,000
8.
Le Groupe Estrie-Richelieu....................................................
-283,000
9.
TIG Insurance.........................................................................
-325,000
29.
Echelon General Insurance....................................................
-10,180,000
10.
Pearl Assurance PLC.............................................................
-355,000
30.
The Dominion Of Canada.......................................................
-10,190,000
11.
Fundy Mutual Insurance.........................................................
-355,000
31.
Guarantee Company Of North America.................................
-10,829,000
12.
American Road Insurance Company.....................................
-713,000
32.
Portage La Prairie Mutual.......................................................
-13,118,000
13.
Antigonish Farmers’ Mutual...................................................
-1,028,000
33.
Partner Reinsurance Company of the U.S.............................
-13,134,000
14.
Red River Mutual....................................................................
-1,286,000
34.
Farm Mutual Reinsurance Plan..............................................
-22,457,000
15.
PEI Mutual Insurance Company.............................................
-1,291,000
35.
Wawanesa Mutual Insurance.................................................
-30,180,000
The Economical Insurance Group..........................................
-55,681,000
16.
Saskatchewan Mutual Insurance...........................................
-1,313,000
36.
17.
Kings Mutual Insurance Company.........................................
-1,410,000
37.
TD General Insurance............................................................
-65,269,000
18.
Lumbermens Mutual Casualty...............................................
-1,529,000
38.
Co-operators General Insurance Company...........................
-72,815,000
19.
Sompo Japan Insurance Inc..................................................
-1,796,000
39.
Northbridge Financial Corporation.........................................
-82,912,000
20.
Pembridge Insurance Company............................................
-1,825,000
40.
RBC General Insurance..........................................................
-89,994,000
21.
Gore Mutual Insurance Company..........................................
-1,892,000
41.
State Farm Insurance Company............................................ -1,267,250,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 059 Undrwrit profit & loss 2011.indd 59
59
17/05/11 8:25 AM
Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2010 Newfoundland 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
RSA Canada Group................................... Aviva Canada Inc....................................... Co–operators General Insurance.............. AXA Canada Group Of Companies.......... The Dominion Of Canada.......................... Northbridge Financial Corporation........... The Economical Insurance Group............ Lloyd’s Underwriters................................. TD General Insurance................................ Chartis Insurance Co of Canada.............. Zurich Insurance Company Ltd................ Travelers Canada....................................... Factory Mutual Insurance Company........ American Bankers of Florida.................... Desjardins General Insurance Group....... Portage La Prairie Mutual......................... Green Shield Canada................................ Allianz Global Risks US............................. Guarantee Company Of North America... RBC General Insurance............................. ACE INA Insurance................................... FCT............................................................. Liberty Mutual Insurance.......................... GCAN Insurance Company....................... RBC Insurance Company Of Canada...... CNA Canada.............................................. Jevco Insurance Company....................... Chubb Insurance Co of Canada............... Triton Insurance......................................... Intact Financial Corporation.....................
127,059,000 97,734,000 83,732,000 59,587,000 40,712,000 24,950,000 21,855,000 15,630,000 12,806,000 9,212,000 5,806,000 5,613,000 5,593,000 5,427,000 4,612,000 3,181,000 2,773,000 2,575,000 2,455,000 2,428,000 2,282,000 2,215,000 2,122,000 1,892,000 1,771,000 1,639,000 1,573,000 1,447,000 1,310,000 1,168,000
Prince Edward Island 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Co–operators General Insurance.............. PEI Mutual Insurance Company............... Aviva Canada Inc....................................... The Dominion Of Canada.......................... SGI Canada Group.................................... Intact Financial Corporation..................... RSA Canada Group................................... Wawanesa Mutual Insurance.................... Northbridge Financial Corporation........... TD General Insurance................................ The Economical Insurance Group............ Desjardins General Insurance Group....... Lloyd’s Underwriters................................. Portage La Prairie Mutual......................... RBC General Insurance............................. Chartis Insurance Co of Canada.............. American Bankers of Florida.................... RBC Insurance Company Of Canada...... Guarantee Company Of North America... Zurich Insurance Company Ltd................ CAA Insurance Company (Ontario)......... Travelers Canada....................................... Cumis General Insurance.......................... Factory Mutual Insurance Company........ ACE INA Insurance................................... Allianz Global Risks US............................. Echelon General Insurance....................... CNA Canada.............................................. FCT............................................................. GCAN Insurance Company.......................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Intact Financial Corporation..................... RSA Canada Group................................... Aviva Canada Inc....................................... Co–operators General Insurance.............. TD General Insurance................................ Wawanesa Mutual Insurance.................... The Economical Insurance Group............ The Dominion Of Canada.......................... Portage La Prairie Mutual......................... Desjardins General Insurance Group....... Northbridge Financial Corporation...........
18,319,000 15,855,000 15,533,000 15,457,000 9,857,000 8,786,000 8,421,000 7,752,000 5,649,000 5,512,000 4,739,000 4,318,000 3,951,000 3,669,000 3,378,000 2,416,000 1,375,000 1,109,000 991,000 955,000 878,000 854,000 818,000 760,000 755,000 753,000 733,000 457,000 430,000 368,000
Nova Scotia
60
p 060-065 2011 TOP 30.indd 60
137,894,000 113,460,000 111,695,000 63,966,000 61,175,000 61,168,000 59,043,000 48,867,000 38,956,000 28,594,000 27,394,000
12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Lloyd’s Underwriters................................. AXA Canada Group Of Companies.......... Pembridge Insurance Company............... Chartis Insurance Co of Canada.............. Echelon General Insurance....................... Allstate Insurance Co of Canada.............. RBC General Insurance............................. Zurich Insurance Company Ltd................ American Bankers of Florida.................... RBC Insurance Company Of Canada...... Travelers Canada....................................... Kings Mutual Insurance Company........... Factory Mutual Insurance Company........ Guarantee Company Of North America... Cumis General Insurance.......................... SGI Canada Group.................................... Antigonish Farmers’ Mutual...................... ACE INA Insurance................................... GCAN Insurance Company.......................
27,248,000 25,140,000 14,413,000 13,808,000 13,603,000 13,377,000 11,997,000 11,138,000 9,777,000 8,880,000 8,582,000 6,867,000 5,438,000 5,364,000 5,363,000 5,282,000 4,683,000 4,465,000 3,985,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... Co–operators General Insurance.............. The Economical Insurance Group............ RSA Canada Group................................... AXA Canada Group Of Companies.......... State Farm Insurance Company............... Intact Financial Corporation..................... TD General Insurance................................ Allstate Insurance Co of Canada.............. Northbridge Financial Corporation........... The Dominion Of Canada.......................... Chartis Insurance Co of Canada.............. Lloyd’s Underwriters................................. Pembridge Insurance Company............... Desjardins General Insurance Group....... Zurich Insurance Company Ltd................ Portage La Prairie Mutual......................... Euler Hermes American Credit................. Factory Mutual Insurance Company........ RBC General Insurance............................. SGI Canada Group.................................... ACE INA Insurance................................... American Bankers of Florida.................... Travelers Canada....................................... Allianz Global Risks US............................. Guarantee Company Of North America... Cumis General Insurance.......................... Chubb Insurance Co of Canada............... RBC Insurance Company Of Canada......
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24.
Intact Financial Corporation..................... 1,096,712,000 Desjardins General Insurance Group....... 1,001,945,000 AXA Canada Group Of Companies.......... 851,287,000 Aviva Canada Inc....................................... 501,932,000 La Capitale Assurances Gen Inc.............. 454,336,000 Co–operators General Insurance.............. 316,585,000 Lloyd’s Underwriters................................. 263,016,000 TD General Insurance................................ 213,215,000 Northbridge Financial Corporation........... 171,607,000 SSQ, Societe D’Assurances Generales.... 171,079,000 Chartis Insurance Co of Canada.............. 169,569,000 Industrielle Alliance Compagnie............... 155,030,000 Zurich Insurance Company Ltd................ 145,383,000 The Economical Insurance Group............ 123,881,000 L’Unique Assurances Generales.............. 118,152,000 Chubb Insurance Co of Canada............... 109,301,000 RSA Canada Group................................... 96,948,000 Jevco Insurance Company....................... 86,006,000 Wawanesa Mutual Insurance.................... 82,427,000 Allstate Insurance Co of Canada.............. 79,215,000 American Bankers of Florida.................... 57,787,000 ACE INA Insurance................................... 50,484,000 Travelers Canada....................................... 48,460,000 Guarantee Company Of North America... 47,676,000
New Brunswick 99,902,000 89,292,000 57,522,000 57,344,000 54,528,000 51,389,000 48,620,000 44,043,000 43,915,000 30,455,000 27,834,000 21,584,000 20,948,000 20,673,000 15,551,000 14,318,000 12,339,000 12,117,000 10,993,000 9,976,000 9,590,000 8,393,000 8,056,000 7,344,000 5,885,000 5,072,000 4,864,000 4,381,000 3,689,000 3,598,000
Québec
25. 26. 27. 28. 29. 30.
Allianz Global Risks US............................. Factory Mutual Insurance Company........ Le Groupe Estrie–Richelieu....................... Affiliated FM Insurance Company............ GCAN Insurance Company....................... CNA Canada..............................................
43,947,000 42,345,000 41,018,000 40,651,000 39,721,000 37,798,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... 2,073,960,000 State Farm Insurance Company............... 1,730,739,000 Aviva Canada Inc....................................... 1,706,828,000 TD General Insurance................................ 1,446,984,000 RSA Canada Group................................... 1,052,093,000 The Economical Insurance Group............ 1,007,647,000 Co–operators General Insurance.............. 977,564,000 The Dominion Of Canada.......................... 926,807,000 Northbridge Financial Corporation........... 665,886,000 Ontario Mutual Insurance.......................... 598,577,000 Wawanesa Mutual Insurance.................... 587,914,000 AXA Canada Group Of Companies.......... 539,346,000 Desjardins General Insurance Group....... 530,241,000 Lloyd’s Underwriters................................. 487,955,000 Allstate Insurance Co of Canada.............. 425,260,000 Chartis Insurance Co of Canada.............. 391,090,000 Zurich Insurance Company Ltd................ 385,168,000 RBC General Insurance............................. 362,854,000 Chubb Insurance Co of Canada............... 343,012,000 Gore Mutual Insurance Company............. 248,670,000 Green Shield Canada................................ 233,701,000 Guarantee Company Of North America... 219,590,000 Jevco Insurance Company....................... 211,916,000 RBC Insurance Company Of Canada...... 192,785,000 American Bankers of Florida.................... 163,807,000 Motors Insurance Corporation.................. 159,788,000 Travelers Canada....................................... 149,984,000 CAA Insurance Company (Ontario)......... 129,482,000 York Fire & Casualty Insurance................ 128,403,000 Echelon General Insurance....................... 127,915,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... Intact Financial Corporation..................... Red River Mutual....................................... Portage La Prairie Mutual......................... Co–operators General Insurance.............. Lloyd’s Underwriters................................. Chartis Insurance Co of Canada.............. Northbridge Financial Corporation........... RSA Canada Group................................... Zurich Insurance Company Ltd................ SGI Canada Group.................................... Travelers Canada....................................... American Bankers of Florida.................... CNA Canada.............................................. Peace Hills General Insurance.................. AXA Canada Group Of Companies.......... ACE INA Insurance................................... Chubb Insurance Co of Canada............... Alberta Motor Association........................ Cumis General Insurance.......................... RBC Insurance Company Of Canada...... The Economical Insurance Group............ Co–operative Hail Ins Co Ltd.................... Green Shield Canada................................ GCAN Insurance Company....................... Allianz Global Risks US............................. Factory Mutual Insurance Company........ Saskatchewan Mutual Insurance............. Guarantee Company Of North America...
1. 2. 3. 4.
SGI Canada Group.................................... Wawanesa Mutual Insurance.................... Co–operators General Insurance.............. Aviva Canada Inc.......................................
Ontario
Manitoba 95,773,000 63,276,000 57,378,000 57,170,000 44,541,000 43,697,000 38,634,000 26,609,000 22,129,000 20,427,000 18,721,000 16,692,000 14,465,000 13,519,000 12,187,000 11,510,000 11,116,000 10,224,000 9,754,000 9,434,000 9,324,000 8,830,000 8,171,000 8,038,000 7,801,000 6,912,000 6,910,000 6,541,000 6,132,000 5,953,000
Saskatchewan 342,352,000 90,124,000 65,294,000 50,113,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:28 AM
Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2010 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Co–operative Hail Ins Co Ltd.................... Lloyd’s Underwriters................................. Saskatchewan Mutual Insurance............. Chartis Insurance Co of Canada.............. Northbridge Financial Corporation........... Zurich Insurance Company Ltd................ American Bankers of Florida.................... RSA Canada Group................................... Factory Mutual Insurance Company........ Travelers Canada....................................... Mennonite Mutual Fire Insurance............. GCAN Insurance Company....................... Grain Insurance & Guarantee.................... Portage La Prairie Mutual......................... Allianz Global Risks US............................. ACE INA Insurance................................... AXA Canada Group Of Companies.......... CNA Canada.............................................. Red River Mutual....................................... Peace Hills General Insurance.................. Western Surety Company......................... Chubb Insurance Co of Canada............... RBC Insurance Company Of Canada...... FCT............................................................. Cumis General Insurance.......................... Liberty Mutual Insurance..........................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... Wawanesa Mutual Insurance.................... TD General Insurance................................ Co–operators General Insurance.............. Aviva Canada Inc....................................... RSA Canada Group................................... Lloyd’s Underwriters................................. Alberta Motor Association........................ Chartis Insurance Co of Canada.............. AXA Canada Group Of Companies.......... The Economical Insurance Group............ Zurich Insurance Company Ltd................ State Farm Insurance Company............... Northbridge Financial Corporation........... The Dominion Of Canada.......................... Peace Hills General Insurance.................. Allstate Insurance Co of Canada.............. Chubb Insurance Co of Canada............... Travelers Canada....................................... American Bankers of Florida.................... GCAN Insurance Company....................... Canadian Direct Insurance........................ ACE INA Insurance................................... Desjardins General Insurance Group....... CNA Canada.............................................. RBC General Insurance............................. RBC Insurance Company Of Canada...... Allianz Global Risks US............................. Factory Mutual Insurance Company........ Liberty Mutual Insurance..........................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17.
Lloyd’s Underwriters................................. RSA Canada Group................................... Aviva Canada Inc....................................... The Economical Insurance Group............ Intact Financial Corporation..................... AXA Canada Group Of Companies.......... Wawanesa Mutual Insurance.................... Co–operators General Insurance.............. Zurich Insurance Company Ltd................ Chartis Insurance Co of Canada.............. Northbridge Financial Corporation........... American Bankers of Florida.................... Chubb Insurance Co of Canada............... Canadian Direct Insurance........................ The Dominion Of Canada.......................... Green Shield Canada................................ Gore Mutual Insurance Company.............
40,979,000 29,809,000 29,521,000 29,399,000 22,702,000 18,844,000 13,286,000 13,059,000 13,027,000 12,987,000 12,737,000 12,536,000 12,115,000 10,497,000 10,399,000 10,220,000 8,494,000 6,881,000 5,709,000 5,686,000 5,193,000 4,826,000 4,750,000 4,485,000 4,202,000 4,068,000
Alberta 813,701,000 719,053,000 565,772,000 505,693,000 402,102,000 318,741,000 314,802,000 242,672,000 215,840,000 208,184,000 189,760,000 168,619,000 164,104,000 161,079,000 142,492,000 112,112,000 76,376,000 75,949,000 61,576,000 56,500,000 54,805,000 54,731,000 52,358,000 52,186,000 47,018,000 43,824,000 43,045,000 40,485,000 39,906,000 39,326,000
British Columbia 404,498,000 276,014,000 247,597,000 229,125,000 226,904,000 225,890,000 185,991,000 157,274,000 120,466,000 116,195,000 112,978,000 92,681,000 85,209,000 69,720,000 62,000,000 58,382,000 52,515,000
18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
52,212,000 46,605,000 42,045,000 38,717,000 38,167,000 36,681,000 35,932,000 30,804,000 30,294,000 28,731,000 17,611,000 17,101,000 16,377,000
Yukon Territory 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Lloyd’s Underwriters................................. TD General Insurance................................ Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... Co–operators General Insurance.............. RSA Canada Group................................... Intact Financial Corporation..................... AXA Canada Group Of Companies.......... The Dominion Of Canada.......................... Chartis Insurance Co of Canada.............. Allianz Global Risks US............................. Peace Hills General Insurance.................. Travelers Canada....................................... Northbridge Financial Corporation........... American Bankers of Florida.................... Zurich Insurance Company Ltd................ GCAN Insurance Company....................... Desjardins General Insurance Group....... Factory Mutual Insurance Company........ RBC General Insurance............................. Trisura Guarantee Insurance.................... RBC Insurance Company Of Canada...... Chubb Insurance Co of Canada............... Green Shield Canada................................ Liberty Mutual Insurance.......................... XL Insurance.............................................. FCT............................................................. CNA Canada.............................................. ACE INA Insurance................................... The Economical Insurance Group............
8,477,000 6,430,000 6,258,000 6,223,000 5,605,000 3,659,000 3,177,000 2,180,000 1,993,000 1,690,000 1,649,000 1,507,000 1,445,000 1,253,000 777,000 705,000 532,000 402,000 345,000 343,000 289,000 280,000 279,000 253,000 237,000 227,000 180,000 166,000 153,000 141,000
Nunavut 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Lloyd’s Underwriters................................. RSA Canada Group................................... Chartis Insurance Co of Canada.............. Travelers Canada....................................... ACE INA Insurance................................... Intact Financial Corporation..................... Northbridge Financial Corporation........... Factory Mutual Insurance Company........ Co–operators General Insurance.............. Peace Hills General Insurance.................. American Bankers of Florida.................... Aviva Canada Inc....................................... The Dominion Of Canada.......................... TD General Insurance................................ CNA Canada.............................................. GCAN Insurance Company....................... Allianz Global Risks US............................. RBC General Insurance............................. Liberty Mutual Insurance.......................... Wawanesa Mutual Insurance.................... AXA Canada Group Of Companies.......... State Farm Insurance Company............... The Economical Insurance Group............ Trisura Guarantee Insurance.................... Desjardins General Insurance Group....... Zurich Insurance Company Ltd................ FCT............................................................. Green Shield Canada................................ XL Insurance.............................................. Allstate Insurance Co of Canada..............
4,789,000 2,807,000 1,696,000 1,408,000 901,000 831,000 816,000 796,000 616,000 608,000 562,000 552,000 407,000 352,000 325,000 253,000 197,000 187,000 142,000 129,000 127,000 121,000 119,000 95,000 90,000 73,000 59,000 48,000 47,000 32,000
Notes:
Northwest Territories 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 060-065 2011 TOP 30.indd 61
Travelers Canada....................................... Factory Mutual Insurance Company........ RBC Insurance Company Of Canada...... GCAN Insurance Company....................... Optimum General Inc................................ CNA Canada.............................................. Allianz Global Risks US............................. ACE INA Insurance................................... Peace Hills General Insurance.................. Mutual Fire Insurance Co of BC............... Liberty Mutual Insurance.......................... FCT............................................................. L’Unique Assurances Generales..............
Aviva Canada Inc....................................... 10,908,000 Zurich Insurance Company Ltd................ 9,050,000 Intact Financial Corporation..................... 7,863,000 Chartis Insurance Co of Canada.............. 7,448,000 Co–operators General Insurance.............. 5,838,000 Lloyd’s Underwriters................................. 5,813,000 TD General Insurance................................ 4,691,000 RSA Canada Group................................... 3,766,000 American Bankers of Florida.................... 2,941,000 AXA Canada Group Of Companies.......... 2,846,000 Northbridge Financial Corporation........... 2,361,000 Travelers Canada....................................... 2,084,000 The Dominion Of Canada.......................... 1,722,000 Peace Hills General Insurance.................. 1,297,000 Desjardins General Insurance Group....... 1,123,000 Guarantee Company Of North America... 965,000 Allianz Global Risks US............................. 961,000 Factory Mutual Insurance Company........ 870,000 GCAN Insurance Company....................... 823,000 ACE INA Insurance................................... 561,000 Green Shield Canada................................ 484,000 State Farm Insurance Company............... 464,000 Wawanesa Mutual Insurance.................... 460,000 Trisura Guarantee Insurance.................... 382,000 The Economical Insurance Group............ 368,000 CNA Canada.............................................. 302,000 RBC Insurance Company Of Canada...... 276,000 RBC General Insurance............................. 261,000 Chubb Insurance Co of Canada............... 202,000 Mitsui Sumitomo Insurance...................... 165,000 61
17/05/11 8:28 AM
Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2010 Newfoundland 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
RSA Canada Group................................... Co–operators General Insurance.............. Aviva Canada Inc....................................... AXA Canada Group Of Companies.......... Northbridge Financial Corporation........... The Dominion Of Canada.......................... Lloyd’s Underwriters................................. The Economical Insurance Group............ Factory Mutual Insurance Company........ Chartis Insurance Co of Canada.............. TD General Insurance................................ Zurich Insurance Company Ltd................ Allianz Global Risks US............................. Travelers Canada....................................... Desjardins General Insurance Group....... Portage La Prairie Mutual......................... Affiliated FM Insurance Company............ Liberty Mutual Insurance.......................... GCAN Insurance Company....................... ACE INA Insurance................................... RBC General Insurance............................. Chubb Insurance Co of Canada............... Grain Insurance & Guarantee.................... Jevco Insurance Company....................... Cumis General Insurance.......................... Great American Insurance........................ Intact Financial Corporation..................... Lumbermen’s Underwriting Alliance........ Triton Insurance......................................... CNA Canada..............................................
34,344,000 32,374,000 25,033,000 14,743,000 7,948,000 7,272,000 6,026,000 5,268,000 4,721,000 4,076,000 3,689,000 3,137,000 1,773,000 1,146,000 1,084,000 790,000 772,000 731,000 722,000 714,000 504,000 492,000 458,000 330,000 285,000 225,000 175,000 147,000 120,000 118,000
Prince Edward Island 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
PEI Mutual Insurance Company............... 13,375,000 Co–operators General Insurance.............. 5,878,000 The Dominion Of Canada.......................... 4,146,000 Aviva Canada Inc....................................... 3,351,000 Intact Financial Corporation..................... 2,559,000 RSA Canada Group................................... 2,296,000 Lloyd’s Underwriters................................. 1,979,000 SGI Canada Group.................................... 1,900,000 The Economical Insurance Group............ 1,801,000 Chartis Insurance Co of Canada.............. 1,523,000 Northbridge Financial Corporation........... 1,505,000 Wawanesa Mutual Insurance.................... 1,086,000 TD General Insurance................................ 787,000 Factory Mutual Insurance Company........ 701,000 Desjardins General Insurance Group....... 633,000 Portage La Prairie Mutual......................... 592,000 Zurich Insurance Company Ltd................ 545,000 Affiliated FM Insurance Company............ 268,000 Guarantee Company Of North America... 230,000 Allianz Global Risks US............................. 221,000 RBC General Insurance............................. 219,000 ACE INA Insurance................................... 184,000 Travelers Canada....................................... 177,000 Cumis General Insurance.......................... 158,000 Chubb Insurance Co of Canada............... 124,000 Liberty Mutual Insurance.......................... 115,000 Grain Insurance & Guarantee.................... 108,000 GCAN Insurance Company....................... 98,000 RBC Insurance Company Of Canada...... 80,000 CNA Canada.............................................. 73,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Intact Financial Corporation..................... RSA Canada Group................................... Aviva Canada Inc....................................... Co–operators General Insurance.............. The Economical Insurance Group............ TD General Insurance................................ Wawanesa Mutual Insurance.................... The Dominion Of Canada.......................... Portage La Prairie Mutual......................... AXA Canada Group Of Companies.......... Desjardins General Insurance Group.......
Nova Scotia
62
p 060-065 2011 TOP 30.indd 62
54,609,000 37,356,000 31,126,000 28,639,000 23,957,000 16,691,000 15,912,000 15,831,000 11,092,000 10,164,000 7,974,000
12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Northbridge Financial Corporation........... Lloyd’s Underwriters................................. Kings Mutual Insurance Company........... Factory Mutual Insurance Company........ Chartis Insurance Co of Canada.............. Antigonish Farmers’ Mutual...................... Zurich Insurance Company Ltd................ Pembridge Insurance Company............... Allstate Insurance Co of Canada.............. RBC General Insurance............................. Clare Mutual Insurance Company............ Cumis General Insurance.......................... Travelers Canada....................................... Grain Insurance & Guarantee.................... Affiliated FM Insurance Company............ SGI Canada Group.................................... GCAN Insurance Company....................... XL Insurance.............................................. Allianz Global Risks US.............................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Aviva Canada Inc....................................... Co–operators General Insurance.............. Wawanesa Mutual Insurance.................... The Economical Insurance Group............ RSA Canada Group................................... Intact Financial Corporation..................... State Farm Insurance Company............... AXA Canada Group Of Companies.......... Lloyd’s Underwriters................................. TD General Insurance................................ Factory Mutual Insurance Company........ Allstate Insurance Co of Canada.............. Chartis Insurance Co of Canada.............. The Dominion Of Canada.......................... Northbridge Financial Corporation........... Zurich Insurance Company Ltd................ Portage La Prairie Mutual......................... Allianz Global Risks US............................. Pembridge Insurance Company............... Desjardins General Insurance Group....... Fundy Mutual Insurance............................ SGI Canada Group.................................... RBC General Insurance............................. Chubb Insurance Co of Canada............... Cumis General Insurance.......................... Lumbermen’s Underwriting Alliance........ Grain Insurance & Guarantee.................... GCAN Insurance Company....................... ACE INA Insurance................................... Arch Insurance (Canada)...........................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24.
Intact Financial Corporation..................... Desjardins General Insurance Group....... AXA Canada Group Of Companies.......... Aviva Canada Inc....................................... La Capitale Assurances Gen Inc.............. Co–operators General Insurance.............. Lloyd’s Underwriters................................. TD General Insurance................................ The Economical Insurance Group............ Zurich Insurance Company Ltd................ Chartis Insurance Co of Canada.............. SSQ, Societe D’Assurances Generales.... Industrielle Alliance Compagnie............... Chubb Insurance Co of Canada............... Northbridge Financial Corporation........... L’Unique Assurances Generales.............. RSA Canada Group................................... Affiliated FM Insurance Company............ Allstate Insurance Co of Canada.............. Le Groupe Estrie–Richelieu....................... Factory Mutual Insurance Company........ Guarantee Company Of North America... Wawanesa Mutual Insurance.................... Lumbermen’s Underwriting Alliance........
7,599,000 6,537,000 5,788,000 4,456,000 4,376,000 3,999,000 3,984,000 3,732,000 3,653,000 3,262,000 2,278,000 1,989,000 1,823,000 1,571,000 1,523,000 1,517,000 1,189,000 1,157,000 1,132,000
New Brunswick 26,149,000 23,238,000 21,442,000 18,439,000 18,255,000 18,045,000 16,214,000 13,612,000 10,639,000 10,409,000 8,107,000 7,162,000 6,779,000 6,542,000 6,404,000 4,615,000 3,822,000 3,707,000 3,507,000 3,307,000 2,766,000 2,262,000 1,928,000 1,730,000 1,564,000 1,407,000 1,283,000 1,229,000 1,220,000 946,000
Québec 475,025,000 466,028,000 341,550,000 189,505,000 170,951,000 153,326,000 100,974,000 97,106,000 65,582,000 64,641,000 61,957,000 58,737,000 55,720,000 49,292,000 47,485,000 47,164,000 38,628,000 37,197,000 36,004,000 34,792,000 33,722,000 26,741,000 25,029,000 23,262,000
25. 26. 27. 28. 29. 30.
ACE INA Insurance................................... Optimum General Inc................................ GCAN Insurance Company....................... RBC General Insurance............................. Jevco Insurance Company....................... Travelers Canada.......................................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... Aviva Canada Inc....................................... State Farm Insurance Company............... Co–operators General Insurance.............. TD General Insurance................................ The Economical Insurance Group............ Ontario Mutual Insurance.......................... RSA Canada Group................................... The Dominion Of Canada.......................... Northbridge Financial Corporation........... Chubb Insurance Co of Canada............... AXA Canada Group Of Companies.......... Wawanesa Mutual Insurance.................... Lloyd’s Underwriters................................. Allstate Insurance Co of Canada.............. Chartis Insurance Co of Canada.............. Zurich Insurance Company Ltd................ Desjardins General Insurance Group....... Gore Mutual Insurance Company............. Factory Mutual Insurance Company........ RBC General Insurance............................. Guarantee Company Of North America... Allianz Global Risks US............................. North Waterloo Farmers Mutual............... GCAN Insurance Company....................... ACE INA Insurance................................... Affiliated FM Insurance Company............ RBC Insurance Company Of Canada...... York Fire & Casualty Insurance................ CAA Insurance Company (Ontario).........
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Wawanesa Mutual Insurance.................... Red River Mutual....................................... Intact Financial Corporation..................... Aviva Canada Inc....................................... Portage La Prairie Mutual......................... Co–operators General Insurance.............. Lloyd’s Underwriters................................. SGI Canada Group.................................... Zurich Insurance Company Ltd................ Peace Hills General Insurance.................. RSA Canada Group................................... Northbridge Financial Corporation........... Alberta Motor Association........................ Chartis Insurance Co of Canada.............. Cumis General Insurance.......................... The Economical Insurance Group............ Travelers Canada....................................... Factory Mutual Insurance Company........ ACE INA Insurance................................... CNA Canada.............................................. Desjardins General Insurance Group....... Grain Insurance & Guarantee.................... Saskatchewan Mutual Insurance............. Optimum General Inc................................ Chubb Insurance Co of Canada............... TD General Insurance................................ AXA Canada Group Of Companies.......... Affiliated FM Insurance Company............ GCAN Insurance Company....................... Allianz Global Risks US.............................
1. 2. 3. 4.
SGI Canada Group.................................... Wawanesa Mutual Insurance.................... Co–operators General Insurance.............. Aviva Canada Inc.......................................
22,087,000 18,825,000 18,521,000 13,788,000 13,282,000 11,984,000
Ontario 545,859,000 464,935,000 399,276,000 309,712,000 307,291,000 295,127,000 293,754,000 251,602,000 243,926,000 172,764,000 147,937,000 145,181,000 132,764,000 124,364,000 104,791,000 98,804,000 97,760,000 82,320,000 74,021,000 64,759,000 64,228,000 55,523,000 36,138,000 33,388,000 32,382,000 31,343,000 30,269,000 24,213,000 22,765,000 21,226,000
Manitoba 92,571,000 54,352,000 48,614,000 47,748,000 42,486,000 37,186,000 18,868,000 14,303,000 11,992,000 11,510,000 10,362,000 9,904,000 9,434,000 9,114,000 7,042,000 6,886,000 6,120,000 5,858,000 5,263,000 5,107,000 4,873,000 4,488,000 4,067,000 3,988,000 3,449,000 3,363,000 3,305,000 2,835,000 2,484,000 1,985,000
Saskatchewan 189,237,000 86,463,000 51,669,000 31,333,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:29 AM
Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2010 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Saskatchewan Mutual Insurance............. Chartis Insurance Co of Canada.............. Northbridge Financial Corporation........... Lloyd’s Underwriters................................. Zurich Insurance Company Ltd................ Mennonite Mutual Fire Insurance............. Factory Mutual Insurance Company........ Grain Insurance & Guarantee.................... Portage La Prairie Mutual......................... RSA Canada Group................................... ACE INA Insurance................................... Allianz Global Risks US............................. Peace Hills General Insurance.................. Red River Mutual....................................... GCAN Insurance Company....................... Travelers Canada....................................... AXA Canada Group Of Companies.......... CNA Canada.............................................. Liberty Mutual Insurance.......................... TD General Insurance................................ Cumis General Insurance.......................... Affiliated FM Insurance Company............ Great American Insurance........................ XL Insurance.............................................. Chubb Insurance Co of Canada............... Hartford Fire Insurance.............................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... Wawanesa Mutual Insurance.................... Co–operators General Insurance.............. TD General Insurance................................ Lloyd’s Underwriters................................. Aviva Canada Inc....................................... Chartis Insurance Co of Canada.............. RSA Canada Group................................... The Economical Insurance Group............ Zurich Insurance Company Ltd................ AXA Canada Group Of Companies.......... The Dominion Of Canada.......................... Peace Hills General Insurance.................. Alberta Motor Association........................ Northbridge Financial Corporation........... State Farm Insurance Company............... Factory Mutual Insurance Company........ Chubb Insurance Co of Canada............... GCAN Insurance Company....................... ACE INA Insurance................................... CNA Canada.............................................. Allstate Insurance Co of Canada.............. Allianz Global Risks US............................. Travelers Canada....................................... Portage La Prairie Mutual......................... Arch Insurance (Canada)........................... Liberty Mutual Insurance.......................... SGI Canada Group.................................... Desjardins General Insurance Group....... RBC General Insurance.............................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17.
Lloyd’s Underwriters................................. Aviva Canada Inc....................................... Intact Financial Corporation..................... Wawanesa Mutual Insurance.................... RSA Canada Group................................... The Economical Insurance Group............ AXA Canada Group Of Companies.......... Co–operators General Insurance.............. Zurich Insurance Company Ltd................ Northbridge Financial Corporation........... Chartis Insurance Co of Canada.............. The Dominion Of Canada.......................... Chubb Insurance Co of Canada............... Gore Mutual Insurance Company............. Factory Mutual Insurance Company........ Optimum General Inc................................ Peace Hills General Insurance..................
19,801,000 16,542,000 13,721,000 13,540,000 12,716,000 11,517,000 11,127,000 9,755,000 8,951,000 8,481,000 6,504,000 6,303,000 5,686,000 5,372,000 5,152,000 3,819,000 3,740,000 3,433,000 2,507,000 2,342,000 1,972,000 1,910,000 1,885,000 1,608,000 1,533,000 1,503,000
Alberta 241,768,000 233,095,000 200,309,000 152,627,000 140,386,000 135,425,000 128,637,000 89,320,000 61,775,000 51,943,000 51,332,000 49,889,000 49,625,000 48,381,000 47,574,000 38,158,000 32,615,000 27,939,000 21,355,000 21,154,000 20,748,000 19,572,000 18,740,000 14,187,000 12,400,000 11,742,000 11,204,000 10,384,000 10,306,000 8,820,000
British Columbia 214,878,000 194,529,000 180,723,000 177,409,000 175,990,000 142,230,000 141,627,000 115,956,000 80,669,000 68,542,000 58,896,000 54,227,000 49,419,000 44,535,000 39,263,000 33,082,000 30,294,000
18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Canadian Direct Insurance........................ Mutual Fire Insurance Co of BC............... GCAN Insurance Company....................... TD General Insurance................................ ACE INA Insurance................................... Allianz Global Risks US............................. Travelers Canada....................................... Grain Insurance & Guarantee.................... Lumbermen’s Underwriting Alliance........ CNA Canada.............................................. Affiliated FM Insurance Company............ Liberty Mutual Insurance.......................... Motors Insurance Corporation..................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Lloyd’s Underwriters................................. Co–operators General Insurance.............. Aviva Canada Inc....................................... Wawanesa Mutual Insurance.................... TD General Insurance................................ RSA Canada Group................................... Chartis Insurance Co of Canada.............. Intact Financial Corporation..................... The Dominion Of Canada.......................... Peace Hills General Insurance.................. Northbridge Financial Corporation........... Allianz Global Risks US............................. AXA Canada Group Of Companies.......... Factory Mutual Insurance Company........ Travelers Canada....................................... Zurich Insurance Company Ltd................ RBC General Insurance............................. Desjardins General Insurance Group....... Triton Insurance......................................... Grain Insurance & Guarantee.................... Liberty Mutual Insurance.......................... CNA Canada.............................................. GCAN Insurance Company....................... ACE INA Insurance................................... Chubb Insurance Co of Canada............... RBC Insurance Company Of Canada...... Arch Insurance (Canada)........................... Omega General Insurance........................ Jevco Insurance Company....................... American Bankers of Florida....................
Yukon Territory 3,232,000 2,423,000 2,411,000 2,043,000 1,674,000 1,385,000 1,105,000 846,000 669,000 635,000 599,000 531,000 479,000 311,000 309,000 298,000 113,000 63,000 50,000 48,000 38,000 35,000 32,000 32,000 26,000 19,000 12,000 6,000 4,000 3,000
Nunavut 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23.
Lloyd’s Underwriters................................. Chartis Insurance Co of Canada.............. RSA Canada Group................................... ACE INA Insurance................................... Factory Mutual Insurance Company........ Travelers Canada....................................... Northbridge Financial Corporation........... Peace Hills General Insurance.................. Co–operators General Insurance.............. Intact Financial Corporation..................... GCAN Insurance Company....................... CNA Canada.............................................. The Dominion Of Canada.......................... RBC General Insurance............................. TD General Insurance................................ Allianz Global Risks US............................. Chubb Insurance Co of Canada............... Desjardins General Insurance Group....... Aviva Canada Inc....................................... RBC Insurance Company Of Canada...... Omega General Insurance........................ Legacy General Insurance........................ American Bankers of Florida....................
3,616,000 1,618,000 1,091,000 880,000 649,000 559,000 506,000 488,000 371,000 310,000 218,000 179,000 174,000 110,000 86,000 19,000 18,000 17,000 12,000 5,000 2,000 1,000 1,000
Notes:
Northwest Territories 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 060-065 2011 TOP 30.indd 63
26,975,000 25,725,000 17,832,000 16,148,000 16,094,000 15,515,000 14,585,000 10,021,000 9,470,000 9,066,000 9,038,000 5,355,000 5,183,000
Zurich Insurance Company Ltd................ Aviva Canada Inc....................................... Chartis Insurance Co of Canada.............. Intact Financial Corporation..................... Co–operators General Insurance.............. Lloyd’s Underwriters................................. Northbridge Financial Corporation........... TD General Insurance................................ RSA Canada Group................................... The Dominion Of Canada.......................... Travelers Canada....................................... AXA Canada Group Of Companies.......... Peace Hills General Insurance.................. Factory Mutual Insurance Company........ Allianz Global Risks US............................. ACE INA Insurance................................... Desjardins General Insurance Group....... GCAN Insurance Company....................... Triton Insurance......................................... CNA Canada.............................................. Chubb Insurance Co of Canada............... RBC General Insurance............................. Affiliated FM Insurance Company............ Grain Insurance & Guarantee.................... Jevco Insurance Company....................... RBC Insurance Company Of Canada...... Tokio Marine & Nichido Fire...................... American Bankers of Florida.................... Great American Insurance........................ Echelon General Insurance.......................
7,395,000 5,622,000 5,284,000 3,178,000 2,976,000 2,286,000 1,267,000 1,224,000 1,176,000 954,000 929,000 848,000 740,000 709,000 214,000 197,000 195,000 159,000 64,000 62,000 40,000 38,000 37,000 26,000 25,000 22,000 21,000 17,000 11,000 9,000 63
17/05/11 8:29 AM
Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2010 Newfoundland 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
RSA Canada Group................................... Aviva Canada Inc....................................... Co–operators General Insurance.............. AXA Canada Group Of Companies.......... The Dominion Of Canada.......................... The Economical Insurance Group............ Northbridge Financial Corporation........... TD General Insurance................................ Desjardins General Insurance Group....... Portage La Prairie Mutual......................... RBC General Insurance............................. Zurich Insurance Company Ltd................ Travelers Canada....................................... Chartis Insurance Co of Canada.............. ACE INA Insurance................................... Old Republic Insurance Company............ Liberty Mutual Insurance.......................... GCAN Insurance Company....................... Motors Insurance Corporation.................. Cumis General Insurance.......................... American Road Insurance Company....... CNA Canada.............................................. Chubb Insurance Co of Canada............... Guarantee Company Of North America... Allianz Global Risks US............................. Mitsui Sumitomo Insurance...................... Tokio Marine & Nichido Fire...................... Jevco Insurance Company....................... Arch Insurance (Canada)........................... Intact Financial Corporation.....................
88,301,000 63,385,000 46,928,000 42,293,000 32,071,000 14,740,000 9,805,000 8,844,000 3,528,000 2,252,000 1,922,000 823,000 665,000 566,000 513,000 444,000 367,000 226,000 187,000 146,000 139,000 103,000 97,000 59,000 27,000 26,000 16,000 13,000 10,000 5,000
Prince Edward Island 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
The Dominion Of Canada.......................... 10,696,000 Aviva Canada Inc....................................... 10,472,000 Co–operators General Insurance.............. 10,228,000 SGI Canada Group.................................... 7,557,000 Wawanesa Mutual Insurance.................... 6,485,000 RSA Canada Group................................... 5,185,000 Intact Financial Corporation..................... 5,172,000 TD General Insurance................................ 4,725,000 Desjardins General Insurance Group....... 3,685,000 RBC General Insurance............................. 3,159,000 Portage La Prairie Mutual......................... 3,003,000 Northbridge Financial Corporation........... 2,782,000 The Economical Insurance Group............ 2,344,000 CAA Insurance Company (Ontario)......... 806,000 Echelon General Insurance....................... 716,000 Cumis General Insurance.......................... 378,000 ACE INA Insurance................................... 320,000 Zurich Insurance Company Ltd................ 204,000 Travelers Canada....................................... 180,000 RBC Insurance Company Of Canada...... 170,000 Old Republic Insurance Company............ 105,000 Chartis Insurance Co of Canada.............. 64,000 Arch Insurance (Canada)........................... 43,000 Motors Insurance Corporation.................. 33,000 Liberty Mutual Insurance.......................... 29,000 GCAN Insurance Company....................... 25,000 Guarantee Company Of North America... 15,000 CNA Canada.............................................. 4,000 Allianz Global Risks US............................. 3,000 Hartford Fire Insurance............................. 1,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Intact Financial Corporation..................... Aviva Canada Inc....................................... RSA Canada Group................................... TD General Insurance................................ Wawanesa Mutual Insurance.................... The Dominion Of Canada.......................... The Economical Insurance Group............ Co–operators General Insurance.............. Portage La Prairie Mutual......................... Desjardins General Insurance Group....... Echelon General Insurance.......................
Nova Scotia
64
p 060-065 2011 TOP 30.indd 64
73,386,000 70,292,000 58,699,000 44,484,000 43,682,000 30,788,000 30,324,000 28,247,000 26,533,000 20,620,000 13,379,000
12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Northbridge Financial Corporation........... 12,734,000 AXA Canada Group Of Companies.......... 12,046,000 Pembridge Insurance Company............... 10,681,000 Allstate Insurance Co of Canada.............. 9,724,000 RBC General Insurance............................. 8,727,000 SGI Canada Group.................................... 3,370,000 Zurich Insurance Company Ltd................ 3,121,000 CAA Insurance Company (Ontario)......... 2,939,000 Cumis General Insurance.......................... 2,668,000 Travelers Canada....................................... 2,091,000 Chartis Insurance Co of Canada.............. 1,949,000 ACE INA Insurance................................... 1,619,000 RBC Insurance Company Of Canada...... 1,448,000 Pafco Insurance Company........................ 1,415,000 Old Republic Insurance Company............ 1,207,000 Guarantee Company Of North America... 688,000 GCAN Insurance Company....................... 302,000 Liberty Mutual Insurance.......................... 285,000 Motors Insurance Corporation.................. 252,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... The Economical Insurance Group............ TD General Insurance................................ AXA Canada Group Of Companies.......... State Farm Insurance Company............... RSA Canada Group................................... Co–operators General Insurance.............. Allstate Insurance Co of Canada.............. Intact Financial Corporation..................... Northbridge Financial Corporation........... The Dominion Of Canada.......................... Pembridge Insurance Company............... Desjardins General Insurance Group....... Portage La Prairie Mutual......................... RBC General Insurance............................. SGI Canada Group.................................... Zurich Insurance Company Ltd................ ACE INA Insurance................................... Chartis Insurance Co of Canada.............. CAA Insurance Company (Ontario)......... Old Republic Insurance Company............ Travelers Canada....................................... Cumis General Insurance.......................... Pafco Insurance Company........................ RBC Insurance Company Of Canada...... Liberty Mutual Insurance.......................... Guarantee Company Of North America... GCAN Insurance Company....................... Motors Insurance Corporation..................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24.
Intact Financial Corporation..................... Desjardins General Insurance Group....... AXA Canada Group Of Companies.......... La Capitale Assurances Gen Inc.............. Aviva Canada Inc....................................... Co–operators General Insurance.............. TD General Insurance................................ Industrielle Alliance Compagnie............... SSQ, Societe D’Assurances Generales.... Wawanesa Mutual Insurance.................... Northbridge Financial Corporation........... L’Unique Assurances Generales.............. Jevco Insurance Company....................... Allstate Insurance Co of Canada.............. The Economical Insurance Group............ Zurich Insurance Company Ltd................ RBC General Insurance............................. Pafco Insurance Company........................ RSA Canada Group................................... Echelon General Insurance....................... Lloyd’s Underwriters................................. Chartis Insurance Co of Canada.............. Chubb Insurance Co of Canada............... ACE INA Insurance...................................
New Brunswick 77,244,000 54,332,000 34,345,000 33,506,000 33,034,000 30,855,000 30,726,000 28,878,000 23,293,000 21,463,000 16,872,000 13,311,000 12,044,000 11,011,000 7,784,000 7,662,000 5,461,000 5,358,000 3,427,000 3,163,000 2,931,000 1,855,000 1,741,000 1,201,000 1,176,000 920,000 605,000 522,000 317,000 251,000
Québec 542,232,000 511,533,000 354,849,000 267,470,000 261,635,000 134,936,000 115,530,000 98,677,000 98,079,000 57,342,000 57,231,000 56,445,000 52,772,000 43,211,000 43,054,000 33,043,000 21,300,000 20,445,000 16,926,000 12,245,000 7,751,000 7,540,000 6,889,000 6,267,000
25. 26. 27. 28. 29. 30.
Optimum General Inc................................ Motors Insurance Corporation.................. Travelers Canada....................................... GCAN Insurance Company....................... Liberty Mutual Insurance.......................... Guarantee Company Of North America...
3,734,000 3,548,000 2,858,000 2,718,000 2,698,000 1,689,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... 1,359,162,000 State Farm Insurance Company............... 1,288,377,000 TD General Insurance................................ 1,135,372,000 Aviva Canada Inc....................................... 1,012,596,000 RSA Canada Group................................... 670,859,000 The Economical Insurance Group............ 625,616,000 The Dominion Of Canada.......................... 620,384,000 Co–operators General Insurance.............. 593,333,000 Desjardins General Insurance Group....... 447,921,000 Wawanesa Mutual Insurance.................... 447,502,000 Northbridge Financial Corporation........... 362,318,000 AXA Canada Group Of Companies.......... 345,995,000 Allstate Insurance Co of Canada.............. 320,469,000 RBC General Insurance............................. 297,824,000 Ontario Mutual Insurance.......................... 248,862,000 Jevco Insurance Company....................... 202,932,000 Gore Mutual Insurance Company............. 157,537,000 Echelon General Insurance....................... 112,307,000 CAA Insurance Company (Ontario)......... 107,841,000 York Fire & Casualty Insurance................ 100,626,000 Zurich Insurance Company Ltd................ 87,492,000 Guarantee Company Of North America... 87,115,000 RBC Insurance Company Of Canada...... 80,658,000 Pembridge Insurance Company............... 75,627,000 Motors Insurance Corporation.................. 56,820,000 Chubb Insurance Co of Canada............... 55,842,000 Pafco Insurance Company........................ 55,443,000 Chartis Insurance Co of Canada.............. 44,677,000 Old Republic Insurance Company............ 40,031,000 SGI Canada Group.................................... 35,311,000
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Saskatchewan Mutual Insurance............. Aviva Canada Inc....................................... ACE INA Insurance................................... Intact Financial Corporation..................... Northbridge Financial Corporation........... Co–operators General Insurance.............. Zurich Insurance Company Ltd................ Chartis Insurance Co of Canada.............. Motors Insurance Corporation.................. RBC General Insurance............................. CNA Canada.............................................. Travelers Canada....................................... American Road Insurance Company....... Old Republic Insurance Company............ Liberty Mutual Insurance.......................... The Dominion Of Canada.......................... RSA Canada Group................................... Chubb Insurance Co of Canada............... SGI Canada Group.................................... GCAN Insurance Company....................... Allianz Global Risks US............................. Arch Insurance (Canada)........................... Cumis General Insurance.......................... Lloyd’s Underwriters................................. The Economical Insurance Group............ Hartford Fire Insurance............................. AXA Canada Group Of Companies.......... Echelon General Insurance....................... XL Insurance.............................................. Mitsui Sumitomo Insurance......................
1. 2. 3. 4.
SGI Canada Group.................................... 119,483,000 Co–operators General Insurance.............. 7,535,000 Saskatchewan Mutual Insurance............. 7,292,000 Aviva Canada Inc....................................... 5,450,000
Ontario
Manitoba 1,428,000 1,424,000 937,000 914,000 889,000 802,000 750,000 749,000 505,000 339,000 325,000 189,000 181,000 158,000 133,000 106,000 82,000 76,000 65,000 64,000 19,000 18,000 16,000 14,000 7,000 6,000 4,000 3,000 3,000 3,000
Saskatchewan
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:29 AM
Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2010 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Northbridge Financial Corporation........... Zurich Insurance Company Ltd................ Portage La Prairie Mutual......................... Echelon General Insurance....................... Travelers Canada....................................... ACE INA Insurance................................... Chartis Insurance Co of Canada.............. Motors Insurance Corporation.................. RSA Canada Group................................... Mennonite Mutual Fire Insurance............. Liberty Mutual Insurance.......................... American Road Insurance Company....... RBC General Insurance............................. CNA Canada.............................................. GCAN Insurance Company....................... AXA Canada Group Of Companies.......... Old Republic Insurance Company............ Chubb Insurance Co of Canada............... The Dominion Of Canada.......................... Allianz Global Risks US............................. Arch Insurance (Canada)........................... Intact Financial Corporation..................... Lloyd’s Underwriters................................. Cumis General Insurance.......................... Hartford Fire Insurance............................. Tokio Marine & Nichido Fire......................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Intact Financial Corporation..................... Wawanesa Mutual Insurance.................... TD General Insurance................................ Co–operators General Insurance.............. Aviva Canada Inc....................................... RSA Canada Group................................... Alberta Motor Association........................ State Farm Insurance Company............... The Economical Insurance Group............ AXA Canada Group Of Companies.......... Northbridge Financial Corporation........... The Dominion Of Canada.......................... Peace Hills General Insurance.................. Zurich Insurance Company Ltd................ Allstate Insurance Co of Canada.............. Canadian Direct Insurance........................ Desjardins General Insurance Group....... RBC General Insurance............................. Jevco Insurance Company....................... Portage La Prairie Mutual......................... SGI Canada Group.................................... Travelers Canada....................................... ACE INA Insurance................................... Liberty Mutual Insurance.......................... Pembridge Insurance Company............... RBC Insurance Company Of Canada...... Chartis Insurance Co of Canada.............. CNA Canada.............................................. Old Republic Insurance Company............ GCAN Insurance Company.......................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17.
