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Annual Statistical Issue 2008
www.canadianunderwriter.ca
June 2008
2 0 0 8 S TAT I S T I C A L I S S U E
Let's Change Insurance
2007 INSURER RESULTS:
SLIPPERY SLOPE
A BUSINESS INFORMATION GROUP PUBLICATION Publications Mail Sales Agreement #40069240
p 02 Aviva
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Customers are frustrated. What do we do? a) Let’s continue doing what we’ve always done b) Let’s do nothing and ignore what they have to say c ) Let’s Change Insurance
Talk to your local Aviva business development team today. Let’s Change Insurance.
p 03 Institute
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Player or spectator?
A CIP Designation is like a hole in one. To excel at golf, you need the right tools, the coaching of a trained professional and the willingness to manage your game to win. Whether you’re a broker, an underwriter, adjuster or actuary, a Chartered Insurance Professional designation will give you a significant edge when the final score is on the line. The internationally recognized 10 course program puts an emphasis on practical application of theoretical knowledge. It builds on your experience and helps you to elevate your game. Through extensive public marketing, both insurance consumers and employers are learning the value of a CIP designation and understand that it indicates the pinnacle of the profession. Contact your local Institute or Chapter today to register for the upcoming semester. Choose an in-class program, taught at a location near you, or distance learning courses.
Are you ready to improve your scorecard?
www.insuranceinstitute.ca 1-866-362-8585
The Professional Standard
p 04-5 Guy Carp
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THE FUTURE IS BRIGHT A "Our Toronto office is growing, thanks, in part, to these talented colleagues." Don Callahan, CEO
France Fortin, FCAS, FCIA Senior Vice President
Scott Jellous, BBA, MBA Assistant Vice President
Kimiko Perkins, BMath Assistant Vice President
"I appreciate the emphasis our firm places on hiring the best qualified people from diverse backgrounds."
"My
"I
MBA has helped me structure unique financially driven reinsurance solutions for our clients."
enjoy being part of Instrat and applying very sophisticated models to our clients' businesses, enabling the brokers to devise innovative solutions to managing their risk."
Geoffrey Lubert, Hons. BA, MBA, ARe Vice President "My two and a half years working in the Guy Carpenter offices in New York, Norwalk, CT and London have provided me with a valuable skill set, which I have been able to apply here in Canada."
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T AT GUY CARPENTER
Isabelle Groleau, FCAS, FCIA Vice President
Ken Mok, BA, FCIP, CRM Assistant Vice President
"Being an actuary and having been an underwriter at two large reinsurers allows me to bring a unique view to my broking role at Guy Carpenter."
"I believe that our i-aXs model is clearly the best portfolio and exposure management tool available."
Anya Sri-Skanda-Rajah, FCAS, FCIA Senior Vice President "GC's
Global Specialty Practices are a great concept and I enjoy being so involved with one of them in particular - Agriculture."
Jamie Lyons, Hons. BA, MBA Vice President
"I enjoy the team approach here at Guy Carpenter and because of our client centric focus, we are able to deliver significant and strategic value to our customers every day."
www.guycarp.com
p 06 Contents
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CATHY DONAGHY Associate Editor (416) 510-6840 cathy@canadianunderwriter.ca STEVE WILSON Senior Publisher (416) 510-6800 Fax: (416) 510-6809 steve@canadianunderwriter.ca PAUL AQUINO Associate Publisher (416) 510-6788 paul@canadianunderwriter.ca MIKE WELLS Account Manager (416) 510-5122 mike@canadianunderwriter.ca CHRISTINE GIOVIS Sales Representative (416) 510-5114 christine@canadianunderwriter.ca GARY WHITE Production Manager (416) 510-6760 VALERIE PERROTT Editorial Art Director PHYLLIS WRIGHT Print Production Manager BRUCE CREIGHTON President ALEX PAPANOU Vice President Subscription inquiries (416) 442-5600 1-800-668-2374 Fax: (416) 442-2191 VISIT OUR WEBSITE AT: www.canadianunderwriter.ca MEMBER AUDIT BUREAU OF CIRCULATION
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, Toronto, Ontario M3J 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. We acknowledge the financial support of the Government of Canada through the Canada Magazine Fund toward our editorial costs. ©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.
6
VOL. 75, NO. 6, JUNE 2008 PUBLISHED BY BUSINESS INFORMATION GROUP
Index To Company Tables.................................................................................................................8, 10 Index To Reinsurance Companies........................................................................................................12 Index To Life Insurance Companies......................................................................................................14 Editorial Summary................................................................................................................................20 How The Private Companies Rank (Total Business) N.P.W............................................................36, 38 How The Private Companies Rank (Property) N.P.W...........................................................................42 How The Private Companies Rank (Automobile) N.P.W.......................................................................44 2007 Underwriting Results Table — General Companies ........................................................46, 48, 50 2007 Reinsurance Results Table..........................................................................................................62 Total Direct Written Business — By Province...........................................................................52, 54, 56 Direct Written Auto — By Province.................................................................................................58, 60 Direct Written Property — By Province ..........................................................................................66, 68 Five Year Record By Classes ...............................................................................................................64 2007 Total Insurance In Canada By Type Of Company........................................................................81 2007 Automobile Insurance In Canada By Type Of Company .............................................................81 2007 Property Insurance In Canada By Type Of Company..................................................................81 2007 Remaining Coverages In Canada By Type Of Company.............................................................81 2007 Total Insurance In Canada By Nationality Of Company...............................................................80 2007 Automobile Insurance In Canada By Nationality Of Company ....................................................80 2006 Property Insurance In Canada By Nationality Of Company ........................................................80 2007 Remaining Coverages In Canada By Nationality Of Company ...................................................80 2007 Underwriting Profit Producers .....................................................................................................70 2007 Underwriting Loss Producers ......................................................................................................70 2007 Canadian Underwriting Experience By Companies ....................................................................82 2007 Reinsurance Companies Results ..............................................................................................132 2007 Life Insurance In Canada ..........................................................................................................144 2007 Provincial Government Insurers ................................................................................................147 LEADING COMPANIES — DIRECT WRITTEN BASIS Accident & Sickness........................................78 Legal Expense...............................................79 Aircraft ............................................................78 Liability...........................................................79 Boiler & Machinery ..........................................78 Marine............................................................78 Credit ............................................................78 Other Approved Products ..............................79 Credit Protection..............................................79 Surety ............................................................79 Fidelity ............................................................78 Title................................................................79 Hail ............................................................79 LEADING COMPANIES IN THE PROVINCES — DIRECT WRITTEN PREMIUMS Total Business ................................................................................................................................72, 73 Property..........................................................................................................................................74. 75 Automobile......................................................................................................................................76, 77 To Order Extra Copies Of This Publication Call Customer Service 1-800-668-2374 canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 07 Markel
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It’s like having a trucking specialist on your staff. We make it our business to be your resource on trucking. Markel has been specializing exclusively in the industry for over half a century, providing unparalleled support through our unique products and services. Partnering with Markel means you have a reliable team of specialists on your side, ready to help you win and service trucking accounts across Canada. You don’t need to be a trucking expert to succeed in this industry. Leave that to us. To learn how we can help you succeed in trucking, call a broker relations manager at 1•888•MARKEL•1.
We make trucking easy. www.markel.ca/broker
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COMPANY INDEX ACE INA Insurance ........................................................................82 Affiliated FM Insurance Company .............................................82 Alberta Motor Association Insurance Company ........................82 Allianz Global Risks US Insurance Company ...........................84 Allstate Insurance Company Of Canada...................................84 American Bankers Insurance Company of Florida ...................84 American Home Assurance Company ......................................84 American Road Insurance Company ........................................86 Antigonish Farmers’ Mutual Fire Insurance Company ..............86 Arch Insurance Company .........................................................86 Aviva Canada Inc. .....................................................................88 AXA Canada Inc. - Group of Companies ..................................86
Jevco Insurance Company ...........................................................106
BCAA Insurance Corporation .........................................................88 The Boiler Inspection & Insurance Company Of Canada .........88 British Aviation Insurance Company Limited ............................88
Markel Insurance Company Canada ............................................112 The Mearie Group ...................................................................110 Mennonite Mutual Fire Insurance Company ...........................111 Mitsui Sumitomo Insurance Company Limited........................111 Motors Insurance Corporation ................................................111 The Mutual Fire Insurance Co. Of British Columbia ...............111
CAA Insurance Company (Ontario)................................................90 Canadian Direct Insurance .......................................................90 Canadian Northern Shield Insurance Company .......................92 La Capitale Compagnie D’Assurance Generale .......................90 Centennial Insurance Company................................................92 Chubb Insurance Company Of Canada ....................................90 Clare Mutual Insurance Company ............................................92 CNA Canada Group ..................................................................92 Coachman Insurance Company .............................................121 Commerce & Industry Insurance Company Of Canada............93 The Commonwealth Insurance Company...............................112 Co-operative Hail Insurance Company Limited ........................93 Co-operators General Insurance Company ..............................94 Cumis General Insurance Company .........................................94 Daimler Chrysler Insurance Company ...........................................94 Desjardins General Insurance Group .......................................94 The Dominion Of Canada General Insurance Company ..........96 Eagle Star Insurance Company Limited .........................................96 Echelon General Insurance Company ......................................96 The Economical Insurance Group ............................................96 Employers Insurance Company Of Wausau .............................98 Le Groupe Estrie-Richelieu Compagnie D’Assurance ..............98 Euler Hermes American Credit Indemnity Company ................98 Everest Insurance Company Of Canada ................................100 Federated Insurance Company Of Canada .................................114 First Canadian Title .................................................................102 FM Global .................................................................................98 GCAN Insurance Company ..........................................................100 Gore Mutual Insurance Company ...........................................100 Grain Insurance & Guarantee Company.................................102 The Guarantee Company of North America ...........................100 Hanover Insurance Company.......................................................102 Hartford Fire Insurance Company...........................................104 ICAROM PLC ...............................................................................104 Industrielle Alliance Compagnie D’Assurances Generales .....104 ING Canada ............................................................................102 Innovative Insurance Corporation ...........................................104 8
The Kings Mutual Insurance Company ........................................108 Kingsway Financial Services Inc.............................................106 Kingsway General Insurance Company..................................106 Legacy General Insurance Company ...........................................108 Liberty Mutual Group ..............................................................108 Lloyd’s Underwriters ...............................................................108 Lombard Canada Group .........................................................112 London & Midland General Insurance Company ....................110 Lumbermens Mutual Casualty Company ................................110 Lumbermen’s Underwriting Alliance .......................................110
National Liability & Fire Insurance Company ...............................114 Northbridge Financial Corporation ..........................................114 North Waterloo Farmers Mutual Insurance Company ............118 Old Republic Insurance Company of Canada ..............................114 Omega General Insurance Company .....................................119 Ontario Mutual Insurance Association ....................................115 Ontario School Board’s Insurance Exchange .........................115 Optimum Assurance Agricole Inc............................................116 Optimum General Inc. .............................................................116 Optimum Societe D’Assurance Inc. ........................................116 Optimum West Insurance Company .......................................116 Pacific Coast Fishermen’s Mutual Marine Insurance Company ...115 Pafco Insurance Company......................................................117 Peace Hills General Insurance Company ...............................117 Pearl Assurance PLC..............................................................117 Pembridge Insurance Company .............................................118 Pool Insurance Company........................................................118 The Portage La Prairie Mutual Insurance Company ...............118 The Insurance Company Of Prince Edward Island .................122 P.E.I. Mutual Insurance Company ..........................................117 Providence Washington Insurance Company .........................118 RBC General Insurance Company ...............................................119 RBC Insurance Company of Canada......................................119 Red River Valley Mutual Insurance Company ........................119 Royal & Sun Alliance Insurance Group...................................119 St. Paul Fire and Marine Insurance Corporation ..........................124 Saskatchewan Mutual Insurance Company............................120 SecuriCAN General Insurance Company ...............................120 Security Insurance Company of Hartford ................................120 Sentry Insurance, A Mutual Company ....................................120 SGI Canada ............................................................................121 SGI Canada Group .................................................................121 SGI Canada Insurance Services.............................................121 Sompo Japan Insurance Inc. ..................................................122 The Sovereign General Insurance Company..........................122 (Continued On Page 10)
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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The strength, experience and flexibility to protect business against risk
PROPERTY I CASUALTY I PROFESSIONAL I SPECIALTY The XL Insurance companies are chosen every day by more and more of the world’s leading businesses for the strength of our capital, the depth of our expertise, and the breadth of our product offerings. Our comprehensive product line includes property, casualty, professional and specialty lines such as aerospace, energy, environmental, and marine. Solutions are custom-tailored to your needs by our highly-skilled people who provide exceptional knowledge and responsive service. XL Insurance Company Limited is rated: A+ by S&P, A (Excellent) by AM Best, A1 by Moody’s, A + by Fitch. Experience our strength: www.xlinsurance.com
“XL Insurance” is a registered trademark of XL Capital Ltd. XL Insurance is the global brand used by member insurers of the XL Capital Ltd group of companies. In Canada, coverages are underwritten by the Canadian branch of XL Insurance Company Limited. Coverages not available in all jurisdictions. Ratings accurate as of February 1, 2008.
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COMPANY INDEX SSQ, Societe D’Assurances Generales Inc. ...........................122 State Farm Fire & Casualty Company ....................................124 State Farm Insurance Company .............................................128 State Farm Mutual Automobile Insurance Company ..............124 TD Meloche Monnex ....................................................................126
L’Unique Compagnie D’Assurances Generales ...........................127 Utica Mutual Insurance Company Limited ..............................127 Virginia Surety Company Inc. .......................................................128 The Wawanesa Mutual Insurance Company ...............................128 Western Surety Company .......................................................128
Temple Insurance Company ...................................................126 TIG Insurance Company .........................................................126 The Tokio Marine & Nichido Fire Insurance Company Limited126 Travelers Guarantee Company of Canada .............................127 Trisura Guarantee Insurance Company..................................127
XL Insurance ................................................................................128 York Fire & Casualty Insurance Company ...................................106 Zurich Canada ..............................................................................130
Broker Choice – Customer Value Group Medical Services is the insurance broker’s trusted choice for individual health, travel insurance and comprehensive group benefit plans.
Health, Travel and Group Benefit Plans • Individual Health with Drug and Dental • Travel Medical Insurance, Daily and Annual • Trip Cancellation & Interruption, Baggage
With GMS in your insurance mix, you’ll build healthy customer relationships and your business.
• Visitors & Immigrants to Canada Medical • Group Health, Drug, Dental, Life & Disability
1-800-667-3699 • www.gms.ca Group Medical Services is the operating name for GMS Insurance Inc.in provinces outside of Saskatchewan.Products not available for sale in Quebec, New Brunswick, Nunavut,Yukon and the Northwest Territories.
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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Your Right Choice For Quality Claims Solutions At Cunningham Lindsey, we offer you more than just claims handling know-how. You’ll receive customized solutions unique to your claim or program requirements; online claims tracking and comprehensive management reporting; an expanded network of skilled adjusting professionals both here and abroad; and the highest level of service in the industry with performance reports to prove it. We’re working hard to make your choice for the right claims partner that much easier.
Introducing the Cunningham Lindsey Canada management team: (l-r) Albert Poon, Vice President, Strategic Development and Claims Management Services; Gary Dalton, Sr. Vice President, Western Region; Lorri Frederick, Sr. Vice President, Central Region; Rob Seal, President and CEO; Gerald Mallet, Vice President, Atlantic Region; Claudine Davoodi, Sr. Vice President, Quebec Operations; Mike Finch, Vice President, Information Technology; Mark Samis, Vice President, ENVIRONMENTAL SOLUTIONS® Remediation Services; Hari Subramania, Vice President, Finance North America.
Visit our website at www.cunninghamlindseycanada.com or email us at corpservices@cl-na.com.
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REINSURANCE COMPANIES Alea Europe Ltd............................................................................132 American Agricultural Insurance Company.............................132 AXA Re ...................................................................................132
Paris Re........................................................................................138 PartnerRe Canada ..................................................................138 Promutuel Reassurance .........................................................139
Caisse Centrale de Reassurance.................................................132
Scor Canada Reinsurance Company ...........................................139 Scor Reinsurance Company ...................................................139 Sorema North America Reinsurance Company ......................139 Swiss Reinsurance Company .................................................140 Swiss Reinsurance Company Canada ...................................140 Swiss Reinsurance Group ......................................................140
Employers Reinsurance Corporation ...........................................142 Everest Reinsurance Company ..............................................134 Farm Mutual Reinsurance Plan ....................................................134 Folksamerica Reinsurance Company .....................................134
Hannover Ruckversicherung AG ..................................................135
Terra Nova Insurance Company Limited......................................142 T.H.E. Insurance Company.....................................................142 The Toa Reinsurance Company of America ...........................142 Transatlantic Reinsurance Company ......................................143
The Insurance Corporaton of New York .......................................135
XL Reinsurance America, Inc. Canadian Branch .........................143
General Reinsurance Corporation................................................134
MAPFRE Re Compania De Reeaseguros, S.A............................135 Munich Reinsurance America Inc ...........................................136 Munich Reinsurance Company Of Canada ............................136 Munich Reinsurance Group ....................................................136
PROVINCIAL GOVERNMENT INSURERS
Nipponkoa Insurance Company Limited ......................................148 North American Specialty Insurance Company ......................140 Odyssey America Reinsurance Corporation ................................138
Saskatchewan Auto Fund ............................................................147
Insurance Professionals Know Where to Look for Their Next Career Move.
FOUND MY JOB AT
Get the job. Done. TM
12
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LIFE INSURANCE COMPANIES Aetna Life Insurance Company ....................................................144
The Manufacturers Life Insurance Company ...............................145
American Health & Life Insurance Company ..........................144 AXA Assurances Inc. ..............................................................144
Primerica Life Insurance Company Of Canada ............................145
Blue Cross Life Insurance Company of Canada ..........................144
Reliable Life Insurance Company ................................................145 RGA Life Reinsurance Company Of Canada .........................145
Canadian Premier Life Insurance Company of Canada ...............144 Canassurance, compagnie d’assurance-vie inc. ....................144
SCOR Global Life .........................................................................145
Cigna Life Insurance Company Of Canada ............................144
State Farm International Life Insurance Company Ltd. ..........145
Combined Insurance Company of America ............................144 Connecticut General Life Insurance Company .......................144 CUNA Mutual Insurance Society ............................................144 General American Life Insurance Company ................................145 Gerber Life Insurance Company .............................................145
Stonebridge Life Insurance Company.....................................146 Sun Life Assurance Company Of Canada ..............................146 Transamerica Life Insurance Company Of Canada .....................146 L’Union-Vie, compagnie mutuelle d’assurance ............................146
Hartford Life Insurance Company ................................................145
Unity Life of Canada ...............................................................146
Life Insurance Company Of North America..................................145
The Wawanesa Life Insurance Company ....................................146
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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profit: n. the net amount of revenue remaining after expenses. Add to expenses the cost of your time. Chubb Insurance better defines its policies. That saves you time and money. It provides more certainty in coverage and more efficient claims service.
If profit is how your results are defined, Chubb is your recommendation.
Chubb Defines Insurance www.chubbinsurance.com Chubb Insurance refers to Chubb Insurance Company of Canada. The precise coverage offered is subject to the terms, conditions and exclusions of the policy as issued.
p 16 Profit & Loss chart 2008
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UNDERWRITING PROFIT/LOSS IN CANADA 1997-2007
PROPERTY/CASUALTY COMPANIES
LICENSED REINSURERS
+3366.4
+2720.6
+2381.8
+2374.4
+232.7
+248.2
+172.9 +116.4
+90.0 1997
1998
1999
2000
2001
2002
2003
+7.6 2004
2005
2006
2007
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
-58.9
-76.6 -396.1
-184.8 -871.9
-1339.0
-1396.0
-1940.6
-3117.9
All profits and losses indicated in millions of dollars
16
-223.2
-236.5
-983.9
All profits and losses indicated in millions of dollars
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 17 Cdn Lit
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Often Imitated Never Duplicated L
LITIGATION AND RISK N
MANAGEMENT NEEDS
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FROM COAST TO COAST
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SERVING YOUR INSURANCE
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CANADIAN LITIGATION COUNSEL
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also provides access to litigation and advisory services in the United States through our relationship with THE HARMONIE GROUP
www.harmonie.org MEMBER FIRMS
Whitelaw Twining Law Corporation • Brownlee LLP McDougall Gauley LLP • D’Arcy and Deacon LLP McCague Peacock Borlack McInnis & Lloyd LLP • Robinson Sheppard Shapiro LLP Bingham Robinson MacLennan Ehrhardt Teed • Benson Myles Huestis Ritch • Campbell Lea
For general information call Deborah Robinson at 416-860-8392 or 1-866-CLC-5515 (1-866-252-5515)
www.clcnow.com
p 18-19 Steamatic
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Ask all your questions to our restoration specialist, and get RIBO credits, from 2008 to 2010! Steamatic Canada is offering a series of 4 training sessions that covers all aspects of IICRC standards. When it comes to damage by water, fire, contamination or any other disaster, you know how insurance claims can be complex and highly technical in their application. But armed with the correct know-how on the subject, you will be able to choose your suppliers and control your costs in order to reduce your loss ratio.
Sign up for our continuing education program and
Master all the different aspects of disaster restoration… And you’ll get RIBO credits!
Our 4 training sessions will help you with exactly these aspects of disaster claims and they are a part of the mandatory training program that is required for all ChAD members since September 1 st , 2001. This special training is specially designed for insurance agents, disaster specialists, brokers and risk management specialists. These training sessions are presented by Mr. Charles Sabourin, Director of Operations for Steamatic Canada Inc. As he explains, “In order to have good relations between disaster specialists and restoration experts, I think it’s important for insurers to identify these standards and fully understand our intervention within disaster cases.”
To get more information on our continuing education program and for dates and other details, please contact Anna Palmucci at 514-351-7500.
The total cleaning and restoration specialist
p 18-19 Steamatic
st,
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8:18 AM
THE DISASTER RECOVERY SPECIALISTS NETWORK REGION
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Page 19
ONTARIO Barrie Blind River Brant County Cornwall Durham GTA East GTA West Halton Hamilton Mississauga Orangeville Ottawa/Carleton Owensound Renfrew Thunder Bay WESTERN CANADA Lethbridge, ALB Saskatoon, SASK Winnipeg, MAN Yorkton, SASK ATLANTIC PROVINCES Deer Lake, NFL Fredericton, N.B. Moncton, N.B. St-John's, NFL QUÉBEC Abitibi-Témiscamingue Amiante Beauce Côte-Nord/Baie Comeau Granby Jonquière Lachute/Argenteuil Lac St-Jean Lanaudière Laurentides Laval Lévis/Montmagny Mauricie Montérégie Montréal Metro Outaouais Québec Québec Center Rimouski Rivière-du-Loup Saguenay Sherbrooke Sorel South Shore/Boucherville St-Hyacinthe Victoriaville
TELEPHONE
CONTACT
705-428-5236 705-356-7331 519-756-1860 613-938-2864 905-686-5854/1-877-897-8326 905-686-5854/1-877-897-8326 905-625-3521 905-877-2320 905-387-0662/1-800-668-5075 905-625-3521 519-941-8141 613-739-3920/1-800-460-3707 519-372-2206 613-432-3871 807-577-1944
Trevor Garbutt Martin and Kim Graham Ivan Wood Stephane Lavictoire / Richard Comtois Tim and Wayne Small Tim and Wayne Small Ernest D'Ippolito Upul Gunasinghe Dave Thompson Ernest D'Ippolito Shane and Trish Bradley Stephane Lavictoire / Richard Comtois Michael Cochrane Stephane Lavictoire / Richard Comtois Brady Scavarelli
403-327-3250 306-382-8411 204-786-3344 306-783-4131 / MARITIMES 709-635-5772 506-455-8192 506-384-7620 709-726-0220 819-797-6668/1-888-797-6668 418-332-3757/1-877-335-6482 418-227-5050/1-888-227-5974 418-296-0665 450-777-3234 418-542-9055/1-800-661-1155 450-562-8141/1-877-431-6655 418-668-5054/1-800-661-1155 450-471-0192/1-888-328-2488 450-431-6655/1-877-431-6655 450-688-2000 418-527-5050/1-800-241-9233 819-379-7969/1-800-363-3100 514-821-9607 514-351-1234/1-800-215-8621 819-669-6161 418-527-5050/1-800-241-9233 819-474-5050/1-800-363-3100 418-894-8552/1-866-848-4775 418-867-4775/1-866-848-4775 418-690-1155/1-800-661-1155 819-565-4343/1-866-565-4343 450-746-7630/1-800-363-3100 450-641-6262/1-877-641-6262 450-771-6720/1-800-363-3100 819-752-6261/1-800-363-3100
Dereck and Tara-Lynn Crozier James and Cindy Yachyshen Ken Klassen / Glen Smith Barry Boehm David Denny Chris Kilburn Duane and Lynda Somerville Irwin Melamed Martin Lussier / Sandra Paradis Martin Morissette Martin Morissette Roger Cormier Denis Noble Alain Roy Bernard Grelier Alain Roy André Demers Bernard Grelier Jean-François Ouellet Jean-Luc Lavoie René Toutant Robert Cormier Alex Ashby Stéphane Lavictoire / Richard Comtois Jean-Luc Lavoie René Toutant Stéphane Fournier Stéphane Fournier Alain Roy Denis Noble René Toutant Abdelkader Beldjord René Toutant René Toutant
For more information on our franchise network, PLS contact Charles Sabourin: Tel.: 1 800 215-8621 ext. 310 / Email: csabourin@steamatic.ca
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SLIPPERY SLOPE
Once again, there was no turmoil from a
major M&A, no mayhem from a significant manmade or natural catastrophe, and no
uncertainty from a nonsensical legal ruling. For the second year running, there did prove to be a little bit of rest for the weary but industry observers see results hitting a slippery slope.
T
he year in review marked yet another wholly unextraordinary one where the big story (once again) is that there really isn’t one - at least not in the sense of a CNN-esque breaking report that has a person sitting on the edge of his or her seat. Again, no big M&As and no substantial natural catastrophe or technical losses.
By Glenn McGillivray Managing Director Institute for Catastrophic Loss Reduction 20
One thing is certain, the lack of stress for the industry the last few years has lead to great stress for this writer: How does one crank out 4,000 words about the industry year after year when there isn’t much to be said? (Continued On Page 22) canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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Why is our ability to listen, innovate and share a passion for their success so important to our clients?
It’s what wedo to make them f a s t e r , b e t t e r and s t r o n g e r .
Serving the insurance and risk management needs of Canadians from coast to coast. For more information, please visit us at www.aon.ca.
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(Continued From Page 20)
INDUSTRY PERFORMANCE
According to the Property and Casualty Insurance Compensation Corporation (PACICC), the favourable conditions of the last few years have weakened. Premium and claims trends indicate that while still profitable, the industry’s net income and return on equity (ROE) are falling and solvency risk is increasing.
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While the cycle is turning for the worse, the downturn is not expected to be as severe as the previous soft cycle because claims costs are not growing at the alarming rate experienced in the late 1990s. Also, insurance companies have better adapted to a low interest rate environment. However, the combination of rising claims costs and economic developments in the latter part of 2007 (i.e. the subprime crisis and the strengthening of the Canadian dollar) warn that 2008 could be a more volatile period for Canadian insurers. Taking industry results from 2007 and carrying them forward three years over two different scenarios, IBC’s vice president of policy and chief economist Jane Voll painted a potentially dark picture of the industry going forward. In Voll’s two settings, which she outlined to those attending Swiss Re’s annual breakfast April 4, the industry continues its current trend of deteriorating results (i.e. premium shrinkage and claims growth) over a catastrophefree period. In the second, the same industry performance is replicated, however catastrophes costing $1.5 billion, $500 million and $500 million are spread over each of the three years, respectively. For scenario one, “...if we continue 2007’s trend of deterioration of premiums and claims, by 2010 we would see a 5 per cent deterioration in the combined ratio (from 93.7 per cent in 2007 to 98.4 per cent in 2010). The ROE would fall from 14.5 per cent in 2007 to 11.1 per cent in 2010,� said Voll. “For Scenario 2...we get very close to 100 per cent by 2010 on the combined ratio, losing a lot of money, and ROE would fall to something in the range of 5 per cent,� she continued. “We’re on a very slippery slope, and what will happen in 2008 is anyone’s guess.� For every dollar of revenue they generate in premiums and investment (Continued On Page 24)
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income over the course of an industry cycle, insurers pay 66.7 cents on the dollar for claims, 14 cents of each dollar for taxes, 18.4 cents for operating expenses and almost one cent back to capital. “Not a very attractive position from a shareholder’s perspective,” Voll noted. Moving into 2008, given the claims growth trend, “In Ontario auto we are looking at a situation now where $1 of revenue is going to equate to 73 cents of claims, 19.3 cents in expenses, 8.9 cents to taxes, and insurers will be coughing up capital of 1.5 cents on the dollar in order to keep that business afloat.” In the key auto insurance segment, which represents nearly half of the industry by premium volume, claims costs in 2007 increased nearly three times faster than premiums, says PACICC. Such costs have been stable or declining modestly in the liability seg-
ment of the automobile insurance product. The February 2008 decision of Alberta Court of Queen’s Bench regarding caps on minor personal injuries, if upheld on appeal, will impose significant unreserved costs on insurers in Alberta and Atlantic Canada, and will
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likely reverse the trend in liability claims costs. Noting current trends in Ontario auto, a key segment in the Canadian insurance market representing about one-quarter of the premiums written in
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the country by private p&c carriers, Voll said the product is currently losing money on both the accident benefits and third party liability side, turning marginal profits into deficits moving into 2008. As of mid-2007, the loss ratio on the accident benefits side climbed from its 2006 level of 81 per cent to 100 per cent, she noted. “Sometimes we have a situation where we’re losing on accident benefits, but we’re gaining claims savings on the other side of the product. Not so in Ontario. We’re losing from both sides of the house,” she said. After a lull in 2006, property insurance claims costs during 2007 were once again influenced by severe weather. Wildfires in Trail, B.C. and Northwestern Ontario; flooding in Calgary (June), Terrace, B.C. (May/
Page 25
June), Quebec (August) and Surrey, B.C. (September); wind damage in Vancouver (late 2006/early 2007); tropical storm Chantel in Newfoundland and Labrador (August); tropical storm Noel in the Maritimes (November); a tornado in Elie, Manitoba - Canada’s first-ever F5 event (June); and seasonal storms in the Prairies adversely affected property lines across the country. According to Aon Re Global analysis, traditional property catastrophe reinsurance program pricing is anticipated to continue softening during mid-year renewals. Price reductions will be a higher priority for cedents, while terms and conditions are expected to improve, Aon noted in a release April 15. But the underlying fundamentals that drove the softening of price and terms and conditions at January 1, 2008 are expected to continue though the
June and July renewal season, Aon reported. Aon Re Global’s market expectations for the June 1 and July 1 renewals for Canada include a -7.5 per cent to -12.5 per cent rate-on-line change, a capacity change of 10 per cent to 15 per cent and a stable retention change. On the liability side, one facultative reinsurance underwriter noted that he has been seeing average premium decreases in the 10 to 15 per cent range (Continued On Page 26)
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on most renewals, with occasional as-is or slight increases if the exposure is up more significantly. He noted that client companies have been reducing renewal premiums in some cases by just 10 to 15 per cent, but in many cases by much higher to retain accounts. Reductions of 25 per cent and even as much as 50 per cent are not unheard of as “nobody seems to want to lose a renewal account right now.” The good news, he notes, is that - so far - casualty terms and conditions have remained firm. “Typically the larger size premium accounts are under the most intense competition and those are the ones that can see up to 50 per cent premium decreases on renewal, and brokers are quite prepared to re-market all their accounts because they are under very intense competition. The London market is very aggressive and seem to be very partial to writing Canadian business,” he said. “Though we like to hope that we are near the bottom of the cycle, we likely aren’t, and the market will probably get worse throughout 2008 and 2009. Hopefully we will start to see some tightening by 2010. Casualty loss ratios are sliding, so eventually there will be a market correction and rates will go up. But how long that will take remains to be seen,” he said. Overall, industry underwriting profitability is down, driven by worsening loss ratios in all lines of business, says PACICC. The number of insurance companies experiencing net losses in 2007 was greater than at any time since 2001 and 2002, a period that saw the insolvency of three Canadian p&c insurance companies. THE SUBPRIME CRISIS
According to BestWeek Europe (canadianunderwriter.ca - April 16), the scale of the subprime crisis so far is having 26
the equivalent impact on the insurance industry as a Category 5 hurricane hitting Miami. For Q1 2008, D&O and E&O claims and litigation linked to the subprime crisis are currently up 400 per cent year-on-year, Greg Flood, president of Ironshore Insurance’s professional liability facility, IronPro, told BestWeek Europe.
in the insolvency of a Canadian p&c insurer, although convergence of the two could present a challenge. Also, it said, with many p&c insurance companies being part of a financial group or conglomerate encompassing financial institutions outside of the insurance industry, some insurers may have affiliates or parents with subprime exposure.
Canadian insurers have little direct exposure to subprime paper as most insurer assets are invested in high quality government bonds and few equities. According to PACICC, alone, neither the subprime crisis nor an economic downturn is directly expected to result
STRONG DOLLAR
According to PACICC, the vast majority of p&c insurance company transactions and assets are in Canadian dollars and are unaffected by currency mar(Continued On Page 28)
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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kets. Besides direct transactions and foreign currency denominated investments, insurers may be exposed to currency fluctuations through other channels, including: reinsurance; ownership of foreign subsidiaries; cross-border claims activity; exposure from a foreign parent company; and, through the impact on the broader economic environment. Foreign parents of Canadian insurers would be exposed to currency fluctuations in the preparation of the consolidated financial statements for the parent company, PACICC says. With Canadian dollar appreciation, the value of the Canadian operations would have increased. A higher Canadian dollar makes it more expensive for a foreign parent to provide capital to its Canadian subsidiaries. If the higher Canadian dollar persists, particularly against the U.S. and European currencies, and market conditions continue to soften, this may become a larger consideration. LOOKING AHEAD
The p&c industry outlook for 2008 is potentially more turbulent than it has been in the past few years, says PACICC. Fewer companies are recording an underwriting profit than a year ago. Deteriorating underwriting results, subprime exposures to parents and affiliates, volatility in financial markets particularly in interest rates - and the threat of severe weather events represent the most immediate risks to insurers going forward. While the industry is well capitalized, having finally rebuilt the capital that was lost during the period 2000 to 2002, large variations persist in insurer financial health. If the threat of an economic downturn in the United States materializes, it has the potential to reduce growth opportunities and make policyholders more resistant to price increases. In this 28
environment, downward pressure on premiums from the demand side combined with rising claims costs may place increased stress on the solvency of Canadian p&c insurers. MANAGING THE CYCLE
Contrary to popular belief, the insurance cycle is not some uncontrollable mystical force that indiscriminately decides when and how its effects will be felt on the p&c insurance industry. It is not an impediment put into place by
some unknown deity, nor is it an invisible hand or an unrestrainable market phenomenon. Indeed, it is none of these things. The insurance cycle is created by humans, specifically through the actions they take or fail to take as actors in the insurance industry. In essence, the financial position of (re)insurers governs the cycle as industry players tend to increase prices and pull back on capacity when growth of surplus is flat or negative, investment (Continued On Page 30)
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returns are weak and catastrophic losses high; and lower prices and increase capacity when surplus is growing, investment returns are strong and claims costs are manageable. Because of price swings, (re)insurers often have to cope with extreme fluctuations in revenue and expenditure, which often deeply impact their profits. According to the Swiss Re publica-
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tion “The insurance cycle as an entrepreneurial challenge” (2002), written by Rudolf Enz, deputy head of economic research & consulting at Swiss Re, these price fluctuations are detrimental in two ways: “On the one hand, they make it difficult to plan ahead for revenues and expenditure, on the other, they increase the cost of capital to the company.” In the publication, Enz emphasizes the critical fact that in periods of lower prices, (re)insurers traditionally write more business (i.e. take on more risk and, thus, greater loss potential) than they do when prices are higher. This is counterintuitive because basic economics dictates that the opposite would be more sensible (i.e. that carriers take on more risk when prices are high and less when prices are low). According to Enz, “there are - at least theoretically - supply-side strategies with which better results can be achieved over the cycle, with roughly the same volatility, than by passively standing by and allowing the cycle to take its course.” The strategies are largely based on two approaches: varying business volume, and steering risk capital. “This entails reducing market share in phases with lower prices and increasing it again in high-price periods. The (re)insurer’s equity changes in parallel: in high-price phases it has to be increased, in low-price phases reduced again,” says Enz. The best way to manage business volumes is to direct capacity to where the highest economic value resides, i.e., to those lines, segments or geographic regions where the return will be the greatest. This means walking away from business when the price does not cover costs. If pricing is not quite where it should be, but there is still room for (Continued On Page 32)
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profit, it may be more reasonable for the company to write lower shares or to reduce exposure by insisting on higher deductibles/retentions or lower upper cover limits. Tightening terms is another way of reducing loss potential. The challenge comes in properly diagnosing the market situation, i.e., in determining where in the price cycle the industry is, and where it is going - and doing so in time and with accuracy. Such a diagnosis requires a future-oriented market analysis. The accuracy of this analysis and the successful implementation of a company’s cycle management strategy, says Enz, depends greatly on the company’s access to underwriting expertise as it is this knowledge and experience that is needed to estimate how much longer the soft market is going to last and when prices are going to rise significantly again. Managing a company’s adjustment of business volumes all comes down to proper timing. Monitoring the market, predicting market trends and accurately assessing prices all play an important role. However, if a company’s timing is off, the fallout is the same as it would be if it did not take any action at all. It may even be worse, because the company may have damaged business relations with brokers, cedents or insureds without getting any economic payback. The first step in all of this, however, is to not only admit that the industry has a problem managing the cycle, but to admit that it is primarily responsible for the cycle. Then, and only then, can the industry work to solve the problems presented by it. WATER DAMAGE AS A TREND
When speaking to insurers about loss trends, ICLR is hearing more and more concerns being expressed about waterrelated damage - both overland flood, and sewer backup. It has become appar32
ent that the industry requires more investigation, including hard science, into the facts surrounding such losses, as they are costing companies a great deal of money each year. Indeed, several insurers have described scenarios where, depending on the region in which business is being written, they are getting hit with more frequent but less severe losses, rather than less frequent big hits. Hearing the call for research, ICLR on December 5, 2007 released a major
study on public perceptions of sewer backup. The paper is based on a survey of a total of 805 homeowners in Edmonton, Alberta, and Toronto, Ontario, and included both homeowners who had never experienced sewer backup damages and homeowners who had suffered sewer backup damages at some time in the past. The intention of the research is to increase awareness and understanding of homeowner perceptions of sewer backup and homeowner risk mitigation in Canadian (Continued On Page 34)
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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municipalities, and to provide practical information for municipal government staff responsible for managing basement flood risk. Results from the study, authored by ICLR research coordinator Dan Sandink, suggest that homeowner risk perceptions and mitigative adjustments related to sewer backup are low. Furthermore, there existed the perception that the municipal government holds the majority of the responsibility for damages caused by sewer backup. Considering the costs of upgrading sewer systems, the unpredictability of heavy rainfall events and the expectation that heavy rainfall events will increase as a result of climate change, homeowners in Edmonton and Toronto will need to become more involved in the mitigation of sewer backup risks over the short- and medium-terms. From the government side, municipalities should work to provide effective hazards education programs, and encourage homeowners to take measures to reduce basement flood risk. Municipalities should also be ready to provide information to homeowners in order to take advantage of ‘windows of opportunity’ - the short time that follows hazard occurrences when the public is most receptive to hazards information and most willing to take actions to reduce hazard risks. Formal, ongoing programs, such as Edmonton’s basement flood education program, ensure that information and materials are ready as soon as a disaster hits a community. As part of basement flooding and sewer backup hazard education programs, homeowners need to be made aware that insurance coverage for sewer backup is generally optional and can be provided at a very low cost. Homeowners who aren’t sure if they have this type of coverage should be 34
encouraged to check their policies or call their insurance brokers or insurance companies. On the overland flood question, specifically as it pertains to homeowners, ICLR is also embarking on a project with a major Canadian market player, looking into the question of the insurability of food in Canada. The results of this work will be made public in due course. IN THE COURTS
Though it was a busy year in the courts for insurance-related decisions (see Christopher R. Dunn’s Top 10 Insurance Coverage Decisions: The Cases You Should Know About From 2007; Claims Canada magazine, February/March 2008, [claimscanada.ca]); the cases worth highlighting here are Citadel General Assurance Co. v. Vytlingam and Lumbermens Mutual Casualty Co. v. Herbison. Both relate to ownership or use of a motor vehicle, and both were put to bed by Supreme Court decisions last October 19. According to the Supreme Court decision in the Vylingam case: “The V[ylingam]s were motoring along an
interstate highway when their vehicle was struck by a large boulder dropped from an overpass by F[armer] and R[aynor], catastrophically injuring M[ichael] V[ylingam] and causing C[handra] V[ylingam] and S[uzana] V[ylingam] serious psychological harm. F[armer] and R[aynor] were prosecuted, convicted, and imprisoned. The V[ylingam]s received statutory nofault benefits from their Ontario insurer and, since F[armer] was inadequately insured, they sought to recover the civil damages F[armer] had caused from V[ylingam]’s insurer pursuant to the inadequately insured motorist coverage found in s. 3 of the Ontario Policy Change Form 44R. Under this endorsement, “the insurer shall indemnify an eligible claimant for the amount that he...is legally entitled to recover from an inadequately insured motorist as compensatory damages in respect of bodily injury to...an insured person arising directly or indirectly from the use or operation of an automobile.” As F[armer]’s vehicle had been used to transport the rocks to the scene of the crime and thereafter to escape, both the Ontario Superior Court of Justice and the Court of Appeal, citing Amos v. Insurance Corp. of British Columbia, (Continued On Page 36)
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How The Private Companies Rank (Total Business) N.P.W. (Excluding Life & Purely A&S Companies) % Of Market 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. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61.
ING Canada............................................. 11.58 Aviva Canada Inc .................................... 8.74 Co-operators General ............................. 5.61 TD Meloche Monnex ............................... 5.31 Economical Insurance Group.................. 5.30 State Farm Insurance Company ............. 4.42 AXA Canada-Group Of Companies ........ 4.42 Royal & Sun Alliance ............................... 4.35 Lloyd’s Underwriters ............................... 4.29 Wawanesa Mutual Insurance .................. 4.24 Desjardins General .................................. 4.05 Northbridge Financial .............................. 3.03 The Dominion Of Canada........................ 2.88 Zurich Canada......................................... 1.91 Kingsway Financial.................................. 1.69 Chubb Insurance Co of Canada ............. 1.67 Allstate Insurance of Canada .................. 1.55 American Home Assurance..................... 1.51 Ontario Mutual Insurance........................ 1.11 La Capitale Assurances .......................... 1.06 RBC General ........................................... 1.02 SGI Canada Group.................................. 0.93 Munich Re Canada Group ...................... 0.88 St. Paul Fire & Marine ............................. 0.74 Guarantee Co Of North America............. 0.71 RBC Insurance ........................................ 0.70 CNA Canada Group ................................ 0.67 ACE INA Insurance.................................. 0.67 Swiss Reinsurance Group....................... 0.66 Alberta Motor Association....................... 0.59 FM Global................................................ 0.59 Motors Insurance Corporation ................ 0.58 Gore Mutual............................................. 0.54 Travelers Guarantee ................................ 0.45 First Canadian Title ................................. 0.43 Echelon General ...................................... 0.42 Everest Reinsurance ............................... 0.41 Farm Mutual Reinsurance Plan ............... 0.39 PartnerRe ................................................ 0.36 Portage La Prairie Mutual ....................... 0.35 Promutuel Reassurance .......................... 0.35 SSQ, Societe d’assurances .................... 0.34 American Bankers of Florida................... 0.32 Industrielle Alliance ................................. 0.32 CAA Insurance (Ontario).......................... 0.32 Transatlantic Reinsurance ....................... 0.31 Hannover Ruckversicherung AG............. 0.30 XL Re America Inc - Cdn Branch............ 0.30 XL Insurance ........................................... 0.29 Scor Canada Reinsurance ...................... 0.28 Canadian Direct Insurance...................... 0.28 Canadian Northern Shield....................... 0.28 Pembridge ............................................... 0.28 Peace Hills General ................................. 0.26 Liberty Mutual ......................................... 0.25 Boiler Inspection & Insurance ................. 0.25 Pafco ....................................................... 0.23 L’Unique Assurances Generales ............. 0.22 GCAN ...................................................... 0.22 Commerce & Industry Insurance ............ 0.22 Optimum General .................................... 0.22
2007 N.P.W. 4,002,449,000 3,021,014,000 1,938,608,000 1,836,013,000 1,832,988,000 1,527,610,000 1,527,422,000 1,503,736,000 1,484,736,000 1,466,192,000 1,401,809,000 1,047,814,000 996,484,000 659,155,000 585,582,000 578,432,000 535,800,000 520,933,000 383,721,000 366,588,000 350,966,000 321,684,000 302,928,000 256,794,000 246,959,000 240,332,000 232,004,000 230,794,000 228,310,000 203,736,000 202,867,000 199,117,000 185,560,000 155,275,000 148,035,000 144,156,000 142,971,000 134,069,000 124,350,000 121,810,000 120,930,000 118,423,000 110,123,000 110,094,000 110,031,000 108,293,000 104,970,000 104,627,000 100,801,000 97,838,000 97,771,000 97,735,000 96,585,000 88,245,000 87,357,000 85,795,000 79,875,000 77,671,000 77,474,000 76,535,000 76,108,000
2006 N.P.W. 3,895,493,000 2,902,095,000 1,935,605,000 1,764,389,000 1,839,704,000 1,436,944,000 1,427,471,000 1,389,143,000 1,431,632,000 1,417,045,000 1,385,268,000 1,077,579,000 1,016,136,000 676,598,000 643,698,000 601,142,000 514,306,000 527,652,000 376,453,000 344,202,000 368,299,000 301,617,000 322,492,000 232,901,000 260,375,000 190,213,000 231,248,000 209,682,000 287,615,000 182,311,000 243,527,000 211,107,000 174,238,000 145,993,000 123,029,000 103,583,000 157,255,000 136,544,000 127,417,000 117,332,000 110,150,000 90,292,000 148,433,000 102,962,000 107,414,000 102,123,000 101,558,000 121,002,000 79,130,000 96,457,000 85,164,000 110,684,000 83,626,000 73,838,000 71,812,000 85,904,000 115,374,000 66,112,000 71,049,000 107,632,000 86,434,000
% Change 2.75 4.10 0.16 4.06 –0.37 6.31 7.00 8.25 3.71 3.47 1.19 –2.76 –1.93 –2.58 –9.03 –3.78 4.18 –1.27 1.93 6.50 –4.71 6.65 –6.07 10.26 –5.15 26.35 0.33 10.07 –20.62 11.75 –16.70 –5.68 6.50 6.36 20.33 39.17 –9.08 –1.81 –2.41 3.82 9.79 31.16 –25.81 6.93 2.44 6.04 3.36 –13.53 27.39 1.43 14.80 –11.70 15.50 19.51 21.65 –0.13 –30.77 17.48 9.04 –28.89 –11.95
(Continued On Page 38)
36
[1995] 3 S.C.R. 405, found the insurer liable and allowed the V[ylingam]’s claims.” According to the Supreme Court decision in the Herbison case: “W[olfe], a member of a yearly deer hunting party, was driving to his designated hunting stand before sunrise when he thought he saw a deer. He got out of his truck, removed his rifle, loaded it, and shot at a flash of white, hitting H[erbison], another member of the hunting party. W[olfe] was found liable in negligence to H[erbison] and H[erbison]’s family. H[erbison] and his family sought recovery from W[olfe]’s insurer under a standard motor vehicle liability insurance policy which, as required by s. 239(1) of the Ontario Insurance Act, provides coverage for loss or damage ‘arising from the ownership or directly or indirectly from the use or operation’ of an automobile owned by the insured. The trial judge dismissed the claim against the insurer, but a majority of the Court of Appeal set aside the decision and found the insurer liable.” Explains Dunn: “In order to succeed, both Vytlingam and Herbison had to prove their injuries resulted from the “use or operation” of a motor vehicle. Vytlingam succeeded at the trial level as the judge found a sufficient connection between the use of Farmer’s vehicle to transport the boulders to the scene and the subsequent accident. Herbison failed at trial as the judge concluded the shooting was incidental to the use or operation of the Wolfe motor vehicle. Both decisions were appealed, and the Court of Appeal supported the insureds, upholding the motion judge’s decision in Vylingam and overturning the motion judge’s decision in Herbison. The Court of Appeal found the activities giving rise to the loss - the throwing of the boulder and the shooting of the gun - each had a sufficient (Continued On Page 38)
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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Itâ&#x20AC;&#x2122;s what we bring to the table that makes a lasting difference. At Transatlantic Reinsurance Company, itâ&#x20AC;&#x2122;s the consistent application of our strengths that sets us apart and makes the difference in the long-term to the companies we do business with. When TRC comes to the table, our clients know with confidence that they are working with a trusted and respected partner with proven expertise, solid financial strength, considerable capacity and innovative programs.