The Economical Insurance Group............ Canadian Direct Insurance........................ RSA Canada Group................................... L’Unique Assurances Generales.............. Intact Financial Corporation..................... AXA Canada Group Of Companies.......... Northbridge Financial Corporation........... Aviva Canada Inc....................................... Chartis Insurance Co of Canada.............. Zurich Insurance Company Ltd................ Lloyd’s Underwriters................................. RBC General Insurance............................. Liberty Mutual Insurance.......................... ACE INA Insurance................................... Echelon General Insurance....................... The Dominion Of Canada.......................... Motors Insurance Corporation..................
2,190,000 1,291,000 1,079,000 778,000 741,000 734,000 611,000 576,000 346,000 318,000 290,000 282,000 281,000 157,000 105,000 93,000 91,000 62,000 48,000 45,000 38,000 30,000 29,000 28,000 6,000 1,000
Alberta 526,899,000 476,568,000 410,692,000 248,240,000 217,214,000 198,863,000 193,062,000 120,989,000 109,912,000 101,196,000 78,988,000 76,957,000 62,487,000 57,587,000 56,804,000 46,267,000 41,880,000 34,940,000 26,504,000 23,357,000 23,197,000 16,060,000 10,928,000 10,334,000 9,154,000 9,007,000 8,443,000 6,671,000 5,755,000 5,484,000
British Columbia 62,089,000 41,779,000 41,018,000 16,359,000 12,110,000 4,067,000 2,996,000 2,460,000 2,383,000 2,064,000 1,976,000 1,817,000 1,546,000 1,384,000 1,327,000 898,000 544,000
18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
527,000 451,000 419,000 390,000 236,000 221,000 143,000 81,000 70,000 43,000 26,000 13,000 6,000
Yukon Territory 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
TD General Insurance................................ Wawanesa Mutual Insurance.................... Aviva Canada Inc....................................... Co–operators General Insurance.............. Intact Financial Corporation..................... RSA Canada Group................................... The Dominion Of Canada.......................... Peace Hills General Insurance.................. AXA Canada Group Of Companies.......... Northbridge Financial Corporation........... Zurich Insurance Company Ltd................ Desjardins General Insurance Group....... Travelers Canada....................................... GCAN Insurance Company....................... RBC General Insurance............................. The Economical Insurance Group............ State Farm Insurance Company............... ACE INA Insurance................................... Lloyd’s Underwriters................................. Jevco Insurance Company....................... Liberty Mutual Insurance.......................... RBC Insurance Company Of Canada...... Chartis Insurance Co of Canada.............. Allstate Insurance Co of Canada.............. Old Republic Insurance Company............ CNA Canada.............................................. Allianz Global Risks US............................. Gore Mutual Insurance Company............. SGI Canada Group.................................... Pembridge Insurance Company...............
4,756,000 4,182,000 3,177,000 2,646,000 2,197,000 1,619,000 1,224,000 872,000 671,000 471,000 364,000 339,000 339,000 250,000 230,000 141,000 117,000 95,000 53,000 46,000 40,000 37,000 32,000 28,000 26,000 25,000 19,000 18,000 10,000 9,000
Nunavut 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
RSA Canada Group................................... Aviva Canada Inc....................................... Intact Financial Corporation..................... Travelers Canada....................................... Northbridge Financial Corporation........... TD General Insurance................................ The Dominion Of Canada.......................... Co–operators General Insurance.............. Wawanesa Mutual Insurance.................... AXA Canada Group Of Companies.......... State Farm Insurance Company............... Peace Hills General Insurance.................. The Economical Insurance Group............ RBC General Insurance............................. Desjardins General Insurance Group....... Zurich Insurance Company Ltd................ Allstate Insurance Co of Canada.............. Jevco Insurance Company....................... ACE INA Insurance................................... Chartis Insurance Co of Canada.............. Gore Mutual Insurance Company............. Old Republic Insurance Company............ CNA Canada.............................................. RBC Insurance Company Of Canada...... Guarantee Company Of North America... Pembridge Insurance Company............... GCAN Insurance Company....................... SGI Canada Group.................................... Echelon General Insurance....................... Allianz Global Risks US.............................
1,318,000 497,000 461,000 294,000 272,000 266,000 211,000 144,000 129,000 127,000 121,000 120,000 119,000 77,000 73,000 73,000 32,000 25,000 20,000 20,000 17,000 16,000 14,000 14,000 9,000 9,000 9,000 9,000 8,000 7,000
Notes:
Northwest Territories 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 060-065 2011 TOP 30.indd 65
American Road Insurance Company....... GCAN Insurance Company....................... Travelers Canada....................................... CNA Canada.............................................. Chubb Insurance Co of Canada............... Old Republic Insurance Company............ Allianz Global Risks US............................. Tokio Marine & Nichido Fire...................... Co–operators General Insurance.............. Hartford Fire Insurance............................. Mitsui Sumitomo Insurance...................... XL Insurance.............................................. Cumis General Insurance..........................
Intact Financial Corporation..................... Aviva Canada Inc....................................... TD General Insurance................................ Co–operators General Insurance.............. RSA Canada Group................................... Desjardins General Insurance Group....... Northbridge Financial Corporation........... The Dominion Of Canada.......................... Zurich Insurance Company Ltd................ Peace Hills General Insurance.................. State Farm Insurance Company............... Wawanesa Mutual Insurance.................... AXA Canada Group Of Companies.......... The Economical Insurance Group............ Travelers Canada....................................... RBC General Insurance............................. ACE INA Insurance................................... Allstate Insurance Co of Canada.............. GCAN Insurance Company....................... Jevco Insurance Company....................... Gore Mutual Insurance Company............. Chartis Insurance Co of Canada.............. RBC Insurance Company Of Canada...... CNA Canada.............................................. Pembridge Insurance Company............... Old Republic Insurance Company............ Motors Insurance Corporation.................. Guarantee Company Of North America... SGI Canada Group.................................... American Road Insurance Company.......
3,893,000 3,568,000 3,467,000 2,254,000 2,181,000 928,000 704,000 645,000 588,000 557,000 464,000 460,000 442,000 368,000 358,000 223,000 198,000 127,000 112,000 66,000 63,000 62,000 59,000 53,000 39,000 33,000 29,000 28,000 27,000 25,000 65
17/05/11 8:30 AM
2010 LEADING COMPANIES — DIRECT WRITTEN BASIS Accident & Sickness
% of Market
Boiler & Machinery
2010 D.W.P. 38,058,000
% of Market 1. Chubb Insurance Co of Canada.......... 18.86
2010 D.W.P. 23,360,000
1. Green Shield Canada.........................
32.28
341,383,000
% of Market 1. Factory Mutual Insurance Company... 11.03
2. RBC Insurance Company Of Canada..
20.05
212,027,000
2. RSA Canada Group............................
9.74
33,597,000
2. Guarantee Co Of North America.........
13.75
17,034,000
3. American Bankers of Florida..............
15.60
165,038,000
3. Zurich Insurance Company Ltd..........
8.82
30,410,000
3. Chartis Insurance Co of Canada.........
11.67
14,452,000
4. Chartis Insurance Co of Canada.........
8.98
94,968,000
4. Aviva Canada Inc...............................
7.89
27,217,000
4. Lloyd’s Underwriters..........................
9.94
12,313,000
5. RSA Canada Group............................
8.48
89,670,000
5. Boiler Inspection & Insurance............
7.38
25,456,000
5. Cumis General Insurance...................
9.15
11,337,000
6. Lloyd’s Underwriters..........................
4.94
52,219,000
6. Travelers Canada...............................
7.35
25,353,000
6. Travelers Canada...............................
8.97
11,108,000
7. Allianz Global Risks US......................
3.65
38,627,000
7. GCAN Insurance Company.................
6.35
21,903,000
7. Liberty Mutual Insurance...................
5.53
6,844,000
8. Triton Insurance................................
1.54
16,316,000
8. Intact Financial Corporation...............
6.04
20,817,000
8. AXA Canada Group Of Companies......
3.68
4,563,000
9. Chubb Insurance Co of Canada..........
1.10
11,640,000
18,311,000
2.31
2,857,000
10,539,000
5.31
9. Northbridge Financial Corporation......
1.00
9. Lloyd’s Underwriters..........................
10. Legacy General Insurance..................
11. Echelon General Insurance................
0.91
9,616,000
10. AXA Canada Group Of Companies......
5.07
17,502,000
10. Trisura Guarantee Insurance..............
1.99
2,468,000
12. AXA Canada Group Of Companies......
0.49
5,187,000
11. The Economical Insurance Group.......
3.21
11,056,000
11. Desjardins General Insurance Group..
1.79
2,216,000
13. ACE INA Insurance............................
0.42
4,413,000
12. Chartis Insurance Co of Canada.........
2.65
9,140,000
12. The Economical Insurance Group.......
1.79
2,215,000
14. Aviva Canada Inc...............................
0.14
1,452,000
13. Co-operators General Insurance........
2.62
9,028,000
13. RSA Canada Group............................
1.66
2,055,000
15. Alberta Motor Association..................
0.12
1,229,000
14. Allianz Global Risks US......................
2.31
7,968,000
14. Zurich Insurance Company Ltd..........
1.39
1,718,000
16. Intact Financial Corporation...............
0.11
1,212,000
15. The Dominion Of Canada...................
1.86
6,403,000
15. Great American Insurance..................
1.30
1,606,000
16. Affiliated FM Insurance Company.......
1.81
6,238,000
16. Co-operators General Insurance........
1.09
1,344,000
2010 D.W.P.
Fidelity
17. Co-operators General Insurance........
0.06
653,000
18. CAA Insurance Company (Ontario)....
0.05
524,000
17. Chubb Insurance Co of Canada..........
1.65
5,695,000
17. The Dominion Of Canada...................
1.01
1,255,000
19. Ontario Mutual Insurance...................
0.03
283,000
18. Northbridge Financial Corporation......
1.59
5,481,000
18. Ontario School Board’s Insurance......
0.74
916,000
20. Guarantee Co Of North America.........
0.03
271,000
19. Trisura Guarantee Insurance..............
1.54
5,305,000
19. ACE INA Insurance............................
0.73
909,000
21. Cumis General Insurance...................
0.02
252,000
20. Swiss Reinsurance Group..................
1.22
4,218,000
20. GCAN Insurance Company.................
0.70
861,000
22. Northbridge Financial Corporation......
0.01
91,000
21. Gore Mutual Insurance Company.......
1.04
3,599,000
21. CNA Canada......................................
0.64
795,000
23. SGI Canada Group.............................
0.01
57,000
22. Desjardins General Insurance Group..
0.66
2,263,000
22. Aviva Canada Inc...............................
0.52
640,000
24. Gore Mutual Insurance Company.......
0.00
49,000
23. Wawanesa Mutual Insurance.............
0.56
1,946,000
23. SGI Canada Group.............................
0.34
415,000
25. North Waterloo Farmers Mutual.........
0.00
7,000
24. SGI Canada Group.............................
0.49
1,693,000
24. Berkley Insurance Company..............
0.11
138,000
26. Arch Insurance (Canada)....................
–0.00
–10,000
25. CNA Canada......................................
0.31
1,085,000
25. Tokio Marine & Nichido Fire...............
0.09
113,000
1,057,713,000
26. Munich Reinsurance Cda Group.........
0.28
970,000
26. Mitsui Sumitomo Insurance...............
0.09
106,000
27. Grain Insurance & Guarantee.............
0.21
733,000
27. Sompo Japan Insurance Inc...............
0.04
49,000
28. Lumbermen’s Underwriting Alliance..
0.21
728,000
28. Saskatchewan Mutual Insurance.......
0.03
37,000
29. Le Groupe Estrie–Richelieu................
0.13
441,000
29. Grain Insurance & Guarantee.............
0.03
35,000
30. Mitsui Sumitomo Insurance...............
0.12
418,000
30. Hartford Fire Insurance......................
0.02
27,000
31. Cumis General Insurance...................
0.11
396,000
31. Triton Insurance................................
0.02
19,000
32. Optimum General Inc.........................
0.11
367,000
32. Optimum General Inc.........................
0.01
17,000
33. Ontario School Board’s Insurance......
0.10
360,000
33. Ontario Mutual Insurance...................
0.01
9,000
34. North Waterloo Farmers Mutual.........
0.06
201,000
34. Intact Financial Corporation...............
0.01
8,000
35. Promutuel Reassurance.....................
0.04
126,000
35. Western Surety Company..................
0.00
6,000
36. Great American Insurance..................
0.03
120,000
37. Tokio Marine & Nichido Fire...............
0.03
119,000
38. Saskatchewan Mutual Insurance.......
0.03
111,000
39. Sompo Japan Insurance Inc...............
0.02
54,000
40. Ontario Mutual Insurance...................
0.01
40,000
41. Hartford Fire Insurance......................
0.01
32,000
42. Berkley Insurance Company..............
0.01
25,000
–0.02
–60,000
TOTAL...............................................
Other Approved Products
% of Market 1. Zurich Insurance Company Ltd.......... 76.59
2. Arch Insurance (Canada)....................
TOTAL...............................................
23.41
2010 D.W.P. 1,096,000 335,000 1,431,000
Marine
% of Market
2010 D.W.P.
1. Lloyd’s Underwriters..........................
22.11
69,676,000
2. RSA Canada Group............................
16.88
53,202,000
3. AXA Canada Group Of Companies......
10.84
34,162,000
4. CNA Canada......................................
10.60
33,407,000
5. Northbridge Financial Corporation......
10.41
32,812,000
6. Co-operators General Insurance........
5.20
16,394,000
43. XL Insurance.....................................
7. Travelers Canada...............................
4.01
12,630,000
8. Allianz Global Risks US......................
3.40
10,717,000
9. ACE INA Insurance............................
3.23
10,189,000
10. Chartis Insurance Co of Canada.........
2.88
9,067,000
11. Pacific Coast Fishermen’s Mut...........
2.20
6,942,000
12. Liberty Mutual Insurance...................
1.52
4,790,000
13. Great American Insurance..................
1.40
4,426,000
14. Chubb Insurance Co of Canada..........
1.22
3,845,000
15. GCAN Insurance Company.................
0.86
2,705,000
16. Zurich Insurance Company Ltd..........
0.80
2,534,000
17. Affiliated FM Insurance Company.......
0.66
2,079,000
18. Tokio Marine & Nichido Fire...............
0.39
1,214,000
19. Intact Financial Corporation...............
0.37
1,164,000
20. Mitsui Sumitomo Insurance...............
0.24
757,000
21. XL Insurance.....................................
0.21
658,000
22. Sompo Japan Insurance Inc...............
0.18
565,000
23. Aspen Insurance UK Limited..............
0.15
462,000
24. Berkley Insurance Company..............
0.13
405,000
25. Nipponkoa Insurance Co Ltd..............
0.09
269,000
1. American Bankers of Florida..............
84.69
181,701,000
26. The Economical Insurance Group.......
0.01
36,000
2. Legacy General Insurance..................
12.69
27,222,000
27. Hartford Fire Insurance......................
0.00
6,000
3. Arch Insurance (Canada)....................
2.62
5,618,000
TOTAL...............................................
TOTAL...............................................
66
p 066-067 LeadCos DWB 2011.indd 66
315,113,000
TOTAL...............................................
344,923,000
Legal Expense
% of Market
2010 D.W.P.
TOTAL...............................................
Credit
% of Market
1. Euler Hermes American Credit...........
71.65
32,184,000
2. Chartis Insurance Co of Canada.........
16.04
7,204,000
3. Lloyd’s Underwriters..........................
4.49
2,016,000
4. Zurich Insurance Company Ltd..........
4.09
1,836,000
5. Guarantee Co Of North America.........
3.73
1,674,000
6. Echelon General Insurance................
0.00
TOTAL...............................................
46.16
5,151,000
2. Intact Financial Corporation...............
30.56
3,410,000
3. Lloyd’s Underwriters..........................
9.39
1,048,000
4. AXA Canada Group Of Companies......
8.78
980,000
5. Echelon General Insurance................
5.12
571,000
TOTAL...............................................
11,160,000
214,541,000
% of Market 1. FCT................................................... 100.00 TOTAL...............................................
2010 D.W.P. 7,097,000 7,097,000
Hail
2010 D.W.P.
2,000 44,916,000
Mortgage
1. La Capitale Assurances Gen Inc.........
% of Market
2010 D.W.P.
Credit Protection
123,845,000
% of Market 1. Co–operative Hail Ins Co Ltd.............. 84.73
2010 D.W.P. 49,017,000
2. GCAN Insurance Company.................
11.35
6,565,000
3. ACE INA Insurance............................
3.11
1,802,000
4. Ontario Mutual Insurance...................
0.33
193,000
5. AXA Canada Group Of Companies......
0.25
146,000
6. North Waterloo Farmers Mutual.........
0.22
TOTAL...............................................
129,000 57,852,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:48 AM
2010 LEADING COMPANIES — DIRECT WRITTEN BASIS Liability
Liability (continued) 2010 D.W.P.
Surety 2010 D.W.P. 1,306,000
% of Market 1. Guarantee Co Of North America......... 15.37
2010 D.W.P. 79,859,000
1. Lloyd’s Underwriters..........................
14.60
710,367,000
% of Market 62. Canadian Direct Insurance................. 0.03
2. Chartis Insurance Co of Canada.........
7.50
365,088,000
63. Sompo Japan Insurance Inc...............
0.02
1,092,000
2. Travelers Canada...............................
15.27
79,346,000
3. Aviva Canada Inc...............................
7.20
350,628,000
64. Kings Mutual Insurance Company......
0.02
1,079,000
3. AXA Canada Group Of Companies......
12.48
64,824,000
0.02
1,016,000
4. Aviva Canada Inc...............................
11.58
60,167,000
% of Market
4. Intact Financial Corporation...............
6.21
302,319,000
65. Promutuel Reassurance.....................
5. Zurich Insurance Company Ltd..........
6.02
292,979,000
66. Mennonite Mutual Fire Insurance.......
0.02
902,000
5. Zurich Insurance Company Ltd..........
6.78
35,241,000
67. Antigonish Farmers’ Mutual...............
0.01
684,000
6. Chartis Insurance Co of Canada.........
5.52
28,677,000
68. Industrielle Alliance Compagnie.........
0.01
633,000
7. Jevco Insurance Company.................
4.94
25,676,000
69. Fundy Mutual Insurance....................
0.01
349,000
8. Intact Financial Corporation...............
4.74
24,654,000
70. Clare Mutual Insurance Company......
0.01
286,000
9. Western Surety Company..................
4.50
23,384,000
71. Nipponkoa Insurance Co Ltd..............
0.00
171,000
10. Trisura Guarantee Insurance..............
4.30
22,350,000
72. T.H.E. Insurance Company.................
0.00
94,000
11. Chubb Insurance Co of Canada..........
2.98
15,461,000
73. Boiler Inspection & Insurance Co.......
0.00
1,000
12. L’Unique Assurances Generales.........
2.46
12,775,000
4,866,661,000
13. Co-operators General Insurance........
1.93
10,004,000
14. Northbridge Financial Corporation......
1.83
9,498,000
15. ACE INA Insurance............................
1.04
5,425,000
16. CNA Canada......................................
0.98
5,102,000
2010 D.W.P.
17. Liberty Mutual Insurance...................
0.79
4,115,000
18. The Dominion Of Canada...................
0.71
3,705,000
0.68
3,549,000
6. Northbridge Financial Corporation......
5.04
245,336,000
7. AXA Canada Group Of Companies......
4.74
230,684,000
8. Chubb Insurance Co of Canada..........
4.71
229,111,000
9. Co-operators General Insurance........
4.03
196,183,000
10. The Economical Insurance Group.......
2.96
143,894,000
11. CNA Canada......................................
2.70
131,296,000
12. RSA Canada Group............................
2.59
125,955,000
13. Travelers Canada...............................
2.25
109,578,000
14. GCAN Insurance Company.................
2.23
108,721,000
15. Liberty Mutual Insurance...................
2.20
107,036,000
16. ACE INA Insurance............................
2.16
105,310,000
17. Motors Insurance Corporation............
2.11
102,618,000
18. Munich Reinsurance Cda Group.........
2.04
99,129,000
1. Lloyd’s Underwriters..........................
37.60
99,568,000
19. SGI Canada Group.............................
19. XL Insurance.....................................
1.68
81,739,000
2. Allianz Global Risks US......................
16.58
43,902,000
20. Berkley Insurance Company..............
0.65
3,366,000
20. The Dominion Of Canada...................
1.67
81,209,000
34,807,000
1,329,000
71,606,000
13.15
0.26
1.47
3. Munich Reinsurance Cda Group.........
21. The Economical Insurance Group.......
21. American Bankers of Florida..............
8.01
21,212,000
313,000
55,436,000
4. Swiss Reinsurance Group..................
0.06
1.14
22. Desjardins General Insurance Group..
22. Ontario Mutual Insurance...................
49,546,000
6.23
16,493,000
167,000
1.02
5. Northbridge Financial Corporation......
0.03
23. State Farm Insurance Company.........
23. Grain Insurance & Guarantee............. 24. Great American Insurance..................
0.03
159,000
24. Guarantee Co Of North America.........
0.90
43,860,000
6. XL Insurance.....................................
3.92
10,383,000
25. La Capitale Assurances Gen Inc.........
0.02
123,000
25. Swiss Reinsurance Group..................
0.85
41,167,000
7. Chartis Insurance Co of Canada.........
3.16
8,354,000
26. Hartford Fire Insurance......................
0.02
97,000
26. XL Re America Inc – Cdn Branch.......
0.81
39,629,000
8. GCAN Insurance Company.................
2.81
7,432,000
27. RSA Canada Group............................
0.02
93,000
27. SGI Canada Group.............................
0.77
37,465,000
9. Mitsui Sumitomo Insurance...............
2.78
7,367,000
28. Echelon General Insurance................
0.02
92,000
28. Allianz Global Risks US......................
0.72
34,899,000
10. AXA Canada Group Of Companies......
2.38
6,312,000
29. State Farm Insurance Company.........
0.01
48,000
29. Arch Insurance (Canada)....................
0.70
33,889,000
11. ACE INA Insurance............................
2.26
5,973,000
30. Promutuel Reassurance.....................
0.00
8,000
30. Wawanesa Mutual Insurance.............
0.69
33,597,000
31. Cumis General Insurance...................
0.00
4,000
12. Aspen Insurance UK Limited..............
0.77
2,043,000
32. Lloyd’s Underwriters..........................
0.00
4,000
13. Berkley Insurance Company..............
0.20
537,000
33. Optimum General Inc.........................
–0.00
–4,000
TOTAL...............................................
Aircraft % of Market
31. Aspen Insurance UK Limited..............
0.58
28,428,000
32. Great American Insurance..................
0.49
23,642,000
33. Gore Mutual Insurance Company.......
0.46
22,186,000
14. Arch Insurance (Canada)....................
0.14
383,000
34. Ontario School Board’s Insurance......
0.43
21,056,000
15. Liberty Mutual Insurance...................
0.04
101,000
TOTAL...............................................
519,611,000
Title
35. Berkley Insurance Company..............
0.41
19,731,000
16. SGI Canada Group.............................
0.03
73,000
36. Desjardins General Insurance Group..
0.40
19,592,000
17. Old Republic Insurance Company.......
0.01
38,000
37. SSQ, Societe D’Assurances Gen........
0.29
14,263,000
18. XL Re America Inc – Cdn Branch.......
0.00
1,000
38. Trisura Guarantee Insurance..............
0.29
14,145,000
19. RSA Canada Group............................
0.00
1,000
1. FCT...................................................
62.30
125,637,000
39. Optimum General Inc.........................
0.27
13,259,000
20. Co-operators General Insurance........
–0.08
–199,000
2. Stewart Title Guaranty Company........
37.67
75,971,000
40. Grain Insurance & Guarantee.............
0.23
11,395,000
3. Travelers Canada...............................
0.03
41. Echelon General Insurance................
0.23
10,988,000
264,781,000
TOTAL...............................................
42. La Capitale Assurances Gen Inc.........
0.22
10,641,000
43. Cumis General Insurance...................
0.18
8,879,000
44. TD General Insurance........................
0.16
7,626,000
45. Portage La Prairie Mutual..................
0.14
6,894,000
46. Hartford Fire Insurance......................
0.14
6,791,000
47. Jevco Insurance Company.................
0.13
6,398,000
48. North Waterloo Farmers Mutual.........
0.11
5,374,000
49. Saskatchewan Mutual Insurance.......
0.11
5,154,000
50. York Fire & Casualty Insurance..........
0.10
5,012,000
51. Omega General Insurance..................
0.10
4,744,000
52. Le Groupe Estrie–Richelieu................
0.10
4,712,000
53. The Mearie Group..............................
0.09
4,419,000
54. Mitsui Sumitomo Insurance...............
0.08
3,933,000
55. Old Republic Insurance Company.......
0.07
3,487,000
56. Red River Mutual...............................
0.06
3,155,000
57. Mutual Fire Insurance Co of BC..........
0.06
3,114,000
58. Tokio Marine & Nichido Fire...............
0.06
2,711,000
59. L’Unique Assurances Generales.........
0.05
2,666,000
60. PEI Mutual Insurance Company..........
0.05
2,480,000
61. RBC General Insurance......................
0.04
1,899,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 066-067 LeadCos DWB 2011.indd 67
TOTAL...............................................
% of Market
2010 D.W.P.
58,000 201,666,000
Use the score to assess your risk
Baron Index Developed by Baron Actuaries
Powered By Compu-Quote
www.compu-quote.com 67
17/05/11 8:48 AM
2010
SUMMARY RESULTS BY NATIONALITY OF COMPANY IN CANADA
FFF
TOTAL INSURANCE Net Premiums Written $ Canadian........................ 18,581,279,000 Foreign........................... 7,851,680,000 U.K................................. 7,209,660,000 U.S................................. 5,759,051,000
Net Premiums Earned $ 17,941,843,000 7,698,059,000 7,155,699,000 5,675,705,000
Net Claims and Adjusting Expenses $ 12,623,144,000 4,922,946,000 4,542,268,000 4,758,086,000
Earned Loss Ratio % 70.36 63.95 63.48 83.83
Total............................... 39,401,670,000
38,471,306,000
26,846,444,000
69.78
AUTOMOBILE INSURANCE Net Premiums Written $ Canadian........................ 10,191,924,000 Foreign........................... 3,718,333,000 U.K................................. 2,820,575,000 U.S................................. 2,282,765,000
Net Premiums Earned $ 9,823,618,000 3,623,620,000 2,800,246,000 2,233,842,000
Net Claims and Adjusting Expenses $ 7,630,937,000 2,595,114,000 1,948,140,000 2,961,715,000
Earned Loss Ratio % 77.68 71.62 69.57 132.58
Total............................... 19,013,597,000
18,481,326,000
15,135,906,000
81.90
PROPERTY INSURANCE Canadian........................ Foreign........................... U.K................................. U.S.................................
Net Premiums Written $ 6,080,689,000 2,834,129,000 2,551,111,000 1,778,021,000
Net Premiums Earned $ 5,810,397,000 2,765,086,000 2,525,743,000 1,713,383,000
Net Claims and Adjusting Expenses $ 3,734,163,000 1,705,655,000 1,442,454,000 1,004,903,000
Earned Loss Ratio % 64.27 61.69 57.11 58.65
Total............................... 13,243,950,000
12,814,609,000
7,887,175,000
61.55
REMAINING INSURANCE Canadian........................ Foreign........................... U.K................................. U.S.................................
Net Premiums Written $ 2,308,666,000 1,299,218,000 1,837,974,000 1,698,265,000
Net Premiums Earned $ 2,307,828,000 1,309,353,000 1,829,710,000 1,728,480,000
Net Claims and Adjusting Expenses $ 1,258,044,000 622,177,000 1,151,674,000 791,468,000
Earned Loss Ratio % 54.51 47.52 62.94 45.79
Total...............................
7,144,123,000
7,175,371,000
3,823,363,000
53.28
68
p 068 Smry by Nation 2011.indd 68
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:48 AM
2010
SUMMARY RESULTS BY TYPE OF COMPANY IN CANADA
FFF
TOTAL INSURANCE
Net Premiums Written $
Net Premiums Written %
Brokerage........................... Direct.................................. Reinsurance........................
27,703,864,000 10,009,520,000 1,688,286,000
70.31 25.40 4.28
Total...................................
39,401,670,000
Net Premiums Earned $
27,129,805,000 9,649,100,000 1,692,401,000
Net Premiums Earned %
Net Claims & Adj. Exps. $
Net Claims & Adj. Exps. %
Earned Loss Ratio %
70.52 25.08 4.40
17,892,619,000 7,887,354,000 1,066,471,000
66.65 29.38 3.97
65.95 81.74 63.02
26,846,444,000
69.78
38,471,306,000
AUTOMOBILE INSURANCE
Net Premiums Written $
Net Premiums Written %
Brokerage........................... Direct.................................. Reinsurance........................
13,212,417,000 5,533,504,000 267,676,000
69.49 29.10 1.41
Total...................................
19,013,597,000
Net Premiums Earned $
12,897,754,000 5,323,428,000 260,144,000
Net Premiums Earned %
Net Claims & Adj. Exps. $
Net Claims & Adj. Exps. %
Earned Loss Ratio %
69.79 28.80 1.41
9,624,260,000 5,335,213,000 176,433,000
63.59 35.25 1.17
74.62 100.22 67.82
15,135,906,000
81.90
18,481,326,000
PROPERTY INSURANCE
Brokerage........................... Direct.................................. Reinsurance........................ Total...................................
Net Premiums Written $
9,387,796,000 2,976,873,000 879,281,000
Net Premiums Written %
70.88 22.48 6.64
13,243,950,000
Net Premiums Earned $
9,126,150,000 2,811,052,000 877,407,000
Net Premiums Earned %
Net Claims & Adj. Exps. $
Net Claims & Adj. Exps. %
Earned Loss Ratio %
71.22 21.94 6.85
5,582,777,000 1,748,708,000 555,690,000
70.78 22.17 7.05
61.17 62.21 63.33
7,887,175,000
61.55
12,814,609,000
REMAINING INSURANCE
Net Premiums Written $
Net Premiums Written %
Brokerage........................... Direct.................................. Reinsurance........................
5,103,651,000 1,499,143,000 541,329,000
Total...................................
7,144,123,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 069 Smry by Type 2011.indd 69
71.44 20.98 7.58
Net Premiums Earned $
5,105,901,000 1,514,620,000 554,850,000
Net Premiums Earned %
Net Claims & Adj. Exps. $
Net Claims & Adj. Exps. %
Earned Loss Ratio %
71.16 21.11 7.73
2,685,582,000 803,433,000 334,348,000
70.24 21.01 8.74
52.60 53.05 60.26
3,823,363,000
53.28
7,175,371,000
69
17/05/11 8:49 AM
D&O ad
CANADIAN 2010 UNDERWRITING EXPERIENCE COMPILED BY “CANADIAN UNDERWRITER”
SYMBOLS SHOWN NEXT TO COMPANY NAMES ARE AS FOLLOWS:
COMPANY TYPE: B — Brokerage D — Direct Writer R — Reinsurance Only L — Life Only G — Government
Net Net Class Premiums Premiums Written Earned $ $
COMPANY OWNERSHIP: C — Canadian US — United States UK — United Kingdom F — Foreign
Net Claims and Adjusting Expenses $
ACE INA INSURANCE
Earned Loss Ratio %
B-US
Dan Brosnan, President & Chief Executive Officer 1400-25 York St Toronto ON M5J 2V5 416-368-2911 Fax:416-594-3000 www.ace-canada.com 492,000 605,000 425,000 Prop. - Personal................. Prop. - Commercial............ 52,413,000 54,257,000 55,972,000 Prop - Total ....................... 52,905,000 54,862,000 56,397,000 Aircraft................................ 1,534,000 1,658,000 402,000 Auto. - Liability................... 27,330,000 27,995,000 36,488,000 Auto. - Pers. Acc................ 394,000 403,000 463,000 Auto. - Other....................... 17,131,000 17,426,000 7,998,000 Auto - Total ....................... 44,855,000 45,824,000 44,949,000 Boiler & Machinery............. 250,000 –24,000 Fidelity................................ 850,000 826,000 13,000 Hail..................................... 329,000 332,000 Liability............................... 90,210,000 90,965,000 34,132,000 Surety................................. 6,284,000 6,225,000 149,000 Marine................................. 7,415,000 7,688,000 5,750,000 Accident & Sickness........... 3,741,000 3,750,000 2,380,000 ——————— ——————— ——————— Total 2010........................... 208,123,000 212,380,000 144,148,000 Total 2009........................... 221,255,000 222,921,000 150,679,000 Total 2008........................... 216,451,000 220,740,000 138,202,000 Total 2007........................... 230,794,000 230,645,000 77,466,000 Total 2006........................... 209,682,000 216,497,000 113,816,000
2010 Direct Premiums Written: +294,776,000 2010 Underwriting Performance Summary Reinsurance Assumed................. 39,117,000 Reinsurance Ceded.................... 135,451,000 Net Premiums Written................ 208,123,000 Net Premiums Earned................ 212,380,000 Net Claims & Adj Exp................. 144,148,000 Commissions................................ 19,562,000 Taxes.............................................. 9,789,000 General Expenses........................ 25,764,000 Undwrwtg. Profit/Loss................. 13,117,000 Investment Income....................... 35,165,000
Underwriting Result 2010 +$13,117,000 2007 +$111,308,000
2009 2006
70.25 103.16 102.80 24.25 130.34 114.89 45.90 98.09 –9.60 1.57 37.52 2.39 74.79 63.47 ————— 67.87 67.59 62.61 33.59 52.57
Growth: –4.97% %
Growth Rate (NPW)............................ –5.94 % of Market (NPW)..............................0.53 Earned Loss Ratio..............................67.87 Total Expense Ratio...........................25.95 Combined Loss & Exp. Ratio.............93.82 Return on Equity................................10.20
+$24,675,000 +$65,629,000
2008
+$30,894,000
Individually Rated Commercial Automobiles
Business.
Delivered by Compu-Quote
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
AFFILIATED FM INSURANCE COMPANY
B-US
Kenneth V Lavigne, Chief Agent 500-165 Commerce Valley Dr. W. Thornhill ON L3T 7V8 905-763-5555 Fax:905-763-5556 www.fmglobal.ca 58,000 54,000 9,000 Prop. - Personal................. Prop. - Commercial............ 74,668,000 70,440,000 38,907,000 Prop - Total ....................... 74,726,000 70,494,000 38,916,000 Boiler & Machinery............. 129,000 115,000 303,000 Liability............................... 27,000 Title..................................... 41,000 Marine................................. 2,093,000 1,824,000 681,000 ——————— ——————— ——————— Total 2010........................... 76,948,000 72,433,000 39,968,000 Total 2009........................... 65,091,000 64,446,000 36,658,000 Total 2008........................... 49,064,000 47,549,000 56,220,000 Total 2007........................... 51,821,000 50,110,000 17,760,000 Total 2006........................... 54,205,000 56,031,000 22,230,000
2010 Direct Premiums Written: +99,197,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded...................... 28,455,000 Net Premiums Written.................. 76,948,000 Net Premiums Earned.................. 72,433,000 Net Claims & Adj Exp................... 39,968,000 Commissions.................................. 1,509,000 Taxes.............................................. 3,647,000 General Expenses........................ 10,602,000 Undwrwtg. Profit/Loss................. 16,698,000 Investment Income......................... 5,541,000
Underwriting Result 2010 +$16,698,000 2007 +$23,543,000
2009 2006
Growth: 11.74% %
2008
70
p 070-115 2011 CUW Experience.indd 70
–$18,799,000
ALBERTA MOTOR ASSOCIATION INSURANCE COMPANY
D-C
Robert Katzell, Vice-President & Chief Operating Officer 11220 109 St NW Edmonton AB T5G 2T6 781-341-7766 Fax:780-341-7890 www.amainsurance.ca 50,238,000 48,812,000 41,427,000 Prop. - Personal................. Prop. - Commercial............ 2,592,000 2,649,000 853,000 Prop - Total ....................... 52,830,000 51,461,000 42,280,000 Auto. - Liability................... 89,311,000 90,413,000 64,624,000 Auto. - Pers. Acc................ 9,402,000 9,462,000 6,032,000 Auto. - Other....................... 89,111,000 86,280,000 52,007,000 Auto - Total ....................... 187,824,000 186,155,000 122,663,000 Accident & Sickness........... 1,116,000 1,169,000 371,000 ——————— ——————— ——————— Total 2010........................... 241,770,000 238,785,000 165,314,000 Total 2009........................... 239,485,000 236,060,000 165,448,000 Total 2008........................... 229,567,000 218,607,000 158,165,000 Total 2007........................... 203,736,000 193,805,000 151,330,000 Total 2006........................... 182,311,000 170,927,000 111,391,000
2010 Direct Premiums Written: +252,313,000 2010 Underwriting Performance Summary
www.compu-quote.com
Underwriting Result 2010 +$18,319,000 2007 +$2,740,000
2009 2006
16.67 55.23 55.20 263.48 0.00 0.00 37.34 ————— 55.18 56.88 118.24 35.44 39.67
Growth Rate (NPW)............................18.22 % of Market (NPW)..............................0.20 Earned Loss Ratio..............................55.18 Total Expense Ratio...........................21.76 Combined Loss & Exp. Ratio.............76.94 Return on Equity................................19.21
+$10,476,000 +$24,346,000
Reinsurance Assumed................................... Reinsurance Ceded...................... 10,543,000 Net Premiums Written................ 241,770,000 Net Premiums Earned................ 238,785,000 Net Claims & Adj Exp................. 165,314,000 Commissions................................ 27,695,000 Taxes.............................................. 7,586,000 General Expenses........................ 26,544,000 Undwrwtg. Profit/Loss................. 18,319,000 Investment Income....................... 17,327,000
Earned Loss Ratio %
84.87 32.20 82.16 71.48 63.75 60.28 65.89 31.74 ————— 69.23 70.09 72.35 78.08 65.17
Growth: 1.55% %
Growth Rate (NPW)..............................0.95 % of Market (NPW)..............................0.62 Earned Loss Ratio..............................69.23 Total Expense Ratio...........................25.89 Combined Loss & Exp. Ratio.............95.12 Return on Equity................................19.94
+$16,054,000 +$26,967,000
2008
+$11,245,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
31/05/11 11:51 AM
D&O ad
6/4/10
1:51 PM
Page 1
From Predecessor to Successor,
ACE insures progress
Property & Casualty | Accident & Health | Life
To address the complexities of D&O insurance, it takes the right people, a strong balance sheet, worldwide capabilities and a flexible approach. These are the strengths of ACE. We take on the responsibility of your risks so that you can take on the responsibility of making things happen. We call this insuring progress. Visit us at www.ace-ina-canada.com.
Š 2010
p 070-115 2011 CUW Experience.indd 71
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Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
ALLIANZ GLOBAL RISKS US INSURANCE COMPANY
Earned Loss Ratio %
82,219,000 71,859,000 51,503,000 71.67 Prop. - Commercial............ Prop - Total ....................... 82,219,000 71,859,000 51,503,000 71.67 Aircraft................................ 37,153,000 34,187,000 27,233,000 79.66 Auto. - Liability................... 2,084,000 6,316,000 4,081,000 64.61 Auto. - Pers. Acc................ 422,000 951,000 324,000 34.07 Auto. - Other....................... 2,217,000 4,231,000 2,010,000 47.51 Auto - Total ....................... 4,723,000 11,498,000 6,415,000 55.79 Boiler & Machinery............. 8,670,000 7,710,000 5,866,000 76.08 Liability............................... 28,377,000 27,831,000 17,844,000 64.12 Marine................................. 8,535,000 3,957,000 2,033,000 51.38 Accident & Sickness........... –1,000 –1,000 249,000 –24,900.00 ——————— ——————— ——————— ————— 157,041,000 111,143,000 70.77 Total 2010........................... 169,676,000 Total 2009........................... 143,586,000 132,687,000 92,957,000 70.06 Total 2008........................... 130,462,000 79,940,000 40,293,000 50.40 Total 2007........................... 62,194,000 56,321,000 37,127,000 65.92 Total 2006........................... 52,935,000 39,527,000 27,805,000 70.34
2010 Direct Premiums Written: +237,165,000 2010 Underwriting Performance Summary
Underwriting Result 2010 +$15,441,000 2007 +$4,309,000
2009 2006
Growth: 2.82% %
Growth Rate (NPW)............................18.17 % of Market (NPW)..............................0.43 Earned Loss Ratio..............................70.77 Total Expense Ratio...........................19.39 Combined Loss & Exp. Ratio.............90.16 Return on Equity................................12.53
2008
ALLSTATE INSURANCE COMPANY OF CANADA
D-US
Christopher R. Kiah, President & Chief Executive Officer 27 Allstate Parkway Suite 100 Markham ON L3R 5P8 905-477-6900 Fax:905-475-4991 www.allstate.ca 160,628,000 82,947,000 Prop. - Personal................. 168,801,000 Prop. - Commercial............ 163,000 Prop - Total ....................... 168,801,000 160,628,000 83,110,000 Auto. - Liability................... 218,659,000 196,632,000 135,130,000 Auto. - Pers. Acc................ 115,670,000 110,419,000 102,425,000 Auto. - Other....................... 115,235,000 110,096,000 72,233,000 Auto - Total ....................... 449,564,000 417,147,000 309,788,000 Liability............................... 276,000 ——————— ——————— ——————— 577,775,000 393,174,000 Total 2010........................... 618,365,000 Total 2009........................... 548,775,000 540,781,000 380,705,000 Total 2008........................... 544,411,000 540,442,000 397,776,000 Total 2007........................... 535,800,000 527,135,000 335,011,000 Total 2006........................... 514,306,000 511,465,000 302,880,000
Underwriting Result 2010 +$19,080,000 2007 +$43,855,000
2009 2006
72
5,627,000 5,220,000 1,399,000 Prop. - Personal................. Prop. - Commercial............ –1,000 Prop - Total ....................... 5,627,000 5,220,000 1,398,000 Credit Protection................ 13,508,000 17,730,000 2,236,000 Liability............................... 55,035,000 54,128,000 14,271,000 Marine................................. –19,000 Accident & Sickness........... 14,510,000 14,514,000 1,132,000 ——————— ——————— ——————— 88,680,000 91,573,000 19,037,000 Total 2010........................... Total 2009........................... 94,156,000 92,878,000 22,543,000 Total 2008........................... 94,585,000 91,059,000 16,138,000 Total 2007........................... 110,123,000 95,197,000 17,553,000 Total 2006........................... 148,433,000 126,531,000 15,857,000
2010 Direct Premiums Written: +425,783,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded.................... 337,103,000 Net Premiums Written.................. 88,680,000 Net Premiums Earned.................. 91,573,000 Net Claims & Adj Exp................... 19,037,000 Commissions................................ 28,647,000 Taxes............................................ 13,016,000 General Expenses........................ 23,240,000 Undwrwtg. Profit/Loss................... 7,633,000 Investment Income....................... 10,665,000
51.64 0.00 51.74 68.72 92.76 65.61 74.26 0.00 ————— 68.05 70.40 73.60 63.55 59.22
Growth: 13.73% %
Growth Rate (NPW)............................12.68 % of Market (NPW)..............................1.58 Earned Loss Ratio..............................68.05 Total Expense Ratio...........................30.96 Combined Loss & Exp. Ratio.............99.01 Return on Equity................................11.12
–$12,365,000 +$65,754,000
2009 2006
26.80 0.00 26.78 12.61 26.37 7.80 ————— 20.79 24.27 17.72 18.44 12.53
Growth: 0.29% %
Growth Rate (NPW)............................ –5.82 % of Market (NPW)..............................0.23 Earned Loss Ratio..............................20.79 Total Expense Ratio...........................70.88 Combined Loss & Exp. Ratio.............91.67 Return on Equity..................................8.43
+$4,088,000 +$5,037,000
2008
+$5,436,000
AVIVA CANADA INC.
B-UK
AVIVA INSURANCE COMPANY OF CANADA TRADERS GENERAL INSURANCE COMPANY SCOTTISH & YORK INSURANCE CO. LIMITED ELITE INSURANCE COMPANY S&Y INSURANCE COMPANY PILOT INSURANCE COMPANY
www.compu-quote.com
Reinsurance Assumed...................... 561,000 Reinsurance Ceded........................ 7,065,000 Net Premiums Written................ 618,365,000 Net Premiums Earned................ 577,775,000 Net Claims & Adj Exp................. 393,174,000 Commissions................................ 34,152,000 Taxes............................................ 18,672,000 General Expenses...................... 126,029,000 Undwrwtg. Profit/Loss................. 19,080,000 Investment Income....................... 48,082,000
D-US
+$27,798,000
Ingenuity. Get in the fast lane
2010 Direct Premiums Written: +624,869,000 2010 Underwriting Performance Summary
Earned Loss Ratio %
5160 Yonge St., Suite 500 Northeast Tower North York ON M2N 7C7 www.assurant.com keith.demmings@assurant.com
Underwriting Result 2010 +$7,633,000 2007 +$4,414,000
+$14,738,000 +$4,496,000
Net Claims and Adjusting Expenses $
AMERICAN BANKERS INSURANCE D-US COMPANY OF FLORIDA
Thomas Paap, Chief Agent 1600 - 130 Adelaide St. W Toronto ON M5H 3P5 thomas.paap@agr.allianz.ca
Reinsurance Assumed................. 24,238,000 Reinsurance Ceded...................... 99,329,000 Net Premiums Written................ 169,676,000 Net Premiums Earned................ 157,041,000 Net Claims & Adj Exp................. 111,143,000 Commissions................................ 10,237,000 Taxes.............................................. 7,382,000 General Expenses........................ 12,838,000 Undwrwtg. Profit/Loss................. 15,441,000 Investment Income....................... 12,893,000
Net Net Class Premiums Premiums Written Earned $ $
2008
–$63,047,000
Maurice Tulloch, President & CEO 2206 Eglinton Ave. E. Scarborough ON M1L 4S8 416-288-1800 Fax:416-288-9756 www.avivacanada.com 650,933,000 392,792,000 Prop. - Personal................. 649,193,000 Prop. - Commercial............ 396,862,000 406,490,000 248,273,000 Prop - Total ....................... 1,046,055,000 1,057,423,000 641,065,000 Auto. - Liability................... 745,856,000 769,513,000 527,421,000 Auto. - Pers. Acc................ 383,344,000 379,506,000 332,376,000 Auto. - Other....................... 559,413,000 572,951,000 345,341,000 Auto - Total ....................... 1,688,613,000 1,721,970,000 1,205,138,000 Boiler & Machinery............. 26,427,000 26,870,000 5,104,000 Fidelity................................ 543,000 658,000 382,000 Liability............................... 320,098,000 329,886,000 223,420,000 Surety................................. 49,945,000 40,690,000 5,932,000 Marine................................. –144,000 Accident & Sickness........... 1,229,000 1,271,000 375,000 ——————— ——————— ——————— Total 2010........................... 3,132,910,000 3,178,768,000 2,081,272,000 Total 2009........................... 3,222,686,000 3,162,316,000 2,280,725,000 Total 2008........................... 3,138,651,000 3,039,748,000 2,074,165,000 Total 2007........................... 3,021,014,000 2,935,257,000 1,932,541,000 Total 2006........................... 2,902,095,000 2,883,194,000 1,895,819,000
2010 Direct Premiums Written: +3,303,785,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 3,130,000 Reinsurance Ceded.................... 174,306,000 Net Premiums Written............. 3,132,910,000 Net Premiums Earned............. 3,178,768,000 Net Claims & Adj Exp.............. 2,081,272,000 Commissions.............................. 608,658,000 Taxes.......................................... 113,130,000 General Expenses...................... 323,505,000 Undwrwtg. Profit/Loss................. 52,202,000 Investment Income..................... 327,262,000
Underwriting Result 2010 +$52,202,000 2007 +$29,526,000
60.34 61.08 60.63 68.54 87.58 60.27 69.99 19.00 58.05 67.73 14.58 0.00 29.50 ————— 65.47 72.12 68.23 65.84 65.75
Growth: –2.55% %
Growth Rate (NPW)............................ –2.79 % of Market (NPW)..............................7.99 Earned Loss Ratio..............................65.47 Total Expense Ratio...........................32.88 Combined Loss & Exp. Ratio.............98.35 Return on Equity................................13.68
2009 –$153,745,000 2006 +$77,149,000
2008
–$79,363,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
CU_Annu p 070-115 2011 CUW Experience.indd 72
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CU_AnnualStats_Ad_April2011.indd 1 p 070-115 2011 CUW Experience.indd 73
11-04-27 2:40 PM 17/05/11 8:50 AM
AXA CU C
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
AMERICAN ROAD INSURANCE COMPANY 5,886,000 5,886,000 5,934,000 Auto. - Other....................... Auto - Total ....................... 5,886,000 5,886,000 5,934,000 ——————— ——————— ——————— 5,886,000 5,886,000 5,934,000 Total 2010........................... Total 2009........................... 5,005,000 5,005,000 2,534,000 Total 2008........................... 6,853,000 6,853,000 4,136,000 Total 2007........................... 7,504,000 7,504,000 8,993,000 Total 2006........................... 6,741,000 6,741,000 8,178,000
2010 Direct Premiums Written: +5,886,000 2010 Underwriting Performance Summary
Underwriting Result 2010 –$713,000 2007 –$2,358,000
2009 2006
100.82 100.82 ————— 100.82 50.63 60.35 119.84 121.32
Growth: 17.60% %
Growth Rate (NPW)............................17.60 % of Market (NPW)..............................0.02 Earned Loss Ratio............................100.82 Total Expense Ratio...........................11.30 Combined Loss & Exp. Ratio...........112.12 Return on Equity..................................0.27
+$1,797,000 –$2,163,000
2008
+$1,838,000
ARCH INSURANCE (CANADA)
B-F
Gordon Kerr, Chief Executive Officer 77 King St W Suite 3600 PO Box 308 Toronto ON M5K 1K2 416-309-8100 Fax:416-309-8150 www.archinsurance.com 19,299,000 17,476,000 10,352,000 Prop. - Commercial............ Prop - Total ....................... 19,299,000 17,476,000 10,352,000 Aircraft................................ 314,000 343,000 –636,000 Auto. - Liability................... 2,385,000 1,865,000 1,532,000 Auto. - Pers. Acc................ 1,593,000 1,215,000 4,397,000 Auto. - Other....................... 2,788,000 1,321,000 1,652,000 Auto - Total ....................... 6,766,000 4,401,000 7,581,000 Credit Protection................ 6,147,000 2,001,000 1,508,000 Liability............................... 21,388,000 19,857,000 4,376,000 Other Apprvd. Prod............ –117,000 151,000 6,000 Marine................................. 2,000 2,000 –113,000 Accident & Sickness........... 7,000 –4,000 237,000 ——————— ——————— ——————— 53,806,000 44,227,000 23,311,000 Total 2010........................... Total 2009........................... 36,494,000 32,147,000 17,658,000 Total 2008........................... 23,938,000 22,498,000 14,570,000 Total 2007........................... 22,508,000 19,774,000 10,923,000 Total 2006........................... 17,858,000 14,169,000 10,839,000
2010 Direct Premiums Written: +94,826,000 2010 Underwriting Performance Summary Reinsurance Assumed................. 13,170,000 Reinsurance Ceded...................... 54,184,000 Net Premiums Written.................. 53,806,000 Net Premiums Earned.................. 44,227,000 Net Claims & Adj Exp................... 23,311,000 Commissions................................ –3,109,000 Taxes.............................................. 2,643,000 General Expenses........................ 13,032,000 Undwrwtg. Profit/Loss................... 8,350,000 Investment Income......................... 2,851,000
Underwriting Result 2010 +$8,350,000 2007 +$4,443,000
2009 2006
Analytics
59.24 59.24 –185.42 82.14 361.89 125.06 172.26 75.36 22.04 3.97 –5,650.00 –5,925.00 ————— 52.71 54.93 64.76 55.24 76.50
Growth: 38.57% %
Growth Rate (NPW)............................47.44 % of Market (NPW)..............................0.14 Earned Loss Ratio..............................52.71 Total Expense Ratio...........................28.41 Combined Loss & Exp. Ratio.............81.12 Return on Equity................................13.33
+$6,094,000 –$772,000
2008
+$1,695,000
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Net Claims and Adjusting Expenses $
ANTIGONISH FARMERS’ MUTUAL D-US INSURANCE COMPANY
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3
Reinsurance Assumed................................... Reinsurance Ceded........................................ Net Premiums Written.................... 5,886,000 Net Premiums Earned.................... 5,886,000 Net Claims & Adj Exp..................... 5,934,000 Commissions................................................ 0 Taxes................................................. 173,000 General Expenses............................. 492,000 Undwrwtg. Profit/Loss.................... –713,000 Investment Income............................ 577,000
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
D-C
W.J. Chisholm, Manager 188 Main St. Antigonish NS B2G 2B9 902-863-3544 Fax:902-863-0664 www.antigonish-mutual.com wjc@antigonish-mutual.com Prop. - Personal................. 3,307,000 3,191,000 2,223,000 Prop - Total ....................... 3,307,000 3,191,000 2,223,000 Liability............................... 326,000 244,000 366,000 ——————— ——————— ——————— Total 2010........................... 3,633,000 3,435,000 2,589,000 Total 2009........................... 3,274,000 3,281,000 1,672,000 Total 2008........................... 3,042,000 3,067,000 1,483,000 Total 2007........................... 3,164,000 3,052,000 1,822,000 Total 2006........................... 2,967,000 2,928,000 1,391,000
2010 Direct Premiums Written: +4,683,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded........................ 1,050,000 Net Premiums Written.................... 3,633,000 Net Premiums Earned.................... 3,435,000 Net Claims & Adj Exp..................... 2,589,000 Commissions..................................... 644,000 Taxes.............................................................. General Expenses.......................................... Undwrwtg. Profit/Loss................. –1,028,000 Investment Income............................ 823,000
Underwriting Result 2010 –$1,028,000 2007 –$344,000
2009 2006
69.66 69.66 150.00 ————— 75.37 50.96 48.35 59.70 47.51
Growth: 9.26% %
Growth Rate (NPW)............................10.97 % of Market (NPW)..............................0.01 Earned Loss Ratio..............................75.37 Total Expense Ratio.............................0.00 Combined Loss & Exp. Ratio...............0.00 Return on Equity.........................................
–$130,000 +$64,000
2008
–$143,000
AXA CANADA INC. — GROUP OF COMPANIES
B-F
(P&C OPERATIONS) AXA ASSURANCES INC. AXA ASSURANCES AGRICOLES INC. AXA GENERAL INSURANCE AXA INSURANCE (CANADA) AXA PACIFIC INSURANCE COMPANY Jean-Denis Talon, Chairman Of The Board Jean-Francois Blais, Président & Chef de la direction 2020 University St., Suite 700 Montreal QC H3A 2A5 514-282-1914 Fax:514-282-9871 www.axa.ca Prop. - Personal................. Prop. - Commercial............ Prop - Total ....................... Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Boiler & Machinery............. Fidelity................................ Hail..................................... Legal Expense.................... Liability............................... Surety................................. Marine................................. Accident & Sickness........... Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
363,408,000 338,372,000 204,512,000 313,887,000 301,306,000 158,455,000 677,295,000 639,678,000 362,967,000 398,432,000 372,659,000 234,329,000 122,919,000 114,534,000 129,760,000 366,155,000 362,324,000 203,591,000 887,506,000 849,517,000 567,680,000 16,929,000 16,289,000 5,382,000 4,481,000 4,336,000 1,300,000 146,000 146,000 13,000 982,000 988,000 111,000 221,651,000 218,185,000 84,460,000 46,446,000 46,481,000 21,263,000 32,696,000 31,091,000 12,341,000 6,206,000 5,940,000 –157,000 ——————— ——————— ——————— 1,894,338,000 1,812,651,000 1,055,360,000 1,781,103,000 1,673,646,000 1,089,771,000 1,608,275,000 1,533,646,000 935,436,000 1,527,422,000 1,452,666,000 796,567,000 1,427,471,000 1,443,365,000 828,254,000
2010 Direct Premiums Written: +1,985,806,000 2010 Underwriting Performance Summary Reinsurance Assumed................. 13,676,000 Reinsurance Ceded.................... 105,144,000 Net Premiums Written............. 1,894,338,000 Net Premiums Earned............. 1,812,651,000 Net Claims & Adj Exp.............. 1,055,360,000 Commissions.............................. 298,335,000 Taxes............................................ 63,796,000 General Expenses...................... 234,015,000 Undwrwtg. Profit/Loss............... 161,145,000 Investment Income..................... 137,053,000
Underwriting Result 2010 +$161,145,000 2007 +$171,669,000
60.44 52.59 56.74 62.88 113.29 56.19 66.82 33.04 29.98 8.90 11.23 38.71 45.75 39.69 –2.64 ————— 58.22 65.11 60.99 54.83 57.38
Growth: 6.27% %
Growth Rate (NPW)..............................6.36 % of Market (NPW)..............................4.83 Earned Loss Ratio..............................58.22 Total Expense Ratio...........................32.89 Combined Loss & Exp. Ratio.............91.11 Return on Equity................................16.75
2009 +$38,046,000 2006 +$141,230,000
2008
+$94,733,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:51 AM
yo w w
AXA CU Commercial AD:Layout 1
5/5/11
10:41 AM
Page 1
you want to work with a leader we are ready
Commercial Lines With your help, we develop innovative products and work to find solutions for your clients’ insurance needs. At AXA we listen. We realize that one size does not fit all when it comes to insurance coverage. At AXA we offer expertise, innovative solutions and excellent service for your Commercial Clients including the peace of mind of dealing with a financially stable company that is the largest Insurer in the world.
www.axa.ca
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Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
BERKLEY INSURANCE COMPANY
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
D-US CAA INSURANCE COMPANY (ONTARIO)
Michael McLachlan, Chief Agent 1 First Canadian Place 100 King St W Suite 2610 Toronto ON M5X 1C8 416-304-1178 Fax:416-304-4108 www.berkleycanada.com
D-C
N.J. Parks, President 60 Commerce Valley Dr. E. Thornhill ON L3T 7P9 905-771-3000 Fax:905-771-3002
Prop. - Commercial............ 930,000 397,000 307,000 Prop - Total ....................... 930,000 397,000 307,000 Aircraft................................ 442,000 323,000 84,000 Auto. - Liability................... 307,000 240,000 158,000 Auto - Total ....................... 307,000 240,000 158,000 Fidelity................................ 382,000 252,000 50,000 Liability............................... 21,244,000 16,843,000 7,193,000 Surety................................. 2,288,000 2,754,000 933,000 Marine................................. 246,000 203,000 78,000 Accident & Sickness........... –9,000 –9,000 ——————— ——————— ——————— Total 2010........................... 25,830,000 21,003,000 8,803,000
2010 Direct Premiums Written: +25,144,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 4,454,000 Reinsurance Ceded........................ 3,987,000 Net Premiums Written.................. 25,830,000 Net Premiums Earned.................. 21,003,000 Net Claims & Adj Exp..................... 8,803,000 Commissions.................................. 3,843,000 Taxes................................................. 491,000 General Expenses.......................... 7,890,000 Undwrwtg. Profit/Loss...................... 331,000 Investment Income............................ 700,000
77.33 77.33 26.01 65.83 65.83 19.84 42.71 33.88 38.42 ————— 41.91
Growth: 0.00% %
Growth Rate (NPW)..............................0.00 % of Market (NPW)..............................0.07 Earned Loss Ratio..............................41.91 Total Expense Ratio...........................58.20 Combined Loss & Exp. Ratio...........100.11 Return on Equity..................................2.28
Underwriting Result 2010 +$331,000
21,887,000 20,090,000 8,371,000 Prop. - Personal................. Prop - Total ....................... 21,887,000 20,090,000 8,371,000 Auto. - Liability................... 46,142,000 43,304,000 32,112,000 Auto. - Pers. Acc................ 41,655,000 39,332,000 37,839,000 Auto. - Other....................... 21,359,000 21,454,000 10,879,000 Auto - Total ....................... 109,156,000 104,090,000 80,830,000 Accident & Sickness........... 14,819,000 14,468,000 4,828,000 ——————— ——————— ——————— 138,648,000 94,029,000 Total 2010........................... 145,862,000 Total 2009........................... 130,203,000 128,923,000 106,475,000 Total 2008........................... 124,077,000 117,576,000 94,522,000 Total 2007........................... 110,031,000 109,459,000 75,028,000 Total 2006........................... 107,414,000 109,759,000 76,658,000
2010 Direct Premiums Written: +137,483,000 2010 Underwriting Performance Summary
Reinsurance Assumed................. 14,319,000 Reinsurance Ceded........................ 5,940,000 Net Premiums Written................ 145,862,000 Net Premiums Earned................ 138,648,000 Net Claims & Adj Exp................... 94,029,000 Commissions.................................. 8,034,000 Taxes.............................................. 4,063,000 General Expenses........................ 38,938,000 Undwrwtg. Profit/Loss................. –3,790,000 Investment Income....................... 14,439,000
Underwriting Result 2010 –$3,790,000 2007 –$1,667,000
2009 2006
Growth: 11.75% %
Growth Rate (NPW)............................12.03 % of Market (NPW)..............................0.37 Earned Loss Ratio..............................67.82 Total Expense Ratio...........................36.81 Combined Loss & Exp. Ratio...........104.63 Return on Equity................................10.01
–$23,183,000 –$380,000
2008
–$19,908,000
THE BOILER INSPECTION AND INSURANCE COMPANY OF CANADA B-US CANADIAN DIRECT INSURANCE
Prop. - Personal................. 639,000 535,000 79,000 Prop. - Commercial............ 1,103,000 2,496,000 2,391,000 Prop - Total ....................... 1,742,000 3,031,000 2,470,000 Boiler & Machinery............. 94,201,000 91,907,000 19,154,000 Liability............................... 1,000 1,000 ——————— ——————— ——————— Total 2010........................... 95,944,000 94,939,000 21,624,000 Total 2009........................... 90,670,000 90,010,000 24,783,000 Total 2008........................... 89,935,000 87,581,000 24,071,000 Total 2007........................... 85,795,000 85,232,000 19,645,000 Total 2006........................... 85,904,000 86,459,000 18,690,000
2010 Direct Premiums Written: +27,139,000 2010 Underwriting Performance Summary
Underwriting Result 2010 +$26,460,000 2007 +$22,384,000
2009 2006
14.77 95.79 81.49 20.84 ————— 22.78 27.53 27.48 23.05 21.62
Growth: –15.64% %
Growth Rate (NPW)..............................5.82 % of Market (NPW)..............................0.24 Earned Loss Ratio..............................22.78 Total Expense Ratio...........................49.35 Combined Loss & Exp. Ratio.............72.13 Return on Equity................................27.08
+$16,513,000 +$24,681,000
Ingenuity.
D-C
Suite 600-750 Cambie Street Vancouver BC V6B 0A2 604-699-3838 Fax:604-699-3860 canadiandirect.com insurancegeneral@canadiandirect.ca
John Mulvihill, President & Chief Executive Officer 250 Yonge St Suite 3000 Toronto ON M5B 2L7 416-363-5491 Fax:416-363-0538 www.biico.com corporate@biico.com
Reinsurance Assumed................. 74,382,000 Reinsurance Ceded........................ 5,620,000 Net Premiums Written.................. 95,944,000 Net Premiums Earned.................. 94,939,000 Net Claims & Adj Exp................... 21,624,000 Commissions................................ 27,697,000 Taxes.............................................. 1,295,000 General Expenses........................ 17,863,000 Undwrwtg. Profit/Loss................. 26,460,000 Investment Income......................... 4,458,000
41.67 41.67 74.15 96.20 50.71 77.65 33.37 ————— 67.82 82.59 80.39 68.54 69.84
2008
+$17,521,000
29,378,000 27,343,000 18,217,000 Prop. - Personal................. Prop - Total ....................... 29,378,000 27,343,000 18,217,000 Auto. - Liability................... 30,917,000 29,107,000 18,793,000 Auto. - Pers. Acc................ 3,050,000 3,046,000 1,806,000 Auto. - Other....................... 50,917,000 50,744,000 30,401,000 Auto - Total ....................... 84,884,000 82,897,000 51,000,000 Liability............................... 1,243,000 1,128,000 574,000 ——————— ——————— ——————— 111,368,000 69,791,000 Total 2010........................... 115,505,000 Total 2009........................... 109,571,000 104,063,000 69,851,000 Total 2008........................... 100,205,000 97,943,000 65,462,000 Total 2007........................... 97,771,000 94,914,000 63,695,000 Total 2006........................... 85,164,000 81,675,000 53,845,000
2010 Direct Premiums Written: +124,451,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 8,946,000 Net Premiums Written................ 115,505,000 Net Premiums Earned................ 111,368,000 Net Claims & Adj Exp................... 69,791,000 Commissions.................................. 1,224,000 Taxes.............................................. 4,706,000 General Expenses........................ 27,359,000 Undwrwtg. Profit/Loss................. 10,068,000 Investment Income......................... 6,513,000
Underwriting Result 2010 +$10,068,000 2007 +$6,785,000
2009 2006
66.62 66.62 64.57 59.29 59.91 61.52 50.89 ————— 62.67 67.12 66.84 67.11 65.93
Growth: 6.52% %
Growth Rate (NPW)..............................5.42 % of Market (NPW)..............................0.29 Earned Loss Ratio..............................62.67 Total Expense Ratio...........................29.89 Combined Loss & Exp. Ratio.............92.56 Return on Equity................................18.76
+$6,506,000 +$6,902,000
2008
+$6,448,000
Get in the fast lane
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:52 AM
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
LA CAPITALE ASSURANCES GENERALES INC.
Earned Loss Ratio %
Prop. - Personal................. 129,297,000 121,706,000 72,402,000 Prop. - Commercial............ 20,802,000 19,920,000 11,659,000 Prop - Total ....................... 150,099,000 141,626,000 84,061,000 Auto. - Liability................... 122,503,000 114,921,000 70,880,000 Auto. - Pers. Acc................ 21,701,000 21,569,000 40,558,000 Auto. - Other....................... 134,563,000 125,254,000 64,744,000 Auto - Total ....................... 278,767,000 261,744,000 176,182,000 Legal Expense.................... 3,594,000 3,622,000 2,582,000 Liability............................... 11,265,000 9,946,000 5,594,000 Surety................................. 5,067,000 5,061,000 2,175,000 ——————— ——————— ——————— Total 2010........................... 448,792,000 421,999,000 270,594,000 Total 2009........................... 423,955,000 397,577,000 262,009,000 Total 2008........................... 406,120,000 376,047,000 260,904,000 Total 2007........................... 366,588,000 352,594,000 232,645,000 Total 2006........................... 344,202,000 332,390,000 231,606,000
2010 Direct Premiums Written: +454,336,000 2010 Underwriting Performance Summary
Underwriting Result 2010 +$19,415,000 2007 +$29,360,000
2009 2006
59.49 58.53 59.35 61.68 188.04 51.69 67.31 71.29 56.24 42.98 ————— 64.12 65.90 69.38 65.98 69.68
Growth: 4.79% %
Growth Rate (NPW)..............................5.86 % of Market (NPW)..............................1.14 Earned Loss Ratio..............................64.12 Total Expense Ratio...........................31.00 Combined Loss & Exp. Ratio.............95.12 Return on Equity................................11.78
+$15,412,000 +$16,069,000
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
CNA CANADA D-C
Constance Lemieux, Presidente et chef de l’exploitation 525, boul. Rene-Levesque Est, 6eme etage, CP Box 17100 Quebec QC G1K 9E2 418-266-9525 Fax:418-266-3467
Reinsurance Assumed............... 131,533,000 Reinsurance Ceded.................... 137,077,000 Net Premiums Written................ 448,792,000 Net Premiums Earned................ 421,999,000 Net Claims & Adj Exp................. 270,594,000 Commissions................................ 32,374,000 Taxes............................................ 14,978,000 General Expenses........................ 83,459,000 Undwrwtg. Profit/Loss................. 19,415,000 Investment Income....................... 10,418,000
Class
2008
+$19,131,000
B-US
CONTINENTAL CASUALTY COMPANY Gary J Owcar, Chief Agent, President & COO 250 Yonge St., Suite 1500 Toronto ON M5B 2L7 416-542-7300 Fax:416-542-7360 www.cnacanada.ca 18,000 18,000 457,000 Prop. - Personal................. Prop. - Commercial............ 49,765,000 47,734,000 23,050,000 Prop - Total ....................... 49,783,000 47,752,000 23,507,000 Aircraft................................ –2,000 –2,000 –167,000 Auto. - Liability................... 11,136,000 10,494,000 13,961,000 Auto. - Pers. Acc................ 1,544,000 1,343,000 244,000 Auto. - Other....................... 6,403,000 5,869,000 5,300,000 Auto - Total ....................... 19,083,000 17,706,000 19,505,000 Boiler & Machinery............. 259,000 174,000 –16,000 Fidelity................................ 792,000 826,000 30,000 Liability............................... 133,492,000 134,395,000 73,126,000 Marine................................. 33,082,000 32,989,000 17,596,000 Accident & Sickness........... 37,000 ——————— ——————— ——————— 233,840,000 133,618,000 Total 2010........................... 236,489,000 Total 2009........................... 225,350,000 228,776,000 121,169,000 Total 2008........................... 237,887,000 229,435,000 148,735,000 Total 2007........................... 232,004,000 225,779,000 124,629,000 Total 2006........................... 231,248,000 230,605,000 117,745,000
2010 Direct Premiums Written: +245,074,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 4,936,000 Reinsurance Ceded...................... 16,013,000 Net Premiums Written................ 236,489,000 Net Premiums Earned................ 233,840,000 Net Claims & Adj Exp................. 133,618,000 Commissions................................ 48,606,000 Taxes.............................................. 7,085,000 General Expenses........................ 21,032,000 Undwrwtg. Profit/Loss................. 23,499,000 Investment Income....................... 25,650,000
Underwriting Result 2010 +$23,499,000 2007 +$27,651,000
2009 2006
2,538.89 48.29 49.23 8,350.00 133.04 18.17 90.30 110.16 –9.20 3.63 54.41 53.34 0.00 ————— 57.14 52.96 64.83 55.20 51.06
Growth: 1.32% %
Growth Rate (NPW)..............................4.94 % of Market (NPW)..............................0.60 Earned Loss Ratio..............................57.14 Total Expense Ratio...........................32.81 Combined Loss & Exp. Ratio.............89.95 Return on Equity................................11.08
+$29,870,000 +$40,003,000
2008
+$3,066,000
With the right team by your side, no goal is unattainable. Strength and Support to keep you in the game. For more than a century, CNA has helped businesses prepare for any challenge. Our “A” rating for financial strength, breadth of coverages, exceptional claim service, global presence and local underwriting authority enable us to support you, however and whenever you need it. When you are looking for a carrier with the experience and insight you need to keep you competitive in the face of risk … we can show you more. Sm
For more information, please contact your local underwriter or visit www.cnacanada.ca.
www.cnacanada.ca CNA is a registered trademark of CNA Financial Corporation. Copyright © 2009 CNA. All rights reserved.
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4 5
1 2 3 4 5 Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
CHARTIS INSURANCE COMPANY OF CANADA
Earned Loss Ratio %
B-US
Lynn Oldfield, Chief Executive Officer 1400 145 Wellington St. W. Toronto ON M5J 1H8 416-596-3000 Fax:416-977-2743 www.chartisinsurance.net 137,088,000 124,596,000 Prop. - Commercial............ 143,474,000 Aircraft................................ 3,242,000 4,669,000 2,252,000 Auto. - Liability................... 21,545,000 20,284,000 21,314,000 Auto. - Pers. Acc................ 7,595,000 7,847,000 6,802,000 Auto - Total ....................... 38,038,000 36,668,000 33,096,000 Auto. - Other....................... 8,898,000 8,537,000 4,980,000 Boiler & Machinery............. 3,032,000 3,063,000 1,011,000 Credit.................................. 4,564,000 4,312,000 1,235,000 Fidelity................................ 11,629,000 12,257,000 2,482,000 Liability............................... 278,632,000 283,221,000 190,205,000 Surety................................. 10,893,000 10,936,000 2,400,000 Marine................................. 5,159,000 4,455,000 –484,000 Accident & Sickness........... 87,933,000 88,333,000 55,949,000 ——————— ——————— ——————— Total 2010........................... 586,596,000 585,002,000 412,742,000 Total 2009........................... 574,369,000 596,953,000 444,808,000 Total 2008........................... 498,752,000 161,434,000 24,982,000 Total 2007........................... 76,535,000 93,477,000 41,795,000 Total 2006........................... 107,632,000 120,934,000 77,792,000
2010 Direct Premiums Written: +1,005,920,000 2010 Underwriting Performance Summary Reinsurance Assumed................. 20,217,000 Reinsurance Ceded.................... 430,213,000 Net Premiums Written................ 586,596,000 Net Premiums Earned................ 585,002,000 Net Claims & Adj Exp................. 412,742,000 Commissions................................ 30,481,000 Taxes............................................ 30,393,000 General Expenses........................ 60,311,000 Undwrwtg. Profit/Loss................. 51,075,000 Investment Income..................... 179,102,000
Underwriting Result 2010 +$51,075,000 2007 +$30,478,000
2009 2006
90.89 48.23 105.08 86.68 90.26 58.33 33.01 28.64 20.25 67.16 21.95 –10.86 63.34 ————— 70.55 74.51 15.48 44.71 64.33
Growth: 0.35% %
Growth Rate (NPW)..............................2.13 % of Market (NPW)..............................1.50 Earned Loss Ratio..............................70.55 Total Expense Ratio...........................20.72 Combined Loss & Exp. Ratio.............91.27 Return on Equity................................11.64
2008
CLARE MUTUAL INSURANCE COMPANY
2010 Direct Premiums Written: +2,564,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded........................ 1,620,000 Net Premiums Written....................... 944,000 Net Premiums Earned....................... 907,000 Net Claims & Adj Exp........................ 481,000 Commissions..................................... 131,000 Taxes................................................... 97,000 General Expenses............................. 699,000 Undwrwtg. Profit/Loss.................... –131,000 Investment Income............................ 109,000
Underwriting Result 2010 –$131,000 2007 –$31,000
2009 2006
F
D-C
Janice Belliveau, President Belliveau Cove Digby County NS B0W 1J0 902-837-4597 Fax:902-837-7745 829,000 806,000 474,000 Prop. - Personal................. Prop. - Commercial............ 81,000 72,000 Prop - Total ....................... 910,000 878,000 474,000 Liability............................... 34,000 29,000 7,000 ——————— ——————— ——————— 944,000 907,000 481,000 Total 2010........................... Total 2009........................... 942,000 914,000 301,000 Total 2008........................... 956,000 939,000 452,000 Total 2007........................... 959,000 925,000 390,000 Total 2006........................... 895,000 868,000 211,000
58.81 53.99 24.14 ————— 53.03 32.93 48.14 42.16 24.31
Growth: 4.65% %
Growth Rate (NPW)..............................0.21 % of Market (NPW)..............................0.00 Earned Loss Ratio..............................53.03 Total Expense Ratio.........................102.21 Combined Loss & Exp. Ratio...........155.24 Return on Equity................................ –0.15
–$18,000 +$232,000
2008
–$105,000
B-US
Ellen J. Moore, President One Financial Place, 1 Adelaide St. E. Toronto ON M5C 2V9 416-863-0550 Fax:416-863-3144
www.compu-quote.com
199,451,000 77,655,000 Prop. - Personal................. 201,080,000 Prop. - Commercial............ 62,271,000 61,541,000 13,908,000 Prop - Total ....................... 263,351,000 260,992,000 91,563,000 Aircraft................................ 12,000 Auto. - Liability................... 31,386,000 29,873,000 18,136,000 Auto. - Pers. Acc................ 7,447,000 7,138,000 13,342,000 Auto. - Other....................... 27,216,000 26,418,000 11,658,000 Auto - Total ....................... 66,049,000 63,429,000 43,136,000 Boiler & Machinery............. 4,924,000 5,052,000 1,496,000 Credit.................................. 1,000 Fidelity................................ 21,100,000 20,668,000 6,292,000 Liability............................... 213,555,000 225,998,000 45,349,000 Surety................................. 14,290,000 10,082,000 1,397,000 Marine................................. 3,226,000 3,740,000 2,659,000 Accident & Sickness........... 11,640,000 11,331,000 5,187,000 ——————— ——————— ——————— Total 2010........................... 598,135,000 601,292,000 197,092,000 Total 2009........................... 607,834,000 618,997,000 351,432,000 Total 2008........................... 575,132,000 580,674,000 352,012,000 Total 2007........................... 578,432,000 590,749,000 286,880,000 Total 2006........................... 601,142,000 594,038,000 282,855,000
2010 Direct Premiums Written: +637,760,000 2010 Underwriting Performance Summary
38.93 22.60 35.08 0.00 60.71 186.92 44.13 68.01 29.61 0.00 30.44 20.07 13.86 71.10 45.78 ————— 32.78 56.77 60.62 48.56 47.62
Growth: 0.57% %
Growth Rate (NPW)............................ –1.60 % of Market (NPW)..............................1.53 Earned Loss Ratio..............................32.78 Total Expense Ratio...........................32.05 Combined Loss & Exp. Ratio.............64.83 Return on Equity................................25.42
2009 +$74,215,000 2006 +$133,860,000
78
Earned Loss Ratio %
+$82,359,000
CHUBB INSURANCE COMPANY OF CANADA
Underwriting Result 2010 +$211,466,000 2007 +$121,845,000
Net Claims and Adjusting Expenses $
Ingenuity. Get in the fast lane
+$39,903,000 +$19,092,000
Reinsurance Assumed................... 1,818,000 Reinsurance Ceded...................... 48,636,000 Net Premiums Written................ 598,135,000 Net Premiums Earned................ 601,292,000 Net Claims & Adj Exp................. 197,092,000 Commissions................................ 91,737,000 Taxes............................................ 21,359,000 General Expenses........................ 79,638,000 Undwrwtg. Profit/Loss............... 211,466,000 Investment Income....................... 71,672,000
Net Net Class Premiums Premiums Written Earned $ $
2008
+$46,306,000
CO-OPERATIVE HAIL INSURANCE COMPANY LIMITED
D-C
Nick S Gayton, Chief Executive Officer Box 777, 2709-13th Ave. Regina SK S4P 3A8 306-522-8891 Fax:306-352-9130 dstumph@coophail.com 33,491,000 33,491,000 21,889,000 Hail..................................... ——————— ——————— ——————— 33,491,000 33,491,000 21,889,000 Total 2010........................... Total 2009........................... 25,593,000 25,593,000 4,426,000 Total 2008........................... 24,894,000 24,894,000 22,966,000 Total 2007........................... 20,282,000 20,282,000 22,084,000 Total 2006........................... 15,430,000 15,430,000 16,252,000
2010 Direct Premiums Written: +49,017,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded...................... 15,526,000 Net Premiums Written.................. 33,491,000 Net Premiums Earned.................. 33,491,000 Net Claims & Adj Exp................... 21,889,000 Commissions.................................. 1,965,000 Taxes.............................................. 1,397,000 General Expenses.......................... 2,219,000 Undwrwtg. Profit/Loss................... 6,021,000 Investment Income......................... 1,552,000
Underwriting Result 2010 +$6,021,000 2007 –$5,932,000
2009 2006
65.36 ————— 65.36 17.29 92.26 108.88 105.33
Growth: 13.05% %
Growth Rate (NPW)............................30.86 % of Market (NPW)..............................0.09 Earned Loss Ratio..............................65.36 Total Expense Ratio...........................16.66 Combined Loss & Exp. Ratio.............82.02 Return on Equity................................17.97
+$18,987,000 –$4,051,000
2008
–$1,779,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011 4
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Multinational means helping you feel at home anywhere. Whether your business is in two countries or 92, you can count on seamless service when you choose multinational insurance solutions from Chartis. With nearly 9,000 dedicated claims professionals across 320 offices worldwide, we’ll partner with you to ensure that your needs are being met and your claims are being handled properly. Learn more at www.chartisinsurance.com/multinational
Kek Loc Si Temple Malaysia – Where Chartis insurers have done business since 1952
All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. For additional information, please visit our website at www.chartisinsurance.com.
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Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
CO-OPERATORS GENERAL DESJARDINS GENERAL INSURANCE COMPANY (Consolidated) D-C INSURANCE GROUP INC. CO-OPERATORS GENERAL INSURANCE COMPANY COSECO INSURANCE COMPANY L’EQUITABLE COMPAGNIE D’ASSURANCES GENERALES SOVEREIGN GENERAL INSURANCE COMPANY L’UNION CANADIENNE, COMPAGNIE D’ASSURANCES
Prop. - Personal................. 561,622,000 534,340,000 341,472,000 Prop. - Commercial............ 285,048,000 269,882,000 196,367,000 Prop - Total ....................... 846,670,000 804,222,000 537,839,000 Aircraft................................ –1,000 –1,000 –106,000 Auto. - Liability................... 508,493,000 511,761,000 356,302,000 Auto. - Pers. Acc................ 220,160,000 221,505,000 244,851,000 Auto. - Other....................... 361,272,000 366,716,000 242,664,000 Auto - Total ....................... 1,089,925,000 1,099,982,000 843,817,000 Boiler & Machinery............. 16,000 –61,000 –29,000 Fidelity................................ –76,000 1,370,000 291,000 Hail..................................... 1,000 Liability............................... 178,700,000 178,785,000 89,452,000 Surety................................. 7,796,000 7,106,000 401,000 Marine................................. 8,154,000 8,092,000 4,345,000 Accident & Sickness........... 106,000 167,000 156,000 ——————— ——————— ——————— Total 2010........................... 2,131,290,000 2,099,662,000 1,476,167,000 Total 2009........................... 2,099,371,000 2,037,792,000 1,435,749,000 Total 2008........................... 2,023,403,000 1,980,161,000 1,456,593,000 Total 2007........................... 1,938,608,000 1,908,334,000 1,269,227,000 Total 2006........................... 1,935,605,000 1,855,859,000 1,276,555,000
2010 Direct Premiums Written: +2,301,705,000 2010 Underwriting Performance Summary
Underwriting Result 2010 –$72,815,000 2007 +$32,577,000
2009 2006
63.91 72.76 66.88 10,600.00 69.62 110.54 66.17 76.71 47.54 21.24 0.00 50.03 5.64 53.70 93.41 ————— 70.30 70.46 73.56 66.51 68.79
Growth: 3.56% %
Growth Rate (NPW)..............................1.52 % of Market (NPW)..............................5.44 Earned Loss Ratio..............................70.30 Total Expense Ratio...........................34.75 Combined Loss & Exp. Ratio...........105.05 Return on Equity..................................6.59
–$62,377,000 +$3,326,000
D-C
Katherine Bardswick, President & Chief Executive Officer P.O. Box 5065, 151 North Service Rd. Burlington ON L7R 4C2 905-632-1221 Fax:905-632-9412 www.cumis.com 26,164,000 18,276,000 12,530,000 Prop. - Personal................. Prop. - Commercial............ 15,102,000 12,142,000 3,637,000 Prop - Total ....................... 41,266,000 30,418,000 16,167,000 Auto. - Liability................... 17,626,000 12,907,000 7,421,000 Auto. - Pers. Acc................ 12,368,000 8,926,000 7,905,000 Auto. - Other....................... 12,602,000 9,794,000 4,908,000 Auto - Total ....................... 42,596,000 31,627,000 20,234,000 Boiler & Machinery............. –14,000 Fidelity................................ 9,320,000 7,811,000 3,475,000 Liability............................... 7,791,000 6,548,000 2,460,000 Surety................................. 5,000 7,000 Accident & Sickness........... 3,030,000 2,729,000 629,000 ——————— ——————— ——————— Total 2010........................... 104,008,000 79,140,000 42,951,000 Total 2009........................... 34,087,000 32,856,000 20,907,000 Total 2008........................... 33,097,000 30,685,000 15,865,000 Total 2007........................... 28,148,000 27,362,000 15,507,000 Total 2006........................... 26,506,000 26,992,000 20,127,000
Reinsurance Assumed................... 2,721,000 Reinsurance Ceded...................... –9,279,000 Net Premiums Written................ 104,008,000 Net Premiums Earned.................. 79,140,000 Net Claims & Adj Exp................... 42,951,000 Commissions................................ 10,287,000 Taxes.............................................. 3,046,000 General Expenses........................ 19,818,000 Undwrwtg. Profit/Loss................... 3,328,000 Investment Income......................... 4,889,000
Underwriting Result 2010 +$3,328,000 2007 +$2,060,000
2009 2006
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68.56 29.95 53.15 57.50 88.56 50.11 63.98 0.00 44.49 37.57 23.05 ————— 54.27 63.63 51.70 56.67 74.57
Growth: 12.11% %
Growth Rate (NPW)..........................205.13 % of Market (NPW)..............................0.27 Earned Loss Ratio..............................54.27 Total Expense Ratio...........................41.89 Combined Loss & Exp. Ratio.............96.16 Return on Equity................................12.33
+$3,045,000 –$247,000
Prop. - Personal................. Prop. - Commercial............ Prop - Total ....................... Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Boiler & Machinery............. Fidelity................................ Liability............................... Surety................................. Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
508,035,000 483,630,000 270,040,000 49,663,000 46,796,000 21,026,000 557,698,000 530,426,000 291,066,000 431,974,000 401,527,000 283,558,000 181,892,000 162,429,000 199,766,000 424,938,000 407,982,000 259,773,000 1,038,804,000 971,938,000 743,097,000 447,000 434,000 –22,000 2,116,000 2,135,000 820,000 19,428,000 19,025,000 21,106,000 313,000 304,000 5,000 ——————— ——————— ——————— 1,618,806,000 1,524,262,000 1,056,072,000 1,471,075,000 1,442,868,000 991,955,000 1,434,612,000 1,425,727,000 1,055,943,000 1,401,809,000 1,379,296,000 955,950,000 1,385,268,000 1,376,051,000 980,891,000
2010 Direct Premiums Written: +1,646,423,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded...................... 27,617,000 Net Premiums Written............. 1,618,806,000 Net Premiums Earned............. 1,524,262,000 Net Claims & Adj Exp.............. 1,056,072,000 Commissions................................ 69,941,000 Taxes............................................ 52,745,000 General Expenses...................... 264,082,000 Undwrwtg. Profit/Loss................. 81,421,000 Investment Income....................... 86,717,000
Underwriting Result 2010 +$81,421,000 2007 +$102,831,000
55.84 44.93 54.87 70.62 122.99 63.67 76.46 –5.07 38.41 110.94 1.64 ————— 69.28 68.75 74.06 69.31 71.28
Growth: 9.87% %
Growth Rate (NPW)............................10.04 % of Market (NPW)..............................4.13 Earned Loss Ratio..............................69.28 Total Expense Ratio...........................25.37 Combined Loss & Exp. Ratio.............94.65 Return on Equity................................16.20
2009 +$81,325,000 2006 +$110,775,000
2008
+$31,627,000
2008 –$126,271,000
CUMIS GENERAL INSURANCE COMPANY
2010 Direct Premiums Written: +92,008,000 2010 Underwriting Performance Summary
D-C
Sylvie Paquette, Président 6300 Boul. De La Rive-Sud Levis QC G6V 6P9 418-835-4850 Fax:418-835-5599 www.desjardins.com
Katherine Bardswick, President & C.E.O. Priory Square Guelph ON N1H 6P8 519-824-4400 Fax:519-837-0231
Reinsurance Assumed............... –13,948,000 Reinsurance Ceded.................... 156,570,000 Net Premiums Written............. 2,131,290,000 Net Premiums Earned............. 2,099,662,000 Net Claims & Adj Exp.............. 1,476,167,000 Commissions.............................. 369,778,000 Taxes............................................ 75,465,000 General Expenses...................... 284,462,000 Undwrwtg. Profit/Loss............... –72,815,000 Investment Income..................... 180,610,000
Earned Loss Ratio %
2008
+$3,732,000
THE DOMINION OF CANADA GENERAL INSURANCE COMPANY
B-C
G.L. Cooke, President & C.E.O. 165 University Ave. Toronto ON M5H 3B9 416-362-7231 Fax:416-362-9918 Prop. - Personal................. Prop. - Commercial............ Prop - Total ....................... Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Fidelity................................ Liability............................... Surety................................. Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
248,288,000 238,233,000 164,772,000 103,549,000 104,128,000 69,485,000 351,837,000 342,361,000 234,257,000 361,496,000 359,964,000 241,353,000 195,491,000 182,353,000 222,761,000 223,129,000 222,004,000 117,440,000 780,116,000 764,321,000 581,554,000 1,255,000 1,325,000 –77,000 79,991,000 80,526,000 33,494,000 1,760,000 1,796,000 44,000 ——————— ——————— ——————— 1,214,959,000 1,190,329,000 849,272,000 1,128,003,000 1,086,026,000 903,431,000 1,047,757,000 1,023,257,000 768,579,000 996,484,000 998,882,000 714,655,000 1,016,136,000 1,026,997,000 644,017,000
2010 Direct Premiums Written: +1,268,555,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 3,846,000 Reinsurance Ceded...................... 57,448,000 Net Premiums Written............. 1,214,959,000 Net Premiums Earned............. 1,190,329,000 Net Claims & Adj Exp................. 849,272,000 Commissions.............................. 206,187,000 Taxes............................................ 40,899,000 General Expenses...................... 119,199,000 Undwrwtg. Profit/Loss............... –10,190,000 Investment Income....................... 96,292,000
Underwriting Result 2010 –$10,190,000 2007 –$15,725,000
69.16 66.73 68.42 67.05 122.16 52.90 76.09 –5.81 41.59 2.45 ————— 71.35 83.19 75.11 71.55 62.71
Growth: 7.61% %
Growth Rate (NPW)..............................7.71 % of Market (NPW)..............................3.10 Earned Loss Ratio..............................71.35 Total Expense Ratio...........................30.77 Combined Loss & Exp. Ratio...........102.12 Return on Equity..................................9.13
2009 –$144,036,000 2006 +$80,356,000
2008
–$50,749,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:54 AM
ADV314 Canadian Insurance Statistical Issue_April2011_HighRes-bleed.pdf 1 25/05/2011 8:42:46 AM
What about my kids?
Can you protect my home-based business?
Can you help protect what’s important to me?
Can you help me save for their education? I have plans for my retirement.
safe and simple plan? What about my family and the home If I get sick or injured, can you protect my income and my way of life?
What about our investments?
What about protecting my family and our home?
What about my family and the home where we live?
What if I want to renovate my home?
ou help me save for their education? medical expenses?
What if we have water damage?
What about my kids?
when the time comes
Can you protect our mortgage? What if my basement floods?
What happens if I have to make a claim?
what about our cottage?
our rental property? What about my company car?
premiums?
p me invest in a safe and simple plan? C
M
How are my premiums affected?
Y
CM
MY
CY
MY
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There’s no question we have a different approach to insurance. As part of a co-operative organization owned by 47 Canadian co-operatives, credit unions and like-minded organizations, we’ve built our business around caring for people, planning for the long term and supporting our communities. To learn more, visit www.cooperators.ca. *The Co-operators does not underwrite auto insurance in BC and MB. Extension policy offered in SK.
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Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
ECHELON GENERAL INSURANCE COMPANY
B-C
Douglas McIntrye, Executive Chairman Steve Dobronyi, C.E.O. George Kalopsis, President & C.O.O. 2680 Matheson Blvd E, Suite 300 Mississauga ON L4W 0A5 905-214-7880 Fax:905-214-7883 www.echelon-insurance.ca
2010 Direct Premiums Written: +177,852,000 2010 Underwriting Performance Summary Reinsurance Assumed...................... 171,000 Reinsurance Ceded...................... 42,699,000 Net Premiums Written................ 135,324,000 Net Premiums Earned................ 132,165,000 Net Claims & Adj Exp................... 99,955,000 Commissions................................ 20,677,000 Taxes.............................................. 5,331,000 General Expenses........................ 19,402,000 Undwrwtg. Profit/Loss............... –10,180,000 Investment Income....................... 12,940,000
2009 2006
16.49 72.01 57.03 72.59 113.72 53.73 81.25 16.55 20.22 66.09 48.77 ————— 75.63 71.68 66.59 59.79 57.91
Growth: 13.16% %
Growth Rate (NPW)............................20.47 % of Market (NPW)..............................0.35 Earned Loss Ratio..............................75.63 Total Expense Ratio...........................34.36 Combined Loss & Exp. Ratio...........109.99 Return on Equity..................................1.70
–$4,825,000 +$14,652,000
2008
+$827,000
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EMPLOYERS INSURANCE COMPANY OF WAUSAU
B-US
Michael Molony, Chief Agent For Canada 181 Bay St., Suite 1000 Brookfield Place Toronto ON M5J 2T3 416-365-7587 Fax:416-307-4372 –1,000 0.00 Prop. - Commercial............ Prop - Total ....................... 0 0 –1,000 Auto. - Liability................... 1,000 0.00 Auto. - Pers. Acc................ 1,000 0.00 Auto - Total ....................... 0 0 2,000 Liability............................... –159,000 0.00 ——————— ——————— ——————— ————— 0 0 –158,000 Total 2010........................... Total 2009........................... 0 0 301,000 Total 2008........................... 0 0 93,000 Total 2007........................... –5,000 –5,000 510,000 –10,200.00 Total 2006........................... 0 0 –157,000
2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded........................................ Net Premiums Written.................................. 0 Net Premiums Earned.................................. 0 Net Claims & Adj Exp...................... –158,000 Commissions................................................ 0 Taxes..................................................... 1,000 General Expenses............................... 94,000 Undwrwtg. Profit/Loss........................ 63,000 Investment Income............................ 857,000
2009 2006
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B-C
%
Growth Rate (NPW)..............................0.00 % of Market (NPW)..............................0.00 Earned Loss Ratio................................0.00 Total Expense Ratio.............................0.00 Combined Loss & Exp. Ratio...............0.00 Return on Equity..................................8.15
–$384,000 +$84,000
2008
Katherine Mabe, President & Chief Executive Officer 111 Westmount Rd. S. Waterloo ON N2J 4S4 519-570-8200 Fax:519-570-8389 www.economicalinsurance.com Prop. - Personal................. Prop. - Commercial............ Prop - Total ....................... Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Boiler & Machinery............. Fidelity................................ Liability............................... Surety................................. Marine................................. Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
–$207,000
305,241,000 310,466,000 168,379,000 270,320,000 264,261,000 165,635,000 575,561,000 574,727,000 334,014,000 381,715,000 404,982,000 310,374,000 226,467,000 239,953,000 287,552,000 297,777,000 309,807,000 172,623,000 905,959,000 954,742,000 770,549,000 –126,000 –122,000 2,000 2,194,000 2,230,000 287,000 141,730,000 143,710,000 61,339,000 1,025,000 1,032,000 1,661,000 35,000 50,000 41,000 ——————— ——————— ——————— 1,626,378,000 1,676,369,000 1,167,893,000 1,747,468,000 1,813,256,000 1,400,291,000 1,862,711,000 1,844,800,000 1,501,949,000 1,832,988,000 1,829,554,000 1,265,570,000 1,839,704,000 1,767,611,000 1,218,109,000
2010 Direct Premiums Written: +1,704,141,000 2010 Underwriting Performance Summary Reinsurance Assumed................. 17,889,000 Reinsurance Ceded...................... 95,652,000 Net Premiums Written............. 1,626,378,000 Net Premiums Earned............. 1,676,369,000 Net Claims & Adj Exp.............. 1,167,893,000 Commissions.............................. 349,563,000 Taxes............................................ 58,896,000 General Expenses...................... 155,698,000 Undwrwtg. Profit/Loss............... –55,681,000 Investment Income..................... 147,089,000
Underwriting Result 2010 –$55,681,000 2007 +$3,368,000
SEE each risk and validate prior to quoting
Underwriting Result 2010 +$63,000 2007 –$609,000
THE ECONOMICAL INSURANCE GROUP
Earned Loss Ratio %
ECONOMICAL MUTUAL INSURANCE COMPANY THE MISSISQUOI INSURANCE COMPANY WATERLOO INSURANCE COMPANY PERTH INSURANCE COMPANY FEDERATION INSURANCE COMPANY OF CANADA
4,934,000 2,504,000 413,000 Prop. - Personal................. Prop. - Commercial............ 6,870,000 6,774,000 4,878,000 Prop - Total ....................... 11,804,000 9,278,000 5,291,000 Auto. - Liability................... 50,990,000 49,189,000 35,705,000 Auto. - Pers. Acc................ 32,702,000 32,135,000 36,544,000 Auto. - Other....................... 22,929,000 22,424,000 12,049,000 Auto - Total ....................... 106,621,000 103,748,000 84,298,000 Credit.................................. 2,000 1,039,000 172,000 Legal Expense.................... 571,000 554,000 112,000 Liability............................... 8,046,000 9,023,000 5,963,000 Surety................................. 92,000 77,000 Accident & Sickness........... 8,188,000 8,446,000 4,119,000 ——————— ——————— ——————— 132,165,000 99,955,000 Total 2010........................... 135,324,000 Total 2009........................... 112,326,000 118,082,000 84,643,000 Total 2008........................... 136,341,000 141,859,000 94,462,000 Total 2007........................... 144,156,000 117,626,000 70,328,000 Total 2006........................... 103,583,000 102,040,000 59,089,000
Underwriting Result 2010 –$10,180,000 2007 +$9,394,000
Net Claims and Adjusting Expenses $
54.23 62.68 58.12 76.64 119.84 55.72 80.71 –1.64 12.87 42.68 160.95 82.00 ————— 69.67 77.23 81.42 69.17 68.91
Growth: –5.80% %
Growth Rate (NPW)............................ –6.93 % of Market (NPW)..............................4.15 Earned Loss Ratio..............................69.67 Total Expense Ratio...........................33.65 Combined Loss & Exp. Ratio...........103.32 Return on Equity..................................5.26
2009 –$143,857,000 2006 +$6,349,000
2008 –$210,431,000
LE GROUPE ESTRIE-RICHELIEU COMPAGNIE D’ASSURANCE
D-C
Michel Prevost, Président 770 Rue Principale Granby QC J2G 2Y7 450-378-0101 Fax:450-378-5189 www.ger.qc.ca info@ger.qc.ca 9,703,000 9,446,000 5,063,000 Prop. - Personal................. Prop. - Commercial............ 20,886,000 19,665,000 14,481,000 Prop - Total ....................... 30,589,000 29,111,000 19,544,000 Auto. - Liability................... 270,000 271,000 73,000 Auto. - Pers. Acc................ 13,000 14,000 Auto. - Other....................... 505,000 510,000 269,000 Auto - Total ....................... 788,000 795,000 342,000 Boiler & Machinery............. 221,000 224,000 48,000 Liability............................... 4,249,000 4,234,000 2,750,000 ——————— ——————— ——————— Total 2010........................... 35,847,000 34,364,000 22,684,000 Total 2009........................... 32,231,000 31,610,000 22,851,000 Total 2008........................... 31,263,000 30,733,000 20,332,000 Total 2007........................... 30,840,000 30,294,000 20,909,000 Total 2006........................... 29,820,000 28,577,000 18,165,000
2010 Direct Premiums Written: +41,018,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 5,815,000 Reinsurance Ceded...................... 10,986,000 Net Premiums Written.................. 35,847,000 Net Premiums Earned.................. 34,364,000 Net Claims & Adj Exp................... 22,684,000 Commissions.................................. 8,028,000 Taxes............................................................ 0 General Expenses.......................... 3,935,000 Undwrwtg. Profit/Loss.................... –283,000 Investment Income......................... 3,320,000
Underwriting Result 2010 –$283,000 2007 –$940,000
2009 2006
53.60 73.64 67.14 26.94 52.75 43.02 21.43 64.95 ————— 66.01 72.29 66.16 69.02 63.57
Growth: 3.43% %
Growth Rate (NPW)............................11.22 % of Market (NPW)..............................0.09 Earned Loss Ratio..............................66.01 Total Expense Ratio...........................34.81 Combined Loss & Exp. Ratio...........100.82 Return on Equity..................................4.50
–$2,287,000 +$12,000
2008
–$416,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:54 AM
We’re there when you need us most. For your customers, having insurance means knowing that when things go wrong, they can make a call and get the help they need.