Transatlantic Reinsurance Company For more information on TRC, please give us a call at (416) 596-3960. 145 Wellington Street West, Suite 900, Toronto, Ontario M5J 1H8 Visit our Web Site at: www.transre.com
S&P rating: AA-
A.M. Best Rating: A+ Superior
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(Continued From Page 36)
(Continued From Page 36)
How The Private Companies Rank (Total Business) N.P.W. (Excluding Life & Purely A&S Companies) % Of Market 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. 72. 73. 74. 75. 76. 77. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90. 91. 92. 93. 94. 95. 96. 97. 98. 99. 100. 101. 102. 103. 104. 105. 106. 107. 108. 109. 110. 111. 112. 113. 114. 115. 116. 117. 118. 119. 120. 121.
Allianz Global Risks US........................... London & Midland General ..................... General Reinsurance ............................... Paris Re ................................................... Affiliated FM Insurance ........................... Odyssey Amercia Re............................... Lumbermen’s Underwiting ...................... North Waterloo Farmers Mutual.............. Red River Valley Mutual .......................... National Liability & Fire............................ Caisse Centrale Re.................................. Toa Reinsurance...................................... Grain Insurance & Guarantee.................. Legacy General ....................................... Old Republic Insurance of Cda............... Saskatchewan Mutual Insurance ............ Ontario School Board.............................. Le Groupe Estrie-Richelieu ..................... Cumis General......................................... Mitsui Sumitomo ..................................... Tokio Marine & Nichido Fire .................... Arch Insurance ........................................ Munich Re America................................. Euler Hermes American Credit................ SecuriCAN............................................... Co-operative Hail .................................... BCAA Insurance Corporation.................. Hartford Fire Insurance ........................... Folksamerica Reinsurance ...................... Mutual Fire Insurance Co of BC ............. MAPFRE .................................................. PEI Mutual Insurance .............................. Trisura...................................................... American Agricultural .............................. Western Surety ........................................ Daimler Chrysler Insurance ..................... American Road Insurance....................... Mearie Group .......................................... Pacific Coast Fishermen’s....................... Kings Mutual Insurance .......................... Sompo Japan Insurance ......................... Mennonite Mutual Fire ............................ Innovative Insurance ............................... Antigonish Farmers’ Mutual .................... Pool Insurance ........................................ Sentry Insurance ..................................... Nipponkoa Insurance .............................. Clare Mutual ............................................ Omega General ....................................... Scor Reinsurance .................................... Alea Europe Ltd....................................... Virginia Surety ......................................... T.H.E. Insurance ...................................... Terra Nova ............................................... Security Ins Co of Hartford ..................... Utica Mutual ............................................ Employers Insurance Of Wausau............ British Aviation ........................................ Lumbermens Mutual Casualty ................ Eagle Star Insurance ............................... TOTALS...................................................
0.18 0.18 0.16 0.15 0.15 0.14 0.13 0.12 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.10 0.09 0.09 0.08 0.07 0.07 0.07 0.06 0.06 0.06 0.06 0.06 0.05 0.05 0.04 0.03 0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2007 N.P.W. 62,194,000 60,828,000 56,809,000 53,432,000 51,821,000 49,177,000 43,235,000 43,189,000 41,578,000 41,262,000 40,393,000 40,082,000 37,795,000 37,380,000 36,773,000 33,376,000 31,019,000 30,840,000 28,148,000 25,625,000 25,556,000 22,508,000 22,215,000 21,755,000 21,111,000 20,282,000 19,344,000 17,707,000 16,517,000 12,152,000 11,695,000 11,585,000 11,443,000 11,058,000 10,307,000 7,993,000 7,504,000 6,615,000 5,959,000 5,289,000 5,216,000 4,922,000 4,368,000 3,164,000 2,334,000 1,438,000 1,370,000 959,000 575,000 219,000 155,000 95,000 70,000 32,000 12,000 7,000 –5,000 –13,000 –145,000 –538,000 34,574,870,000
nexus to the use or operation of the vehicles to fall within coverage.” 2006 N.P.W.
% Change
52,935,000 17.49 54,378,000 11.86 52,783,000 7.63 83,773,000 –36.22 54,205,000 –4.40 40,353,000 21.87 34,123,000 26.70 32,418,000 33.23 39,862,000 4.30 43,451,000 –5.04 44,494,000 –9.22 39,488,000 1.50 41,224,000 –8.32 34,262,000 9.10 40,409,000 –9.00 29,772,000 12.11 30,051,000 3.22 29,820,000 3.42 26,506,000 6.19 26,073,000 –1.72 27,195,000 –6.03 17,858,000 26.04 10,334,000 114.97 25,380,000 –14.28 0 0.00 15,430,000 31.45 17,767,000 8.88 20,979,000 –15.60 24,173,000 –31.67 8,416,000 44.39 3,587,000 226.04 10,884,000 6.44 0 0.00 11,272,000 –1.90 10,104,000 2.01 7,803,000 2.43 6,741,000 11.32 5,756,000 14.92 5,753,000 3.58 5,062,000 4.48 4,838,000 7.81 4,734,000 3.97 3,710,000 17.74 2,967,000 6.64 1,997,000 16.88 1,636,000 –12.10 1,055,000 29.86 895,000 7.15 1,666,000 –65.49 895,000 –75.53 –67,000 –331.34 272,000 –65.07 100,000 –30.00 –29,000 –210.34 47,000 –74.47 –13,000 –153.85 0 0.00 –8,000 62.50 –133,000 9.02 –88,000 511.36 33,819,912,000
He continues: “Both insurers successfully appealed to the Supreme Court of Canada. The Supreme Court did not agree the required nexus was present. Even the use of the broad term ‘directly or indirectly’ in the policy did not eliminate the requirement of an unbroken chain of causation between the use or operation of the motor vehicle and the resulting injury. Wolfe’s interruption of his motoring to start hunting and Farmer’s walk to the overpass from his parked vehicle each broke the chain of causation.” REGULATION
The Office of the Superintendent of Financial Institutions (OSFI) in May of last year announced that the coming into force of certain amendments to Part XIII of the Insurance Companies Act would take place on January 1, 2009. The amendments will affect all foreign insurers and reinsurers carrying on business in Canada as branches. (OSFI announced on February 13, 2008, that it would push back the date the changes would come into force, to January 1, 2010.) The amendments were intended to harmonize the Act with the Winding-Up and Restructuring Act. According to J. Brian Reeve (Bill C-37 Update: OSFI Defines ‘Insuring in Canada a risk’; Canadian Underwriter, November 2007) “OSFI was concerned that in the event of the insolvency of a Canadian branch of a foreign insurer, foreign policyholders could potentially argue that they were eligible to be covered by the assets that were vested in trust in Canada. In such a situation, there might be an inadequate amount of assets in Canada for the Canadian policyholders that the assets were originally intended to cover. The changes (Continued On Page 40)
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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(Continued From Page 38)
to Part XIII are intended to eliminate this concern.” With the changes incorporated into Bill C-37, there will be a change to the basic test of when a foreign insurer is required to report its Canadian business to the Office of the Superintendent, and to maintain assets in a vested trust account in Canada to cover them.
News YOU Need To KNOW!
At an A.M. Best Canadian conference, held in Toronto on September 21, 2007, representatives of the Canadian reinsurance market assured attendees that despite changes to Part XIII of the Insurance Companies Act, their Canadian branches are here to stay. Jean-Jacques Henchoz, CEO of Swiss Re Canada, assured guests that Canadian branches still hold value. “I think we are acknowledging that there is market specificity here and we’re here for the long term,” he said. “There is still business to do here and opportunities,” he noted. “I don’t think that Part XIII will change anything from the current set-up.” CONCLUSION
While the Canadian p&c segment had another strong financial year, there are clear signs of weakening in several lines. Claims costs are rising, and pricing is on the decline. On the upside, wordings and conditions appear - for the most part - to be holding up, at least for now. Once again, the industry experienced no major mergers or acquisitions. Nor were there any large losses on the manmade or natural catastrophe side. The pair of like-Supreme Court decisions that came down last October were a refreshing change from some of the rulings handed down in recent years. As noted in this very space last year, given the potential flip-side, for yet another year there did prove to be at least a little rest for the weary.
Stay current daily, by visiting canadianunderwriter.ca Canada’s Online INSURANCE Information Source
And, again, the Canadian p&c industry has chosen to take it while it can get it. cu
Charts/Graphs used throughout this article are courtesy of the Insurance Bureau of Canada (www.ibc.ca).
8:57 AM
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The PDS Network HEAD OFFICE Paul Davis Systems Canada Ken Robinson · 416-299-8890
Ontario
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PDS of Belleville Howard Carveth · 613-397-1892 PDS of Brampton/Guelph Paul Gresham · 905-796-6100 PDS of Brantford/Woodstock Peter Overgaauw · 519-751-1900 PDS of Durham & Peterborough Regions Dave Ronson · 905-666-7744 PDS of Etobicoke Russ Toering · 416-626-7371 PDS of Halton/Hamilton-Wentworth Paul Suddes · 905-333-9288 PDS Huron-Perth Alan Berdan · 519-482-7378 PDS of Kingston Doug Smith · 613-531-7962 PDS of Kitchener-Waterloo Mike McCabe · 519-570-0438 PDS of London Richard Berardi · 519-685-9595 PDS of Mississauga Erwin Pototschnik · 905-270-3399 PDS of Muskoka Norm Miners · 705-645-5745 PDS of Niagara/Haldimand Ron Souter · 905-984-8200 PDS of North Bay & Nipissing Bob Clarke · 705-494-1000 PDS of Ottawa Rick Green · 613-822-2734 PDS of Owen Sound Richard Lauzon · 519-376-8022 PDS of Renfrew County Dean Fuisz · 613-732-2335 PDS of Sarnia/Lambton Marco Fracalanza · 519-336-2000 PDS of Sault Ste. Marie Dave Ferguson · 705-949-9631 PDS of Simcoe County Stephane de Caen · 705-458-8001 PDS of Sudbury Manitoulin Eddie Burritt · 705-522-3312 PDS of Thunder Bay Grant Murdoch · 807-344-7566 PDS of Timmins and the Claybelt Ron Beaudry · 705-360-1124 PDS of Toronto Carmen Siciliano · 905-856-5737
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PDS of Windsor & Essex County Bruce Jaques · 519-776-4567 PDS of York Region Stacey Wicks · 905-856-5737
British Columbia PDS of Vancouver Chuck Lucas · 604-501-9992
Alberta PDS of Calgary John Hill · 403-293-2200 PDS of Edmonton Sung Yoon · 780-437-6051 PDS of Red Deer Greg Davey · 403-342-4666
Saskatchewan PDS of Saskatoon Ken Spetz · 306-374-7000
Manitoba PDS of Winnipeg Dale Dublin · 204-586-1684
Quebec SPD Charlesbourg Frédéric Langlois · 418-653-6666 SPD des Laurentides Sylvain Marchand · 450-226-8484 SPD de L'Outaouais Roch Gauthier 819-772-4040 SPD de Laval Inc. Eric Melancon · 450-434-5858 SPD Montréal (Est) · Stéphane Giroux · 514-644-9955
Maritimes PDS of Fredericton Wayne Brown · 506-457-9074 PDS of Moncton Randy Benjamin · 506-382-8285 PDS of Northeast New Brunswick Daniel Albert · 506-826-3688 PDS of PEI Randy Benjamin · 902-436-5960 PDS of St. John’s Chris Winsor · 709-747-2648 PDS of Halifax/Dartmouth Nelson Higgins · 902-481-0874 PDS of New Glasgow Jeremy Sutherland · 902-695-3223 PDS of Cumberland/Colchester John Stoker · 902-597-2155 PDS of Cape Breton Terry Shannon · 902-567-3377
Responding to your needs 24-HOUR NATIONAL RESPONSE CENTRE 800-661-5975
p 42 RANK-Prop(DTPPROR1).chp
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How The Private Companies Rank (Property) N.P.W. % Market
42
2007 N.P.W.
% Market
2007 N.P.W.
53. Le Groupe Estrie-Richelieu................
0.23
25,868,000
1. ING Canada.......................................
11.90
1,320,358,000
54. L’Unique Assurances Generales .......
0.23
25,648,000
2. Aviva Canada Inc...............................
8.66
961,346,000
55. Saskatchewan Mutual Insurance.......
0.20
22,644,000
3. Co-operators General ........................
6.40
709,888,000
56. Pembridge .........................................
0.20
22,641,000
4. Lloyd’s Underwriters ..........................
5.86
649,962,000
57. SecuriCAN .........................................
0.19
21,111,000
5. Economical Insurance Group ............
5.15
571,412,000
58. Liberty Mutual ....................................
0.19
20,585,000
6. Wawanesa Mutual Insurance ............
5.01
555,684,000
59. Allianz Global Risks US .....................
0.18
20,210,000
7. AXA Canada-Group Of Companies...
4.75
527,195,000
60. Canadian Direct Insurance ................
0.18
19,653,000
8. Desjardins General ............................
4.21
467,591,000
61. CAA Insurance (Ontario) ...................
0.17
18,545,000
9. Royal & Sun Alliance .........................
3.57
395,712,000
62. GCAN ................................................
0.16
17,300,000
10. TD Meloche Monnex..........................
3.43
380,735,000
63. London & Midland General ................
0.16
17,295,000
11. State Farm Insurance Company........
3.08
341,351,000
64. BCAA Insurance Corporation ............
0.15
17,151,000
12. The Dominion Of Canada ..................
2.58
286,135,000
65. Motors Insurance Corporation ...........
0.14
16,035,000
13. Northbridge Financial.........................
2.37
262,654,000
66. Folksamerica Reinsurance ................
0.12
13,866,000
14. Chubb Insurance Co of Canada ........
2.30
254,908,000
67. RBC Insurance ..................................
0.12
13,612,000
15. Zurich Canada ...................................
1.91
212,183,000
68. Paris Re .............................................
0.10
11,045,000
16. Ontario Mutual Insurance ..................
1.86
206,776,000
69. Mutual Fire Insurance Co of BC ........
0.10
10,971,000
17. FM Global ..........................................
1.43
158,348,000
70. MAPFRE............................................
0.10
10,857,000
18. SGI Canada Group ............................
1.34
148,306,000
71. PEI Mutual Insurance ........................
0.09
10,539,000
19. American Home Assurance ...............
1.31
145,248,000
72. Hartford Fire Insurance......................
0.09
10,346,000
20. Allstate Insurance of Canada.............
1.26
139,979,000
73. Mitsui Sumitomo ................................
0.09
10,170,000
21. Swiss Reinsurance Group .................
1.14
126,391,000
74. Caisse Centrale Re............................
0.09
10,088,000
22. La Capitale Assurances.....................
1.09
121,310,000
75. Toa Reinsurance ...............................
0.09
10,086,000
23. Munich Re Canada Group .................
1.09
120,834,000
76. Munich Re America ...........................
0.09
9,987,000
24. Promutuel Reassurance ....................
0.85
94,803,000
77. American Agricultural.........................
0.09
9,889,000
25. St. Paul Fire & Marine........................
0.84
92,697,000
78. XL Insurance......................................
0.09
9,593,000
26. PartnerRe ..........................................
0.76
84,531,000
79. Tokio Marine & Nichido Fire ..............
0.08
9,427,000
27. Farm Mutual Reinsurance Plan .........
0.73
81,115,000
80. Echelon General ................................
0.08
9,224,000
28. Gore Mutual .......................................
0.73
80,751,000
81. Ontario School Board ........................
0.08
8,329,000
29. Kingsway Financial ............................
0.70
77,831,000
82. Cumis General...................................
0.07
8,107,000
30. Scor Canada Reinsurance.................
0.60
66,798,000
83. Boiler Inspection & Insurance ............
0.05
5,587,000
31. Guarantee Co Of North America .......
0.58
64,166,000
84. American Bankers of Florida .............
0.05
5,472,000
32. RBC General .....................................
0.58
63,825,000
85. Kings Mutual Insurance .....................
0.04
4,756,000
33. Transatlantic Reinsurance .................
0.56
61,638,000
86. Mennonite Mutual Fire .......................
0.04
4,428,000
34. Portage La Prairie Mutual ..................
0.48
53,444,000
87. Arch Insurance...................................
0.04
4,065,000 3,259,000
35. Everest Reinsurance .........................
0.47
52,358,000
88. Old Republic Insurance of Cda..........
0.03
36. Hannover Ruckversicherung AG .......
0.46
50,783,000
89. Antigonish Farmers’ Mutual ...............
0.03
2,869,000
37. Canadian Northern Shield .................
0.45
49,822,000
90. Pool Insurance...................................
0.02
2,334,000 2,202,000
38. Affiliated FM Insurance ......................
0.45
49,485,000
91. Sompo Japan Insurance....................
0.02
39. CNA Canada Group...........................
0.41
45,126,000
92. Clare Mutual ......................................
0.01
874,000
40. Lumbermen’s Underwiting .................
0.39
43,235,000
93. Legacy General .................................
0.01
748,000
41. Alberta Motor Association..................
0.38
42,440,000
94. Omega General .................................
0.01
614,000
42. Optimum General ..............................
0.38
42,136,000
95. Nipponkoa Insurance.........................
0.00
502,000
43. ACE INA Insurance............................
0.37
41,417,000
96. Mearie Group.....................................
0.00
166,000
44. Red River Valley Mutual ....................
0.36
39,520,000
97. Innovative Insurance..........................
0.00
55,000
45. XL Re America Inc - Cdn Branch.......
0.35
39,048,000
98. Daimler Chrysler Insurance ...............
0.00
39,000
46. General Reinsurance.........................
0.35
38,412,000
99. Alea Europe Ltd. ................................
0.00
30,000
47. Industrielle Alliance............................
0.35
38,396,000
100. Lumbermens Mutual Casualty ...........
0.00
2,000
48. Peace Hills General ...........................
0.34
37,657,000
101. Eagle Star Insurance .........................
0.00
1,000
49. SSQ, Societe d’assurances ...............
0.33
36,180,000
102. Scor Reinsurance ..............................
0.00
–1,000
50. Odyssey Amercia Re .........................
0.26
29,199,000
103. Terra Nova.........................................
0.00
–19,000
51. Grain Insurance & Guarantee............
0.26
29,041,000
104. Commerce & Industry Insurance .......
0.00
–165,000
52. North Waterloo Farmers Mutual ........
0.24
26,100,000
TOTAL...............................................11,094,900,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 43 Int Resource
5/9/08
8:58 AM
Page 43
National Catastrophe Response: Integrating Quality Resources For The Unexpected
YOUR ONE SOURCE SOLUTION FOR: •Emergency Mitigation Services •Water Extraction •Structural Drying •Fire Damage Reconstruction •Smoke Deodorization •Mould Remediation
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p 44 RANK-Auto(DTPAUTR1).chp
5/9/08
8:58 AM
Page 44
How The Private Companies Rank (Automobile) N.P.W.
R1
% Market
44
2007 N.P.W.
% Market
2007 N.P.W.
1. ING Canada ........................................
13.94 2,364,932,000
46. Liberty Mutual......................................
0.11
18,573,000
2. Aviva Canada Inc ................................
10.03 1,702,091,000
47. Hannover Ruckversicherung AG.........
0.10
16,978,000
3. TD Meloche Monnex ...........................
8.54 1,449,651,000
48. Toa Reinsurance .................................
0.10
16,435,000
4. State Farm Insurance Company .........
6.71 1,139,063,000
49. Lloyd’s Underwriters............................
0.10
16,261,000
5. Economical Insurance Group ..............
6.51 1,104,563,000
50. Scor Canada Reinsurance ..................
0.09
15,497,000
6. Co-operators General .........................
6.12 1,039,139,000
51. Allianz Global Risks US ......................
0.09
14,625,000
7. Desjardins General .............................
5.44
923,522,000
52. Swiss Reinsurance Group...................
0.08
14,170,000
0.08
13,906,000
8. Wawanesa Mutual Insurance ..............
5.19
881,306,000
53. North Waterloo Farmers Mutual ..........
9. Royal & Sun Alliance...........................
5.12
869,274,000
54. Transatlantic Reinsurance ..................
0.08
13,390,000
0.07
12,487,000
0.07
11,443,000
10. AXA Canada-Group Of Companies ....
4.04
684,816,000
55. Cumis General ....................................
11. The Dominion Of Canada ...................
3.70
627,599,000
56. CNA Canada Group ............................
12. Northbridge Financial ..........................
2.98
506,485,000
57. PartnerRe ............................................
0.06
10,632,000
58. Caisse Centrale Re .............................
0.06
9,735,000
59. Daimler Chrysler Insurance.................
0.05
7,774,000
60. American Road Insurance...................
0.04
7,504,000
61. General Reinsurance ..........................
0.04
6,902,000
62. Saskatchewan Mutual Insurance ........
0.04
6,427,000
13. Kingsway Financial .............................
2.75
467,505,000
14. Allstate Insurance of Canada ..............
2.33
395,821,000
15. RBC General .......................................
1.66
281,314,000
16. Zurich Canada.....................................
1.37
233,207,000
17. La Capitale Assurances ......................
1.36
231,134,000
18. Alberta Motor Association ...................
0.95
160,640,000
19. Ontario Mutual Insurance ....................
0.86
145,355,000
20. SGI Canada Group .............................
0.83
140,346,000
21. Echelon General .................................
0.62
105,841,000
22. CAA Insurance (Ontario) .....................
0.54
90,884,000
23. Gore Mutual ........................................
0.53
90,121,000
24. SSQ, Societe d’assurances ................
0.48
82,243,000
25. Guarantee Co Of North America .........
0.48
81,036,000
26. Pafco ...................................................
0.47
79,875,000
27. Canadian Direct Insurance..................
0.46
77,340,000
28. Pembridge ...........................................
0.44
73,923,000
29. Industrielle Alliance .............................
0.42
70,725,000
30. Portage La Prairie Mutual ...................
0.37
63,575,000
31. Chubb Insurance Co of Canada..........
0.37
62,038,000
32. Motors Insurance Corporation.............
0.33
56,060,000
33. ACE INA Insurance .............................
0.32
34. Peace Hills General ............................
63. Tokio Marine & Nichido Fire ................
0.03
5,387,000
64. Odyssey Amercia Re ..........................
0.03
5,188,000
65. Innovative Insurance ...........................
0.03
4,283,000
66. Mitsui Sumitomo..................................
0.02
4,178,000
67. XL Re America Inc - Cdn Branch ........
0.02
3,303,000
68. Munich Re America .............................
0.02
2,883,000
69. Commerce & Industry Insurance.........
0.01
1,877,000
70. Folksamerica Reinsurance..................
0.01
1,514,000
71. Ontario School Board ..........................
0.01
1,219,000
72. Hartford Fire Insurance .......................
0.01
1,164,000
73. Sompo Japan Insurance .....................
0.01
1,017,000
74. Le Groupe Estrie-Richelieu .................
0.01
949,000
75. BCAA Insurance Corporation ..............
0.00
473,000
76. XL Insurance .......................................
0.00
449,000
77. Arch Insurance ....................................
0.00
437,000
78. Sentry Insurance .................................
0.00
357,000
55,000,000
79. Nipponkoa Insurance ..........................
0.00
304,000
0.30
50,588,000
80. Mearie Group ......................................
0.00
249,000
35. L’Unique Assurances Generales.........
0.27
45,085,000
81. Scor Reinsurance................................
0.00
220,000
36. St. Paul Fire & Marine .........................
0.26
44,825,000
82. GCAN ..................................................
0.00
207,000
37. Farm Mutual Reinsurance Plan...........
0.20
34,123,000
83. American Agricultural ..........................
0.00
193,000
38. Everest Reinsurance ...........................
0.19
32,760,000
84. Mennonite Mutual Fire ........................
0.00
138,000
39. Munich Re Canada Group ..................
0.18
30,060,000
85. Alea Europe Ltd. .................................
0.00
120,000
40. Old Republic Insurance of Cda ...........
0.17
28,822,000
86. T.H.E. Insurance .................................
0.00
7,000
41. American Home Assurance ................
0.16
26,747,000
87. Employers Insurance Of Wausau .......
0.00
–4,000
42. Canadian Northern Shield ...................
0.15
24,979,000
88. Terra Nova ..........................................
0.00
–4,000
43. Paris Re ..............................................
0.14
23,957,000
89. Lumbermens Mutual Casualty ............
0.00
–124,000
44. Optimum General ................................
0.13
21,806,000
45. Promutuel Reassurance......................
0.13
21,769,000
TOTAL ................................................16,970,668,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
5/9/08
8:59 AM
Page 45
cycle time.
Reduce
p 45 PPG
WHAT PROGRESSIVE COLLISION REPAIR CENTRES ARE DOING Throughput Performance Solutions by PPG provides collision repair centres with the tools and courses to improve their Quality, Speed and Lower Cost of Operation. How you and your policy holders benefit: s SHORTER CYCLE TIMES WHICH GET VEHICLES through the repair process quicker s STREAMLINED PROCESSES THAT REDUCE waste and save on costs s EXPERT AND GUARANTEED WORKMANSHIP you can depend on For more information please contact PPG Customer Service at 1-888-310-4762.
©2008 PPG Industries www.ppgrefinish.com
46
Desjardins General ................................... Northbridge Financial ................................
The Dominion Of Canada ......................... Zurich Canada ..........................................
Kingsway Financial ................................... Chubb Insurance Co of Canada ...............
Allstate Insurance of Canada .................... American Home Assurance ......................
Ontario Mutual Insurance.......................... La Capitale Assurances ............................
RBC General............................................. SGI Canada Group ...................................
St. Paul Fire & Marine ............................... Guarantee Co Of North America...............
RBC Insurance.......................................... CNA Canada Group ..................................
ACE INA Insurance ................................... Alberta Motor Association .........................
FM Global ................................................. Motors Insurance Corporation ..................
Gore Mutual .............................................. Travelers Guarantee .................................
First Canadian Title ................................... Echelon General .......................................
13. 14.
15. 16.
17. 18.
19. 20.
21. 22.
23. 24.
25. 26.
27. 28.
29. 30.
31. 32.
33. 34.
AXA Canada-Group Of Companies .......... Royal & Sun Alliance ................................
7. 8.
11. 12.
Economical Insurance Group.................... State Farm Insurance Company ...............
5. 6.
148,035,000 144,156,000
185,560,000 155,275,000
202,867,000 199,117,000
230,794,000 203,736,000
240,332,000 232,004,000
256,794,000 246,959,000
350,966,000 321,684,000
383,721,000 366,588,000
535,800,000 520,933,000
585,582,000 578,432,000
996,484,000 659,155,000
1,401,809,000 1,047,814,000
1,484,736,000 1,466,192,000
1,527,422,000 1,503,736,000
1,832,988,000 1,527,610,000
1,938,608,000 1,836,013,000
148,035,000 117,626,000
179,559,000 138,951,000
213,626,000 209,009,000
230,645,000 193,805,000
240,799,000 225,779,000
245,653,000 251,828,000
331,449,000 308,956,000
377,706,000 352,594,000
527,135,000 524,342,000
576,819,000 590,749,000
998,882,000 671,462,000
1,379,296,000 1,055,824,000
1,484,736,000 1,439,624,000
1,452,665,000 1,443,015,000
1,829,554,000 1,493,002,000
1,908,334,000 1,785,568,000
3,932,015,000 2,935,257,000
38,052,000 70,328,000
109,844,000 39,601,000
82,383,000 136,181,000
77,466,000 151,330,000
90,267,000 124,629,000
134,217,000 138,909,000
228,240,000 190,331,000
232,210,000 232,645,000
335,011,000 298,079,000
367,157,000 286,880,000
714,655,000 484,463,000
955,950,000 686,072,000
567,083,000 1,066,566,000
796,567,000 894,464,000
1,265,570,000 1,275,254,000
1,269,227,000 1,235,290,000
2,584,248,000 1,932,541,000
Net Net Claims & Adjusting Expenses $
878,000 20,158,000
35,161,000 26,464,000
–9,529,000 13,792,000
10,299,000 21,192,000
90,431,000 45,996,000
39,493,000 48,966,000
0 63,603,000
72,877,000 9,437,000
42,132,000 16,867,000
82,952,000 80,577,000
174,168,000 72,264,000
20,295,000 107,095,000
0 243,204,000
253,952,000 177,660,000
351,275,000 151,918,000
277,626,000 208,469,000
641,390,000 562,144,000
Commissions $
(Continued On Page 48)
25.70 59.79
61.17 28.50
38.56 65.16
33.59 78.08
37.49 55.20
54.64 55.16
68.86 61.60
61.48 65.98
63.55 56.85
63.65 48.56
71.55 72.15
69.31 64.98
38.19 74.09
54.83 61.99
69.17 85.42
66.51 69.18
65.72 65.84
Earned Loss Ratio %
4,765,000 3,587,000
6,277,000 6,471,000
12,067,000 6,263,000
9,933,000 6,199,000
5,235,000 7,171,000
9,089,000 7,698,000
10,430,000 14,886,000
1,090,000 12,086,000
16,595,000 26,955,000
18,541,000 21,636,000
34,173,000 30,575,000
46,645,000 48,120,000
0 49,539,000
49,453,000 47,721,000
63,681,000 46,323,000
63,384,000 56,739,000
136,894,000 100,558,000
Taxes $
71,486,000 16,169,000
24,010,000 25,976,000
36,025,000 12,495,000
7,879,000 17,639,000
34,659,000 20,332,000
23,148,000 28,426,000
60,971,000 41,065,000
66,556,000 68,640,000
101,672,000 42,678,000
80,126,000 79,811,000
104,532,000 78,638,000
253,575,000 156,949,000
0 135,249,000
181,025,000 204,341,000
145,660,000 144,811,000
265,523,000 138,194,000
360,629,000 310,488,000
General Expenses $
52.10 33.93
36.45 42.40
18.05 15.57
12.19 23.23
54.12 32.55
29.20 33.79
21.54 38.70
37.20 25.57
30.43 16.50
31.49 30.81
31.32 27.03
23.24 29.57
0.00 29.73
33.35 29.78
30.64 22.98
31.78 22.59
28.97 33.16
Total Expense Ratio %
77.80 93.72
97.62 70.90
56.61 80.73
45.78 101.31
91.61 87.75
83.84 88.95
90.40 100.30
98.68 91.55
93.98 73.35
95.14 79.37
102.87 99.18
92.55 94.55
38.19 103.82
88.18 91.77
99.81 108.40
98.29 91.77
94.69 99.00
Combined Loss & Exp. Ratio %
32,888,000 9,394,000
6,409,000 43,384,000
92,680,000 41,407,000
111,308,000 2,740,000
20,207,000 27,651,000
39,706,000 27,831,000
30,463,000 –778,000
7,661,000 29,360,000
43,855,000 139,763,000
34,756,000 121,845,000
–15,725,000 12,201,000
102,831,000 66,048,000
569,401,000 –45,006,000
171,669,000 118,829,000
3,368,000 –120,814,000
32,574,000 146,876,000
208,854,000 29,526,000
Undrwtg. Profit or Loss $
5,257,000 10,827,000
25,721,000 21,704,000
37,816,000 24,358,000
28,792,000 16,271,000
7,650,000 31,168,000
49,213,000 34,130,000
27,147,000 34,628,000
49,590,000 11,553,000
71,152,000 82,032,000
82,410,000 66,888,000
202,807,000 68,029,000
103,573,000 311,443,000
119,728,000 222,879,000
111,471,000 165,788,000
174,088,000 186,867,000
178,010,000 102,757,000
386,647,000 529,681,000
Inv. Income $
39.39 15.89
14.75 15.79
25.30 23.36
29.73 14.21
13.70 14.26
10.91 9.43
18.60 18.13
6.10 18.41
21.82 13.92
12.40 19.38
18.87 8.77
26.70 22.12
0.00 6.08
17.25 12.61
9.71 3.00
13.50 20.74
19.89 34.35
Return on Equity %
8:59 AM
Lloyd’s Underwriters ................................. Wawanesa Mutual Insurance....................
Co-operators General ............................... TD Meloche Monnex .................................
3. 4.
4,002,449,000 3,021,014,000
Premiums Earned 100% Basis $
GENERAL COMPANIES (PRIVATE SECTOR) RESULTS (from figures supplied by the companies for 2007 business transacted in Canada)
5/9/08
9. 10.
ING Canada .............................................. Aviva Canada Inc ......................................
1. 2.
Net Premiums Written $
UNDERWRITING RESULTS
p 46,48,50 Undrwrt Res(DTPGENR3) Page 46
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 47 Crawford
5/9/08
1:26 PM
Page 47
48
Lumbermen’s Underwiting ........................ North Waterloo Farmers Mutual................
Red River Valley Mutual ........................... National Liability & Fire .............................
Grain Insurance & Guarantee ................... Legacy General.........................................
Old Republic Insurance of Cda ................. Saskatchewan Mutual Insurance ..............
Ontario School Board................................ Le Groupe Estrie-Richelieu .......................
Cumis General .......................................... Mitsui Sumitomo .......................................
Tokio Marine & Nichido Fire...................... Arch Insurance ..........................................
Euler Hermes American Credit ................. SecuriCAN ................................................
Co-operative Hail ...................................... BCAA Insurance Corporation....................
55. 56.
57. 58.
59. 60.
61. 62.
63. 64.
65. 66.
67. 68.
69. 70.
71. 72.
Pafco ......................................................... L’Unique Assurances Generales ..............
47. 48.
London & Midland General ....................... Affiliated FM Insurance .............................
Liberty Mutual ........................................... Boiler Inspection & Insurance ...................
45. 46.
53. 54.
Pembridge................................................. Peace Hills General ..................................
43. 44.
Optimum General...................................... Allianz Global Risks US ............................
Canadian Direct Insurance ....................... Canadian Northern Shield.........................
41. 42.
51. 52.
CAA Insurance (Ontario)........................... XL Insurance .............................................
39. 40.
20,282,000 19,344,000
21,755,000 21,111,000
25,556,000 22,508,000
28,148,000 25,625,000
31,019,000 30,840,000
36,773,000 33,376,000
37,795,000 37,380,000
41,578,000 41,262,000
43,235,000 43,189,000
60,828,000 51,821,000
76,108,000 62,194,000
77,474,000 76,535,000
79,875,000 77,671,000
87,357,000 85,795,000
96,585,000 88,245,000
97,771,000 97,735,000
110,031,000 100,801,000
110,123,000 110,094,000
20,282,000 18,145,000
22,425,000 21,081,000
26,736,000 19,774,000
27,362,000 25,504,000
31,542,000 30,294,000
38,237,000 31,673,000
36,917,000 37,574,000
40,564,000 42,041,000
35,883,000 38,993,000
55,809,000 50,110,000
81,096,000 56,321,000
73,781,000 93,477,000
95,313,000 68,474,000
84,074,000 85,232,000
91,638,000 84,536,000
94,914,000 102,083,000
109,459,000 86,520,000
95,197,000 106,641,000
118,619,000 99,308,000
22,084,000 10,218,000
13,715,000 11,004,000
26,980,000 10,923,000
15,507,000 18,992,000
27,484,000 20,909,000
22,163,000 17,442,000
16,400,000 5,947,000
20,955,000 23,886,000
29,628,000 24,580,000
9,079,000 17,760,000
38,568,000 37,127,000
23,000,000 41,795,000
56,992,000 36,967,000
61,805,000 19,645,000
63,828,000 50,314,000
63,695,000 58,616,000
75,028,000 34,278,000
17,553,000 71,780,000
77,166,000 64,424,000
1,133,000 –6,282,000
–2,058,000 331,000
4,028,000 –3,333,000
2,728,000 3,294,000
0 6,658,000
6,761,000 6,522,000
7,978,000 4,800,000
10,229,000 3,334,000
–613,000 9,084,000
–7,378,000 –2,491,000
14,577,000 –1,012,000
–1,262,000 9,173,000
13,095,000 13,155,000
–6,389,000 22,487,000
14,255,000 13,149,000
643,000 20,728,000
–2,000 10,056,000
25,350,000 3,771,000
22,102,000 –429,000
Commissions $
(Continued On Page 50)
108.88 56.31
61.16 52.20
100.91 55.24
56.67 74.47
87.13 69.02
57.96 55.07
44.42 15.83
51.66 56.82
82.57 63.04
16.27 35.44
47.56 65.92
31.17 44.71
59.79 53.99
73.51 23.05
69.65 59.52
67.11 57.42
68.54 39.62
18.44 67.31
65.05 64.87
Earned Loss Ratio %
1,052,000 3,056,000
1,981,000 1,169,000
693,000 1,382,000
1,100,000 996,000
985,000 0
1,577,000 1,397,000
1,919,000 825,000
2,014,000 1,291,000
2,065,000 1,486,000
1,981,000 3,237,000
3,423,000 5,875,000
6,303,000 4,548,000
3,006,000 2,419,000
8,525,000 1,591,000
3,009,000 4,066,000
4,027,000 6,949,000
3,589,000 3,523,000
10,643,000 3,999,000
5,109,000 3,406,000
Taxes $
1,945,000 13,902,000
8,263,000 7,467,000
4,542,000 6,359,000
4,563,000 3,697,000
1,599,000 3,667,000
4,376,000 4,856,000
6,439,000 16,449,000
3,900,000 1,297,000
16,041,000 5,080,000
2,025,000 8,051,000
21,682,000 10,022,000
18,018,000 7,483,000
13,502,000 12,582,000
22,674,000 19,125,000
16,974,000 15,830,000
21,077,000 16,187,000
34,633,000 12,321,000
37,237,000 21,015,000
16,154,000 32,126,000
General Expenses $
20.36 58.84
36.50 42.54
34.65 22.29
30.67 31.32
8.19 34.08
33.25 40.33
44.25 58.75
39.80 14.09
48.75 40.14
–6.04 17.56
48.93 26.43
31.25 22.68
31.06 41.12
29.51 50.69
37.36 39.09
27.13 42.97
34.92 29.94
76.92 26.99
36.56 35.35
Total Expense Ratio %
129.24 115.15
97.66 94.74
135.56 77.53
87.34 105.79
95.32 103.10
91.21 95.40
88.67 74.58
91.46 70.91
131.32 103.18
10.23 53.00
96.49 92.35
62.42 67.39
90.85 95.11
103.02 73.74
107.01 98.61
94.24 100.39
103.46 69.56
95.36 94.30
101.61 100.22
Combined Loss & Exp. Ratio %
–5,932,000 –1,759,000
3,603,000 2,039,000
–9,507,000 4,443,000
2,060,000 –1,475,000
1,474,000 –940,000
3,360,000 1,710,000
4,181,000 9,553,000
3,872,000 12,233,000
–11,267,000 –743,000
50,102,000 23,543,000
2,846,000 4,309,000
27,722,000 30,478,000
11,230,000 5,151,000
–2,541,000 22,384,000
–4,356,000 2,832,000
6,785,000 –397,000
–1,667,000 26,342,000
4,414,000 6,076,000
6,000 –219,000
Undrwtg. Profit or Loss $
2,183,000 1,974,000
2,164,000 373,000
2,918,000 2,000,000
7,396,000 3,336,000
6,246,000 3,320,000
4,640,000 2,299,000
3,522,000 1,499,000
4,520,000 6,327,000
2,308,000 3,144,000
16,400,000 7,576,000
5,133,000 5,607,000
29,139,000 22,367,000
4,547,000 3,056,000
33,395,000 6,055,000
35,558,000 7,420,000
4,479,000 1,596,000
10,250,000 10,603,000
9,584,000 2,903,000
10,150,000 4,480,000
Inv. Income $
–12.67 0.88
7.25 18.83
–9.62 0.00
29.23 20.76
19.40 3.87
10.29 11.60
20.32 16.48
17.12 15.12
0.19 6.41
27.20 39.18
11.83 4.90
28.09 16.14
21.79 11.59
5.55 25.57
9.21 13.68
19.78 24.40
8.15 20.14
8.47 29.80
7.72 7.95
Return on Equity %
9:00 AM
GCAN........................................................ Commerce & Industry Insurance ..............
American Bankers of Florida..................... Industrielle Alliance ...................................
37. 38.
121,810,000 118,423,000
Premiums Earned 100% Basis $
Net Net Claims & Adjusting Expenses $
(from figures supplied by the companies for 2007 business transacted in Canada)
GENERAL COMPANIES (PRIVATE SECTOR) RESULTS
5/9/08
49. 50.
Portage La Prairie Mutual ......................... SSQ, Societe d’assurances ......................
35. 36.
Net Premiums Written $
UNDERWRITING RESULTS
(Continued From Page 46)
p 46,48,50 Undrwrt Res(DTPGENR3) Page 48
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 49 AVEC
5/9/08
9:01 AM
Page 49
Whatever Your Market Needs – You Can Turn To Avec For Effective Underwriting Solutions Avec Insurance Managers Inc. provides high quality, specialized underwriting and claims services on behalf of our Insurance Company Partners. WE CURRENTLY PROVIDE:
Ocean Marine: Both Cargo and Commercial Hull and related products Inland Marine: Contractors Equipment; Motor Truck Cargo Surplus Lines: Vacant Dwellings; Off Campus Student Residences; Builders Risks Boiler & Machinery: Stand Alone Placement Casualty: Including Monoline Placements Standard Commercial Property Fleet Insurance
Representing: • Lombard General Insurance Company of Canada • Royal & SunAlliance Insurance Company of Canada • Echelon General Insurance Company • Aviva Insurance Company of Canada • Omega General Insurance Company • The Boiler Inspection & Insurance Company (BI&I)
AVEC INSURANCE MANAGERS INC. Toronto Office: London Office:
W
Tel: (416) 862-2832 Tel: (519) 438-8396 www.avecami.com
Fax: (416) 862-9388 Fax: (416) 862-9388
With localized service for Western Brokers through AVEC INSURANCE MANAGERS (WEST) INC. Servicing Brokers in Alberta & British Columbia Tel: (604) 936-9444 • Fax: (604) 936-9114 • www.avecwest.com
50
Pacific Coast Fishermen’s ........................ Kings Mutual Insurance ............................
Sompo Japan Insurance ........................... Mennonite Mutual Fire ..............................
Innovative Insurance ................................. Antigonish Farmers’ Mutual ......................
Pool Insurance .......................................... Sentry Insurance .......................................
Clare Mutual.............................................. Omega General ........................................
Virginia Surety........................................... Security Ins Co of Hartford........................
Utica Mutual .............................................. TIG Insurance ...........................................
Providence Washington ............................ Pearl Assurance PLC................................
ICAROM PLC............................................ Hanover Insurance....................................
Everest Insurance Of Canada................... Centennial Insurance ................................
Employers Insurance Of Wausau ............. British Aviation ..........................................
Lumbermens Mutual Casualty .................. Eagle Star Insurance ................................
81. 82.
83. 84.
85. 86.
87. 88.
89. 90.
91. 92.
93. 94.
95. 96.
97. 98.
99. 100.
101. 102.
103. 104.
–5,000 –13,000
0 0
0 0
0 0
7,000 0
95,000 12,000
959,000 575,000
2,334,000 1,438,000
4,368,000 3,164,000
5,216,000 4,922,000
5,959,000 5,289,000
7,504,000 6,615,000
–5,000 –13,000
0 0
0 0
0 0
7,000 0
580,000 93,000
925,000 747,000
2,354,000 1,543,000
4,012,000 3,052,000
4,981,000 4,728,000
5,949,000 5,161,000
7,504,000 6,615,000
10,219,000 7,855,000
32,186,158,000
American Road Insurance ........................ Mearie Group ............................................
79. 80.
10,307,000 7,993,000
11,186,000 8,672,000
TOTALS.................................................... 32,802,360,000
Western Surety ......................................... Daimler Chrysler Insurance ......................
77. 78.
11,585,000 11,443,000
18,435,000 10,313,000
85.34 6,212.90
42.16 27.31
0.00 0.06
48.65 59.70
37.40 62.18
12.46 50.65
119.84 33.18
–0.18 53.01
64.87 46.22
39.06 50.64
Earned Loss Ratio %
0.00 0.00
0.00 0.00
0.00 0.00
20,404,681,000
201,000 –3,328,000
63.40
–138.62 618.59
510,000 –10,200.00 –200,000 1,538.46
–131,000 –1,228,000
0 0
231,000 0
–309,000 –4,414.29 1,168,000 0.00
495,000 5,778,000
390,000 204,000
0 1,000
1,952,000 1,822,000
1,863,000 2,940,000
741,000 2,614,000
8,993,000 2,195,000
–18,000 4,164,000
7,256,000 4,008,000
7,200,000 5,222,000
Net Net Claims & Adjusting Expenses $
4,188,553,000
–55,000 4,000
0 0
0 0
0 0
0 0
0 0
9,000 0
–7,000 81,000
301,000 98,000
1,792,000 605,000
716,000 543,000
0 1,115,000
0 0
6,092,000 234,000
1,685,000 1,876,000
–30,000 2,116,000
Commissions $
1,098,566,000
–1,000 4,000
3,000 0
0 2,000
0 0
0 0
1,000 0
0 0
0 68,000
256,000 69,000
125,000 46,000
134,000 224,000
0 52,000
336,000 275,000
379,000 193,000
142,000 434,000
829,000 0
Taxes $
3,843,568,000
318,000 224,000
91,000 150,000
120,000 304,000
88,000 84,000
170,000 61,000
212,000 380,000
240,000 369,000
573,000 2,582,000
201,000 570,000
390,000 942,000
844,000 1,519,000
1,016,000 2,356,000
533,000 1,902,000
1,639,000 80,000
2,471,000 5,592,000
2,563,000 2,447,000
General Expenses $
28.37
–180.69 –43.12
–1,880.00 –1,153.85
0.00 0.00
0.00 0.00
0.00 0.00
3,042.86 0.00
42.93 396.77
61.19 365.60
32.20 47.76
57.50 52.20
34.01 48.35
17.08 68.26
11.58 32.91
79.36 6.45
38.42 91.12
18.24 44.25
Total Expense Ratio %
91.77
–319.31 575.47
–12,080.00 384.61
0.00 0.00
0.00 0.00
0.00 0.00
–1,371.43 0.00
128.27 6,609.67
103.35 392.91
32.20 47.82
106.15 111.90
71.41 110.53
29.54 118.91
131.42 66.09
79.18 59.46
103.29 137.34
57.30 94.89
Combined Loss & Exp. Ratio %
2,381,844,000
–608,000 2,558,000
–609,000 37,000
11,000 922,000
–88,000 –84,000
–401,000 –61,000
103,000 –1,584,000
230,000 –6,054,000
–31,000 –2,188,000
–119,000 805,000
–183,000 –344,000
1,424,000 –437,000
4,202,000 –1,854,000
–2,358,000 2,332,000
2,127,000 3,184,000
–368,000 –2,614,000
8,236,000 551,000
Undrwtg. Profit or Loss $
3,918,014,000
1,592,000 854,000
1,909,000 123,000
137,000 545,000
123,000 124,000
359,000 59,000
231,000 4,678,000
854,000 4,523,000
120,000 505,000
119,000 1,023,000
53,000 984,000
1,381,000 212,000
490,000 3,134,000
703,000 1,900,000
87,000 915,000
2,800,000 2,080,000
11,843,000 1,012,000
Inv. Income $
3.97 19.10
2.60 3.13
–3.71 14.81
1.29 1.26
0.05 0.13
6.46 11.48
4.26 0.45
5.20 –8.75
0.00 7.12
–3.44 6.22
6.84 –5.00
75.94 3.80
7.25 15.89
10.38 29.74
3.37 –1.41
5.87 8.74
Return on Equity %
9:00 AM
–145,000 –538,000
PEI Mutual Insurance................................ Trisura .......................................................
75. 76.
17,707,000 12,152,000
Premiums Earned 100% Basis $
GENERAL COMPANIES (PRIVATE SECTOR) RESULTS (from figures supplied by the companies for 2007 business transacted in Canada)
5/9/08
–145,000 –538,000
Hartford Fire Insurance ............................. Mutual Fire Insurance Co of BC................
73. 74.
Net Premiums Written $
UNDERWRITING RESULTS
(Continued From Page 48)
p 46,48,50 Undrwrt Res(DTPGENR3) Page 50
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 51 Giffin
5/9/08
9:04 AM
Page 51
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To r o n t o O N , C a n a d a
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52
Chubb Insurance Co of Canada ............... Kingsway Financial ................................... Allstate Insurance of Canada....................
Ontario Mutual Insurance.......................... La Capitale Assurances ............................ RBC General.............................................
SGI Canada Group ................................... American Bankers of Florida..................... ACE INA Insurance...................................
FM Global ................................................. St. Paul Fire & Marine............................... Guarantee Co Of North America...............
CNA Canada Group.................................. RBC Insurance.......................................... Alberta Motor Association .........................
Motors Insurance Corporation .................. Gore Mutual .............................................. Allianz Global Risks US ............................
Travelers Guarantee ................................. GCAN........................................................ Liberty Mutual ...........................................
Canadian Northern Shield......................... First Canadian Title................................... Portage La Prairie Mutual .........................
19. 20. 21.
22. 23. 24.
25. 26. 27.
28. 29. 30.
31. 32. 33.
34. 35. 36.
37. 38. 39.
Northbridge Financial................................ Desjardins General ................................... Lloyd’s Underwriters .................................
10. 11. 12.
16. 17. 18.
Royal & Sun Alliance ................................ State Farm Insurance Company ............... Wawanesa Mutual Insurance....................
7. 8. 9.
The Dominion Of Canada ......................... Zurich Canada .......................................... American Home Assurance ......................
Economical Insurance Group.................... TD Meloche Monnex................................. AXA Canada-Group Of Companies ..........
4. 5. 6.
155,881,000 148,035,000 140,085,000
188,485,000 185,977,000 181,524,000
202,051,000 198,192,000 193,227,000
251,678,000 235,080,000 213,421,000
288,821,000 286,426,000 285,904,000
346,539,000 330,716,000 324,526,000
475,966,000 376,645,000 350,410,000
14,000 1,924,000 593,000
1,509,000 682,000 2,270,000
188,000 12,000 1,573,000
1,368,000 1,394,000 0
5,065,000 2,086,000 1,200,000
5,000 3,607,000 3,471,000
0 0 1,257,000
1,682,000 1,768,000 0
30,491,000 6,443,000 12,139,000
23,921,000 2,875,000 11,814,000
99,931,000 0 0
19,864,000 7,832,000 41,747,000
1,165,000 77,023,000 66,928,000
Nfld. $
0 453,000 2,956,000
223,000 225,000 638,000
27,000 0 369,000
428,000 724,000 0
678,000 748,000 279,000
8,734,000 1,079,000 759,000
0 0 3,298,000
403,000 85,000 0
14,179,000 1,357,000 3,753,000
5,050,000 4,927,000 2,428,000
8,811,000 0 5,516,000
3,513,000 4,083,000 310,000
8,678,000 14,704,000 17,926,000
P.E.I. $
15,000 2,334,000 32,776,000
3,137,000 1,261,000 2,759,000
435,000 0 3,274,000
1,993,000 3,766,000 0
4,885,000 4,343,000 4,506,000
1,002,000 7,835,000 6,003,000
0 0 8,022,000
4,316,000 3,446,000 10,159,000
46,998,000 12,901,000 18,708,000
31,515,000 28,561,000 14,781,000
108,801,000 0 53,057,000
66,877,000 48,757,000 15,368,000
138,944,000 98,228,000 60,073,000
N.S. $
0 9,790,000 0
25,373,000 21,096,000 33,540,000
4,929,000 0 35,141,000
39,924,000 44,835,000 0
60,278,000 39,219,000 42,198,000
3,000 47,552,000 47,335,000
0 376,645,000 21,491,000
127,982,000 128,764,000 94,616,000
1,780,000 147,738,000 158,471,000
201,459,000 920,259,000 231,443,000
75,935,000 0 76,677,000
181,823,000 179,615,000 761,674,000
1,041,003,000 477,951,000 273,047,000
Quebec $
(Continued On Page 54)
113,000 2,941,000 7,813,000
1,990,000 1,606,000 2,644,000
222,000 9,000 5,327,000
2,344,000 2,224,000 0
10,927,000 4,572,000 3,861,000
2,354,000 5,663,000 9,878,000
0 0 9,075,000
3,674,000 7,050,000 24,191,000
22,726,000 17,819,000 19,446,000
28,094,000 13,916,000 15,727,000
44,606,000 41,887,000 83,935,000
56,735,000 32,602,000 47,884,000
47,978,000 76,679,000 61,078,000
N.B. $
506,000 70,572,000 20,998,000
68,849,000 69,173,000 78,531,000
182,939,000 154,872,000 75,788,000
95,060,000 98,561,000 82,000
84,736,000 86,961,000 199,599,000
26,884,000 130,018,000 145,403,000
475,966,000 0 276,698,000
331,496,000 386,239,000 329,634,000
705,079,000 421,338,000 333,634,000
773,385,000 409,311,000 380,205,000
775,931,000 1,354,815,000 431,929,000
1,180,798,000 1,144,797,000 331,132,000
1,757,941,000 1,757,426,000 897,109,000
Ontario $
200,000 5,862,000 37,859,000
5,847,000 5,345,000 4,687,000
394,000 20,000 5,084,000
11,777,000 9,117,000 7,430,000
7,659,000 10,194,000 4,935,000
12,627,000 8,604,000 10,706,000
0 0 572,000
9,895,000 1,318,000 0
1,248,000 13,977,000 27,958,000
22,204,000 4,325,000 29,342,000
11,765,000 0 76,161,000
6,412,000 1,618,000 9,945,000
54,596,000 55,961,000 41,003,000
Manitoba $
357,000 5,365,000 7,919,000
4,693,000 4,834,000 2,607,000
1,639,000 21,000 5,417,000
6,151,000 5,546,000 11,000
7,914,000 9,037,000 1,201,000
281,719,000 7,421,000 9,877,000
0 0 647,000
5,570,000 463,000 0
1,389,000 16,070,000 28,898,000
31,551,000 587,000 29,626,000
9,255,000 0 66,966,000
480,000 1,385,000 4,728,000
2,575,000 35,599,000 52,837,000
Sask. $
1,395,000 34,653,000 28,208,000
21,952,000 48,266,000 39,018,000
8,308,000 180,000 32,444,000
48,251,000 30,939,000 205,847,000
45,006,000 56,703,000 19,256,000
13,083,000 35,849,000 64,795,000
0 0 24,220,000
80,024,000 49,462,000 73,720,000
144,870,000 172,588,000 157,563,000
195,644,000 40,853,000 249,812,000
313,958,000 133,946,000 557,804,000
179,904,000 425,638,000 175,295,000
799,140,000 343,007,000 474,431,000
Alberta $
152,764,000 13,892,000 963,000
54,317,000 32,623,000 14,467,000
2,925,000 43,000,000 25,801,000
43,614,000 37,687,000 51,000
60,119,000 68,302,000 8,509,000
113,000 81,975,000 24,412,000
0 0 4,651,000
83,024,000 26,340,000 1,123,000
65,520,000 111,867,000 94,089,000
152,344,000 1,954,000 316,546,000
113,118,000 0 142,366,000
192,667,000 8,547,000 190,866,000
234,739,000 201,245,000 130,505,000
B.C. $
371,000 108,000 0
66,000 227,000 307,000
5,000 19,000 1,339,000
130,000 122,000 0
138,000 1,195,000 58,000
4,000 468,000 615,000
0 0 193,000
100,000 373,000 51,000
1,799,000 890,000 2,415,000
1,162,000 404,000 3,812,000
2,772,000 168,000 5,291,000
207,000 4,000,000 1,400,000
4,333,000 4,894,000 5,269,000
Yukon $
146,000 76,000 0
361,000 607,000 46,000
39,000 54,000 1,667,000
441,000 160,000 0
417,000 1,292,000 297,000
11,000 542,000 949,000
0 0 201,000
381,000 277,000 152,000
1,594,000 5,720,000 6,428,000
3,181,000 1,043,000 3,635,000
3,305,000 489,000 601,000
489,000 2,924,000 2,807,000
8,811,000 12,302,000 5,883,000
N.W.T. $
0 65,000 0
168,000 32,000 10,000
1,000 5,000 3,000
197,000 5,000 0
999,000 1,774,000 5,000
0 103,000 323,000
0 0 85,000
0 18,000 13,000
461,000 3,000 440,000
521,000 58,000 2,736,000
1,382,000 43,000 60,000
46,000 153,000 604,000
92,000 184,000 760,000
Nunavut $
9:05 AM
648,547,000 605,603,000 533,659,000
1,038,134,000 928,711,000 863,942,000
1,470,031,000 1,429,073,000 1,291,907,000
1,569,570,000 1,531,348,000 1,500,363,000
1,889,815,000 1,861,951,000 1,583,760,000
4,099,995,000 3,155,203,000 2,086,849,000
Totals $
5/9/08
13. 14. 15.
ING Canada .............................................. Aviva Canada Inc...................................... Co-operators General ...............................
1. 2. 3.
Company
(Excludes A&S and Reinsurance Companies)
By company – on a province by province basis
2007 TOTAL DIRECT WRITTEN BUSINESS
p 52,54,56 Totl Dir Writ Bus(DTP761R3) Page 52
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
Applied Systems, Inc. All rights reserved.
a
Sc tr he ip d fo ule r 2 a to FR La EE nc T e AM Bu d rt em on o :M f as or te a r ch M a ag nc ic e ia a n t in w La inn s in Ve g ga s.
54
Boiler Inspection & Insurance ................... Euler Hermes American Credit ................. National Liability & Fire .............................
Le Groupe Estrie-Richelieu....................... Co-operative Hail ...................................... Saskatchewan Mutual Insurance ..............
Ontario School Board................................ Mitsui Sumitomo ....................................... Hartford Fire Insurance .............................
SecuriCAN ................................................ Tokio Marine & Nichido Fire...................... Mutual Fire Insurance Co of BC................
Trisura....................................................... Western Surety ......................................... PEI Mutual Insurance................................
Mennonite Mutual Fire .............................. Daimler Chrysler Insurance ...................... Mearie Group ............................................
American Road Insurance ........................ Pacific Coast Fishermen’s ........................ Pool Insurance ..........................................
61. 62. 63.
64. 65. 66.
67. 68. 69.
70. 71. 72.
73. 74. 75.
76. 77. 78.
79. 80. 81.
Pafco......................................................... London & Midland General ....................... BCAA Insurance Corporation....................
52. 53. 54.
Grain Insurance & Guarantee ................... Old Republic Insurance of Cda ................. Red River Valley Mutual ...........................
Optimum General...................................... Affiliated FM Insurance ............................. L’Unique Assurances Generales ..............
49. 50. 51.
58. 59. 60.
CAA Insurance (Ontario)........................... Canadian Direct Insurance ....................... Pembridge.................................................
46. 47. 48.
Cumis General .......................................... Legacy General......................................... North Waterloo Farmers Mutual................
SSQ, Societe d’assurances ...................... Commerce & Industry Insurance .............. XL Insurance.............................................
43. 44. 45.
7,504,000 6,794,000 6,683,000
10,715,000 9,686,000 8,992,000
17,608,000 17,484,000 13,179,000
21,111,000 20,079,000 18,800,000
34,212,000 28,413,000 22,545,000
36,921,000 35,080,000 34,944,000
40,329,000 40,244,000 38,021,000
141,000 0 0
0 34,000 0
56,000 861,000 0
74,000 23,000 0
0 208,000 13,000
0 0 0
411,000 201,000 1,074,000
351,000 32,000 0
622,000 1,059,000 0
0 2,716,000 0
0 457,000 0
0 0 0
0 1,215,000 463,000
10,000 0 0
Nfld. $
5,000 0 0
0 34,000 0
3,000 41,000 13,179,000
41,000 1,000 0
0 38,000 4,000
0 0 0
317,000 111,000 243,000
394,000 53,000 0
470,000 199,000 0
0 568,000 0
0 199,000 29,000
814,000 0 0
0 177,000 2,000
124,000 0 0
P.E.I. $
196,000 0 0
0 189,000 0
244,000 378,000 0
610,000 183,000 0
0 253,000 38,000
0 0 0
711,000 719,000 1,124,000
1,909,000 2,158,000 0
5,602,000 1,799,000 0
1,637,000 2,934,000 0
0 1,120,000 58,000
4,419,000 0 14,970,000
0 1,949,000 3,608,000
598,000 0 0
N.S. $
1,952,000 0 0
0 2,752,000 0
1,486,000 3,000 0
731,000 789,000 0
0 1,959,000 1,150,000
36,921,000 0 0
11,128,000 14,204,000 6,807,000
413,000 769,000 0
1,514,000 5,832,000 0
18,708,000 12,423,000 0
27,241,000 40,943,000 81,013,000
0 0 2,957,000
120,773,000 48,503,000 23,137,000
13,194,000 0 121,160,000
Quebec $
(Continued On Page 56)
147,000 0 0
0 199,000 0
101,000 481,000 0
171,000 21,000 0
0 90,000 60,000
0 0 0
1,026,000 615,000 257,000
1,624,000 1,695,000 0
2,373,000 1,484,000 0
2,247,000 3,150,000 0
0 539,000 296,000
3,147,000 0 10,107,000
0 3,112,000 2,622,000
186,000 0 0
N.B. $
2,598,000 0 142,000
0 2,996,000 8,992,000
9,592,000 2,918,000 0
11,483,000 13,174,000 0
34,212,000 12,782,000 7,547,000
0 0 0
15,679,000 17,895,000 12,045,000
9,633,000 29,514,000 0
34,783,000 22,861,000 50,306,000
58,620,000 34,048,000 0
27,227,000 29,103,000 31,000
107,161,000 0 65,586,000
0 42,577,000 50,753,000
116,928,000 0 0
Ontario $
184,000 0 559,000
0 289,000 0
496,000 1,584,000 0
592,000 48,000 0
0 305,000 1,360,000
0 6,117,000 4,991,000
988,000 379,000 1,418,000
5,599,000 143,000 44,897,000
4,490,000 2,143,000 0
0 3,806,000 0
5,099,000 2,761,000 0
0 0 0
0 1,179,000 1,749,000
591,000 7,720,000 0
Manitoba $
234,000 0 4,620,000
10,715,000 167,000 0
324,000 2,678,000 0
205,000 47,000 0
0 173,000 3,474,000
0 28,963,000 19,550,000
2,205,000 0 853,000
11,066,000 105,000 2,734,000
3,115,000 2,189,000 0
0 1,906,000 794,000
0 1,091,000 0
0 0 0
0 1,004,000 2,156,000
499,000 3,411,000 0
Sask. $
1,357,000 0 1,190,000
0 2,345,000 0
2,959,000 4,733,000 0
2,423,000 1,383,000 0
0 3,972,000 7,234,000
0 0 10,403,000
3,166,000 936,000 5,958,000
5,741,000 9,304,000 0
8,935,000 8,494,000 0
0 10,423,000 0
5,194,000 4,592,000 0
0 41,226,000 3,436,000
0 10,564,000 16,409,000
3,073,000 99,482,000 0
Alberta $
653,000 6,794,000 170,000
0 656,000 0
2,232,000 3,733,000 0
4,751,000 4,394,000 18,800,000
0 8,433,000 1,662,000
0 0 0
4,570,000 5,184,000 7,034,000
11,619,000 4,457,000 0
5,455,000 4,862,000 0
0 6,534,000 73,820,000
31,607,000 7,046,000 0
0 63,603,000 0
0 9,196,000 15,025,000
4,153,000 17,557,000 0
B.C. $
7,000 0 0
0 0 0
28,000 0 0
18,000 2,000 0
0 62,000 2,000
0 0 0
8,000 0 342,000
49,000 27,000 0
0 81,000 0
9,000 198,000 4,000
0 7,000 0
0 0 12,000
0 14,000 2,000
15,000 807,000 0
Yukon $
30,000 0 0
0 25,000 0
76,000 74,000 0
7,000 14,000 0
0 122,000 1,000
0 0 0
70,000 0 761,000
1,000 37,000 0
0 200,000 0
26,000 309,000 0
0 0 0
0 0 35,000
0 74,000 3,000
23,000 1,182,000 0
N.W.T. $
0 0 2,000
0 0 0
11,000 0 0
5,000 0 0
0 16,000 0
0 0 0
50,000 0 105,000
0 3,000 0
0 26,000 0
3,000 0 0
0 0 0
0 0 3,000
0 17,000 1,000
2,000 389,000 0
Nunavut $
9:05 AM
48,399,000 48,297,000 47,631,000
67,359,000 51,229,000 50,306,000
81,250,000 79,015,000 74,618,000
96,368,000 87,858,000 81,427,000
115,541,000 104,829,000 97,106,000
120,773,000 119,581,000 115,930,000
139,396,000 130,548,000 121,160,000
Totals $
By company – on a province by province basis (Excludes A&S and Reinsurance Companies)
2007 TOTAL DIRECT WRITTEN BUSINESS
5/9/08
55. 56. 57.
Echelon General ....................................... Peace Hills General .................................. Industrielle Alliance ...................................
40. 41. 42.
Company
(Continued From Page 52)
p 52,54,56 Totl Dir Writ Bus(DTP761R3) Page 54
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 55 Lloyds
5/9/08
9:06 AM
Page 55
This man leads one of Canada’s foremost underwriting companies. Behind him is a dedicated team focussed on delivering quality service and innovative solutions. Behind them is the expertise of a parent company with 77 years experience of underwriting in North America. And behind them all is the financial security of the Lloyd’s global insurance market. So why trust anyone else to back up your business?
Rob Lee Managing Director MINT Canadian Specialty
As an agent of Lloyd’s of London, MINT Canadian Specialty’s philosophy is to provide innovative solutions and quality service to our brokers and policyholders. With access to the expertise and resources of our $5 billion parent company, we pride ourselves on delivering a wide range of products covering errors and omissions, allied healthcare, products liability, medical malpractice, business interruption and employment practices liability cover. Our financial strength is proven by our ‘A’ rating from A.M. Best.
MINT Canadian Specialty is an agent of Lloyd's of London and a subsidiary of Top 50 US property and casualty insurer Markel Corporation
For further information contact: MINT CANADIAN SPECIALTY 145 King Street East, Suite 500, Toronto Ontario M5C 2Y7 Tel: 416-360-MINT (6468) www.mintcanadian.ca
56 –5,000 –24,000 35,820,615,000
Omega General ........................................ Virginia Surety........................................... Security Ins Co of Hartford........................
Lumbermens Mutual Casualty .................. Utica Mutual .............................................. British Aviation ..........................................
Employers Insurance Of Wausau ............. Eagle Star Insurance ................................
TOTALS....................................................
88. 89. 90.
91. 92. 93.
94. 95.
2,000 2,000 –3,000
1,178,000 96,000 3,000
4,337,000 2,305,000 1,969,000
Antigonish Farmers’ Mutual ...................... Clare Mutual.............................................. Sentry Insurance.......................................
85. 86. 87.
6,028,000 4,368,000 4,344,000
Kings Mutual Insurance ............................ Innovative Insurance................................. Sompo Japan Insurance ...........................
Totals $
82. 83. 84.
Company
(Continued From Page 54)
0 0 0
443,873,000
134,405,000
0 0
0 0 0
12,000 0 0
0 0 1,000
5,000 0 0
P.E.I. $
910,045,000
0 0
0 0 0
52,000 0 0
4,337,000 2,305,000 85,000
6,020,000 0 4,000
N.S. $
755,487,000
0 0
0 0 0
69,000 0 0
0 0 68,000
3,000 1,000 6,000
N.B. $
6,528,684,000
–3,000 –29,000
0 0 0
124,000 1,000 0
0 0 160,000
0 0 383,000
Quebec $
16,879,490,000
–2,000 –1,000
0 2,000 –3,000
240,000 96,000 3,000
0 0 637,000
0 16,000 2,921,000
Ontario $
616,731,000
0 6,000
0 0 0
112,000 0 0
0 0 476,000
0 0 3,000
Manitoba $
755,113,000
0 0
0 0 0
20,000 0 0
0 0 407,000
0 0 53,000
Sask. $
5,605,588,000
0 0
0 0 0
103,000 0 0
0 0 91,000
0 4,320,000 110,000
Alberta $
3,062,415,000
0 0
2,000 0 0
433,000 –1,000 0
0 0 42,000
0 31,000 863,000
B.C. $
46,400,000
0 0
0 0 0
0 0 0
0 0 0
0 0 1,000
Yukon $
0 0
0 0 0
0 0 0
0 0 0
0 0 0
70,398,000
N.W.T. $
11,986,000
0 0
0 0 0
4,000 0 0
0 0 0
0 0 0
Nunavut $
5/9/08
0 0
0 0 0
9,000 0 0
0 0 2,000
Nfld. $
By company – on a province by province basis (Excludes A&S and Reinsurance Companies)
2007 TOTAL DIRECT WRITTEN BUSINESS
p 52,54,56 Totl Dir Writ Bus(DTP761R3) 9:05 AM Page 56
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 57 Servicemaster
5/9/08
9:08 AM
Page 57
WWW SERVICEMASTER CA
58
State Farm Insurance Company ........ 1,139,081,000 Economical Insurance Group ............. 1,113,553,000 Co-operators General......................... 1,046,097,000
Desjardins General............................. Wawanesa Mutual Insurance ............. Royal & Sun Alliance..........................
AXA Canada-Group Of Companies ... Northbridge Financial ......................... The Dominion Of Canada...................
Kingsway Financial............................. Allstate Insurance of Canada ............. RBC General ......................................
Zurich Canada.................................... La Capitale Assurances ..................... Ontario Mutual Insurance ...................
Alberta Motor Association .................. SGI Canada Group............................. Echelon General.................................
CAA Insurance (Ontario) .................... Gore Mutual........................................ Guarantee Co Of North America ........
SSQ, Societe d’assurances................ Pafco .................................................. Canadian Direct Insurance.................
Pembridge .......................................... Industrielle Alliance ............................ ACE INA Insurance ............................
Portage La Prairie Mutual................... Peace Hills General............................ Chubb Insurance Co of Canada.........
Motors Insurance Corporation............ American Home Assurance................ St. Paul Fire & Marine ........................
L’Unique Assurances Generales........ Old Republic Insurance of Cda .......... Cumis General ...................................
Canadian Northern Shield .................. Liberty Mutual..................................... Optimum General ...............................
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. 39.
40. 41. 42.
25,698,000 23,605,000 23,400,000
45,487,000 38,802,000 26,707,000
58,994,000 48,454,000 47,436,000
65,877,000 63,223,000 62,037,000
74,465,000 71,818,000 66,196,000
83,270,000 81,250,000 79,511,000
95,985,000 94,791,000 84,873,000
164,322,000 146,191,000 98,392,000
0 224,000 0
0 15,000 138,000
188,000 302,000 676,000
427,000 0 54,000
0 0 434,000
0 0 0
0 0 53,000
0 0 –16,000
1,292,000 0 0
695,000 0 978,000
0 356,000 0
0 30,000 69,000
27,000 18,000 135,000
2,381,000 0 2,000
0 0 174,000
0 0 0
754,000 0 15,000
0 6,789,000 110,000
610,000 0 0
–11,000 0 3,162,000
–5,000 2,283,000 10,126,000
4,379,000 4,459,000 5,615,000
0 1,907,000 10,115,000
5,303,000 10,308,000 3,590,000
P.E.I. $
0 596,000 0
0 1,969,000 3,034,000
435,000 1,967,000 530,000
23,561,000 0 156,000
11,688,000 0 2,067,000
0 1,637,000 0
3,762,000 0 710,000
0 454,000 418,000
5,261,000 0 0
1,905,000 7,431,000 6,827,000
7,453,000 14,097,000 30,807,000
22,187,000 38,438,000 60,732,000
0 38,479,000 27,788,000
79,990,000 60,153,000 37,573,000
N.S. $
0 3,175,000 4,335,000
45,487,000 523,000 25,000
4,892,000 5,232,000 2,899,000
0 0 9,502,000
2,000 71,818,000 6,888,000
83,270,000 18,708,000 0
0 0 1,924,000
0 0 9,084,000
40,371,000 234,228,000 0
85,931,000 60,517,000 12,903,000
339,893,000 77,051,000 186,000
504,438,000 56,167,000 15,218,000
0 71,602,000 129,949,000
560,711,000 226,598,000 111,284,000
Quebec $
Ontario $
0 9,219,000 15,679,000
0 26,246,000 18,701,000
50,379,000 23,113,000 20,170,000
13,911,000 0 50,288,000
52,526,000 0 32,341,000
0 58,620,000 0
88,754,000 94,715,000 80,847,000
0 17,315,000 87,195,000
129,644,000 0 183,157,000
341,854,000 248,665,000 229,317,000
191,270,000 422,892,000 462,087,000
348,245,000 327,020,000 486,948,000
1,012,599,000 781,417,000 551,345,000
1,123,105,000 1,126,630,000 937,473,000
(Continued On Page 60)
0 382,000 0
0 1,481,000 74,000
222,000 2,206,000 2,620,000
4,904,000 0 50,000
7,621,000 0 4,452,000
0 2,247,000 0
2,715,000 0 675,000
0 1,394,000 29,000
9,759,000 0 0
5,437,000 19,140,000 7,141,000
34,081,000 16,293,000 15,323,000
11,207,000 65,681,000 26,764,000
28,078,000 38,388,000 33,245,000
23,841,000 47,753,000 26,261,000
N.B. $
0 132,000 0
0 91,000 28,000
394,000 473,000 330,000
30,000 0 51,000
0 0 1,051,000
0 0 0
0 0 1,000
0 52,000 0
847,000 0 0
0 0 254,000
4,000 1,206,000 128,000
0 0 88,000
0 –5,000 285,000
977,000 997,000 0
Manitoba $
46,000 151,000 0
0 68,000 18,000
416,000 621,000 692,000
1,130,000 0 12,000
0 0 307,000
0 0 0
0 0 0
0 111,690,000 242,000
1,766,000 0 0
0 0 197,000
183,000 2,108,000 41,000
0 0 134,000
0 0 7,622,000
28,000 4,174,000 0
Sask. $
0 8,388,000 3,386,000
0 8,115,000 4,618,000
1,691,000 11,209,000 17,179,000
19,533,000 62,116,000 1,349,000
2,578,000 0 16,622,000
0 0 36,487,000
0 0 583,000
164,322,000 8,484,000 554,000
59,989,000 0 0
43,257,000 57,711,000 19,621,000
75,513,000 83,914,000 86,722,000
33,181,000 389,197,000 206,500,000
97,704,000 113,238,000 242,336,000
542,511,000 188,927,000 330,109,000
Alberta $
25,652,000 855,000 0
0 197,000 2,000
305,000 3,270,000 782,000
0 0 573,000
0 0 1,034,000
0 0 43,024,000
0 0 3,000
0 1,000 744,000
3,842,000 0 0
145,000 0 1,508,000
5,496,000 4,637,000 1,083,000
0 0 3,728,000
0 54,511,000 75,000
26,562,000 1,453,000 0
B.C. $
0 72,000 0
0 27,000 0
5,000 10,000 537,000
0 453,000 0
12,000 0 404,000
0 9,000 0
0 19,000 18,000
0 3,000 9,000
707,000 0 0
153,000 51,000 155,000
89,000 455,000 1,121,000
365,000 3,608,000 1,663,000
168,000 205,000 2,581,000
2,901,000 1,493,000 3,153,000
Yukon $
0 46,000 0
0 37,000 0
39,000 31,000 291,000
0 581,000 0
35,000 0 385,000
0 26,000 0
0 52,000 39,000
0 9,000 21,000
379,000 0 0
183,000 152,000 184,000
552,000 1,025,000 719,000
909,000 601,000 2,183,000
489,000 488,000 2,521,000
4,327,000 2,430,000 2,294,000
N.W.T. $
0 9,000 0
0 3,000 0
1,000 2,000 595,000
0 73,000 0
3,000 0 37,000
0 3,000 0
0 5,000 5,000
0 0 2,000
3,000 0 0
18,000 13,000 47,000
604,000 167,000 147,000
44,000 60,000 859,000
43,000 46,000 74,000
92,000 175,000 118,000
Nunavut $
9:08 AM
254,470,000 234,228,000 183,157,000
479,567,000 393,680,000 282,294,000
32,324,000 9,338,000 23,571,000
2,180,000 0 69,044,000
0 13,277,000 38,161,000
–71,000 52,387,000 5,382,000
Nfld. $
5/9/08
687,457,000 635,466,000 632,061,000
927,135,000 885,231,000 879,476,000
ING Canada ....................................... 2,370,277,000 Aviva Canada Inc ............................... 1,723,478,000 TD Meloche Monnex .......................... 1,457,237,000
Totals $
1. 2. 3.
Company
(Excludes A&S and Reinsurance Companies)
By company – on a province by province basis
2007 DIRECT WRITTEN AUTO
p 58,60 Dir Writ Auto(DTP765R3).chp Page 58
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 59 Carstar
5/9/08
9:09 AM
Page 59
It’s hard to be humble when your statistics seem to brag.
When you’re getting a 4.8 out of 5 in customer satisfaction, it’s easy to get a little boastful and forget what got you to the top in the first place. But not us. We prefer to let the numbers speak for themselves and ensure that every Tom, Dick or Harry who drives in with a dent, bang or crunch, drives out happy.And, it’s been proven that happier customers result in higher customer retention rates for insurance companies (up to 98%). So you can see why partnering with CARSTAR is good for your numbers too. For more information please contact 1.800.665.2264 ext 246 or email insurance@carstar.ca
“Over 120 locations nationwide”
60
Ontario School Board ......................... Le Groupe Estrie-Richelieu ................ Mearie Group .....................................
Hartford Fire Insurance ...................... Sentry Insurance ................................ XL Insurance ......................................
Mennonite Mutual Fire........................ GCAN ................................................. Employers Insurance Of Wausau.......
55. 56. 57.
58. 59. 60.
61. 62. 63.
1,082,000 554,000 498,000
1,607,000 1,350,000 1,270,000
4,220,000 2,801,000 1,931,000
13,000 2,000 1,000
0 0 0
22,000 11,000 0
0 23,000 0
251,505,000
Mitsui Sumitomo................................. Commerce & Industry Insurance........ BCAA Insurance Corporation .............
52. 53. 54.
6,514,000 5,718,000 4,283,000
52,000 34,000 141,000
TOTALS ............................................. 17,099,144,000
Saskatchewan Mutual Insurance ....... Tokio Marine & Nichido Fire ............... Innovative Insurance ..........................
49. 50. 51.
11,328,000 9,412,000 7,504,000
147,000 0 6,000
Nfld. $
72,758,000
0 0 0
0 1,000 0
0 0 0
0 0 0
0 1,000 0
1,000 33,000 5,000
16,000 0 0
P.E.I. $
492,988,000
0 0 0
21,000 49,000 7,000
0 0 0
30,000 33,000 0
0 58,000 0
72,000 181,000 196,000
236,000 0 0
N.S. $
440,236,000
0 0 0
17,000 68,000 6,000
0 0 0
34,000 138,000 0
0 16,000 1,000
27,000 194,000 147,000
106,000 0 18,000
N.B. $
2,811,729,000
0 20,000 –2,000
183,000 112,000 96,000
0 1,350,000 0
258,000 809,000 0
0 434,000 0
890,000 2,685,000 1,952,000
2,565,000 0 5,566,000
Quebec $
9,687,681,000
0 169,000 –2,000
649,000 180,000 317,000
1,607,000 0 1,270,000
3,171,000 1,088,000 0
0 4,911,000 15,000
4,683,000 2,890,000 2,598,000
4,967,000 15,574,000 –93,000
Ontario $
(Excludes A&S and Reinsurance Companies)
9,989,000
0 0 0
7,000 18,000 2,000
0 0 0
3,000 62,000 0
1,099,000 5,000 0
839,000 279,000 184,000
78,000 0 –1,000
Manitoba $
139,831,000
318,000 0 0
15,000 9,000 2,000
0 0 0
4,000 93,000 0
5,415,000 2,000 0
28,000 164,000 234,000
195,000 0 1,706,000
Sask. $
2,962,682,000
0 55,000 0
113,000 83,000 46,000
0 0 0
669,000 380,000 0
0 203,000 4,266,000
4,267,000 2,291,000 1,357,000
6,868,000 0 4,440,000
Alberta $
0 0 0
0 0 0
0 0 0
1,000 0 0
0 2,000 0
19,000 0 7,000
21,000 0 76,000
Yukon $
184,812,000 20,572,000
0 0 0
64,000 32,000 21,000
0 0 0
25,000 187,000 1,931,000
0 59,000 1,000
433,000 637,000 653,000
579,000 0 708,000
B.C. $
21,099,000
0 0 0
0 0 0
0 0 0
3,000 0 0
0 4,000 0
2,000 24,000 30,000
12,000 0 –4,000
N.W.T. $
3,262,000
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
15,000 0 0
0 0 –1,000
Nunavut $
9:08 AM
0 0 0
CNA Canada Group ........................... Daimler Chrysler Insurance................ American Road Insurance..................
46. 47. 48.
15,790,000 15,574,000 12,421,000
Totals $
2007 DIRECT WRITTEN AUTO By company – on a province by province basis
5/9/08
318,000 244,000 –4,000
Allianz Global Risks US...................... North Waterloo Farmers Mutual ......... Lloyd’s Underwriters...........................
43. 44. 45.
Company
(Continued From Page 58)
p 58,60 Dir Writ Auto(DTP765R3).chp Page 60
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 61 tritech.indd 61
5/12/08 8:57:02 AM
62 0 1,772,510,000
Everest Reinsurance.................................
Farm Mutual Reinsurance Plan ................
PartnerRe..................................................
Promutuel Reassurance ...........................
Transatlantic Reinsurance ........................
Hannover Ruckversicherung AG ..............
XL Re America Inc - Cdn Branch ..............
Scor Canada Reinsurance ........................
General Reinsurance ................................
Paris Re ....................................................
Odyssey Amercia Re ................................
Caisse Centrale Re ...................................
Toa Reinsurance.......................................
Munich Re America...................................
Folksamerica Reinsurance .......................
MAPFRE ...................................................
American Agricultural ................................
Nipponkoa Insurance ................................
Scor Reinsurance .....................................
Alea Europe Ltd. .......................................
T.H.E. Insurance .......................................
Terra Nova ................................................
AXA RE .....................................................
Insurance Corp of New York .....................
Sorema North America Re ........................
TOTALS....................................................
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.
302,928,000
Swiss Reinsurance Group ........................
0
0
32,000
70,000
155,000
219,000
1,370,000
11,058,000
11,695,000
16,517,000
22,215,000
40,082,000
40,393,000
49,177,000
53,432,000
56,809,000
97,838,000
104,627,000
104,970,000
1,832,559,000
0
0
0
32,000
91,000
160,000
443,000
1,296,000
11,149,000
10,571,000
21,237,000
18,676,000
40,477,000
41,032,000
48,501,000
55,069,000
52,845,000
96,765,000
109,212,000
102,708,000
107,001,000
116,013,000
132,122,000
136,119,000
152,271,000
1,039,503,000
153,000
–398,000
–1,110,000
–156,000
21,000
–923,000
–2,751,000
210,000
6,687,000
2,995,000
6,572,000
15,346,000
20,754,000
25,565,000
26,364,000
30,187,000
10,519,000
62,107,000
42,268,000
60,342,000
46,958,000
81,141,000
74,826,000
153,904,000
69,387,000
140,700,000
167,835,000
$
Expenses
56.72
0.00
0.00
0.00
–487.50
23.08
–576.88
–620.99
16.20
59.98
28.33
30.95
82.17
51.27
62.31
54.36
54.82
19.91
64.18
38.70
58.75
43.89
69.94
56.63
113.07
45.57
53.06
53.52
%
Ratio
Loss
Earned
406,461,000
–39,000
0
0
–25,000
10,000
22,000
10,000
238,000
1,730,000
1,818,000
5,302,000
4,555,000
7,361,000
11,617,000
10,992,000
6,154,000
3,993,000
27,272,000
27,246,000
22,474,000
24,145,000
29,657,000
38,488,000
13,796,000
34,516,000
54,808,000
80,321,000
$
Commissions
10,505,000
0
0
0
0
2,000
0
0
25,000
0
0
0
1,000
0
21,000
0
0
204,000
0
1,843,000
0
18,000
12,000
0
0
0
2,416,000
5,963,000
$
Taxes
127,572,000
310,000
152,000
913,000
224,000
138,000
461,000
277,000
362,000
571,000
621,000
1,782,000
630,000
2,930,000
2,502,000
2,485,000
11,111,000
11,824,000
6,601,000
12,020,000
2,391,000
3,152,000
5,203,000
5,861,000
8,041,000
5,730,000
18,198,000
23,082,000
$
Expenses
General
Total
29.71
0.00
0.00
0.00
621.88
164.84
301.88
64.79
48.23
20.64
23.07
33.36
27.77
25.42
34.46
27.79
31.35
30.32
35.01
37.64
24.21
25.53
30.06
33.57
16.04
26.43
28.44
34.88
%
Ratio
Expense
Combined
86.43
0.00
0.00
0.00
134.38
187.92
–275.00
–556.20
64.43
80.62
51.40
64.31
109.94
76.69
96.77
82.15
86.17
50.23
99.19
76.34
82.96
69.42
100.00
90.20
129.11
72.00
81.50
88.40
%
Ratio
Loss & Exp.
248,250,000
–424,000
246,000
197,000
–11,000
–80,000
600,000
2,907,000
461,000
2,161,000
5,137,000
7,581,000
–1,955,000
9,432,000
1,327,000
8,660,000
7,617,000
26,305,000
785,000
25,665,000
17,501,000
32,728,000
0
12,947,000
–39,622,000
42,638,000
49,054,000
36,393,000
$
or Loss
Profit
Undrwtg.
382,581,000
1,646,000
532,000
25,884,000
1,699,000
65,000
2,148,000
1,432,000
1,264,000
2,168,000
1,032,000
4,838,000
8,657,000
6,976,000
6,027,000
6,967,000
1,282,000
22,305,000
16,817,000
18,976,000
18,769,000
14,844,000
5,184,000
11,521,000
23,530,000
25,175,000
51,103,000
101,740,000
$
Income
Inv.
14.50
10.54
5.98
7.94
–10.18
4.74
9.57
6.04
11.52
15.60
14.13
–1.27
14.29
11.40
11.08
–0.53
23.30
7.46
14.01
12.01
15.87
4.52
17.38
8.33
22.85
12.41
20.20
%
Equity
on
Return
9:31 AM
108,293,000
120,930,000
124,350,000
313,593,000 265,176,000
Net Claims & Adjusting
5/9/08
134,069,000
142,971,000
228,310,000
Munich Re Canada Group ........................
$
$
2.
100% Basis
Written
1.