That’s why we’re here. At Economical, excellence in claims service isn’t just a bullet point on a strategy document. It’s our core commitment to the marketplace and to the people we protect. We strive to lead the market in claims performance because that’s what our broker partners expect, and because someone, somewhere, is going to need us today.
www.economicalinsurance.com
p 070-115 2011 CUW Experience.indd 83
17/05/11 8:54 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
Net Claims and Adjusting Expenses $
EULER HERMES AMERICAN CREDIT FACTORY MUTUAL INDEMNITY COMPANY D-US INSURANCE COMPANY Yves Gervais, Chef-agent CIBC Tower 1155 Rene-Levesque Blvd., Suite 1702 Montreal QC H3B 3Z7 514-876-9656 Fax:514-876-9658 www.eulerhermes.ca yves.gervais@eulerhermes.com
2010 Direct Premiums Written: +32,184,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded...................... 21,056,000 Net Premiums Written.................. 11,128,000 Net Premiums Earned.................. 12,505,000 Net Claims & Adj Exp...................... –248,000 Commissions................................ –1,465,000 Taxes.............................................. 1,156,000 General Expenses.......................... 8,181,000 Undwrwtg. Profit/Loss................... 6,328,000 Investment Income......................... 1,952,000
2009 2006
–1.98 ————— –1.98 42.39 112.56 61.16 55.41
Growth: –8.00% %
Growth Rate (NPW).......................... –33.62 % of Market (NPW)..............................0.03 Earned Loss Ratio.............................. –1.98 Total Expense Ratio...........................62.95 Combined Loss & Exp. Ratio.............60.97 Return on Equity................................11.99
+$5,260,000 +$6,833,000
2008
–$8,085,000
191,366,000 130,909,000 Prop. - Commercial............ 199,934,000 Prop - Total ....................... 199,934,000 191,366,000 130,909,000 Boiler & Machinery............. 49,852,000 51,297,000 15,912,000 ——————— ——————— ——————— 242,663,000 146,821,000 Total 2010........................... 249,786,000 Total 2009........................... 218,564,000 215,209,000 12,743,000 Total 2008........................... 200,944,000 202,709,000 240,809,000 Total 2007........................... 202,867,000 213,626,000 82,383,000 Total 2006........................... 243,527,000 238,872,000 88,387,000
2010 Direct Premiums Written: +245,056,000 2010 Underwriting Performance Summary Reinsurance Assumed................. 10,467,000 Reinsurance Ceded...................... 72,820,000 Net Premiums Written................ 249,786,000 Net Premiums Earned................ 242,663,000 Net Claims & Adj Exp................. 146,821,000 Commissions................................ –8,238,000 Taxes............................................ 12,645,000 General Expenses........................ 45,900,000 Undwrwtg. Profit/Loss................. 45,535,000 Investment Income....................... 25,566,000
Underwriting Result 2010 +$45,535,000 2007 +$92,680,000
EVEREST INSURANCE COMPANY OF CANADA/LA COMPAGNIE D’ASSURANCE FCT EVEREST DU CANADA B-C 2235 Sheridan Garden Dr.
——————— ——————— ——————— 0 0 0 Total 2010........................... Total 2009........................... 0 0 48,000 Total 2008........................... 0 0 4,000 Total 2007........................... 0 0 –131,000 Total 2006........................... 0 0 –98,000
2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded........................................ Net Premiums Written.................................. 0 Net Premiums Earned.................................. 0 Net Claims & Adj Exp................................... 0 Commissions................................................ 0 Taxes............................................................ 0 General Expenses............................. 115,000 Undwrwtg. Profit/Loss.................... –115,000 Investment Income................................ 8,000
2009 2006
84
p 070-115 2011 CUW Experience.indd 84
—————
%
Growth Rate (NPW)..............................0.00 % of Market (NPW)..............................0.00 Earned Loss Ratio................................0.00 Total Expense Ratio.............................0.00 Combined Loss & Exp. Ratio...............0.00 Return on Equity................................ –2.81
–$171,000 –$96,000
68.41 68.41 31.02 ————— 60.50 5.92 118.80 38.56 37.00
Growth: –12.51% %
Growth Rate (NPW)............................14.29 % of Market (NPW)..............................0.64 Earned Loss Ratio..............................60.50 Total Expense Ratio...........................20.73 Combined Loss & Exp. Ratio.............81.23 Return on Equity................................12.61
2009 +$157,957,000 2006 +$110,948,000
2008
–$79,777,000
B-C
Oakville ON L6J 7Y5 905-287-1000 Fax:905-287-2400 www.firstcanadiantitle.com
William G. Jonas, President & Chief Executive Officer The Exchange Tower, P.O. Box 431 130 King St. W., Suite 2520 Toronto ON M5X 1E3 416-862-1228 Fax:416-366-5899 www.everestre.com pamela.jornacion@everestre.com
Underwriting Result 2010 –$115,000 2007 +$11,000
D-US
Kenneth V Lavigne, Chief Agent 165 Commerce Valley Dr. W., Suite 500 Thornhill ON L3T 7V8 905-763-5555 Fax:905-763-5556 fmglobal.com
11,128,000 12,505,000 –248,000 Credit.................................. ——————— ——————— ——————— 11,128,000 12,505,000 –248,000 Total 2010........................... Total 2009........................... 16,765,000 19,492,000 8,263,000 Total 2008........................... 21,520,000 20,586,000 23,172,000 Total 2007........................... 21,755,000 22,425,000 13,715,000 Total 2006........................... 25,380,000 23,983,000 13,290,000
Underwriting Result 2010 +$6,328,000 2007 +$3,603,000
Earned Loss Ratio %
2008
–$135,000
7,097,000 7,097,000 7,351,000 Mortgage............................ Title..................................... 125,637,000 125,637,000 25,887,000 ——————— ——————— ——————— 132,734,000 33,238,000 Total 2010........................... 132,734,000 Total 2009........................... 114,833,000 114,833,000 25,961,000 Total 2008........................... 126,367,000 126,367,000 38,274,000 Total 2007........................... 148,035,000 148,035,000 38,052,000 Total 2006........................... 123,029,000 123,029,000 35,178,000
2010 Direct Premiums Written: +132,734,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 3,687,000 Reinsurance Ceded........................ 3,687,000 Net Premiums Written................ 132,734,000 Net Premiums Earned................ 132,734,000 Net Claims & Adj Exp................... 33,238,000 Commissions..................................... 183,000 Taxes.............................................. 4,337,000 General Expenses........................ 70,568,000 Undwrwtg. Profit/Loss................. 24,408,000 Investment Income......................... 4,879,000
Underwriting Result 2010 +$24,408,000 2007 +$32,888,000
2009 2006
103.58 20.60 ————— 25.04 22.61 30.29 25.70 28.59
Growth: 15.59% %
Growth Rate (NPW)............................15.59 % of Market (NPW)..............................0.34 Earned Loss Ratio..............................25.04 Total Expense Ratio...........................56.57 Combined Loss & Exp. Ratio.............81.61 Return on Equity................................21.62
+$22,336,000 +$18,511,000
2008
+$15,611,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
31/05/11 10:33 AM
DESCRIPTION: Even In The Face... Delivery Support: 212.237.7000
FILE: 10A-002276-02A-BRD-11-7-March.indd
TRIM: 7 in x 10 in SAP #: FMG.FMGBRD.11007.K.011
BLEED: None
EvEn in thE facE of advErsity, our approach EnsurEs your global supply chain rEmains in thE
If your property insurance company doesn’t fully understand your supply chain, how can they thoroughly cover your risk? An unrecognized threat to a supplier can bring business to a screeching halt. Yet, for many companies, supply chain issues continue to be a blind spot.
© 2011 FM Global. All Rights Reserved.
At FM Global, we believe that the majority of loss is preventable. That’s why we link our underwriting to loss prevention engineering. We work hard to find the blind spots in your blind spots—even in your supply chain. It’s just one of the reasons our clients’ losses tend to be smaller and less frequent. Underwriting through loss prevention engineering. That’s insurance evolved.
p 070-115 2011 CUW Experience.indd 85
To learn more, visit fmglobal.com/insuranceevolved/clear
17/05/11 8:55 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
FUNDY MUTUAL INSURANCE COMPANY
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
D-C
Jim Wilson, President 1022 Main St Sussex NB E2E 2M3 506-432-1535 Fax:506-433-6788 www.fundymutual.com
Earned Loss Ratio %
GORE MUTUAL INSURANCE COMPANY
B-C
Kevin W. McNeil, President & Chief Executive Officer 252 Dundas St. N., P.O. Box 70 Cambridge ON N1R 5T3 519-623-1910 Fax:800-601-9773 www.goremutual.ca
2,111,000 2,055,000 631,000 Prop. - Personal................. Prop - Total ....................... 2,111,000 2,055,000 631,000 Liability............................... 56,000 53,000 30,000 ——————— ——————— ——————— 2,167,000 2,108,000 661,000 Total 2010...........................
2010 Direct Premiums Written: +3,115,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................... 948,000 Net Premiums Written.................... 2,167,000 Net Premiums Earned.................... 2,108,000 Net Claims & Adj Exp........................ 661,000 Commissions..................................... 618,000 Taxes................................................. 113,000 General Expenses.......................... 1,084,000 Undwrwtg. Profit/Loss.................... –355,000 Investment Income............................ 147,000
30.71 30.71 56.60 ————— 31.36
Growth: 0.00% %
Growth Rate (NPW)..............................0.00 % of Market (NPW)..............................0.01 Earned Loss Ratio..............................31.36 Total Expense Ratio...........................86.10 Combined Loss & Exp. Ratio...........117.46 Return on Equity................................ –1.10
GCAN INSURANCE COMPANY
B-C
Dan Courtemanche, President & C.E.O. 181 University Ave. Suite 1000 Toronto ON M5H 3M7 416-682-5300 Fax:416-682-9213 www.gcan.ca
2010 Direct Premiums Written: +266,660,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 1,647,000 Reinsurance Ceded.................... 102,823,000 Net Premiums Written................ 171,001,000 Net Premiums Earned................ 166,654,000 Net Claims & Adj Exp................... 90,192,000 Commissions................................ 24,119,000 Taxes.............................................. 8,699,000 General Expenses.......................... 5,428,000 Undwrwtg. Profit/Loss................. 21,435,000 Investment Income....................... 27,305,000
75.90 75.90 99.34 89.63 –19.32 49.90 60.20 20.19 0.00 69.11 70.02 44.88 28.93 ————— 54.12 46.93 48.81 31.17 46.48
Growth: 8.27% %
Growth Rate (NPW)..............................5.91 % of Market (NPW)..............................0.44 Earned Loss Ratio..............................54.12 Total Expense Ratio...........................22.95 Combined Loss & Exp. Ratio.............77.07 Return on Equity................................13.01
+$28,421,000 +$13,124,000
2008
+$20,710,000
Developed by Baron Actuaries Powered By Compu-Quote
Baron Index
Use the score to assess your risk 86
p 070-115 2011 CUW Experience.indd 86
Reinsurance Assumed................................... Reinsurance Ceded...................... 22,939,000 Net Premiums Written................ 280,858,000 Net Premiums Earned................ 261,506,000 Net Claims & Adj Exp................. 178,601,000 Commissions................................ 51,468,000 Taxes.............................................. 9,473,000 General Expenses........................ 27,598,000 Undwrwtg. Profit/Loss................. –1,892,000 Investment Income....................... 14,818,000
Underwriting Result 2010 –$1,892,000 2007 +$6,954,000
46,446,000 47,282,000 35,887,000 Prop. - Commercial............ Prop - Total ....................... 46,446,000 47,282,000 35,887,000 Aircraft................................ 2,057,000 2,273,000 2,258,000 Auto. - Liability................... 4,797,000 3,885,000 3,482,000 Auto. - Pers. Acc................ 1,113,000 792,000 –153,000 Auto. - Other....................... 5,925,000 4,982,000 2,486,000 Auto - Total ....................... 11,835,000 9,659,000 5,815,000 Boiler & Machinery............. 12,586,000 11,902,000 2,403,000 Credit.................................. –1,000 Fidelity................................ 692,000 764,000 528,000 Hail..................................... 4,170,000 4,170,000 2,920,000 Liability............................... 90,942,000 88,824,000 39,867,000 Marine................................. 2,273,000 1,780,000 515,000 ——————— ——————— ——————— 166,654,000 90,192,000 Total 2010........................... 171,001,000 Total 2009........................... 161,459,000 152,755,000 71,689,000 Total 2008........................... 147,012,000 114,202,000 55,747,000 Total 2007........................... 77,474,000 73,781,000 23,000,000 Total 2006........................... 71,049,000 69,007,000 32,073,000
2009 2006
80,959,000 76,382,000 45,523,000 Prop. - Personal................. Prop. - Commercial............ 29,585,000 27,412,000 20,074,000 Prop - Total ....................... 110,544,000 103,794,000 65,597,000 Auto. - Liability................... 65,554,000 59,363,000 42,021,000 Auto. - Pers. Acc................ 48,669,000 44,649,000 35,408,000 Auto. - Other....................... 35,730,000 34,403,000 20,324,000 Auto - Total ....................... 149,953,000 138,415,000 97,753,000 Boiler & Machinery............. 5,000 Liability............................... 20,312,000 19,244,000 15,246,000 Accident & Sickness........... 49,000 53,000 ——————— ——————— ——————— 261,506,000 178,601,000 Total 2010........................... 280,858,000 Total 2009........................... 242,928,000 223,738,000 148,977,000 Total 2008........................... 208,477,000 193,764,000 131,239,000 Total 2007........................... 185,560,000 179,559,000 109,299,000 Total 2006........................... 174,238,000 165,679,000 103,963,000
2010 Direct Premiums Written: +303,797,000 2010 Underwriting Performance Summary
Underwriting Result 2010 –$355,000
Underwriting Result 2010 +$21,435,000 2007 +$27,722,000
Net Claims and Adjusting Expenses $
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2009 2006
59.60 73.23 63.20 70.79 79.30 59.08 70.62 0.00 79.22 ————— 68.30 66.59 67.73 60.87 62.75
Growth: 17.04% %
Growth Rate (NPW)............................15.61 % of Market (NPW)..............................0.72 Earned Loss Ratio..............................68.30 Total Expense Ratio...........................33.86 Combined Loss & Exp. Ratio...........102.16 Return on Equity..................................5.64
+$1,525,000 +$4,437,000
2008
–$2,461,000
GRAIN INSURANCE AND GUARANTEE COMPANY
B-C
R.N. Jackson, President & General Manager 1240 One Lombard Place Winnipeg MB R3B 0V9 204-943-0721 Fax:204-943-6419 www.graininsurance.com fewilliams@graininsurance.com
8,194,000 8,301,000 3,894,000 Prop. - Personal................. Prop. - Commercial............ 24,404,000 23,918,000 14,466,000 Prop - Total ....................... 32,598,000 32,219,000 18,360,000 Boiler & Machinery............. 183,000 175,000 1,000 Fidelity................................ 35,000 84,000 –22,000 Liability............................... 9,451,000 9,221,000 1,567,000 Surety................................. 160,000 160,000 26,000 ——————— ——————— ——————— 42,427,000 41,859,000 19,932,000 Total 2010........................... Total 2009........................... 41,504,000 40,082,000 15,557,000 Total 2008........................... 39,902,000 39,651,000 18,653,000 Total 2007........................... 37,795,000 36,917,000 16,400,000 Total 2006........................... 41,224,000 36,769,000 15,784,000
2010 Direct Premiums Written: +53,905,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded...................... 11,478,000 Net Premiums Written.................. 42,427,000 Net Premiums Earned.................. 41,859,000 Net Claims & Adj Exp................... 19,932,000 Commissions.................................. 9,338,000 Taxes.............................................. 2,125,000 General Expenses.......................... 7,325,000 Undwrwtg. Profit/Loss................... 3,139,000 Investment Income......................... 6,050,000
Underwriting Result 2010 +$3,139,000 2007 +$4,181,000
2009 2006
46.91 60.48 56.99 0.57 –26.19 16.99 16.25 ————— 47.62 38.81 47.04 44.42 42.93
Growth: 2.52% %
Growth Rate (NPW)..............................2.22 % of Market (NPW)..............................0.11 Earned Loss Ratio..............................47.62 Total Expense Ratio...........................44.88 Combined Loss & Exp. Ratio.............92.50 Return on Equity................................19.56
+$6,590,000 +$4,251,000
2008
+$4,072,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:55 AM
Work WitH people you trust. GrAiN iNsurANCe & GuArANtee We have been all about TRUST since 1920.
graininsurance.com
p 070-115 2011 CUW Experience.indd 87
Churches, Optometrists/Opticians, Amusement Industry, Concerts, Commercial, Retail, Small Business, Hairstylists, Funeral Directors, Special Events, Rodeos, Grain Handling Facilities, Custom Designed Programs.
Corporate Office 1240 One Lombard Place Winnipeg, MB R3B 0V9 Toll-Free: 1-800-665-3351
17/05/11 8:56 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
GREAT AMERICAN INSURANCE COMPANY
B-F
2100-40 King St W Toronto ON M5H 3C2 416-369-5300 Fax:416-360-8877 –7,242,000 20,949,000 23,393,000 Prop. - Commercial............ Prop - Total ....................... –7,242,000 20,949,000 23,393,000 Auto. - Other....................... –1,000 Auto - Total ....................... 0 0 –1,000 Fidelity................................ 1,293,000 1,315,000 –80,000 Liability............................... 22,289,000 19,882,000 8,047,000 Surety................................. 106,000 66,000 8,000 Marine................................. 3,627,000 3,627,000 2,638,000 ——————— ——————— ——————— 20,073,000 45,839,000 34,005,000 Total 2010........................... Total 2009........................... 33,610,000 47,098,000 25,608,000 Total 2008........................... 43,877,000 44,746,000 26,947,000
2010 Direct Premiums Written: +57,529,000 2010 Underwriting Performance Summary
Reinsurance Assumed...................... 363,000 Reinsurance Ceded...................... 37,819,000 Net Premiums Written.................. 20,073,000 Net Premiums Earned.................. 45,839,000 Net Claims & Adj Exp................... 34,005,000 Commissions.............................. –12,608,000 Taxes.............................................. 2,625,000 General Expenses.......................... 9,371,000 Undwrwtg. Profit/Loss................. 42,206,000 Investment Income......................... 7,014,000
Underwriting Result 2010 +$42,206,000
2009
111.67 111.67 0.00 –6.08 40.47 12.12 72.73 ————— 74.18 54.37 60.22
Growth: 10.48% %
Growth Rate (NPW).......................... –40.28 % of Market (NPW)..............................0.05 Earned Loss Ratio..............................74.18 Total Expense Ratio........................... –1.34 Combined Loss & Exp. Ratio.............72.84 Return on Equity................................20.83
–$17,166,000
2008
–$10,319,000
GREEN SHIELD CANADA 8677 Anchor Dr PO Box 1606 Windsor ON N9A 6W1 www.greenshield.ca 340,070,000 286,152,000 Accident & Sickness........... 340,070,000 ——————— ——————— ——————— 340,070,000 286,152,000 Total 2010........................... 340,070,000 Total 2009........................... 301,959,000 301,959,000 255,101,000 Total 2008........................... 297,414,000 297,414,000 242,038,000
2010 Direct Premiums Written: +341,383,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 1,313,000 Net Premiums Written................ 340,070,000 Net Premiums Earned................ 340,070,000 Net Claims & Adj Exp................. 286,152,000 Commissions................................ 13,089,000 Taxes.............................................. 5,776,000 General Expenses........................ 21,212,000 Undwrwtg. Profit/Loss................... 7,984,000 Investment Income......................... 8,454,000
Underwriting Result 2010 +$7,984,000
2009
84.15 ————— 84.15 84.48 81.38
Growth: 12.74% %
Growth Rate (NPW)............................12.62 % of Market (NPW)..............................0.87 Earned Loss Ratio..............................84.15 Total Expense Ratio...........................11.78 Combined Loss & Exp. Ratio.............95.93 Return on Equity..................................7.87
+$2,086,000
2008
+$13,377,000
THE GUARANTEE COMPANY OF NORTH AMERICA
B-C
Jules R Quenneville, Chief Executive Officer Robert A Dempsey, President & COO 4950 Yonge St., Suite 1400 Madison Centre North York ON M2N 6K1 416-223-9580 Fax:416-223-6577 www.gcna.com jquenneville@gcna.com
70,075,000 66,915,000 33,666,000 Prop. - Personal................. Prop. - Commercial............ 7,258,000 7,493,000 1,510,000 Prop - Total ....................... 77,333,000 74,408,000 35,176,000 Auto. - Liability................... 34,597,000 34,077,000 20,280,000 Auto. - Pers. Acc................ 27,132,000 25,821,000 24,772,000 Auto. - Other....................... 22,320,000 22,591,000 17,271,000 Auto - Total ....................... 84,049,000 82,489,000 62,323,000 Credit.................................. 836,000 1,022,000 264,000 Fidelity................................ 15,131,000 14,465,000 8,784,000 Liability............................... 33,617,000 35,465,000 50,158,000 Surety................................. 55,444,000 55,784,000 20,247,000 Accident & Sickness........... 231,000 249,000 ——————— ——————— ——————— 263,882,000 176,952,000 Total 2010........................... 266,641,000 Total 2009........................... 259,189,000 251,466,000 195,086,000 Total 2008........................... 250,350,000 246,625,000 147,033,000 Total 2007........................... 246,959,000 251,828,000 138,909,000 Total 2006........................... 260,375,000 264,457,000 146,785,000
2010 Direct Premiums Written: +323,704,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 2,974,000 Reinsurance Ceded...................... 60,037,000 Net Premiums Written................ 266,641,000 Net Premiums Earned................ 263,882,000 Net Claims & Adj Exp................. 176,952,000 Commissions................................ 55,450,000 Taxes.............................................. 8,297,000 General Expenses........................ 34,022,000 Undwrwtg. Profit/Loss............... –10,829,000 Investment Income....................... 28,340,000
Underwriting Result 2010 –$10,829,000 2007 +$27,831,000
2009 2006
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50.31 20.15 47.27 59.51 95.94 76.45 75.55 25.83 60.73 141.43 36.30 ————— 67.06 77.58 59.62 55.16 55.50
Growth: 5.49% %
Growth Rate (NPW)..............................2.88 % of Market (NPW)..............................0.68 Earned Loss Ratio..............................67.06 Total Expense Ratio...........................37.05 Combined Loss & Exp. Ratio...........104.11 Return on Equity..................................4.74
–$36,469,000 +$30,460,000
2008
+$8,831,000
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B-US
Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax:416-361-6113 –2,000 Liability............................... ——————— ——————— ——————— 0 0 –2,000 Total 2010........................... Total 2009........................... 0 0 0 Total 2008........................... 0 0 1,000 Total 2007........................... 0 0 0 Total 2006........................... 0 0 –4,000
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p 070-115 2011 CUW Experience.indd 88
Earned Loss Ratio %
HANOVER INSURANCE COMPANY
SEE each risk and validate prior to quoting
88
Net Claims and Adjusting Expenses $
2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................................ Net Premiums Written.................................. 0 Net Premiums Earned.................................. 0 Net Claims & Adj Exp.......................... –2,000 Commissions................................................ 0 Taxes............................................................ 0 General Expenses............................... 95,000 Undwrwtg. Profit/Loss...................... –93,000 Investment Income.............................. 15,000
Underwriting Result 2010 –$93,000 2007 –$84,000
2009 2006
0.00 —————
%
Growth Rate (NPW)..............................0.00 % of Market (NPW)..............................0.00 Earned Loss Ratio................................0.00 Total Expense Ratio.............................0.00 Combined Loss & Exp. Ratio...............0.00 Return on Equity..................................2.59
–$91,000 –$88,000
2008
–$91,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:56 AM
1THE GUARANTEE FINAL!!
5/13/10
12:41 PM
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CANADA’S LEADING SPECIALTY INSURER
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Contract Surety
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Credit Insurance At The Guarantee Company of North America, we take pride in providing specialized quality products via the independent broker network with a “Guarantee” of excellence.
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25/05/11 11:49 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
HARTFORD FIRE INSURANCE COMPANY
B-US
Prop. - Personal................. 35,000 Prop. - Commercial............ 7,628,000 7,691,000 2,671,000 Prop - Total ....................... 7,628,000 7,691,000 2,706,000 Aircraft................................ 63,000 Auto. - Liability................... 517,000 533,000 3,237,000 Auto. - Pers. Acc................ 12,000 12,000 –10,000 Auto. - Other....................... 234,000 231,000 377,000 Auto - Total ....................... 763,000 776,000 3,604,000 Boiler & Machinery............. 3,000 3,000 Fidelity................................ 20,000 18,000 5,000 Liability............................... 4,421,000 4,297,000 –1,213,000 Surety................................. 97,000 86,000 –8,000 Marine................................. 6,000 6,000 3,000 ——————— ——————— ——————— Total 2010........................... 12,935,000 12,877,000 5,163,000 Total 2009........................... 13,644,000 14,405,000 7,861,000 Total 2008........................... 16,526,000 16,351,000 17,718,000 Total 2007........................... 17,707,000 18,435,000 7,200,000 Total 2006........................... 20,979,000 19,640,000 8,300,000
2010 Direct Premiums Written: +15,795,000 2010 Underwriting Performance Summary Reinsurance Assumed...................... –76,000 Reinsurance Ceded........................ 2,784,000 Net Premiums Written.................. 12,935,000 Net Premiums Earned.................. 12,877,000 Net Claims & Adj Exp..................... 5,163,000 Commissions..................................... 225,000 Taxes................................................. 588,000 General Expenses.......................... 2,266,000 Undwrwtg. Profit/Loss................... 4,635,000 Investment Income......................... 9,738,000
2009 2006
0.00 34.73 35.18 0.00 607.32 –83.33 163.20 464.43 100.00 27.78 –28.23 –9.30 50.00 ————— 40.09 54.57 108.36 39.06 42.26
Growth: 0.83% %
Growth Rate (NPW)............................ –5.20 % of Market (NPW)..............................0.03 Earned Loss Ratio..............................40.09 Total Expense Ratio...........................23.91 Combined Loss & Exp. Ratio.............64.00 Return on Equity..................................6.70
+$2,978,000 +$8,104,000
2008
–$5,160,000
ICAROM PLC
B-US
Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax:416-361-6113 Liability............................... 26,000 ——————— ——————— ——————— Total 2010........................... 0 0 26,000 Total 2009........................... 0 0 12,000 Total 2008........................... 0 0 33,000 Total 2007........................... 0 0 0 Total 2006........................... 0 0 414,000
2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded........................................ Net Premiums Written.................................. 0 Net Premiums Earned.................................. 0 Net Claims & Adj Exp.......................... 26,000 Commissions................................................ 0 Taxes............................................................ 0 General Expenses............................... 91,000 Undwrwtg. Profit/Loss.................... –117,000 Investment Income.............................. 15,000
Underwriting Result 2010 –$117,000 2007 –$88,000
2009 2006
90
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Earned Loss Ratio %
INDUSTRIELLE ALLIANCE COMPAGNIE D’ASSURANCES GENERALES D-C Michel Laurin, President et chef de l’exploitation 925 Chemin St.-Louis, Suite 230 Quebec QC G1S 1C1 418-650-4601 Fax:418-650-4636 www.inalco.com serviceclient@iaah.ca
Illona V. Kirsh, Chief Agent In Canada 121 King St. West, Suite 1810 PO Box 112 Toronto ON M5H 3T9
Underwriting Result 2010 +$4,635,000 2007 +$8,236,000
Net Claims and Adjusting Expenses $
0.00 —————
%
Growth Rate (NPW)..............................0.00 % of Market (NPW)..............................0.00 Earned Loss Ratio................................0.00 Total Expense Ratio.............................0.00 Combined Loss & Exp. Ratio...............0.00 Return on Equity..................................3.95
–$103,000 –$504,000
2008
–$122,000
54,065,000 50,129,000 32,409,000 Prop. - Personal................. Prop - Total ....................... 54,065,000 50,129,000 32,409,000 Auto. - Liability................... 38,804,000 36,504,000 18,585,000 Auto. - Pers. Acc................ 1,314,000 1,248,000 186,000 Auto. - Other....................... 57,214,000 49,443,000 37,371,000 Auto - Total ....................... 97,332,000 87,195,000 56,142,000 Liability............................... 64,000 838,000 445,000 ——————— ——————— ——————— 138,162,000 88,996,000 Total 2010........................... 151,461,000 Total 2009........................... 128,683,000 122,513,000 83,228,000 Total 2008........................... 116,894,000 113,933,000 83,243,000 Total 2007........................... 110,094,000 106,641,000 71,780,000 Total 2006........................... 102,962,000 98,583,000 71,194,000
2010 Direct Premiums Written: +155,030,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 3,569,000 Net Premiums Written................ 151,461,000 Net Premiums Earned................ 138,162,000 Net Claims & Adj Exp................... 88,996,000 Commissions.................................. 4,460,000 Taxes.............................................. 5,168,000 General Expenses........................ 27,457,000 Undwrwtg. Profit/Loss................. 12,081,000 Investment Income......................... 3,064,000
Underwriting Result 2010 +$12,081,000 2007 +$6,076,000
2009 2006
64.65 64.65 50.91 14.90 75.58 64.39 53.10 ————— 64.41 67.93 73.06 67.31 72.22
Growth: 14.40% %
Growth Rate (NPW)............................17.70 % of Market (NPW)..............................0.39 Earned Loss Ratio..............................64.41 Total Expense Ratio...........................26.84 Combined Loss & Exp. Ratio.............91.25 Return on Equity................................35.55
+$8,489,000 +$1,627,000
2008
+$1,447,000
INTACT FINANCIAL CORPORATION
B-F
INTACT INSURANCE NOVEX NORDIC BELAIRdirect TRAFALGAR Charles Brindamour, President & C.E.O. 700 University Ave., 15th Floor Toronto ON M5G 0A1 416-341-1464 Fax:416-941-5320 www.intactfc.com Prop. - Personal................. Prop. - Commercial............ Prop - Total ....................... Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Boiler & Machinery............. Fidelity................................ Legal Expense.................... Liability............................... Surety................................. Marine................................. Accident & Sickness........... Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
1,024,432,000 976,730,000 603,839,000 467,660,000 452,656,000 256,485,000 1,492,092,000 1,429,386,000 860,324,000 1,199,144,000 1,161,714,000 701,779,000 491,783,000 470,281,000 558,761,000 847,813,000 851,564,000 522,752,000 2,538,740,000 2,483,559,000 1,783,292,000 –6,000 77,000 893,000 8,000 8,000 3,408,000 3,751,000 3,817,000 297,014,000 289,298,000 147,513,000 18,711,000 18,393,000 1,341,000 1,165,000 1,069,000 611,000 1,205,000 5,785,000 4,223,000 ——————— ——————— ——————— 4,352,337,000 4,231,326,000 2,802,014,000 4,151,289,000 4,055,375,000 2,877,237,000 4,072,139,000 4,039,436,000 2,806,289,000 4,002,449,000 3,932,015,000 2,584,248,000 3,895,493,000 3,826,614,000 2,261,169,000
2010 Direct Premiums Written: +4,474,719,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded.................... 122,382,000 Net Premiums Written............. 4,352,337,000 Net Premiums Earned............. 4,231,326,000 Net Claims & Adj Exp.............. 2,802,014,000 Commissions.............................. 709,172,000 Taxes.......................................... 146,431,000 General Expenses...................... 416,312,000 Undwrwtg. Profit/Loss............... 157,397,000 Investment Income..................... 344,600,000
Underwriting Result 2010 +$157,397,000 2007 +$208,854,000
61.82 56.66 60.19 60.41 118.81 61.39 71.80 1,159.74 101.76 50.99 7.29 57.16 73.00 ————— 66.22 70.95 69.47 65.72 59.09
Growth: 5.00% %
Growth Rate (NPW)..............................4.84 % of Market (NPW)............................11.10 Earned Loss Ratio..............................66.22 Total Expense Ratio...........................30.06 Combined Loss & Exp. Ratio.............96.28 Return on Equity................................14.35
2009 +$12,350,000 2006 +$403,834,000
2008
+$66,974,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:56 AM
The right business insurance
is an asset.
The right Broker; a huge asset. When a company starts thinking of its business insurance as an asset, someone is listening to the right insurance broker. Because it’s time businesses demanded more from the insurance they choose. We think insurance should protect the strengths of a business, not just its physical assets. How do we protect these strengths? By using our strengths. By helping you help your customer avoid the pitfalls of being under-insured. By truly serving the customer, not just being their insurer. And just as importantly, by supporting a business customer’s most valuable partner, you, their insurance broker. When we do this, we help protect a company’s good name. Which as we all know, is its greatest asset.
HOME • AUTO • BUSINESS Certain conditions, restrictions and exclusions apply to all offers. Products are not available in Saskatchewan ™Intact Insurance Large Wavy Lines Design is trademark of Intact Financial Corporation used under license. ©2011 Intact Insurance Company. All rights reserved.
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LIU_.FINAL
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
JEVCO INSURANCE COMPANY
B-C
5250 Boul Decarie, Suite 100 Montreal QC H3X 2H9 514-284-9350 Fax:514-289-9257 www.jevco.ca
2010 Direct Premiums Written: +334,664,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded...................... 22,740,000 Net Premiums Written................ 311,924,000 Net Premiums Earned................ 306,919,000 Net Claims & Adj Exp................. 213,439,000 FCommissions.............................. 49,104,000 Taxes............................................ 11,203,000 General Expenses........................ 28,127,000 Undwrwtg. Profit/Loss................... 5,046,000 Investment Income....................... 37,322,000
2009 2006
51.29 26.92 29.03 48.01 131.57 45.23 76.70 –23.27 43.71 ————— 69.54 81.96 70.56 56.86 60.29
Growth: 80.92% %
Growth Rate (NPW)............................81.60 % of Market (NPW)..............................0.80 Earned Loss Ratio..............................69.54 Total Expense Ratio...........................28.81 Combined Loss & Exp. Ratio.............98.35 Return on Equity..................................8.90
LEGACY GENERAL INSURANCE COMPANY
D-C
–$37,865,000 +$13,310,000
2008
–$5,161,000
www.compu-quote.com
THE KINGS MUTUAL INSURANCE COMPANY
B-C
Daniel R. Lister, CA, President & Chief Executive Officer P.O. Box 10 Berwick NS B0P 1E0 902-538-3187 Fax:902-538-7271 www.kingsmutual.ns.ca dlister@kingsmutual.ns.ca 5,123,000 5,064,000 3,242,000 Prop. - Personal................. Prop. - Commercial............ 142,000 141,000 91,000 Prop - Total ....................... 5,265,000 5,205,000 3,333,000 Liability............................... 822,000 686,000 310,000 ——————— ——————— ——————— 6,087,000 5,891,000 3,643,000 Total 2010........................... Total 2009........................... 5,897,000 5,799,000 2,405,000 Total 2008........................... 5,523,000 5,405,000 3,448,000 Total 2007........................... 5,289,000 5,161,000 2,614,000 Total 2006........................... 5,062,000 4,947,000 1,841,000
2010 Direct Premiums Written: +6,875,000 2010 Underwriting Performance Summary
Reinsurance Assumed........................ 29,000 Reinsurance Ceded........................... 817,000 Net Premiums Written.................... 6,087,000 Net Premiums Earned.................... 5,891,000 Net Claims & Adj Exp..................... 3,643,000 Commissions.................................. 1,209,000 Taxes................................................. 214,000 General Expenses.......................... 2,265,000 Undwrwtg. Profit/Loss................. –1,410,000 Investment Income......................... 1,295,000
2009 2006
92
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Prop. - Personal................. 510,000 510,000 21,000 Prop - Total ....................... 510,000 510,000 21,000 Credit Protection................ 12,726,000 12,726,000 663,000 Accident & Sickness........... 16,052,000 11,956,000 3,157,000 ——————— ——————— ——————— Total 2010........................... 29,288,000 25,192,000 3,841,000 Total 2009........................... 33,769,000 31,357,000 5,179,000 Total 2008........................... 35,527,000 37,485,000 4,160,000 Total 2007........................... 37,380,000 37,574,000 5,947,000 Total 2006........................... 34,262,000 34,511,000 1,541,000
2010 Direct Premiums Written: +38,271,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 5,630,000 Reinsurance Ceded...................... 14,635,000 Net Premiums Written.................. 29,288,000 Net Premiums Earned.................. 25,192,000 Net Claims & Adj Exp..................... 3,841,000 Commissions.................................. 3,754,000 Taxes................................................. 799,000 General Expenses........................ 14,076,000 Undwrwtg. Profit/Loss................... 1,804,000 Investment Income............................ 824,000
Underwriting Result 2010 +$1,804,000 2007 +$9,553,000
2009 2006
4.12 4.12 5.21 26.41 ————— 15.25 16.52 11.10 15.83 4.47
Growth: –14.87% %
Growth Rate (NPW).......................... –13.27 % of Market (NPW)..............................0.07 Earned Loss Ratio..............................15.25 Total Expense Ratio...........................73.95 Combined Loss & Exp. Ratio.............89.20 Return on Equity..................................8.82
+$3,928,000 +$10,344,000
2008
+$10,347,000
Developed by Baron Actuaries Powered By Compu-Quote
Ingenuity. Get in the fast lane
Underwriting Result 2010 –$1,410,000 2007 –$1,854,000
Earned Loss Ratio %
Isaac Sananes, B.A., A.L.H.C., President & C.E.O. 80 Tiverton Court, 5th Floor Markham ON L3R 0G4 905-948-2103 Fax:905-479-3224
1,540,000 1,706,000 875,000 Prop. - Personal................. Prop. - Commercial............ 17,149,000 17,964,000 4,836,000 Prop - Total ....................... 18,689,000 19,670,000 5,711,000 Auto. - Liability................... 95,867,000 93,303,000 44,796,000 Auto. - Pers. Acc................ 96,259,000 92,031,000 121,088,000 Auto. - Other....................... 73,907,000 75,407,000 34,103,000 Auto - Total ....................... 266,033,000 260,741,000 199,987,000 Liability............................... 5,866,000 5,741,000 –1,336,000 Surety................................. 21,336,000 20,767,000 9,077,000 ——————— ——————— ——————— 306,919,000 213,439,000 Total 2010........................... 311,924,000 Total 2009........................... 171,767,000 213,946,000 175,340,000 Total 2008........................... 203,979,000 203,920,000 143,886,000 Total 2007........................... 205,771,000 196,155,000 111,541,000 Total 2006........................... 205,892,000 202,747,000 122,228,000
Underwriting Result 2010 +$5,046,000 2007 +$15,789,000
Net Claims and Adjusting Expenses $
64.02 64.54 64.03 45.19 ————— 61.84 41.47 63.79 50.65 37.21
Growth: 5.87% %
Growth Rate (NPW)..............................3.22 % of Market (NPW)..............................0.02 Earned Loss Ratio..............................61.84 Total Expense Ratio...........................62.60 Combined Loss & Exp. Ratio...........124.44 Return on Equity................................ –0.07
–$614,000 –$1,209,000
2008
–$1,822,000
Baron Index
Use the score to assess your risk
www.compu-quote.com
LIBERTY MUTUAL INSURANCE COMPANY
D-US
Michael Molony, Chief Agent 181 Bay St., Suite 1000 Brookfield Place Toronto ON M5J 2T3 416-365-7587 Fax:416-307-4372 www.libertymutual.com Prop. - Commercial............ 21,404,000 20,938,000 4,181,000 Prop - Total ....................... 21,404,000 20,938,000 4,181,000 Aircraft................................ 2,841,000 3,106,000 1,064,000 Auto. - Liability................... 19,612,000 18,429,000 14,406,000 Auto. - Pers. Acc................ 2,848,000 2,504,000 3,939,000 Auto. - Other....................... 7,041,000 6,392,000 3,587,000 Auto - Total ....................... 29,501,000 27,325,000 21,932,000 Fidelity................................ 3,242,000 4,573,000 2,748,000 Liability............................... 56,789,000 57,462,000 27,584,000 Surety................................. 860,000 235,000 61,000 Marine................................. 2,938,000 3,355,000 1,197,000 ——————— ——————— ——————— Total 2010........................... 117,575,000 116,994,000 58,767,000 Total 2009........................... 109,236,000 111,662,000 43,049,000 Total 2008........................... 104,138,000 86,010,000 54,869,000 Total 2007........................... 87,357,000 84,074,000 61,805,000 Total 2006........................... 71,812,000 79,707,000 60,129,000
2010 Direct Premiums Written: +189,475,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 7,046,000 Reinsurance Ceded.................... 104,952,000 Net Premiums Written................ 117,575,000 Net Premiums Earned................ 116,994,000 Net Claims & Adj Exp................... 58,767,000 Commissions................................ –2,294,000 Taxes.............................................. 6,789,000 General Expenses........................ 25,257,000 Undwrwtg. Profit/Loss................. 28,475,000 Investment Income....................... 28,488,000
Underwriting Result 2010 +$28,475,000 2007 –$2,541,000
2009 2006
19.97 19.97 34.26 78.17 157.31 56.12 80.26 60.09 48.00 25.96 35.68 ————— 50.23 38.55 63.79 73.51 75.44
Growth: 12.79% %
Growth Rate (NPW)..............................7.63 % of Market (NPW)..............................0.30 Earned Loss Ratio..............................50.23 Total Expense Ratio...........................25.43 Combined Loss & Exp. Ratio.............75.66 Return on Equity..................................9.36
+$32,216,000 +$4,701,000
2008
+$3,198,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:58 AM
LIU_.FINAL.April26.11:R2.LIU 28/04/11 1:46 PM Page 1
Likes to apply a heavy dose of common sense to every account. – Rebecca O’Connor, AVP, Umbrella and Excess, Toronto office, LIU Canada
Yes, there’s a Casualty insurer as responsible as you are. Umbrella and Excess liability requires an insurer that’s comfortable in the major leagues. With $50 million in capacity and an appetite for tough classes, Liberty International Underwriters (LIU) has proven itself. LIU has assembled a national team of professionals – from seasoned underwriters, to loss control experts, to claims handlers who understand the challenge of complex exposures and the businesses that rely on our expertise. Liberty serves the worldwide insurance needs of Canadian companies in the manufacturing, oil and gas, financial services, commercial construction, and retail industries. Learn more about our Umbrella and Excess Liability by contacting Rebecca O’Connor at (416) 307-4359 or visit www.liucanada.com
Responsibility. What’s your policy?™
SPECIALT Y C A SUALT Y • PROPERT Y • RISK SERVICES • ENERGY • ALTERNATIVE RISK MANAGEMENT • SURET Y • MARINE • EIL
™Liberty International Underwriters, a division of Liberty Mutual Insurance Company
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Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
LLOYD’S UNDERWRITERS
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
B-UK
Lloyd’s Underwriters is not a company. The Canadian Business of Members of the Society of Lloyd’s is federally regulated and they are licensed to transact most classes of property and casualty insurance in all provinces and territories. The data is derived from the P&C 2 return filed with OSFI. It is prepared on the basis of accounting principles specified by the Superintendent of Financial Institutions not Canadian GAAP. For this reason, the data in respect of Lloyd’s is not directly comparable with the data of other insurers. Sean Murphy, Attorney In Fact In Canada Deborah Moor, President Lloyd’s Canada 1155 Rue Metcalfe, Suite 2220 Montreal QC H3B 2V6 514-861-8361 Fax:514-861-0470 www.lloyds.com info@lloyds.ca Prop. - Personal................. Prop. - Commercial............ Prop - Total ....................... Aircraft................................ Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Boiler & Machinery............. Credit.................................. Fidelity................................ Legal Expense.................... Liability............................... Surety................................. Marine................................. Accident & Sickness........... Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
104,693,000 104,693,000 52,030,000 772,938,000 772,938,000 364,810,000 877,631,000 877,631,000 416,840,000 112,510,000 112,510,000 62,727,000 3,804,000 3,804,000 –29,439,000 86,000 86,000 8,066,000 17,077,000 17,077,000 28,575,000 20,967,000 20,967,000 7,202,000 19,351,000 19,351,000 23,194,000 5,102,000 5,102,000 4,148,000 17,775,000 17,775,000 12,467,000 1,048,000 1,048,000 715,000 757,106,000 757,106,000 547,649,000 1,319,000 1,319,000 962,000 81,290,000 81,290,000 44,352,000 65,682,000 65,682,000 28,064,000 ——————— ——————— ——————— 1,959,781,000 1,959,781,000 1,148,320,000 1,729,476,000 1,729,476,000 820,366,000 1,630,629,000 1,630,629,000 824,946,000 1,484,736,000 1,484,736,000 567,083,000 1,431,632,000 1,431,632,000 155,565,000
2010 Direct Premiums Written: +1,625,295,000 2010 Underwriting Performance Summary Reinsurance Assumed............... 298,732,000 Reinsurance Ceded........................................ Net Premiums Written............. 1,959,781,000 Net Premiums Earned............. 1,959,781,000 Net Claims & Adj Exp.............. 1,148,320,000 Commissions.............................. 461,985,000 Taxes............................................ 52,718,000 General Expenses.......................... 7,614,000 Undwrwtg. Profit/Loss............... 289,144,000 Investment Income....................... 62,932,000
Underwriting Result 2010 +$289,144,000 2007 +$569,401,000
49.70 47.20 47.50 55.75 –773.90 9,379.07 167.33 34.35 119.86 81.30 70.14 68.23 72.33 72.93 54.56 42.73 ————— 58.59 47.43 50.59 38.19 10.87
Growth: 8.55% %
Growth Rate (NPW)............................13.32 % of Market (NPW)..............................5.00 Earned Loss Ratio..............................58.59 Total Expense Ratio...........................26.65 Combined Loss & Exp. Ratio.............85.24 Return on Equity................................23.24
2008 +$369,804,000
LUMBERMENS MUTUAL CASUALTY COMPANY
B-US
Philip H. Cook, Chief Agent 36 King St. E., Suite 500 Toronto ON M5C 1E5 416-361-1728 Fax:416-361-6113 5,000 0.00 Prop. - Commercial............ Prop - Total ....................... 0 0 5,000 Auto. - Liability................... –8,000 0.00 Auto - Total ....................... 0 0 –8,000 Liability............................... –1,250,000 –1,250,000 129,000 –10.32 ——————— ——————— ——————— ————— –1,250,000 –1,250,000 126,000 –10.08 Total 2010........................... Total 2009........................... 1,000 1,000 –650,000 –65,000.00 Total 2008........................... –23,000 –23,000 –609,000 2,647.83 Total 2007........................... –145,000 –145,000 201,000 –138.62 Total 2006........................... –133,000 26,000 6,159,000 23,688.46
2010 Underwriting Performance Summary
Underwriting Result 2010 –$1,529,000 2007 –$608,000
2009 2006
94
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Earned Loss Ratio %
LUMBERMEN’S UNDERWRITING ALLIANCE
D-US
300, 455 Fenelon Dorval QC H9S 5T8 514-531-2710 Fax:514-631-9788 www.lumbermensunderwriting.com cro@ins-lua.com
27,570,000 28,145,000 20,964,000 Prop. - Commercial............ Prop - Total ....................... 27,570,000 28,145,000 20,964,000 ——————— ——————— ——————— 27,570,000 28,145,000 20,964,000 Total 2010........................... Total 2009........................... 22,735,000 24,099,000 29,541,000 Total 2008........................... 34,232,000 30,397,000 15,902,000 Total 2007........................... 43,235,000 35,883,000 29,628,000 Total 2006........................... 34,123,000 42,335,000 28,417,000
2010 Direct Premiums Written: +45,119,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 1,193,000 Reinsurance Ceded...................... 18,742,000 Net Premiums Written.................. 27,570,000 Net Premiums Earned.................. 28,145,000 Net Claims & Adj Exp................... 20,964,000 Commissions..................................... 155,000 Taxes.............................................. 1,711,000 General Expenses........................ 13,631,000 Undwrwtg. Profit/Loss................. –8,275,000 Investment Income......................... 1,195,000
Underwriting Result 2010 –$8,275,000 2007 –$11,267,000
2009 2006
74.49 74.49 ————— 74.49 122.58 52.31 82.57 67.12
Growth: 0.48% %
Growth Rate (NPW)............................21.27 % of Market (NPW)..............................0.07 Earned Loss Ratio..............................74.49 Total Expense Ratio...........................55.06 Combined Loss & Exp. Ratio...........129.55 Return on Equity.............................. –18.62
–$25,967,000 –$5,978,000
2008
–$1,518,000
Individually Rated Commercial Automobiles
Business. Delivered by Compu-Quote www.compu-quote.com
2009 +$415,397,000 2006 +$921,570,000
Reinsurance Assumed................................... Reinsurance Ceded........................ 1,250,000 Net Premiums Written.................. –1,250,000 Net Premiums Earned.................. –1,250,000 Net Claims & Adj Exp........................ 126,000 Commissions................................................ 0 Taxes............................................................ 0 General Expenses............................. 153,000 Undwrwtg. Profit/Loss................. –1,529,000 Investment Income.............................. 43,000
Net Claims and Adjusting Expenses $
%
Growth Rate (NPW)................. –125,100.00 % of Market (NPW)..............................0.00 Earned Loss Ratio............................ –10.08 Total Expense Ratio......................... –12.24 Combined Loss & Exp. Ratio........... –22.32 Return on Equity................................58.94
+$442,000 –$6,652,000
2008
+$346,000
THE MEARIE GROUP
D-C
Charlie (C.C.) Macaluso, Chief Executive Officer, Attorney in Fact 3700 Steeles Ave. W., Suite 1100 Vaughan ON L4L 8K8 905-265-5300 Fax:905-265-5301 www.mearie.ca cmacaluso@mearie.ca
522,000 522,000 –137,000 Prop. - Commercial............ Prop - Total ....................... 522,000 522,000 –137,000 Auto. - Liability................... 146,000 146,000 9,000 Auto. - Pers. Acc................ 71,000 71,000 Auto. - Other....................... 160,000 160,000 Auto - Total ....................... 377,000 377,000 9,000 Liability............................... 3,947,000 3,947,000 1,632,000 ——————— ——————— ——————— 4,846,000 4,846,000 1,504,000 Total 2010........................... Total 2008........................... 6,947,000 6,947,000 1,719,000 Total 2007........................... 6,615,000 6,615,000 2,195,000 Total 2006........................... 5,756,000 5,756,000 2,353,000
2010 Direct Premiums Written: +9,246,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 4,401,000 Net Premiums Written.................... 4,846,000 Net Premiums Earned.................... 4,846,000 Net Claims & Adj Exp..................... 1,504,000 Commissions................................................ 0 Taxes................................................. 295,000 General Expenses.......................... 2,225,000 Undwrwtg. Profit/Loss...................... 978,000 Investment Income......................... 2,948,000
Underwriting Result 2010 +$978,000 2007 +$2,332,000
2008 2006
–26.25 –26.25 6.16 2.39 41.35 ————— 31.04 24.74 33.18 40.88
Growth: 0.00% %
Growth Rate (NPW)..............................0.00 % of Market (NPW)..............................0.01 Earned Loss Ratio..............................31.04 Total Expense Ratio...........................52.00 Combined Loss & Exp. Ratio.............83.04 Return on Equity..................................9.20
+$3,115,000 +$1,450,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
31/05/11 11:53 AM
Some spend millions in advertising to convince you they’re a financially secure choice. We let the numbers speak for themselves.
Our leadership team has worked in the industry long enough to know what works and what doesn’t anymore. That’s why we set out to create the insurance model of the future. A nimble paradigm that gives our clients direct access to our key leaders on a daily basis with assets that provide the best possible financial security. This combination enables us to have the freedom to make long-term decisions that build long-term partnerships, which has more than a little to do with our astounding growth. For more information please call 416-216-2270 or go to www.ironshore.com.
Depth in Leadership. Trusted Partnership.
The information contained herein is for general informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product or service.
p 070-115 2011 CUW Experience.indd 95
17/05/11 8:59 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
MENNONITE MUTUAL FIRE INSURANCE COMPANY
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
B-C
Valerie Fehr, President & Chief Executive Officer Box 190 Waldheim SK S0K 4R0 306-945-2239 Fax:306-945-4666 www.mmfi.com fehrv@mmfi.com
2010 Direct Premiums Written: +12,737,000 2010 Underwriting Performance Summary
Underwriting Result 2010 +$766,000 2007 –$437,000
2009 2006
Earned Loss Ratio %
MOTORS INSURANCE CORPORATION
D-US
C.W. Hastings, Director Canadian Operations 8500 Leslie St., Suite 400 Thornhill ON L3T 7M8 905-882-3900 Fax:905-882-3955
Prop. - Personal................. 5,450,000 5,280,000 2,933,000 Prop - Total ....................... 5,450,000 5,280,000 2,933,000 Auto. - Other....................... 130,000 129,000 83,000 Auto - Total ....................... 130,000 129,000 83,000 Liability............................... 478,000 468,000 165,000 ——————— ——————— ——————— Total 2010........................... 6,058,000 5,877,000 3,181,000 Total 2009........................... 5,601,000 5,441,000 2,209,000 Total 2008........................... 5,488,000 5,201,000 3,038,000 Total 2007........................... 4,922,000 4,728,000 2,940,000 Total 2006........................... 4,734,000 4,719,000 2,795,000
Reinsurance Assumed................................... Reinsurance Ceded........................ 6,679,000 Net Premiums Written.................... 6,058,000 Net Premiums Earned.................... 5,877,000 Net Claims & Adj Exp..................... 3,181,000 Commissions..................................... –61,000 Taxes............................................................ 0 General Expenses.......................... 2,058,000 Undwrwtg. Profit/Loss...................... 766,000 Investment Income............................ 268,000
Net Claims and Adjusting Expenses $
55.55 55.55 64.34 64.34 35.26 ————— 54.13 40.60 58.41 62.18 59.23
Growth: 3.34% %
Growth Rate (NPW)..............................8.16 % of Market (NPW)..............................0.02 Earned Loss Ratio..............................54.13 Total Expense Ratio...........................33.98 Combined Loss & Exp. Ratio.............88.11 Return on Equity................................17.57
+$1,499,000 –$290,000
2008
+$365,000
11,404,000 11,614,000 6,085,000 Prop. - Personal................. Prop. - Commercial............ –2,000 Prop - Total ....................... 11,404,000 11,614,000 6,083,000 Auto. - Liability................... 23,166,000 20,367,000 8,313,000 Auto. - Pers. Acc................ 20,501,000 19,618,000 27,204,000 Auto. - Other....................... 21,629,000 21,256,000 18,830,000 Auto - Total ....................... 65,296,000 61,241,000 54,347,000 Liability............................... 59,451,000 87,633,000 54,776,000 ——————— ——————— ——————— 160,488,000 115,206,000 Total 2010........................... 136,151,000 Total 2009........................... 129,376,000 183,782,000 107,688,000 Total 2008........................... 209,219,000 209,054,000 136,478,000 Total 2007........................... 198,807,000 208,699,000 136,181,000 Total 2006........................... 211,107,000 220,849,000 167,607,000
2010 Direct Premiums Written: +180,642,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded...................... 44,491,000 Net Premiums Written................ 136,151,000 Net Premiums Earned................ 160,488,000 Net Claims & Adj Exp................. 115,206,000 Commissions.................................. 9,534,000 Taxes.............................................. 5,879,000 General Expenses.......................... 8,410,000 Undwrwtg. Profit/Loss................. 22,274,000 Investment Income....................... 52,479,000
Underwriting Result 2010 +$22,274,000 2007 +$41,407,000
2009 2006
52.39 0.00 52.38 40.82 138.67 88.59 88.74 62.51 ————— 71.78 58.60 65.28 65.25 75.89
Growth: 4.86% %
Growth Rate (NPW)..............................5.24 % of Market (NPW)..............................0.35 Earned Loss Ratio..............................71.78 Total Expense Ratio...........................14.84 Combined Loss & Exp. Ratio.............86.62 Return on Equity................................18.03
+$45,877,000 +$27,100,000
2008
+$38,321,000
Ingenuity. Get in the fast lane MITSUI SUMITOMO INSURANCE COMPANY, LIMITED
B-F
Ellen J. Moore, Chief Agent For Canada One Financial Place, 1 Adelaide St. E. Toronto ON M5C 2V9 416-863-0550 Fax:416-863-3144
THE MUTUAL FIRE INSURANCE COMPANY OF BRITISH COLUMBIA
144,000 144,000 64,000 Prop. - Personal................. Prop. - Commercial............ 6,247,000 6,410,000 1,831,000 Prop - Total ....................... 6,391,000 6,554,000 1,895,000 Aircraft................................ 7,174,000 6,917,000 2,690,000 Auto. - Liability................... 3,756,000 3,669,000 –450,000 Auto. - Pers. Acc................ 34,000 33,000 71,000 Auto. - Other....................... 61,000 56,000 34,000 Auto - Total ....................... 3,851,000 3,758,000 –345,000 Boiler & Machinery............. 345,000 343,000 8,000 Fidelity................................ 106,000 114,000 –17,000 Liability............................... 3,652,000 3,696,000 9,569,000 Marine................................. 349,000 396,000 371,000 ——————— ——————— ——————— 21,868,000 21,778,000 14,171,000 Total 2010........................... Total 2009........................... 22,230,000 24,080,000 5,944,000 Total 2008........................... 24,974,000 26,159,000 19,523,000 Total 2007........................... 25,625,000 25,504,000 18,992,000 Total 2006........................... 26,073,000 24,863,000 13,034,000
2010 Direct Premiums Written: +23,094,000 2010 Underwriting Performance Summary
Reinsurance Assumed...................... 294,000 Reinsurance Ceded........................ 1,520,000 Net Premiums Written.................. 21,868,000 Net Premiums Earned.................. 21,778,000 Net Claims & Adj Exp................... 14,171,000 Commissions.................................. 2,519,000 Taxes................................................. 771,000 General Expenses.......................... 2,912,000 Undwrwtg. Profit/Loss................... 1,405,000 Investment Income......................... 2,946,000
Underwriting Result 2010 +$1,405,000 2007 –$1,475,000
2009 2006
96
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www.compu-quote.com
44.44 28.56 28.91 38.89 –12.26 215.15 60.71 –9.18 2.33 –14.91 258.90 93.69 ————— 65.07 24.68 74.63 74.47 52.42
Growth: –1.12% %
Growth Rate (NPW)............................ –1.63 % of Market (NPW)..............................0.06 Earned Loss Ratio..............................65.07 Total Expense Ratio...........................28.48 Combined Loss & Exp. Ratio.............93.55 Return on Equity................................ –6.25
+$11,171,000 +$3,887,000
2008
–$475,000
B-C
J. Bredenhof, President Darin Nessel, Chief Executive Officer 201-9366-200A Street Langley BC V1M 4B3 604-881-1250 Fax:604-881-1440 www.mutualfirebc.com dlnessel@mutualfirebc.com 20,656,000 19,542,000 6,356,000 Prop. - Personal................. Prop. - Commercial............ 2,986,000 3,120,000 720,000 Prop - Total ....................... 23,642,000 22,662,000 7,076,000 Liability............................... 1,544,000 1,303,000 1,798,000 ——————— ——————— ——————— 25,186,000 23,965,000 8,874,000 Total 2010........................... Total 2009........................... 19,058,000 16,972,000 10,397,000 Total 2008........................... 15,163,000 13,004,000 5,485,000 Total 2007........................... 12,152,000 10,313,000 5,222,000 Total 2006........................... 8,416,000 7,843,000 3,311,000
2010 Direct Premiums Written: +30,386,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 5,200,000 Net Premiums Written.................. 25,186,000 Net Premiums Earned.................. 23,965,000 Net Claims & Adj Exp..................... 8,874,000 Commissions.................................. 6,716,000 Taxes................................................... 51,000 General Expenses.......................... 3,370,000 Undwrwtg. Profit/Loss................... 4,956,000 Investment Income......................... 1,226,000
Underwriting Result 2010 +$4,956,000 2007 +$551,000
2009 2006
32.52 23.08 31.22 137.99 ————— 37.03 61.26 42.18 50.64 42.22
Growth: 14.87% %
Growth Rate (NPW)............................32.15 % of Market (NPW)..............................0.06 Earned Loss Ratio..............................37.03 Total Expense Ratio...........................42.30 Combined Loss & Exp. Ratio.............79.33 Return on Equity................................21.61
+$246,000 +$2,432,000
2008
+$2,882,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 8:59 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
NORTHBRIDGE FINANCIAL CORPORATION
Earned Loss Ratio %
B-C
LOMBARD CANADA GROUP MARKEL INSURANCE COMPANY OF CANADA COMMONWEALTH INSURANCE COMPANY FEDERATED INSURANCE COMPANY OF CANADA Northbridge group financial data in this publication reflects an aggregation of subsidiary financial data prepard on a statutory basis. Financial data by class reflects subsidiary financial data transacted in all jurisdictions Mark Ram, President & C.E.O. 105 Adelaide St W, Suite 700 Toronto ON M5H 1P9 416-350-4300 Fax:416-350-4307 www.norfin.com Prop. - Personal................. Prop. - Commercial............ Prop - Total ....................... Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Boiler & Machinery............. Fidelity................................ Liability............................... Surety................................. Marine................................. Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
50,330,000 49,815,000 27,994,000 260,371,000 259,853,000 139,859,000 310,701,000 309,668,000 167,853,000 241,900,000 246,928,000 211,146,000 70,222,000 69,168,000 96,692,000 152,675,000 156,104,000 93,715,000 464,797,000 472,200,000 401,553,000 3,337,000 3,299,000 122,000 2,325,000 2,417,000 1,602,000 193,823,000 199,358,000 187,231,000 7,636,000 8,112,000 7,275,000 25,109,000 26,361,000 7,293,000 ——————— ——————— ——————— 1,007,728,000 1,021,415,000 772,929,000 1,042,176,000 1,091,012,000 742,947,000 1,151,819,000 1,121,260,000 920,985,000 1,047,814,000 1,055,824,000 686,072,000 1,077,579,000 1,077,622,000 642,947,000
2010 Direct Premiums Written: +1,246,638,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 4,611,000 Reinsurance Ceded.................... 315,141,000 Net Premiums Written................ 974,504,000 Net Premiums Earned................ 981,029,000 Net Claims & Adj Exp................. 745,897,000 Commissions.............................. 120,348,000 Taxes............................................ 41,598,000 General Expenses...................... 164,756,000 Undwrwtg. Profit/Loss............... –82,912,000 Investment Income..................... 181,082,000
Underwriting Result 2010 –$82,912,000 2007 +$66,048,000
56.20 53.82 54.20 85.51 139.79 60.03 85.04 3.70 66.28 93.92 89.68 27.67 ————— 75.67 68.10 82.14 64.98 59.66
Growth: –3.13% %
Growth Rate (NPW)................................. –2 % of Market (NPW)..................................... Earned Loss Ratio..............................76.03 Total Expense Ratio...........................33.03 Combined Loss & Exp. Ratio...........109.33 Return on Equity..................................5.42
2008
–$81,933,000
COMMONWEALTH INSURANCE COMPANY
B-C
Financial data by class reflects financial data transacted in all jurisdictions Tim Ius, President 595 Burrard St Suite 1500, Bentall III Vancouver BC V7X 1G4 604-683-5511 Fax:604-683-8968 www.commonw.com Prop. - Commercial............ 54,237,000 60,569,000 31,125,000 Prop - Total ....................... 54,237,000 60,569,000 31,125,000 Liability............................... 26,488,000 26,747,000 16,199,000 Marine................................. 58,000 71,000 –4,565,000 ——————— ——————— ——————— 80,783,000 87,387,000 42,759,000 Total 2010........................... Total 2009........................... 104,063,000 123,827,000 38,321,000 Total 2008........................... 132,730,000 98,041,000 136,447,000 Total 2007........................... 76,616,000 104,626,000 56,412,000 Total 2006........................... 123,015,000 137,470,000 205,202,000
2010 Direct Premiums Written: +90,274,000 2010 Underwriting Performance Summary
Underwriting Result 2010 +$12,987,000 2007 +$13,029,000
2009 2006
Growth: –1.03% %
Growth Rate (NPW)............................ –8.21 % of Market (NPW)..................................... Earned Loss Ratio..............................37.48 Total Expense Ratio...........................37.68 Combined Loss & Exp. Ratio.............75.16 Return on Equity..................................9.42
+$3,522,000 +$35,498,000
2008
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 070-115 2011 CUW Experience.indd 97
51.39 51.39 60.56 –6,429.58 ————— 48.93 30.95 139.17 53.92 149.27
–$21,344,000
Net Claims and Adjusting Expenses $
LOMBARD CANADA GROUP
Earned Loss Ratio %
B-C
LOMBARD INSURANCE COMPANY LOMBARD GENERAL INSURANCE COMPANY OF CANADA ZENITH INSURANCE COMPANY Financial data by class reflects subsidiary financial data transacted in all jurisdictions Fabian Richenberger, President 105 Adelaide St. W. Toronto ON M5H 1P9 416-350-4400 Fax:416-350-4412 www.lombard.ca 46,414,000 46,033,000 22,739,000 Prop. - Personal................. Prop. - Commercial............ 150,337,000 146,894,000 69,697,000 Prop - Total ....................... 196,751,000 192,927,000 92,436,000 Auto. - Liability................... 116,966,000 122,482,000 140,389,000 Auto. - Pers. Acc................ 56,817,000 57,605,000 71,758,000 Auto. - Other....................... 70,041,000 75,481,000 38,480,000 Auto - Total ....................... 243,824,000 255,568,000 250,627,000 Boiler & Machinery............. 2,859,000 2,881,000 54,000 Fidelity................................ 2,134,000 2,237,000 1,405,000 Liability............................... 132,877,000 139,300,000 149,646,000 Surety................................. 7,447,000 7,934,000 7,210,000 Marine................................. 25,051,000 26,290,000 11,858,000 ——————— ——————— ——————— 627,137,000 513,236,000 Total 2010........................... 610,943,000 Total 2009........................... 641,609,000 679,107,000 516,430,000 Total 2008........................... 731,884,000 718,265,000 549,183,000 Total 2007........................... 708,476,000 695,277,000 450,673,000 Total 2006........................... 699,685,000 689,900,000 418,599,000
2010 Direct Premiums Written: +813,387,000 2010 Underwriting Performance Summary
Reinsurance Assumed.......................... 9,000 Reinsurance Ceded.................... 205,929,000 Net Premiums Written................ 608,207,000 Net Premiums Earned................ 623,847,000 Net Claims & Adj Exp................. 510,539,000 Commissions................................ 92,948,000 Taxes............................................ 27,688,000 General Expenses........................ 89,677,000 Undwrwtg. Profit/Loss............... –89,959,000 Investment Income..................... 126,624,000
Underwriting Result 2010 –$89,959,000 2007 +$39,756,000
2009 –$34,108,000 2006 +$136,865,000
Reinsurance Assumed................... 2,720,000 Reinsurance Ceded...................... 80,355,000 Net Premiums Written.................. 52,073,000 Net Premiums Earned.................. 52,275,000 Net Claims & Adj Exp................... 19,591,000 Commissions.................................. 1,141,000 Taxes.............................................. 3,287,000 General Expenses........................ 15,271,000 Undwrwtg. Profit/Loss................. 12,987,000 Investment Income....................... 24,060,000
Net Net Class Premiums Premiums Written Earned $ $
2009 2006
49.40 47.45 47.91 114.62 124.57 50.98 98.07 1.87 62.81 107.43 90.87 45.10 ————— 81.84 76.05 76.46 64.82 60.68
Growth: –7.36% %
Growth Rate (NPW)............................ –5.21 % of Market (NPW)..................................... Earned Loss Ratio..............................81.84 Total Expense Ratio...........................33.76 Combined Loss & Exp. Ratio...........115.60 Return on Equity..................................3.73
–$37,338,000 +$65,806,000
2008
–$39,983,000
MARKEL INSURANCE COMPANY OF CANADA
B-C
Financial data by class reflects financial data transacted in all jurisdictions Silvy Wright, President & C.E.O. 55 University Ave., Suite 1500 Toronto ON M5J 2H7 416-364-7800 Fax:416-364-1625 www.markel.ca 16,626,000 16,497,000 19,129,000 Prop. - Commercial............ Prop - Total ....................... 16,626,000 16,497,000 19,129,000 Auto. - Liability................... 102,147,000 102,359,000 57,415,000 Auto. - Pers. Acc................ 9,333,000 7,783,000 21,786,000 Auto. - Other....................... 59,821,000 58,429,000 44,471,000 Auto - Total ....................... 171,301,000 168,571,000 123,672,000 Liability............................... 2,258,000 2,305,000 363,000 ——————— ——————— ——————— 187,373,000 143,164,000 Total 2010........................... 190,185,000 Total 2009........................... 180,670,000 171,771,000 124,525,000 Total 2008........................... 171,088,000 188,251,000 160,472,000 Total 2007........................... 179,696,000 189,667,000 128,997,000 Total 2006........................... 208,555,000 218,421,000 147,927,000
2010 Direct Premiums Written: +199,074,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 1,882,000 Reinsurance Ceded...................... 10,771,000 Net Premiums Written................ 188,407,000 Net Premiums Earned................ 185,389,000 Net Claims & Adj Exp................. 141,997,000 Commissions................................ 17,868,000 Taxes.............................................. 6,086,000 General Expenses........................ 29,944,000 Undwrwtg. Profit/Loss................. –9,689,000 Investment Income....................... 17,983,000
Underwriting Result 2010 –$9,689,000 2007 +$9,184,000
2009 2006
115.95 115.95 56.09 279.92 76.11 73.36 15.75 ————— 76.41 72.49 85.24 68.01 67.73
Growth: 5.29% %
Growth Rate (NPW)..............................5.77 % of Market (NPW)..................................... Earned Loss Ratio..............................76.59 Total Expense Ratio...........................29.07 Combined Loss & Exp. Ratio...........105.67 Return on Equity..................................3.11
–$3,450,000 +$19,205,000
2008
–$24,025,000 97
17/05/11 9:00 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
FEDERATED INSURANCE COMPANY OF CANADA
D-C
Financial data by class reflects financial data transacted in all jurisdictions. John Paisley, President 717 Portage Ave., P.O. Box 5800 Winnipeg MB R3C 3C9 204-786-6431 Fax:204-784-6755 www.federated.ca 3,916,000 3,782,000 5,255,000 Prop. - Personal................. Prop. - Commercial............ 39,171,000 35,893,000 19,908,000 Prop - Total ....................... 43,087,000 39,675,000 25,163,000 Auto. - Liability................... 22,787,000 22,087,000 13,342,000 Auto. - Pers. Acc................ 4,072,000 3,780,000 3,148,000 Auto. - Other....................... 22,813,000 22,194,000 10,764,000 Auto - Total ....................... 49,672,000 48,061,000 27,254,000 Boiler & Machinery............. 478,000 418,000 68,000 Fidelity................................ 191,000 180,000 197,000 Liability............................... 32,200,000 31,006,000 21,023,000 Surety................................. 189,000 178,000 65,000 ——————— ——————— ——————— 119,518,000 73,770,000 Total 2010........................... 125,817,000 Total 2009........................... 115,834,000 116,307,000 63,671,000 Total 2008........................... 116,117,000 116,703,000 74,883,000 Total 2007........................... 103,003,000 103,829,000 65,842,000 Total 2006........................... 103,453,000 105,117,000 58,378,000
2010 Direct Premiums Written: +143,903,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded...................... 18,086,000 Net Premiums Written................ 125,817,000 Net Premiums Earned................ 119,518,000 Net Claims & Adj Exp................... 73,770,000 Commissions.................................. 8,391,000 Taxes.............................................. 4,537,000 General Expenses........................ 29,864,000 Undwrwtg. Profit/Loss................... 3,156,000 Investment Income....................... 12,415,000
Underwriting Result 2010 +$3,156,000 2007 +$4,079,000
2009 2006
138.95 55.46 63.42 60.41 83.28 48.50 56.71 16.27 109.44 67.80 36.52 ————— 61.72 54.74 64.17 63.41 55.54
Growth: 11.89% %
2008
+$3,419,000
2010 Direct Premiums Written: +69,379,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 8,349,000 Net Premiums Written.................. 61,030,000 Net Premiums Earned.................. 57,090,000 Net Claims & Adj Exp................... 34,096,000 Commissions................................ 12,092,000 Taxes.............................................. 2,071,000 General Expenses.......................... 8,470,000 Undwrwtg. Profit/Loss................... 1,333,000 Investment Income......................... 2,434,000
p 070-115 2011 CUW Experience.indd 98
Reinsurance Assumed........................ 10,000 Reinsurance Ceded...................... 13,734,000 Net Premiums Written.................. 45,920,000 Net Premiums Earned.................. 41,661,000 Net Claims & Adj Exp................... 27,693,000 Commissions.................................. 5,205,000 Taxes.............................................. 1,654,000 General Expenses.......................... 4,124,000 Undwrwtg. Profit/Loss................... 2,985,000 Investment Income......................... 4,029,000
2009 2006
18.77 80.11 38.44 85.16 155.36 53.97 91.63
5.13 ————— 59.72 59.13 73.54 63.04 61.28
Growth: 11.15% %
Growth Rate (NPW)............................11.93 % of Market (NPW)..............................0.16 Earned Loss Ratio..............................59.72 Total Expense Ratio...........................39.64 Combined Loss & Exp. Ratio.............99.36 Return on Equity..................................9.15
+$1,845,000 –$1,045,000
2008
–$5,478,000
81.82 63.10 64.42 –52.94 72.11 74.32 70.75 71.95 1.27 ————— 66.47 57.08 65.59 57.96 58.93
Growth: 29.10% %
Growth Rate (NPW)............................29.60 % of Market (NPW)..............................0.12 Earned Loss Ratio..............................66.47 Total Expense Ratio...........................26.36 Combined Loss & Exp. Ratio.............92.83 Return on Equity..................................9.63
+$2,644,000 +$4,257,000
2008
–$967,000
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OMEGA GENERAL INSURANCE COMPANY
20,547,000 19,598,000 3,678,000 Prop. - Personal................. Prop. - Commercial............ 9,544,000 9,253,000 7,413,000 Prop - Total ....................... 30,091,000 28,851,000 11,091,000 Auto. - Liability................... 8,820,000 7,836,000 6,673,000 Auto. - Pers. Acc................ 7,326,000 6,805,000 10,572,000 Auto. - Other....................... 11,299,000 10,171,000 5,489,000 Auto - Total ....................... 27,445,000 24,812,000 22,734,000 Boiler & Machinery............. –3,000 –3,000 Hail..................................... 129,000 157,000 Legal Expense.................... –2,013,000 –2,013,000 Liability............................... 5,374,000 5,279,000 271,000 Accident & Sickness........... 7,000 7,000 ——————— ——————— ——————— 61,030,000 57,090,000 34,096,000 Total 2010........................... Total 2009........................... 54,526,000 52,339,000 30,950,000 Total 2008........................... 49,382,000 46,261,000 34,020,000 Total 2007........................... 43,189,000 38,993,000 24,580,000 Total 2006........................... 32,418,000 30,581,000 18,741,000
98
2010 Direct Premiums Written: +59,644,000 2010 Underwriting Performance Summary
B-C
Carlos A Rodrigues, President & C.E.O. 100 Erb St. E. Waterloo ON N2J 1L9 519-886-4530 Fax:519-746-0222 www.nwfm.com
2009 2006
D-US
275,000 297,000 243,000 Prop. - Personal................. Prop. - Commercial............ 4,392,000 3,902,000 2,462,000 Prop - Total ....................... 4,667,000 4,199,000 2,705,000 Aircraft................................ 14,000 17,000 –9,000 Auto. - Liability................... 24,896,000 22,617,000 16,308,000 Auto. - Pers. Acc................ 3,531,000 3,096,000 2,301,000 Auto. - Other....................... 10,017,000 8,979,000 6,353,000 Auto - Total ....................... 38,444,000 34,692,000 24,962,000 Liability............................... 2,795,000 2,753,000 35,000 ——————— ——————— ——————— 45,920,000 41,661,000 27,693,000 Total 2010........................... Total 2009........................... 35,431,000 32,028,000 18,283,000 Total 2008........................... 31,096,000 32,251,000 21,153,000 Total 2007........................... 36,773,000 38,237,000 22,163,000 Total 2006........................... 40,409,000 43,801,000 25,810,000
Underwriting Result 2010 +$2,985,000 2007 +$3,360,000
NORTH WATERLOO FARMERS MUTUAL INSURANCE COMPANY
Underwriting Result 2010 +$1,333,000 2007 –$743,000
OLD REPUBLIC INSURANCE COMPANY OF CANADA
Earned Loss Ratio %
Paul Field, Chief Executive Officer Box 557, 100 King St W Hamilton ON L8N 3K9 905-523-5936 Fax:905-528-4685 pfield@orican.com
Growth Rate (NPW)..............................8.62 % of Market (NPW)..................................... Earned Loss Ratio..............................61.72 Total Expense Ratio...........................35.80 Combined Loss & Exp. Ratio.............97.53 Return on Equity..................................9.95
+$12,294,000 +$16,356,000
Net Claims and Adjusting Expenses $
B-C
Philip Cook, Chief Agent 36 King St. E., Suite 500 Toronto ON M5C 1E5 www.omegageneral.com contactus@omegageneral.com 8,878,000 8,459,000 5,572,000 Prop. - Personal................. Prop. - Commercial............ 1,687,000 1,684,000 –10,000 Prop - Total ....................... 10,565,000 10,143,000 5,562,000 Aircraft................................ 129,000 129,000 –124,000 Auto. - Liability................... –12,000 Auto - Total ....................... 0 0 –12,000 Liability............................... 3,554,000 3,104,000 1,330,000 Marine................................. 320,000 320,000 –7,000 ——————— ——————— ——————— 14,568,000 13,696,000 6,749,000 Total 2010........................... Total 2009........................... 1,993,000 1,524,000 711,000 Total 2008........................... 2,269,000 1,697,000 535,000 Total 2007........................... 575,000 747,000 204,000 Total 2006........................... 1,666,000 1,482,000 441,000
2010 Direct Premiums Written: +17,428,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 3,300,000 Reinsurance Ceded........................ 6,160,000 Net Premiums Written.................. 14,568,000 Net Premiums Earned.................. 13,696,000 Net Claims & Adj Exp..................... 6,749,000 Commissions.................................. 3,083,000 Taxes................................................. 596,000 General Expenses............................. 928,000 Undwrwtg. Profit/Loss................... 2,340,000 Investment Income............................ 442,000
Underwriting Result 2010 +$2,340,000 2007 –$2,188,000
2009 2006
65.87 –0.59 54.84 –96.12 0.00 42.85 –2.19 ————— 49.28 46.65 31.53 27.31 29.76
Growth: 330.32% %
Growth Rate (NPW)..........................630.96 % of Market (NPW)..............................0.04 Earned Loss Ratio..............................49.28 Total Expense Ratio...........................33.64 Combined Loss & Exp. Ratio.............82.92 Return on Equity................................20.93
–$981,000 –$1,496,000
2008
–$963,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 9:00 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
ONTARIO MUTUAL INSURANCE ASSOCIATION
B-C
John Taylor, BBA,FCIP,CHRP, President Jeffery Howell, Chairman of Board 350 Pinebush Rd, Box 3187 Cambridge ON N3H 4S6 519-622-9220 Fax:519-622-9227 www.ontariomutuals.com
2010 Direct Premiums Written: +598,577,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 1,321,000 Reinsurance Ceded.................... 119,452,000 Net Premiums Written................ 480,446,000 Net Premiums Earned................ 452,410,000 Net Claims & Adj Exp................. 242,526,000 Commissions................................ 88,463,000 Taxes.............................................. 1,230,000 General Expenses........................ 93,812,000 Undwrwtg. Profit/Loss................. 28,505,000 Investment Income....................... 56,875,000
2009 2006
54.42 35.79 52.16 66.37 55.36 58.26 60.68 18.75 25.74 61.73 ————— 53.61 62.97 75.09 61.48 61.32
Growth: 11.47% %
Growth Rate (NPW)............................11.05 % of Market (NPW)..............................1.23 Earned Loss Ratio..............................53.61 Total Expense Ratio...........................40.56 Combined Loss & Exp. Ratio.............94.17 Return on Equity..................................7.75
–$2,105,000 +$14,334,000
2008
–$44,401,000
D-C
Jim H. Sami, Chief Executive Officer 91 Westmount Rd. Guelph ON N1H 5J2 519-767-2182 Fax:519-767-0281 10,795,000 10,795,000 7,468,000 Prop. - Commercial............ Prop - Total ....................... 10,795,000 10,795,000 7,468,000 Auto. - Liability................... 646,000 697,000 788,000 Auto. - Pers. Acc................ 238,000 238,000 –393,000 Auto. - Other....................... 403,000 454,000 267,000 Auto - Total ....................... 1,287,000 1,389,000 662,000 Boiler & Machinery............. 90,000 90,000 14,000 Fidelity................................ 916,000 916,000 268,000 Liability............................... 20,043,000 20,381,000 18,001,000 ——————— ——————— ——————— 33,131,000 33,571,000 26,413,000 Total 2010........................... Total 2009........................... 32,520,000 32,960,000 29,168,000 Total 2008........................... 31,065,000 31,885,000 36,679,000 Total 2007........................... 31,019,000 31,542,000 27,484,000 Total 2006........................... 30,051,000 30,487,000 26,278,000
2010 Direct Premiums Written: +35,919,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 2,788,000 Net Premiums Written.................. 33,131,000 Net Premiums Earned.................. 33,571,000 Net Claims & Adj Exp................... 26,413,000 Commissions................................................ 0 Taxes.............................................. 1,129,000 General Expenses.......................... 1,906,000 Undwrwtg. Profit/Loss................... 4,123,000 Investment Income......................... 2,531,000
2009 2006
69.18 69.18 113.06 –165.13 58.81 47.66 15.56 29.26 88.32 ————— 78.68 88.50 115.04 87.13 86.19
Growth: 1.68% %
Growth Rate (NPW)..............................1.88 % of Market (NPW)..............................0.08 Earned Loss Ratio..............................78.68 Total Expense Ratio.............................9.04 Combined Loss & Exp. Ratio.............87.72 Return on Equity................................13.21
B-C
OPTIMUM WEST INSURANCE COMPANY OPTIMUM SOCIETE D’ASSURANCE INC OPTIMUM ASSURANCE AGRICOLE INC
29,482,000 28,213,000 13,913,000 Prop. - Personal................. Prop. - Commercial............ 15,373,000 15,418,000 3,526,000 Prop - Total ....................... 44,855,000 43,631,000 17,439,000 Auto. - Liability................... 16,675,000 15,600,000 7,830,000 Auto. - Pers. Acc................ 8,028,000 7,515,000 8,483,000 Auto. - Other....................... 8,760,000 8,365,000 4,976,000 Auto - Total ....................... 33,463,000 31,480,000 21,289,000 Boiler & Machinery............. 1,000 1,000 –1,000 Fidelity................................ 16,000 15,000 Liability............................... 12,649,000 12,196,000 7,312,000 Surety................................. –4,000 –3,000 ——————— ——————— ——————— 90,980,000 87,320,000 46,039,000 Total 2010........................... Total 2009........................... 82,884,000 79,564,000 41,076,000 Total 2008........................... 76,947,000 76,741,000 39,886,000 Total 2007........................... 76,108,000 81,096,000 38,568,000 Total 2006........................... 86,434,000 90,387,000 45,357,000
2010 Direct Premiums Written: +117,873,000 2010 Underwriting Performance Summary
Reinsurance Assumed................. 19,083,000 Reinsurance Ceded...................... 45,976,000 Net Premiums Written.................. 90,980,000 Net Premiums Earned.................. 87,320,000 Net Claims & Adj Exp................... 46,039,000 Commissions................................ 14,481,000 Taxes.............................................. 3,822,000 General Expenses........................ 20,401,000 Undwrwtg. Profit/Loss................... 2,577,000 Investment Income......................... 2,832,000
+$881,000 +$1,708,000
2009 2006
49.31 22.87 39.97 50.19 112.88 59.49 67.63 –100.00 59.95 ————— 52.72 51.63 51.97 47.56 50.18
Growth: 11.28% %
Growth Rate (NPW)..............................9.77 % of Market (NPW)..............................0.23 Earned Loss Ratio..............................52.72 Total Expense Ratio...........................44.32 Combined Loss & Exp. Ratio.............97.04 Return on Equity..................................7.38
+$992,000 +$3,874,000
2008
–$778,000
PACIFIC COAST FISHERMEN’S MUTUAL MARINE INSURANCE COMPANY D-C 3757 Canada Way Burnaby BC V5G 1G5 604-438-4240 Fax:604-438-5756 www.mutualmarine.bc.ca info@mutualmarine.bc.ca 5,916,000 5,927,000 647,000 Marine................................. ——————— ——————— ——————— 5,916,000 5,927,000 647,000 Total 2010........................... Total 2009........................... 6,070,000 5,986,000 574,000 Total 2008........................... 8,268,000 6,279,000 359,000 Total 2007........................... 5,959,000 5,949,000 741,000 Total 2006........................... 5,753,000 5,765,000 1,459,000
2010 Direct Premiums Written: +6,942,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 1,026,000 Net Premiums Written.................... 5,916,000 Net Premiums Earned.................... 5,927,000 Net Claims & Adj Exp........................ 647,000 Commissions................................................ 0 Taxes............................................................ 0 General Expenses............................. 866,000 Undwrwtg. Profit/Loss................... 4,430,000 Investment Income............................ 525,000
Underwriting Result 2010 +$4,430,000 2007 +$4,202,000
2009 2006
Analytics
10.92 ————— 10.92 9.59 5.72 12.46 25.31
Growth: –0.49% %
Growth Rate (NPW)............................ –2.54 % of Market (NPW)..............................0.02 Earned Loss Ratio..............................10.92 Total Expense Ratio...........................14.61 Combined Loss & Exp. Ratio.............25.53 Return on Equity................................71.93
+$4,328,000 +$3,390,000
2008
+$4,695,000
Rating & statistical analysis www.compu-quote.com
Powered by Compu-Quote 2008
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 070-115 2011 CUW Experience.indd 99
OPTIMUM GENERAL INC.
Underwriting Result 2010 +$2,577,000 2007 +$2,846,000
ONTARIO SCHOOL BOARD’S INSURANCE EXCHANGE
Underwriting Result 2010 +$4,123,000 2007 +$1,474,000
Earned Loss Ratio %
Jean-Claude Page, President & Chief Executive Officer 425 de Maisonneuve Blvd. W., Suite 1500 Montreal QC H3A 3G5 514-288-8725 Fax:514-288-0760
212,353,000 115,563,000 Prop. - Personal................. 223,253,000 Prop. - Commercial............ 30,522,000 29,362,000 10,508,000 Prop - Total ....................... 253,775,000 241,715,000 126,071,000 Auto. - Liability................... 82,334,000 72,507,000 48,120,000 Auto. - Pers. Acc................ 56,549,000 54,482,000 30,163,000 Auto. - Other....................... 52,531,000 50,912,000 29,661,000 Auto - Total ....................... 191,414,000 177,901,000 107,944,000 Boiler & Machinery............. –8,000 –7,000 Fidelity................................ 9,000 9,000 Hail..................................... 178,000 176,000 33,000 Liability............................... 34,817,000 32,357,000 8,328,000 Other Apprvd. Prod............ 16,000 16,000 Accident & Sickness........... 245,000 243,000 150,000 ——————— ——————— ——————— 452,410,000 242,526,000 Total 2010........................... 480,446,000 Total 2009........................... 432,620,000 411,816,000 259,307,000 Total 2008........................... 403,697,000 392,418,000 294,673,000 Total 2007........................... 383,721,000 377,706,000 232,210,000 Total 2006........................... 376,453,000 372,357,000 228,318,000
Underwriting Result 2010 +$28,505,000 2007 +$7,661,000
Net Claims and Adjusting Expenses $
–$7,713,000
Helping assess and develop marketing strategies through comparative quoting 99
17/05/11 9:00 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
PAFCO INSURANCE COMPANY
B-C
J.R.(Bob) Tisdale, President & C.O.O. 27 Allstate Parkway Suite 100 Markham ON L3R 5P8 905-477-6900 Fax:905-475-4991 www.pafco.ca 42,517,000 34,100,000 14,018,000 Auto. - Liability................... Auto. - Pers. Acc................ 19,201,000 15,759,000 17,897,000 Auto. - Other....................... 15,697,000 14,506,000 7,359,000 Auto - Total ....................... 77,415,000 64,365,000 39,274,000 ——————— ——————— ——————— 77,415,000 64,365,000 39,274,000 Total 2010........................... Total 2009........................... 54,897,000 51,709,000 20,973,000 Total 2008........................... 53,432,000 59,082,000 29,108,000 Total 2007........................... 79,875,000 95,313,000 56,992,000 Total 2006........................... 115,374,000 106,172,000 85,222,000
2010 Direct Premiums Written: +78,481,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 1,066,000 Net Premiums Written.................. 77,415,000 Net Premiums Earned.................. 64,365,000 Net Claims & Adj Exp................... 39,274,000 Commissions.................................. 9,197,000 Taxes.............................................. 2,022,000 General Expenses.......................... 8,488,000 Undwrwtg. Profit/Loss................... 7,455,000 Investment Income......................... 8,857,000
Underwriting Result 2010 +$7,455,000 2007 +$11,230,000
2009 2006
41.11 113.57 50.73 61.02 ————— 61.02 40.56 49.27 59.79 80.27
Growth: 41.49% %
Growth Rate (NPW)............................41.02 % of Market (NPW)..............................0.20 Earned Loss Ratio..............................61.02 Total Expense Ratio...........................30.62 Combined Loss & Exp. Ratio.............91.64 Return on Equity................................12.68
+$14,238,000 –$9,757,000
2008
+$11,067,000
P.E.I. MUTUAL INSURANCE COMPANY
D-C
Terrence Shea, General Manager 201 Water St. Summerside PE C1N 1B4 902-436-2185 www.peimutual.com protect@peimutual.com
Earned Loss Ratio %
PEACE HILLS GENERAL INSURANCE COMPANY
B-C
Diane Brickner C.I.P., President & CEO 300, 10709 Jasper Ave. Edmonton AB T5J 3N3 780-424-3986 Fax:780-424-0396 www.peacehillsinsurance.com phi@peacehillsinsurance.com 42,885,000 40,952,000 26,603,000 Prop. - Personal................. Prop. - Commercial............ 18,854,000 18,820,000 6,756,000 Prop - Total ....................... 61,739,000 59,772,000 33,359,000 Auto. - Liability................... 25,156,000 26,162,000 13,654,000 Auto. - Pers. Acc................ 2,101,000 2,155,000 1,706,000 Auto. - Other....................... 23,347,000 23,145,000 11,510,000 Auto - Total ....................... 50,604,000 51,462,000 26,870,000 ——————— ——————— ——————— 111,234,000 60,229,000 Total 2010........................... 112,343,000 Total 2009........................... 111,717,000 109,999,000 66,221,000 Total 2008........................... 111,297,000 101,261,000 67,081,000 Total 2007........................... 88,245,000 84,536,000 50,314,000 Total 2006........................... 73,838,000 70,488,000 41,084,000
2010 Direct Premiums Written: +163,014,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded...................... 50,671,000 Net Premiums Written................ 112,343,000 Net Premiums Earned................ 111,234,000 Net Claims & Adj Exp................... 60,229,000 Commissions................................ 18,109,000 Taxes.............................................. 5,431,000 General Expenses........................ 19,017,000 Undwrwtg. Profit/Loss................. 10,454,000 Investment Income......................... 7,111,000
Underwriting Result 2010 +$10,454,000 2007 +$2,832,000
2009 2006
64.96 35.90 55.81 52.19 79.16 49.73 52.21 ————— 54.15 60.20 66.25 59.52 58.29
Growth: 3.96% %
Growth Rate (NPW)..............................0.56 % of Market (NPW)..............................0.29 Earned Loss Ratio..............................54.15 Total Expense Ratio...........................38.26 Combined Loss & Exp. Ratio.............92.41 Return on Equity................................21.83
+$2,627,000 +$4,121,000
2008
–$3,014,000
Individually Rated Commercial Automobiles
Business. Delivered by Compu-Quote
6,657,000 6,311,000 5,410,000 Prop. - Personal................. Prop. - Commercial............ 5,857,000 5,781,000 2,658,000 Prop - Total ....................... 12,514,000 12,092,000 8,068,000 Legal Expense.................... 83,000 Liability............................... 1,244,000 948,000 989,000 ——————— ——————— ——————— 13,758,000 13,040,000 9,140,000 Total 2010........................... Total 2009........................... 13,220,000 12,656,000 7,450,000 Total 2008........................... 12,140,000 11,728,000 8,670,000 Total 2007........................... 11,585,000 11,186,000 7,256,000 Total 2006........................... 10,884,000 10,872,000 5,741,000
2010 Direct Premiums Written: +15,855,000 2010 Underwriting Performance Summary
Reinsurance Assumed........................ 10,000 Reinsurance Ceded........................ 2,107,000 Net Premiums Written.................. 13,758,000 Net Premiums Earned.................. 13,040,000 Net Claims & Adj Exp..................... 9,140,000 Commissions.................................. 1,855,000 Taxes................................................. 170,000 General Expenses.......................... 3,166,000 Undwrwtg. Profit/Loss................. –1,291,000 Investment Income......................... 2,459,000
Underwriting Result 2010 –$1,291,000 2007 –$368,000
Net Claims and Adjusting Expenses $
2009 2006
85.72 45.98 66.72 0.00 104.32 ————— 70.09 58.87 73.93 64.87 52.81
%
Growth Rate (NPW)..............................4.07 % of Market (NPW)..............................0.04 Earned Loss Ratio..............................70.09 Total Expense Ratio...........................39.81 Combined Loss & Exp. Ratio...........109.90 Return on Equity..................................2.91
+$625,000 +$1,146,000
2008
–$1,316,000
Ingenuity. Get in the fast lane www.compu-quote.com
www.compu-quote.com
Growth: 7.67%
PEARL ASSURANCE PLC
2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................................ Net Premiums Written.................................. 0 Net Premiums Earned.................................. 0 Net Claims & Adj Exp........................ 295,000 Commissions................................................ 0 Taxes............................................................ 0 General Expenses............................... 60,000 Undwrwtg. Profit/Loss.................... –355,000 Investment Income................................ 4,000
Underwriting Result 2010 –$355,000 2007 –$61,000 100
p 070-115 2011 CUW Experience.indd 100
B-UK
Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax:416-361-6113 295,000 Liability............................... ——————— ——————— ——————— 0 0 295,000 Total 2010........................... Total 2009........................... 0 0 3,000 Total 2008........................... 0 0 18,000 Total 2007........................... 0 0 0 Total 2006........................... 0 0 140,000
2009 2006
0.00 —————
%
Growth Rate (NPW)..............................0.00 % of Market (NPW)..............................0.00 Earned Loss Ratio................................0.00 Total Expense Ratio.............................0.00 Combined Loss & Exp. Ratio...............0.00 Return on Equity................................34.04
–$63,000 –$195,000
2008
–$78,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
31/05/11 11:53 AM
As a broker, you’re the best.
But you want to be even better.