Earned
Premiums
Net Premiums
Net
2007 REINSURANCE RESULTS
p 62 REINS RES(DTPRE1R3).chp Page 62
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 63 Tao
5/9/08
9:31 AM
Page 63
ToaRe
Consistency 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
p 64 Five Yr Rec(DTPFYEAR).chp
5/9/08
9:32 AM
Page 64
Experience Totals for Federal And Provincially Registered Companies On An “Earned” Basis Net Premiums Earned $
Net Losses Incurred $
Net Premiums Earned $
Loss Ratio %
PROPERTY TOTAL
Net Losses Incurred $
Loss Ratio %
HAIL
2003 9,119,049,000 5,184,142,000 56.85 2004 10,101,520,000 5,311,816,000 52.58 2005 10,021,331,000 6,883,755,000 68.69 2006 10,217,480,000 5,706,094,000 55.85 2007 10,683,208,000 6,473,577,000 60.60 Total 50,142,588,000 29,559,384,000 58.95 2007 Net Premiums Written: 11,037,875,000 2007 Direct Written Premiums: 11,727,089,000
AIRCRAFT 2003 136,194,000 –83,166,000 –61.06 2004 160,984,000 23,721,000 14.74 2005 161,470,000 21,797,000 13.50 2006 201,603,000 99,551,000 49.38 2007 193,309,000 77,735,000 40.21 Total 853,560,000 139,638,000 16.36 2007 Net Premiums Written: 193,580,000 2007 Direct Written Premiums: 237,553,000
2003 69,943,000 25,634,000 2004 50,329,000 31,016,000 2005 56,212,000 48,539,000 2006 35,156,000 28,125,000 2007 47,725,000 38,059,000 Total 259,365,000 171,373,000 2007 Net Premiums Written: 47,595,000 2007 Direct Written Premiums: 52,521,000
FIVE YEAR
36.65 61.63 86.35 80.00 79.75 66.07
LEGAL EXPENSE 2003 6,559,000 4,156,000 2004 11,146,000 6,081,000 2005 8,423,000 4,441,000 2006 21,821,000 1,850,000 2007 10,571,000 3,440,000 Total 58,520,000 19,968,000 2007 Net Premiums Written: 11,167,000 2007 Direct Written Premiums: 11,215,000
RECORD
63.36 54.56 52.72 8.48 32.54 34.12
AUTO TOTAL
LIABILITY
2003 15,839,815,000 12,936,319,000 81.67 2004 17,796,008,000 12,071,280,000 67.83 2005 16,778,687,000 10,892,965,000 64.92 2006 16,341,650,000 10,993,556,000 67.27 2007 16,570,745,000 11,726,553,000 70.77 Total 83,326,905,000 58,620,673,000 70.35 2007 Net Premiums Written: 16,778,954,000 2007 Direct Written Premiums: 17,076,243,000
2003 3,629,603,000 2,612,455,000 71.98 2004 4,214,297,000 3,221,561,000 76.44 2005 4,341,402,000 2,907,504,000 66.97 2006 4,402,996,000 2,398,237,000 54.47 2007 4,366,098,000 2,374,296,000 54.38 Total 20,954,396,000 13,514,053,000 64.49 2007 Net Premiums Written: 4,279,107,000 2007 Direct Written Premiums: 4,652,885,000
BOILER & MACHINERY
BY
54.16 41.24 31.53 25.18 25.03 35.40
CLASSES
2003 30,667,000 25,246,000 82.32 2004 4,266,000 4,770,000 111.81 2005 33,571,000 17,385,000 51.79 2006 27,974,000 14,788,000 52.86 2007 27,223,000 16,713,000 61.39 Total 123,701,000 78,902,000 63.78 2007 Net Premiums Written: 26,062,000 2007 Direct Written Premiums: 50,171,000
2003 211,857,000 91,120,000 2004 222,902,000 84,196,000 2005 247,929,000 122,219,000 2006 245,170,000 168,963,000 2007 241,349,000 114,188,000 Total 1,169,207,000 580,686,000 2007 Net Premiums Written: 248,708,000 2007 Direct Written Premiums: 288,629,000
2003 287,617,000 155,778,000 2004 296,257,000 122,166,000 2005 281,173,000 88,642,000 2006 294,518,000 74,147,000 2007 291,383,000 72,938,000 Total 1,450,948,000 513,671,000 2007 Net Premiums Written: 300,820,000 2007 Direct Written Premiums: 346,381,000
MARINE
CREDIT
64
0.00 0.00 0.00 0.00 0.00 0.00
OTHER APPROVED PRODUCTS 2003 22,000 0 0.00 2004 16,000 –4,000 –25.00 2005 2,550,000 1,000 0.04 2006 0 0 0.00 2007 2,197,000 1,108,000 50.43 Total 4,785,000 1,105,000 23.09 2007 Net Premiums Written: 2,844,000 2007 Direct Written Premiums: 2,629,000
SURETY
26.05 8.67 –4.15 2.86 4.44 4.29
2003 6,954,780,000 5,770,482,000 2004 5,514,637,000 3,864,826,000 2005 564,575,000 230,885,000 2006 540,453,000 169,962,000 2007 572,591,000 217,272,000 Total 14,147,036,000 10,253,427,000 2007 Net Premiums Written: 596,137,000 2007 Direct Written Premiums: 691,729,000
82.97 70.08 40.90 31.45 37.95 72.48
2003 254,105,000 95,632,000 2004 255,612,000 68,501,000 2005 262,678,000 65,215,000 2006 289,350,000 47,340,000 2007 351,960,000 64,731,000 Total 1,413,705,000 341,419,000 2007 Net Premiums Written: 386,706,000 2007 Direct Written Premiums: 442,426,000
67.29 40.22 31.96 50.35 37.36 45.22
2003 36,668,690,000 26,901,286,000 73.36 2004 38,867,375,000 24,892,724,000 64.05 2005 32,999,236,000 21,344,638,000 64.68 2006 32,929,516,000 19,800,881,000 60.13 2007 33,664,124,000 21,262,456,000 63.16 Total 175,128,941,000 114,201,985,000 65.21 2007 Net Premiums Written: 34,212,069,000 2007 Direct Written Premiums: 36,031,899,000
2003 912,000 276,000 2004 92,820,000 26,175,000 2005 103,046,000 20,972,000 2006 123,768,000 38,062,000 2007 148,067,000 37,833,000 Total 468,613,000 123,318,000 2007 Net Premiums Written: 148,065,000 2007 Direct Written Premiums: 148,066,000
ALL CLASSES COMBINED
FIDELITY 2003 121,207,000 81,564,000 2004 139,154,000 55,972,000 2005 127,301,000 40,687,000 2006 115,464,000 58,140,000 2007 112,416,000 42,003,000 Total 615,542,000 278,366,000 2007 Net Premiums Written: 110,174,000 2007 Direct Written Premiums: 120,059,000
0 0 0 0 0 0
43.01 37.77 49.30 68.92 47.31 49.66
ACCIDENT & SICKNESS
CREDIT PROTECTION 2003 6,327,000 1,648,000 2004 7,460,000 647,000 2005 8,888,000 –369,000 2006 72,113,000 2,066,000 2007 45,281,000 2,010,000 Total 140,069,000 6,002,000 2007 Net Premiums Written: 44,274,000 2007 Direct Written Premiums: 184,303,000
MORTGAGE 2003 33,000 2004 –33,000 2005 0 2006 0 2007 1,000 Total 1,000 2007 Net Premiums Written: 1,000 2007 Direct Written Premiums: 0
37.63 26.80 24.83 16.36 18.39 24.15
TITLE 30.26 28.20 20.35 30.75 25.55 26.32
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 65 FixAuto
5/9/08
9:32 AM
Page 65
GO WHERE THE TECHNOLOGY LEADS 4(% "/$9 3(/0 .%47/2+ s &)8!54/ #/-
66
Co-operators General......................... Economical Insurance Group .............
Wawanesa Mutual Insurance ............. AXA Canada-Group Of Companies ...
Lloyd’s Underwriters........................... Desjardins General.............................
Northbridge Financial ......................... Royal & Sun Alliance..........................
TD Meloche Monnex .......................... American Home Assurance................
State Farm Insurance Company ........ Zurich Canada....................................
The Dominion Of Canada................... Chubb Insurance Co of Canada.........
Ontario Mutual Insurance ................... FM Global...........................................
SGI Canada Group............................. Allstate Insurance of Canada .............
La Capitale Assurances ..................... St. Paul Fire & Marine ........................
Canadian Northern Shield .................. ACE INA Insurance ............................
Gore Mutual........................................ Allianz Global Risks US......................
Kingsway Financial............................. GCAN .................................................
Affiliated FM Insurance....................... Guarantee Co Of North America ........
BCAA Insurance Corporation ............. Portage La Prairie Mutual...................
Peace Hills General............................ RBC General ......................................
Optimum General ............................... CNA Canada Group ...........................
Liberty Mutual..................................... Alberta Motor Association ..................
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.
48,512,000 48,269,000
59,654,000 56,869,000
67,325,000 66,161,000
70,639,000 69,230,000
80,368,000 75,874,000
83,439,000 81,430,000
85,850,000 83,773,000
104,357,000 87,241,000
127,812,000 113,939,000
162,969,000 139,979,000
245,817,000 236,324,000
315,354,000 269,577,000
994,000 0
0 162,000
0 277,000
0 149,000
433,000 90,000
479,000 394,000
9,000 674,000
13,000 1,585,000
0 687,000
5,000 0
0 4,144,000
5,712,000 380,000
0 2,286,000
2,373,000 5,570,000
82,000 0
0 49,000
0 136,000
0 504,000
190,000 94,000
52,000 95,000
0 172,000
0 193,000
0 217,000
1,571,000 0
0 617,000
3,552,000 111,000
0 601,000
493,000 2,264,000
1,294,000 2,301,000
854,000 548,000
882,000 59,000
5,442,000 1,236,000
2,303,000 3,322,000
P.E.I. $
216,000 0
0 254,000
0 1,191,000
0 8,264,000
1,043,000 614,000
1,138,000 583,000
0 1,222,000
14,000 854,000
0 1,400,000
427,000 2,728,000
0 3,946,000
13,796,000 924,000
0 4,729,000
11,184,000 6,842,000
8,963,000 31,983,000
5,728,000 6,374,000
13,123,000 6,071,000
25,614,000 23,605,000
49,370,000 27,316,000
N.S. $
13,099,000 0
18,884,000 2,867,000
0 7,757,000
0 0
37,695,000 23,397,000
28,073,000 10,385,000
0 9,508,000
0 16,302,000
127,812,000 14,887,000
3,000 34,099,000
0 47,549,000
1,404,000 53,302,000
0 56,380,000
67,868,000 74,647,000
58,910,000 27,324,000
77,994,000 403,137,000
20,459,000 286,317,000
115,023,000 90,018,000
408,350,000 197,455,000
Quebec $
(Continued On Page 68)
1,381,000 0
0 1,052,000
0 1,934,000
0 2,536,000
504,000 439,000
909,000 976,000
5,000 4,270,000
102,000 1,598,000
0 656,000
696,000 5,051,000
0 8,005,000
5,956,000 1,402,000
12,414,000 4,956,000
6,341,000 8,595,000
6,280,000 12,789,000
7,542,000 2,709,000
17,049,000 10,900,000
22,270,000 14,809,000
18,921,000 22,100,000
N.B. $
13,141,000 82,000
8,429,000 9,925,000
0 46,441,000
0 6,135,000
26,159,000 47,145,000
30,483,000 24,874,000
48,497,000 36,668,000
426,000 29,496,000
0 22,841,000
7,367,000 80,969,000
245,817,000 71,786,000
185,136,000 134,931,000
301,198,000 116,936,000
204,054,000 108,948,000
183,688,000 173,310,000
99,011,000 61,066,000
98,332,000 96,943,000
270,549,000 299,077,000
471,217,000 421,946,000
Ontario $
2,592,000 7,430,000
3,853,000 5,066,000
7,720,000 315,000
0 36,168,000
2,487,000 1,332,000
1,008,000 2,110,000
14,000 1,754,000
160,000 4,108,000
0 6,072,000
10,823,000 0
0 6,536,000
627,000 2,942,000
0 8,594,000
1,618,000 14,024,000
10,694,000 5,517,000
13,572,000 4,325,000
73,212,000 2,644,000
35,277,000 5,125,000
44,446,000 40,622,000
Manitoba $
1,473,000 11,000
0 3,286,000
3,411,000 446,000
794,000 6,472,000
1,052,000 64,000
333,000 3,560,000
12,000 3,173,000
284,000 3,225,000
0 4,195,000
138,536,000 0
0 6,702,000
1,179,000 1,264,000
0 10,040,000
1,385,000 16,345,000
15,478,000 5,432,000
14,420,000 587,000
63,999,000 1,570,000
38,985,000 297,000
1,376,000 21,044,000
Sask. $
11,835,000 40,695,000
1,369,000 23,454,000
37,366,000 4,534,000
0 8,144,000
4,382,000 1,647,000
4,156,000 22,654,000
117,000 13,136,000
1,087,000 20,310,000
0 17,875,000
3,461,000 16,009,000
0 35,933,000
41,582,000 30,161,000
31,459,000 53,218,000
93,712,000 83,293,000
62,091,000 71,654,000
110,029,000 7,672,000
160,293,000 39,902,000
173,052,000 49,841,000
207,967,000 110,266,000
Alberta $
3,549,000 51,000
27,119,000 10,490,000
17,557,000 3,037,000
69,845,000 858,000
6,417,000 1,052,000
16,614,000 15,529,000
37,195,000 12,383,000
101,902,000 9,132,000
0 43,773,000
77,000 1,123,000
0 49,811,000
54,848,000 44,063,000
0 66,452,000
8,547,000 42,943,000
90,253,000 67,455,000
166,135,000 1,954,000
135,539,000 102,608,000
91,031,000 112,782,000
174,186,000 156,755,000
B.C. $
149,000 0
0 3,000
354,000 38,000
0 0
6,000 0
102,000 53,000
0 17,000
265,000 12,000
0 254,000
1,000 0
0 112,000
569,000 8,000
0 57,000
847,000 1,391,000
481,000 818,000
890,000 39,000
1,647,000 500,000
2,086,000 0
952,000 2,612,000
Yukon $
0 0
0 154,000
601,000 17,000
0 0
0 0
92,000 185,000
1,000 796,000
104,000 150,000
0 512,000
2,000 0
0 371,000
714,000 89,000
0 4,508,000
630,000 3,411,000
1,551,000 865,000
1,676,000 134,000
0 1,001,000
2,624,000 0
3,527,000 5,594,000
N.W.T. $
1,000 0
0 107,000
316,000 38,000
0 0
0 0
0 32,000
0 0
0 276,000
0 570,000
0 0
0 812,000
279,000 0
0 0
35,000 263,000
256,000 451,000
1,691,000 14,000
0 0
546,000 0
0 9,000
Nunavut $
9:33 AM
345,071,000 328,757,000
399,087,000 368,536,000
7,034,000 26,470,000
5,223,000 695,000
0 8,397,000
24,664,000 4,664,000
206,000 18,774,000
Nfld. $
5/9/08
446,973,000 426,369,000
504,765,000 489,254,000
584,535,000 556,912,000
807,163,000 601,454,000
ING Canada ....................................... 1,382,821,000 Aviva Canada Inc ............................... 1,027,815,000
Totals $
1. 2.
Company
(Excludes A&S and Reinsurance Companies)
By company – on a province by province basis
2007 DIRECT WRITTEN PROPERTY
p 66,68 Dir Writ Prop(DTP763R3).chp Page 66
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 67 DKC
5/9/08
9:38 AM
Page 67
Priority Response Superior Workmanship Written Warranty Faster Completion Times IICRC Standards The Result - A Satisfied Policyholder
Your one-call for national emergency response.
1 888 DKC-24HR 1 (888) 352-2447
Property Damage Emergency Response Line
DIATEE E M IM PONS RES
Head Office: 3190 Ridgeway Drive, Unit 10, Mississauga, ON L5L 5S8 – Tel: 1 (800) 461-6224 – Fax: (905) 820-0198 – www.dkc.ca
68
Canadian Direct Insurance................. Saskatchewan Mutual Insurance .......
Pembridge .......................................... London & Midland General.................
SecuriCAN.......................................... CAA Insurance (Ontario) ....................
Mutual Fire Insurance Co of BC ......... Motors Insurance Corporation............
American Bankers of Florida .............. XL Insurance ......................................
Mitsui Sumitomo................................. PEI Mutual Insurance .........................
Hartford Fire Insurance ...................... RBC Insurance ...................................
Echelon General................................. Tokio Marine & Nichido Fire ...............
Mennonite Mutual Fire........................ Ontario School Board .........................
Boiler Inspection & Insurance............. Pool Insurance ...................................
Kings Mutual Insurance...................... Old Republic Insurance of Cda ..........
Antigonish Farmers’ Mutual................ Sompo Japan Insurance ....................
Clare Mutual ....................................... Omega General..................................
Mearie Group ..................................... Legacy General ..................................
Daimler Chrysler Insurance................ Innovative Insurance ..........................
Commerce & Industry Insurance........
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.
93,000 55,000
1,140,000 748,000
2,028,000 1,217,000
3,773,000 2,409,000
5,305,000 4,080,000
9,052,000 6,683,000
9,603,000 9,600,000
10,425,000 10,290,000
11,229,000 11,193,000
11,839,000 11,547,000
14,933,000 13,829,000
16,916,000 16,035,000
21,111,000 18,910,000
22,641,000 22,178,000
24,502,000 23,837,000
27,264,000 25,813,000
0 0
0 25,000
0 9,000
0 0
0 11,000
65,000 0
0 0
20,000 0
2,000 138,000
19,000 0
153,000 53,000
0 0
74,000 0
0 397,000
0 0
0 236,000
0 0
123,899,000
L’Unique Assurances Generales........ Cumis General ...................................
45. 46.
30,674,000 29,861,000
0 153,000
0 0
TOTALS .................................................... 11,640,068,000
Le Groupe Estrie-Richelieu ................ North Waterloo Farmers Mutual .........
43. 44.
37,503,000 37,342,000
Nfld. $ 0 0
41,562,000
0
0 0
0 6,000
0 12,000
0 0
5,000 18,000
16,000 0
0 0
11,000 0
0 45,000
0 11,547,000
64,000 2,000
0 0
41,000 52,000
0 107,000
0 0
0 138,000
0 0
0 264,000
P.E.I. $ 0 0
281,540,000
–7,000
6,000 0
0 39,000
2,028,000 52,000
3,773,000 1,000
5,297,000 145,000
75,000 0
0 0
89,000 115,000
2,000 351,000
41,000 0
398,000 1,531,000
0 0
610,000 583,000
3,282,000 419,000
0 0
0 1,798,000
0 0
0 1,396,000
N.S. $ 0 0
211,936,000
9,000
2,000 0
0 31,000
0 69,000
0 2,000
3,000 161,000
395,000 0
0 0
102,000 5,000
43,000 193,000
11,000 0
349,000 23,000
0 0
171,000 380,000
2,486,000 347,000
0 0
0 885,000
0 0
0 1,122,000
N.B. $
2,485,059,000
–263,000
21,000 0
0 140,000
0 124,000
0 259,000
0 88,000
3,651,000 0
0 0
2,642,000 227,000
176,000 0
454,000 0
2,237,000 2,054,000
0 37,000
731,000 0
2,955,000 1,892,000
0 0
27,264,000 1,261,000
30,674,000 0
37,503,000 409,000
0 39,618,000
Quebec $ 0 0
4,138,486,000
34,000
44,000 1,000
1,140,000 264,000
0 293,000
0 1,411,000
0 2,508,000
3,424,000 142,000
0 9,600,000
2,619,000 5,613,000
1,974,000 5,443,000
3,713,000 0
6,604,000 4,778,000
0 5,538,000
11,483,000 17,895,000
13,060,000 10,398,000
0 0
0 11,393,000
0 29,861,000
0 6,230,000
Ontario $
421,747,000
2,000
6,000 0
0 37,000
0 112,000
0 1,000
0 21,000
298,000 559,000
0 0
408,000 43,000
1,346,000 490,000
80,000 0
623,000 250,000
0 0
592,000 0
0 1,487,000
0 3,311,000
0 3,015,000
0 0
0 4,096,000
42,183,000 0
Manitoba $
417,693,000
0
0 0
0 39,000
0 20,000
0 50,000
0 14,000
529,000 4,620,000
9,603,000 0
213,000 45,000
2,844,000 366,000
31,000 0
474,000 921,000
0 1,223,000
205,000 0
0 516,000
0 12,525,000
0 1,651,000
0 0
0 8,790,000
2,584,000 0
Sask. $ 0 0
0 0
–21,000
7,000 0
0 87,000
0 433,000
0 635,000
0 104,000
317,000 170,000
0 0
2,371,000 3,196,000
484,000 2,344,000
5,795,000 0
2,138,000 1,545,000
16,916,000 2,620,000
4,751,000 0
0 2,367,000
19,956,000 0
0 2,515,000
0 0
0 10,232,000
B.C. $
0
0 0
0 2,000
0 0
0 1,000
0 0
0 0
0 0
1,000 0
2,000 16,000
8,000 0
11,000 2,000
0 0
18,000 0
0 75,000
0 0
0 0
0 0
0 43,000
0 0
Yukon $
1,646,416,000 1,822,027,000 14,442,000
–4,000
7,000 54,000
0 73,000
0 89,000
0 49,000
0 1,010,000
282,000 1,190,000
0 0
1,948,000 1,036,000
4,355,000 1,780,000
1,687,000 0
1,843,000 2,666,000
0 6,617,000
2,423,000 0
858,000 4,022,000
4,546,000 8,001,000
0 2,921,000
0 0
0 4,607,000
Alberta $
29,550,000
0
0 0
0 4,000
0 0
0 0
0 0
0 0
0 0
1,000 10,000
1,000 27,000
0 0
37,000 3,000
0 0
7,000 0
0 151,000
0 0
0 0
0 0
0 0
0 0
N.W.T. $
5,711,000
0
0 0
0 1,000
0 4,000
0 0
0 0
0 2,000
0 0
0 0
0 0
0 0
2,000 1,000
0 0
5,000 0
0 0
0 0
0 0
0 0
0 0
0 0
Nunavut $
9:33 AM
1,000
SSQ, Societe d’assurances................ Grain Insurance & Guarantee ............
41. 42.
44,767,000 39,618,000
Totals $
(Excludes A&S and Reinsurance Companies)
By company – on a province by province basis
2007 DIRECT WRITTEN PROPERTY
5/9/08
–249,000
Red River Valley Mutual..................... Industrielle Alliance ............................
39. 40.
Company
(Continued From Page 66)
p 66,68 Dir Writ Prop(DTP763R3).chp Page 68
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 69 Chesterfield
5/9/08
9:39 AM
Page 69
At Chesterfield Canada Inc., a member of the Chesterfield Group, a Lloyd's accredited broker, we provide independent brokers a competitive advantage: Fast efficient service G Competitive commissions G Over $5,000,000 of “In House” binding authority G
SPECIALIZING IN: G
Non Standard Property G
G
Commercial Risks
G
Diplomatic Properties
Access to Lloyds for CGL, P.I., Technology
Supporting Your Growth and Success…
IN OTTAWA: Call Steve Kilrea or Tom Stanton Tel: (613) 237-3939 Fax: (613) 233-4334 WATS: 1-866-268-7334
IN TORONTO: Call Ken Adams Tel: 416-774-2477 Fax: 416-497-7581 WATS: 1-888-592-9125
www.chesterfieldcanada.com
We’re a young, friendly approachable team who welcome enquiries no matter how SMALL, LARGE or COMPLEX.
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R2
Underwriting Profit Producers - 2007 (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. 39. 40. 41. 42. 43. 44. 45. 46.
Lloyd’s Underwriters .......................................................... ING Canada ....................................................................... AXA Canada-Group Of Companies ................................... TD Meloche Monnex .......................................................... American Home Assurance ............................................... Chubb Insurance Co of Canada ........................................ Royal & Sun Alliance ......................................................... ACE INA Insurance ............................................................ Desjardins General ............................................................ FM Global .......................................................................... Northbridge Financial ......................................................... London & Midland General ................................................ Swiss Reinsurance Group ................................................. Allstate Insurance of Canada ............................................. Travelers Guarantee .......................................................... Everest Reinsurance.......................................................... Motors Insurance Corporation ........................................... St. Paul Fire & Marine ........................................................ Munich Re Canada Group ................................................. Kingsway Financial ............................................................ First Canadian Title ............................................................ Transatlantic Reinsurance ................................................. Co-operators General ........................................................ Commerce & Industry Insurance ....................................... RBC General...................................................................... Aviva Canada Inc ............................................................... La Capitale Assurances ..................................................... Guarantee Co Of North America........................................ GCAN................................................................................. CNA Canada Group ........................................................... XL Insurance ...................................................................... General Reinsurance ......................................................... XL Re America Inc - Cdn Branch ....................................... Affiliated FM Insurance ...................................................... Boiler Inspection & Insurance ............................................ RBC Insurance................................................................... Hannover Ruckversicherung AG ....................................... PartnerRe........................................................................... National Liability & Fire ...................................................... Zurich Canada ................................................................... Pafco .................................................................................. Legacy General.................................................................. Toa Reinsurance................................................................ Echelon General ................................................................ Odyssey Amercia Re ......................................................... Hartford Fire Insurance ......................................................
569,401,000 208,854,000 171,669,000 146,876,000 139,763,000 121,845,000 118,829,000 111,308,000 102,831,000 92,680,000 66,048,000 50,102,000 49,054,000 43,855,000 43,384,000 42,638,000 41,407,000 39,706,000 36,393,000 34,756,000 32,888,000 32,728,000 32,574,000 30,478,000 30,463,000 29,526,000 29,360,000 27,831,000 27,722,000 27,651,000 26,342,000 26,305,000 25,665,000 23,543,000 22,384,000 20,207,000 17,501,000 12,947,000 12,233,000 12,201,000 11,230,000 9,553,000 9,432,000 9,394,000 8,660,000 8,236,000
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. 78. 79. 80. 81. 82. 83. 84. 85. 86. 87. 88. 89. 90. 91.
Ontario Mutual Insurance................................................... Paris Re ............................................................................. Folksamerica Reinsurance ................................................ Canadian Direct Insurance ................................................ Gore Mutual ....................................................................... Industrielle Alliance ............................................................ L’Unique Assurances Generales ....................................... MAPFRE ............................................................................ Arch Insurance ................................................................... American Bankers of Florida.............................................. Allianz Global Risks US ..................................................... Pacific Coast Fishermen’s ................................................. Grain Insurance & Guarantee ............................................ Red River Valley Mutual .................................................... Euler Hermes American Credit .......................................... Economical Insurance Group............................................. Old Republic Insurance of Cda .......................................... Daimler Chrysler Insurance ............................................... Scor Reinsurance .............................................................. Optimum General............................................................... Peace Hills General ........................................................... Alberta Motor Association .................................................. Eagle Star Insurance ......................................................... Mearie Group ..................................................................... American Agricultural ......................................................... Western Surety .................................................................. Cumis General ................................................................... SecuriCAN ......................................................................... Saskatchewan Mutual Insurance ....................................... Ontario School Board......................................................... Sompo Japan Insurance .................................................... Caisse Centrale Re ............................................................ Centennial Insurance ......................................................... Sentry Insurance ................................................................ Scor Canada Reinsurance ................................................. Alea Europe Ltd. ................................................................ Mutual Fire Insurance Co of BC......................................... Nipponkoa Insurance ......................................................... Insurance Corp of New York .............................................. Virginia Surety.................................................................... AXA RE .............................................................................. Utica Mutual ....................................................................... British Aviation ................................................................... Everest Insurance Of Canada............................................ Portage La Prairie Mutual ..................................................
7,661,000 7,617,000 7,581,000 6,785,000 6,409,000 6,076,000 5,151,000 5,137,000 4,443,000 4,414,000 4,309,000 4,202,000 4,181,000 3,872,000 3,603,000 3,368,000 3,360,000 3,184,000 2,907,000 2,846,000 2,832,000 2,740,000 2,558,000 2,332,000 2,161,000 2,127,000 2,060,000 2,039,000 1,710,000 1,474,000 1,424,000 1,327,000 922,000 805,000 785,000 600,000 551,000 461,000 246,000 230,000 197,000 103,000 37,000 11,000 6,000
Underwriting Loss Producers - 2007 (Excluding A & S)
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
70
Terra Nova ......................................................................... Clare Mutual....................................................................... Pearl Assurance PLC......................................................... T.H.E. Insurance ................................................................ Hanover Insurance............................................................. ICAROM PLC..................................................................... Pool Insurance ................................................................... Innovative Insurance .......................................................... SSQ, Societe d’assurances ............................................... Antigonish Farmers’ Mutual ............................................... PEI Mutual Insurance......................................................... Canadian Northern Shield.................................................. Providence Washington ..................................................... Sorema North America Re ................................................. Mennonite Mutual Fire ....................................................... Lumbermens Mutual Casualty ........................................... Employers Insurance Of Wausau ...................................... North Waterloo Farmers Mutual......................................... SGI Canada Group ............................................................ Le Groupe Estrie-Richelieu ................................................
–11,000 –31,000 –61,000 –80,000 –84,000 –88,000 –119,000 –183,000 –219,000 –344,000 –368,000 –397,000 –401,000 –424,000 –437,000 –608,000 –609,000 –743,000 –778,000 –940,000
21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39.
Mitsui Sumitomo ................................................................ TIG Insurance .................................................................... CAA Insurance (Ontario).................................................... BCAA Insurance Corporation............................................. Kings Mutual Insurance ..................................................... Munich Re America............................................................ Omega General ................................................................. American Road Insurance ................................................. Liberty Mutual .................................................................... Trisura ................................................................................ Pembridge.......................................................................... Co-operative Hail ............................................................... Security Ins Co of Hartford................................................. Tokio Marine & Nichido Fire............................................... Lumbermen’s Underwiting ................................................. The Dominion Of Canada .................................................. Farm Mutual Reinsurance Plan ......................................... Wawanesa Mutual Insurance............................................. State Farm Insurance Company ........................................
–1,475,000 –1,584,000 –1,667,000 –1,759,000 –1,854,000 –1,955,000 –2,188,000 –2,358,000 –2,541,000 –2,614,000 –4,356,000 –5,932,000 –6,054,000 –9,507,000 –11,267,000 –15,725,000 –39,622,000 –45,006,000 –120,814,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 71 NICC
5/9/08
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Page 71
WHERE INDUSTRY LEADERS MEET
O c t o b e r 1 - 3 , 2 0 0 8 - H i l t o n L a c - L e a m y, G a t i n e a u - O t t a w a , Q u e b e c The NICC is Canada’s pre-eminent insurance conference attended by senior executives of insurers, brokers, reinsurers, risk managers, regulators and industry associations.
Sessions and speakers include:
• • • Together with our senior advisory committee of • • industry leaders, we are making the 2008 • conference an outstanding event. • In addition to the impressive agenda, • the NICC also offers you considerable opportunities to meet colleagues, network and • • strengthen your business relationships. • 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.
Gregg Hanson – Conference M.C. Don Drummond, Chief Economist, TD Bank Financial Group Julie Dickson, Superintendent, OSFI Andrew Coyne, National Editor, Maclean’s Claude Dussault in conversation with the supers of ON, QC and AB Global reins. CEO panel Patrick Thiele, Jean-Luc Gourgeon and Chris O'Kane Nic de Maesschalck, World Federation of Insurance Intermediaries IBC presentation on climate change challenges A legal debate between Richard Halpern and Alan D’Silva Risk manager issues – moderated by Susan Meltzer Actuarial auto panel – moderated by François Boulanger Robert McDowell and Philipe Sarrazin on part XIII of the ICA Commercial lines panel – moderated by Robert Landry Insuring to Value - moderated by Kevin McNeil
Register online at www.niccanada.com or contact Laura Viau at laura.viau@msaresearch.com. PLATINUM SPONSORS
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NICC sessions are accredited by RIBO. Please visit www.niccanada.com for details
p 72-77 TOP 30(DTPDWPBD).chp
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Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2007 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.
Royal & Sun Alliance ................................. Aviva Canada Inc....................................... Co-operators General ................................ AXA Canada-Group Of Companies .......... The Dominion Of Canada .......................... Northbridge Financial................................. Economical Insurance Group .................... American Home Assurance....................... Lloyd’s Underwriters .................................. TD Meloche Monnex.................................. Zurich Canada............................................ FM Global................................................... American Bankers of Florida ..................... ACE INA Insurance.................................... Desjardins General .................................... London & Midland General ........................ Liberty Mutual............................................. St. Paul Fire & Marine................................ First Canadian Title.................................... Kingsway Financial .................................... Chubb Insurance Co of Canada ................ Allianz Global Risks US ............................. Travelers Guarantee .................................. RBC Insurance........................................... CNA Canada Group................................... RBC General.............................................. Commerce & Industry Insurance ............... Guarantee Co Of North America ............... ING Canada ............................................... National Liability & Fire ..............................
99,931,000 77,023,000 66,928,000 41,747,000 30,491,000 23,921,000 19,864,000 12,139,000 11,814,000 7,832,000 6,443,000 5,065,000 3,607,000 3,471,000 2,875,000 2,716,000 2,270,000 2,086,000 1,924,000 1,768,000 1,682,000 1,573,000 1,509,000 1,394,000 1,368,000 1,257,000 1,215,000 1,200,000 1,165,000 1,074,000
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.
Co-operators General ................................ Aviva Canada Inc....................................... The Dominion Of Canada .......................... PEI Mutual Insurance................................. Royal & Sun Alliance ................................. SGI Canada Group .................................... ING Canada ............................................... Wawanesa Mutual Insurance .................... Northbridge Financial................................. Desjardins General .................................... TD Meloche Monnex.................................. American Home Assurance....................... Economical Insurance Group .................... RBC General.............................................. Portage La Prairie Mutual .......................... Lloyd’s Underwriters .................................. Zurich Canada............................................ American Bankers of Florida ..................... CAA Insurance (Ontario)............................ ACE INA Insurance.................................... St. Paul Fire & Marine................................ RBC Insurance........................................... FM Global................................................... Liberty Mutual............................................. London & Midland General ........................ Cumis General ........................................... First Canadian Title.................................... CNA Canada Group................................... Chubb Insurance Co of Canada ................ Grain Insurance & Guarantee....................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
ING Canada ............................................... 138,944,000 Royal & Sun Alliance ................................. 108,801,000 Aviva Canada Inc....................................... 98,228,000 Economical Insurance Group .................... 66,877,000 Co-operators General ................................ 60,073,000 Wawanesa Mutual Insurance .................... 53,057,000 TD Meloche Monnex.................................. 48,757,000 The Dominion Of Canada .......................... 46,998,000 Portage La Prairie Mutual .......................... 32,776,000 Northbridge Financial................................. 31,515,000 Desjardins General .................................... 28,561,000
Prince Edward Island 17,926,000 14,704,000 14,179,000 13,179,000 8,811,000 8,734,000 8,678,000 5,516,000 5,050,000 4,927,000 4,083,000 3,753,000 3,513,000 3,298,000 2,956,000 2,428,000 1,357,000 1,079,000 814,000 759,000 748,000 724,000 678,000 638,000 568,000 470,000 453,000 428,000 403,000 394,000
Nova Scotia
72
12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
American Home Assurance....................... AXA Canada-Group Of Companies .......... Pembridge.................................................. Lloyd’s Underwriters .................................. Zurich Canada............................................ Allstate Insurance of Canada..................... RBC General.............................................. American Bankers of Florida ..................... Kings Mutual Insurance ............................. ACE INA Insurance.................................... Cumis General ........................................... FM Global................................................... Guarantee Co Of North America ............... CAA Insurance (Ontario)............................ St. Paul Fire & Marine................................ Antigonish Farmers’ Mutual ....................... Chubb Insurance Co of Canada ................ RBC Insurance........................................... XL Insurance ..............................................
18,708,000 15,368,000 14,970,000 14,781,000 12,901,000 10,159,000 8,022,000 7,835,000 6,020,000 6,003,000 5,602,000 4,885,000 4,506,000 4,419,000 4,343,000 4,337,000 4,316,000 3,766,000 3,608,000
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 ................................ Economical Insurance Group .................... ING Canada ............................................... AXA Canada-Group Of Companies .......... Royal & Sun Alliance ................................. State Farm Insurance Company................ TD Meloche Monnex.................................. Northbridge Financial................................. Allstate Insurance of Canada..................... The Dominion Of Canada .......................... American Home Assurance....................... Zurich Canada............................................ Lloyd’s Underwriters .................................. Desjardins General .................................... FM Global................................................... Pembridge.................................................. ACE INA Insurance.................................... RBC General.............................................. Portage La Prairie Mutual .......................... Kingsway Financial .................................... American Bankers of Florida ..................... Allianz Global Risks US ............................. St. Paul Fire & Marine................................ Guarantee Co Of North America ............... Chubb Insurance Co of Canada ................ London & Midland General ........................ CAA Insurance (Ontario)............................ Commerce & Industry 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.
ING Canada ...............................................1,041,003,000 Desjardins General .................................... 920,259,000 AXA Canada-Group Of Companies .......... 761,674,000 Aviva Canada Inc....................................... 477,951,000 La Capitale Assurances............................. 376,645,000 Co-operators General ................................ 273,047,000 Lloyd’s Underwriters .................................. 231,443,000 Northbridge Financial................................. 201,459,000 Economical Insurance Group .................... 181,823,000 TD Meloche Monnex.................................. 179,615,000 American Home Assurance....................... 158,471,000 Zurich Canada............................................ 147,738,000 Kingsway Financial .................................... 128,764,000 Chubb Insurance Co of Canada ................ 127,982,000 Industrielle Alliance .................................... 121,160,000 SSQ, Societe d’assurances ....................... 120,773,000 Allstate Insurance of Canada..................... 94,616,000 L’Unique Assurances Generales ............... 81,013,000 Wawanesa Mutual Insurance .................... 76,677,000 Royal & Sun Alliance ................................. 75,935,000 FM Global................................................... 60,278,000 Commerce & Industry Insurance ............... 48,503,000 American Bankers of Florida ..................... 47,552,000 ACE INA Insurance.................................... 47,335,000 RBC Insurance........................................... 44,835,000
New Brunswick 83,935,000 76,679,000 61,078,000 56,735,000 47,978,000 47,884,000 44,606,000 41,887,000 32,602,000 28,094,000 24,191,000 22,726,000 19,446,000 17,819,000 15,727,000 13,916,000 10,927,000 10,107,000 9,878,000 9,075,000 7,813,000 7,050,000 5,663,000 5,327,000 4,572,000 3,861,000 3,674,000 3,150,000 3,147,000 3,112,000
Quebec
26. 27. 28. 29. 30.
Guarantee Co Of North America ............... Affiliated FM Insurance .............................. CNA Canada Group................................... St. Paul Fire & Marine................................ Le Groupe Estrie-Richelieu........................
42,198,000 40,943,000 39,924,000 39,219,000 36,921,000
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.
ING Canada ...............................................1,757,941,000 Aviva Canada Inc.......................................1,757,426,000 State Farm Insurance Company................1,354,815,000 Economical Insurance Group ....................1,180,798,000 TD Meloche Monnex..................................1,144,797,000 Co-operators General ................................ 897,109,000 Royal & Sun Alliance ................................. 775,931,000 Northbridge Financial................................. 773,385,000 The Dominion Of Canada .......................... 705,079,000 Ontario Mutual Insurance........................... 475,966,000 Wawanesa Mutual Insurance .................... 431,929,000 Zurich Canada............................................ 421,338,000 Desjardins General .................................... 409,311,000 Kingsway Financial .................................... 386,239,000 Lloyd’s Underwriters .................................. 380,205,000 American Home Assurance....................... 333,634,000 Chubb Insurance Co of Canada ................ 331,496,000 AXA Canada-Group Of Companies .......... 331,132,000 Allstate Insurance of Canada..................... 329,634,000 RBC General.............................................. 276,698,000 Guarantee Co Of North America ............... 199,599,000 Motors Insurance Corporation ................... 182,939,000 Gore Mutual ............................................... 154,872,000 ACE INA Insurance.................................... 145,403,000 American Bankers of Florida ..................... 130,018,000 Echelon General ........................................ 116,928,000 CAA Insurance (Ontario)............................ 107,161,000 RBC Insurance........................................... 98,561,000 CNA Canada Group................................... 95,060,000 St. Paul Fire & Marine................................ 86,961,000
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....................................... ING Canada ............................................... Red River Valley Mutual ............................ Co-operators General ................................ Portage La Prairie Mutual .......................... Lloyd’s Underwriters .................................. American Home Assurance....................... Northbridge Financial................................. Zurich Canada............................................ SGI Canada Group .................................... CNA Canada Group................................... Royal & Sun Alliance ................................. ACE INA Insurance.................................... St. Paul Fire & Marine................................ AXA Canada-Group Of Companies .......... Chubb Insurance Co of Canada ................ RBC Insurance........................................... American Bankers of Florida ..................... Peace Hills General ................................... FM Global................................................... Alberta Motor Association.......................... Economical Insurance Group .................... Co-operative Hail ....................................... First Canadian Title.................................... Travelers Guarantee .................................. Grain Insurance & Guarantee.................... GCAN......................................................... Optimum General....................................... Allianz Global Risks US .............................
Ontario
Manitoba 76,161,000 55,961,000 54,596,000 44,897,000 41,003,000 37,859,000 29,342,000 27,958,000 22,204,000 13,977,000 12,627,000 11,777,000 11,765,000 10,706,000 10,194,000 9,945,000 9,895,000 9,117,000 8,604,000 7,720,000 7,659,000 7,430,000 6,412,000 6,117,000 5,862,000 5,847,000 5,599,000 5,345,000 5,099,000 5,084,000
Saskatchewan 1. 2. 3. 4. 5. 6.
SGI Canada Group .................................... 281,719,000 Wawanesa Mutual Insurance .................... 66,966,000 Co-operators General ................................ 52,837,000 Aviva Canada Inc....................................... 35,599,000 Northbridge Financial................................. 31,551,000 Lloyd’s Underwriters .................................. 29,626,000
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Leading Companies In The Provinces Direct Written Premiums – TOTAL BUSINESS – 2007 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 ....................................... American Home Assurance....................... Saskatchewan Mutual Insurance............... Zurich Canada............................................ Grain Insurance & Guarantee.................... Mennonite Mutual Fire ............................... ACE INA Insurance.................................... Royal & Sun Alliance ................................. St. Paul Fire & Marine................................ Portage La Prairie Mutual .......................... FM Global................................................... American Bankers of Florida ..................... CNA Canada Group................................... Chubb Insurance Co of Canada ................ RBC Insurance........................................... Allianz Global Risks US ............................. First Canadian Title.................................... GCAN......................................................... AXA Canada-Group Of Companies .......... Travelers Guarantee .................................. Pool Insurance ........................................... Hartford Fire Insurance .............................. Peace Hills General ................................... Cumis General ...........................................
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.
ING Canada ............................................... Wawanesa Mutual Insurance .................... Co-operators General ................................ TD Meloche Monnex.................................. Aviva Canada Inc....................................... Royal & Sun Alliance ................................. Lloyd’s Underwriters .................................. Alberta Motor Association.......................... Northbridge Financial................................. Economical Insurance Group .................... AXA Canada-Group Of Companies .......... Zurich Canada............................................ American Home Assurance....................... The Dominion Of Canada .......................... State Farm Insurance Company................ Peace Hills General ................................... Chubb Insurance Co of Canada ................ Allstate Insurance of Canada..................... ACE INA Insurance.................................... St. Paul Fire & Marine................................ Kingsway Financial .................................... GCAN......................................................... CNA Canada Group................................... FM Global................................................... Canadian Direct Insurance ........................ Desjardins General .................................... Liberty Mutual............................................. American Bankers of Florida ..................... First Canadian Title.................................... Allianz Global Risks US .............................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
Lloyd’s Underwriters .................................. ING Canada ............................................... Aviva Canada Inc....................................... Economical Insurance Group .................... AXA Canada-Group Of Companies .......... Canadian Northern Shield ......................... Northbridge Financial................................. Wawanesa Mutual Insurance .................... Co-operators General ................................ Royal & Sun Alliance ................................. Zurich Canada............................................ American Home Assurance....................... Chubb Insurance Co of Canada ................ American Bankers of Florida ..................... BCAA Insurance Corporation .................... St. Paul Fire & Marine................................ The Dominion Of Canada .......................... Canadian Direct Insurance ........................ FM Global................................................... Travelers Guarantee ..................................
28,963,000 28,898,000 19,550,000 16,070,000 11,066,000 10,715,000 9,877,000 9,255,000 9,037,000 7,919,000 7,914,000 7,421,000 6,151,000 5,570,000 5,546,000 5,417,000 5,365,000 4,834,000 4,728,000 4,693,000 4,620,000 3,474,000 3,411,000 3,115,000
Alberta 799,140,000 557,804,000 474,431,000 425,638,000 343,007,000 313,958,000 249,812,000 205,847,000 195,644,000 179,904,000 175,295,000 172,588,000 157,563,000 144,870,000 133,946,000 99,482,000 80,024,000 73,720,000 64,795,000 56,703,000 49,462,000 48,266,000 48,251,000 45,006,000 41,226,000 40,853,000 39,018,000 35,849,000 34,653,000 32,444,000
British Columbia 316,546,000 234,739,000 201,245,000 192,667,000 190,866,000 152,764,000 152,344,000 142,366,000 130,505,000 113,118,000 111,867,000 94,089,000 83,024,000 81,975,000 73,820,000 68,302,000 65,520,000 63,603,000 60,119,000 54,317,000
21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
CNA Canada Group................................... Gore Mutual ............................................... RBC Insurance........................................... GCAN......................................................... Optimum General....................................... Kingsway Financial .................................... Allianz Global Risks US ............................. ACE INA Insurance.................................... Mutual Fire Insurance Co of BC ................ Peace Hills General ...................................
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 .................... Co-operators General ................................ Aviva Canada Inc....................................... ING Canada ............................................... TD Meloche Monnex.................................. Lloyd’s Underwriters .................................. Royal & Sun Alliance ................................. American Home Assurance....................... The Dominion Of Canada .......................... AXA Canada-Group Of Companies .......... Allianz Global Risks US ............................. St. Paul Fire & Marine................................ Northbridge Financial................................. Zurich Canada............................................ Peace Hills General ................................... ACE INA Insurance.................................... American Bankers of Florida ..................... Desjardins General .................................... Kingsway Financial .................................... Canadian Northern Shield ......................... National Liability & Fire .............................. Liberty Mutual............................................. GCAN......................................................... Economical Insurance Group .................... London & Midland General ........................ RBC General.............................................. State Farm Insurance Company................ FM Global................................................... CNA Canada Group................................... RBC 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.
Aviva Canada Inc....................................... ING Canada ............................................... American Home Assurance....................... Co-operators General ................................ Zurich Canada............................................ Lloyd’s Underwriters .................................. Royal & Sun Alliance ................................. Northbridge Financial................................. TD Meloche Monnex.................................. AXA Canada-Group Of Companies .......... Allianz Global Risks US ............................. The Dominion Of Canada .......................... St. Paul Fire & Marine................................ Peace Hills General ................................... Desjardins General .................................... ACE INA Insurance.................................... National Liability & Fire .............................. GCAN......................................................... Wawanesa Mutual Insurance .................... American Bankers of Florida ..................... State Farm Insurance Company................ Economical Insurance Group .................... CNA Canada Group................................... FM Global................................................... Chubb Insurance Co of Canada ................ Travelers Guarantee .................................. London & Midland General ........................ Guarantee Co Of North America ............... Kingsway Financial .................................... RBC General..............................................
43,614,000 43,000,000 37,687,000 32,623,000 31,607,000 26,340,000 25,801,000 24,412,000 18,800,000 17,557,000
Yukon Territory 5,291,000 5,269,000 4,894,000 4,333,000 4,000,000 3,812,000 2,772,000 2,415,000 1,799,000 1,400,000 1,339,000 1,195,000 1,162,000 890,000 807,000 615,000 468,000 404,000 373,000 371,000 342,000 307,000 227,000 207,000 198,000 193,000 168,000 138,000 130,000 122,000
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 .................................. St. Paul Fire & Marine................................ Royal & Sun Alliance ................................. FM Global................................................... Co-operators General ................................ AXA Canada-Group Of Companies .......... Northbridge Financial................................. The Dominion Of Canada .......................... American Home Assurance....................... Peace Hills General ................................... ACE INA Insurance.................................... CNA Canada Group................................... Aviva Canada Inc....................................... Travelers Guarantee .................................. TD Meloche Monnex.................................. National Liability & Fire .............................. American Bankers of Florida ..................... ING Canada ............................................... RBC General.............................................. First Canadian Title.................................... Wawanesa Mutual Insurance .................... Desjardins General .................................... Boiler Inspection & Insurance .................... Economical Insurance Group .................... State Farm Insurance Company................ GCAN......................................................... Legacy General.......................................... Kingsway Financial .................................... Commerce & Industry Insurance ............... Mitsui Sumitomo.........................................
2,736,000 1,774,000 1,382,000 999,000 760,000 604,000 521,000 461,000 440,000 389,000 323,000 197,000 184,000 168,000 153,000 105,000 103,000 92,000 85,000 65,000 60,000 58,000 50,000 46,000 43,000 32,000 26,000 18,000 17,000 16,000
Notes:
Northwest Territories
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
12,302,000 8,811,000 6,428,000 5,883,000 5,720,000 3,635,000 3,305,000 3,181,000 2,924,000 2,807,000 1,667,000 1,594,000 1,292,000 1,182,000 1,043,000 949,000 761,000 607,000 601,000 542,000 489,000 489,000 441,000 417,000 381,000 361,000 309,000 297,000 277,000 201,000 73
DT
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Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2007 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.
Royal & Sun Alliance ................................. Co-operators General ................................ Aviva Canada Inc....................................... AXA Canada-Group Of Companies .......... Northbridge Financial................................. The Dominion Of Canada .......................... American Home Assurance....................... Lloyd’s Underwriters .................................. Economical Insurance Group .................... FM Global................................................... TD Meloche Monnex.................................. Zurich Canada............................................ ACE INA Insurance.................................... Liberty Mutual............................................. Desjardins General .................................... St. Paul Fire & Marine................................ Allianz Global Risks US ............................. Kingsway Financial .................................... Affiliated FM Insurance .............................. London & Midland General ........................ GCAN......................................................... Chubb Insurance Co of Canada ................ RBC General.............................................. Cumis General ........................................... ING Canada ............................................... CNA Canada Group................................... Grain Insurance & Guarantee.................... American Bankers of Florida ..................... Portage La Prairie Mutual .......................... RBC 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.
PEI Mutual Insurance................................. Co-operators General ................................ The Dominion Of Canada .......................... Aviva Canada Inc....................................... ING Canada ............................................... Royal & Sun Alliance ................................. American Home Assurance....................... SGI Canada Group .................................... Northbridge Financial................................. Economical Insurance Group .................... Wawanesa Mutual Insurance .................... Lloyd’s Underwriters .................................. FM Global................................................... Zurich Canada............................................ Desjardins General .................................... Portage La Prairie Mutual .......................... TD Meloche Monnex.................................. Grain Insurance & Guarantee.................... St. Paul Fire & Marine................................ ACE INA Insurance.................................... Affiliated FM Insurance .............................. Allianz Global Risks US ............................. Cumis General ........................................... RBC General.............................................. Chubb Insurance Co of Canada ................ London & Midland General ........................ GCAN......................................................... Guarantee Co Of North America ............... Liberty Mutual............................................. American Bankers of Florida .....................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
ING Canada ............................................... Royal & Sun Alliance ................................. Aviva Canada Inc....................................... Co-operators General ................................ Economical Insurance Group .................... The Dominion Of Canada .......................... Wawanesa Mutual Insurance .................... TD Meloche Monnex.................................. Northbridge Financial................................. Portage La Prairie Mutual .......................... American Home Assurance.......................
26,470,000 24,664,000 18,774,000 8,397,000 7,034,000 5,712,000 5,570,000 5,223,000 4,664,000 4,144,000 2,373,000 2,286,000 1,585,000 994,000 695,000 687,000 674,000 479,000 433,000 397,000 394,000 380,000 277,000 236,000 206,000 162,000 153,000 153,000 149,000 138,000
Prince Edward Island 11,547,000 5,442,000 3,552,000 3,322,000 2,303,000 2,301,000 2,264,000 1,571,000 1,294,000 1,236,000 882,000 854,000 617,000 601,000 548,000 504,000 493,000 264,000 217,000 193,000 190,000 172,000 138,000 136,000 111,000 107,000 95,000 94,000 82,000 64,000
Nova Scotia
74
49,370,000 31,983,000 27,316,000 25,614,000 23,605,000 13,796,000 13,123,000 11,184,000 8,963,000 8,264,000 6,842,000
12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Desjardins General .................................... AXA Canada-Group Of Companies .......... Lloyd’s Underwriters .................................. Kings Mutual Insurance ............................. Zurich Canada............................................ FM Global................................................... Antigonish Farmers’ Mutual ....................... Pembridge.................................................. Allstate Insurance of Canada..................... Clare Mutual............................................... Cumis General ........................................... XL Insurance .............................................. St. Paul Fire & Marine................................ Grain Insurance & Guarantee.................... Allianz Global Risks US ............................. RBC General.............................................. Kingsway Financial .................................... Affiliated FM Insurance .............................. Chubb Insurance Co 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. 25. 26. 27. 28. 29. 30.
Co-operators General ................................ Aviva Canada Inc....................................... ING Canada ............................................... Wawanesa Mutual Insurance .................... Economical Insurance Group .................... Royal & Sun Alliance ................................. State Farm Insurance Company................ AXA Canada-Group Of Companies .......... American Home Assurance....................... FM Global................................................... Lloyd’s Underwriters .................................. TD Meloche Monnex.................................. Northbridge Financial................................. The Dominion Of Canada .......................... Allstate Insurance of Canada..................... Zurich Canada............................................ Allianz Global Risks US ............................. Desjardins General .................................... Portage La Prairie Mutual .......................... Pembridge.................................................. RBC General.............................................. ACE INA Insurance.................................... Chubb Insurance Co of Canada ................ Liberty Mutual............................................. Grain Insurance & Guarantee.................... CNA Canada Group................................... GCAN......................................................... Kingsway Financial .................................... Cumis General ........................................... SGI Canada Group ....................................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24.
ING Canada ............................................... Desjardins General .................................... AXA Canada-Group Of Companies .......... Aviva Canada Inc....................................... La Capitale Assurances............................. Co-operators General ................................ Economical Insurance Group .................... Lloyd’s Underwriters .................................. American Home Assurance....................... TD Meloche Monnex.................................. Northbridge Financial................................. Zurich Canada............................................ Chubb Insurance Co of Canada ................ FM Global................................................... Industrielle Alliance .................................... Affiliated FM Insurance .............................. SSQ, Societe d’assurances ....................... Allstate Insurance of Canada..................... Le Groupe Estrie-Richelieu........................ Kingsway Financial .................................... Royal & Sun Alliance ................................. L’Unique Assurances Generales ............... Guarantee Co Of North America ............... Wawanesa Mutual Insurance ....................
6,374,000 6,071,000 5,728,000 5,297,000 4,729,000 3,946,000 3,773,000 3,282,000 2,728,000 2,028,000 1,798,000 1,531,000 1,400,000 1,396,000 1,222,000 1,191,000 1,138,000 1,043,000 924,000
New Brunswick 22,270,000 22,100,000 18,921,000 17,049,000 14,809,000 12,789,000 12,414,000 10,900,000 8,595,000 8,005,000 7,542,000 6,341,000 6,280,000 5,956,000 5,051,000 4,956,000 4,270,000 2,709,000 2,536,000 2,486,000 1,934,000 1,598,000 1,402,000 1,381,000 1,122,000 1,052,000 976,000 909,000 885,000 696,000
Quebec 408,350,000 403,137,000 286,317,000 197,455,000 127,812,000 115,023,000 90,018,000 77,994,000 74,647,000 67,868,000 58,910,000 56,380,000 53,302,000 47,549,000 39,618,000 37,695,000 37,503,000 34,099,000 30,674,000 28,073,000 27,324,000 27,264,000 23,397,000 20,459,000
25. 26. 27. 28. 29. 30.
Optimum General....................................... ACE INA Insurance.................................... St. Paul Fire & Marine................................ Liberty Mutual............................................. GCAN......................................................... 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.
ING Canada ............................................... Aviva Canada Inc....................................... State Farm Insurance Company................ Economical Insurance Group .................... Co-operators General ................................ Ontario Mutual Insurance........................... TD Meloche Monnex.................................. The Dominion Of Canada .......................... Northbridge Financial................................. Royal & Sun Alliance ................................. Chubb Insurance Co of Canada ................ Zurich Canada............................................ American Home Assurance....................... Lloyd’s Underwriters .................................. Wawanesa Mutual Insurance .................... AXA Canada-Group Of Companies .......... Allstate Insurance of Canada..................... FM Global................................................... Desjardins General .................................... Gore Mutual ............................................... Guarantee Co Of North America ............... RBC General.............................................. Allianz Global Risks US ............................. Kingsway Financial .................................... North Waterloo Farmers Mutual ................ ACE INA Insurance.................................... Affiliated FM Insurance .............................. GCAN......................................................... St. Paul Fire & Marine................................ CAA Insurance (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 .................... ING Canada ............................................... Red River Valley Mutual ............................ Aviva Canada Inc....................................... Portage La Prairie Mutual .......................... Co-operators General ................................ American Home Assurance....................... Lloyd’s Underwriters .................................. SGI Canada Group .................................... Northbridge Financial................................. Zurich Canada............................................ Peace Hills General ................................... Alberta Motor Association.......................... FM Global................................................... St. Paul Fire & Marine................................ Royal & Sun Alliance ................................. Economical Insurance Group .................... CNA Canada Group................................... Desjardins General .................................... ACE INA Insurance.................................... Grain Insurance & Guarantee.................... Optimum General....................................... Saskatchewan Mutual Insurance............... Cumis General ........................................... Chubb Insurance Co of Canada ................ AXA Canada-Group Of Companies .......... Liberty Mutual............................................. Affiliated FM Insurance .............................. GCAN......................................................... Allianz Global Risks US .............................
18,884,000 16,302,000 14,887,000 13,099,000 10,385,000 9,508,000
Ontario 471,217,000 421,946,000 301,198,000 299,077,000 270,549,000 245,817,000 204,054,000 185,136,000 183,688,000 173,310,000 134,931,000 116,936,000 108,948,000 99,011,000 98,332,000 96,943,000 80,969,000 71,786,000 61,066,000 48,497,000 47,145,000 46,441,000 36,668,000 30,483,000 29,861,000 29,496,000 26,159,000 24,874,000 22,841,000 17,895,000
Manitoba 73,212,000 44,446,000 42,183,000 40,622,000 36,168,000 35,277,000 14,024,000 13,572,000 10,823,000 10,694,000 8,594,000 7,720,000 7,430,000 6,536,000 6,072,000 5,517,000 5,125,000 5,066,000 4,325,000 4,108,000 4,096,000 3,853,000 3,311,000 3,015,000 2,942,000 2,644,000 2,592,000 2,487,000 2,110,000 1,754,000
Saskatchewan 1. 2. 3. 4. 5.
SGI Canada Group .................................... 138,536,000 Wawanesa Mutual Insurance .................... 63,999,000 Co-operators General ................................ 38,985,000 Aviva Canada Inc....................................... 21,044,000 American Home Assurance....................... 16,345,000
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Leading Companies In The Provinces Direct Written Premiums – PROPERTY – 2007 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................................. Lloyd’s Underwriters .................................. Saskatchewan Mutual Insurance............... Zurich Canada............................................ Mennonite Mutual Fire ............................... Grain Insurance & Guarantee.................... FM Global................................................... Portage La Prairie Mutual .......................... Royal & Sun Alliance ................................. Pool Insurance ........................................... St. Paul Fire & Marine................................ GCAN......................................................... Peace Hills General ................................... CNA Canada Group................................... ACE INA Insurance.................................... Allianz Global Risks US ............................. Hartford Fire Insurance .............................. Red River Valley Mutual ............................ Cumis General ........................................... AXA Canada-Group Of Companies .......... Liberty Mutual............................................. TD Meloche Monnex.................................. ING Canada ............................................... Chubb Insurance Co of Canada ................ 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.
ING Canada ............................................... Co-operators General ................................ Wawanesa Mutual Insurance .................... Aviva Canada Inc....................................... Lloyd’s Underwriters .................................. TD Meloche Monnex.................................. American Home Assurance....................... Royal & Sun Alliance ................................. Northbridge Financial................................. Zurich Canada............................................ Economical Insurance Group .................... The Dominion Of Canada .......................... Alberta Motor Association.......................... AXA Canada-Group Of Companies .......... Peace Hills General ................................... FM Global................................................... State Farm Insurance Company................ Chubb Insurance Co of Canada ................ CNA Canada Group................................... GCAN......................................................... ACE INA Insurance.................................... St. Paul Fire & Marine................................ Allstate Insurance of Canada..................... Allianz Global Risks US ............................. Liberty Mutual............................................. Portage La Prairie Mutual .......................... Saskatchewan Mutual Insurance............... Desjardins General .................................... Motors Insurance Corporation ................... Grain Insurance & Guarantee....................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18.
ING Canada ............................................... Lloyd’s Underwriters .................................. Aviva Canada Inc....................................... Wawanesa Mutual Insurance .................... Economical Insurance Group .................... AXA Canada-Group Of Companies .......... Canadian Northern Shield ......................... Co-operators General ................................ Northbridge Financial................................. BCAA Insurance Corporation .................... Royal & Sun Alliance ................................. Zurich Canada............................................ The Dominion Of Canada .......................... FM Global................................................... Chubb Insurance Co of Canada ................ St. Paul Fire & Marine................................ American Home Assurance....................... Gore Mutual ...............................................
15,478,000 14,420,000 12,525,000 10,040,000 9,603,000 8,790,000 6,702,000 6,472,000 5,432,000 4,620,000 4,195,000 3,560,000 3,411,000 3,286,000 3,225,000 3,173,000 2,844,000 2,584,000 1,651,000 1,570,000 1,473,000 1,385,000 1,376,000 1,264,000 1,223,000
Alberta 207,967,000 173,052,000 160,293,000 110,266,000 110,029,000 93,712,000 83,293,000 71,654,000 62,091,000 53,218,000 49,841,000 41,582,000 40,695,000 39,902,000 37,366,000 35,933,000 31,459,000 30,161,000 23,454,000 22,654,000 20,310,000 17,875,000 16,009,000 13,136,000 11,835,000 8,144,000 8,001,000 7,672,000 6,617,000 4,607,000
British Columbia 174,186,000 166,135,000 156,755,000 135,539,000 112,782,000 102,608,000 101,902,000 91,031,000 90,253,000 69,845,000 67,455,000 66,452,000 54,848,000 49,811,000 44,063,000 43,773,000 42,943,000 37,195,000
19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Optimum General....................................... Canadian Direct Insurance ........................ Peace Hills General ................................... Mutual Fire Insurance Co of BC ................ Kingsway Financial .................................... GCAN......................................................... Allianz Global Risks US ............................. CNA Canada Group................................... Grain Insurance & Guarantee.................... ACE INA Insurance.................................... TD Meloche Monnex.................................. Affiliated FM 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.
Aviva Canada Inc....................................... Co-operators General ................................ Wawanesa Mutual Insurance .................... American Home Assurance....................... ING Canada ............................................... Lloyd’s Underwriters .................................. TD Meloche Monnex.................................. Royal & Sun Alliance ................................. The Dominion Of Canada .......................... AXA Canada-Group Of Companies .......... Northbridge Financial................................. Peace Hills General ................................... Canadian Northern Shield ......................... St. Paul Fire & Marine................................ Liberty Mutual............................................. FM Global................................................... Kingsway Financial .................................... London & Midland General ........................ Zurich Canada............................................ GCAN......................................................... Grain Insurance & Guarantee.................... Desjardins General .................................... RBC General.............................................. SecuriCAN ................................................. Allianz Global Risks US ............................. RBC Insurance........................................... ACE INA Insurance.................................... American Bankers of Florida ..................... Chubb Insurance Co of Canada ................ Mitsui Sumitomo.........................................
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....................................... Zurich Canada............................................ ING Canada ............................................... American Home Assurance....................... Co-operators General ................................ Lloyd’s Underwriters .................................. Northbridge Financial................................. AXA Canada-Group Of Companies .......... Royal & Sun Alliance ................................. Allianz Global Risks US ............................. The Dominion Of Canada .......................... TD Meloche Monnex.................................. Peace Hills General ................................... St. Paul Fire & Marine................................ FM Global................................................... GCAN......................................................... CNA Canada Group................................... London & Midland General ........................ ACE INA Insurance.................................... Desjardins General .................................... Canadian Northern Shield ......................... Kingsway Financial .................................... Chubb Insurance Co of Canada ................ American Bankers of Florida ..................... RBC Insurance........................................... RBC General.............................................. Tokio Marine & Nichido Fire ...................... SecuriCAN ................................................. Legacy General.......................................... XL Insurance ..............................................
27,119,000 19,956,000 17,557,000 16,916,000 16,614,000 15,529,000 12,383,000 10,490,000 10,232,000 9,132,000 8,547,000 6,417,000
Yukon Territory 2,612,000 2,086,000 1,647,000 1,391,000 952,000 890,000 847,000 818,000 569,000 500,000 481,000 354,000 265,000 254,000 149,000 112,000 102,000 75,000 57,000 53,000 43,000 39,000 38,000 18,000 17,000 16,000 12,000 11,000 8,000 8,000
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 .................................. FM Global................................................... St. Paul Fire & Marine................................ Co-operators General ................................ Royal & Sun Alliance ................................. Peace Hills General ................................... The Dominion Of Canada .......................... ACE INA Insurance.................................... American Home Assurance....................... Northbridge Financial................................. CNA Canada Group................................... RBC General.............................................. TD Meloche Monnex.................................. GCAN......................................................... Desjardins General .................................... Aviva Canada Inc....................................... SecuriCAN ................................................. Omega General ......................................... American Bankers of Florida ..................... Pool Insurance ........................................... Legacy General.......................................... XL Insurance .............................................. Liberty Mutual.............................................
1,691,000 812,000 570,000 546,000 451,000 316,000 279,000 276,000 263,000 256,000 107,000 38,000 35,000 32,000 14,000 9,000 5,000 4,000 2,000 2,000 1,000 1,000 1,000
Notes:
Northwest Territories
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
5,594,000 4,508,000 3,527,000 3,411,000 2,624,000 1,676,000 1,551,000 1,001,000 865,000 796,000 714,000 630,000 601,000 512,000 371,000 185,000 154,000 151,000 150,000 134,000 104,000 92,000 89,000 37,000 27,000 17,000 10,000 7,000 4,000 3,000 75
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Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2007 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.
Royal & Sun Alliance ................................. Aviva Canada Inc....................................... Co-operators General ................................ AXA Canada-Group Of Companies .......... The Dominion Of Canada .......................... Economical Insurance Group .................... Northbridge Financial................................. TD Meloche Monnex.................................. Desjardins General .................................... Zurich Canada............................................ RBC General.............................................. Kingsway Financial .................................... St. Paul Fire & Marine................................ ACE INA Insurance.................................... Portage La Prairie Mutual .......................... American Home Assurance....................... Liberty Mutual............................................. Motors Insurance Corporation ................... Allianz Global Risks US ............................. American Road Insurance ......................... Cumis General ........................................... Chubb Insurance Co of Canada ................ Guarantee Co Of North America ............... CNA Canada Group................................... Daimler Chrysler Insurance ....................... Tokio Marine & Nichido Fire ...................... Mitsui Sumitomo......................................... Old Republic Insurance of Cda.................. Hartford Fire Insurance .............................. Commerce & Industry 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.
Aviva Canada Inc....................................... The Dominion Of Canada .......................... Co-operators General ................................ SGI Canada Group .................................... Royal & Sun Alliance ................................. ING Canada ............................................... Wawanesa Mutual Insurance .................... Desjardins General .................................... TD Meloche Monnex.................................. RBC General.............................................. Portage La Prairie Mutual .......................... Northbridge Financial................................. Economical Insurance Group .................... CAA Insurance (Ontario)............................ Zurich Canada............................................ Liberty Mutual............................................. ACE INA Insurance.................................... St. Paul Fire & Marine................................ Echelon General ........................................ Cumis General ........................................... Daimler Chrysler Insurance ....................... Old Republic Insurance of Cda.................. Motors Insurance Corporation ................... American Home Assurance....................... Allianz Global Risks US ............................. Guarantee Co Of North America ............... American Road Insurance ......................... Chubb Insurance Co of Canada ................ Tokio Marine & Nichido Fire ...................... Sentry Insurance........................................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
ING Canada ............................................... Royal & Sun Alliance ................................. Aviva Canada Inc....................................... Economical Insurance Group .................... Wawanesa Mutual Insurance .................... TD Meloche Monnex.................................. The Dominion Of Canada .......................... Co-operators General ................................ Portage La Prairie Mutual .......................... Desjardins General .................................... Northbridge Financial.................................
69,044,000 52,387,000 38,161,000 32,324,000 23,571,000 13,277,000 9,338,000 5,382,000 2,180,000 1,292,000 978,000 695,000 676,000 434,000 427,000 302,000 224,000 188,000 147,000 141,000 138,000 54,000 53,000 52,000 34,000 23,000 22,000 15,000 13,000 11,000
Prince Edward Island 10,308,000 10,126,000 10,115,000 6,789,000 5,615,000 5,303,000 4,459,000 4,379,000 3,590,000 3,162,000 2,381,000 2,283,000 1,907,000 754,000 610,000 356,000 174,000 135,000 110,000 69,000 33,000 30,000 27,000 18,000 16,000 15,000 5,000 2,000 1,000 1,000
Nova Scotia
76
79,990,000 60,732,000 60,153,000 38,479,000 38,438,000 37,573,000 30,807,000 27,788,000 23,561,000 22,187,000 14,097,000
12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Pembridge.................................................. AXA Canada-Group Of Companies .......... Allstate Insurance of Canada..................... RBC General.............................................. Zurich Canada............................................ CAA Insurance (Ontario)............................ Cumis General ........................................... ACE INA Insurance.................................... Old Republic Insurance of Cda.................. American Home Assurance....................... Kingsway Financial .................................... Pafco .......................................................... Guarantee Co Of North America ............... Liberty Mutual............................................. St. Paul Fire & Marine................................ SGI Canada Group .................................... Motors Insurance Corporation ................... Echelon General ........................................ 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.
Wawanesa Mutual Insurance .................... Aviva Canada Inc....................................... Economical Insurance Group .................... AXA Canada-Group Of Companies .......... Co-operators General ................................ State Farm Insurance Company................ Royal & Sun Alliance ................................. TD Meloche Monnex.................................. ING Canada ............................................... Allstate Insurance of Canada..................... Northbridge Financial................................. The Dominion Of Canada .......................... Desjardins General .................................... Zurich Canada............................................ Pembridge.................................................. RBC General.............................................. Kingsway Financial .................................... Portage La Prairie Mutual .......................... ACE INA Insurance.................................... CAA Insurance (Ontario)............................ St. Paul Fire & Marine................................ Pafco .......................................................... American Home Assurance....................... Old Republic Insurance of Cda.................. SGI Canada Group .................................... Guarantee Co Of North America ............... Liberty Mutual............................................. Motors Insurance Corporation ................... Daimler Chrysler Insurance ....................... American Road 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.
ING Canada ............................................... Desjardins General .................................... AXA Canada-Group Of Companies .......... La Capitale Assurances............................. Aviva Canada Inc....................................... Co-operators General ................................ TD Meloche Monnex.................................. Kingsway Financial .................................... SSQ, Societe d’assurances ....................... Northbridge Financial................................. Industrielle Alliance .................................... Economical Insurance Group .................... Allstate Insurance of Canada..................... Wawanesa Mutual Insurance .................... L’Unique Assurances Generales ............... Zurich Canada............................................ Pafco .......................................................... Royal & Sun Alliance ................................. RBC General.............................................. Chubb Insurance Co of Canada ................ Echelon General ........................................ ACE INA Insurance.................................... Lloyd’s Underwriters .................................. American Home Assurance....................... Motors Insurance Corporation ...................
11,688,000 7,453,000 7,431,000 6,827,000 5,261,000 3,762,000 3,034,000 2,067,000 1,969,000 1,967,000 1,905,000 1,637,000 710,000 596,000 530,000 454,000 435,000 418,000 236,000
New Brunswick 65,681,000 47,753,000 38,388,000 34,081,000 33,245,000 28,078,000 26,764,000 26,261,000 23,841,000 19,140,000 16,293,000 15,323,000 11,207,000 9,759,000 7,621,000 7,141,000 5,437,000 4,904,000 4,452,000 2,715,000 2,620,000 2,247,000 2,206,000 1,481,000 1,394,000 675,000 382,000 222,000 194,000 147,000
Quebec 560,711,000 504,438,000 339,893,000 234,228,000 226,598,000 129,949,000 111,284,000 85,931,000 83,270,000 77,051,000 71,818,000 71,602,000 60,517,000 56,167,000 45,487,000 40,371,000 18,708,000 15,218,000 12,903,000 9,502,000 9,084,000 6,888,000 5,566,000 5,232,000 4,892,000
26. 27. 28. 29. 30.
Optimum General....................................... Liberty Mutual............................................. St. Paul Fire & Marine................................ Daimler Chrysler Insurance ....................... Allianz Global Risks US .............................
4,335,000 3,175,000 2,899,000 2,685,000 2,565,000
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.
Aviva Canada Inc.......................................1,126,630,000 ING Canada ...............................................1,123,105,000 State Farm Insurance Company................1,012,599,000 TD Meloche Monnex.................................. 937,473,000 Economical Insurance Group .................... 781,417,000 Co-operators General ................................ 551,345,000 Royal & Sun Alliance ................................. 486,948,000 The Dominion Of Canada .......................... 462,087,000 Northbridge Financial................................. 422,892,000 Desjardins General .................................... 348,245,000 Kingsway Financial .................................... 341,854,000 Wawanesa Mutual Insurance .................... 327,020,000 Allstate Insurance of Canada..................... 248,665,000 RBC General.............................................. 229,317,000 AXA Canada-Group Of Companies .......... 191,270,000 Ontario Mutual Insurance........................... 183,157,000 Zurich Canada............................................ 129,644,000 Gore Mutual ............................................... 94,715,000 CAA Insurance (Ontario)............................ 88,754,000 Echelon General ........................................ 87,195,000 Guarantee Co Of North America ............... 80,847,000 Pafco .......................................................... 58,620,000 Pembridge.................................................. 52,526,000 Motors Insurance Corporation ................... 50,379,000 Chubb Insurance Co of Canada ................ 50,288,000 ACE INA Insurance.................................... 32,341,000 Old Republic Insurance of Cda.................. 26,246,000 American Home Assurance....................... 23,113,000 St. Paul Fire & Marine................................ 20,170,000 Cumis General ........................................... 18,701,000
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.
Northbridge Financial................................. Saskatchewan Mutual Insurance............... ACE INA Insurance.................................... Aviva Canada Inc....................................... ING Canada ............................................... Zurich Canada............................................ CNA Canada Group................................... American Home Assurance....................... Motors Insurance Corporation ................... St. Paul Fire & Marine................................ Co-operators General ................................ Daimler Chrysler Insurance ....................... RBC General.............................................. American Road Insurance ......................... Liberty Mutual............................................. The Dominion Of Canada .......................... Old Republic Insurance of Cda.................. Royal & Sun Alliance ................................. Allianz Global Risks US ............................. Commerce & Industry Insurance ............... SGI Canada Group .................................... Chubb Insurance Co of Canada ................ Portage La Prairie Mutual .......................... Cumis General ........................................... Sentry Insurance........................................ Hartford Fire Insurance .............................. Tokio Marine & Nichido Fire ...................... AXA Canada-Group Of Companies .......... Mitsui Sumitomo......................................... XL Insurance ..............................................
Ontario
Manitoba 1,206,000 1,099,000 1,051,000 997,000 977,000 847,000 839,000 473,000 394,000 330,000 285,000 279,000 254,000 184,000 132,000 128,000 91,000 88,000 78,000 62,000 52,000 51,000 30,000 28,000 18,000 7,000 5,000 4,000 3,000 2,000
Saskatchewan 1. 2. 3. 4. 5. 6.
SGI Canada Group .................................... 111,690,000 Co-operators General ................................ 7,622,000 Saskatchewan Mutual Insurance............... 5,415,000 Aviva Canada Inc....................................... 4,174,000 Northbridge Financial................................. 2,108,000 Zurich Canada............................................ 1,766,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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Leading Companies In The Provinces Direct Written Premiums – AUTOMOBILE – 2007 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 .................................. Portage La Prairie Mutual .......................... St. Paul Fire & Marine................................ American Home Assurance....................... Motors Insurance Corporation ................... Mennonite Mutual Fire ............................... ACE INA Insurance.................................... Echelon General ........................................ American Road Insurance ......................... RBC General.............................................. Allianz Global Risks US ............................. AXA Canada-Group Of Companies .......... Daimler Chrysler Insurance ....................... Liberty Mutual............................................. Royal & Sun Alliance ................................. Commerce & Industry Insurance ............... Old Republic Insurance of Cda.................. Canadian Northern Shield ......................... The Dominion Of Canada .......................... ING Canada ............................................... CNA Canada Group................................... Cumis General ........................................... Hartford Fire Insurance .............................. Chubb Insurance Co 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. 25. 26. 27. 28. 29. 30.
ING Canada ............................................... Wawanesa Mutual Insurance .................... TD Meloche Monnex.................................. Co-operators General ................................ Royal & Sun Alliance ................................. Aviva Canada Inc....................................... Alberta Motor Association.......................... Economical Insurance Group .................... State Farm Insurance Company................ The Dominion Of Canada .......................... Northbridge Financial................................. AXA Canada-Group Of Companies .......... Peace Hills General ................................... Zurich Canada............................................ Allstate Insurance of Canada..................... Kingsway Financial .................................... Canadian Direct Insurance ........................ Desjardins General .................................... RBC General.............................................. Portage La Prairie Mutual .......................... St. Paul Fire & Marine................................ ACE INA Insurance.................................... American Home Assurance....................... SGI Canada Group .................................... Liberty Mutual............................................. Old Republic Insurance of Cda.................. Allianz Global Risks US ............................. Cumis General ........................................... Lloyd’s Underwriters .................................. CNA Canada Group...................................
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20.
Economical Insurance Group .................... Canadian Direct Insurance ........................ ING Canada ............................................... Canadian Northern Shield ......................... AXA Canada-Group Of Companies .......... Northbridge Financial................................. Zurich Canada............................................ Royal & Sun Alliance ................................. American Home Assurance....................... BCAA Insurance Corporation .................... RBC General.............................................. Aviva Canada Inc....................................... The Dominion Of Canada .......................... ACE INA Insurance.................................... Liberty Mutual............................................. St. Paul Fire & Marine................................ Echelon General ........................................ Lloyd’s Underwriters .................................. American Road Insurance ......................... Daimler Chrysler Insurance .......................
1,706,000 1,130,000 692,000 621,000 416,000 318,000 307,000 242,000 234,000 197,000 195,000 183,000 164,000 151,000 134,000 93,000 68,000 46,000 41,000 28,000 28,000 18,000 15,000 12,000
Alberta 542,511,000 389,197,000 330,109,000 242,336,000 206,500,000 188,927,000 164,322,000 113,238,000 97,704,000 86,722,000 83,914,000 75,513,000 62,116,000 59,989,000 57,711,000 43,257,000 36,487,000 33,181,000 19,621,000 19,533,000 17,179,000 16,622,000 11,209,000 8,484,000 8,388,000 8,115,000 6,868,000 4,618,000 4,440,000 4,267,000
British Columbia 54,511,000 43,024,000 26,562,000 25,652,000 5,496,000 4,637,000 3,842,000 3,728,000 3,270,000 1,931,000 1,508,000 1,453,000 1,083,000 1,034,000 855,000 782,000 744,000 708,000 653,000 637,000
21. 22. 23. 24. 25. 26. 27. 28. 29. 30.
Allianz Global Risks US ............................. Chubb Insurance Co of Canada ................ CNA Canada Group................................... Motors Insurance Corporation ................... Old Republic Insurance of Cda.................. Commerce & Industry Insurance ............... Kingsway Financial .................................... Co-operators General ................................ 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.
Wawanesa Mutual Insurance .................... TD Meloche Monnex.................................. ING Canada ............................................... Co-operators General ................................ Royal & Sun Alliance ................................. Aviva Canada Inc....................................... The Dominion Of Canada .......................... Zurich Canada............................................ St. Paul Fire & Marine................................ Northbridge Financial................................. Peace Hills General ................................... ACE INA Insurance.................................... Desjardins General .................................... Economical Insurance Group .................... State Farm Insurance Company................ RBC General.............................................. Kingsway Financial .................................... AXA Canada-Group Of Companies .......... Lloyd’s Underwriters .................................. Liberty Mutual............................................. Allstate Insurance of Canada..................... Old Republic Insurance of Cda.................. Allianz Global Risks US ............................. Gore Mutual ............................................... CNA Canada Group................................... Guarantee Co Of North America ............... Pembridge.................................................. American Home Assurance....................... Pafco .......................................................... Echelon General ........................................
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.
ING Canada ............................................... Co-operators General ................................ Aviva Canada Inc....................................... TD Meloche Monnex.................................. Royal & Sun Alliance ................................. Northbridge Financial................................. Desjardins General .................................... The Dominion Of Canada .......................... Wawanesa Mutual Insurance .................... Peace Hills General ................................... AXA Canada-Group Of Companies .......... State Farm Insurance Company................ Economical Insurance Group .................... ACE INA Insurance.................................... Zurich Canada............................................ St. Paul Fire & Marine................................ RBC General.............................................. Kingsway Financial .................................... Allstate Insurance of Canada..................... Gore Mutual ............................................... Liberty Mutual............................................. Motors Insurance Corporation ................... Guarantee Co Of North America ............... Old Republic Insurance of Cda.................. Pembridge.................................................. American Home Assurance....................... American Road Insurance ......................... Pafco .......................................................... Daimler Chrysler Insurance ....................... Echelon General ........................................
579,000 573,000 433,000 305,000 197,000 187,000 145,000 75,000 64,000 59,000
Yukon Territory 3,608,000 3,153,000 2,901,000 2,581,000 1,663,000 1,493,000 1,121,000 707,000 537,000 455,000 453,000 404,000 365,000 205,000 168,000 155,000 153,000 89,000 76,000 72,000 51,000 27,000 21,000 19,000 19,000 18,000 12,000 10,000 9,000 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.
Royal & Sun Alliance ................................. AXA Canada-Group Of Companies .......... St. Paul Fire & Marine................................ Aviva Canada Inc....................................... Northbridge Financial................................. The Dominion Of Canada .......................... TD Meloche Monnex.................................. ING Canada ............................................... Co-operators General ................................ Peace Hills General ................................... Wawanesa Mutual Insurance .................... RBC General.............................................. Economical Insurance Group .................... Desjardins General .................................... State Farm Insurance Company................ ACE INA Insurance.................................... Kingsway Financial .................................... CNA Canada Group................................... Allstate Insurance of Canada..................... Liberty Mutual............................................. Gore Mutual ............................................... Guarantee Co Of North America ............... Zurich Canada............................................ Pembridge.................................................. Pafco .......................................................... Old Republic Insurance of Cda.................. American Home Assurance....................... Echelon General ........................................ Motors Insurance Corporation ................... Lloyd’s Underwriters ..................................
859,000 604,000 595,000 175,000 167,000 147,000 118,000 92,000 74,000 73,000 60,000 47,000 46,000 44,000 43,000 37,000 18,000 15,000 13,000 9,000 5,000 5,000 3,000 3,000 3,000 3,000 2,000 2,000 1,000 –1,000
Notes:
Northwest Territories
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
4,327,000 2,521,000 2,430,000 2,294,000 2,183,000 1,025,000 909,000 719,000 601,000 581,000 552,000 489,000 488,000 385,000 379,000 291,000 184,000 183,000 152,000 52,000 46,000 39,000 39,000 37,000 35,000 31,000 30,000 26,000 24,000 21,000 77
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2007 LEADING COMPANIES — DIRECT WRITTEN BASIS Accident & Sickness
Boiler & Machinery
Fidelity
% of 2007 Market D.W.P. 1. RBC Insurance............................... 32.37 223,887,000
% of 2007 Market D.W.P. 1. FM Global ...................................... 15.13 52,497,000
% of 2007 Market D.W.P. 1. Chubb Insurance Co of Canada...... 19.27 23,141,000
2. American Bankers of Florida..........
14.48 100,180,000
2. Travelers Guarantee.......................
14.83
51,474,000
2. American Home Assurance............
16.08
19,310,000
3. Royal & Sun Alliance .....................
12.60
87,155,000
3. Royal & Sun Alliance .....................
9.24
32,078,000
3. Guarantee Co Of North America.....
12.25
14,715,000
4. American Home Assurance............
10.85
75,035,000
4. Boiler Inspection & Insurance .......
9.01
31,276,000
4. Lloyd’s Underwriters .....................
9.48
11,386,000
56,793,000
5. Zurich Canada................................
7.10
24,633,000
5. Travelers Guarantee.......................
8.73
10,487,000
6.90
23,948,000
6. Liberty Mutual ...............................
5.17
6,202,000
7. Cumis General ...............................
5.16
6,200,000
8. AXA Canada-Group Of Companies.
4.26
5,116,000
5. London & Midland General............
8.21
6. Lloyd’s Underwriters .....................
6.03
41,692,000
6. Aviva Canada Inc ...........................
7. Allianz Global Risks US..................
4.38
30,273,000
7. GCAN.............................................
4.76
16,534,000
8. ING Canada....................................
4.59
15,921,000
8. Echelon General.............................
3.51
24,305,000
9. Legacy General ..............................
2.55
17,661,000
10. Chubb Insurance Co of Canada......
1.42
9,794,000
11. ING Canada....................................
1.23
8,504,000
12. ACE INA Insurance ........................
0.93
6,442,000
13. AXA Canada-Group Of Companies.
0.47
3,262,000
9. Northbridge Financial.....................
3.03
3,637,000
10. Zurich Canada................................
2.49
2,987,000
11. Economical Insurance Group.........
2.02
2,425,000
12. Desjardins General.........................
1.61
1,933,000
13. The Dominion Of Canada ...............
1.29
1,550,000
9. AXA Canada-Group Of Companies.
3.64
12,638,000
10. Lloyd’s Underwriters .....................
3.37
11,711,000
11. Economical Insurance Group.........
2.89
10,034,000
12. XL Insurance .................................
2.86
9,916,000
13. Northbridge Financial.....................
1.97
6,848,000
14. Aviva Canada Inc ...........................
1.28
1,536,000
14. Co-operators General.....................
1.93
6,685,000
15. Royal & Sun Alliance .....................
1.20
1,445,000
15. Chubb Insurance Co of Canada......
1.85
6,423,000
16. Co-operators General.....................
1.12
1,349,000
16. Affiliated FM Insurance ..................
1.51
5,228,000
17. St. Paul Fire & Marine....................
0.95
1,141,000
14. BCAA Insurance Corporation .........
0.30
2,048,000
15. Aviva Canada Inc ...........................
0.22
1,524,000
16. Alberta Motor Association .............
0.12
830,000
17. The Dominion Of Canada ...............
1.48
5,119,000
18. ACE INA Insurance ........................
0.93
1,122,000
17. CAA Insurance (Ontario)................
0.09
646,000
18. American Home Assurance............
1.38
4,793,000
19. Ontario School Board ....................
0.79
954,000
18. Co-operators General.....................
0.09
590,000
19. Allianz Global Risks US..................
1.12
3,877,000
20. CNA Canada Group ........................
0.76
909,000
19. Guarantee Co Of North America.....
0.05
348,000
20. St. Paul Fire & Marine....................
0.72
2,491,000
21. Trisura ...........................................
0.75
899,000
20. Cumis General ...............................
0.04
274,000
21. Desjardins General.........................
0.65
2,244,000
22. SGI Canada Group .........................
0.40
478,000
21. Ontario Mutual Insurance ..............
0.04
267,000
22. Gore Mutual...................................
0.50
1,746,000
23. GCAN.............................................
0.33
394,000
22. Northbridge Financial.....................
0.01
94,000
23. SGI Canada Group .........................
0.46
1,608,000
24. Canadian Northern Shield ..............
0.18
222,000
23. SGI Canada Group .........................
0.01
77,000
24. Wawanesa Mutual Insurance.........
0.40
1,391,000
25. Mitsui Sumitomo ...........................
0.16
195,000
24. Gore Mutual...................................
0.01
75,000
25. Lumbermen’s Underwiting ............
0.25
854,000
26. Tokio Marine & Nichido Fire ..........
0.11
127,000
3,000
26. Grain Insurance & Guarantee.........
0.16
559,000
27. Grain Insurance & Guarantee.........
0.07
89,000
0.16
539,000
28. Sompo Japan Insurance ................
0.03
41,000
–30,000
27. CNA Canada Group ........................
0.14
478,000
0.03
32,000
691,729,000
28. Swiss Reinsurance Group..............
29. Saskatchewan Mutual Insurance ...
29. Munich Re Canada Group..............
0.14
470,000
30. Le Groupe Estrie-Richelieu ............
0.12
422,000
31. Mitsui Sumitomo ...........................
0.12
410,000
32. Ontario School Board ....................
0.12
409,000
33. Trisura ...........................................
0.11
389,000
34. Cumis General ...............................
0.10
346,000
35. Optimum General...........................
0.07
249,000
36. Canadian Northern Shield ..............
0.07
232,000
37. North Waterloo Farmers Mutual ....
0.04
155,000
38. Tokio Marine & Nichido Fire ..........
0.04
153,000
39. Saskatchewan Mutual Insurance ...
0.03
40. Hartford Fire Insurance..................
0.02
41. Sompo Japan Insurance ................
0.02
42. Ontario Mutual Insurance ..............
0.01
25. North Waterloo Farmers Mutual .... 26. Commerce & Industry Insurance...
0.00 –0.00
TOTAL ...........................................
Aircraft % of 2007 Market D.W.P. 1. Lloyd’s Underwriters ..................... 37.51 102,008,000 2. National Liability & Fire..................
13.89
37,760,000
3. Munich Re Canada Group..............
12.64
34,367,000
4. Allianz Global Risks US..................
11.86
32,263,000
5. Swiss Reinsurance Group..............
5.38
14,632,000
6. American Home Assurance............
4.62
12,562,000
7. Co-operators General.....................
3.18
8,656,000
30. Hartford Fire Insurance..................
0.02
20,000
31. Optimum General...........................
0.01
14,000
32. ING Canada....................................
0.01
11,000
33. Western Surety..............................
0.01
9,000
34. State Farm Insurance Company.....
0.00
1,000
TOTAL ...........................................
120,077,000
Marine
95,000
% of Market 1. Lloyd’s Underwriters ..................... 20.45
2007 D.W.P. 59,018,000
62,000
2. Royal & Sun Alliance .....................
18.73
54,052,000
55,000
3. CNA Canada Group ........................
11.69
33,753,000
35,000
4. AXA Canada-Group Of Companies.
11.42
32,966,000
8. Northbridge Financial.....................
3.05
8,296,000
43. Kingsway Financial ........................
0.00
10,000
5. Northbridge Financial.....................
7.28
21,006,000
9. ACE INA Insurance ........................
2.86
7,766,000
44. Daimler Chrysler Insurance ...........
0.00
8,000
6. St. Paul Fire & Marine....................
6.96
20,090,000
10. GCAN.............................................
2.64
7,188,000
45. Virginia Surety ...............................
–0.00
–1,000
7. Co-operators General.....................
5.85
16,880,000
11. Mitsui Sumitomo ...........................
2.15
5,858,000
46. ACE INA Insurance ........................
–0.00
–7,000
8. American Home Assurance............
3.85
11,125,000
12. Arch Insurance ..............................
0.38
1,029,000
TOTAL ...........................................
10,088,000
13. SGI Canada Group .........................
0.04
103,000
14. Old Republic Insurance of Cda ......
0.02
64,000
15. AXA Canada-Group Of Companies.
0.02
45,000
16. Liberty Mutual ...............................
0.00
4,000
17. CNA Canada Group ........................
–0.00
–3,000
18. Chubb Insurance Co of Canada......
–0.00
–3,000
19. British Aviation ..............................
–0.00
–3,000
20. XL Re America Inc - Cdn Branch ...
–0.00
–6,000
21. Eagle Star Insurance......................
–0.01
–24,000
22. St. Paul Fire & Marine....................
–0.02
–55,000
23. Hartford Fire Insurance..................
–0.04
–119,000
24. Royal & Sun Alliance .....................
–0.17
–468,000
TOTAL ...........................................
78
271,920,000
347,035,000
Credit % of Market 1. Euler Hermes American Credit....... 80.21
3.50 2.35
6,794,000
11. Chubb Insurance Co of Canada......
2.06
5,943,000
12. Liberty Mutual ...............................
1.80
5,193,000
13. GCAN.............................................
1.10
3,161,000
2007 D.W.P. 40,244,000
14. Affiliated FM Insurance ..................
0.78
2,262,000
15. Allianz Global Risks US..................
0.51
1,475,000
16. Mitsui Sumitomo ...........................
0.42
1,212,000
17. Zurich Canada................................
0.31
892,000
18. ING Canada....................................
0.31
882,000
19. Tokio Marine & Nichido Fire ..........
0.26
736,000
20. Sompo Japan Insurance ................
0.16
470,000
21. Nipponkoa Insurance.....................
0.10
295,000
22. National Liability & Fire..................
0.08
234,000
23. Economical Insurance Group.........
0.04
102,000
2. American Home Assurance............
14.76
7,403,000
3. Zurich Canada................................
2.87
1,438,000
4. Guarantee Co Of North America.....
2.54
1,273,000
5. Lloyd’s Underwriters .....................
0.30
149,000
6. Travelers Guarantee.......................
0.11
54,000
7. L’Unique Assurances Generales ....
0.03
13,000
8. CNA Canada Group ........................
–0.80
–403,000
TOTAL ...........................................