And that’s where Peace Hills comes in with something more than a full line of insurance products. Great people. Real people who offer strong support and fast response to help you
P E ACEHILLSINSURANCE.COM
p 070-115 2011 CUW Experience.indd 101
provide better insurance solutions. At Peace Hills, we’re doing everything we can to help you do everything you can for your customers. It makes a difference that really shows
OUR POLICY IS WORKING FOR YOU
25/05/11 11:13 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
PEMBRIDGE INSURANCE COMPANY B-C J.R.(Bob) Tisdale, President & C.O.O. 27 Allstate Parkway Suite 100 Markham ON L3R 5P8 905-477-6900 Fax:905-475-4991 www.pembridge.com 30,122,000 28,307,000 19,028,000 67.22 Prop. - Personal................. Prop. - Commercial............ 39,000 0.00 Prop - Total ....................... 30,122,000 28,307,000 19,067,000 67.36 Auto. - Liability................... 49,310,000 41,737,000 27,943,000 66.95 Auto. - Pers. Acc................ 28,416,000 25,554,000 23,443,000 91.74 Auto. - Other....................... 28,544,000 25,132,000 14,194,000 56.48 Auto - Total ....................... 106,270,000 92,423,000 65,580,000 70.96 Liability............................... 3,000 3,000 –868,000 –28,933.33 Accident & Sickness........... –1,000 0.00 ——————— ——————— ——————— ————— 120,733,000 83,778,000 69.39 Total 2010........................... 136,395,000 Total 2009........................... 109,367,000 109,947,000 78,852,000 71.72 Total 2008........................... 114,669,000 106,105,000 83,811,000 78.99 Total 2007........................... 96,585,000 91,638,000 63,828,000 69.65 Total 2006........................... 83,626,000 78,607,000 38,304,000 48.73
2010 Direct Premiums Written: +138,048,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 1,653,000 Net Premiums Written................ 136,395,000 Net Premiums Earned................ 120,733,000 Net Claims & Adj Exp................... 83,778,000 Commissions................................ 20,442,000 Taxes.............................................. 4,046,000 General Expenses........................ 17,191,000 Undwrwtg. Profit/Loss................. –1,825,000 Investment Income....................... 19,988,000
Underwriting Result 2010 –$1,825,000 2007 –$4,356,000
2009 2006
Growth: 21.20% %
Growth Rate (NPW)............................24.71 % of Market (NPW)..............................0.35 Earned Loss Ratio..............................69.39 Total Expense Ratio...........................34.52 Combined Loss & Exp. Ratio...........103.91 Return on Equity..................................5.48
–$3,500,000 +$10,498,000
2008
–$12,461,000
POOL INSURANCE COMPANY
2010 Direct Premiums Written: +934,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 1,110,000 Net Premiums Written..................... –171,000 Net Premiums Earned....................... 587,000 Net Claims & Adj Exp............................ 6,000 Commissions..................................... –45,000 Taxes................................................. –39,000 General Expenses............................... 98,000 Undwrwtg. Profit/Loss...................... –48,000 Investment Income.............................. 49,000
1.02 1.02 ————— 1.02 4.50 13.65 0.00 0.10
Growth: –88.54% %
Growth Rate (NPW)........................ –109.28 % of Market (NPW)..............................0.00 Earned Loss Ratio................................1.02 Total Expense Ratio.............................2.39 Combined Loss & Exp. Ratio...............3.41 Return on Equity..................................0.06
–$93,000 –$112,000
2008
–$131,000
Business. Delivered by Compu-Quote
Individually Rated Commercial Automobiles
www.compu-quote.com 102
p 070-115 2011 CUW Experience.indd 102
THE PORTAGE LA PRAIRIE MUTUAL INSURANCE COMPANY
B-C
John G Mitchell, President & Chief Executive Officer PO Box 340 Portage La Prairie MB R1N 3B8 204-857-3415 Fax:204-239-6655 www.portagemutual.com 65,625,000 62,861,000 47,023,000 Prop. - Personal................. Prop. - Commercial............ 5,726,000 5,503,000 2,023,000 Prop - Total ....................... 71,351,000 68,364,000 49,046,000 Auto. - Liability................... 38,937,000 37,065,000 32,092,000 Auto. - Pers. Acc................ 16,143,000 14,893,000 14,202,000 Auto. - Other....................... 32,614,000 30,823,000 19,933,000 Auto - Total ....................... 87,694,000 82,781,000 66,227,000 Liability............................... 6,732,000 6,379,000 3,982,000 ——————— ——————— ——————— 157,524,000 119,255,000 Total 2010........................... 165,777,000 Total 2009........................... 149,329,000 140,339,000 88,136,000 Total 2008........................... 134,369,000 127,791,000 79,728,000 Total 2007........................... 121,810,000 118,619,000 77,166,000 Total 2006........................... 117,332,000 115,189,000 70,059,000
2010 Direct Premiums Written: +188,632,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded...................... 22,853,000 Net Premiums Written................ 165,777,000 Net Premiums Earned................ 157,524,000 Net Claims & Adj Exp................. 119,255,000 Commissions................................ 27,185,000 Taxes.............................................. 6,882,000 General Expenses........................ 20,254,000 Undwrwtg. Profit/Loss............... –13,118,000 Investment Income....................... 11,580,000
Underwriting Result 2010 –$13,118,000 2007 +$6,000
2009 2006
74.80 36.76 71.74 86.58 95.36 64.67 80.00 62.42 ————— 75.71 62.80 62.39 65.05 60.82
Growth: 12.62% %
Growth Rate (NPW)............................11.01 % of Market (NPW)..............................0.42 Earned Loss Ratio..............................75.71 Total Expense Ratio...........................34.48 Combined Loss & Exp. Ratio...........110.19 Return on Equity................................ –0.22
+$2,434,000 +$7,020,000
2008
+$5,015,000
B-UK
ROYAL & SUN ALLIANCE INSURANCE COMPANY OF CANADA QUEBEC ASSURANCE COMPANY WESTERN ASSURANCE COMPANY UNIFUND ASSURANCE COMPANY ASCENTUS INSURANCE LTD. CANADIAN NORTHERN SHIELD INSURANCE COMPANY
–171,000 587,000 6,000 Prop. - Commercial............ Prop - Total ....................... –171,000 587,000 6,000 ——————— ——————— ——————— –171,000 587,000 6,000 Total 2010........................... Total 2009........................... 1,843,000 2,180,000 98,000 Total 2008........................... 2,814,000 2,732,000 373,000 Total 2007........................... 2,334,000 2,354,000 0 Total 2006........................... 1,997,000 1,994,000 2,000
2009 2006
Earned Loss Ratio %
B-C RSA CANADA GROUP
L.J. Cooper, Chief Operating Officer 220 Portage Ave., Suite 1301 Winnipeg MB R3C 0A5 204-942-0658 Fax:204-989-2235 www.canpool.com
Underwriting Result 2010 –$48,000 2007 –$119,000
Net Claims and Adjusting Expenses $
Rowan Saunders, President & C.E.O. 10 Wellington St. E. Toronto ON M5E 1L5 416-366-7511 Fax:416-367-9869 www.rsagroup.ca Prop. - Personal................. Prop. - Commercial............ Prop - Total ....................... Aircraft................................ Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Boiler & Machinery............. Fidelity................................ Liability............................... Surety................................. Marine................................. Accident & Sickness........... Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
391,853,000 374,212,000 253,515,000 217,611,000 196,458,000 125,420,000 609,464,000 570,670,000 378,935,000 –1,000 –1,000 512,289,000 495,468,000 282,445,000 246,731,000 218,879,000 257,241,000 346,806,000 338,061,000 193,150,000 1,105,826,000 1,052,408,000 732,836,000 28,477,000 27,461,000 15,114,000 2,048,000 1,983,000 1,022,000 114,556,000 105,039,000 42,834,000 92,000 104,000 37,000 32,912,000 32,580,000 15,718,000 87,807,000 89,743,000 41,595,000 ——————— ——————— ——————— 1,981,181,000 1,879,987,000 1,228,091,000 1,820,486,000 1,762,502,000 1,187,972,000 1,732,533,000 1,693,620,000 1,181,151,000 1,503,736,000 1,443,015,000 894,464,000 1,389,143,000 1,337,902,000 812,109,000
2010 Direct Premiums Written: +2,090,982,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 3,349,000 Reinsurance Ceded.................... 117,920,000 Net Premiums Written............. 1,981,181,000 Net Premiums Earned............. 1,879,987,000 Net Claims & Adj Exp.............. 1,228,091,000 Commissions.............................. 237,944,000 Taxes............................................ 65,300,000 General Expenses...................... 244,599,000 Undwrwtg. Profit/Loss............... 104,053,000 Investment Income..................... 150,588,000
Underwriting Result 2010 +$104,053,000 2007 +$118,829,000
67.75 63.84 66.40 57.01 117.53 57.13 69.63 55.04 51.54 40.78 35.58 48.24 46.35 ————— 65.32 67.32 69.74 61.99 60.70
Growth: 9.46% %
Growth Rate (NPW)..............................8.83 % of Market (NPW)..............................5.05 Earned Loss Ratio..............................65.32 Total Expense Ratio...........................29.14 Combined Loss & Exp. Ratio.............94.46 Return on Equity................................10.49
2009 +$54,022,000 2006 +$122,589,000
©
2008
+$19,580,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
31/05/11 11:53 AM
®™ *
YOUR CUSTOMERS RELY ON YOU. YOU CAN RELY ON US. For over 300 years we have successfully helped our business partners achieve their goals. We can help you by sharing our knowledge and providing you with the products, tools and services you need to better serve your clients. RSA provides a wealth of options beyond home and auto insurance that makes doing business better for both you and your customer. Whether it’s coverage for jewelry, cottages or antiques, or useful broker tools such as web-based client inquiries and electronic policy documents, you’ll be equipped for success. In addition, policyholders earn one AIR MILES® reward mile* for every $20 spent on their insurance premiums and have access to our Hassle Free Claims Service that gets them back on track quickly.
Rely on us. Contact your RSA Business Development Manager or visit rsagroup.ca
© 2011. RSA is a registered trade name of Royal & Sun Alliance Insurance Company of Canada. “RSA” and the RSA logo are trademarks used under license from RSA Insurance Group plc. ®™ Trademarks of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Inc. and Roins Financial Services Ltd. * All AIR MILES® offers are subject to the Terms and Conditions of RSA, and may be changed or withdrawn without notice. Terms and Conditions can be found at www.rsagroup.ca.
p 070-115 2011 CUW Experience.indd 103
31/05/11 11:41 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
RBC GENERAL INSURANCE COMPANY
95,519,000 83,854,000 68,678,000 Prop. - Personal................. Prop. - Commercial............ 96,000 96,000 Prop - Total ....................... 95,615,000 83,950,000 68,678,000 Auto. - Liability................... 157,848,000 141,114,000 90,148,000 Auto. - Pers. Acc................ 114,847,000 98,870,000 185,781,000 Auto. - Other....................... 102,385,000 93,314,000 47,153,000 Auto - Total ....................... 375,080,000 333,298,000 323,082,000 Liability............................... 1,899,000 1,920,000 –5,000 Accident & Sickness........... 3,594,000 3,594,000 1,305,000 ——————— ——————— ——————— 422,762,000 393,060,000 Total 2010........................... 476,188,000 Total 2009........................... 384,390,000 378,899,000 316,981,000 Total 2008........................... 325,767,000 310,425,000 228,750,000 Total 2007........................... 350,966,000 331,449,000 228,240,000 Total 2006........................... 368,299,000 362,465,000 263,021,000
Reinsurance Assumed................... 3,690,000 Reinsurance Ceded........................ 6,291,000 Net Premiums Written................ 476,188,000 Net Premiums Earned................ 422,762,000 Net Claims & Adj Exp................. 393,060,000 Commissions................................................ 0 Taxes............................................ 13,260,000 General Expenses...................... 104,655,000 Undwrwtg. Profit/Loss............... –89,994,000 Investment Income....................... 42,788,000
Underwriting Result 2010 –$89,994,000 2007 +$30,463,000
2009 2006
81.90 81.81 63.88 187.90 50.53 96.93 –0.26 36.31 ————— 92.97 83.66 73.69 68.86 72.56
Growth: 24.50% %
Growth Rate (NPW)............................23.88 % of Market (NPW)..............................1.21 Earned Loss Ratio..............................92.97 Total Expense Ratio...........................27.89 Combined Loss & Exp. Ratio...........120.86 Return on Equity.............................. –13.58
2008
+$9,862,000
RBC INSURANCE COMPANY OF CANADA
D-C
Rino D’Onofrio, President & Chief Executive Officer 6880 Financial Dr. West Tower Mississauga ON L5N 7Y5 905-606-1113 Fax:905-813-4850 www.rbcinsurance.com 36,789,000 32,580,000 26,207,000 Prop. - Personal................. Prop - Total ....................... 36,789,000 32,580,000 26,207,000 Auto. - Liability................... 39,055,000 32,824,000 24,431,000 Auto. - Pers. Acc................ 28,752,000 23,331,000 35,707,000 Auto. - Other....................... 24,506,000 20,477,000 13,870,000 Auto - Total ....................... 92,313,000 76,632,000 74,008,000 Accident & Sickness........... 232,581,000 228,794,000 82,886,000 ——————— ——————— ——————— 338,006,000 183,101,000 Total 2010........................... 361,683,000 Total 2009........................... 310,394,000 276,059,000 136,567,000 Total 2008........................... 201,588,000 202,444,000 70,471,000 Total 2007........................... 240,332,000 240,799,000 90,267,000 Total 2006........................... 190,213,000 191,330,000 48,893,000
2010 Direct Premiums Written: +339,239,000 2010 Underwriting Performance Summary
Underwriting Result 2010 –$9,698,000 2007 +$20,207,000
2009 2006
104
p 070-115 2011 CUW Experience.indd 104
B-C
Brian Esau, President & Chief Executive Officer 245 Centre Ave. E. Altona MB R0G 0B0 204-324-6434 Fax:204-324-1952 www.redrivermutual.com info@redrivermutual.com 38,223,000 35,190,000 24,979,000 Prop. - Personal................. Prop. - Commercial............ 16,619,000 16,222,000 7,912,000 Prop - Total ....................... 54,842,000 51,412,000 32,891,000 Liability............................... 2,302,000 2,192,000 692,000 ——————— ——————— ——————— 57,144,000 53,604,000 33,583,000 Total 2010........................... Total 2009........................... 50,542,000 47,848,000 27,819,000 Total 2008........................... 45,244,000 43,001,000 22,333,000 Total 2007........................... 41,578,000 40,564,000 20,955,000 Total 2006........................... 39,862,000 38,432,000 20,154,000
2010 Direct Premiums Written: +62,879,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 5,735,000 Net Premiums Written.................. 57,144,000 Net Premiums Earned.................. 53,604,000 Net Claims & Adj Exp................... 33,583,000 Commissions................................ 13,041,000 Taxes.............................................. 2,602,000 General Expenses.......................... 6,283,000 Undwrwtg. Profit/Loss................. –1,286,000 Investment Income......................... 5,097,000
Underwriting Result 2010 –$1,286,000 2007 +$3,872,000
2009 2006
80.44 80.44 74.43 153.05 67.73 96.58 36.23 ————— 54.17 49.47 34.81 37.49 25.55
Growth: 13.94% %
Growth Rate (NPW)............................16.52 % of Market (NPW)..............................0.92 Earned Loss Ratio..............................54.17 Total Expense Ratio...........................48.70 Combined Loss & Exp. Ratio...........102.87 Return on Equity................................ –1.36
+$1,556,000 +$10,609,000
2008
+$26,136,000
70.98 48.77 63.98 31.57 ————— 62.65 58.14 51.94 51.66 52.44
Growth: 11.61% %
Growth Rate (NPW)............................13.06 % of Market (NPW)..............................0.15 Earned Loss Ratio..............................62.65 Total Expense Ratio...........................40.90 Combined Loss & Exp. Ratio...........103.55 Return on Equity..................................5.53
+$970,000 +$3,693,000
2008
+$3,243,000
SASKATCHEWAN MUTUAL INSURANCE COMPANY
–$48,979,000 +$25,346,000
Reinsurance Assumed................. 23,672,000 Reinsurance Ceded........................ 1,228,000 Net Premiums Written................ 361,683,000 Net Premiums Earned................ 338,006,000 Net Claims & Adj Exp................. 183,101,000 Commissions................................ 84,195,000 Taxes.............................................. 7,986,000 General Expenses........................ 72,422,000 Undwrwtg. Profit/Loss................. –9,698,000 Investment Income......................... 5,603,000
Earned Loss Ratio %
RED RIVER MUTUAL D-C
Rino D’Onofrio, President & Chief Executive Officer 6880 Financial Dr West Tower Mississauga ON L5N 7Y5 905-606-1113 Fax:905-813-4850 www.rbcinsurance.com
2010 Direct Premiums Written: +478,789,000 2010 Underwriting Performance Summary
Net Claims and Adjusting Expenses $
B-C
L. M. Wiebe, President & C.E.O. 279-3rd Ave. N. Saskatoon SK S7K 2H8 306-653-4232 Fax:306-653-3260 www.saskmutual.com headoffice@saskmutual.com 22,308,000 20,891,000 17,346,000 Prop. - Personal................. Prop. - Commercial............ 7,107,000 7,047,000 3,155,000 Prop - Total ....................... 29,415,000 27,938,000 20,501,000 Auto. - Liability................... 1,866,000 1,872,000 –17,000 Auto. - Pers. Acc................ 291,000 284,000 90,000 Auto. - Other....................... 6,468,000 6,298,000 3,145,000 Auto - Total ....................... 8,625,000 8,454,000 3,218,000 Boiler & Machinery............. –1,000 Fidelity................................ 37,000 37,000 6,000 Liability............................... 4,935,000 4,858,000 2,376,000 ——————— ——————— ——————— Total 2010........................... 43,012,000 41,287,000 26,100,000 Total 2009........................... 40,611,000 37,719,000 19,359,000 Total 2008........................... 35,435,000 34,521,000 19,742,000 Total 2007........................... 33,376,000 31,673,000 17,442,000 Total 2006........................... 29,772,000 28,515,000 14,332,000
2010 Direct Premiums Written: +45,528,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded........................ 2,516,000 Net Premiums Written.................. 43,012,000 Net Premiums Earned.................. 41,287,000 Net Claims & Adj Exp................... 26,100,000 Commissions.................................. 8,798,000 Taxes.............................................. 1,915,000 General Expenses.......................... 6,082,000 Undwrwtg. Profit/Loss................. –1,313,000 Investment Income......................... 3,747,000
Underwriting Result 2010 –$1,313,000 2007 +$1,710,000
2009 2006
83.03 44.77 73.38 –0.91 31.69 49.94 38.06 0.00 16.22 48.91 ————— 63.22 51.32 57.19 55.07 50.26
Growth: 8.24% %
Growth Rate (NPW)..............................5.91 % of Market (NPW)..............................0.11 Earned Loss Ratio..............................63.22 Total Expense Ratio...........................40.68 Combined Loss & Exp. Ratio...........103.90 Return on Equity..................................5.36
+$2,628,000 +$2,510,000
2008
+$954,000
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 9:02 AM
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
SECURITY INSURANCE COMPANY OF HARTFORD
D-US
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 –5,785,000 Liability............................... ——————— ——————— ——————— 0 0 –5,785,000 Total 2010........................... Total 2009........................... 133,000 133,000 –3,081,000 Total 2008........................... 0 10,000 5,900,000 Total 2007........................... 12,000 93,000 5,778,000 Total 2006........................... 47,000 265,000 –6,079,000
2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................................ Net Premiums Written.................................. 0 Net Premiums Earned.................................. 0 Net Claims & Adj Exp................... –5,785,000 Commissions................................................ 0 Taxes..................................................... 4,000 General Expenses............................. 273,000 Undwrwtg. Profit/Loss................... 5,508,000 Investment Income......................... 3,500,000
Underwriting Result 2010 +$5,508,000 2007 –$6,054,000
2009 2006
Class
Earned Loss Ratio %
0.00 ————— –2,316.54 59,000.00 6,212.90 –2,293.96
%
Growth Rate (NPW)........................ –100.00 % of Market (NPW)..............................0.00 Earned Loss Ratio................................0.00 Total Expense Ratio.............................0.00 Combined Loss & Exp. Ratio...............0.00 Return on Equity................................10.55
+$2,915,000 +$6,065,000
2008
–$6,224,000
SOMPO JAPAN INSURANCE INC.
D-F
Bruce Walker, Chief Agent In Canada 1400 - 25 York Street Toronto ON M5J 2V5 416-594-2590 Fax:416-594-3000 3,133,000 2,181,000 1,131,000 Prop. - Commercial............ Prop - Total ....................... 3,133,000 2,181,000 1,131,000 Auto. - Liability................... 691,000 697,000 340,000 Auto. - Other....................... 303,000 303,000 213,000 Auto - Total ....................... 994,000 1,000,000 553,000 Boiler & Machinery............. 54,000 55,000 –1,000 Fidelity................................ 49,000 48,000 –1,000 Liability............................... 1,131,000 1,137,000 3,297,000 Surety................................. 3,000 17,000 Marine................................. 604,000 615,000 –152,000 ——————— ——————— ——————— 5,968,000 5,053,000 4,827,000 Total 2010........................... Total 2009........................... 4,891,000 4,665,000 2,273,000 Total 2008........................... 4,655,000 4,951,000 1,294,000 Total 2007........................... 5,216,000 4,981,000 1,863,000 Total 2006........................... 4,838,000 4,822,000 2,095,000
2010 Direct Premiums Written: +5,376,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 2,226,000 Reinsurance Ceded........................ 1,634,000 Net Premiums Written.................... 5,968,000 Net Premiums Earned.................... 5,053,000 Net Claims & Adj Exp..................... 4,827,000 Commissions..................................... 648,000 Taxes................................................. 134,000 General Expenses.......................... 1,240,000 Undwrwtg. Profit/Loss................. –1,796,000 Investment Income............................ 574,000
Underwriting Result 2010 –$1,796,000 2007 +$1,424,000
2009 2006
51.86 51.86 48.78 70.30 55.30 –1.82 –2.08 289.97 –24.72 ————— 95.53 48.72 26.14 37.40 43.45
Growth: 12.59% %
Growth Rate (NPW)............................22.02 % of Market (NPW)..............................0.02 Earned Loss Ratio..............................95.53 Total Expense Ratio...........................40.02 Combined Loss & Exp. Ratio...........135.55 Return on Equity................................ –2.17
+$461,000 +$1,039,000
2008
+$1,781,000
Individually Rated Commercial Automobiles
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Net Premiums Written $
Net Premiums Earned $
SGI CANADA GROUP
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 070-115 2011 CUW Experience.indd 105
Earned Loss Ratio %
B-C
COACHMAN INSURANCE COMPANY INSURANCE COMPANY OF PRINCE EDWARD ISLAND SGI CANADA SGI CANADA INSURANCE SERVICES LTD Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax:306-565-8666 www.sgi.sk.ca 159,421,000 119,243,000 Prop. - Personal................. 170,248,000 Prop. - Commercial............ 36,832,000 36,473,000 16,916,000 Prop - Total ....................... 207,080,000 195,894,000 136,159,000 Aircraft................................ 73,000 75,000 281,000 Auto. - Liability................... 62,040,000 56,478,000 21,441,000 Auto. - Pers. Acc................ 21,740,000 18,635,000 19,911,000 Auto. - Other....................... 105,464,000 102,889,000 59,208,000 Auto - Total ....................... 189,244,000 178,002,000 100,560,000 Boiler & Machinery............. 180,000 189,000 –3,000 Fidelity................................ 415,000 420,000 57,000 Liability............................... 35,577,000 34,707,000 10,771,000 Surety................................. 1,914,000 1,946,000 41,000 Accident & Sickness........... 25,000 26,000 1,000 ——————— ——————— ——————— Total 2010........................... 434,508,000 411,259,000 247,867,000 Total 2009........................... 398,026,000 374,260,000 196,280,000 Total 2008........................... 356,499,000 338,595,000 183,532,000 Total 2007........................... 321,684,000 308,956,000 190,331,000 Total 2006........................... 301,617,000 291,453,000 155,775,000
2010 Direct Premiums Written: +468,537,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded...................... 34,029,000 Net Premiums Written................ 434,508,000 Net Premiums Earned................ 411,259,000 Net Claims & Adj Exp................. 247,867,000 Commissions................................ 85,484,000 Taxes............................................ 19,398,000 General Expenses........................ 50,782,000 Undwrwtg. Profit/Loss................... 6,896,000 Investment Income....................... 38,390,000
Underwriting Result 2010 +$6,896,000 2007 –$778,000
2009 2006
74.80 46.38 69.51 374.67 37.96 106.85 57.55 56.49 –1.59 13.57 31.03 2.11 3.85 ————— 60.27 52.44 54.20 61.60 53.45
Growth: 10.19% %
Growth Rate (NPW)..............................9.17 % of Market (NPW)..............................1.11 Earned Loss Ratio..............................60.27 Total Expense Ratio...........................37.85 Combined Loss & Exp. Ratio.............98.12 Return on Equity................................17.86
+$30,116,000 +$26,098,000
2008
+$22,798,000
SGI CANADA
B-C
Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax:306-565-8666 www.sgi.sk.ca 132,893,000 99,612,000 Prop. - Personal................. 141,334,000 Prop. - Commercial............ 28,561,000 28,649,000 13,714,000 Prop - Total ....................... 169,895,000 161,542,000 113,326,000 Aircraft................................ 73,000 75,000 281,000 Auto. - Liability................... 27,998,000 28,137,000 5,193,000 Auto. - Pers. Acc................ 6,433,000 5,747,000 4,748,000 Auto. - Other....................... 84,201,000 84,022,000 47,955,000 Auto - Total ....................... 118,632,000 117,906,000 57,896,000 Boiler & Machinery............. 154,000 164,000 –15,000 Fidelity................................ 362,000 372,000 63,000 Liability............................... 27,245,000 27,026,000 9,534,000 Surety................................. 1,734,000 1,768,000 53,000 Accident & Sickness........... 25,000 26,000 1,000 ——————— ——————— ——————— 308,879,000 181,139,000 Total 2010........................... 318,120,000 Total 2009........................... 306,531,000 293,721,000 143,185,000 Total 2008........................... 283,779,000 273,874,000 140,066,000 Total 2007........................... 264,892,000 257,384,000 160,321,000 Total 2006........................... 252,418,000 246,790,000 137,010,000
2010 Direct Premiums Written: +344,272,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 3,969,000 Reinsurance Ceded...................... 30,121,000 Net Premiums Written................ 318,120,000 Net Premiums Earned................ 308,879,000 Net Claims & Adj Exp................. 181,139,000 Commissions................................ 66,335,000 Taxes............................................ 15,752,000 General Expenses........................ 38,543,000 Undwrwtg. Profit/Loss................... 7,110,000 Investment Income....................... 30,115,000
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Net Claims and Adjusting Expenses $
Underwriting Result 2010 +$7,110,000 2007 –$2,500,000
2009 2006
74.96 47.87 70.15 374.67 18.46 82.62 57.07 49.10 –9.15 16.94 35.28 3.00 3.85 ————— 58.64 48.75 51.14 62.29 55.52
Growth: 5.13% %
Growth Rate (NPW)..............................3.78 % of Market (NPW)..............................0.81 Earned Loss Ratio..............................58.64 Total Expense Ratio...........................39.05 Combined Loss & Exp. Ratio.............97.69 Return on Equity................................17.95
+$33,771,000 +$16,901,000
2008
+$27,018,000
105
31/05/11 11:54 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
SGI CANADA INSURANCE SERVICES LTD.
B-C
Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax:306-565-8666 17,296,000 16,234,000 11,939,000 Prop. - Personal................. Prop. - Commercial............ 4,544,000 4,334,000 2,301,000 Prop - Total ....................... 21,840,000 20,568,000 14,240,000 Auto. - Liability................... 9,718,000 9,169,000 6,329,000 Auto. - Pers. Acc................ 988,000 968,000 954,000 Auto. - Other....................... 11,148,000 10,052,000 5,967,000 Auto - Total ....................... 21,854,000 20,189,000 13,250,000 Boiler & Machinery............. 26,000 25,000 7,000 Fidelity................................ 22,000 20,000 Liability............................... 4,900,000 4,497,000 771,000 Surety................................. 107,000 101,000 –10,000 ——————— ——————— ——————— 48,749,000 45,400,000 28,258,000 Total 2010........................... Total 2009........................... 42,755,000 37,803,000 20,835,000 Total 2008........................... 33,636,000 28,031,000 22,563,000 Total 2007........................... 21,970,000 18,264,000 11,473,000 Total 2006........................... 14,215,000 12,339,000 7,346,000
2010 Direct Premiums Written: +51,894,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 2,541,000 Reinsurance Ceded........................ 5,686,000 Net Premiums Written.................. 48,749,000 Net Premiums Earned.................. 45,400,000 Net Claims & Adj Exp................... 28,258,000 Commissions.................................. 8,772,000 Taxes.............................................. 1,589,000 General Expenses.......................... 5,652,000 Undwrwtg. Profit/Loss................... 1,057,000 Investment Income......................... 3,073,000
Underwriting Result 2010 +$1,057,000 2007 –$1,026,000
2009 2006
17.14 –9.90 ————— 62.24 55.11 80.49 62.82 59.53
Growth: 14.03% %
Growth Rate (NPW)............................14.02 % of Market (NPW)..............................0.12 Earned Loss Ratio..............................62.24 Total Expense Ratio...........................35.27 Combined Loss & Exp. Ratio.............97.51 Return on Equity..................................5.95
+$2,708,000 –$363,000
2008
Earned Loss Ratio %
COACHMAN INSURANCE COMPANY B-C Penny McCune, Acting Chief Operating Officer 802 The Queensway Toronto ON M8Z 1N5 416-255-3417 7,989,000 6,974,000 4,279,000 Prop. - Personal................. Prop. - Commercial............ 2,194,000 2,081,000 734,000 Prop - Total ....................... 10,183,000 9,055,000 5,013,000 Auto. - Liability................... 16,152,000 11,445,000 6,635,000 Auto. - Pers. Acc................ 12,467,000 10,146,000 12,896,000 Auto. - Other....................... 4,484,000 3,587,000 2,411,000 Auto - Total ....................... 33,103,000 25,178,000 21,942,000 Boiler & Machinery............. 4,000 Fidelity................................ 19,000 17,000 –6,000 Liability............................... 2,148,000 2,028,000 614,000 Surety................................. 49,000 53,000 ——————— ——————— ——————— 45,502,000 36,331,000 27,567,000 Total 2010........................... Total 2009........................... 29,710,000 25,736,000 22,029,000 Total 2008........................... 24,068,000 23,525,000 13,380,000 Total 2007........................... 23,499,000 23,177,000 13,072,000 Total 2006........................... 25,949,000 23,555,000 8,147,000
2010 Direct Premiums Written: +48,837,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded........................ 3,335,000 Net Premiums Written.................. 45,502,000 Net Premiums Earned.................. 36,331,000 Net Claims & Adj Exp................... 27,567,000 Commissions.................................. 6,358,000 Taxes.............................................. 1,234,000 General Expenses.......................... 3,473,000 Undwrwtg. Profit/Loss................. –3,038,000 Investment Income......................... 4,230,000
Underwriting Result 2010 –$3,038,000 2007 +$2,329,000
2009 2006
61.36 35.27 55.36 57.97 127.10 67.21 87.15 0.00 –35.29 30.28 ————— 75.88 85.60 56.88 56.40 34.59
Growth: 52.79% %
Growth Rate (NPW)............................53.15 % of Market (NPW)..............................0.12 Earned Loss Ratio..............................75.88 Total Expense Ratio...........................30.46 Combined Loss & Exp. Ratio...........106.34 Return on Equity..................................1.84
–$5,462,000 +$7,362,000
2008
+$1,858,000
–$5,762,000
THE SOVEREIGN GENERAL COMPANY B-C INSURANCE Kathy Bardswick, President & Chief Executive Officer
THE INSURANCE COMPANY OF PRINCE EDWARD ISLAND Charles Cooke, President PO Box 1120 14 Great George St Charlottetown PE C1A 7M8 902-368-3675
B-C
130 MacDonell St PO Box 3608 Guelph ON N1H 6P8 519-767-3082 #303082 Fax:519-824-0599
3,630,000 3,319,000 3,413,000 Prop. - Personal................. Prop. - Commercial............ 1,532,000 1,408,000 167,000 Prop - Total ....................... 5,162,000 4,727,000 3,580,000 Auto. - Liability................... 8,172,000 7,727,000 3,284,000 Auto. - Pers. Acc................ 1,852,000 1,774,000 1,313,000 Auto. - Other....................... 5,631,000 5,228,000 2,875,000 Auto - Total ....................... 15,655,000 14,729,000 7,472,000 Boiler & Machinery............. 1,000 Fidelity................................ 12,000 11,000 Liability............................... 1,284,000 1,157,000 –148,000 Surety................................. 24,000 24,000 –2,000 ——————— ——————— ——————— Total 2010........................... 22,137,000 20,648,000 10,903,000 Total 2009........................... 19,031,000 17,000,000 10,233,000 Total 2008........................... 15,016,000 13,166,000 7,522,000 Total 2007........................... 11,323,000 10,132,000 5,465,000 Total 2006........................... 9,035,000 8,769,000 3,272,000
2010 Direct Premiums Written: +23,534,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 1,397,000 Net Premiums Written.................. 22,137,000 Net Premiums Earned.................. 20,648,000 Net Claims & Adj Exp................... 10,903,000 Commissions.................................. 4,019,000 Taxes................................................. 823,000 General Expenses.......................... 3,112,000 Undwrwtg. Profit/Loss................... 1,767,000 Investment Income............................ 972,000
Underwriting Result 2010 +$1,767,000 2007 +$418,000
73.54 53.09 69.23 69.03 98.55 59.36 65.63 28.00
Net Claims and Adjusting Expenses $
2009 2006
106
p 070-115 2011 CUW Experience.indd 106
102.83 11.86 75.74 42.50 74.01 54.99 50.73 0.00 –12.79 –8.33 ————— 52.80 60.19 57.13 53.94 37.31
Growth: 16.14% %
Growth Rate (NPW)............................16.32 % of Market (NPW)..............................0.06 Earned Loss Ratio..............................52.80 Total Expense Ratio...........................38.52 Combined Loss & Exp. Ratio.............91.32 Return on Equity................................18.17
–$903,000 +$2,198,000
2008
–$314,000
27,092,000 26,588,000 15,459,000 Prop. - Personal................. Prop. - Commercial............ 93,304,000 81,946,000 50,171,000 Prop - Total ....................... 120,396,000 108,534,000 65,630,000 Auto. - Liability................... 18,501,000 16,678,000 12,433,000 Auto. - Pers. Acc................ 4,574,000 4,383,000 2,229,000 Auto. - Other....................... 11,280,000 10,505,000 4,722,000 Auto - Total ....................... 34,355,000 31,566,000 19,384,000 Boiler & Machinery............. –16,000 2,000 Fidelity................................ 552,000 589,000 244,000 Liability............................... 57,462,000 58,015,000 27,668,000 Surety................................. 7,518,000 6,847,000 404,000 Marine................................. 7,118,000 6,944,000 3,906,000 ——————— ——————— ——————— Total 2010........................... 227,385,000 212,497,000 117,236,000 Total 2009........................... 206,993,000 191,675,000 117,742,000 Total 2008........................... 193,926,000 181,927,000 108,610,000 Total 2007........................... 175,280,000 173,623,000 106,741,000 Total 2006........................... 183,929,000 188,793,000 108,477,000
2010 Direct Premiums Written: +279,548,000 2010 Underwriting Performance Summary Reinsurance Assumed................... 2,762,000 Reinsurance Ceded...................... 55,028,000 Net Premiums Written................ 227,385,000 Net Premiums Earned................ 212,497,000 Net Claims & Adj Exp................. 117,236,000 Commissions................................ 51,386,000 Taxes.............................................. 9,666,000 General Expenses........................ 26,894,000 Undwrwtg. Profit/Loss................... 7,315,000 Investment Income....................... 18,485,000
Underwriting Result 2010 +$7,315,000 2007 –$3,507,000
2009 2006
58.14 61.22 60.47 74.55 50.86 44.95 61.41 41.43 47.69 5.90 56.25 ————— 55.17 61.43 59.70 61.48 57.46
Growth: 4.14% %
Growth Rate (NPW)..............................9.85 % of Market (NPW)..............................0.58 Earned Loss Ratio..............................55.17 Total Expense Ratio...........................41.39 Combined Loss & Exp. Ratio.............96.56 Return on Equity................................12.23
–$1,668,000 +$4,736,000
2008
–$1,854,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 9:03 AM
p 070-115 2011 CUW Experience.indd 107
17/05/11 9:03 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
SSQ, SOCIETE D’ASSURANCES GENERALES INC.
D-C
Gilles Mourette, President & CEO 2515 boulevard Laurier CP 10530, succ. Sainte-Foy Quebec QC G1V 0A5 418-683-0554 Fax:418-683-3669 www.ssqgenerale.com
2010 Direct Premiums Written: +171,079,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 5,345,000 Reinsurance Ceded........................ 4,068,000 Net Premiums Written................ 172,356,000 Net Premiums Earned................ 142,358,000 Net Claims & Adj Exp................... 86,758,000 Commissions..................................... 115,000 Taxes.............................................. 5,093,000 General Expenses........................ 34,749,000 Undwrwtg. Profit/Loss................. 15,643,000 Investment Income......................... 4,442,000
2009 2006
66.16 16.48 64.79 61.16 235.56 57.07 58.82 54.41 ————— 60.94 63.13 73.76 64.87 68.52
Growth: 15.80% %
Growth Rate (NPW)............................19.11 % of Market (NPW)..............................0.44 Earned Loss Ratio..............................60.94 Total Expense Ratio...........................28.07 Combined Loss & Exp. Ratio.............89.01 Return on Equity................................24.22
+$11,161,000 +$1,187,000
2008
2010 Direct Premiums Written: +1,944,165,000 2010 Underwriting Performance Summary
p 070-115 2011 CUW Experience.indd 108
%
Growth Rate (NPW)............................11.04 % of Market (NPW)..............................1.27 Earned Loss Ratio..............................58.14 Total Expense Ratio...........................30.48 Combined Loss & Exp. Ratio.............88.62 Return on Equity..............................231.00
–$17,416,000 +$17,091,000
2008
–$67,927,000
D-US
58.60 65.58 59.14 91.98 276.90 72.92 164.69 49.68 ————— 138.48 102.25 96.24 85.42 66.58
Growth: 6.07% %
Growth Rate (NPW)..............................5.99 % of Market (NPW)..............................4.94 Earned Loss Ratio............................138.48 Total Expense Ratio...........................24.36 Combined Loss & Exp. Ratio...........162.84 Return on Equity.............................. –50.40
2009 –$495,851,000 2006 +$141,519,000
2009 2006
Growth: 11.31%
Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca
413,511,000 386,866,000 226,722,000 33,320,000 32,382,000 21,235,000 446,831,000 419,248,000 247,957,000 549,297,000 570,915,000 525,131,000 630,815,000 593,121,000 1,642,370,000 260,799,000 272,885,000 198,996,000 1,440,911,000 1,436,921,000 2,366,497,000 49,530,000 49,565,000 24,626,000 48,000 50,000 ——————— ——————— ——————— 1,937,320,000 1,905,784,000 2,639,080,000 1,827,768,000 1,783,048,000 1,823,105,000 1,679,940,000 1,630,706,000 1,569,393,000 1,527,610,000 1,493,002,000 1,275,254,000 1,436,944,000 1,420,920,000 945,989,000
108
Reinsurance Assumed................................... Reinsurance Ceded........................ 6,923,000 Net Premiums Written................ 496,319,000 Net Premiums Earned................ 468,863,000 Net Claims & Adj Exp................. 272,583,000 Commissions................................ 66,618,000 Taxes............................................ 16,047,000 General Expenses........................ 60,230,000 Undwrwtg. Profit/Loss................. 55,818,000 Investment Income....................... 36,575,000
————— 58.14 73.19 85.60 69.41 64.30
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY D-US
Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca
Reinsurance Assumed................................... Reinsurance Ceded........................ 6,935,000 Net Premiums Written............. 1,937,320,000 Net Premiums Earned............. 1,905,784,000 Net Claims & Adj Exp.............. 2,639,080,000 Commissions.............................. 229,228,000 Taxes............................................ 62,491,000 General Expenses...................... 172,521,000 Undwrwtg. Profit/Loss.......... –1,267,250,000 Investment Income..................... 216,898,000
2010 Direct Premiums Written: +503,242,000 2010 Underwriting Performance Summary
58.60 65.58 59.14 49.68
–$3,434,000
STATE FARM FIRE & CASUALTY COMPANY STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
Underwriting Result 2010 –$1,267,250,000 2007 –$120,814,000
D-US
386,866,000 226,722,000 Prop. - Personal................. 413,511,000 Prop. - Commercial............ 33,230,000 32,382,000 21,235,000 Prop - Total ....................... 446,741,000 419,248,000 247,957,000 Liability............................... 49,530,000 49,565,000 24,626,000 Surety................................. 48,000 50,000 ——————— ——————— ——————— 468,863,000 272,583,000 Total 2010........................... 496,319,000 Total 2009........................... 446,959,000 428,364,000 313,541,000 Total 2008........................... 414,739,000 400,092,000 342,495,000 Total 2007........................... 388,547,000 374,113,000 259,681,000 Total 2006........................... 362,333,000 356,224,000 229,038,000
Underwriting Result 2010 +$55,818,000 2007 +$976,000
STATE FARM INSURANCE COMPANY
Prop. - Personal................. Prop. - Commercial............ Prop - Total ....................... Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Liability............................... Surety................................. Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
STATE FARM FIRE & CASUALTY COMPANY
Earned Loss Ratio %
Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620 www.statefarm.ca
54,329,000 50,217,000 33,224,000 Prop. - Personal................. Prop. - Commercial............ 1,570,000 1,420,000 234,000 Prop - Total ....................... 55,899,000 51,637,000 33,458,000 Auto. - Liability................... 31,900,000 32,259,000 19,731,000 Auto. - Pers. Acc................ 233,000 135,000 318,000 Auto. - Other....................... 66,612,000 56,965,000 32,510,000 Auto - Total ....................... 98,745,000 89,359,000 52,559,000 Liability............................... 17,712,000 1,362,000 741,000 ——————— ——————— ——————— 142,358,000 86,758,000 Total 2010........................... 172,356,000 Total 2009........................... 144,707,000 129,125,000 81,516,000 Total 2008........................... 121,921,000 115,968,000 85,540,000 Total 2007........................... 118,423,000 99,308,000 64,424,000 Total 2006........................... 90,292,000 88,209,000 60,438,000
Underwriting Result 2010 +$15,643,000 2007 –$219,000
Net Claims and Adjusting Expenses $
2008 –$348,769,000
Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
549,297,000 570,915,000 525,131,000 630,815,000 593,121,000 1,642,370,000 260,799,000 272,885,000 198,996,000 1,440,911,000 1,436,921,000 2,366,497,000 ——————— ——————— ——————— 1,440,911,000 1,436,921,000 2,366,497,000 1,380,809,000 1,354,684,000 1,509,564,000 1,265,201,000 1,230,614,000 1,226,898,000 1,139,063,000 1,118,889,000 1,015,573,000 1,074,611,000 1,064,696,000 716,951,000
2010 Direct Premiums Written: +1,440,923,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded............................. 12,000 Net Premiums Written............. 1,440,911,000 Net Premiums Earned............. 1,436,921,000 Net Claims & Adj Exp.............. 2,366,497,000 Commissions.............................. 162,610,000 Taxes............................................ 46,444,000 General Expenses...................... 112,291,000 Undwrwtg. Profit/Loss.......... –1,323,068,000 Investment Income..................... 180,323,000
Underwriting Result 2010 –$1,323,068,000 2007 –$121,790,000
91.98 276.90 72.92 164.69 ————— 164.69 111.43 99.70 90.77 67.34
Growth: 4.35% %
Growth Rate (NPW)..............................4.35 % of Market (NPW)..............................3.68 Earned Loss Ratio............................164.69 Total Expense Ratio...........................22.36 Combined Loss & Exp. Ratio...........187.05 Return on Equity.............................. –73.00
2009 –$478,435,000 2006 +$124,428,000
2008 –$280,842,000
Individually Rated Commercial Automobiles
Business. Delivered by Compu-Quote www.compu-quote.com
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
31/05/11 11:54 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
STEWART TITLE GUARANTY COMPANY
D-US
Marco Polsinelli Royal Bank Plaza, North Tower 200 Bay St, Suite 2200 Toronto ON M5J 2J2 416-307-3300 Fax:416-307-3305 www.stewart.ca 75,971,000 75,971,000 22,624,000 Title..................................... ——————— ——————— ——————— 75,971,000 75,971,000 22,624,000 Total 2010........................... Total 2009........................... 68,976,000 68,976,000 30,265,000 Total 2008........................... 74,142,000 74,142,000 27,774,000
2010 Direct Premiums Written: +75,971,000 2010 Underwriting Performance Summary Reinsurance Assumed................................... Reinsurance Ceded........................................ Net Premiums Written.................. 75,971,000 Net Premiums Earned.................. 75,971,000 Net Claims & Adj Exp................... 22,624,000 Commissions................................................ 0 Taxes.............................................. 2,403,000 General Expenses........................ 37,581,000 Undwrwtg. Profit/Loss................. 13,491,000 Investment Income......................... 9,732,000
Underwriting Result 2010 +$13,491,000
2009
29.78 ————— 29.78 43.88 37.46
Growth: 10.14% %
Growth Rate (NPW)............................10.14 % of Market (NPW)..............................0.19 Earned Loss Ratio..............................29.78 Total Expense Ratio...........................52.63 Combined Loss & Exp. Ratio.............82.41 Return on Equity................................22.89
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
TEMPLE INSURANCE COMPANY
2008
+$4,969,000
Ingenuity. Get in the fast lane www.compu-quote.com
D-C
Kenneth B. Irvin, CGA, President & CEO 390 Bay St., 22nd Floor Toronto ON M5H 2Y2 416-364-2851 Fax:416-361-1163 www.templeinsurance.ca 25,665,000 23,808,000 10,894,000 Prop. - Commercial............ Prop - Total ....................... 25,665,000 23,808,000 10,894,000 Aircraft................................ –453,000 Auto. - Liability................... 18,000 Auto - Total ....................... 0 0 18,000 Boiler & Machinery............. –88,000 –24,000 97,000 Liability............................... 78,089,000 82,162,000 48,656,000 ——————— ——————— ——————— 105,946,000 59,212,000 Total 2010........................... 103,666,000 Total 2009........................... 103,688,000 107,255,000 51,568,000 Total 2008........................... 111,002,000 110,202,000 44,711,000 Total 2007........................... 117,689,000 112,128,000 38,584,000 Total 2006........................... 110,422,000 112,023,000 30,752,000
2010 Direct Premiums Written: +178,181,000 2010 Underwriting Performance Summary
+$2,176,000
Reinsurance Assumed........................ –1,000 Reinsurance Ceded...................... 74,514,000 Net Premiums Written................ 103,666,000 Net Premiums Earned................ 105,946,000 Net Claims & Adj Exp................... 59,212,000 Commissions................................ 32,277,000 Taxes.............................................. 5,920,000 General Expenses.......................... 8,673,000 Undwrwtg. Profit/Loss.................... –136,000 Investment Income....................... 22,353,000
Underwriting Result 2010 –$136,000 2007 +$22,672,000
2009 2006
B-C
SECURITY NATIONAL INSURANCE COMPANY PRIMMUM INSURANCE COMPANY TD GENERAL INSURANCE COMPANY TD DIRECT INSURANCE INC TD HOME AND AUTO INSURANCE COMPANY
Prop. - Personal................. Prop. - Commercial............ Prop - Total ....................... Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Liability............................... Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
%
+$11,603,000 +$36,705,000
2008
+$20,171,000
2010 Direct Premiums Written: +2,382,705,000 2010 Underwriting Performance Summary
Underwriting Result 2010 –$65,269,000 2007 +$146,876,000
73.35 59.93 148.67 61.37 83.21 22.87 ————— 80.58 82.91 77.91 69.18 69.28
Growth: 12.01% %
0.00 —————
Reinsurance Assumed................................... Reinsurance Ceded........................................ Net Premiums Written.................................. 0 Net Premiums Earned.................................. 0 Net Claims & Adj Exp.......................... 20,000 Commissions................................................ 0 Taxes............................................................ 0 General Expenses............................. 305,000 Undwrwtg. Profit/Loss.................... –325,000 Investment Income......................... 2,271,000
Underwriting Result 2010 –$325,000 2007 –$1,584,000
2009
%
Growth Rate (NPW)..............................0.00 % of Market (NPW)..............................0.00 Earned Loss Ratio................................0.00 Total Expense Ratio.............................0.00 Combined Loss & Exp. Ratio...............0.00 Return on Equity..................................5.79
–$325,000
2008
–$188,000
SEE each risk and validate prior to quoting
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2008
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 070-115 2011 CUW Experience.indd 109
73.36
Growth Rate (NPW)............................11.17 % of Market (NPW)..............................5.96 Earned Loss Ratio..............................80.58 Total Expense Ratio...........................22.37 Combined Loss & Exp. Ratio...........102.95 Return on Equity..................................5.25
2009 –$94,530,000 2006 +$132,825,000
B-US
David Derksen, Chief Agent 717 Portage Ave., PO Box 5800 Winnipeg MB R3C 3C9 250-495-4784
2010 Underwriting Performance Summary
576,411,000 543,404,000 398,618,000 33,000 33,000 576,444,000 543,437,000 398,618,000 750,017,000 727,155,000 435,753,000 490,328,000 427,420,000 635,466,000 510,368,000 505,879,000 310,459,000 1,750,713,000 1,660,454,000 1,381,678,000 7,626,000 7,626,000 1,744,000 ——————— ——————— ——————— 2,334,783,000 2,211,517,000 1,782,040,000 2,100,279,000 1,993,172,000 1,652,516,000 1,894,783,000 1,856,462,000 1,446,334,000 1,836,013,000 1,785,568,000 1,235,290,000 1,764,389,000 1,709,401,000 1,184,355,000
Reinsurance Assumed............ 1,274,530,000 Reinsurance Ceded................. 1,322,452,000 Net Premiums Written............. 2,334,783,000 Net Premiums Earned............. 2,211,517,000 Net Claims & Adj Exp.............. 1,782,040,000 Commissions.............................. 233,616,000 Taxes............................................ 70,825,000 General Expenses...................... 190,305,000 Undwrwtg. Profit/Loss............... –65,269,000 Investment Income..................... 142,658,000
–404.17 59.22 ————— 55.89 48.08 40.57 34.41 27.45
Growth Rate (NPW)............................ –0.02 % of Market (NPW)..............................0.27 Earned Loss Ratio..............................55.89 Total Expense Ratio...........................44.24 Combined Loss & Exp. Ratio...........100.13 Return on Equity................................10.80
20,000 Liability............................... ——————— ——————— ——————— 0 0 20,000 Total 2010........................... Total 2009........................... 0 0 –105,000 Total 2008........................... 0 0 –115,000 Total 2007........................... 0 0 1,168,000
William Goings, TD Bank Financial Group, President and CEO Richmond Adelaide Center 120 Adelaide St W 2th Floor Toronto ON M5H 1T1 www.tdinsurance.com service@melochemonnex.com
45.76 45.76 0.00 0.00
Growth: –5.86%
TIG INSURANCE COMPANY TD GENERAL INSURANCE
Earned Loss Ratio %
+$3,906,000
Powered by Compu-Quote 109
17/05/11 9:04 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
TOKIO MARINE & NICHIDO FIRE INSURANCE CO., LTD.
B-F
Jane Gardner, Chief Agent 105 Adelaide St. W., P.O. Box 219A Toronto ON M5H 1P9 416-350-4400 Fax:416-350-4412
2010 Direct Premiums Written: +19,322,000 2010 Underwriting Performance Summary
Reinsurance Assumed................... 9,922,000 Reinsurance Ceded........................ 3,383,000 Net Premiums Written.................. 26,081,000 Net Premiums Earned.................. 25,416,000 Net Claims & Adj Exp................... 19,411,000 Commissions.................................. 3,570,000 Taxes................................................. 625,000 General Expenses.......................... 5,229,000 Undwrwtg. Profit/Loss................. –3,419,000 Investment Income......................... 2,214,000
2009 2006
–1.56 100.05 97.62 42.18 71.25 94.94 123.28 89.51 0.43 338.68 106.90 13.91 ————— 76.37 83.58 72.63 100.91 47.63
Growth: –2.69% %
Growth Rate (NPW)..............................2.90 % of Market (NPW)..............................0.07 Earned Loss Ratio..............................76.37 Total Expense Ratio...........................37.08 Combined Loss & Exp. Ratio...........113.45 Return on Equity................................ –1.38
–$4,703,000 +$5,136,000
2008
–$1,889,000
TRAVELERS CANADA
B-C
ST. PAUL FIRE & MARINE INSURANCE COMPANY TRAVELERS GUARANTEE COMPANY OF CANADA
Prop. - Personal................. 5,887,000 5,840,000 4,141,000 Prop. - Commercial............ 50,898,000 54,421,000 47,057,000 Prop - Total ....................... 56,785,000 60,261,000 51,198,000 Aircraft................................ 713,000 Auto. - Liability................... 30,823,000 29,866,000 24,770,000 Auto. - Pers. Acc................ 4,437,000 4,186,000 –3,115,000 Auto. - Other....................... 12,734,000 12,571,000 8,602,000 Auto - Total ....................... 47,994,000 46,623,000 30,257,000 Boiler & Machinery............. 3,573,000 15,975,000 9,727,000 Credit.................................. –5,000 Fidelity................................ 10,045,000 9,990,000 –1,880,000 Liability............................... 94,819,000 100,295,000 52,512,000 Surety................................. 84,889,000 86,131,000 24,772,000 Title..................................... 58,000 Marine................................. 11,534,000 11,717,000 1,347,000 ——————— ——————— ——————— Total 2010........................... 309,697,000 330,992,000 168,641,000 Total 2009........................... 326,159,000 354,364,000 127,279,000 Total 2008........................... 352,197,000 371,595,000 212,429,000 Total 2007........................... 412,069,000 384,604,000 173,818,000 Total 2006........................... 378,894,000 362,985,000 192,673,000
2010 Direct Premiums Written: +365,555,000 2010 Underwriting Performance Summary
Reinsurance Assumed................. 11,190,000 Reinsurance Ceded...................... 67,048,000 Net Premiums Written................ 309,697,000 Net Premiums Earned................ 330,992,000 Net Claims & Adj Exp................. 168,641,000 Commissions................................ 61,084,000 Taxes............................................ 13,253,000 General Expenses........................ 57,914,000 Undwrwtg. Profit/Loss................. 32,294,000 Investment Income....................... 62,401,000
Underwriting Result 2010 +$32,294,000 2007 +$83,090,000
TRISURA GUARANTEE INSURANCE COMPANY
Growth: 126.14% %
Growth Rate (NPW)............................ –5.05 % of Market (NPW)..............................0.79 Earned Loss Ratio..............................50.95 Total Expense Ratio...........................39.96 Combined Loss & Exp. Ratio.............90.91 Return on Equity..................................7.98
2009 +$101,979,000 2006 +$56,857,000
2008
+$32,670,000
TRITON INSURANCE
75,000 50,000 11,000 Prop. - Commercial............ Prop - Total ....................... 75,000 50,000 11,000 Boiler & Machinery............. 5,305,000 3,746,000 527,000 Fidelity................................ 1,919,000 1,596,000 310,000 Liability............................... 9,216,000 8,061,000 2,302,000 Surety................................. 15,463,000 14,932,000 1,361,000 ——————— ——————— ——————— 31,978,000 28,385,000 4,511,000 Total 2010........................... Total 2009........................... 25,003,000 21,362,000 5,801,000 Total 2008........................... 22,157,000 15,720,000 4,420,000 Total 2007........................... 11,443,000 8,672,000 4,008,000
2010 Direct Premiums Written: +44,343,000 2010 Underwriting Performance Summary
Reinsurance Assumed........................ 47,000 Reinsurance Ceded...................... 12,505,000 Net Premiums Written.................. 31,978,000 Net Premiums Earned.................. 28,385,000 Net Claims & Adj Exp..................... 4,511,000 Commissions.................................. 7,136,000 Taxes.............................................. 1,265,000 General Expenses........................ 10,988,000 Undwrwtg. Profit/Loss................... 5,530,000 Investment Income......................... 3,190,000
2009
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22.00 22.00 14.07 19.42 28.56 9.11 ————— 15.89 27.16 28.12 46.22
Growth: 22.31% %
Growth Rate (NPW)............................27.90 % of Market (NPW)..............................0.08 Earned Loss Ratio..............................15.89 Total Expense Ratio...........................68.31 Combined Loss & Exp. Ratio.............84.20 Return on Equity................................17.37
+$2,510,000
70.91 86.47 84.96 0.00 82.94 –74.41 68.43 64.90 60.89 0.00 –18.82 52.36 28.76 0.00 11.50 ————— 50.95 35.92 57.17 45.19 53.08
B-C
Robert Taylor, Co-CEO Michael George, Co-CEO Bay Adelaide Centre 333 Bay St Suite 1610, Box 22 Toronto ON M5H 2R2 416-214-2555 www.trisura.com
Underwriting Result 2010 +$5,530,000 2007 –$2,614,000
Earned Loss Ratio %
George Petropoulos, President & Chief Executive Officer 20 Queen St W Suite 300 PO Box 6 Toronto ON M5H 3R3 416-360-8183 Fax:416-360-8267 www.travelerscanada.ca
191,000 192,000 –3,000 Prop. - Personal................. Prop. - Commercial............ 8,137,000 7,827,000 7,831,000 Prop - Total ....................... 8,328,000 8,019,000 7,828,000 Aircraft................................ 8,541,000 8,252,000 3,481,000 Auto. - Liability................... 2,518,000 2,438,000 1,737,000 Auto. - Pers. Acc................ 1,245,000 1,226,000 1,164,000 Auto. - Other....................... 1,116,000 1,121,000 1,382,000 Auto - Total ....................... 4,879,000 4,785,000 4,283,000 Boiler & Machinery............. 240,000 230,000 1,000 Fidelity................................ 109,000 106,000 359,000 Liability............................... 3,036,000 3,118,000 3,333,000 Marine................................. 948,000 906,000 126,000 ——————— ——————— ——————— 26,081,000 25,416,000 19,411,000 Total 2010........................... Total 2009........................... 25,345,000 26,786,000 22,388,000 Total 2008........................... 29,364,000 27,784,000 20,179,000 Total 2007........................... 25,556,000 26,736,000 26,980,000 Total 2006........................... 27,195,000 27,982,000 13,328,000
Underwriting Result 2010 –$3,419,000 2007 –$9,507,000
Net Claims and Adjusting Expenses $
2008
+$188,000
D-F
Henryka Anderson, Chief Agent 355 Wellington St London ON N6A 3N7 519-680-4738 Fax:866-897-8985 Prop. - Personal................. 899,000 12,221,000 1,415,000 Prop - Total ....................... 899,000 12,221,000 1,415,000 Fidelity................................ 19,000 19,000 Liability............................... 9,000 Accident & Sickness........... 8,054,000 29,254,000 9,830,000 ——————— ——————— ——————— Total 2010........................... 8,972,000 41,494,000 11,254,000 Total 2009........................... 26,798,000 54,065,000 17,087,000 Total 2008........................... 166,862,000 25,755,000 4,749,000
2010 Direct Premiums Written: +21,636,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded...................... 12,664,000 Net Premiums Written.................... 8,972,000 Net Premiums Earned.................. 41,494,000 Net Claims & Adj Exp................... 11,254,000 Commissions.................................. 4,236,000 Taxes................................................. 968,000 General Expenses.......................... 2,983,000 Undwrwtg. Profit/Loss................. 22,053,000 Investment Income....................... 12,327,000
Underwriting Result 2010 +$22,053,000
2009
11.58 11.58 0.00 33.60 ————— 27.12 31.60 18.44
Growth: –52.13% %
Growth Rate (NPW).......................... –66.52 % of Market (NPW)..............................0.02 Earned Loss Ratio..............................27.12 Total Expense Ratio...........................19.73 Combined Loss & Exp. Ratio.............46.85 Return on Equity................................36.70
+$19,802,000
2008
+$7,142,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 9:05 AM
Whether your client’s construction company is large, small or something in between, we cover it. Small construction companies are different from mid-size companies. And they’re both different from the big guys. That's why, at Travelers Canada, we have dedicated account executives, risk control and claims specialists with an in-depth knowledge of construction companies of every size. So, whether we’re talking about one employee or one thousand, we’ll work together with you to build insurance and surety programs to meet your needs. Contact your Travelers representative to learn more about our construction and surety products including contract, commercial, developer and B.C. New Home Warranty. No matter what size the construction company, we’re ready to work with you. Travelers Canada: Surety, Business Insurance and Financial and Professional Services. ©2011 St. Paul Fire & Marine Insurance Company and Travelers Guarantee Company of Canada are the Canadian licensed insurers known as Travelers Canada.
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travelerscanada.ca
17/05/11 9:05 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
L’UNIQUE COMPAGNIE D’ASSURANCES GENERALES
B-C
Jean Tardif, President et chef de l’exploitation 925 Grand Allee Ouest Quebec QC G1S 1C1 418-683-2711 Fax:418-688-9684 jeantardif@lunique.qc.ca
2010 Direct Premiums Written: +135,409,000 2010 Underwriting Performance Summary
Underwriting Result 2010 +$4,034,000 2007 +$5,151,000
2009 2006
Earned Loss Ratio %
THE WAWANESA MUTUAL INSURANCE COMPANY
B-C
Kenneth E McCrea, President & Chief Executive Officer 191 Broadway Winnipeg MB R3C 3P1 204-985-3923 Fax:204-942-7724 www.wawanesa.com
30,742,000 27,901,000 16,737,000 Prop. - Personal................. Prop. - Commercial............ 9,164,000 5,970,000 3,260,000 Prop - Total ....................... 39,906,000 33,871,000 19,997,000 Auto. - Liability................... 26,983,000 25,283,000 12,589,000 Auto. - Pers. Acc................ 5,145,000 5,100,000 9,487,000 Auto. - Other....................... 33,086,000 30,984,000 20,464,000 Auto - Total ....................... 65,214,000 61,367,000 42,540,000 Legal Expense.................... 698,000 698,000 495,000 Liability............................... 3,085,000 3,240,000 1,372,000 Surety................................. 2,879,000 7,658,000 1,000,000 ——————— ——————— ——————— 106,834,000 65,404,000 Total 2010........................... 111,782,000 Total 2009........................... 97,205,000 89,665,000 55,624,000 Total 2008........................... 91,880,000 77,863,000 44,895,000 Total 2007........................... 77,671,000 68,474,000 36,967,000 Total 2006........................... 66,112,000 61,484,000 35,889,000
Reinsurance Assumed................. 73,375,000 Reinsurance Ceded...................... 97,002,000 Net Premiums Written................ 111,782,000 Net Premiums Earned................ 106,834,000 Net Claims & Adj Exp................... 65,404,000 Commissions................................ 12,696,000 Taxes.............................................. 3,616,000 General Expenses........................ 16,975,000 Undwrwtg. Profit/Loss................... 4,034,000 Investment Income......................... 3,437,000
Net Claims and Adjusting Expenses $
59.99 54.61 59.04 49.79 186.02 66.05 69.32 70.92 42.35 13.06 ————— 61.22 62.04 57.66 53.99 58.37
Growth: 11.78% %
Growth Rate (NPW)............................15.00 % of Market (NPW)..............................0.29 Earned Loss Ratio..............................61.22 Total Expense Ratio...........................31.16 Combined Loss & Exp. Ratio.............92.38 Return on Equity................................12.15
+$6,701,000 +$2,265,000
2008
+$2,889,000
520,248,000 387,504,000 Prop. - Personal................. 560,117,000 Prop. - Commercial............ 185,195,000 176,307,000 118,011,000 Prop - Total ....................... 745,312,000 696,555,000 505,515,000 Auto. - Liability................... 518,989,000 498,838,000 363,664,000 Auto. - Pers. Acc................ 203,644,000 191,975,000 216,497,000 Auto. - Other....................... 381,591,000 369,381,000 241,260,000 Auto - Total ....................... 1,104,224,000 1,060,194,000 821,421,000 Boiler & Machinery............. –4,000 Liability............................... 33,571,000 32,472,000 20,661,000 ——————— ——————— ——————— Total 2010........................... 1,883,107,000 1,789,221,000 1,347,593,000 Total 2009........................... 1,694,037,000 1,610,616,000 1,265,024,000 Total 2008........................... 1,614,504,000 1,561,358,000 1,243,275,000 Total 2007........................... 1,466,192,000 1,439,624,000 1,066,566,000 Total 2006........................... 1,417,045,000 1,374,215,000 940,307,000
2010 Direct Premiums Written: +1,936,951,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded...................... 53,844,000 Net Premiums Written............. 1,883,107,000 Net Premiums Earned............. 1,789,221,000 Net Claims & Adj Exp.............. 1,347,593,000 Commissions.............................. 296,744,000 Taxes............................................ 59,764,000 General Expenses...................... 142,259,000 Undwrwtg. Profit/Loss............... –30,180,000 Investment Income..................... 202,671,000
Underwriting Result 2010 –$30,180,000 2007 –$45,006,000
2009 2006
Growth: 11.60% %
Growth Rate (NPW)............................11.16 % of Market (NPW)..............................4.80 Earned Loss Ratio..............................75.32 Total Expense Ratio...........................27.88 Combined Loss & Exp. Ratio...........103.20 Return on Equity..................................6.41
–$77,114,000 +$49,222,000
2008
–$84,406,000
WESTERN SURETY COMPANY UTICA MUTUAL INSURANCE COMPANY LIMITED
B-US
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax:905-853-0183 –398,000 Liability............................... ——————— ——————— ——————— 0 0 –398,000 Total 2010........................... Total 2009........................... 0 0 –55,000 Total 2008........................... –4,000 –4,000 –38,000 Total 2007........................... 7,000 7,000 –309,000 Total 2006........................... –13,000 285,000 443,000
0.00 ————— 950.00 –4,414.29 155.44
2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................................ Net Premiums Written.................................. 0 Net Premiums Earned.................................. 0 Net Claims & Adj Exp...................... –398,000 Commissions................................................ 0 Taxes............................................................ 0 General Expenses............................. 193,000 Undwrwtg. Profit/Loss...................... 205,000 Investment Income.............................. 79,000
Underwriting Result 2010 +$205,000 2007 +$103,000
2009 2006
%
Growth Rate (NPW)..............................0.00 % of Market (NPW)..............................0.00 Earned Loss Ratio................................0.00 Total Expense Ratio.............................0.00 Combined Loss & Exp. Ratio...............0.00 Return on Equity..................................4.88
–$128,000 –$379,000
2008
–$144,000
74.48 66.93 72.57 72.90 112.77 65.31 77.48 0.00 63.63 ————— 75.32 78.54 79.63 74.09 68.43
D-C
Scott W Donald, President & Chief Executive Officer P.O. Box 527, 2000-1874 Scarth St. Regina SK S4P 2G8 306-791-3735 Fax:306-359-0929 www.westernsurety.ca sdonald@westernsurety.ca 6,000 6,000 Fidelity................................ Surety................................. 13,904,000 12,955,000 5,226,000 ——————— ——————— ——————— 13,910,000 12,961,000 5,226,000 Total 2010........................... Total 2009........................... 11,992,000 11,082,000 1,525,000 Total 2008........................... 10,688,000 10,618,000 1,197,000 Total 2007........................... 10,307,000 10,219,000 –18,000 Total 2006........................... 10,104,000 9,102,000 231,000
2010 Direct Premiums Written: +23,390,000 2010 Underwriting Performance Summary
Reinsurance Assumed...................... 106,000 Reinsurance Ceded........................ 9,586,000 Net Premiums Written.................. 13,910,000 Net Premiums Earned.................. 12,961,000 Net Claims & Adj Exp..................... 5,226,000 Commissions.................................. 8,112,000 Taxes................................................. 496,000 General Expenses.......................... 1,533,000 Undwrwtg. Profit/Loss................. –2,406,000 Investment Income......................... 1,361,000
Underwriting Result 2010 –$2,406,000 2007 +$2,127,000
2009 2006
40.34 ————— 40.32 13.76 11.27 –0.18 2.54
Growth: 23.20% %
Growth Rate (NPW)............................15.99 % of Market (NPW)..............................0.04 Earned Loss Ratio..............................40.32 Total Expense Ratio...........................78.24 Combined Loss & Exp. Ratio...........118.56 Return on Equity................................ –4.26
+$1,334,000 +$1,759,000
2008
+$1,378,000
Business. Delivered by Compu-Quote Individually Rated Commercial Automobiles www.compu-quote.com 112
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A canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
31/05/11 11:55 AM
Commercial Insurance Our commercial insurance products are designed to meet the needs of small and medium businesses across a multitude of industries, including: • Manufacturing • Wholesale • Retail • Trades • Services Contact your Wawanesa representative for all your commercial property, liability and automobile needs.
www.wawanesa.com Auto – Home – Business – Farm – Life and Group
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Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
XL INSURANCE
B-UK
Cindy Guyatt, Country Manager & Chief Agent 100 Yonge St, Suite 1802 Toronto ON M5C 2W1 416-928-8561 Fax:416-928-8858 www.xlinsurance 9,956,000 7,709,000 –1,830,000 Prop. - Commercial............ Prop - Total ....................... 9,956,000 7,709,000 –1,830,000 Aircraft................................ 9,294,000 6,163,000 4,787,000 Auto. - Liability................... 231,000 252,000 62,000 Auto - Total ....................... 231,000 252,000 62,000 Boiler & Machinery............. –60,000 4,727,000 5,734,000 Liability............................... 66,485,000 63,681,000 40,619,000 Marine................................. 630,000 586,000 268,000 ——————— ——————— ——————— 86,536,000 83,118,000 49,640,000 Total 2010........................... Total 2009........................... 89,729,000 89,226,000 49,967,000 Total 2008........................... 92,738,000 86,417,000 49,341,000 Total 2007........................... 100,801,000 86,520,000 34,278,000 Total 2006........................... 79,130,000 82,207,000 47,423,000
2010 Direct Premiums Written: +108,610,000 2010 Underwriting Performance Summary
Reinsurance Assumed...................... 825,000 Reinsurance Ceded...................... 22,899,000 Net Premiums Written.................. 86,536,000 Net Premiums Earned.................. 83,118,000 Net Claims & Adj Exp................... 49,640,000 Commissions.................................. 9,369,000 Taxes.............................................. 4,402,000 General Expenses........................ 15,043,000 Undwrwtg. Profit/Loss................... 4,658,000 Investment Income......................... 9,823,000
Underwriting Result 2010 +$4,658,000 2007 +$26,342,000
2009 2006
–23.74 –23.74 77.67 24.60 24.60 121.30 63.79 45.73 ————— 59.72 56.00 57.10 39.62 57.69
Growth: –1.72% %
Growth Rate (NPW)............................ –3.56 % of Market (NPW)..............................0.22 Earned Loss Ratio..............................59.72 Total Expense Ratio...........................34.67 Combined Loss & Exp. Ratio.............94.39 Return on Equity..................................4.35
+$10,176,000 +$11,943,000
2008
+$9,971,000
B-C
Martin Delage, President & COO 7150 Derrycrest Dr Mississauga ON L5W 0E5 905-677-9777 Fax:905-795-0887
Earned Loss Ratio %
ZURICH INSURANCE COMPANY LTD (CANADIAN BRANCH) B-F Alister Campbell, President & C.E.O. 400 University Ave. Toronto ON M5G 1S7 416-586-3000 Fax:416-586-2990 www.zurichcanada.com
25,000 Prop. - Personal................. Prop. - Commercial............ 233,891,000 233,261,000 173,290,000 Prop - Total ....................... 233,891,000 233,261,000 173,315,000 Auto. - Liability................... 110,879,000 109,622,000 113,383,000 Auto. - Pers. Acc................ 20,249,000 21,016,000 26,050,000 Auto. - Other....................... 52,338,000 54,035,000 30,968,000 Auto - Total ....................... 183,466,000 184,673,000 170,401,000 Boiler & Machinery............. 18,680,000 19,100,000 6,930,000 Fidelity................................ 1,598,000 1,608,000 –655,000 Liability............................... 213,024,000 205,376,000 111,197,000 Other Apprvd. Prod............ 450,000 –34,000 –1,000 Surety................................. 33,000 23,000 115,000 Marine................................. 194,000 222,000 199,000 ——————— ——————— ——————— 644,229,000 461,501,000 Total 2010........................... 651,336,000 Total 2009........................... 579,006,000 592,490,000 448,912,000 Total 2008........................... 615,151,000 611,182,000 407,858,000 Total 2007........................... 659,155,000 671,462,000 484,463,000 Total 2006........................... 676,598,000 664,144,000 453,551,000
2010 Direct Premiums Written: +898,267,000 2010 Underwriting Performance Summary
YORK FIRE & CASUALTY INSURANCE COMPANY
Reinsurance Assumed............... 144,111,000 Reinsurance Ceded.................... 397,272,000 Net Premiums Written................ 651,336,000 Net Premiums Earned................ 644,229,000 Net Claims & Adj Exp................. 461,501,000 Commissions................................ 63,439,000 Taxes............................................ 29,136,000 General Expenses........................ 82,949,000 Undwrwtg. Profit/Loss................... 7,793,000 Investment Income....................... 78,191,000
Underwriting Result 2010 +$7,793,000 2007 +$12,201,000
2009 2006
0.00 74.29 74.30 103.43 123.95 57.31 92.27 36.28 –40.73 54.14 2.94 500.00 89.64 ————— 71.64 75.77 66.73 72.15 68.29
Growth: 9.68% %
Growth Rate (NPW)............................12.49 % of Market (NPW)..............................1.66 Earned Loss Ratio..............................71.64 Total Expense Ratio...........................27.25 Combined Loss & Exp. Ratio.............98.89 Return on Equity................................11.45
–$23,107,000 +$46,503,000
2008
+$31,687,000
Ingenuity.
32,522,000 32,309,000 21,506,000 Prop. - Personal................. Prop. - Commercial............ 6,449,000 5,833,000 4,009,000 Prop - Total ....................... 38,971,000 38,142,000 25,515,000 Auto. - Liability................... 34,560,000 34,718,000 24,196,000 Auto. - Pers. Acc................ 14,339,000 10,835,000 20,306,000 Auto. - Other....................... 44,073,000 34,746,000 23,850,000 Auto - Total ....................... 92,972,000 80,299,000 68,352,000 Legal Expense.................... 859,000 859,000 605,000 Liability............................... 3,384,000 2,791,000 390,000 Surety................................. 1,412,000 1,458,000 605,000 ——————— ——————— ——————— 123,549,000 95,467,000 Total 2010........................... 137,598,000 Total 2009........................... 128,172,000 98,390,000 81,290,000 Total 2008........................... 77,677,000 50,735,000 56,041,000 Total 2007........................... 43,468,000 50,738,000 34,524,000 Total 2006........................... 71,520,000 74,719,000 53,453,000
2010 Direct Premiums Written: +129,807,000 2010 Underwriting Performance Summary
Reinsurance Assumed............... 102,843,000 Reinsurance Ceded...................... 95,052,000 Net Premiums Written................ 137,598,000 Net Premiums Earned................ 123,549,000 Net Claims & Adj Exp................... 95,467,000 Commissions................................ 19,582,000 Taxes.............................................. 3,945,000 General Expenses........................ 14,771,000 Undwrwtg. Profit/Loss................. –7,132,000 Investment Income....................... 10,953,000
Underwriting Result 2010 –$7,132,000 2007 –$3,690,000
Net Claims and Adjusting Expenses $
2009 2006
114
66.56 68.73 66.89 69.69 187.41 68.64 85.12 70.43 13.97 41.50 ————— 77.27 82.62 110.46 68.04 71.54
Get in the fast lane
Growth: 13.33% %
Growth Rate (NPW)..............................7.35 % of Market (NPW)..............................0.35 Earned Loss Ratio..............................77.27 Total Expense Ratio...........................31.00 Combined Loss & Exp. Ratio...........108.27 Return on Equity..................................3.28
–$10,748,000 –$163,000
2008
–$37,833,000
www.compu-quote.com
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
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” To track our fleet we use satellites and sophisticated monitors. To track our insurance claims, we simply call Sue at Zurich.” Tony Sharp, Senior Manager, Ozark Trucking Inc.
Efficient claims process to help businesses meet their goals. We’re helping Ozark Trucking by providing a single point of contact to handle their claims quickly and simply, the moment they arise. Because, with a fleet that covers 6.5 million miles a year, Ozark has enough to track. It’s an example of how Zurich HelpPoint delivers the help businesses need when it matters most. Watch the video to learn more. www.zurichcanada.com
Because change happenz®, Zurich® and Zurich HelpPoint® are trademarks of Zurich Insurance Company Ltd.
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Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
2010 REINSURANCE COMPANIES RESULTS
ALEA (BERMUDA) LTD
R-F
H. Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 416-366-3012 Fax:416-368-0886 sfrye@cooksonwalker.on.ca 1,000 1,000 –228,000 –22,800.00 Prop. - Personal................. Prop. - Commercial............ –218,000 0.00 Prop - Total ....................... 1,000 1,000 –446,000 –44,600.00 Auto. - Liability................... 1,000 1,000 889,000 88,900.00 Auto - Total ....................... 1,000 1,000 889,000 88,900.00 Liability............................... 20,000 22,000 –964,000 –4,381.82 Surety................................. 21,000 0.00 ——————— ——————— ——————— ————— 22,000 24,000 –500,000 –2,083.33 Total 2010........................... Total 2009........................... 42,000 43,000 399,000 927.91 Total 2008........................... 124,000 126,000 686,000 544.44 Total 2007........................... 155,000 160,000 –923,000 –576.88 Total 2006........................... –67,000 –68,000 –1,100,000 1,617.65
2010 Underwriting Performance Summary
Reinsurance Assumed........................ 22,000 Reinsurance Ceded........................................ Net Premiums Written......................... 22,000 Net Premiums Earned......................... 24,000 Net Claims & Adj Exp...................... –500,000 Commissions....................................... 54,000 Taxes............................................................ 0 General Expenses............................. 365,000 Undwrwtg. Profit/Loss...................... 105,000 Investment Income............................ 500,000
Underwriting Result 2010: +$105,000 2007: +$600,000
2009: 2006:
%
Growth Rate (NPW).......................... –47.62 % of Market (NPW)..............................0.00 Earned Loss Ratio....................... –2,083.33 Total Expense Ratio......................1,745.83 Combined Loss & Exp. Ratio......... –337.50 Return on Equity..................................4.18
–$877,000 +$630,000
2008:
–$1,076,000
R-UK
Scotia Plaza 2100 40 King St W Toronto ON M5H 3C2
5,958,000 5,919,000 4,147,000 Prop. - Personal................. Prop. - Commercial............ 11,661,000 11,853,000 7,526,000 Prop - Total ....................... 17,619,000 17,772,000 11,673,000 Aircraft................................ 741,000 743,000 852,000 Auto. - Liability................... 5,026,000 4,775,000 949,000 Auto. - Pers. Acc................ 2,112,000 1,871,000 2,058,000 Auto. - Other....................... 2,923,000 2,712,000 2,261,000 Auto - Total ....................... 10,061,000 9,358,000 5,268,000 Boiler & Machinery............. 177,000 177,000 6,000 Fidelity................................ 352,000 257,000 22,000 Liability............................... 17,178,000 17,617,000 11,698,000 Surety................................. 1,750,000 1,420,000 271,000 Marine................................. 112,000 63,000 41,000 Accident & Sickness........... –18,000 ——————— ——————— ——————— 47,990,000 47,407,000 29,813,000 Total 2010........................... Total 2009........................... 46,095,000 46,211,000 32,561,000 Total 2008........................... 39,553,000 40,530,000 31,577,000 Total 2007........................... 40,393,000 41,032,000 25,565,000 Total 2006........................... 44,494,000 43,336,000 25,694,000
Reinsurance Assumed................. 55,015,000 Reinsurance Ceded........................ 7,025,000 Net Premiums Written.................. 47,990,000 Net Premiums Earned.................. 47,407,000 Net Claims & Adj Exp................... 29,813,000 Commissions................................ 11,777,000 Taxes................................................. 202,000 General Expenses.......................... 3,345,000 Undwrwtg. Profit/Loss................... 2,270,000 Investment Income......................... 5,263,000
Underwriting Result 2010: +$2,270,000 2007: +$1,327,000
8,005,000 12,310,000 7,444,000 Prop. - Commercial............ Prop - Total ....................... 8,005,000 12,310,000 7,444,000 Aircraft................................ 2,050,000 2,237,000 –68,000 Auto. - Liability................... 4,938,000 4,649,000 2,902,000 Auto - Total ....................... 4,938,000 4,649,000 2,902,000 Liability............................... 33,581,000 33,713,000 27,448,000 Marine................................. 678,000 1,136,000 –3,076,000 ——————— ——————— ——————— 49,252,000 54,045,000 34,650,000 Total 2010........................... Total 2009........................... 65,449,000 72,567,000 62,219,000
2010 Direct Premiums Written: +31,097,000
60.47 60.47 –3.04 62.42 62.42 81.42 –270.77 ————— 64.11 85.74
Growth: 4.81%
2010 Underwriting Performance Summary
Reinsurance Assumed................. 27,430,000 Reinsurance Ceded........................ 9,275,000 Net Premiums Written.................. 49,252,000 Net Premiums Earned.................. 54,045,000 Net Claims & Adj Exp................... 34,650,000 Commissions.................................. 8,357,000 Taxes............................................................ 0 General Expenses.......................... 7,828,000 Undwrwtg. Profit/Loss................... 3,210,000 Investment Income......................... 5,110,000
2009:
R-F
André Fredette, Senior Vice President & Chief Agent 181 University Ave Suite 2110 Toronto ON M5H 3M7 416-644-0821 Fax:416-644-0822 www.ccr.fr afredette@ccr.fr
2010 Underwriting Performance Summary
ASPEN INSURANCE UK LIMITED
Underwriting Result 2010: +$3,210,000
CAISSE CENTRALE DE REASSURANCE
%
Growth Rate (NPW).......................... –24.75 % of Market (NPW)..............................0.12 Earned Loss Ratio..............................64.11 Total Expense Ratio...........................29.95 Combined Loss & Exp. Ratio.............94.06 Return on Equity..................................7.80
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p 116-125 2011 CUW Reinsur Comp results.indd 116
%
Growth Rate (NPW)..............................4.11 % of Market (NPW)..............................0.12 Earned Loss Ratio..............................62.89 Total Expense Ratio...........................32.32 Combined Loss & Exp. Ratio.............95.21 Return on Equity..................................9.26
–$505,000 +$2,393,000
2008:
–$4,373,000
ENDURANCE REINSURANCE CORPORATION OF AMERICA
R-F
Philip Cook, Chief Agent 500 - 36 King St E Toronto ON M5C 1E5 416-361-1728 Fax:416-361-6113 –15,000 Prop. - Personal................. Prop. - Commercial............ –48,000 Prop - Total ....................... 0 0 –63,000 Aircraft................................ –1,000 –1,000 –300,000 Auto. - Other....................... –21,000 Auto - Total ....................... 0 0 –21,000 Boiler & Machinery............. –2,000 Fidelity................................ –1,000 –1,000 –1,000 Legal Expense.................... 2,000 2,000 –1,000 Liability............................... –42,000 Surety................................. 16,000 16,000 –133,000 Accident & Sickness........... –6,000 ——————— ——————— ——————— 16,000 16,000 –569,000 Total 2010........................... Total 2009........................... 96,000 96,000 –2,622,000
2010 Underwriting Performance Summary
–$1,531,000
116
2009: 2006:
70.06 63.49 65.68 114.67 19.87 109.99 83.37 56.29 3.39 8.56 66.40 19.08 65.08 0.00 ————— 62.89 70.46 77.91 62.31 59.29
Reinsurance Assumed........................ 33,000 Reinsurance Ceded............................. 17,000 Net Premiums Written......................... 16,000 Net Premiums Earned......................... 16,000 Net Claims & Adj Exp...................... –569,000 Commissions................................... –169,000 Taxes............................................................ 0 General Expenses............................. 174,000 Undwrwtg. Profit/Loss...................... 580,000 Investment Income............................ 174,000
Underwriting Result 2010: +$580,000
2009:
0.00 0.00 30,000.00 0.00 0.00 100.00 –50.00 0.00 –831.25 0.00 ————— –3,556.25 –2,731.25
%
Growth Rate (NPW).......................... –83.33 % of Market (NPW)..............................0.00 Earned Loss Ratio....................... –3,556.25 Total Expense Ratio...........................31.25 Combined Loss & Exp. Ratio...... –3,525.00 Return on Equity..................................3.61
+$2,277,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 9:09 AM
p 116-125 2011 CUW Reinsur Comp results.indd 117
17/05/11 9:10 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
EVEREST REINSURANCE COMPANY R-US William G. Jonas, Chief Agent The Exchange Tower, P.O. Box 431 130 King St. W., Suite 2520 Toronto ON M5X 1E3 416-862-1228 Fax:416-366-5899 9,358,000 9,875,000 4,344,000 Prop. - Personal................. Prop. - Commercial............ 33,928,000 36,178,000 25,564,000 Prop - Total ....................... 43,286,000 46,053,000 29,908,000 Aircraft................................ 894,000 950,000 692,000 Auto. - Liability................... 39,614,000 35,365,000 22,484,000 Auto. - Other....................... 3,739,000 3,746,000 1,312,000 Auto - Total ....................... 43,353,000 39,111,000 23,796,000 Boiler & Machinery............. 630,000 662,000 103,000 Credit.................................. 736,000 Fidelity................................ 606,000 558,000 122,000 Hail..................................... 1,719,000 1,656,000 277,000 Liability............................... 51,190,000 48,526,000 30,822,000 Surety................................. 6,895,000 6,156,000 3,348,000 Marine................................. 204,000 316,000 117,000 Accident & Sickness........... 5,922,000 5,922,000 1,434,000 ——————— ——————— ——————— 149,910,000 91,355,000 Total 2010........................... 154,699,000 Total 2009........................... 136,057,000 131,860,000 81,632,000 Total 2008........................... 101,469,000 111,094,000 86,674,000 Total 2007........................... 142,971,000 152,271,000 69,387,000 Total 2006........................... 157,255,000 154,518,000 87,930,000
43.99 70.66 64.94 72.84 63.58 35.02 60.84 15.56 0.00 21.86 16.73 63.52 54.39 37.03 24.21 ————— 60.94 61.91 78.02 45.57 56.91
Reinsurance Assumed............... 211,595,000 Reinsurance Ceded...................... 56,596,000 Net Premiums Written................ 154,699,000 Net Premiums Earned................ 149,910,000 Net Claims & Adj Exp................... 91,355,000 Commissions................................ 30,720,000 Taxes............................................................ 0 General Expenses.......................... 6,396,000 Undwrwtg. Profit/Loss................. 21,439,000 Investment Income....................... 23,124,000
Underwriting Result 2010: +$21,439,000 2007: +$42,638,000
%
Growth Rate (NPW)............................13.70 % of Market (NPW)..............................0.39 Earned Loss Ratio..............................60.94 Total Expense Ratio...........................24.76 Combined Loss & Exp. Ratio.............85.70 Return on Equity................................11.03
2009: +$18,117,000 2006: +$26,110,000
2008:
–$3,930,000
Ingenuity. Get in the fast lane www.compu-quote.com
FARM MUTUAL REINSURANCE PLAN R-C G.S. (Steve) Smith, President 350 Pinebush Rd, PO Box 3428 Cambridge ON N3H 4T3 519-740-6415 Fax:519-740-8852 58,003,000 57,753,000 50,415,000 Prop. - Personal................. Prop - Total ....................... 58,003,000 57,753,000 50,415,000 Auto. - Liability................... 37,585,000 35,638,000 42,029,000 Auto - Total ....................... 37,585,000 35,638,000 42,029,000 Boiler & Machinery............. –1,000 –1,000 5,000 Liability............................... 20,912,000 20,517,000 22,866,000 Accident & Sickness........... 67,000 81,000 10,000 ——————— ——————— ——————— 113,988,000 115,325,000 Total 2010........................... 116,566,000 Total 2009........................... 107,826,000 115,947,000 107,924,000 Total 2008........................... 146,299,000 146,449,000 187,225,000 Total 2007........................... 134,069,000 136,119,000 153,904,000 Total 2006........................... 136,544,000 137,709,000 119,897,000
87.29 87.29 117.93 117.93 –500.00 111.45 12.35 ————— 101.17 93.08 127.84 113.07 87.07
2010 Underwriting Performance Summary
Reinsurance Assumed............... 181,912,000 Reinsurance Ceded...................... 65,346,000 Net Premiums Written................ 116,566,000 Net Premiums Earned................ 113,988,000 Net Claims & Adj Exp................. 115,325,000 Commissions................................ 11,545,000 Taxes............................................................ 0 General Expenses.......................... 9,575,000 Undwrwtg. Profit/Loss............... –22,457,000 Investment Income....................... 39,422,000
Underwriting Result 2010: –$22,457,000 2007: –$39,622,000
2009: 2006:
%
Growth Rate (NPW)..............................8.11 % of Market (NPW)..............................0.30 Earned Loss Ratio............................101.17 Total Expense Ratio...........................18.53 Combined Loss & Exp. Ratio...........119.70 Return on Equity..................................9.18
–$9,993,000 –$6,795,000
118
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Earned Loss Ratio %
GENERAL REINSURANCE CORPORATION
R-US
Christopher Walton, Vice-President & Chief Agent For Canada 1 First Canadian Place Suite 5705, P.O. Box 471 Toronto ON M5X 1E4 416-869-0490 Fax:416-360-2020 www.genre.com 1,998,000 2,215,000 Prop. - Personal................. Prop. - Commercial............ 38,516,000 36,967,000 9,170,000 Prop - Total ....................... 40,514,000 39,182,000 9,170,000 Aircraft................................ 1,083,000 1,156,000 287,000 Auto. - Liability................... 7,885,000 7,645,000 1,807,000 Auto. - Pers. Acc................ 1,000 1,000 –22,000 Auto. - Other....................... 434,000 508,000 –22,000 Auto - Total ....................... 8,320,000 8,154,000 1,763,000 Boiler & Machinery............. 92,000 95,000 14,000 Fidelity................................ 1,114,000 1,000,000 330,000 Liability............................... 3,506,000 4,208,000 2,623,000 Surety................................. 135,000 38,000 49,000 Marine................................. 1,537,000 1,651,000 84,000 ——————— ——————— ——————— 56,301,000 55,484,000 14,320,000 Total 2010........................... Total 2009........................... 51,018,000 47,934,000 9,108,000 Total 2008........................... 37,070,000 43,410,000 31,825,000 Total 2007........................... 56,809,000 52,845,000 10,519,000 Total 2006........................... 52,783,000 55,496,000 24,276,000
24.81 23.40 24.83 23.64 –2,200.00 –4.33 21.62 14.74 33.00 62.33 128.95 5.09 ————— 25.81 19.00 73.31 19.91 43.74
2010 Underwriting Performance Summary
2010 Underwriting Performance Summary
Net Claims and Adjusting Expenses $
2008: –$66,354,000
Reinsurance Assumed................. 58,695,000 Reinsurance Ceded........................ 2,394,000 Net Premiums Written.................. 56,301,000 Net Premiums Earned.................. 55,484,000 Net Claims & Adj Exp................... 14,320,000 Commissions.................................. 4,381,000 Taxes................................................... 91,000 General Expenses........................ 12,176,000 Undwrwtg. Profit/Loss................. 24,516,000 Investment Income......................... 5,661,000
Underwriting Result 2010: +$24,516,000 2007: +$26,305,000
%
Growth Rate (NPW)............................10.36 % of Market (NPW)..............................0.14 Earned Loss Ratio..............................25.81 Total Expense Ratio...........................30.01 Combined Loss & Exp. Ratio.............55.82 Return on Equity................................14.39
2009: +$23,049,000 2006: +$13,630,000
2008:
–$3,290,000
HANNOVER RUCKVERSICHERUNG AG
R-F
Laurel E Grant, Chief Agent For Canada c/o D.M. Williams & Associates Ltd. 3650 Victoria Park Ave., Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax:416-496-1089 53,757,000 51,483,000 38,322,000 Prop. - Commercial............ Prop - Total ....................... 53,757,000 51,483,000 38,322,000 Aircraft................................ 100,000 100,000 –18,000 Auto. - Liability................... 20,525,000 20,027,000 15,123,000 Auto - Total ....................... 20,525,000 20,027,000 15,123,000 Boiler & Machinery............. 388,000 710,000 –11,000 Fidelity................................ 558,000 556,000 –72,000 Hail..................................... 211,000 211,000 –1,000 Liability............................... 26,965,000 26,588,000 24,972,000 Surety................................. 15,946,000 14,161,000 9,034,000 Marine................................. 159,000 159,000 71,000 Accident & Sickness........... 4,000 4,000 –85,000 ——————— ——————— ——————— 113,999,000 87,335,000 Total 2010........................... 118,613,000 Total 2009........................... 100,785,000 100,417,000 89,586,000 Total 2008........................... 93,389,000 94,250,000 68,313,000 Total 2007........................... 104,970,000 102,708,000 60,342,000 Total 2006........................... 101,558,000 100,953,000 47,294,000
74.44 74.44 –18.00 75.51 75.51 –1.55 –12.95 –0.47 93.92 63.79 44.65 –2,125.00 ————— 76.61 89.21 72.48 58.75 46.85
2010 Underwriting Performance Summary
Reinsurance Assumed............... 145,543,000 Reinsurance Ceded...................... 26,930,000 Net Premiums Written................ 118,613,000 Net Premiums Earned................ 113,999,000 Net Claims & Adj Exp................... 87,335,000 Commissions................................ 24,554,000 Taxes............................................................ 0 General Expenses.......................... 2,343,000 Undwrwtg. Profit/Loss.................... –233,000 Investment Income....................... 17,335,000
Underwriting Result 2010: –$233,000 2007: +$17,501,000
%
Growth Rate (NPW)............................17.69 % of Market (NPW)..............................0.30 Earned Loss Ratio..............................76.61 Total Expense Ratio...........................23.59 Combined Loss & Exp. Ratio...........100.20 Return on Equity..................................7.00
2009: –$12,113,000 2006: +$24,096,000
2008:
+$3,478,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 9:11 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
MAPFRE RE COMPANIA DE REASEGUROS, S.A.
R-US
V. Lorraine Williams, Chief Agent for Canada 3650 Victoria Park Ave., Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax:416-496-1089 7,565,000 7,670,000 3,714,000 Prop. - Personal................. Prop. - Commercial............ 5,043,000 5,114,000 2,475,000 Prop - Total ....................... 12,608,000 12,784,000 6,189,000 Hail..................................... 3,088,000 2,542,000 1,716,000 Liability............................... 64,000 144,000 –2,000 Surety................................. –1,000 ——————— ——————— ——————— 15,760,000 15,470,000 7,902,000 Total 2010........................... Total 2009........................... 13,096,000 12,928,000 7,756,000 Total 2008........................... 12,830,000 12,228,000 5,460,000 Total 2007........................... 11,695,000 10,571,000 2,995,000 Total 2006........................... 3,587,000 5,230,000 1,641,000
48.42 48.40 48.41 67.51 –1.39 0.00 ————— 51.08 59.99 44.65 28.33 31.38
2010 Underwriting Performance Summary
Reinsurance Assumed................. 25,597,000 Reinsurance Ceded........................ 9,837,000 Net Premiums Written.................. 15,760,000 Net Premiums Earned.................. 15,470,000 Net Claims & Adj Exp..................... 7,902,000 Commissions.................................. 3,277,000 Taxes............................................................ 0 General Expenses............................. 552,000 Undwrwtg. Profit/Loss................... 3,739,000 Investment Income......................... 1,291,000
Underwriting Result 2010: +$3,739,000 2007: +$5,137,000
2009: 2006:
%
Growth Rate (NPW)............................20.34 % of Market (NPW)..............................0.04 Earned Loss Ratio..............................51.08 Total Expense Ratio...........................24.75 Combined Loss & Exp. Ratio.............75.83 Return on Equity................................14.60
+$1,387,000 +$1,498,000
2008:
+$2,676,000
200,000 200,000 –71,000 Prop. - Personal................. Prop. - Commercial............ 3,164,000 3,942,000 731,000 Prop - Total ....................... 3,364,000 4,142,000 660,000 Aircraft................................ 31,000 Auto. - Liability................... 1,217,000 996,000 –1,608,000 Auto. - Pers. Acc................ –426,000 Auto. - Other....................... 178,000 178,000 17,000 Auto - Total ....................... 1,395,000 1,174,000 –2,017,000 Boiler & Machinery............. 309,000 309,000 –131,000 Credit.................................. –7,000 Fidelity................................ –3,000 Liability............................... 5,104,000 3,945,000 7,955,000 Surety................................. 3,696,000 3,162,000 –2,142,000 Marine................................. 86,000 172,000 16,000 ——————— ——————— ——————— Total 2010........................... 13,954,000 12,904,000 4,362,000 Total 2009........................... 14,444,000 14,781,000 24,881,000 Total 2008........................... 14,844,000 15,454,000 9,268,000 Total 2007........................... 22,215,000 18,676,000 15,346,000 Total 2006........................... 10,334,000 10,660,000 33,972,000
2010 Underwriting Performance Summary Reinsurance Assumed................. 13,954,000 Reinsurance Ceded........................................ Net Premiums Written.................. 13,954,000 Net Premiums Earned.................. 12,904,000 Net Claims & Adj Exp..................... 4,362,000 Commissions.................................. 3,828,000 Taxes................................................... 77,000 General Expenses............................. 667,000 Undwrwtg. Profit/Loss................... 3,970,000 Investment Income......................... 7,324,000
2010 Direct Premiums Written: +178,181,000 2010 Underwriting Performance Summary
48.97 39.94 1,900.00 0.00 ————— 61.71 62.88 54.76 53.52 44.88
Growth: –5.86% %
2008: +$32,895,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 116-125 2011 CUW Reinsur Comp results.indd 119
99.10 63.58 71.11 0.00 84.29 96.77 35.11 77.04 –33.62 2.59 35.66
Growth Rate (NPW)............................ –0.17 % of Market (NPW)..............................0.74 Earned Loss Ratio..............................61.71 Total Expense Ratio...........................35.30 Combined Loss & Exp. Ratio.............97.01 Return on Equity................................13.80
2009: +$10,487,000 2006: +$71,010,000
–35.50 18.54 15.93 0.00 –161.45 0.00 9.55 –171.81 –42.39 0.00 0.00 201.65 –67.74 9.30 ————— 33.80 168.33 59.97 82.17 318.69
%
Growth Rate (NPW)............................ –3.39 % of Market (NPW)..............................0.04 Earned Loss Ratio..............................33.80 Total Expense Ratio...........................35.43 Combined Loss & Exp. Ratio.............69.23 Return on Equity..................................4.47
2009: –$13,608,000 2006: –$26,711,000
2008:
+$2,575,000
R-C
416-366-9206 Fax:416-366-4330
29,028,000 27,885,000 27,635,000 Prop. - Personal................. Prop. - Commercial............ 103,011,000 103,704,000 65,934,000 Prop - Total ....................... 132,039,000 131,589,000 93,569,000 Aircraft................................ –498,000 Auto. - Liability................... 21,106,000 20,525,000 17,300,000 Auto. - Pers. Acc................ 9,012,000 9,172,000 8,876,000 Auto. - Other....................... 8,030,000 7,863,000 2,761,000 Auto - Total ....................... 38,148,000 37,560,000 28,937,000 Boiler & Machinery............. 3,298,000 3,543,000 –1,191,000 Fidelity................................ 193,000 193,000 5,000 Hail..................................... 286,000 286,000 102,000 Legal Expense.................... 29,000 29,000 Liability............................... 113,557,000 119,165,000 58,357,000 Surety................................. 3,814,000 3,570,000 1,426,000 Marine................................. –1,000 –1,000 –19,000 Accident & Sickness........... 1,945,000 ——————— ——————— ——————— Total 2010........................... 291,363,000 295,934,000 182,633,000 Total 2009........................... 291,861,000 293,858,000 184,788,000 Total 2008........................... 289,581,000 292,186,000 160,012,000 Total 2007........................... 302,928,000 313,593,000 167,834,000 Total 2006........................... 322,492,000 327,552,000 146,997,000
Underwriting Result 2010: +$8,849,000 2007: +$36,392,000
R-US
Bernie Maingot, Chief Agent 390 Bay St, 22nd Floor Toronto ON M5H 2Y2 416-681-6944 Fax:416-591-8830 www.munichreamerica.com
MUNICH REINSURANCE R-F COMPANY OF CANADA
MUNICH REINSURANCE COMPANY OF CANADA TEMPLE INSURANCE COMPANY Kenneth B. Irvin, CGA, President & CEO 390 Bay St., 22nd Floor Toronto ON M5H 2Y2 416-366-9206 Fax:416-366-4330
Reinsurance Assumed............... 216,142,000 Reinsurance Ceded.................... 102,960,000 Net Premiums Written................ 291,363,000 Net Premiums Earned................ 295,934,000 Net Claims & Adj Exp................. 182,633,000 Commissions................................ 71,295,000 Taxes.............................................. 6,092,000 General Expenses........................ 27,064,000 Undwrwtg. Profit/Loss................... 8,849,000 Investment Income....................... 73,122,000
Earned Loss Ratio %
MUNICH REINSURANCE AMERICA, INC.