9. ACE INA Insurance ........................ 10. Pacific Coast Fishermen’s..............
50,171,000
TOTAL ...........................................
288,629,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 78-79 LEADING CO'S(DTP745R1).chp
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2007 LEADING COMPANIES — DIRECT WRITTEN BASIS Liability
Liability (continued)
Surety
% of 2007 Market D.W.P. 1. Lloyd’s Underwriters ..................... 11.46 547,575,000
% of Market 59. Sompo Japan Insurance ................ 0.03
2007 D.W.P. 1,369,000
% of 2007 Market D.W.P. 1. Travelers Guarantee....................... 18.80 83,017,000
2. Aviva Canada Inc ...........................
7.21 344,259,000
60. L’Unique Assurances Generales ....
0.02
1,151,000
2. American Bankers of Florida..........
14.52
3. Northbridge Financial.....................
6.81 325,193,000
61. Canadian Direct Insurance.............
0.02
816,000
3. Guarantee Co Of North America.....
13.83
61,068,000
4. American Home Assurance............
6.56 313,283,000
62. Mennonite Mutual Fire...................
0.02
794,000
4. AXA Canada-Group Of Companies.
12.68
55,982,000
5. ING Canada....................................
6.24 298,126,000
63. Kings Mutual Insurance.................
0.02
723,000
5. Aviva Canada Inc ...........................
7.39
32,643,000
6. Zurich Canada................................
6.10 291,663,000
64. Antigonish Farmers’ Mutual...........
0.01
564,000
6. Zurich Canada................................
5.41
23,871,000
7. Chubb Insurance Co of Canada......
5.51 263,099,000
65. Promutuel Reassurance.................
0.01
332,000
7. ING Canada....................................
4.61
20,336,000
8. AXA Canada-Group Of Companies.
4.78 228,183,000
66. Clare Mutual ..................................
0.01
277,000
8. Western Surety..............................
3.96
17,475,000
9. Co-operators General.....................
4.03 192,402,000
67. Nipponkoa Insurance.....................
0.01
268,000
9. Kingsway Financial ........................
3.63
16,031,000
10. Economical Insurance Group.........
3.30 157,562,000
68. Virginia Surety ...............................
0.00
97,000
10. Northbridge Financial.....................
2.54
11,207,000
11. CNA Canada Group ........................
3.09 147,500,000
69. T.H.E. Insurance ............................
0.00
56,000
11. Trisura ...........................................
2.51
11,075,000
12. ACE INA Insurance ........................
2.83 135,132,000
70. National Liability & Fire..................
0.00
27,000
12. Chubb Insurance Co of Canada......
1.93
8,536,000
13. Motors Insurance Corporation.......
2.66 127,022,000
71. Security Ins Co of Hartford ............
0.00
3,000
13. L’Unique Assurances Generales ....
1.70
7,512,000
14. Munich Re Canada Group..............
2.56 122,344,000
72. Utica Mutual ..................................
0.00
2,000
14. Co-operators General.....................
1.59
7,027,000
15. Commerce & Industry Insurance...
2.45 116,830,000
73. Lumbermens Mutual Casualty .......
0.00
2,000
15. ACE INA Insurance ........................
1.09
4,820,000
16. St. Paul Fire & Marine....................
2.12 101,384,000
74. Boiler Inspection & Insurance .......
0.00
1,000
16. Economical Insurance Group.........
1.06
4,662,000
17. Liberty Mutual ...............................
2.05
98,008,000
75. Employers Insurance Of Wausau...
–0.00
–1,000
17. American Home Assurance............
0.78
3,441,000
18. XL Insurance .................................
1.92
91,687,000
76. Omega General ..............................
–0.00
–39,000
18. The Dominion Of Canada ...............
0.65
2,856,000
19. Royal & Sun Alliance .....................
1.87
89,411,000
TOTAL ...........................................
4,777,595,000
19. SGI Canada Group .........................
0.63
2,772,000
20. The Dominion Of Canada ...............
1.70
81,194,000
20. CNA Canada Group ........................
0.27
1,186,000
21. GCAN.............................................
1.61
77,026,000
21. La Capitale Assurances..................
0.15
684,000
22. XL Re America Inc - Cdn Branch ...
1.21
57,766,000
22. Grain Insurance & Guarantee.........
0.06
252,000
23. Swiss Reinsurance Group..............
1.01
48,156,000
24. Guarantee Co Of North America.....
1.00
25. State Farm Insurance Company..... 26. Ontario Mutual Insurance ..............
Legal Expense
64,120,000
47,753,000
% of Market 1. La Capitale Assurances.................. 46.26
2007 D.W.P. 5,188,000
0.99
47,157,000
2. ING Canada....................................
27.79
3,117,000
25. Desjardins General.........................
0.04
157,000
0.97
46,530,000
3. Lloyd’s Underwriters .....................
10.54
1,182,000
26. Canadian Northern Shield ..............
0.03
134,000
23. Commerce & Industry Insurance...
0.05
229,000
24. Daimler Chrysler Insurance ...........
0.04
173,000
27. Travelers Guarantee.......................
0.91
43,422,000
4. AXA Canada-Group Of Companies.
9.19
1,031,000
27. Hartford Fire Insurance..................
0.02
92,000
28. SGI Canada Group .........................
0.68
32,341,000
5. Echelon General.............................
5.62
630,000
28. Royal & Sun Alliance .....................
0.01
52,000
29. Wawanesa Mutual Insurance.........
0.61
29,206,000
6. London & Midland General............
0.39
44,000
29. State Farm Insurance Company.....
0.01
38,000
30. Kingsway Financial ........................
0.56
26,556,000
7. Economical Insurance Group.........
0.21
23,000
30. Innovative Insurance .....................
0.01
30,000
31. Allianz Global Risks US..................
0.54
25,776,000
TOTAL ...........................................
11,215,000
31. Echelon General.............................
0.00
8,000
32. Canadian Northern Shield ..............
0.53
25,238,000
32. Cumis General ...............................
0.00
4,000
33. Arch Insurance ..............................
0.47
22,312,000
33. Optimum General...........................
0.00
4,000
34. Ontario School Board ....................
0.45
21,642,000
34. Gore Mutual...................................
0.00
35. Gore Mutual...................................
0.33
15,729,000
36. Optimum General...........................
0.27
13,047,000
37. Hartford Fire Insurance..................
0.21
10,179,000
38. Grain Insurance & Guarantee.........
0.21
10,157,000
39. Industrielle Alliance .......................
0.20
9,724,000
40. La Capitale Assurances..................
0.18
8,733,000
41. Desjardins General.........................
0.17
8,350,000
42. Cumis General ...............................
0.17
8,015,000
43. Mearie Group.................................
0.14
6,582,000
44. Echelon General.............................
0.12
5,636,000
45. TD Meloche Monnex......................
0.12
5,627,000
46. Old Republic Insurance of Cda ......
0.11
5,351,000
47. Trisura ...........................................
0.11
5,245,000
48. Portage La Prairie Mutual ..............
0.10
4,978,000
49. Mitsui Sumitomo ...........................
0.10
4,679,000
50. North Waterloo Farmers Mutual ....
0.10
4,637,000
51. Le Groupe Estrie-Richelieu ............
0.09
4,475,000
52. Saskatchewan Mutual Insurance ...
0.09
4,466,000
53. Tokio Marine & Nichido Fire ..........
0.06
3,055,000
54. Red River Valley Mutual.................
0.06
2,864,000
55. RBC General ..................................
0.04
1,955,000
56. Mutual Fire Insurance Co of BC .....
0.04
1,884,000
57. PEI Mutual Insurance ....................
0.03
1,632,000
58. Sentry Insurance ...........................
0.03
1,415,000
Title % of 2007 Market D.W.P. 1. First Canadian Title ........................ 99.98 148,035,000 2. Travelers Guarantee.......................
0.02
TOTAL ...........................................
TOTAL ...........................................
31,000
1,000 441,495,000
Credit Protection
148,066,000
% of 2007 Market D.W.P. 1. American Bankers of Florida.......... 82.19 151,483,000
Hail % of 2007 Market D.W.P. 1. Co-operative Hail ........................... 66.79 35,080,000 2. Northbridge Financial.....................
21.54
11,311,000
3. ACE INA Insurance ........................
10.90
5,726,000
4. AXA Canada-Group Of Companies.
0.32
168,000
5. Ontario Mutual Insurance ..............
0.30
160,000
6. North Waterloo Farmers Mutual ....
0.14
76,000
TOTAL ...........................................
Efficiency
52,521,000
2. Legacy General ..............................
17.81
TOTAL ...........................................
32,820,000 184,303,000
Other Approved Products % of Market 1. Arch Insurance .............................. 100.00 TOTAL ...........................................
2007 D.W.P. 2,629,000 2,629,000
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CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
79
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2007 SUMMARY RESULTS BY NATIONALITY OF COMPANY IN CANADA
✦✦✦ TOTAL INSURANCE Net Premiums Written $ 15,655,797,000 6,909,405,000 6,109,768,000 5,537,099,000
Net Premiums Earned $ 15,392,368,000 6,792,909,000 5,949,009,000 5,529,838,000
Net Claims and Adjusting Expenses $ 10,180,200,000 4,228,945,000 3,424,682,000 3,428,629,000
Earned Loss Ratio % 66.14 62.26 57.57 62.00
Total .............................. 34,212,069,000
33,664,124,000
21,262,456,000
63.16
Canadian ....................... Foreign .......................... U.K................................. U.S.................................
AUTOMOBILE INSURANCE Net Premiums Written $ 8,764,286,000 3,397,421,000 2,588,071,000 2,029,176,000
Net Premiums Earned $ 8,684,110,000 3,330,727,000 2,556,994,000 1,998,914,000
Net Claims and Adjusting Expenses $ 6,079,279,000 2,261,034,000 1,778,749,000 1,607,491,000
Earned Loss Ratio % 70.00 67.88 69.56 80.42
Total .............................. 16,778,954,000
16,570,745,000
11,726,553,000
70.77
Canadian ....................... Foreign .......................... U.K................................. U.S.................................
PROPERTY INSURANCE Net Premiums Written $ 4,968,134,000 2,405,451,000 2,016,595,000 1,647,695,000
Net Premiums Earned $ 4,817,859,000 2,345,705,000 1,925,253,000 1,594,391,000
Net Claims and Adjusting Expenses $ 3,214,279,000 1,457,326,000 958,022,000 843,950,000
Earned Loss Ratio % 66.72 62.13 49.76 52.93
Total .............................. 11,037,875,000
10,683,208,000
6,473,577,000
60.60
Canadian ....................... Foreign .......................... U.K................................. U.S.................................
REMAINING INSURANCE
80
Canadian ....................... Foreign .......................... U.K................................. U.S.................................
Net Premiums Written $ 1,923,377,000 1,106,533,000 1,505,102,000 1,860,228,000
Net Premiums Earned $ 1,890,399,000 1,116,477,000 1,466,762,000 1,936,533,000
Net Claims and Adjusting Expenses $ 886,642,000 510,585,000 687,911,000 977,188,000
Earned Loss Ratio % 46.90 45.73 46.90 50.46
Total ..............................
6,395,240,000
6,410,171,000
3,062,326,000
47.77
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 81 Smry by Type(DTPTYPE)
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2007 SUMMARY RESULTS BY TYPE OF COMPANY IN CANADA
✦✦✦ TOTAL INSURANCE Net Premiums Written $
Net Premiums Written %
Brokerage .......................... Direct ................................. Reinsurance ......................
24,339,433,000 8,217,815,000 1,654,821,000
71.14 24.02 4.84
Total ..................................
34,212,069,000
Net Premiums Earned $
23,905,267,000 8,038,426,000 1,720,431,000
Net Premiums Earned %
Net Claims & Adj. Exps. $
71.01 23.88 5.11
14,802,492,000 5,459,045,000 1,000,919,000
33,664,124,000
Net Earned Claims Loss & Adj. Exps. Ratio % %
69.62 25.67 4.71
21,262,456,000
61.92 67.91 58.18 63.16
AUTOMOBILE INSURANCE Net Premiums Written $
Net Premiums Written %
Brokerage .......................... Direct ................................. Reinsurance ......................
11,835,522,000 4,683,299,000 260,133,000
70.54 27.91 1.55
Total ..................................
16,778,954,000
Net Premiums Earned $
11,696,353,000 4,605,199,000 269,193,000
Net Premiums Earned %
Net Claims & Adj. Exps. $
70.58 27.79 1.62
8,115,170,000 3,398,260,000 213,123,000
16,570,745,000
Net Earned Claims Loss & Adj. Exps. Ratio % %
69.20 28.98 1.82
11,726,553,000
69.38 73.79 79.17 70.77
PROPERTY INSURANCE Net Premiums Written $
Net Premiums Written %
Net Premiums Earned $
Net Premiums Earned %
Net Claims & Adj. Exps. $
Brokerage .......................... Direct ................................. Reinsurance ......................
7,704,094,000 2,431,785,000 901,996,000
69.80 22.03 8.17
7,438,073,000 2,333,127,000 912,008,000
69.62 21.84 8.54
4,487,632,000 1,542,645,000 443,300,000
Total ..................................
11,037,875,000
10,683,208,000
Net Earned Claims Loss & Adj. Exps. Ratio % %
69.32 23.83 6.85
6,473,577,000
60.33 66.12 48.61 60.60
REMAINING INSURANCE Net Premiums Written $
Net Premiums Written %
Net Premiums Earned $
Net Premiums Earned %
Net Claims & Adj. Exps. $
Brokerage .......................... Direct ................................. Reinsurance ......................
4,799,817,000 1,102,731,000 492,692,000
75.05 17.24 7.70
4,770,841,000 1,100,100,000 539,230,000
74.43 17.16 8.41
2,199,690,000 518,140,000 344,496,000
Total ..................................
6,395,240,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
6,410,171,000
3,062,326,000
Net Earned Claims Loss & Adj. Exps. Ratio % %
71.83 16.92 11.25
46.11 47.10 63.89 47.77
81
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CANADIAN 2007 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
Class
Net Premiums Written $
Net Premiums 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
Daniel P. Courtemanche, President & C.E.O. The Exchange Tower 130 King St W, 12th Floor Toronto ON M5X 1A6 416-368-2911 Fax 416-594-3000 www.ace-ina-canada.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
403,000 41,014,000 41,417,000 3,411,000 37,420,000 428,000 17,152,000 55,000,000 –7,000 859,000 36,000 110,529,000 5,498,000 8,309,000 5,742,000 —————230,794,000 209,682,000 208,358,000 211,433,000 216,375,000
— 38,017,000 38,017,000 3,281,000 37,252,000 445,000 16,500,000 54,197,000 11,238,000 879,000 — 104,611,000 4,623,000 8,046,000 5,753,000 —————230,645,000 216,497,000 216,147,000 223,011,000 191,481,000
–598,000 20,944,000 20,346,000 855,000 15,752,000 457,000 10,511,000 26,720,000 –2,700,000 8,000 –116,000 26,802,000 –208,000 4,103,000 1,656,000 —————77,466,000 113,816,000 99,300,000 135,012,000 117,042,000
2007 Direct Premiums Written: +$324,526,000
— 55.09 53.52 26.06 42.28 102.70 63.70 49.30 –24.03 0.91 — 25.62 –4.50 50.99 28.78 ———33.59 52.57 45.94 60.54 61.12
Growth: +7.48%
2007 Underwriting Performance Summary Reinsurance Assumed .................31,394,000 Reinsurance Ceded ...................140,663,000 Net Premiums Written ................230,794,000 Net Premiums Earned................230,645,000 Net Claims & Adj Exp...................77,466,000 Commissions................................10,299,000 Taxes .............................................9,933,000 General Expenses..........................7,879,000 Undrwtg. Profit/Loss...................111,308,000 Investment Income.......................28,792,000
Underwriting Result 2007: +$111,308,000 2004: +$31,290,000
2006: 2003:
% Growth Rate (NPW) ..........................10.07 % of Market (NPW) .............................0.69 Earned Loss Ratio.............................33.59 Total Expense Ratio ..........................12.19 Combined Loss & Exp. Ratio ............45.78 Return on Equity................................29.73
+$65,629,000 +$30,600,000
Class
Net Premiums Written $
Net Premiums Earned $
AFFILIATED FM INSURANCE COMPANY Perry R. Brazeau, Chief Agent 500-165 Commerce Valley Dr. W. Thornhill ON L3T 7V8 905-763-5555 Fax 905-763-5556 www.fmglobal.ca Prop. - Personal................. 50,000 Prop. - Commercial............ 49,435,000 Prop. - Total ....................... 49,485,000 Boiler & Machinery ............ 81,000 Liability............................... — Marine................................ 2,255,000 —————Total 2007.......................... 51,821,000 Total 2006.......................... 54,205,000 Total 2005.......................... 57,779,000 Total 2004.......................... 42,019,000 Total 2003.......................... 37,050,000
50,000 48,160,000 48,210,000 68,000 — 1,832,000 —————50,110,000 56,031,000 56,038,000 39,072,000 29,997,000
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B-US
1,000 17,103,000 17,104,000 –33,000 146,000 543,000 —————17,760,000 22,230,000 37,811,000 11,288,000 14,334,000
2007 Direct Premiums Written: +$87,858,000 2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................36,037,000 Net Premiums Written ..................51,821,000 Net Premiums Earned..................50,110,000 Net Claims & Adj Exp...................17,760,000 Commissions................................–2,491,000 Taxes .............................................3,237,000 General Expenses..........................8,051,000 Undrwtg. Profit/Loss.....................23,543,000 Investment Income.........................7,576,000
Underwriting Result 2007: +$23,543,000 2004: +$19,656,000
2006: 2003:
2.00 35.51 35.48 –48.53 — 29.64 ———35.44 39.67 67.47 28.89 47.78
Growth: –0.35%
% Growth Rate (NPW) ..........................–4.40 % of Market (NPW) .............................0.16 Earned Loss Ratio.............................35.44 Total Expense Ratio ..........................17.56 Combined Loss & Exp. Ratio ............53.00 Return on Equity................................39.18
+$24,346,000 +$7,744,000
2005:
+$63,626,000
Ron Grieve, Vice-President 10310 - G.A. MacDonald Ave Edmonton AB T6J 6R7 780-474-8777 Fax 780-430-5599 www.ama.ab.ca Prop. - Personal................. 39,302,000 Prop. - Commercial............ 3,138,000 Prop. - Total ....................... 42,440,000 Auto. - Liability ................... 84,217,000 Auto. - Pers. Acc................ 7,276,000 Auto. - Other ...................... 69,147,000 Auto. - Total ....................... 160,640,000 Accident & Sickness .......... 656,000 —————Total 2007.......................... 203,736,000 Total 2006.......................... 182,311,000 Total 2005.......................... 145,816,000 Total 2004.......................... 153,942,000 Total 2003.......................... 140,657,000
36,155,000 2,860,000 39,015,000 81,476,000 7,075,000 65,518,000 154,069,000 721,000 —————193,805,000 170,927,000 144,871,000 147,384,000 129,965,000
2007 Direct Premiums Written: +$213,421,000 2007 Underwriting Performance Summary
www.compu-quote.com
Earned Loss Ratio %
2005:
+$9,287,000
D-C
Helping rate your entire portfolio against the marketplace
Strategy
Net Claims and Adjusting Expenses $
Reinsurance Assumed ...............................— Reinsurance Ceded .......................9,685,000 Net Premiums Written ................203,736,000 Net Premiums Earned................193,805,000 Net Claims & Adj Exp.................151,330,000 Commissions................................21,192,000 Taxes .............................................6,199,000 General Expenses........................17,639,000 Undrwtg. Profit/Loss.......................2,740,000 Investment Income.......................16,271,000
Underwriting Result 2007: +$2,740,000 2004: +$16,659,000
2006: 2003:
32,364,000 956,000 33,320,000 61,497,000 6,375,000 50,064,000 117,936,000 74,000 —————151,330,000 111,391,000 101,360,000 103,284,000 98,066,000
89.51 33.43 85.40 75.48 90.11 76.41 76.55 10.26 ———78.08 65.17 69.97 70.08 75.46
Growth: +11.73%
% Growth Rate (NPW) ..........................11.75 % of Market (NPW) .............................0.61 Earned Loss Ratio.............................78.08 Total Expense Ratio ..........................23.23 Combined Loss & Exp. Ratio ..........101.31 Return on Equity................................14.21
+$26,967,000 +$7,662,000
2005:
+$17,060,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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CREATE A BRIGHTER FUTURE. MAKE PROGRESS.
Taking on the responsibility of risk is what we do at ACE. With our expert underwriting, superior claims handling, and local market experience, you can focus on the possibilities, not the liabilities, to make progress in your business. For more on ACE Canada, visit www.ace-ina-canada.com P R O P E R T Y & C A S U A LT Y
A C C I D E N T & H E A LT H
LIFE
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ALLIANZ GLOBAL RISKS US INSURANCE COMPANY
Earned Loss Ratio %
D-US
Peter Noack, Chief Agent 1600 - 130 Adelaide St. W Toronto ON M5H 3P5 al.bosch@agr.allianz.ca Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006..........................
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
AMERICAN BANKERS INSURANCE COMPANY OF FLORIDA
D-US
5160 Yonge St., Suite 500 Northeast Tower North York ON M2N 7C7 www.assurant.com steve.phillips@assurant.com 20,210,000 20,210,000 3,357,000 7,921,000 1,145,000 5,559,000 14,625,000 1,613,000 9,123,000 13,000 13,253,000 —————62,194,000 52,935,000
15,336,000 15,336,000 1,731,000 7,364,000 1,069,000 5,132,000 13,565,000 1,310,000 8,727,000 13,000 15,639,000 —————56,321,000 39,527,000
2007 Direct Premiums Written: +$193,227,000
13,696,000 89.31 13,696,000 89.31 3,051,000 176.26 9,233,000 125.38 676,000 63.24 2,957,000 57.62 12,866,000 94.85 –883,000 –67.40 381,000 4.37 –1,775,000 –13,653.85 9,791,000 62.61 ————————37,127,000 65.92 27,805,000 70.34
Growth: +4.60%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................17.49 % of Market (NPW) .............................0.19 Earned Loss Ratio.............................65.92 Total Expense Ratio ..........................26.43 Combined Loss & Exp. Ratio ............92.35 Return on Equity..................................4.90
Reinsurance Assumed ...................4,520,000 Reinsurance Ceded ...................135,553,000 Net Premiums Written ..................62,194,000 Net Premiums Earned..................56,321,000 Net Claims & Adj Exp...................37,127,000 Commissions................................–1,012,000 Taxes .............................................5,875,000 General Expenses........................10,022,000 Undrwtg. Profit/Loss.......................4,309,000 Investment Income.........................5,607,000
Underwriting Result 2007: +$4,309,000
Class
2006:
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Surety ................................ Accident & Sickness .......... Credit Protection ................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
5,490,000 — 5,490,000 39,782,000 17,636,000 32,289,000 —————95,197,000 126,531,000 102,442,000 104,189,000 112,112,000
2007 Direct Premiums Written: +$330,716,000
2,161,000 –1,000 2,160,000 11,609,000 2,155,000 1,629,000 —————17,553,000 15,857,000 14,294,000 15,035,000 19,450,000
39.36 — 39.34 29.18 12.22 5.05 ———18.44 12.53 13.95 14.43 17.35
Growth: +16.77%
2007 Underwriting Performance Summary % Growth Rate (NPW) ........................–25.81 % of Market (NPW) .............................0.33 Earned Loss Ratio.............................18.44 Total Expense Ratio ..........................76.92 Combined Loss & Exp. Ratio ............95.36 Return on Equity..................................8.47
Reinsurance Assumed ...............................— Reinsurance Ceded ...................220,593,000 Net Premiums Written ................110,123,000 Net Premiums Earned..................95,197,000 Net Claims & Adj Exp...................17,553,000 Commissions................................25,350,000 Taxes ...........................................10,643,000 General Expenses........................37,237,000 Undrwtg. Profit/Loss.......................4,414,000 Investment Income.........................9,584,000
Underwriting Result 2007: +$4,414,000 2004: –$2,971,000
+$4,496,000
5,472,000 — 5,472,000 55,733,000 17,636,000 31,282,000 —————110,123,000 148,433,000 131,393,000 115,514,000 107,718,000
2006: 2003:
+$5,037,000 –$4,237,000
2005:
+$5,927,000
Analytics
& statistical analysis Powered by Compu-Quote Rating www.compu-quote.com Helping assess and develop marketing strategies through comparative quoting
ALLSTATE INSURANCE COMPANY OF CANADA
D-US
Michael J. Donoghue, President & Chief Executive Officer 27 Allstate Parkway Suite 100 Markham ON L3R 5P8 905-477-6900 Fax 905-475-4991 www.allstate.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
139,979,000 — 139,979,000 199,468,000 80,308,000 116,045,000 395,821,000 — —————535,800,000 514,306,000 509,372,000 547,174,000 538,254,000
135,218,000 — 135,218,000 196,250,000 79,496,000 116,171,000 391,917,000 — —————527,135,000 511,465,000 523,526,000 566,070,000 573,366,000
2007 Direct Premiums Written: +$533,659,000
78,338,000 –4,000 78,334,000 98,209,000 72,438,000 75,431,000 246,078,000 10,599,000 —————335,011,000 302,880,000 266,387,000 304,097,000 433,771,000
57.93 — 57.93 50.04 91.12 64.93 62.79 — ———63.55 59.22 50.88 53.72 75.65
Growth: +4.12%
Underwriting Result 2007: +$43,855,000 2004: +$112,202,000 84
2006: 2003:
B-US
Gary A. McMillan, Chief Agent 145 Wellington St. W. Toronto ON M5J 1H8 416-596-3000 Fax 416-977-2743 Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
145,248,000 145,248,000 4,833,000 16,466,000 5,193,000 5,088,000 26,747,000 1,820,000 –15,000 16,330,000 252,496,000 3,096,000 1,039,000 69,339,000 —————520,933,000 527,652,000 503,012,000 515,089,000 527,317,000
140,980,000 140,980,000 4,991,000 16,107,000 4,742,000 4,552,000 25,401,000 1,876,000 –15,000 17,678,000 263,396,000 1,864,000 770,000 67,401,000 —————524,342,000 525,187,000 541,453,000 518,955,000 397,918,000
2007 Direct Premiums Written: +$863,942,000
101,725,000 101,725,000 1,876,000 12,742,000 –3,049,000 2,995,000 12,688,000 –91,000 –48,000 8,783,000 137,608,000 –76,000 229,000 35,385,000 —————298,079,000 335,971,000 374,633,000 334,595,000 255,860,000
72.16 72.16 37.59 79.11 –64.30 65.80 49.95 –4.85 320.00 49.68 52.24 –4.08 29.74 52.50 ———56.85 63.97 69.19 64.47 64.30
Growth: +3.39%
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary Reinsurance Assumed ...................2,141,000 Reinsurance Ceded....................................— Net Premiums Written ................535,800,000 Net Premiums Earned................527,135,000 Net Claims & Adj Exp.................335,011,000 Commissions................................42,132,000 Taxes ...........................................16,595,000 General Expenses......................101,672,000 Undrwtg. Profit/Loss.....................43,855,000 Investment Income.......................71,152,000
AMERICAN HOME ASSURANCE COMPANY
% Growth Rate (NPW) ............................4.18 % of Market (NPW) .............................1.61 Earned Loss Ratio.............................63.55 Total Expense Ratio ..........................30.43 Combined Loss & Exp. Ratio ............93.98 Return on Equity................................21.82
+$65,754,000 –$2,046,000
2005: +$118,495,000
Reinsurance Assumed .................33,665,000 Reinsurance Ceded ...................376,674,000 Net Premiums Written ................520,933,000 Net Premiums Earned................524,342,000 Net Claims & Adj Exp.................298,079,000 Commissions................................16,867,000 Taxes ...........................................26,955,000 General Expenses........................42,678,000 Undrwtg. Profit/Loss...................139,763,000 Investment Income.......................82,032,000
Underwriting Result 2007: +$139,763,000 2004: +$133,117,000
% Growth Rate (NPW) ..........................–1.27 % of Market (NPW) .............................1.56 Earned Loss Ratio.............................56.85 Total Expense Ratio ..........................16.50 Combined Loss & Exp. Ratio ............73.35 Return on Equity................................13.92
2006: +$105,835,000 2003: +$98,838,000
2005: +$101,878,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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AIG PASSPORT. INSURANCE THAT SPEAKS THE LOCAL LANGUAGE. SM
AIG Passport helps businesses secure a coordinated, global insurance program with locally admitted policies for their international operations. With operations in more than 130 countries and jurisdictions, the AIG companies® deliver critical protection to appropriately address indigenous tax, regulatory, insurance, customs and language differences around the globe. AIG Passport is currently available for the following coverages: • Accident & Health • Directors & Officers • Errors & Omissions
• Excess Casualty • Fidelity • General Liability
The AIG companies’ local claims handling expertise, financial strength and AIG Passport spell protection in any language.
VANCOUVER 666 Burrard Street, Suite 1100 Vancouver, BC V6C 2X8 604.684.1514
TORONTO
MONTREAL th
145 Wellington Street West, 14 Floor Toronto, ON M5J 1H8 416.596.3000
2000 McGill College Ave., Suite 1200 Montreal, QC H3A 3H3 514.842.0603
Insurance coverage provided by subsidiaries of American International Group, Inc. (AIG). Issuance of coverage is subject to underwriting. Please refer to the policy for a complete description of scope and limitations of coverage.
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Earned Loss Ratio %
AMERICAN ROAD INSURANCE COMPANY
Total 2007.......................... Total 2006.......................... Total 2005..........................
7,504,000 7,504,000 —————7,504,000 6,741,000 7,994,000
7,504,000 7,504,000 —————7,504,000 6,741,000 7,994,000
D-US
8,993,000 8,993,000 —————8,993,000 8,178,000 5,569,000
2007 Direct Premiums Written: +$7,504,000
119.84 119.84 ———119.84 121.32 69.66
Growth: +11.32%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................11.32 % of Market (NPW) .............................0.02 Earned Loss Ratio...........................119.84 Total Expense Ratio ..........................11.58 Combined Loss & Exp. Ratio ..........131.42 Return on Equity..................................7.25
Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ....................7,504,000 Net Premiums Earned....................7,504,000 Net Claims & Adj Exp.....................8,993,000 Commissions ..............................................— Taxes ................................................336,000 General Expenses.............................533,000 Undrwtg. Profit/Loss.....................–2,358,000 Investment Income............................703,000
Underwriting Result 2007: –$2,358,000
2006:
–$2,163,000
2005:
+$1,515,000
D-C
Earned Loss Ratio %
B-F
Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Marine................................ Other Apprvd. Prod............ Total 2007.......................... Total 2006.......................... Total 2005..........................
4,065,000 4,065,000 1,169,000 226,000 157,000 54,000 437,000 14,104,000 104,000 2,629,000 —————22,508,000 17,858,000 14,154,000
4,223,000 4,223,000 1,227,000 125,000 93,000 48,000 266,000 11,874,000 128,000 2,056,000 —————19,774,000 14,169,000 6,557,000
3,681,000 3,681,000 1,449,000 151,000 1,000 3,000 155,000 4,431,000 266,000 941,000 —————10,923,000 10,839,000 5,362,000
2007 Direct Premiums Written: +$46,143,000
2,869,000 2,869,000 295,000 —————3,164,000 2,967,000 2,841,000 2,536,000 2,244,000
2,773,000 2,773,000 279,000 —————3,052,000 2,928,000 2,623,000 2,319,000 2,031,000
1,768,000 1,768,000 54,000 —————1,822,000 1,391,000 1,219,000 1,217,000 1,095,000
63.76 63.76 19.35 ———59.70 47.51 46.47 52.48 53.91
Growth: +5.11%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,173,000 Net Premiums Written ....................3,164,000 Net Premiums Earned....................3,052,000 Net Claims & Adj Exp.....................1,822,000 Commissions.....................................605,000 Taxes ..................................................46,000 General Expenses.............................942,000 Undrwtg. Profit/Loss........................–344,000 Investment Income............................984,000
Underwriting Result 2007: –$344,000 2004: –$108,000
2006: 2003:
% Growth Rate (NPW) ............................6.64 % of Market (NPW) .............................0.01 Earned Loss Ratio.............................59.70 Total Expense Ratio ..........................52.20 Combined Loss & Exp. Ratio ..........111.90 Return on Equity..................................6.22
+$64,000 –$146,000
2005:
+$105,000
Convenience
Get connected to high speed sales
87.17 87.17 118.09 120.80 1.08 6.25 58.27 37.32 207.81 45.77 ———55.24 76.50 81.78
Growth: 0.00%
% Growth Rate (NPW) ..........................26.04 % of Market (NPW) .............................0.07 Earned Loss Ratio.............................55.24 Total Expense Ratio ..........................22.29 Combined Loss & Exp. Ratio ............77.53 Return on Equity .....................................—
Reinsurance Assumed ...................4,854,000 Reinsurance Ceded .....................28,489,000 Net Premiums Written ..................22,508,000 Net Premiums Earned..................19,774,000 Net Claims & Adj Exp...................10,923,000 Commissions................................–3,333,000 Taxes .............................................1,382,000 General Expenses..........................6,359,000 Undrwtg. Profit/Loss.......................4,443,000 Investment Income.........................2,000,000
2006:
–$772,000
2005:
–$2,884,000
AXA CANADA INC. — GROUP OF COMPANIES
2007 Direct Premiums Written: +$4,337,000
Powered by Compu-Quote
Real-time online quoting www.compu-quote.com 86
Net Claims and Adjusting Expenses $
Michael Baxter, Chief Executive Officer 95 Wellington St W Toronto ON M5J 2N7 416-309-8100 Fax 416-309-8150 www.archinsurance.com
Underwriting Result 2007: +$4,443,000
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
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Net Premiums Earned $
2007 Underwriting Performance Summary
ANTIGONISH FARMERS’ MUTUAL INSURANCE COMPANY
Prop. - Personal................. Prop. - Total ....................... Liability...............................
Net Premiums Written $
ARCH INSURANCE COMPANY
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 Auto. - Other ...................... Auto. - Total .......................
Class
(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, President & Chief Executive Officer 2020 University St., Suite 700 Montreal PQ H3A 2A5 514-282-1914 Fax 514-282-9871 www.axa.ca Prop. - Personal................. 246,596,000 221,967,000 Prop. - Commercial............ 280,599,000 272,041,000 Prop. - Total ....................... 527,195,000 494,008,000 Auto. - Liability ................... 284,543,000 272,161,000 Auto. - Pers. Acc................ 69,642,000 68,633,000 Auto. - Other ...................... 330,631,000 304,304,000 Auto. - Total ....................... 684,816,000 645,098,000 Boiler & Machinery ............ 12,299,000 11,753,000 Fidelity ............................... 4,973,000 4,965,000 Hail .................................... 168,000 168,000 Legal Expense ................... 1,031,000 1,007,000 Liability............................... 221,521,000 220,489,000 Surety ................................ 40,663,000 40,524,000 Marine................................ 31,540,000 31,744,000 Accident & Sickness .......... 3,216,000 2,909,000 ——————————Total 2007.......................... 1,527,422,000 1,452,665,000 Total 2006.......................... 1,427,471,000 1,443,365,000 Total 2005.......................... 1,236,885,000 1,158,558,000 Total 2004.......................... 1,136,332,000 1,124,798,000 Total 2003.......................... 1,118,893,000 1,070,219,000
B-F
152,555,000 147,206,000 299,761,000 136,924,000 63,535,000 180,332,000 380,791,000 1,207,000 639,000 29,000 42,000 80,765,000 12,556,000 19,105,000 1,672,000 —————796,567,000 828,254,000 677,329,000 701,372,000 714,872,000
2007 Direct Premiums Written: +$1,583,760,000
68.73 54.11 60.68 50.31 92.57 59.26 59.03 10.27 12.87 17.26 4.17 36.63 30.98 60.18 57.48 ———54.83 57.38 58.46 62.36 66.80
Growth: +4.88%
2007 Underwriting Performance Summary Reinsurance Assumed ...................9,990,000 Reinsurance Ceded .....................66,328,000 Net Premiums Written .............1,527,422,000 Net Premiums Earned.............1,452,665,000 Net Claims & Adj Exp.................796,567,000 Commissions..............................253,952,000 Taxes ...........................................49,453,000 General Expenses......................181,025,000 Undrwtg. Profit/Loss...................171,669,000 Investment Income.....................111,471,000
Underwriting Result 2007: +$171,669,000 2004: +$48,586,000
% Growth Rate (NPW) ............................7.00 % of Market (NPW) .............................4.58 Earned Loss Ratio.............................54.83 Total Expense Ratio ..........................33.35 Combined Loss & Exp. Ratio ............88.18 Return on Equity................................17.25
2006: +$141,230,000 2003: +$12,445,000
2005:
+$97,272,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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World-Class products â&#x20AC;&#x201C; now available in every flavour. Sweet! Few insurance companies in Canada offer an array of expertise as wide as AXAâ&#x20AC;&#x2122;s. Our Auto, Home, Commercial, Art, Surety, Marine, Critical Illness and Life Insurance products are among the most innovative in the marketplace.
Our approach and commitment is consistently simple; to offer and deliver Financial Protection for your clients by way of our unparalleled products. AXA, your partner in the Financial Protection of your clients. www.axa.ca
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Net Claims and Adjusting Expenses $
AVIVA CANADA INC.
Earned Loss Ratio %
545,291,000 346,238,000 891,529,000 778,083,000 334,946,000 592,916,000 1,705,945,000 21,734,000 1,121,000 287,878,000 25,579,000 — 1,471,000 —————2,935,257,000 2,883,194,000 2,877,559,000 2,852,830,000 2,562,696,000
347,167,000 192,155,000 539,322,000 454,808,000 376,559,000 370,097,000 1,201,464,000 4,691,000 342,000 184,190,000 1,963,000 –68,000 637,000 —————1,932,541,000 1,895,819,000 1,875,041,000 1,901,201,000 1,851,916,000
2007 Direct Premiums Written: +$3,155,203,000
63.67 55.50 60.49 58.45 112.42 62.42 70.43 21.58 30.51 63.98 7.67 — 43.30 ———65.84 65.75 65.16 66.64 72.26
Growth: +3.53%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................4.10 % of Market (NPW) .............................9.06 Earned Loss Ratio.............................65.84 Total Expense Ratio ..........................33.16 Combined Loss & Exp. Ratio ............99.00 Return on Equity................................34.35
Reinsurance Assumed .................28,476,000 Reinsurance Ceded ...................162,676,000 Net Premiums Written .............3,021,014,000 Net Premiums Earned.............2,935,257,000 Net Claims & Adj Exp..............1,932,541,000 Commissions..............................562,144,000 Taxes .........................................100,558,000 General Expenses......................310,488,000 Undrwtg. Profit/Loss.....................29,526,000 Investment Income.....................529,681,000
2006: 2003:
Prop. - Commercial............ Prop. - Total ....................... Boiler & Machinery ............ Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
2005:
+$94,594,000
BCAA INSURANCE CORPORATION
D-C
Daniel Mirkovic, Vice President Product 4567 Canada Way Burnaby BC V5G 4T1 604-268-5000 Fax 604-268-5557 www.bcaa.com info@bcaa.bc.ca
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
88
2006:
2,107,000 2,107,000 17,538,000 — —————19,645,000 18,690,000 16,515,000 18,413,000 20,629,000
39.09 39.09 21.97 — ———23.05 21.62 19.44 21.86 27.90
Growth: –4.90%
% Growth Rate (NPW) ..........................–0.13 % of Market (NPW) .............................0.26 Earned Loss Ratio.............................23.05 Total Expense Ratio ..........................50.69 Combined Loss & Exp. Ratio ............73.74 Return on Equity................................25.57
Reinsurance Assumed .................57,756,000 Reinsurance Ceded .....................15,174,000 Net Premiums Written ..................85,795,000 Net Premiums Earned..................85,232,000 Net Claims & Adj Exp...................19,645,000 Commissions................................22,487,000 Taxes .............................................1,591,000 General Expenses........................19,125,000 Undrwtg. Profit/Loss.....................22,384,000 Investment Income.........................6,055,000
Underwriting Result 2007: +$22,384,000 2004: +$26,146,000
2006: 2003:
+$24,681,000 +$18,272,000
2005:
+$26,825,000
B-UK
Giuseppe Zigrossi, Chief Agent 100 Renfrew Dr., Suite 200 Markham ON L3R 9R6 905-479-2244 Fax 905-479-0751
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
–13,000 — —————–13,000 –8,000 5,000 43,000 –91,000
–13,000 — —————–13,000 –8,000 5,000 43,000 –91,000
–10,000 76.92 –190,000 — ————————–200,000 1,538.46 –107,000 1,337.50 –681,000 –13,620.00 –1,059,000 –2,462.79 1,257,000 –1,381.32
Growth: –200.00%
2007 Underwriting Performance Summary 15,955,000 15,955,000 461,000 461,000 1,729,000 —————18,145,000 15,825,000 13,806,000 12,015,000 11,205,000
9,549,000 9,549,000 409,000 409,000 260,000 —————10,218,000 7,289,000 6,529,000 5,430,000 5,999,000
59.85 59.85 88.72 88.72 15.04 ———56.31 46.06 47.29 45.19 53.54
Growth: +11.49%
2007 Underwriting Performance Summary
Underwriting Result 2007: –$1,759,000 2004: –$1,287,000
Earned Loss Ratio %
2007 Underwriting Performance Summary
2007 Direct Premiums Written: –$3,000
2007 Direct Premiums Written: +$74,618,000
Reinsurance Assumed ...............................— Reinsurance Ceded .....................55,274,000 Net Premiums Written ..................19,344,000 Net Premiums Earned..................18,145,000 Net Claims & Adj Exp...................10,218,000 Commissions................................–6,282,000 Taxes .............................................3,056,000 General Expenses........................13,902,000 Undrwtg. Profit/Loss.....................–1,759,000 Investment Income.........................1,974,000
5,390,000 5,390,000 79,841,000 1,000 —————85,232,000 86,459,000 84,967,000 84,217,000 73,945,000
BRITISH AVIATION INSURANCE COMPANY LIMITED
+$77,149,000 –$46,359,000
17,151,000 17,151,000 473,000 473,000 1,720,000 —————19,344,000 17,767,000 14,798,000 12,840,000 11,592,000
5,587,000 5,587,000 80,207,000 1,000 —————85,795,000 85,904,000 85,757,000 86,166,000 81,876,000
2007 Direct Premiums Written: +$40,329,000
Aircraft ............................... Liability...............................
Prop. - Personal................. Prop. - Total ....................... Auto. - Other ...................... Auto. - Total ....................... Accident & Sickness ..........
Net Claims and Adjusting Expenses $
Hans Schols, President & C.E.O. 250 Yonge St Suite 3000 Toronto ON M5B 2L7 416-363-5491 Fax 416-363-0538 www.biico.com corporate@biico.com
Robin Spencer, President & Chief Executive Officer 2206 Eglinton Ave. E. Scarborough ON M1L 4S8 416-288-1800 Fax 416-288-9756 www.avivacanada.com
Underwriting Result 2007: +$29,526,000 2004: +$85,525,000
Net Premiums Earned $
B-UK THE BOILER INSPECTION AND INSURANCE COMPANY OF CANADA B-US
Aviva Insurance Company Of Canada Traders General Insurance Company Scottish & York Insurance Co. Limited Elite Insurance Company S & Y Insurance Company Pilot Insurance Company
Prop. - Personal................. 601,129,000 Prop. - Commercial............ 360,217,000 Prop. - Total ....................... 961,346,000 Auto. - Liability ................... 784,840,000 Auto. - Pers. Acc................ 325,495,000 Auto. - Other ...................... 591,756,000 Auto. - Total ....................... 1,702,091,000 Boiler & Machinery ............ 23,012,000 Fidelity ............................... 1,294,000 Liability............................... 305,051,000 Surety ................................ 26,791,000 Marine................................ — Accident & Sickness .......... 1,429,000 —————Total 2007.......................... 3,021,014,000 Total 2006.......................... 2,902,095,000 Total 2005.......................... 2,911,926,000 Total 2004.......................... 2,859,589,000 Total 2003.......................... 2,766,812,000
Net Premiums Written $
Class
% Growth Rate (NPW) ............................8.88 % of Market (NPW) .............................0.06 Earned Loss Ratio.............................56.31 Total Expense Ratio ..........................58.84 Combined Loss & Exp. Ratio ..........115.15 Return on Equity..................................0.88
+$373,000
2005:
–$963,000
Reinsurance Assumed ...............................— Reinsurance Ceded ............................10,000 Net Premiums Written .......................–13,000 Net Premiums Earned.......................–13,000 Net Claims & Adj Exp......................–200,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................150,000 Undrwtg. Profit/Loss............................37,000 Investment Income............................123,000
Underwriting Result 2007: +$37,000 2004: +$948,000
2006: 2003:
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% Growth Rate (NPW) ..........................62.50 % of Market (NPW) ...........................–0.00 Earned Loss Ratio........................1,538.46 Total Expense Ratio ...................–1,153.85 Combined Loss & Exp. Ratio ..........384.61 Return on Equity..................................3.13
–$52,000 –$1,505,000
2005:
+$542,000
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 82-108 UNDERWRITER-1.chp
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10:01 AM
Page 89
MORE THAN JUST “THE BOILER GUYS”.
When our doors first opened in 1875, we pioneered boiler insurance at a time when exploding boilers were a threat to lives and businesses. But today’s world is very different. And so are we. We’re still Canada’s recognized leader in equipment breakdown insurance, but we’re more than just “The Boiler Guys”. We’re keeping pace with today’s changing technologies to meet the needs of every type of business. Our unique and innovative products include:
• Reinsurance products • Equipment breakdown insurance • Construction insurance • Property insurance Since our founding over 130 years ago, BI&I has developed a culture that values technical expertise. Engineering knowledge and experience enables us to understand the causes of loss. We then recommend risk management and loss prevention solutions that help our customers reduce losses and improve their results.
Find out more www.biico.com. Canada’s most reliable source for engineering-based insurance
p 82-108 UNDERWRITER-1.chp
Class
5/9/08
Net Premiums Written $
10:01 AM
Net Premiums Earned $
Page 90
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
CAA INSURANCE COMPANY (ONTARIO)
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
D-C Suite 600-750 Cambie Street Vancouver BC V6B 0A2 604-699-3838 Fax 604-699-3860 canadiandirect.com insurancegeneral@canadiandirect.com
18,545,000 18,545,000 38,782,000 29,234,000 22,868,000 90,884,000 602,000 —————110,031,000 107,414,000 111,757,000 128,649,000 129,043,000
18,418,000 18,418,000 38,233,000 29,082,000 23,078,000 90,393,000 648,000 —————109,459,000 109,759,000 114,379,000 124,901,000 119,754,000
9,329,000 9,329,000 32,876,000 18,957,000 13,665,000 65,498,000 201,000 —————75,028,000 76,658,000 83,413,000 91,755,000 105,832,000
2007 Direct Premiums Written: +$115,541,000
50.65 50.65 85.99 65.18 59.21 72.46 31.02 ———68.54 69.84 72.93 73.46 88.37
Growth: +1.85%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................2.44 % of Market (NPW) .............................0.33 Earned Loss Ratio.............................68.54 Total Expense Ratio ..........................34.92 Combined Loss & Exp. Ratio ..........103.46 Return on Equity..................................8.15
Reinsurance Assumed ...............................— Reinsurance Ceded .......................5,510,000 Net Premiums Written ................110,031,000 Net Premiums Earned................109,459,000 Net Claims & Adj Exp...................75,028,000 Commissions.......................................–2,000 Taxes .............................................3,589,000 General Expenses........................34,633,000 Undrwtg. Profit/Loss.....................–1,667,000 Investment Income.......................10,250,000
Underwriting Result 2007: –$1,667,000 2004: +$2,746,000
Net Premiums Written $
D-C
N.J. Parks, President 60 Commerce Valley Dr. E. Thornhill ON L3T 7P9 905-771-3000 Fax 905-771-3101
Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Accident & Sickness ..........
Class
2006: 2003:
–$380,000 –$16,238,000
2005:
+$1,326,000
Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
19,653,000 19,653,000 27,042,000 2,573,000 47,725,000 77,340,000 778,000 —————97,771,000 85,164,000 69,923,000 49,456,000 41,824,000
18,341,000 18,341,000 25,931,000 2,428,000 47,467,000 75,826,000 747,000 —————94,914,000 81,675,000 65,847,000 44,198,000 36,135,000
16,094,000 16,094,000 15,499,000 1,367,000 29,904,000 46,770,000 831,000 —————63,695,000 53,845,000 42,802,000 28,957,000 23,957,000
2007 Direct Premiums Written: +$104,829,000
Growth: +4.59%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................14.80 % of Market (NPW) .............................0.29 Earned Loss Ratio.............................67.11 Total Expense Ratio ..........................27.13 Combined Loss & Exp. Ratio ............94.24 Return on Equity................................19.78
Reinsurance Assumed ...............................— Reinsurance Ceded .......................7,058,000 Net Premiums Written ..................97,771,000 Net Premiums Earned..................94,914,000 Net Claims & Adj Exp...................63,695,000 Commissions.....................................643,000 Taxes .............................................4,027,000 General Expenses........................21,077,000 Undrwtg. Profit/Loss.......................6,785,000 Investment Income.........................4,479,000
Underwriting Result 2007: +$6,785,000 2004: +$2,995,000
2006: 2003:
+$6,902,000 +$239,000
2005:
+$5,557,000
CHUBB INSURANCE COMPANY OF CANADA D-C John Strome, President Directeur General 525, boul. Rene-Levesque Est, 6eme etage, CP Box 17100 Quebec PQ G1K 9E2 418-266-9525 Fax 418-266-3467 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Legal Expense ................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
108,877,000 12,433,000 121,310,000 91,819,000 2,764,000 136,551,000 231,134,000 5,188,000 8,733,000 223,000 —————366,588,000 344,202,000 325,992,000 304,362,000 267,104,000
103,035,000 11,968,000 115,003,000 90,962,000 2,750,000 135,271,000 228,983,000 5,127,000 2,918,000 563,000 —————352,594,000 332,390,000 316,281,000 285,153,000 251,534,000
70,458,000 3,931,000 74,389,000 61,169,000 1,852,000 90,895,000 153,916,000 3,135,000 1,199,000 6,000 —————232,645,000 231,606,000 225,542,000 188,969,000 165,624,000
2007 Direct Premiums Written: +$376,645,000
68.38 32.85 64.68 67.25 67.35 67.19 67.22 61.15 41.09 1.07 ———65.98 69.68 71.31 66.27 65.85
Growth: +6.03%
2007 Underwriting Performance Summary Reinsurance Assumed ......................156,000 Reinsurance Ceded .....................10,213,000 Net Premiums Written ................366,588,000 Net Premiums Earned................352,594,000 Net Claims & Adj Exp.................232,645,000 Commissions..................................9,437,000 Taxes ...........................................12,086,000 General Expenses........................68,640,000 Undrwtg. Profit/Loss.....................29,360,000 Investment Income.......................11,553,000
Underwriting Result 2007: +$29,360,000 2004: +$22,946,000 90
2006: 2003:
87.75 87.75 59.77 56.30 63.00 61.68 111.24 ———67.11 65.93 65.00 65.52 66.30
B-US
Ellen J. Moore, President One Financial Place, 1 Adelaide St. E. Toronto ON M5C 2V9 416-863-0550 Fax 416-863-3144 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
193,645,000 61,263,000 254,908,000 –3,000 28,112,000 6,810,000 27,116,000 62,038,000 5,626,000 — 20,732,000 212,711,000 7,307,000 5,320,000 9,793,000 —————578,432,000 601,142,000 582,547,000 567,762,000 565,124,000
185,605,000 63,980,000 249,585,000 –3,000 28,744,000 6,874,000 27,311,000 62,929,000 5,827,000 — 21,787,000 231,747,000 5,292,000 4,949,000 8,636,000 —————590,749,000 594,038,000 563,646,000 557,255,000 506,252,000
90,487,000 17,199,000 107,686,000 2,000 16,577,000 2,477,000 16,875,000 35,929,000 1,683,000 –302,000 10,205,000 126,544,000 546,000 174,000 4,413,000 —————286,880,000 282,855,000 375,322,000 339,276,000 241,663,000
2007 Direct Premiums Written: +$648,547,000
48.75 26.88 43.15 –66.67 57.67 36.03 61.79 57.09 28.88 — 46.84 54.60 10.32 3.52 51.10 ———48.56 47.62 66.59 60.88 47.74
Growth: –3.69%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................6.50 % of Market (NPW) .............................1.10 Earned Loss Ratio.............................65.98 Total Expense Ratio ..........................25.57 Combined Loss & Exp. Ratio ............91.55 Return on Equity................................18.41
+$16,069,000 +$20,546,000
2005:
+$11,871,000
Reinsurance Assumed .................10,993,000 Reinsurance Ceded .....................90,196,000 Net Premiums Written ................578,432,000 Net Premiums Earned................590,749,000 Net Claims & Adj Exp.................286,880,000 Commissions................................80,577,000 Taxes ...........................................21,636,000 General Expenses........................79,811,000 Undrwtg. Profit/Loss...................121,845,000 Investment Income.......................66,888,000
Underwriting Result 2007: +$121,845,000 2004: +$52,402,000
% Growth Rate (NPW) ..........................–3.78 % of Market (NPW) .............................1.73 Earned Loss Ratio.............................48.56 Total Expense Ratio ..........................30.81 Combined Loss & Exp. Ratio ............79.37 Return on Equity................................19.38
2006: +$133,860,000 2003: +$99,753,000
2005:
+$21,532,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 82-108 UNDERWRITER-1.chp
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10:05 AM
Page 91
risk: n. possibility of loss or injury. The better and more precise the insurance, the less the risk for you and your clients. Chubb Insurance better defines its insurance to better reduce risk. Chubbâ&#x20AC;&#x2122;s industry leading knowledge helps you understand even the most difficult risks.
When you fully define the risks, Chubb is your recommendation.
Chubb Defines Insurance www.chubbinsurance.com Chubb Insurance refers to Chubb Insurance Company of Canada. The precise coverage offered is subject to the terms, conditions and exclusions of the policy as issued.
p 82-108 UNDERWRITER-1.chp
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Net Claims and Adjusting Expenses $
Earned Loss Ratio %
B-C
Net Premiums Written $
Class
Net Premiums Earned $
Net Claims and Adjusting Expenses $
CLARE MUTUAL INSURANCE COMPANY
Earned Loss Ratio %
D-C
Belliveau Cove Digby County NS B0W 1J0 902-837-4597 Fax 902-837-7745 Ken Keenan, President P.O. Box 12133, 1900-555 West Hastings St. Vancouver BC V6B 4N6 604-662-2911 Fax 604-662-5698 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
37,480,000 12,342,000 49,822,000 6,046,000 18,933,000 24,979,000 1,000 221,000 22,580,000 132,000 —————97,735,000 110,684,000 96,804,000 95,889,000 79,168,000
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Liability............................... 38,749,000 12,450,000 51,199,000 6,509,000 20,172,000 26,681,000 1,000 238,000 23,811,000 153,000 —————102,083,000 105,824,000 94,972,000 89,673,000 82,394,000
24,547,000 8,053,000 32,600,000 3,000,000 14,289,000 17,289,000 — 14,000 8,701,000 12,000 —————58,616,000 65,780,000 57,032,000 53,824,000 47,598,000
2007 Direct Premiums Written: +$155,881,000
63.35 64.68 63.67 46.09 70.84 64.80 — 5.88 36.54 7.84 ———57.42 62.16 60.05 60.02 57.77
Growth: –4.79%
2007 Underwriting Performance Summary % Growth Rate (NPW) ........................–11.70 % of Market (NPW) .............................0.29 Earned Loss Ratio.............................57.42 Total Expense Ratio ..........................42.97 Combined Loss & Exp. Ratio ..........100.39 Return on Equity................................24.40
Reinsurance Assumed ...............................— Reinsurance Ceded .....................58,146,000 Net Premiums Written ..................97,735,000 Net Premiums Earned................102,083,000 Net Claims & Adj Exp...................58,616,000 Commissions................................20,728,000 Taxes .............................................6,949,000 General Expenses........................16,187,000 Undrwtg. Profit/Loss........................–397,000 Investment Income.........................1,596,000
Underwriting Result 2007: –$397,000 2004: –$365,000
2006: 2003:
–$3,817,000 –$4,969,000
2005:
+$145,000
CENTENNIAL INSURANCE COMPANY B-US Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-703-1734 Fax 416-703-8195 Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Liability............................... Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— — — — — —————— 43,000 75,000 1,984,000 6,561,000
— — — — — —————— 46,000 98,000 5,086,000 5,531,000
–30,000 –13,000 –13,000 –411,000 –774,000 —————–1,228,000 –579,000 –424,000 3,283,000 2,841,000
— — — — — ———— –1,258.70 –432.65 64.55 51.37
Underwriting Result 2007: +$922,000 2004: –$143,000
2006: 2003:
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................
648,000 194,000 842,000 83,000 —————925,000 868,000 800,000 819,000
228,000 96,000 324,000 66,000 —————390,000 211,000 343,000 192,000
2007 Direct Premiums Written: +$2,305,000
35.19 49.48 38.48 79.52 ———42.16 24.31 42.88 23.44
Growth: +5.49%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................7.15 % of Market (NPW) .............................0.00 Earned Loss Ratio.............................42.16 Total Expense Ratio ..........................61.19 Combined Loss & Exp. Ratio ..........103.35 Return on Equity..................................5.20
Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,346,000 Net Premiums Written .......................959,000 Net Premiums Earned.......................925,000 Net Claims & Adj Exp........................390,000 Commissions.......................................–7,000 Taxes..........................................................— General Expenses.............................573,000 Undrwtg. Profit/Loss..........................–31,000 Investment Income............................120,000
Underwriting Result 2007: –$31,000 2004: +$72,000
2006:
+$232,000
2005:
CNA CANADA
+$17,000
B-US
CONTINENTAL CASUALTY COMPANY Andrew P Hall, Chief Agent, President & COO 250 Yonge St., Suite 1500 Toronto ON M5B 2L7 416-542-7300 Fax 416-542-7360 www.cnacanada.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
60,000 45,066,000 45,126,000 2,000 5,380,000 600,000 5,463,000 11,443,000 60,000 — 694,000 — 143,045,000 — 31,634,000 —————232,004,000 231,248,000 238,576,000 208,578,000 207,916,000
60,000 44,439,000 44,499,000 2,000 4,559,000 566,000 5,744,000 10,869,000 49,000 — 598,000 — 139,642,000 — 30,120,000 —————225,779,000 230,605,000 229,933,000 209,739,000 196,344,000
184,000 306.67 15,982,000 35.96 16,166,000 36.33 –343,000 –17,150.00 5,214,000 114.37 673,000 118.90 5,725,000 99.67 11,612,000 106.84 –44,000 –89.80 57,000 — –302,000 –50.50 3,000 — 76,261,000 54.61 29,000 — 21,190,000 70.35 ————————124,629,000 55.20 117,745,000 51.06 127,737,000 55.55 126,359,000 60.25 126,076,000 64.21
2007 Direct Premiums Written: +$251,678,000
Growth: +2.33%
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp...................–1,228,000 Commissions ..............................................— Taxes ....................................................2,000 General Expenses.............................304,000 Undrwtg. Profit/Loss..........................922,000 Investment Income............................545,000
680,000 194,000 874,000 85,000 —————959,000 895,000 853,000 900,000
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity................................14.81
+$262,000 +$205,000
2005:
+$95,000
Reinsurance Assumed ......................701,000 Reinsurance Ceded .....................20,375,000 Net Premiums Written ................232,004,000 Net Premiums Earned................225,779,000 Net Claims & Adj Exp.................124,629,000 Commissions................................45,996,000 Taxes .............................................7,171,000 General Expenses........................20,332,000 Undrwtg. Profit/Loss.....................27,651,000 Investment Income.......................31,168,000
Underwriting Result 2007: +$27,651,000 2004: +$13,663,000
2006: 2003:
% Growth Rate (NPW) ............................0.33 % of Market (NPW) .............................0.70 Earned Loss Ratio.............................55.20 Total Expense Ratio ..........................32.55 Combined Loss & Exp. Ratio ............87.75 Return on Equity................................14.26
+$40,003,000 +$2,771,000
2005:
+$26,325,000
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 82-108 UNDERWRITER-1.chp
5/9/08
Net Premiums Written $
Class
10:05 AM
Net Premiums Earned $
Page 93
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
COMMERCE & INDUSTRY INSURANCE CO-OPERATIVE HAIL INSURANCE COMPANY OF CANADA B-US COMPANY LIMITED Gary A. McMillan, General Manager 145 Wellington St. W. Toronto ON M5J 1H8 416-596-3000 Fax 416-977-2743 Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
–165,000 –165,000 1,682,000 75,000 120,000 1,877,000 — 74,317,000 506,000 —————76,535,000 107,632,000 132,728,000 126,520,000 99,384,000
–32,000 –32,000 1,893,000 38,000 61,000 1,992,000 66,000 91,301,000 150,000 —————93,477,000 120,934,000 129,878,000 106,556,000 80,208,000
4,000 4,000 800,000 –32,000 29,000 797,000 2,000 41,252,000 –260,000 —————41,795,000 77,792,000 86,033,000 74,099,000 56,659,000
–12.50 –12.50 42.26 –84.21 47.54 40.01 3.03 45.18 –173.33 ———44.71 64.33 66.24 69.54 70.64
Growth: –28.15%
2007 Underwriting Performance Summary Reinsurance Assumed ......................123,000 Reinsurance Ceded .....................43,432,000 Net Premiums Written ..................76,535,000 Net Premiums Earned..................93,477,000 Net Claims & Adj Exp...................41,795,000 Commissions..................................9,173,000 Taxes .............................................4,548,000 General Expenses..........................7,483,000 Undrwtg. Profit/Loss.....................30,478,000 Investment Income.......................22,367,000
2006: 2003:
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
2007 Direct Premiums Written: +$119,581,000
Underwriting Result 2007: +$30,478,000 2004: +$15,865,000
Earned Loss Ratio %
% Growth Rate (NPW) ........................–28.89 % of Market (NPW) .............................0.23 Earned Loss Ratio.............................44.71 Total Expense Ratio ..........................22.68 Combined Loss & Exp. Ratio ............67.39 Return on Equity................................16.14
+$19,092,000 +$11,205,000
2005:
Hail .................................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
20,282,000 —————20,282,000 15,430,000 20,998,000 15,877,000 15,776,000
20,282,000 —————20,282,000 15,430,000 20,998,000 15,877,000 15,776,000
2007 Direct Premiums Written: +$35,080,000
22,084,000 —————22,084,000 16,252,000 17,037,000 9,861,000 10,827,000
108.88 ———108.88 105.33 81.14 62.11 68.63
Growth: +26.26%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................14,798,000 Net Premiums Written ..................20,282,000 Net Premiums Earned..................20,282,000 Net Claims & Adj Exp...................22,084,000 Commissions..................................1,133,000 Taxes .............................................1,052,000 General Expenses..........................1,945,000 Undrwtg. Profit/Loss.....................–5,932,000 Investment Income.........................2,183,000
Underwriting Result 2007: –$5,932,000 2004: +$2,920,000
2006: 2003:
% Growth Rate (NPW) ..........................31.45 % of Market (NPW) .............................0.06 Earned Loss Ratio...........................108.88 Total Expense Ratio ..........................20.36 Combined Loss & Exp. Ratio ..........129.24 Return on Equity..............................–12.67
–$4,051,000 –$1,504,000
2005:
–$233,000
+$21,398,000
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www.cnacanada.ca One or more of the CNA insurance companies underwrite the products and services described. Information is for illustrative purposes only and is not a contract. This document is intended to provide a general overview of products and services described. Remember that only the policy can provide the actual description, terms, conditions and exclusions. All coverages not available in all provinces. CNA, the OneWorld design, and the One Product One Source design are registered trade-marks of CNA Financial Corporation that are used under license. © 2006 Continental Casualty Company, Toronto, Canada.
p 82-108 UNDERWRITER-1.chp
Class
5/9/08
Net Premiums Written $
10:05 AM
Net Premiums Earned $
Page 94
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
CO-OPERATORS GENERAL CUMIS GENERAL INSURANCE COMPANY (Consolidated) D-C INSURANCE COMPANY CO-OPERATORS GENERAL INSURANCE COMPANY COSECO INSURANCE COMPANY L’EQUITABLE COMPAGNIE D’ASSURANCES GENERALES SOVEREIGN GENERAL INSURANCE COMPANY L’UNION CANADIENNE, COMPAGNIE D’ASSURANCES Katherine Bardswick, President & C.E.O. Priory Square Guelph ON N1H 6P8 519-824-4400 Fax 519-837-0231
Prop. - Personal................. 463,799,000 Prop. - Commercial............ 246,089,000 Prop. - Total ....................... 709,888,000 Aircraft ............................... — Auto. - Liability ................... 500,518,000 Auto. - Pers. Acc................ 198,031,000 Auto. - Other ...................... 340,590,000 Auto. - Total ....................... 1,039,139,000 Boiler & Machinery ............ 45,000 Fidelity ............................... 4,032,000 Hail .................................... — Liability............................... 170,998,000 Surety ................................ 5,560,000 Marine................................ 8,670,000 Accident & Sickness .......... 276,000 —————Total 2007.......................... 1,938,608,000 Total 2006.......................... 1,935,605,000 Total 2005.......................... 1,787,861,000 Total 2004.......................... 1,757,125,000 Total 2003.......................... 1,705,400,000
463,022,000 225,583,000 688,605,000 — 492,876,000 195,988,000 340,967,000 1,029,831,000 8,000 3,793,000 — 171,529,000 5,334,000 8,958,000 276,000 —————1,908,334,000 1,855,859,000 1,738,703,000 1,715,640,000 1,573,222,000
370,585,000 154,882,000 525,467,000 –1,796,000 279,396,000 126,672,000 255,358,000 661,426,000 108,000 3,069,000 40,000 76,472,000 83,000 4,319,000 39,000 —————1,269,227,000 1,276,555,000 1,158,872,000 1,097,711,000 1,163,769,000
80.04 68.66 76.31 — 56.69 64.63 74.89 64.23 1,350.00 80.91 — 44.58 1.56 48.21 14.13 ———66.51 68.79 66.65 63.98 73.97
Growth: +0.94%
2007 Underwriting Performance Summary
Underwriting Result 2007: +$32,574,000 2004: +$86,939,000
2006: 2003:
% Growth Rate (NPW) ............................0.16 % of Market (NPW) .............................5.81 Earned Loss Ratio.............................66.51 Total Expense Ratio ..........................31.78 Combined Loss & Exp. Ratio ............98.29 Return on Equity................................13.50
+$3,326,000 –$49,486,000
2005:
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
55,000 55,000 1,486,000 6,153,000 7,639,000 7,000 154,000 —————7,855,000 7,858,000 7,676,000 7,929,000 6,845,000
D-F
2,000 2,000 1,039,000 3,124,000 4,163,000 — –1,000 —————4,164,000 4,405,000 4,626,000 3,629,000 2,912,000
2007 Direct Premiums Written: +$9,686,000
3.64 3.64 69.92 50.77 54.50 — –0.65 ———53.01 56.06 60.27 45.77 42.54
Growth: –0.44%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,693,000 Net Premiums Written ....................7,993,000 Net Premiums Earned....................7,855,000 Net Claims & Adj Exp.....................4,164,000 Commissions.....................................234,000 Taxes ................................................193,000 General Expenses...............................80,000 Undrwtg. Profit/Loss.......................3,184,000 Investment Income............................915,000
Underwriting Result 2007: +$3,184,000 2004: +$4,755,000 94
2006: 2003:
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
4,068,000 4,039,000 8,107,000 5,842,000 2,861,000 3,784,000 12,487,000 –1,000 2,727,000 3,446,000 2,000 1,380,000 —————28,148,000 26,506,000 26,800,000 26,136,000 26,575,000
3,790,000 4,204,000 7,994,000 5,709,000 2,694,000 3,632,000 12,035,000 –1,000 2,537,000 3,418,000 3,000 1,376,000 —————27,362,000 26,992,000 26,671,000 27,131,000 24,811,000
2,543,000 1,315,000 3,858,000 2,630,000 3,615,000 2,412,000 8,657,000 1,000 831,000 1,538,000 — 622,000 —————15,507,000 20,127,000 18,906,000 17,514,000 16,503,000
2007 Direct Premiums Written: +$67,359,000
67.10 31.28 48.26 46.07 134.19 66.41 71.93 –100.00 32.76 45.00 — 45.20 ———56.67 74.57 70.89 64.55 66.51
Growth: +5.22%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................6.19 % of Market (NPW) .............................0.08 Earned Loss Ratio.............................56.67 Total Expense Ratio ..........................30.67 Combined Loss & Exp. Ratio ............87.34 Return on Equity................................29.23
Reinsurance Assumed ...................1,242,000 Reinsurance Ceded .....................40,453,000 Net Premiums Written ..................28,148,000 Net Premiums Earned..................27,362,000 Net Claims & Adj Exp...................15,507,000 Commissions..................................2,728,000 Taxes .............................................1,100,000 General Expenses..........................4,563,000 Undrwtg. Profit/Loss.......................2,060,000 Investment Income.........................7,396,000
Underwriting Result 2007: +$2,060,000 2004: +$1,557,000
2006: 2003:
–$247,000 –$1,794,000
2005:
+$342,000
+$32,407,000
Richard Wong, Chief Agent in Canada 300-2425 Matheson Blvd. E. Mississauga ON L4W 5N7 905-629-6064 Fax 905-629-6067 39,000 39,000 1,613,000 6,161,000 7,774,000 7,000 173,000 —————7,993,000 7,803,000 7,987,000 7,858,000 7,026,000
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Accident & Sickness ..........
D-C
DAIMLER CHRYSLER INSURANCE COMPANY
Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Surety ................................
D-C
Ken Lalonde, 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
2007 Direct Premiums Written: +$2,086,849,000
Reinsurance Assumed .................29,696,000 Reinsurance Ceded ...................178,061,000 Net Premiums Written .............1,938,608,000 Net Premiums Earned.............1,908,334,000 Net Claims & Adj Exp..............1,269,227,000 Commissions..............................277,626,000 Taxes ...........................................63,384,000 General Expenses......................265,523,000 Undrwtg. Profit/Loss.....................32,574,000 Investment Income.....................178,010,000
Earned Loss Ratio %
Jude Martineau, President 6300 Boul. De La Rive-Sud Levis PQ G6V 6P9 418-835-4850 Fax 418-835-5599 www.desjardins.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
422,370,000 45,221,000 467,591,000 393,611,000 120,510,000 409,401,000 923,522,000 442,000 1,845,000 8,252,000 157,000 —————1,401,809,000 1,385,268,000 1,374,932,000 1,339,010,000 1,235,801,000
408,118,000 45,606,000 453,724,000 389,905,000 111,088,000 414,202,000 915,195,000 439,000 1,852,000 7,937,000 149,000 —————1,379,296,000 1,376,051,000 1,365,654,000 1,290,339,000 1,136,693,000
2007 Direct Premiums Written: +$1,429,073,000
260,068,000 21,944,000 282,012,000 224,718,000 154,694,000 282,522,000 661,934,000 57,000 1,020,000 10,930,000 –3,000 —————955,950,000 980,891,000 982,424,000 888,337,000 870,825,000
63.72 48.12 62.15 57.63 139.25 68.21 72.33 12.98 55.08 137.71 –2.01 ———69.31 71.28 71.94 68.85 76.61
Growth: +1.18%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................2.43 % of Market (NPW) .............................0.02 Earned Loss Ratio.............................53.01 Total Expense Ratio ............................6.45 Combined Loss & Exp. Ratio ............59.46 Return on Equity................................29.74
+$4,260,000 +$4,331,000
2005:
+$2,879,000
Reinsurance Assumed ...............................— Reinsurance Ceded .....................27,264,000 Net Premiums Written .............1,401,809,000 Net Premiums Earned.............1,379,296,000 Net Claims & Adj Exp.................955,950,000 Commissions................................20,295,000 Taxes ...........................................46,645,000 General Expenses......................253,575,000 Undrwtg. Profit/Loss...................102,831,000 Investment Income.....................103,573,000
Underwriting Result 2007: +$102,831,000 2004: +$136,437,000
% Growth Rate (NPW) ............................1.19 % of Market (NPW) .............................4.20 Earned Loss Ratio.............................69.31 Total Expense Ratio ..........................23.24 Combined Loss & Exp. Ratio ............92.55 Return on Equity................................26.70
2006: +$110,775,000 2003: +$24,309,000
2005: +$108,564,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 82-108 UNDERWRITER-1.chp
f
5/9/08
10:06 AM
Page 95
What about protecting my family and our home? What about my staff?
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Home Auto* Life Investments Group Business Farm Travel
*The Co-operators does not underwrite auto insurance in BC and MB. Extension policy offered in SK.
p 82-108 UNDERWRITER-1.chp
Class
5/9/08
Net Premiums Written $
10:06 AM
Net Premiums Earned $
Page 96
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
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................. 186,799,000 Prop. - Commercial............ 99,336,000 Prop. - Total ....................... 286,135,000 Auto. - Liability ................... 306,791,000 Auto. - Pers. Acc................ 132,846,000 Auto. - Other ...................... 187,962,000 Auto. - Total ....................... 627,599,000 Fidelity ............................... 1,537,000 Liability............................... 79,716,000 Surety ................................ 1,497,000 —————Total 2007.......................... 996,484,000 Total 2006.......................... 1,016,136,000 Total 2005.......................... 1,040,504,000 Total 2004.......................... 1,090,272,000 Total 2003.......................... 1,026,658,000
186,993,000 99,506,000 286,499,000 309,225,000 134,181,000 186,042,000 629,448,000 1,560,000 79,795,000 1,580,000 —————998,882,000 1,026,997,000 1,062,156,000 1,071,274,000 914,844,000
136,476,000 68,292,000 204,768,000 221,323,000 121,677,000 127,894,000 470,894,000 530,000 38,536,000 –73,000 —————714,655,000 644,017,000 645,448,000 727,252,000 663,053,000
2007 Direct Premiums Written: +$1,038,134,000
72.98 68.63 71.47 71.57 90.68 68.74 74.81 33.97 48.29 –4.62 ———71.55 62.71 60.77 67.89 72.48
Growth: –1.85%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................–1.93 % of Market (NPW) .............................2.99 Earned Loss Ratio.............................71.55 Total Expense Ratio ..........................31.32 Combined Loss & Exp. Ratio ..........102.87 Return on Equity................................18.87
Reinsurance Assumed ...................1,021,000 Reinsurance Ceded .....................42,673,000 Net Premiums Written ................996,484,000 Net Premiums Earned................998,882,000 Net Claims & Adj Exp.................714,655,000 Commissions..............................174,168,000 Taxes ...........................................34,173,000 General Expenses......................104,532,000 Undrwtg. Profit/Loss...................–15,725,000 Investment Income.....................202,807,000
Underwriting Result 2007: –$15,725,000 2004: +$44,592,000
2006: 2003:
+$80,356,000 –$5,998,000
2005: +$111,361,000
B-C Mark Sylvia, C.E.O. George Kalopsis, President & C.O.O. 2680 Matheson Blvd E Suite 300 Mississauga ON L4W 0A5 905-564-9215 Fax 800-324-3566 www.echelon-insurance.ca Prop. - Personal................. 1,110,000 Prop. - Commercial............ 8,114,000 Prop. - Total ....................... 9,224,000 Auto. - Liability ................... 42,027,000 Auto. - Pers. Acc................ 38,888,000 Auto. - Other ...................... 24,926,000 Auto. - Total ....................... 105,841,000 Legal Expense ................... 630,000 Liability............................... 4,538,000 Surety ................................ 8,000 Accident & Sickness .......... 23,915,000 —————Total 2007.......................... 144,156,000 Total 2006.......................... 103,583,000 Total 2005.......................... 88,105,000 Total 2004.......................... 68,024,000 Total 2003.......................... 56,258,000
871,000 6,982,000 7,853,000 38,374,000 36,072,000 22,017,000 96,463,000 576,000 3,503,000 6,000 9,225,000 —————117,626,000 102,040,000 72,736,000 64,551,000 56,535,000
2007 Direct Premiums Written: +$139,396,000
–24,000 3,822,000 3,798,000 23,924,000 22,296,000 11,861,000 58,081,000 214,000 1,745,000 –5,000 6,495,000 —————70,328,000 59,089,000 44,545,000 43,351,000 42,909,000
–2.76 54.74 48.36 62.34 61.81 53.87 60.21 37.15 49.81 –83.33 70.41 ———59.79 57.91 61.24 67.16 75.90
Growth: +22.90%
Underwriting Result 2007: +$9,394,000 2004: +$5,259,000 96
2006: 2003:
N.G. Walpole, President & C.E.O. 111 Westmount Rd. S. Waterloo ON N2J 4S4 519-570-8200 Fax 519-570-8389 www.economicalinsurance.com Prop. - Personal................. 318,496,000 Prop. - Commercial............ 252,916,000 Prop. - Total ....................... 571,412,000 Auto. - Liability ................... 515,090,000 Auto. - Pers. Acc................ 232,624,000 Auto. - Other ...................... 356,849,000 Auto. - Total ....................... 1,104,563,000 Boiler & Machinery ............ –1,000 Fidelity ............................... 2,397,000 Legal Expense ................... 24,000 Liability............................... 153,552,000 Surety ................................ 933,000 Title .................................... — Marine................................ 108,000 Accident & Sickness .......... — —————Total 2007.......................... 1,832,988,000 Total 2006.......................... 1,839,704,000 Total 2005.......................... 1,703,380,000 Total 2004.......................... 1,639,579,000 Total 2003.......................... 1,449,598,000
311,181,000 254,627,000 565,808,000 511,010,000 233,556,000 357,755,000 1,102,321,000 –1,000 2,505,000 29,000 158,129,000 647,000 2,000 114,000 — —————1,829,554,000 1,767,611,000 1,665,596,000 1,555,426,000 1,333,280,000
212,584,000 184,646,000 397,230,000 307,147,000 239,834,000 233,050,000 780,031,000 –72,000 30,000 4,000 88,172,000 156,000 — 22,000 –3,000 —————1,265,570,000 1,218,109,000 1,070,799,000 941,823,000 965,416,000
2007 Direct Premiums Written: +$1,889,815,000
68.32 72.52 70.21 60.11 102.69 65.14 70.76 7,200.00 1.20 13.79 55.76 24.11 — 19.30 — ———69.17 68.91 64.29 60.55 72.41
Growth: –0.47%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................–0.37 % of Market (NPW) .............................5.50 Earned Loss Ratio.............................69.17 Total Expense Ratio ..........................30.64 Combined Loss & Exp. Ratio ............99.81 Return on Equity..................................9.71
Reinsurance Assumed .................16,310,000 Reinsurance Ceded .....................73,137,000 Net Premiums Written .............1,832,988,000 Net Premiums Earned.............1,829,554,000 Net Claims & Adj Exp..............1,265,570,000 Commissions..............................351,275,000 Taxes ...........................................63,681,000 General Expenses......................145,660,000 Undrwtg. Profit/Loss.......................3,368,000 Investment Income.....................174,088,000
Underwriting Result 2007: +$3,368,000 2004: +$123,385,000
2006: 2003:
+$6,349,000 –$61,564,000
2005:
EAGLE STAR INSURANCE COMPANY LIMITED Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax 416-361-6113 Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Liability............................... Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
1,000 1,000 –539,000 — — —————–538,000 –88,000 –81,000 3,625,000 19,053,000
1,000 1,000 –539,000 — — —————–538,000 –88,000 –81,000 12,184,000 13,232,000
2007 Direct Premiums Written: –$24,000
+$84,565,000
B-UK
–1,317,000 –131,700.00 –1,317,000 –131,700.00 –1,992,000 369.57 –9,000 — –10,000 — ————————–3,328,000 618.59 1,955,000 –2,221.59 –1,495,000 1,845.68 5,505,000 45.18 2,198,000 16.61
Growth: –70.73%
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary Reinsurance Assumed .................14,374,000 Reinsurance Ceded .......................9,614,000 Net Premiums Written ................144,156,000 Net Premiums Earned................117,626,000 Net Claims & Adj Exp...................70,328,000 Commissions................................20,158,000 Taxes .............................................3,587,000 General Expenses........................16,169,000 Undrwtg. Profit/Loss.......................9,394,000 Investment Income.......................10,827,000
B-C
% Growth Rate (NPW) ..........................39.17 % of Market (NPW) .............................0.43 Earned Loss Ratio.............................59.79 Total Expense Ratio ..........................33.93 Combined Loss & Exp. Ratio ............93.72 Return on Equity................................15.89
+$14,652,000 –$3,163,000
2005:
+$10,272,000
Reinsurance Assumed ..........................1,000 Reinsurance Ceded ..........................515,000 Net Premiums Written .....................–538,000 Net Premiums Earned.....................–538,000 Net Claims & Adj Exp...................–3,328,000 Commissions.........................................4,000 Taxes ....................................................4,000 General Expenses.............................224,000 Undrwtg. Profit/Loss.......................2,558,000 Investment Income............................854,000
Underwriting Result 2007: +$2,558,000 2004: +$4,779,000
2006: 2003:
% Growth Rate (NPW) ........................511.36 % of Market (NPW) ...........................–0.00 Earned Loss Ratio...........................618.59 Total Expense Ratio ........................–43.12 Combined Loss & Exp. Ratio ..........575.47 Return on Equity................................19.10
–$2,258,000 +$9,273,000
2005:
+$1,164,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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There’s Strength In Numbers Our numbers are 137, 563, 637. That’s years in business, number of Commercial Insurance employees and millions in gross written premium. With all those numbers you can be sure that your client’s end-to-end Commercial Insurance solutions needs are met. TM
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EXPERT – The mid-market solution for vertical markets that is customer focused and developed with your client’s needs in mind. Our flexible approach allows us to adjust the product and pricing to your client’s individual business operation. E-Affinity – Is a market leader in designing specialized commercial insurance programs for groups, associations and organizations across the country. Brokers, working closely with clients, gain understanding to the common needs and risks they face as a group. Drawing on our core insurance and risk management strengths, E-Affinity partners with brokers to create customized programs that reflect the unique needs of each commercial group we serve.
verything you need and more is right here!
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Earned Loss Ratio %
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
EMPLOYERS INSURANCE COMPANY OF WAUSAU B-US
EULER HERMES AMERICAN CREDIT INDEMNITY COMPANY D-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
Robert Labelle, Chief Agent C.I.B.C. Tower 1155 Rene-Levesque Blvd., Suite 1702 Montreal PQ H3B 3Z7 514-876-9656 Fax 514-876-9658 www.eulergroup.com bob.labelle@eulergroup.com
Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— — –4,000 — –4,000 –1,000 —————–5,000 — –5,000 — –10,000
— — –4,000 — –4,000 –1,000 —————–5,000 — –4,000 8,000 –11,000
180,000 — 180,000 — –18,000 450.00 –46,000 — –64,000 1,600.00 394,000 –39,400.00 ————————510,000 –10,200.00 –157,000 — 60,000 –1,500.00 –1,332,000 –16,650.00 1,046,000 –9,509.09
2007 Direct Premiums Written: –$5,000
Growth: 0.00%
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW) ...........................–0.00 Earned Loss Ratio....................–10,200.00 Total Expense Ratio ...................–1,880.00 Combined Loss & Exp. Ratio ...–12,080.00 Return on Equity..................................2.60
Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written .........................–5,000 Net Premiums Earned.........................–5,000 Net Claims & Adj Exp........................510,000 Commissions ..............................................— Taxes ....................................................3,000 General Expenses...............................91,000 Undrwtg. Profit/Loss........................–609,000 Investment Income.........................1,909,000
Underwriting Result 2007: –$609,000 2004: +$1,297,000
2006: 2003:
+$84,000 –$1,082,000
2005:
–$184,000
D-US
Perry R. Brazeau, Chief Agent 165 Commerce Valley Dr. W., Suite 500 Thornhill ON L3T 7V8 905-763-5555 Fax 905-763-5556 fmglobal.com
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
158,348,000 158,348,000 44,519,000 —————202,867,000 243,527,000 238,290,000 231,999,000 248,770,000
167,855,000 167,855,000 45,771,000 —————213,626,000 238,872,000 238,898,000 224,004,000 242,016,000
2007 Direct Premiums Written: +$288,821,000
71,072,000 71,072,000 11,311,000 —————82,383,000 88,387,000 159,841,000 93,914,000 86,653,000
42.34 42.34 24.71 ———38.56 37.00 66.91 41.93 35.80
Growth: –14.56%
2007 Underwriting Performance Summary Reinsurance Assumed .................16,811,000 Reinsurance Ceded ...................102,765,000 Net Premiums Written ................202,867,000 Net Premiums Earned................213,626,000 Net Claims & Adj Exp...................82,383,000 Commissions................................–9,529,000 Taxes ...........................................12,067,000 General Expenses........................36,025,000 Undrwtg. Profit/Loss.....................92,680,000 Investment Income.......................37,816,000
Underwriting Result 2007: +$92,680,000 2004: +$87,471,000
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
% Growth Rate (NPW) ........................–16.70 % of Market (NPW) .............................0.61 Earned Loss Ratio.............................38.56 Total Expense Ratio ..........................18.05 Combined Loss & Exp. Ratio ............56.61 Return on Equity................................25.30
2006: +$110,948,000 2003: +$92,401,000
2005:
+$39,924,000
21,755,000 —————21,755,000 25,380,000 26,927,000 21,285,000 19,335,000
22,425,000 —————22,425,000 23,983,000 26,504,000 21,399,000 17,885,000
13,715,000 —————13,715,000 13,290,000 13,554,000 14,005,000 9,194,000
2007 Direct Premiums Written: +$40,244,000
61.16 ———61.16 55.41 51.14 65.45 51.41
Growth: –4.52%
2007 Underwriting Performance Summary % Growth Rate (NPW) ........................–14.28 % of Market (NPW) .............................0.07 Earned Loss Ratio.............................61.16 Total Expense Ratio ..........................36.50 Combined Loss & Exp. Ratio ............97.66 Return on Equity..................................7.25
Reinsurance Assumed ...............................— Reinsurance Ceded .....................18,489,000 Net Premiums Written ..................21,755,000 Net Premiums Earned..................22,425,000 Net Claims & Adj Exp...................13,715,000 Commissions................................–2,058,000 Taxes .............................................1,981,000 General Expenses..........................8,263,000 Undrwtg. Profit/Loss.......................3,603,000 Investment Income.........................2,164,000
Underwriting Result 2007: +$3,603,000 2004: +$2,229,000
FM GLOBAL
Prop. - Commercial............ Prop. - Total ....................... Boiler & Machinery ............
Credit .................................
2006: 2003:
+$6,833,000 +$4,114,000
2005:
+$4,855,000
LE GROUPE ESTRIE-RICHELIEU COMPAGNIE D’ASSURANCE
D-C
Michel Prevost, President 770 Rue Principale Granby PQ J2G 2Y7 450-378-0101 Fax 450-378-5189 www.ger.qc.ca info@ger.qc.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
8,146,000 17,722,000 25,868,000 269,000 16,000 664,000 949,000 211,000 3,812,000 —————30,840,000 29,820,000 27,726,000 23,721,000 26,694,000
8,341,000 17,109,000 25,450,000 280,000 17,000 682,000 979,000 210,000 3,655,000 —————30,294,000 28,577,000 27,043,000 23,995,000 25,479,000
4,870,000 13,626,000 18,496,000 118,000 21,000 471,000 610,000 63,000 1,740,000 —————20,909,000 18,165,000 14,770,000 11,003,000 12,410,000
2007 Direct Premiums Written: +$36,921,000
58.39 79.64 72.68 42.14 123.53 69.06 62.31 30.00 47.61 ———69.02 63.57 54.62 45.86 48.71
Growth: +1.76%
2007 Underwriting Performance Summary Reinsurance Assumed ...................4,955,000 Reinsurance Ceded .....................11,036,000 Net Premiums Written ..................30,840,000 Net Premiums Earned..................30,294,000 Net Claims & Adj Exp...................20,909,000 Commissions..................................6,658,000 Taxes..........................................................— General Expenses..........................3,667,000 Undrwtg. Profit/Loss........................–940,000 Investment Income.........................3,320,000
Underwriting Result 2007: –$940,000 2004: +$5,158,000
2006: 2003:
% Growth Rate (NPW) ............................3.42 % of Market (NPW) .............................0.09 Earned Loss Ratio.............................69.02 Total Expense Ratio ..........................34.08 Combined Loss & Exp. Ratio ..........103.10 Return on Equity..................................3.87
+$12,000 +$4,885,000
2005:
+$3,450,000
Convenience Powered by Compu-Quote www.compu-quote.com
Get connected to high speed sales. Real-time online quoting 98
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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Page 99
A VICIOUS TORNADO. AN UPCOMING RACE. YET THE ATLANTA MOTOR SPEEDWAY COULD REMAIN
A true story: On July 6, 2005, a powerful tornado tore through Atlanta, leveling everything in its path. When it reached the Atlanta Motor Speedway, entire sections of the track vanished. Three-and-a-half months later, the fall race weekend opened as planned. To make this happen, the people at the speedway worked in tight partnership with their FM Global client service team. And the damage was quickly repaired. So on race day, the only wind the fans were aware of came from the cars flying by at 170 mph. To read more true stories, visit fmglobal.com/insuranceevolved
Insurance Evolved
© 2008 FM Global. All Rights Reserved.