Underwriting Result 2010: +$3,970,000 2007: –$1,955,000
MUNICH REINSURANCE CANADA GROUP
Net Claims and Adjusting Expenses $
Prop. - Personal................. 29,028,000 27,885,000 27,635,000 Prop. - Commercial............ 77,346,000 79,896,000 55,040,000 Prop - Total ....................... 106,374,000 107,781,000 82,675,000 Aircraft................................ –45,000 Auto. - Liability................... 21,106,000 20,525,000 17,282,000 Auto. - Pers. Acc................ 9,012,000 9,172,000 8,876,000 Auto. - Other....................... 8,030,000 7,863,000 2,761,000 Auto - Total ....................... 38,148,000 37,560,000 28,919,000 Boiler & Machinery............. 3,386,000 3,567,000 –1,288,000 Fidelity................................ 193,000 193,000 5,000 Hail..................................... 286,000 286,000 102,000 Legal Expense.................... 29,000 29,000 Liability............................... 35,468,000 37,003,000 9,701,000 Surety................................. 3,814,000 3,570,000 1,426,000 Marine................................. –1,000 –1,000 –19,000 Accident & Sickness........... 1,945,000 ——————— ——————— ——————— 189,988,000 123,421,000 Total 2010........................... 187,697,000 Total 2009........................... 188,173,000 186,603,000 133,220,000 Total 2008........................... 178,579,000 181,984,000 115,301,000 Total 2007........................... 185,239,000 201,465,000 129,250,000 Total 2006........................... 212,070,000 215,529,000 116,245,000
2010 Underwriting Performance Summary Reinsurance Assumed............... 249,679,000 Reinsurance Ceded...................... 61,982,000 Net Premiums Written................ 187,697,000 Net Premiums Earned................ 189,988,000 Net Claims & Adj Exp................. 123,421,000 Commissions................................ 39,018,000 Taxes................................................. 172,000 General Expenses........................ 18,391,000 Undwrwtg. Profit/Loss................... 8,985,000 Investment Income....................... 50,769,000
Underwriting Result 2010: +$8,985,000 2007: +$13,720,000
99.10 68.89 76.71 0.00 84.20 96.77 35.11 76.99 –36.11 2.59 35.66 26.22 39.94 1,900.00 0.00 ————— 64.96 71.39 63.36 64.16 53.93
%
Growth Rate (NPW)............................ –0.25 % of Market (NPW)..............................0.48 Earned Loss Ratio..............................64.96 Total Expense Ratio...........................30.31 Combined Loss & Exp. Ratio.............95.27 Return on Equity................................15.39
2009: –$1,116,000 2006: +$34,305,000
2008: +$12,724,000
119
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Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
NIPPONKOA INSURANCE COMPANY LIMITED
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
R-F
George Petropoulos, Chief Agent c/o St Paul Fire & Marine Insurance 20 Queen St W, Suite 200 PO Box 5 Toronto ON M5H 3R3 416-601-2543 Fax:416-604-4432 Prop. - Commercial............ 344,000 368,000 –125,000 Prop - Total ....................... 344,000 368,000 –125,000 Auto. - Liability................... 102,000 103,000 128,000 Auto. - Pers. Acc................ 41,000 45,000 –36,000 Auto. - Other....................... 85,000 91,000 31,000 Auto - Total ....................... 228,000 239,000 123,000 Liability............................... 177,000 181,000 240,000 Marine................................. 266,000 239,000 4,000 ——————— ——————— ——————— Total 2010........................... 1,015,000 1,027,000 242,000 Total 2009........................... 1,170,000 1,203,000 112,000 Total 2008........................... 1,407,000 1,347,000 346,000 Total 2007........................... 1,370,000 1,296,000 210,000 Total 2006........................... 1,055,000 1,159,000 –217,000
2010 Direct Premiums Written: +835,000 2010 Underwriting Performance Summary Reinsurance Assumed...................... 197,000 Reinsurance Ceded............................. 17,000 Net Premiums Written.................... 1,015,000 Net Premiums Earned.................... 1,027,000 Net Claims & Adj Exp........................ 242,000 Commissions..................................... 141,000 Taxes................................................... 14,000 General Expenses............................. 399,000 Undwrwtg. Profit/Loss...................... 231,000 Investment Income............................ 962,000
Underwriting Result 2010: +$231,000 2007: +$461,000
2009: 2006:
–33.97 –33.97 124.27 –80.00 34.07 51.46 132.60 1.67 ————— 23.56 9.31 25.69 16.20 –18.72
Growth: –11.83% %
Growth Rate (NPW).......................... –13.25 % of Market (NPW)..............................0.00 Earned Loss Ratio..............................23.56 Total Expense Ratio...........................53.94 Combined Loss & Exp. Ratio.............77.50 Return on Equity..................................3.51
+$417,000 +$724,000
2008:
+$336,000
ODYSSEY AMERICA REINSURANCE CORPORATION R-US Lambert Morvan, Senior Vice President & Chief Agent 55 University Ave., Suite 1600 Toronto ON M5J 2H7 416-862-0162 Fax:416-367-3248 www.odysseyre.com
2010 Underwriting Performance Summary
Underwriting Result 2010: +$6,874,000 2007: +$8,660,000
2009: 2006:
91.95 45.33 60.77 1.47 15.44 –8.78 7.78 0.34 8.04 –1.52 151.00 38.43 –866.67 0.00 ————— 65.24 61.04 76.29 54.36 59.52
%
Growth Rate (NPW)............................37.53 % of Market (NPW)..............................0.16 Earned Loss Ratio..............................65.24 Total Expense Ratio...........................23.42 Combined Loss & Exp. Ratio.............88.66 Return on Equity................................12.98
+$5,634,000 +$4,716,000
120
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Earned Loss Ratio %
PARTNER REINSURANCE COMPANY OF THE U.S.
R-F
Hervé Castella, Chief Agent, Canadian Branch Canadian Branch 130 King St W Suite 2300, PO Box 166 Toronto ON M5X 1C7 416-861-0033 Fax:416-861-0200 www.partnerre.com 22,199,000 18,351,000 13,055,000 Prop. - Personal................. Prop. - Commercial............ 49,521,000 55,942,000 39,383,000 Prop - Total ....................... 71,720,000 74,293,000 52,438,000 Aircraft................................ 2,144,000 2,043,000 2,951,000 Auto. - Liability................... 2,478,000 4,009,000 8,508,000 Auto. - Pers. Acc................ 1,238,000 1,243,000 –862,000 Auto. - Other....................... –13,000 14,000 187,000 Auto - Total ....................... 3,703,000 5,266,000 7,833,000 Boiler & Machinery............. 2,038,000 2,128,000 55,000 Credit.................................. –65,000 –65,000 –147,000 Fidelity................................ –12,000 Hail..................................... 6,159,000 7,322,000 4,038,000 Liability............................... 11,752,000 10,882,000 17,023,000 Surety................................. 4,776,000 4,921,000 2,224,000 Marine................................. 25,000 25,000 292,000 Accident & Sickness........... 49,000 84,000 67,000 ——————— ——————— ——————— 106,899,000 86,762,000 Total 2010........................... 102,301,000 Total 2009........................... 103,292,000 108,184,000 72,885,000 Total 2008........................... 104,629,000 104,278,000 63,797,000 Total 2007........................... 124,350,000 132,122,000 74,826,000 Total 2006........................... 127,417,000 131,699,000 57,796,000
2010 Underwriting Performance Summary Reinsurance Assumed............... 117,570,000 Reinsurance Ceded...................... 15,269,000 Net Premiums Written................ 102,301,000 Net Premiums Earned................ 106,899,000 Net Claims & Adj Exp................... 86,762,000 Commissions................................ 26,533,000 Taxes............................................................ 0 General Expenses.......................... 6,738,000 Undwrwtg. Profit/Loss............... –13,134,000 Investment Income....................... 18,353,000
Underwriting Result 2010: –$13,134,000 2007: +$12,947,000
2008:
–$43,000
71.14 70.40 70.58 144.44 212.22 –69.35 1,335.71 148.75 2.58 226.15 0.00 55.15 156.43 45.19 1,168.00 79.76 ————— 81.16 67.37 61.18 56.63 43.88
%
Growth Rate (NPW)............................ –0.96 % of Market (NPW)..............................0.26 Earned Loss Ratio..............................81.16 Total Expense Ratio...........................31.12 Combined Loss & Exp. Ratio...........112.28 Return on Equity..................................2.41
2009: –$540,000 2006: +$22,206,000
2008:
+$2,618,000
PROMUTUEL REASSURANCE
Prop. - Personal................. 12,567,000 11,693,000 10,752,000 Prop. - Commercial............ 23,322,000 23,609,000 10,702,000 Prop - Total ....................... 35,889,000 35,302,000 21,454,000 Aircraft................................ 66,000 68,000 1,000 Auto. - Liability................... 6,364,000 5,685,000 878,000 Auto. - Other....................... 2,444,000 2,632,000 –231,000 Auto - Total ....................... 8,808,000 8,317,000 647,000 Boiler & Machinery............. 290,000 290,000 1,000 Fidelity................................ 112,000 112,000 9,000 Hail..................................... 2,492,000 2,492,000 –38,000 Liability............................... 11,236,000 10,866,000 16,408,000 Surety................................. 3,238,000 3,162,000 1,215,000 Marine................................. 6,000 6,000 –52,000 Accident & Sickness........... –101,000 ——————— ——————— ——————— Total 2010........................... 62,137,000 60,615,000 39,544,000 Total 2009........................... 45,180,000 45,367,000 27,690,000 Total 2008........................... 43,801,000 45,487,000 34,702,000 Total 2007........................... 49,177,000 48,501,000 26,364,000 Total 2006........................... 40,353,000 46,934,000 27,937,000
Reinsurance Assumed................. 63,311,000 Reinsurance Ceded........................ 1,174,000 Net Premiums Written.................. 62,137,000 Net Premiums Earned.................. 60,615,000 Net Claims & Adj Exp................... 39,544,000 Commissions................................ 11,557,000 Taxes............................................................ 0 General Expenses.......................... 2,640,000 Undwrwtg. Profit/Loss................... 6,874,000 Investment Income....................... 21,313,000
Net Claims and Adjusting Expenses $
R-C
2000 boulevard Lebourgneuf bureau 400 Quebec QC G2K 0B6 418-840-1313 Fax:418-840-9900 www.promutuel.ca liliane.breton@promutuel.ca 45,357,000 43,264,000 24,021,000 Prop. - Personal................. Prop. - Commercial............ 41,384,000 40,351,000 22,648,000 Prop - Total ....................... 86,741,000 83,615,000 46,669,000 Auto. - Liability................... 7,783,000 7,925,000 1,676,000 Auto. - Pers. Acc................ 658,000 668,000 272,000 Auto. - Other....................... 14,689,000 14,786,000 4,169,000 Auto - Total ....................... 23,130,000 23,379,000 6,117,000 Liability............................... 4,166,000 4,210,000 5,432,000 Surety................................. 71,000 70,000 ——————— ——————— ——————— 111,274,000 58,218,000 Total 2010........................... 114,108,000 Total 2009........................... 110,913,000 106,753,000 70,919,000 Total 2008........................... 88,630,000 102,995,000 87,836,000 Total 2007........................... 120,930,000 116,013,000 81,141,000 Total 2006........................... 110,150,000 106,329,000 80,137,000
2010 Direct Premiums Written: +15,382,000 2010 Underwriting Performance Summary
Reinsurance Assumed............... 129,531,000 Reinsurance Ceded...................... 30,805,000 Net Premiums Written................ 114,108,000 Net Premiums Earned................ 111,274,000 Net Claims & Adj Exp................... 58,218,000 Commissions................................ 25,028,000 Taxes................................................. 318,000 General Expenses........................ 10,095,000 Undwrwtg. Profit/Loss................. 17,615,000 Investment Income......................... 8,474,000
Underwriting Result 2010: +$17,615,000 2006: –$6,016,000
2009:
55.52 56.13 55.81 21.15 40.72 28.20 26.16 129.03 ————— 52.32 66.43 85.28 69.94 75.37
Growth: –8.85% %
Growth Rate (NPW)..............................2.88 % of Market (NPW)..............................0.29 Earned Loss Ratio..............................52.32 Total Expense Ratio...........................31.85 Combined Loss & Exp. Ratio.............84.17 Return on Equity................................22.59
+$4,480,000
2008: –$10,406,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 9:11 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
SCOR CANADA REINSURANCE COMPANY
R-C
Henry Klecan Jr., President & C.E.O. TD Canada Trust Tower, Brookfield Place 161 Bay St., Suite 5000 Toronto ON M5J 2S1 416-869-3670 Fax:416-365-9393 2,847,000 3,582,000 6,015,000 Prop. - Personal................. Prop. - Commercial............ 108,617,000 106,927,000 66,485,000 Prop - Total ....................... 111,464,000 110,509,000 72,500,000 Aircraft................................ 3,000 Auto. - Liability................... 13,152,000 13,095,000 16,890,000 Auto. - Pers. Acc................ 496,000 Auto. - Other....................... 17,395,000 16,967,000 18,931,000 Auto - Total ....................... 30,547,000 30,062,000 36,317,000 Boiler & Machinery............. 614,000 682,000 127,000 Fidelity................................ 75,000 Hail..................................... 444,000 448,000 –48,000 Liability............................... 9,186,000 14,699,000 9,418,000 Surety................................. 3,929,000 3,860,000 1,925,000 Marine................................. 2,000 85,000 –35,000 ——————— ——————— ——————— Total 2010........................... 156,186,000 160,345,000 120,282,000 Total 2009........................... 148,508,000 146,012,000 106,704,000 Total 2008........................... 87,396,000 87,952,000 52,890,000 Total 2007........................... 97,838,000 96,765,000 62,107,000 Total 2006........................... 96,457,000 90,898,000 58,122,000
2010 Underwriting Performance Summary Reinsurance Assumed............... 178,757,000 Reinsurance Ceded...................... 22,571,000 Net Premiums Written................ 156,186,000 Net Premiums Earned................ 160,345,000 Net Claims & Adj Exp................. 120,282,000 Commissions................................ 34,881,000 Taxes............................................................ 0 General Expenses.......................... 8,708,000 Undwrwtg. Profit/Loss................. –3,526,000 Investment Income....................... 14,208,000
Underwriting Result 2010: –$3,526,000 2007: +$785,000
2009: 2006:
%
Growth Rate (NPW)..............................5.17 % of Market (NPW)..............................0.40 Earned Loss Ratio..............................75.01 Total Expense Ratio...........................27.18 Combined Loss & Exp. Ratio...........102.19 Return on Equity..................................4.81
–$1,673,000 –$1,670,000
2008:
+$2,682,000
SWISS REINSURANCE COMPANY LTD WESTPORT INSURANCE CORPORATION Sharon Ludlow, President & Chief Executive Officer 150 King St. W., Suite 2200, P.O. Box 50 Toronto ON M5H 1J9 416-814-2347 Fax:416-408-4222 www.swissre.com/canada
2010 Direct Premiums Written: +129,468,000 2010 Underwriting Performance Summary
Growth: 41.51% %
Sharon Ludlow, Chief Agent 150 King St. W., Suite 2200, P.O. Box 50 Toronto ON M5H 1J9 416-814-2347 Fax:416-408-4222 www.swissre.com/canada 8,303,000 8,781,000 5,392,000 Prop. - Personal................. Prop. - Commercial............ 61,052,000 58,590,000 27,599,000 Prop - Total ....................... 69,355,000 67,371,000 32,991,000 Aircraft................................ 4,726,000 4,551,000 2,473,000 Auto. - Liability................... 1,702,000 2,957,000 –3,261,000 Auto. - Pers. Acc................ 3,172,000 2,717,000 –1,751,000 Auto. - Other....................... 1,761,000 1,446,000 258,000 Auto - Total ....................... 6,635,000 7,120,000 –4,754,000 Boiler & Machinery............. 410,000 463,000 –19,000 Fidelity................................ 144,000 142,000 50,000 Hail..................................... 28,000 6,000 Liability............................... 15,867,000 18,167,000 2,434,000 Surety................................. 1,550,000 2,500,000 –532,000 Marine................................. 554,000 576,000 477,000 Accident & Sickness........... –127,000 –1,072,000 –35,000 ——————— ——————— ——————— 99,114,000 99,846,000 33,091,000 Total 2010........................... Total 2009........................... 91,137,000 92,360,000 51,739,000 Total 2008........................... 118,675,000 84,986,000 59,805,000 Total 2007........................... 39,197,000 36,814,000 8,610,000 Total 2006........................... 34,277,000 33,182,000 2,004,000
2010 Underwriting Performance Summary Reinsurance Assumed............... 409,555,000 Reinsurance Ceded.................... 310,441,000 Net Premiums Written.................. 99,114,000 Net Premiums Earned.................. 99,846,000 Net Claims & Adj Exp................... 33,091,000 Commissions.................................. 9,820,000 Taxes............................................................ 0 General Expenses........................ 19,189,000 Undwrwtg. Profit/Loss................. 37,746,000 Investment Income......................... 6,776,000
Underwriting Result 2010: +$37,746,000 2007: +$16,901,000
61.41 47.11 48.97 54.34 –110.28 –64.45 17.84 –66.77 –4.10 35.21 21.43 13.40 –21.28 82.81 3.26 ————— 33.14 56.02 70.37 23.39 6.04
%
Growth Rate (NPW)..............................8.75 % of Market (NPW)..............................0.25 Earned Loss Ratio..............................33.14 Total Expense Ratio...........................29.05 Combined Loss & Exp. Ratio.............62.19 Return on Equity..................................9.15
2009: +$9,543,000 2006: +$19,728,000
2008:
–$1,560,000
R-US
20,546,000 15,772,000 10,148,000 Prop. - Commercial............ Prop - Total ....................... 20,546,000 15,772,000 10,148,000 Aircraft................................ 7,445,000 6,983,000 3,822,000 Auto. - Liability................... 81,000 216,000 –184,000 Auto - Total ....................... 81,000 216,000 –184,000 Boiler & Machinery............. 763,000 1,419,000 169,000 Hail..................................... 2,611,000 2,229,000 1,051,000 Liability............................... 16,897,000 21,137,000 4,051,000 Surety................................. 3,833,000 6,250,000 811,000 Marine................................. 772,000 991,000 740,000 ——————— ——————— ——————— 52,948,000 54,997,000 20,608,000 Total 2010........................... Total 2009........................... 46,359,000 48,942,000 25,030,000 Total 2008........................... 24,810,000 71,033,000 31,260,000 Total 2007........................... 64,208,000 95,335,000 92,227,000 Total 2006........................... 120,005,000 141,789,000 106,225,000
2010 Direct Premiums Written: +129,468,000 2010 Underwriting Performance Summary
Reinsurance Assumed................. 38,236,000 Reinsurance Ceded.................... 114,756,000 Net Premiums Written.................. 52,948,000 Net Premiums Earned.................. 54,997,000 Net Claims & Adj Exp................... 20,608,000 Commissions.................................. 3,027,000 Taxes.............................................. 4,343,000 General Expenses.......................... 5,019,000 Undwrwtg. Profit/Loss................. 22,000,000 Investment Income......................... 2,495,000
Underwriting Result 2010: +$22,000,000 2007: –$18,654,000
2009: 2006:
64.34 64.34 54.73 –85.19 –85.19 11.91 47.15 19.17 12.98 74.67 ————— 37.47 51.14 44.01 96.74 74.92
Growth: 41.51% %
Growth Rate (NPW)............................14.21 % of Market (NPW)..............................0.13 Earned Loss Ratio..............................37.47 Total Expense Ratio...........................22.53 Combined Loss & Exp. Ratio.............60.00 Return on Equity..................................8.29
+$9,548,000 –$7,066,000
2008: +$19,477,000
2008: +$30,475,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 116-125 2011 CUW Reinsur Comp results.indd 121
61.41 50.76 51.89 54.58 –108.57 –64.45 17.84 –67.31 7.97 35.21 46.83 16.50 3.19 77.66 3.26 ————— 34.68 54.33 52.59 53.06 46.18
Growth Rate (NPW)............................10.59 % of Market (NPW)..............................0.39 Earned Loss Ratio..............................34.68 Total Expense Ratio...........................26.74 Combined Loss & Exp. Ratio.............61.42 Return on Equity..................................9.19
2009: +$19,091,000 2006: +$57,663,000
SWISS REINSURANCE COMPANY LTD R-F
Stephen J. Ritter, FCIP, CRM, Senior Vice President & Chief Agent In Canada 150 King St W, Suite 1000 Toronto ON M5H 1J9 416-217-5576 Fax:416-847-3698
8,303,000 8,781,000 5,392,000 Prop. - Personal................. Prop. - Commercial............ 81,598,000 74,362,000 37,747,000 Prop - Total ....................... 89,901,000 83,143,000 43,139,000 Aircraft................................ 12,171,000 11,534,000 6,295,000 Auto. - Liability................... 1,783,000 3,173,000 –3,445,000 Auto. - Pers. Acc................ 3,172,000 2,717,000 –1,751,000 Auto. - Other....................... 1,761,000 1,446,000 258,000 Auto - Total ....................... 6,716,000 7,336,000 –4,938,000 Boiler & Machinery............. 1,173,000 1,882,000 150,000 Fidelity................................ 144,000 142,000 50,000 Hail..................................... 2,611,000 2,257,000 1,057,000 Liability............................... 32,764,000 39,304,000 6,485,000 Surety................................. 5,383,000 8,750,000 279,000 Marine................................. 1,326,000 1,567,000 1,217,000 Accident & Sickness........... –127,000 –1,072,000 –35,000 ——————— ——————— ——————— Total 2010........................... 152,062,000 154,843,000 53,699,000 Total 2009........................... 137,496,000 141,302,000 76,769,000 Total 2008........................... 143,715,000 201,569,000 106,003,000 Total 2007........................... 228,310,000 265,176,000 140,700,000 Total 2006........................... 287,615,000 289,998,000 133,934,000
Underwriting Result 2010: +$59,746,000 2007: +$49,054,000
Earned Loss Ratio %
R-F WESTPORT INSURANCE CORPORATION
SWISS REINSURANCE GROUP
Reinsurance Assumed............... 360,970,000 Reinsurance Ceded.................... 338,376,000 Net Premiums Written................ 152,062,000 Net Premiums Earned................ 154,843,000 Net Claims & Adj Exp................... 53,699,000 Commissions................................ 12,847,000 Taxes.............................................. 4,343,000 General Expenses........................ 24,208,000 Undwrwtg. Profit/Loss................. 59,746,000 Investment Income......................... 9,271,000
167.92 62.18 65.61 0.00 128.98 0.00 111.58 120.81 18.62 0.00 –10.71 64.07 49.87 –41.18 ————— 75.01 73.08 60.14 64.18 63.94
Net Claims and Adjusting Expenses $
121
17/05/11 9:12 AM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
T.H.E. INSURANCE COMPANY
R-US
Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 www.theinsco.com sfrye@cooksonwalker.on.ca 3,000 3,000 Auto. - Liability................... Auto - Total ....................... 3,000 3,000 0 Liability............................... 85,000 51,000 –27,000 ——————— ——————— ——————— 88,000 54,000 –27,000 Total 2010........................... Total 2009........................... 19,000 32,000 –43,000 Total 2008........................... 50,000 43,000 26,000 Total 2007........................... 63,000 91,000 21,000 Total 2006........................... 100,000 125,000 –120,000
2010 Direct Premiums Written: +98,000 2010 Underwriting Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded............................. 10,000 Net Premiums Written......................... 88,000 Net Premiums Earned......................... 54,000 Net Claims & Adj Exp........................ –27,000 Commissions....................................... 14,000 Taxes..................................................... 3,000 General Expenses............................. 103,000 Undwrwtg. Profit/Loss...................... –39,000 Investment Income............................ 190,000
Underwriting Result 2010: –$39,000 2007: –$80,000
2009: 2006:
Net Net Class Premiums Premiums Written Earned $ $
Earned Loss Ratio %
0.00 –52.94 ————— –50.00 –134.38 60.47 23.08 –96.00
Growth: 345.45% %
Growth Rate (NPW)..........................363.16 % of Market (NPW)..............................0.00 Earned Loss Ratio............................ –50.00 Total Expense Ratio.........................222.22 Combined Loss & Exp. Ratio...........172.22 Return on Equity..................................5.74
2008:
–$120,000
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THE TOA REINSURANCE COMPANY OF AMERICA
5,998,000 5,994,000 4,197,000 Prop. - Personal................. Prop. - Commercial............ 5,518,000 4,859,000 3,095,000 Prop - Total ....................... 11,516,000 10,853,000 7,292,000 Auto. - Liability................... 10,449,000 9,679,000 8,224,000 Auto - Total ....................... 10,449,000 9,679,000 8,224,000 Fidelity................................ 90,000 90,000 53,000 Hail..................................... 1,000 Liability............................... 13,522,000 13,164,000 9,097,000 Surety................................. 40,000 40,000 5,000 Marine................................. 215,000 750,000 387,000 ——————— ——————— ——————— 35,832,000 34,576,000 25,059,000 Total 2010........................... Total 2009........................... 37,156,000 35,944,000 26,253,000 Total 2008........................... 27,420,000 28,374,000 24,222,000 Total 2007........................... 40,082,000 40,477,000 20,754,000 Total 2006........................... 39,488,000 40,294,000 28,659,000
2010 Underwriting Performance Summary
2009: 2006:
TRANSATLANTIC REINSURANCE COMPANY
R-US
Cameron MacDonald, Chief Agent For Canada 145 Wellington St. W. Toronto ON M5J 1H8 416-649-5301 Fax:416-971-8782 http://www.transre.com cmacdonald@transre.com 67,692,000 70,640,000 44,721,000 Prop. - Commercial............ Prop - Total ....................... 67,692,000 70,640,000 44,721,000 Aircraft................................ 227,000 150,000 110,000 Auto. - Liability................... 14,850,000 15,116,000 5,670,000 Auto. - Other....................... 537,000 529,000 303,000 Auto - Total ....................... 15,387,000 15,645,000 5,973,000 Boiler & Machinery............. 626,000 558,000 67,000 Credit.................................. 1,342,000 1,342,000 457,000 Fidelity................................ 477,000 381,000 359,000 Liability............................... 22,299,000 21,409,000 25,141,000 Surety................................. 9,991,000 9,746,000 5,767,000 Marine................................. 14,000 20,000 –3,000 ——————— ——————— ——————— Total 2010........................... 118,055,000 119,891,000 82,592,000 Total 2009........................... 119,105,000 113,631,000 69,895,000 Total 2008........................... 88,261,000 94,119,000 36,442,000 Total 2007........................... 108,293,000 107,001,000 46,958,000 Total 2006........................... 102,123,000 98,364,000 48,881,000
70.02 63.70 67.19 84.97 84.97 58.89 0.00 69.11 12.50 51.60 ————— 72.48 73.04 85.37 51.27 71.12
%
Growth Rate (NPW)............................ –3.56 % of Market (NPW)..............................0.09 Earned Loss Ratio..............................72.48 Total Expense Ratio...........................25.28 Combined Loss & Exp. Ratio.............97.76 Return on Equity................................12.11
+$262,000 +$2,960,000
122
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Reinsurance Assumed............... 277,875,000 Reinsurance Ceded.................... 159,820,000 Net Premiums Written................ 118,055,000 Net Premiums Earned................ 119,891,000 Net Claims & Adj Exp................... 82,592,000 Commissions................................ 23,727,000 Taxes................................................... 19,000 General Expenses.......................... 3,550,000 Undwrwtg. Profit/Loss................. 10,003,000 Investment Income....................... 15,060,000
Underwriting Result 2010: +$10,003,000 2007: +$32,728,000
63.31 63.31 73.33 37.51 57.28 38.18 12.01 34.05 94.23 117.43 59.17 –15.00 ————— 68.89 61.51 38.72 43.89 49.69
%
Growth Rate (NPW)............................ –0.88 % of Market (NPW)..............................0.30 Earned Loss Ratio..............................68.89 Total Expense Ratio...........................22.77 Combined Loss & Exp. Ratio.............91.66 Return on Equity..................................6.14
2009: +$16,545,000 2006: +$24,111,000
2008: +$34,893,000
R-F WHITE MOUNTAINS REINSURANCE COMPANY OF AMERICA R-US
Caroline Kane, Senior Vice-President & Chief Agent in Canada 200 King St West, Suite 1001 PO Box 41 Toronto ON M5H 3T4 416-366-5888 Fax:416-366-7444 www.toare.com
Underwriting Result 2010: +$777,000 2007: +$9,432,000
Earned Loss Ratio %
2010 Underwriting Performance Summary –$68,000 +$103,000
Reinsurance Assumed................. 47,349,000 Reinsurance Ceded...................... 11,517,000 Net Premiums Written.................. 35,832,000 Net Premiums Earned.................. 34,576,000 Net Claims & Adj Exp................... 25,059,000 Commissions.................................. 5,204,000 Taxes............................................................ 0 General Expenses.......................... 3,536,000 Undwrwtg. Profit/Loss...................... 777,000 Investment Income......................... 7,171,000
Net Claims and Adjusting Expenses $
2008:
–$3,387,000
John Game, Senior Vice-President & Chief Agent 80 Bloor St. W., Suite 1202 Toronto ON M5S 2V1 416-928-2430 Fax:416-928-2459 7,163,000 5,688,000 3,154,000 Prop. - Personal................. Prop. - Commercial............ 4,509,000 4,068,000 371,000 Prop - Total ....................... 11,672,000 9,756,000 3,525,000 Auto. - Liability................... 854,000 882,000 –2,648,000 Auto. - Other....................... 1,225,000 1,203,000 –116,000 Auto - Total ....................... 2,079,000 2,085,000 –2,764,000 Fidelity................................ –4,000 Hail..................................... 92,000 98,000 Liability............................... 436,000 436,000 106,000 Surety................................. –7,000 ——————— ——————— ——————— 14,279,000 12,375,000 856,000 Total 2010........................... Total 2009........................... 6,748,000 6,987,000 1,071,000 Total 2008........................... 7,812,000 8,416,000 8,647,000 Total 2007........................... 16,517,000 21,237,000 6,572,000 Total 2006........................... 24,173,000 21,739,000 4,079,000
2010 Underwriting Performance Summary Reinsurance Assumed................. 21,102,000 Reinsurance Ceded........................ 6,823,000 Net Premiums Written.................. 14,279,000 Net Premiums Earned.................. 12,375,000 Net Claims & Adj Exp........................ 856,000 Commissions.................................. 2,784,000 Taxes............................................................ 0 General Expenses.......................... 1,927,000 Undwrwtg. Profit/Loss................... 6,808,000 Investment Income......................... 2,270,000
Underwriting Result 2010: +$6,808,000 2007: +$7,581,000
55.45 9.12 36.13 –300.23 –9.64 –132.57 0.00 24.31 0.00 ————— 6.92 15.33 102.74 30.95 18.76
%
Growth Rate (NPW)..........................111.60 % of Market (NPW)..............................0.04 Earned Loss Ratio................................6.92 Total Expense Ratio...........................38.07 Combined Loss & Exp. Ratio.............44.99 Return on Equity................................11.47
2009: +$2,746,000 2006: +$10,283,000
2008:
–$4,018,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 9:12 AM
Transatlantic Reinsurance Company
your trusted partner every step of the way. As one of Canada’s leading reinsurers, the companies we do business with are not simply customers they are long-term partners. Our client relationships are based on the principles of respect, value and trust enabling both partners to face the future together - with confidence and unity.
Transatlantic Transatlantic Reinsurance Reinsurance Company Company
For more information on TRC, please give us a call at 416 649-5301 145 Wellington Street West, Suite 900, Toronto, Ontario M5J 1H8
www.transre.com S&P rating: A+
TRANSATLANTIC CU 1a.indd 1 p 116-125 2011 CUW Reinsur Comp results.indd 123
A.M. Best Rating: A (Excellent)
5/20/11 11:27 AM 20/05/11 2:25 PM
Net Net Class Premiums Premiums Written Earned $ $
Net Claims and Adjusting Expenses $
XL REINSURANCE AMERICA, INC CANADIAN BRANCH
Earned Loss Ratio %
2010 PROVINCIAL GOVERNMENT INSURERS
R-F
Gordon F Goodman, Chief Agent Scotia Plaza, 100 Yonge St. Suite 1702 Toronto ON M5C 2W1 416-598-1084 Fax:416-598-1980 www.xlre.com michelle.mcmann@xlgroup.com
Net Claims and Adjusting Expenses $
INSURANCE CORPORATION OF BRITISH COLUMBIA
23,146,000 25,859,000 17,236,000 Prop. - Commercial............ Prop - Total ....................... 23,146,000 25,859,000 17,236,000 Aircraft................................ 1,000 1,000 –40,000 Auto. - Liability................... 2,300,000 2,461,000 232,000 Auto - Total ....................... 2,300,000 2,461,000 232,000 Fidelity................................ –21,000 14,000 Liability............................... 42,153,000 42,968,000 15,300,000 Surety................................. 4,000 4,000 –118,000 Marine................................. 103,000 13,000 8,000 Accident & Sickness........... 1,000 1,000 ——————— ——————— ——————— 67,687,000 71,321,000 32,618,000 Total 2010........................... Total 2009........................... 72,641,000 85,592,000 60,338,000 Total 2008........................... 90,912,000 93,555,000 57,118,000 Total 2007........................... 104,627,000 109,212,000 42,268,000 Total 2006........................... 121,002,000 102,329,000 54,863,000
2010 Direct Premiums Written: +39,835,000 2010 Underwriting Performance Summary
Reinsurance Assumed................. 28,603,000 Reinsurance Ceded........................... 751,000 Net Premiums Written.................. 67,687,000 Net Premiums Earned.................. 71,321,000 Net Claims & Adj Exp................... 32,618,000 Commissions................................ 18,094,000 Taxes.............................................. 1,298,000 General Expenses.......................... 9,029,000 Undwrwtg. Profit/Loss................. 11,318,000 Investment Income....................... 12,234,000
Underwriting Result 2010: +$11,318,000 2007: +$25,665,000
Net Net Class Premiums Premiums Written Earned $ $
66.65 66.65 –4,000.00 9.43 9.43 35.61 –2,950.00 61.54 ————— 45.73 70.49 61.05 38.70 53.61
Growth: –2.73% %
Growth Rate (NPW)............................ –6.82 % of Market (NPW)..............................0.17 Earned Loss Ratio..............................45.73 Total Expense Ratio...........................39.85 Combined Loss & Exp. Ratio.............85.58 Return on Equity................................10.78
2009: –$5,497,000 2006: +$14,896,000
Ingenuity.
2008:
+$981,000
Get in the fast lane
Earned Loss Ratio %
G-C
Kevin E. Benson, President & C.E.O. 151 West Esplanade North Vancouver BC V7M 3H9 604-661-2800 Fax:604-646-1000 www.icbc.com michelle.miller@icbc.com Auto. - Liability................... Auto. - Pers. Acc................ Auto. - Other....................... Auto - Total ....................... Total 2010........................... Total 2009........................... Total 2008........................... Total 2007........................... Total 2006...........................
2,198,960,000 2,188,555,000 2,297,160,000 160,498,000 160,171,000 126,598,000 1,319,909,000 1,318,598,000 650,470,000 3,679,367,000 3,667,324,000 3,074,228,000 ——————— ——————— ——————— 3,679,367,000 3,667,324,000 3,074,228,000 3,667,145,000 3,650,025,000 2,970,125,000 3,639,688,000 3,631,215,000 2,819,138,000 3,572,054,000 3,482,434,000 2,914,550,000 3,375,427,000 3,256,856,000 2,944,453,000
2010 Direct Premiums Written: +3,691,005,000 2010 Underwritng Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded...................... 11,638,000 Net Premiums Written............. 3,679,367,000 Net Premiums Earned............. 3,667,324,000 Net Claims & Adj Exp.............. 3,074,228,000 Commissions.............................. 301,373,000 Taxes.......................................... 175,822,000 General Expenses...................... 206,993,000 Undwrwtg. Profit/Loss............... –36,464,000 Investment Income..................... 506,051,000
Underwriting Result 2010 –$36,464,000 2007 +$104,536,000
104.96 79.04 49.33 83.83 ————— 83.83 81.37 77.64 83.69 90.41
Growth: 0.31% %
Growth Rate (NPW)..............................0.33 % of Market (NPW)............................10.13 Earned Loss Ratio..............................83.83 Total Expense Ratio...........................18.66 Combined Loss & Exp. Ratio...........102.49 Return on Equity................................10.17
2009 +$134,725,000 2006 –$162,249,000
2008 +$320,830,000
SASKATCHEWAN AUTO FUND
G-C
Andrew Cartmell, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax:306-565-8666 www.sgi.sk.ca 1,153,000 1,114,000 4,551,000 Auto. - Liability................... Auto. - Pers. Acc................ 269,148,000 260,138,000 245,128,000 Auto. - Other....................... 438,049,000 423,569,000 354,739,000 Auto - Total ....................... 708,350,000 684,821,000 604,418,000 ——————— ——————— ——————— 684,821,000 604,418,000 Total 2010........................... 708,350,000 Total 2009........................... 651,419,000 630,559,000 593,901,000 Total 2008........................... 610,492,000 587,918,000 550,890,000 Total 2007........................... 559,246,000 557,087,000 532,217,000 Total 2006........................... 560,432,000 542,204,000 449,072,000
2010 Direct Premiums Written: +711,277,000 2010 Underwritng Performance Summary
Reinsurance Assumed................................... Reinsurance Ceded........................ 2,927,000 Net Premiums Written................ 708,350,000 Net Premiums Earned................ 684,821,000 Net Claims & Adj Exp................. 604,418,000 Commissions................................ 34,813,000 Taxes............................................ 34,376,000 General Expenses........................ 68,999,000 Undwrwtg. Profit/Loss............... –57,785,000 Investment Income..................... 100,047,000
Underwriting Result 2010 –$57,785,000 2007 –$80,115,000
2009 2006
408.53 94.23 83.75 88.26 ————— 88.26 94.19 93.70 95.54 82.82
%
Growth Rate (NPW)..............................8.74 % of Market (NPW)..............................1.95 Earned Loss Ratio..............................88.26 Total Expense Ratio...........................20.18 Combined Loss & Exp. Ratio...........108.44 Return on Equity................................29.61
–$90,088,000 +$2,240,000
w
Growth: 8.81%
2008
–$80,304,000
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cu.ca full pag p 116-125 2011 CUW Reinsur Comp results.indd 124
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2010 LIFE INSURANCE IN CANADA AETNA LIFE INSURANCE COMPANY
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd, Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183 Key Metrics (Canada) Total Assets................................................................................................ Total Liabilities............................................................................................ Head Office Account.................................................................................. Total Premium Income............................................................................... Net Income................................................................................................. Non-Participating In Canada Business Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Group A&S Premiums Written....................................................................
AMERICAN HEALTH AND LIFE INSURANCE COMPANY
Henryka Anderson, Chief Agent 355 Wellington St London ON N6A 3N7 519-680-4738 Fax 866-897-8985 Key Metrics (Canada) Total Assets................................................................................................ Total Liabilities............................................................................................ Head Office Account.................................................................................. Total Premium Income............................................................................... Net Income................................................................................................. Non-Participating In Canada Business Individual Life Premiums Written................................................................ Group Life Premiums Written.....................................................................
ASSURANT LIFE OF CANADA
500-5160 Yonge St Toronto ON M2N 7C7 Fax 416-733-7826 Toll Free 800-561-3232 Key Metrics (Canada) Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income ................................................................................................ Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Individual Annuity Premiums Written......................................................... Group Annuity Premiums Written...............................................................
AXA ASSURANCES INC.
Jean-Francois Blais, President and Chief Executive Officer Robert Landry, Executive Vice President, Life Insurance and Financial Services 514-282-1914 Fax 514-282-9871
Key Metrics (Canada) Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income ................................................................................................ Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Individual Annuity Premiums Written......................................................... Individual A&S Premiums Written............................................................... Group A&S Premiums Written....................................................................
Life 2 CANASSURANCE INSURANCE COMPANY
Claude Boivin, CA, President and CEO 550 rue Sherbrooke ouest Montreal QC H3A 3S3 514-286-8400 Fax 514-286-8475 www.qc.croixbleue.ca 61,427,000 www.qc.bluecross.ca 15,320,000 Key Metrics (Canada) 44,190,000 Total Consolidated Assets......................................................................... 1,807,000 Total Consolidated Liabilities..................................................................... 1,676,000 Total PH and Shareholder Equity (inc. non-controlling interests).............. 56,000 Total Consolidated Premium Income......................................................... 313,000 Net Income................................................................................................. 1,438,000 Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Individual A&S Premiums Written............................................................... Life 2 Group A&S Premiums Written....................................................................
CIGNA LIFE INSURANCE COMPANY OF CANADA
39,897,000 17,892,000 20,590,000 –3,392,000 10,842,000 42,000 –3,434,000
Life 1
1,023,604,000 940,976,000 82,628,000 245,141,000 –18,969,000 19,328,000 55,426,000 27,165,000 143,222,000
Life 1
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Key Metrics (Canada) Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income................................................................................................. Non-Participating In Canada Business (Consolidated) Group Life Premiums Written..................................................................... Group A&S Premiums Written....................................................................
COMBINED INSURANCE COMPANY OF AMERICA 7300 Warden Ave, Suite 300 Markham ON L3R 0X3 Key Metrics (Canada) Total Assets................................................................................................ Total Liabilities............................................................................................ Head Office Account.................................................................................. Total Premium Income............................................................................... Net Income................................................................................................. Non-Participating In Canada Business Individual Life Premiums Written................................................................ Individual A&S Premiums Written............................................................... Group A&S Premiums Written....................................................................
CONNECTICUT GENERAL LIFE INSURANCE COMPANY
855,652,000 726,780,000 128,872,000 132,106,000 16,161,000 49,735,000 7,878,000 4,944,000 19,257,000 50,292,000
CANADIAN PREMIER LIFE INSURANCE COMPANY Life 1 Isaac Sananes, B.A. ALHC, President & CEO 80 Tiverton Court, 5th Floor Markham ON L3R 0G4 905-948-2103 Fax 905-479-3224 Key Metrics (Canada) Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income................................................................................................. Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Individual A&S Premiums Written............................................................... Group A&S Premiums Written....................................................................
M. Eman Hassan, President & CEO 55 Town Centre Court, Suite 606 Scarborough ON M1P 4X4 416-290-6666 Fax 416-290-0726
M. Eman Hassan, Chief Agent 55 Town Centre Court, Suite 606 Scarborough ON M1P 4X4 416-290-6666 Fax 416-290-0726
Key Metrics (Canada) Total Assets................................................................................................ Total Liabilities............................................................................................ Head Office Account.................................................................................. Total Premium Income............................................................................... Net Income................................................................................................. Non-Participating In Canada Business Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Group A&S Premiums Written....................................................................
FAITHLIFE FINANCIAL 189,056,000 100,621,000 88,435,000 155,454,000 15,109,000 149,000 67,589,000 58,000 87,658,000
470 Weber St N Waterloo ON N2J 4G4 519-886-4610 Fax 519-886-0350 www.faithlifefinancial.ca Key Metrics (Canada) Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income.................................................................................................
Life 1
85,197,000 54,508,000 30,689,000 34,353,000 –355,000 1,170,000 2,463,000 26,864,000 3,856,000
Life 1
42,318,000 24,706,000 17,612,000 12,118,000 2,452,000 760,000 11,358,000
Life 2 553,215,000 230,241,000 312,480,000 186,111,000 44,577,000 10,930,000 174,448,000 733,000
Life 2
103,582,000 63,579,000 35,112,000 2,969,000 4,138,000 2,393,000 32,000 5,444,000
Life 1
320,851,000 281,248,000 39,603,000 24,483,000 1,707,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
17/05/11 9:13 AM
GENERAL AMERICAN LIFE INSURANCE COMPANY Life 2 RELIABLE LIFE INSURANCE COMPANY Andre St-Amour, Chief Agent 1255 Peel, Suite 1000 Montreal QC H3B 2T9 514-985-5260 Fax 514-985-3066 Key Metrics (Canada) Total Assets................................................................................................ Total Liabilities............................................................................................ Head Office Account.................................................................................. Total Premium Income............................................................................... Net Income................................................................................................. Non-Participating In Canada Business Individual Life Premiums Written................................................................
GERBER LIFE INSURANCE COMPANY Colleen Sexsmith, Chief Agent 1145 Nicholson Rd, Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183 Key Metrics (Canada) Total Assets................................................................................................ Total Liabilities............................................................................................ Head Office Account.................................................................................. Total Premium Income............................................................................... Net Income................................................................................................. Non-Participating In Canada Business Individual Life Premiums Written................................................................
HARTFORD LIFE INSURANCE COMPANY Colleen Sexsmith, Chief Agent 1145 Nicholson Rd, Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183 Key Metrics (Canada) Total Assets................................................................................................ Total Liabilities............................................................................................ Head Office Account.................................................................................. Total Premium Income............................................................................... Net Income................................................................................................. Non-Participating In Canada Business Individual Life Premiums Written................................................................ Group A&S Premiums Written....................................................................
1,401,013,000 582,695,000 818,318,000 216,494,000 57,927,000 216,494,000
Life 2
27,990,000 12,108,000 15,281,000 2,980,000 –481,000 2,980,000
Life 2
52,226,000 22,478,00 29,748,00 56,285,000 385,000 –2,343,000 517,000 54,053,000 4,058,000
RGA LIFE REINSURANCE COMPANY OF CANADA Alain Neemeh, President & CEO 1255 Peel, Suite 1000 Montreal QC H3B 3T9 514-985-5260; Fax 514-985-3066 Key Metrics Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income................................................................................................. Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Individual Annuity Premiums Written......................................................... Group Annuity Premiums Written............................................................... Individual A&S Premiums Written............................................................... Group A&S Premiums Written....................................................................
LIFE INSURANCE COMPANY OF NORTH AMERICA Life 2 M. Eman Hassan, President & CEO 55 Town Centre Court, Suite 606 Scarborough ON M1P 4X4 416-290-6666 Fax 416-290-0726
STATE FARM INTERNATIONAL LIFE INSURANCE COMPANY LTD.
9,876,000 3,391,000 6,362,000 31,000 293,000 1,000 30,000
54,150,000 25,105,000 75,000 62,220,000 4,891,000 92,061,000
Life 2
402,074,000 259,217,000 130,227,000 101,763,000 –5,281,000 30,741,000 8,324,000 26,883,000 35,815,000
Life 2
Barbara Bellissimo, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4620; Fax 905-750-4970 46,571,000 23,029,000 21,575,000 2,995,000 1,676,000 1,304,000 1,691,000
Key Metrics (Canada) Total Assets................................................................................................ Total Liabilities............................................................................................ Head Office Account.................................................................................. Total Premium Income............................................................................... Net Income.................................................................................................
1,243,304,000 950,659,000 276,976,000 129,288,000 62,736,000
SUN LIFE ASSURANCE COMPANY OF CANADA PRIMERICA LIFE INSURANCE COMPANY OF CANADA 2000 Argentia Rd Mississauga ON L5N 2R7 905-812-2900 Fax 905-813-5316 Key Metrics Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income................................................................................................. Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Individual Annuity Premiums Written......................................................... Individual A&S Premiums Written............................................................... CANADIAN UNDERWRITER STATISTICAL ISSUE 2011
p 126-129 2011 LIFE.indd 127
Life 1
123,801,000 –20,082,000 143,883,000 91,925,000 66,690,000 91,885,000 9,000 31,000
Donald A Stewart, Chief Executive Officer 150 King St W Toronto ON M5H 1J9 416-979-9966 Fax 416-585-9546 Key Metrics Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income................................................................................................. Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Individual Annuity Premiums Written......................................................... Group Annuity Premiums Written............................................................... Individual A&S Premiums Written............................................................... Group A&S Premiums Written....................................................................
Life 1
4,265,342,000 3,742,118,000 523,224,000 238,502,000 70,606,000
SCOR GLOBAL LIFE
Francois Lemieux, Executive Vice-President and Chief Agent 1250 boul, Rene Levesque Quest; Bureau 4510 Montreal QC H3B 4W8 514-933-6994; Fax 514-933-6435 Key Metrics (Canada) Total Assets................................................................................................ Total Liabilities............................................................................................ Head Office Account.................................................................................. Total Premium Income............................................................................... Net Income................................................................................................. Non-Participating In Canada Business Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Individual A&S Premiums Written............................................................... Group A&S Premiums Written....................................................................
Key Metrics (Canada) Total Assets................................................................................................ Total Liabilities............................................................................................ Head Office Account.................................................................................. Total Premium Income............................................................................... Net Income................................................................................................. Non-Participating In Canada Business Group Life Premiums Written..................................................................... Group A&S Premiums Written....................................................................
Life 1
Paul M. Field, CEO Box 557, 100 King St W Hamilton ON L8N 3K9 905-523-5587; Fax 905-528-4685 Key Metrics Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income................................................................................................. Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Individual A&S Premiums Written............................................................... Group A&S Premiums Written....................................................................
Life 1
95,343,261,000 84,183,029,000 11,160,232,000 11,810,631,000 1,571,565,000 900,233,000 628,251,000 836,631,000 643,557,000 164,070,000 2,762,369,000 127
17/05/11 9:13 AM
TRANSAMERICA
Doug Brooks, C.E.O. 5000 Yonge St Toronto ON M2N 7J8 416-883-5000 Fax 416-883-5114 Key Metrics Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income................................................................................................. Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Individual Annuity Premiums Written......................................................... Individual A&S Premiums Written...............................................................
L’UNION-VIE, COMPAGNIE MUTUELLE D’ASSURANCE
Jacques Desbiens, F.S.A. F.I.C.A., C.E.O. 142, rue Heriot Drummondville QC J2C 1J8 819-478-1315 Fax 819-474-1990 lpellerin@union-vie.qc.ca Key Metrics Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income................................................................................................. Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Individual Annuity Premiums Written......................................................... Individual A&S Premiums Written............................................................... Group A&S Premiums Written....................................................................
Life 1 THE WAWANESA LIFE INSURANCE COMPANY
6,034,112,000 5,159,654,000 874,458,000 380,290,000 –23,017,000 327,978,000 50,910,000 1,107,000
K. McCrea, President & CEO 400-200 Main St Winnipeg MB R3C 1A8 204-985-3940 Fax 204-985-3872 www.wawanesalife.com Key Metrics Total Consolidated Assets......................................................................... Total Consolidated Liabilities..................................................................... Total PH and Shareholder Equity (inc. non-controlling interests).............. Total Consolidated Premium Income......................................................... Net Income................................................................................................. Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written................................................................ Group Life Premiums Written..................................................................... Individual Annuity Premiums Written......................................................... Group A&S Premiums Written....................................................................
Life 1
603,682,000 487,088,000 116,594,000 95,816,000 1,494,000 21,726,000 4,048,000 25,958,000 22,552,000
Life 1
865,145,000 715,228,000 149,917,000 70,956,000 15,115,000 27,866,000 1,659,000 7,692,000 1,964,000 25,844,000
ADVERTISERS’ INDEX ACE INA Insurance The ARC Group Canada Inc. Aviva Canada Inc. AXA Canada AXIS Reinsurance Company (Canadian Branch) The Boiler Inspection and Insurance Company of Canada Brovada canadianunderwriter.ca Canadian Litigation Counsel Canadian Underwriter – Insurance Media Group Caisse Centrale De Reassurance (CCR) CARSTAR Automotive Canada Chartis Insurance CNA Canada CSN Collision & Glass Compu-Quote, Inc. Co-operators General Insurance Company Crawford & Company (Canada) Inc. Cunningham Lindsey Canada Duck Creek Technologies e2Value Inc. The Economical Insurance Group FirstOnSite Restoration FM Global Giffen Koerth Smart Forensics Grain Insurance and Guarantee Company Guidewire Software, Inc. 128
p 126-129 2011 LIFE.indd 128
71 25 73 75 19 Bookmark 4,5 125 17 130 117 51 79 77 41 131 (IBC) 81 43 9 47 13 83 22, 23 85 29 87 57
Great American Insurance Group 11 GroupOne Underwriters 2 (IFC) The Guarantee Company of North America 89 Guy Carpenter 21 i-hire.ca 10, 12 Impact Auto Auctions 37 Insurance Institute of Canada 3 instouch.com 129 Intact Insurance 91 Ironshore Canada Ltd. 95 Lavery, de Billy LLP 35 Liberty International Underwriters 93 NICC 15 Paul Davis Systems (PDS) 31 Peace Hills Insurance 101 Pencross Financial Corporation 27 RSA – Royal & Sun Alliance Insurance Company of Canada 103 SPECS – Specialized Property Evaluation Control Services Limited 39 ServiceMaster of Canada Limited 14 The Sovereign General Insurance Company 107 Transatlantic Reinsurance Company 33, 123 Travelers 111 TOA Re 55 The Wawanesa Mutual Insurance Company 113, 132 (OBC) WINMAR 28 XL Insurance 7 Zurich Canada 115
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25/05/11 11:30 AM
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