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EVEREST INSURANCE COMPANY OF CANADA/LA COMPAGNIE D’ASSURANCE EVEREST DU CANADA B-C 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 tony.marchelletta@everestre.com
Prop. - Commercial............ Prop. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— — — —————— — 2,000 93,000 –80,000
— — — —————— — 2,000 93,000 –80,000
–4,000 –4,000 –127,000 —————–131,000 –98,000 –124,000 176,000 –103,000
— — — ———— — –6,200.00 189.25 128.75
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity................................–3.71
Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp......................–131,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................120,000 Undrwtg. Profit/Loss............................11,000 Investment Income............................137,000
Underwriting Result 2007: +$11,000 2004: –$384,000
2006: 2003:
–$96,000 –$299,000
2005:
–$126,000
THE GUARANTEE COMPANY OF NORTH AMERICA
B-C
Jules R Quenneville, Executive Chairman & CEO 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
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
56,622,000 7,544,000 64,166,000 34,642,000 21,267,000 25,127,000 81,036,000 816,000 12,955,000 42,665,000 44,972,000 349,000 —————246,959,000 260,375,000 269,326,000 276,840,000 264,138,000
25,630,000 5,289,000 30,919,000 17,848,000 23,600,000 15,080,000 56,528,000 260,000 2,607,000 47,982,000 566,000 47,000 —————138,909,000 146,785,000 154,641,000 150,637,000 158,723,000
45.83 75.29 49.12 49.28 104.91 58.45 66.89 32.66 18.84 106.89 1.27 12.88 ———55.16 55.50 57.09 55.42 66.14
Growth: –9.66%
100
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
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
Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
17,300,000 17,300,000 1,237,000 83,000 22,000 102,000 207,000 10,564,000 — 335,000 46,308,000 1,523,000 —————77,474,000 71,049,000 66,943,000 62,058,000 66,976,000
17,734,000 17,734,000 1,197,000 11,000 4,000 13,000 28,000 10,694,000 — 340,000 41,945,000 1,843,000 —————73,781,000 69,007,000 65,248,000 63,180,000 60,725,000
2007 Direct Premiums Written: +$185,977,000
1,871,000 1,871,000 234,000 –6,000 2,000 11,000 7,000 2,980,000 –15,000 129,000 17,652,000 142,000 —————23,000,000 32,073,000 29,053,000 33,572,000 33,215,000
10.55 10.55 19.55 –54.55 50.00 84.62 25.00 27.87 — 37.94 42.08 7.70 ———31.17 46.48 44.53 53.14 54.70
Growth: –10.64%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................9.04 % of Market (NPW) .............................0.23 Earned Loss Ratio.............................31.17 Total Expense Ratio ..........................31.25 Combined Loss & Exp. Ratio ............62.42 Return on Equity................................28.09
Reinsurance Assumed ...................1,024,000 Reinsurance Ceded ...................114,854,000 Net Premiums Written ..................77,474,000 Net Premiums Earned..................73,781,000 Net Claims & Adj Exp...................23,000,000 Commissions................................–1,262,000 Taxes .............................................6,303,000 General Expenses........................18,018,000 Undrwtg. Profit/Loss.....................27,722,000 Investment Income.......................29,139,000
Underwriting Result 2007: +$27,722,000 2004: +$12,764,000
2006: 2003:
+$13,124,000 +$7,410,000
2005:
+$14,625,000
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Surety ................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
63,072,000 17,679,000 80,751,000 37,012,000 28,790,000 24,319,000 90,121,000 1,000 14,611,000 1,000 75,000 —————185,560,000 174,238,000 156,612,000 153,745,000 150,690,000
60,998,000 16,660,000 77,658,000 34,913,000 28,737,000 24,088,000 87,738,000 1,000 14,081,000 2,000 79,000 —————179,559,000 165,679,000 154,438,000 151,651,000 134,260,000
33,911,000 10,209,000 44,120,000 29,016,000 15,492,000 17,193,000 61,701,000 7,000 4,016,000 — — —————109,844,000 103,963,000 96,866,000 87,652,000 117,627,000
2007 Direct Premiums Written: +$198,192,000
55.59 61.28 56.81 83.11 53.91 71.38 70.32 700.00 28.52 — — ———61.17 62.75 62.72 57.80 87.61
Growth: +6.63%
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary
2006: 2003:
Net Premiums Earned $
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
2007 Direct Premiums Written: +$285,904,000
Underwriting Result 2007: +$27,831,000 2004: +$34,282,000
Net Premiums Written $
B-C
55,922,000 7,025,000 62,947,000 36,214,000 22,496,000 25,799,000 84,509,000 796,000 13,840,000 44,888,000 44,483,000 365,000 —————251,828,000 264,457,000 270,890,000 271,795,000 239,977,000
Reinsurance Assumed ...................3,572,000 Reinsurance Ceded .....................42,516,000 Net Premiums Written ................246,959,000 Net Premiums Earned................251,828,000 Net Claims & Adj Exp.................138,909,000 Commissions................................48,966,000 Taxes .............................................7,698,000 General Expenses........................28,426,000 Undrwtg. Profit/Loss.....................27,831,000 Investment Income.......................34,130,000
Class
% Growth Rate (NPW) ..........................–5.15 % of Market (NPW) .............................0.74 Earned Loss Ratio.............................55.16 Total Expense Ratio ..........................33.79 Combined Loss & Exp. Ratio ............88.95 Return on Equity..................................9.43
+$30,460,000 –$748,000
2005:
+$28,991,000
Reinsurance Assumed ...............................— Reinsurance Ceded .....................12,632,000 Net Premiums Written ................185,560,000 Net Premiums Earned................179,559,000 Net Claims & Adj Exp.................109,844,000 Commissions................................35,161,000 Taxes .............................................6,277,000 General Expenses........................24,010,000 Undrwtg. Profit/Loss.......................6,409,000 Investment Income.......................25,721,000
Underwriting Result 2007: +$6,409,000 2004: +$16,066,000
2006: 2003:
% Growth Rate (NPW) ............................6.50 % of Market (NPW) .............................0.56 Earned Loss Ratio.............................61.17 Total Expense Ratio ..........................36.45 Combined Loss & Exp. Ratio ............97.62 Return on Equity................................14.75
+$4,437,000 –$24,106,000
2005:
+$5,148,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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Page 101
THE POWER OF MANY WITH
OVER
135 YEARS
OF
PROVEN SUCCESS,
The Guarantee Company of North America is Canada’s leading specialty insurer. Our dedicated team of insurance professionals take pride in providing specialized quality products via the independent broker network with a “Guarantee” of excellence to our policyholders. • Professional Claims Services • Committed to the Independent Brokers • Commercial Lines - No Contract required - No Premium Volume required
• Personal Lines - Contract required
PRODUCTS WE OFFER: • Contract Surety • Commercial/Miscellaneous Surety • Fidelity Bonds • Directors’ and Officers’ Liability • Credit Insurance • Guarantee GOLD®
gcna.com
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B-C
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
HANOVER INSURANCE COMPANY
Earned Loss Ratio %
B-US
Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax 416-361-6113 Total 2006.......................... Total 2005.......................... Total 2004..........................
2235 Sheridan Garden Dr. Oakville ON L6J 7Y5 905-287-1000 Fax 905-287-2400 www.firstcanadiantitle.com Title .................................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
148,035,000 —————148,035,000 123,029,000 102,202,000 91,544,000 71,244,000
148,035,000 —————148,035,000 123,029,000 102,202,000 91,544,000 71,244,000
38,052,000 —————38,052,000 35,178,000 20,555,000 26,008,000 15,099,000
25.70 ———25.70 28.59 20.11 28.41 21.19
Growth: +20.33%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................20.33 % of Market (NPW) .............................0.44 Earned Loss Ratio.............................25.70 Total Expense Ratio ..........................52.10 Combined Loss & Exp. Ratio ............77.80 Return on Equity................................39.39
Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................148,035,000 Net Premiums Earned................148,035,000 Net Claims & Adj Exp...................38,052,000 Commissions.....................................878,000 Taxes .............................................4,765,000 General Expenses........................71,486,000 Undrwtg. Profit/Loss.....................32,888,000 Investment Income.........................5,257,000
2006: 2003:
+$18,511,000 +$8,473,000
2005:
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
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
8,346,000 20,695,000 29,041,000 89,000 8,430,000 235,000 —————37,795,000 41,224,000 28,590,000 25,658,000 22,526,000
7,989,000 20,089,000 28,078,000 72,000 8,458,000 309,000 —————36,917,000 36,769,000 27,782,000 23,203,000 21,343,000
5,397,000 8,981,000 14,378,000 –6,000 2,035,000 –7,000 —————16,400,000 15,784,000 12,819,000 10,529,000 10,843,000
2007 Direct Premiums Written: +$48,399,000
67.56 44.71 51.21 –8.33 24.06 –2.27 ———44.42 42.93 46.14 45.38 50.80
Growth: +4.37%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................10,604,000 Net Premiums Written ..................37,795,000 Net Premiums Earned..................36,917,000 Net Claims & Adj Exp...................16,400,000 Commissions..................................7,978,000 Taxes .............................................1,919,000 General Expenses..........................6,439,000 Undrwtg. Profit/Loss.......................4,181,000 Investment Income.........................3,522,000
Underwriting Result 2007: +$4,181,000 2004: +$2,245,000
–4,000 –10,000 2,000
— — —
2006: 2003:
% Growth Rate (NPW) ..........................–8.32 % of Market (NPW) .............................0.11 Earned Loss Ratio.............................44.42 Total Expense Ratio ..........................44.25 Combined Loss & Exp. Ratio ............88.67 Return on Equity................................20.32
+$4,251,000 +$1,044,000
2005:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................1.26
Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp .................................— Commissions ..............................................— Taxes..........................................................— General Expenses...............................84,000 Undrwtg. Profit/Loss..........................–84,000 Investment Income............................124,000
Underwriting Result 2007: –$84,000 2004: –$91,000
2006: 2003:
–$88,000 –$88,000
2005:
–$73,000
+$19,581,000
GRAIN INSURANCE AND GUARANTEE COMPANY
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Fidelity ............................... Liability............................... Surety ................................
— — —
2007 Underwriting Performance Summary
2007 Direct Premiums Written: +$148,035,000
Underwriting Result 2007: +$32,888,000 2004: +$12,040,000
— — —
+$3,268,000
Charles Brindamour, President & C.E.O. 700 University Ave., 15th Floor Toronto ON M5G 0A1 416-341-1464 Fax 416-941-5320 www.ingcanada.com Prop. - Personal................. 874,470,000 Prop. - Commercial............ 445,888,000 Prop. - Total ....................... 1,320,358,000 Auto. - Liability ................... 1,084,340,000 Auto. - Pers. Acc................ 385,530,000 Auto. - Other ...................... 895,062,000 Auto. - Total ....................... 2,364,932,000 Boiler & Machinery ............ –399,000 Fidelity ............................... 11,000 Legal Expense ................... 3,095,000 Liability............................... 289,489,000 Surety ................................ 15,670,000 Marine................................ 881,000 Accident & Sickness .......... 8,412,000 —————Total 2007.......................... 4,002,449,000 Total 2006.......................... 3,895,493,000 Total 2005.......................... 3,754,937,000 Total 2004.......................... 3,608,990,000 Total 2003.......................... 2,966,609,000
B-F
834,293,000 450,460,000 1,284,753,000 1,069,188,000 379,071,000 879,883,000 2,328,142,000 –200,000 11,000 2,633,000 292,259,000 15,462,000 903,000 8,052,000 —————3,932,015,000 3,826,614,000 3,840,176,000 3,364,563,000 2,760,897,000
2007 Direct Premiums Written: +$4,099,995,000
573,461,000 253,245,000 826,706,000 722,013,000 265,835,000 610,517,000 1,598,365,000 253,000 –114,000 15,000 151,913,000 260,000 1,825,000 5,025,000 —————2,584,248,000 2,261,169,000 2,161,755,000 1,905,545,000 1,880,825,000
68.74 56.22 64.35 67.53 70.13 69.39 68.65 –126.50 –1,036.36 0.57 51.98 1.68 202.10 62.41 ———65.72 59.09 56.29 56.64 68.12
Growth: +2.75%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................97,546,000 Net Premiums Written .............4,002,449,000 Net Premiums Earned.............3,932,015,000 Net Claims & Adj Exp..............2,584,248,000 Commissions..............................641,390,000 Taxes .........................................136,894,000 General Expenses......................360,629,000 Undrwtg. Profit/Loss...................208,854,000 Investment Income.....................386,647,000
Underwriting Result 2007: +$208,854,000 2004: +$470,030,000
% Growth Rate (NPW) ............................2.75 % of Market (NPW) ...........................12.00 Earned Loss Ratio.............................65.72 Total Expense Ratio ..........................28.97 Combined Loss & Exp. Ratio ............94.69 Return on Equity................................19.89
2006: +$403,834,000 2003: +$51,685,000
2005: +$537,712,000
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 82-108 UNDERWRITER-1.chp
5/9/08
10:19 AM
Page 103
“ Training Solutions” “Marketing Intelligence”
“Financial Support” “Strategic Thinking ”
“Technology Efficiencies”
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Debbie Coull-Cicchini,
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Senior Vice President, Western Division
Senior Vice President, Quebec Division
President, ING Insurance
Senior Vice President, Ontario Division
Senior Vice President, Atlantic Division
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INSURANCE
p 82-108 UNDERWRITER-1.chp
Class
5/9/08
Net Premiums Written $
10:20 AM
Net Premiums Earned $
Page 104
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
HARTFORD FIRE INSURANCE COMPANY
Class
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
10,346,000 10,346,000 –16,000 889,000 –27,000 302,000 1,164,000 –1,000 20,000 6,112,000 75,000 7,000 —————17,707,000 20,979,000 21,232,000 20,358,000 27,679,000
10,451,000 10,451,000 –16,000 1,021,000 17,000 314,000 1,352,000 — 16,000 6,545,000 81,000 6,000 —————18,435,000 19,640,000 21,108,000 21,433,000 30,015,000
5,467,000 52.31 5,467,000 52.31 –157,000 981.25 2,774,000 271.69 27,000 158.82 276,000 87.90 3,077,000 227.59 — — –60,000 –375.00 247,000 3.77 –10,000 –12.35 –1,364,000 –22,733.33 ————————7,200,000 39.06 8,300,000 42.26 17,562,000 83.20 7,784,000 36.32 10,775,000 35.90
Growth: –31.87%
2007 Underwriting Performance Summary % Growth Rate (NPW) ........................–15.60 % of Market (NPW) .............................0.05 Earned Loss Ratio.............................39.06 Total Expense Ratio ..........................18.24 Combined Loss & Exp. Ratio ............57.30 Return on Equity..................................5.87
Reinsurance Assumed ..........................3,000 Reinsurance Ceded .......................4,841,000 Net Premiums Written ..................17,707,000 Net Premiums Earned..................18,435,000 Net Claims & Adj Exp.....................7,200,000 Commissions.....................................–30,000 Taxes ................................................829,000 General Expenses..........................2,563,000 Undrwtg. Profit/Loss.......................8,236,000 Investment Income.......................11,843,000
2006: 2003:
Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
+$8,104,000 +$13,714,000
2005:
38,396,000 38,396,000 29,649,000 1,311,000 39,765,000 70,725,000 973,000 —————110,094,000 102,962,000 93,695,000 87,718,000 74,120,000
36,378,000 36,378,000 29,061,000 1,266,000 38,776,000 69,103,000 1,160,000 —————106,641,000 98,583,000 89,546,000 80,797,000 64,505,000
Earned Loss Ratio %
23,502,000 23,502,000 14,381,000 156,000 32,691,000 47,228,000 1,050,000 —————71,780,000 71,194,000 62,921,000 54,883,000 43,978,000
2007 Direct Premiums Written: +$121,160,000
64.60 64.60 49.49 12.32 84.31 68.34 90.52 ———67.31 72.22 70.27 67.93 68.18
Growth: +5.84%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................6.93 % of Market (NPW) .............................0.33 Earned Loss Ratio.............................67.31 Total Expense Ratio ..........................26.99 Combined Loss & Exp. Ratio ............94.30 Return on Equity................................29.80
Reinsurance Assumed ...............................— Reinsurance Ceded .....................11,066,000 Net Premiums Written ................110,094,000 Net Premiums Earned................106,641,000 Net Claims & Adj Exp...................71,780,000 Commissions..................................3,771,000 Taxes .............................................3,999,000 General Expenses........................21,015,000 Undrwtg. Profit/Loss.......................6,076,000 Investment Income.........................2,903,000
Underwriting Result 2007: +$6,076,000 2004: +$5,556,000
2006: 2003:
+$1,627,000 +$2,514,000
2005:
+$4,176,000
+$1,425,000
Analytics
ICAROM PLC
B-US
Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax 416-361-6113
& statistical analysis Powered by Compu-Quote Rating www.compu-quote.com Helping assess and develop marketing strategies through comparative quoting
Total 2006.......................... Total 2005.......................... Total 2004..........................
— — —
— — —
414,000 30,000 –1,000
— — —
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp .................................— Commissions ..............................................— Taxes..........................................................— General Expenses...............................88,000 Undrwtg. Profit/Loss..........................–88,000 Investment Income............................123,000
Underwriting Result 2007: –$88,000 2004: –$84,000
Net Claims and Adjusting Expenses $
Michel Laurin, President et chef de l’exploitation 925 Chemin St.-Louis, Suite 230 Quebec PQ G1S 1C1 418-650-4600 Fax 418-650-4636 www.inalco.com serviceclient@iaah.ca
2007 Direct Premiums Written: +$22,545,000
Underwriting Result 2007: +$8,236,000 2004: +$8,953,000
Net Premiums Earned $
INDUSTRIELLE ALLIANCE COMPAGNIE B-US D’ASSURANCES GENERALES D-C
Illona V. Kirsh, Chief Agent In Canada 121 King St. West, Suite 1810 PO Box 112 Toronto ON M5H 3T9
Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................
Net Premiums Written $
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................1.29
–$504,000 –$80,000
2005:
–$124,000
INNOVATIVE INSURANCE CORPORATION Dave Luckwell, President & CEO 103, 10525 - 170 Street Edmonton AB T5P 4W2 780-448-0645 Fax 416-448-0877 www.innovativeinsurancecorporation.com dave@innovativeinsurancecorporation.com Prop. - Personal................. 55,000 Prop. - Total ....................... 55,000 Auto. - Other ...................... 4,283,000 Auto. - Total ....................... 4,283,000 Surety ................................ 30,000 —————Total 2007.......................... 4,368,000 Total 2006.......................... 3,710,000 Total 2005.......................... 3,134,000 Total 2004.......................... 3,312,000 Total 2003.......................... 2,798,000
109,000 109,000 3,873,000 3,873,000 30,000 —————4,012,000 3,427,000 2,922,000 3,191,000 2,665,000
2007 Direct Premiums Written: +$4,368,000
B-C
10,000 10,000 1,937,000 1,937,000 5,000 —————1,952,000 1,467,000 1,419,000 1,728,000 1,448,000
9.17 9.17 50.01 50.01 16.67 ———48.65 42.81 48.56 54.15 54.33
Growth: +17.74%
2007 Underwriting Performance Summary Establish an Internet presence to achieve your e-commerce goals
Partnership Partnership
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Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ....................4,368,000 Net Premiums Earned....................4,012,000 Net Claims & Adj Exp.....................1,952,000 Commissions..................................1,792,000 Taxes ................................................125,000 General Expenses.............................390,000 Undrwtg. Profit/Loss........................–183,000 Investment Income..............................53,000
Underwriting Result 2007: –$183,000 2004: –$270,000
2006: 2003:
% Growth Rate (NPW) ..........................17.74 % of Market (NPW) .............................0.01 Earned Loss Ratio.............................48.65 Total Expense Ratio ..........................57.50 Combined Loss & Exp. Ratio ..........106.15 Return on Equity................................–3.44
–$100,000 –$120,000
2005:
–$57,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 82-108 UNDERWRITER-1.chp
Class
5/9/08
Net Premiums Written $
10:21 AM
Net Premiums Earned $
Page 106
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
KINGSWAY FINANCIAL SERVICES INC. B-C Jevco Insurance Company Kingsway General Insurance Company York Fire & Casualty Insurance Company 7120 Hurontario St, Suite 800 Mississauga ON L4W 0A9 905-677-8889 Fax 905-677-5008 www.kingsway-financial.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
21,512,000 56,319,000 77,831,000 203,126,000 119,570,000 144,809,000 467,505,000 24,830,000 15,416,000 —————585,582,000 643,698,000 707,237,000 650,674,000 615,912,000
22,707,000 57,761,000 80,468,000 201,253,000 116,188,000 142,184,000 459,625,000 23,063,000 13,663,000 —————576,819,000 637,461,000 705,466,000 652,399,000 554,334,000
12,886,000 33,236,000 46,122,000 161,878,000 65,077,000 78,223,000 305,178,000 13,198,000 2,659,000 —————367,157,000 422,565,000 510,102,000 482,216,000 464,156,000
2007 Direct Premiums Written: +$605,603,000
56.75 57.54 57.32 80.44 56.01 55.02 66.40 57.23 19.46 ———63.65 66.29 72.31 73.91 83.73
Growth: –9.44%
Underwriting Result 2007: +$34,756,000 2004: +$25,765,000
2006: 2003:
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
21,512,000 56,319,000 77,831,000 203,126,000 119,570,000 144,809,000 467,505,000 24,830,000 15,416,000 —————585,582,000 643,698,000 707,237,000 650,674,000 615,912,000
22,707,000 57,761,000 80,468,000 201,253,000 116,188,000 142,184,000 459,625,000 23,063,000 13,663,000 —————576,819,000 637,461,000 705,466,000 652,399,000 554,334,000
12,886,000 33,236,000 46,122,000 161,878,000 65,077,000 78,223,000 305,178,000 13,198,000 2,659,000 —————367,157,000 422,565,000 510,102,000 482,216,000 464,156,000
2007 Direct Premiums Written: +$605,603,000
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................–9.03 % of Market (NPW) .............................1.76 Earned Loss Ratio.............................63.65 Total Expense Ratio ..........................31.49 Combined Loss & Exp. Ratio ............95.14 Return on Equity................................12.40
Reinsurance Assumed ...............................— Reinsurance Ceded .....................24,430,000 Net Premiums Written ................585,582,000 Net Premiums Earned................576,819,000 Net Claims & Adj Exp.................367,157,000 Commissions................................82,952,000 Taxes ...........................................18,541,000 General Expenses........................80,126,000 Undrwtg. Profit/Loss.....................34,756,000 Investment Income.......................82,410,000
B-C Jevco Insurance Company Kingsway General Insurance Company York Fire & Casualty Insurance Company 7120 Hurontario St, Suite 800 Mississauga ON L4W 0A9 905-677-8889 Fax 905-677-5008 www.kingsway-financial.com
+$33,621,000 –$65,383,000
2005:
+$17,011,000
Growth: –9.44%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................–9.03 % of Market (NPW) .............................1.76 Earned Loss Ratio.............................63.65 Total Expense Ratio ..........................31.49 Combined Loss & Exp. Ratio ............95.14 Return on Equity................................12.40
Reinsurance Assumed ...............................— Reinsurance Ceded ...................266,669,000 Net Premiums Written ................585,582,000 Net Premiums Earned................576,819,000 Net Claims & Adj Exp.................367,157,000 Commissions................................82,952,000 Taxes ...........................................18,541,000 General Expenses........................80,126,000 Undrwtg. Profit/Loss.....................34,756,000 Investment Income.......................82,410,000
Underwriting Result 2007: +$34,756,000 2004: +$25,765,000
2006: 2003:
+$33,621,000 –$65,383,000
2005:
+$17,011,000
B-C 5250 Boul Decarie, Suite 100 Montreal PQ H3X 2H9 514-284-9350 Fax 514-289-9257 www.jevco.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
B-C Colin Simpson, President & CEO 7120 Hurontario St, Suite 400 Mississauga ON L5W 0B2 905-677-9777 Fax 905-795-0887
8,846,000 19,583,000 28,429,000 63,390,000 38,473,000 58,055,000 159,918,000 8,234,000 9,190,000 —————205,771,000 205,892,000 219,879,000 173,264,000 200,546,000
9,095,000 19,437,000 28,532,000 60,756,000 36,308,000 54,836,000 151,900,000 7,707,000 8,016,000 —————196,155,000 202,747,000 209,205,000 183,057,000 183,551,000
2007 Direct Premiums Written: +$95,201,000
4,815,000 11,754,000 16,569,000 48,057,000 27,161,000 14,868,000 90,086,000 3,327,000 1,559,000 —————111,541,000 122,228,000 151,388,000 122,645,000 134,986,000
52.94 60.47 58.07 79.10 74.81 27.11 59.31 43.17 19.45 ———56.86 60.29 72.36 67.00 73.54
Growth: +38.01%
Reinsurance Assumed ...............180,202,000 Reinsurance Ceded .....................69,632,000 Net Premiums Written ................205,771,000 Net Premiums Earned................196,155,000 Net Claims & Adj Exp.................111,541,000 Commissions................................54,590,000 Taxes .............................................2,706,000 General Expenses........................11,529,000 Undrwtg. Profit/Loss.....................15,789,000 Investment Income.......................27,856,000
2006: 2003:
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
5,171,000 769,000 5,940,000 14,942,000 12,312,000 9,478,000 36,732,000 796,000 —————43,468,000 71,520,000 82,605,000 73,305,000 45,153,000
5,635,000 758,000 6,393,000 18,323,000 13,473,000 11,724,000 43,520,000 825,000 —————50,738,000 74,719,000 83,144,000 63,385,000 28,199,000
2007 Direct Premiums Written: +$122,089,000
2,704,000 818,000 3,522,000 11,883,000 10,206,000 8,270,000 30,359,000 643,000 —————34,524,000 53,453,000 57,610,000 50,001,000 32,671,000
47.99 107.92 55.09 64.85 75.75 70.54 69.76 77.94 ———68.04 71.54 69.29 78.88 115.86
Growth: –29.00%
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary
Underwriting Result 2007: +$15,789,000 2004: +$1,602,000
56.75 57.54 57.32 80.44 56.01 55.02 66.40 57.23 19.46 ———63.65 66.29 72.31 73.91 83.73
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................56.86 Total Expense Ratio ..........................35.09 Combined Loss & Exp. Ratio ............91.95 Return on Equity................................21.24
+$13,310,000 –$1,599,000
2005:
–$6,890,000
Reinsurance Assumed ...............................— Reinsurance Ceded .....................78,621,000 Net Premiums Written ..................43,468,000 Net Premiums Earned..................50,738,000 Net Claims & Adj Exp...................34,524,000 Commissions................................–3,520,000 Taxes .............................................3,751,000 General Expenses........................22,266,000 Undrwtg. Profit/Loss.....................–3,690,000 Investment Income.........................3,053,000
Underwriting Result 2007: –$3,690,000 2004: +$2,391,000
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................68.04 Total Expense Ratio ..........................44.34 Combined Loss & Exp. Ratio ..........112.38 Return on Equity................................–1.34
–$163,000 –$8,994,000
2005:
+$7,546,000
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Earned Loss Ratio %
THE KINGS MUTUAL INSURANCE COMPANY Wallace J. Jarvis, FCIP, President & General Manager P.O. Box 10 Berwick NS B0P 1E0 902-538-3187 Fax 902-538-7271 www.Kingsmutual.ns.ca wjarvis@kingsmutual.ns.ca Prop. - Personal................. 4,623,000 4,492,000 Prop. - Commercial............ 133,000 139,000 Prop. - Total ....................... 4,756,000 4,631,000 Liability............................... 533,000 530,000 ——————————Total 2007.......................... 5,289,000 5,161,000 Total 2006.......................... 5,062,000 4,947,000 Total 2005.......................... 4,852,000 4,702,000 Total 2004.......................... 4,546,000 4,424,000 Total 2003.......................... 4,424,000 4,279,000
B-C
2,084,000 60,000 2,144,000 470,000 —————2,614,000 1,841,000 1,965,000 1,898,000 2,496,000
46.39 43.17 46.30 88.68 ———50.65 37.21 41.79 42.90 58.33
Growth: +4.96%
2007 Underwriting Performance Summary
Underwriting Result 2007: –$1,854,000 2004: –$1,262,000
2006: 2003:
% Growth Rate (NPW) ............................4.48 % of Market (NPW) .............................0.02 Earned Loss Ratio.............................50.65 Total Expense Ratio ..........................68.26 Combined Loss & Exp. Ratio ..........118.91 Return on Equity..................................3.80
2005:
–$1,432,000
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 1155 Rue Metcalfe, Suite 1540 Montreal PQ H3B 2V6 514-861-8361 Fax 514-861-0470 www.lloyds.com info@lloyds.ca Prop. - Personal................. 61,819,000 61,819,000 50,671,000 81.97 Prop. - Commercial............ 588,143,000 588,143,000 147,549,000 25.09 Prop. - Total ....................... 649,962,000 649,962,000 198,220,000 30.50 Aircraft ............................... 102,820,000 102,820,000 34,023,000 33.09 Auto. - Liability ................... 3,027,000 3,027,000 –6,362,000 –210.18 Auto. - Pers. Acc................ –23,000 –23,000 3,605,000 –15,673.91 Auto. - Other ...................... 13,257,000 13,257,000 8,023,000 60.52 Auto. - Total ....................... 16,261,000 16,261,000 5,266,000 32.38 Boiler & Machinery ............ 13,529,000 13,529,000 3,914,000 28.93 Credit ................................. 149,000 149,000 –17,000 –11.41 Fidelity ............................... 12,405,000 12,405,000 4,705,000 37.93 Legal Expense ................... 1,183,000 1,183,000 239,000 20.20 Liability............................... 572,051,000 572,051,000 264,715,000 46.27 Surety ................................ 848,000 848,000 268,000 31.60 Marine................................ 63,353,000 63,353,000 35,974,000 56.78 Accident & Sickness .......... 52,175,000 52,175,000 19,776,000 37.90 ——————————————————Total 2007.......................... 1,484,736,000 1,484,736,000 567,083,000 38.19 Total 2006.......................... 1,431,632,000 1,431,632,000 155,565,000 10.87 Total 2005.......................... 1,311,110,000 1,311,110,000 1,111,874,000 84.80 Total 2004.......................... 1,238,559,000 1,238,559,000 622,548,000 50.26 Total 2003.......................... 992,489,000 992,489,000 629,489,000 63.43
2007 Direct Premiums Written: +$1,291,907,000
Growth: +4.96%
Earned Loss Ratio %
LIBERTY MUTUAL INSURANCE COMPANY
D-US
Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
20,585,000 20,585,000 2,795,000 11,527,000 2,066,000 4,980,000 18,573,000 — 1,876,000 40,198,000 — 3,330,000 —————87,357,000 71,812,000 68,813,000 157,127,000 656,791,000
18,828,000 18,828,000 2,696,000 11,766,000 1,966,000 4,753,000 18,485,000 — 1,847,000 38,777,000 — 3,441,000 —————84,074,000 79,707,000 66,178,000 305,738,000 659,799,000
2,192,000 2,192,000 1,471,000 8,887,000 2,637,000 2,301,000 13,825,000 1,000 1,428,000 42,046,000 –8,000 850,000 —————61,805,000 60,129,000 55,200,000 124,315,000 493,324,000
11.64 11.64 54.56 75.53 134.13 48.41 74.79 — 77.31 108.43 — 24.70 ———73.51 75.44 83.41 40.66 74.77
Growth: –0.76%
% Growth Rate (NPW) ..........................21.65 % of Market (NPW) .............................0.26 Earned Loss Ratio.............................73.51 Total Expense Ratio ..........................29.51 Combined Loss & Exp. Ratio ..........103.02 Return on Equity..................................5.55
Reinsurance Assumed ...................6,447,000 Reinsurance Ceded ...................100,614,000 Net Premiums Written ..................87,357,000 Net Premiums Earned..................84,074,000 Net Claims & Adj Exp...................61,805,000 Commissions................................–6,389,000 Taxes .............................................8,525,000 General Expenses........................22,674,000 Undrwtg. Profit/Loss.....................–2,541,000 Investment Income.......................33,395,000
Underwriting Result 2007: –$2,541,000 2004: +$2,702,000
2006: 2003:
+$4,701,000 +$9,183,000
2005:
–$1,086,000
LEGACY GENERAL INSURANCE COMPANY
D-C
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 Prop. - Personal................. Prop. - Total ....................... Accident & Sickness .......... Credit Protection ................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
748,000 748,000 23,640,000 12,992,000 —————37,380,000 34,262,000 32,124,000 26,218,000 24,253,000
748,000 748,000 23,834,000 12,992,000 —————37,574,000 34,511,000 34,017,000 27,525,000 28,571,000
2007 Direct Premiums Written: +$51,229,000
–49,000 –49,000 5,615,000 381,000 —————5,947,000 1,541,000 5,280,000 4,146,000 3,054,000
–6.55 –6.55 23.56 2.93 ———15.83 4.47 15.52 15.06 10.69
Growth: +56.04%
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary
108
Net Claims and Adjusting Expenses $
2007 Underwriting Performance Summary
LLOYD’S UNDERWRITERS
Underwriting Result 2007: +$569,401,000 2004: +$321,881,000
Net Premiums Earned $
2007 Direct Premiums Written: +$181,524,000
–$1,209,000 –$1,403,000
Reinsurance Assumed ...............192,829,000 Reinsurance Ceded....................................— Net Premiums Written .............1,484,736,000 Net Premiums Earned.............1,484,736,000 Net Claims & Adj Exp.................567,083,000 Commissions ..............................................— Taxes..........................................................— General Expenses ......................................— Undrwtg. Profit/Loss...................569,401,000 Investment Income.....................119,728,000
Net Premiums Written $
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
2007 Direct Premiums Written: +$6,028,000
Reinsurance Assumed ........................36,000 Reinsurance Ceded ..........................775,000 Net Premiums Written ....................5,289,000 Net Premiums Earned....................5,161,000 Net Claims & Adj Exp.....................2,614,000 Commissions..................................1,115,000 Taxes ..................................................52,000 General Expenses..........................2,356,000 Undrwtg. Profit/Loss.....................–1,854,000 Investment Income.........................3,134,000
Class
% Growth Rate (NPW) ............................3.71 % of Market (NPW) .............................4.45 Earned Loss Ratio.............................38.19 Total Expense Ratio ...............................— Combined Loss & Exp. Ratio ............38.19 Return on Equity .....................................—
2006: +$921,570,000
2005: –$137,932,000
Reinsurance Assumed ...................6,274,000 Reinsurance Ceded .....................20,123,000 Net Premiums Written ..................37,380,000 Net Premiums Earned..................37,574,000 Net Claims & Adj Exp.....................5,947,000 Commissions..................................4,800,000 Taxes ................................................825,000 General Expenses........................16,449,000 Undrwtg. Profit/Loss.......................9,553,000 Investment Income.........................1,499,000
Underwriting Result 2007: +$9,553,000 2004: +$4,163,000
2006: 2003:
% Growth Rate (NPW) ............................9.10 % of Market (NPW) .............................0.11 Earned Loss Ratio.............................15.83 Total Expense Ratio ..........................58.75 Combined Loss & Exp. Ratio ............74.58 Return on Equity................................16.48
+$10,344,000 +$4,258,000
2005:
+$3,370,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 109 Liberty
5/9/08
10:22 AM
Page 109
Aims to provide ‘peace of mind’ to Canadian business leaders. – Anthony Armstrong , D&O and Fidelity Underwriting Manager, Eastern Region
Yes, there’s a Specialty Casualty insurer as responsible as you are. At Liberty International Underwriters we take the worry out of professional and management liability. Our team of experienced underwriters knows that off-the-shelf products don’t fit every clients’ needs. That’s why we design customized insurance solutions to protect an organizations’ people, profit and profile. And in the event of a claim, LIU has dedicated staff who are well versed in professional and management liability claims.
To obtain more information about our Specialty Casualty products, contact Anthony Armstrong at 514.448.7490.
Responsibility. What’s your policy?™
DIRECTORS & OFFICERS • PROFESSIONAL LIABILIT Y • KIDNAP & RANSOM • FIDELIT Y • FIDUCIARY • EMPLOYMENT PRACTICES LIABILIT Y
Liberty International Underwriters a division of Liberty Mutual Insurance Company
p 110-131 UNDERWRITER-2.chp
Class
5/9/08
Net Premiums Written $
10:22 AM
Net Premiums Earned $
Page 110
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
LONDON & MIDLAND GENERAL INSURANCE COMPANY
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
D-US
300, 455 Fenelon Dorval QC H9S 5T8 514-531-2710 Fax 514-631-9788 www.lumbermensunderwriting.com cro@ins-lua.com
17,295,000 17,295,000 16,000 — 43,517,000 —————60,828,000 54,378,000 56,224,000 58,313,000 64,585,000
14,940,000 14,940,000 16,000 — 40,853,000 —————55,809,000 53,050,000 52,754,000 47,515,000 40,684,000
1,691,000 1,691,000 — –15,000 7,403,000 —————9,079,000 6,422,000 8,935,000 10,364,000 13,755,000
2007 Direct Premiums Written: +$79,015,000
11.32 11.32 — — 18.12 ———16.27 12.11 16.94 21.81 33.81
Growth: +9.92%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................11.86 % of Market (NPW) .............................0.18 Earned Loss Ratio.............................16.27 Total Expense Ratio ..........................–6.04 Combined Loss & Exp. Ratio ............10.23 Return on Equity................................27.20
Reinsurance Assumed ........................71,000 Reinsurance Ceded .....................18,258,000 Net Premiums Written ..................60,828,000 Net Premiums Earned..................55,809,000 Net Claims & Adj Exp.....................9,079,000 Commissions................................–7,378,000 Taxes .............................................1,981,000 General Expenses..........................2,025,000 Undrwtg. Profit/Loss.....................50,102,000 Investment Income.......................16,400,000
Underwriting Result 2007: +$50,102,000 2004: +$36,129,000
Net Premiums Written $
LUMBERMEN’S UNDERWRITING D-C ALLIANCE
A.W. Miles, Chief Executive Officer 201 Queens Ave. London ON N6A 1J1 519-672-1070 Fax 519-672-2623 Prop. - Personal................. Prop. - Total ....................... Legal Expense ................... Liability............................... Accident & Sickness ..........
Class
2006: 2003:
+$50,186,000 +$25,776,000
2005:
+$47,122,000
Prop. - Commercial............ Prop. - Total ....................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
43,235,000 43,235,000 —————43,235,000 34,123,000 44,827,000 56,868,000 56,462,000
35,883,000 35,883,000 —————35,883,000 42,335,000 46,143,000 50,539,000 52,443,000
2007 Direct Premiums Written: +$62,999,000
29,628,000 29,628,000 —————29,628,000 28,417,000 3,683,000 7,767,000 22,005,000
82.57 82.57 ———82.57 67.12 7.98 15.37 41.96
Growth: +15.14%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................26.70 % of Market (NPW) .............................0.13 Earned Loss Ratio.............................82.57 Total Expense Ratio ..........................48.75 Combined Loss & Exp. Ratio ..........131.32 Return on Equity..................................0.19
Reinsurance Assumed ...............................— Reinsurance Ceded .....................19,764,000 Net Premiums Written ..................43,235,000 Net Premiums Earned..................35,883,000 Net Claims & Adj Exp...................29,628,000 Commissions...................................–613,000 Taxes .............................................2,065,000 General Expenses........................16,041,000 Undrwtg. Profit/Loss...................–11,267,000 Investment Income.........................2,308,000
Underwriting Result 2007: –$11,267,000 2004: +$24,507,000
2006: 2003:
–$5,978,000 +$15,163,000
2005:
+$23,936,000
D-C 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 Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2003..........................
2,000 2,000 –1,000 –124,000 — –124,000 2,000 –24,000 —————–145,000 –133,000 –511,000 2,103,000
2,000 2,000 –1,000 –124,000 — –124,000 2,000 –24,000 —————–145,000 26,000 –553,000 6,634,000
2007 Direct Premiums Written: +$2,000
487,000 487,000 –483,000 –49,000 8,000 –41,000 — 238,000 —————201,000 6,159,000 –3,274,000 1,898,000
24,350.00 24,350.00 48,300.00 39.52 — 33.06 — –991.67 ———–138.62 23,688.46 592.04 28.61
Growth: –101.89%
Underwriting Result 2007: –$608,000 2003: –$124,000
2006:
166,000 166,000 98,000 48,000 103,000 249,000 6,200,000 —————6,615,000 5,756,000 6,466,000 5,954,000
2007 Direct Premiums Written: +$8,992,000
12,000 12,000 –1,000 5,000 –14,000 –10,000 2,193,000 —————2,195,000 2,353,000 1,079,000 2,484,000
7.23 7.23 –1.02 10.42 –13.59 –4.02 35.37 ———33.18 40.88 16.69 41.72
Growth: +11.69%
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary Reinsurance Assumed ........................–1,000 Reinsurance Ceded ..........................146,000 Net Premiums Written .....................–145,000 Net Premiums Earned.....................–145,000 Net Claims & Adj Exp........................201,000 Commissions.....................................–55,000 Taxes ..................................................–1,000 General Expenses.............................318,000 Undrwtg. Profit/Loss........................–608,000 Investment Income.........................1,592,000
Charlie (C.C.) Macaluso, CEO 3700 Steeles Ave. W., Suite 1100 Vaughan ON L4L 8K8 905-265-5300 Fax 905-265-5301 www.mearie.ca cmacaluso@mearie.ca Prop. - Commercial............ 166,000 Prop. - Total ....................... 166,000 Auto. - Liability ................... 98,000 Auto. - Pers. Acc................ 48,000 Auto. - Other ...................... 103,000 Auto. - Total ....................... 249,000 Liability............................... 6,200,000 —————Total 2007.......................... 6,615,000 Total 2006.......................... 5,756,000 Total 2005.......................... 6,466,000 Total 2004.......................... 5,954,000
% Growth Rate (NPW) ............................9.02 % of Market (NPW) ...........................–0.00 Earned Loss Ratio.........................–138.62 Total Expense Ratio ......................–180.69 Combined Loss & Exp. Ratio ........–319.31 Return on Equity..................................3.97
–$6,652,000
2005:
+$1,744,000
Reinsurance Assumed ...............................— Reinsurance Ceded .......................2,377,000 Net Premiums Written ....................6,615,000 Net Premiums Earned....................6,615,000 Net Claims & Adj Exp.....................2,195,000 Commissions ..............................................— Taxes ................................................275,000 General Expenses..........................1,902,000 Undrwtg. Profit/Loss.......................2,332,000 Investment Income.........................1,900,000
Underwriting Result 2007: +$2,332,000 2004: +$1,860,000
2006:
% Growth Rate (NPW) ..........................14.92 % of Market (NPW) .............................0.02 Earned Loss Ratio.............................33.18 Total Expense Ratio ..........................32.91 Combined Loss & Exp. Ratio ............66.09 Return on Equity................................15.89
+$1,450,000
2005:
+$3,871,000
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 110-131 UNDERWRITER-2.chp
Class
5/9/08
Net Premiums Written $
10:28 AM
Net Premiums Earned $
Page 111
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
MENNONITE MUTUAL FIRE INSURANCE COMPANY
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
4,428,000 4,428,000 138,000 138,000 356,000 —————4,922,000 4,734,000 4,577,000 4,618,000 4,186,000
4,257,000 4,257,000 140,000 140,000 331,000 —————4,728,000 4,719,000 4,388,000 4,336,000 4,145,000
2,813,000 2,813,000 48,000 48,000 79,000 —————2,940,000 2,795,000 2,843,000 1,998,000 2,396,000
2007 Direct Premiums Written: +$10,715,000
66.08 66.08 34.29 34.29 23.87 ———62.18 59.23 64.79 46.08 57.80
Growth: +6.72%
Underwriting Result 2007: –$437,000 2004: +$810,000
2006: 2003:
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
C.W. Hastings, Director Canadian Operations Chief Agent In Canada 8500 Leslie St., Suite 400 Thornhill ON L3T 7M8 905-882-3900 Fax 905-882-3955 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
16,035,000 — 16,035,000 18,957,000 13,309,000 23,794,000 56,060,000 127,022,000 —————199,117,000 211,107,000 204,220,000 190,766,000 201,277,000
–1,880,000 10,652,000 8,772,000 19,212,000 13,404,000 24,018,000 56,634,000 143,603,000 —————209,009,000 220,849,000 226,382,000 204,217,000 159,966,000
2,175,000 –14,000 2,161,000 4,946,000 12,715,000 22,626,000 40,287,000 93,733,000 —————136,181,000 167,607,000 173,743,000 150,350,000 150,587,000
2007 Direct Premiums Written: +$202,051,000
Growth: –5.96%
% Growth Rate (NPW) ............................3.97 % of Market (NPW) .............................0.01 Earned Loss Ratio.............................62.18 Total Expense Ratio ..........................48.35 Combined Loss & Exp. Ratio ..........110.53 Return on Equity................................–5.00
–$290,000 +$13,000
2005:
–$845,000
% Growth Rate (NPW) ..........................–5.68 % of Market (NPW) .............................0.60 Earned Loss Ratio.............................65.16 Total Expense Ratio ..........................15.57 Combined Loss & Exp. Ratio ............80.73 Return on Equity................................23.36
Reinsurance Assumed ...............................— Reinsurance Ceded .......................2,934,000 Net Premiums Written ................199,117,000 Net Premiums Earned................209,009,000 Net Claims & Adj Exp.................136,181,000 Commissions................................13,792,000 Taxes .............................................6,263,000 General Expenses........................12,495,000 Undrwtg. Profit/Loss.....................41,407,000 Investment Income.......................24,358,000
Underwriting Result 2007: +$41,407,000 2004: +$25,892,000
2006: 2003:
+$27,100,000 –$12,274,000
2005:
+$25,594,000
THE MUTUAL FIRE INSURANCE COMPANY OF BRITISH COLUMBIA
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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
159,000 9,965,000 10,124,000 5,727,000 3,121,000 245,000 631,000 3,997,000 275,000 185,000 4,445,000 751,000 — —————25,504,000 24,863,000 22,386,000 20,355,000 17,566,000
21,000 4,518,000 4,539,000 2,691,000 2,648,000 28,000 35,000 2,711,000 –207,000 163,000 8,238,000 868,000 –11,000 —————18,992,000 13,034,000 14,187,000 581,000 8,851,000
2007 Direct Premiums Written: +$28,413,000
13.21 45.34 44.83 46.99 84.84 11.43 5.55 67.83 –75.27 88.11 185.33 115.58 — ———74.47 52.42 63.37 2.85 50.39
Growth: +1.63%
2007 Underwriting Performance Summary Reinsurance Assumed ......................152,000 Reinsurance Ceded .......................2,940,000 Net Premiums Written ..................25,625,000 Net Premiums Earned..................25,504,000 Net Claims & Adj Exp...................18,992,000 Commissions..................................3,294,000 Taxes ................................................996,000 General Expenses..........................3,697,000 Undrwtg. Profit/Loss.....................–1,475,000 Investment Income.........................3,336,000
Underwriting Result 2007: –$1,475,000 2004: +$13,954,000
2006: 2003:
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
10,971,000 10,971,000 1,181,000 —————12,152,000 8,416,000 7,523,000 7,265,000 4,893,000
9,323,000 9,323,000 990,000 —————10,313,000 7,843,000 7,113,000 6,315,000 4,025,000
2007 Direct Premiums Written: +$18,800,000
4,473,000 4,473,000 749,000 —————5,222,000 3,311,000 2,438,000 1,934,000 1,871,000
47.98 47.98 75.66 ———50.64 42.22 34.28 30.63 46.48
Growth: +17.79%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................6,648,000 Net Premiums Written ..................12,152,000 Net Premiums Earned..................10,313,000 Net Claims & Adj Exp.....................5,222,000 Commissions..................................2,116,000 Taxes..........................................................— General Expenses..........................2,447,000 Undrwtg. Profit/Loss..........................551,000 Investment Income.........................1,012,000
Underwriting Result 2007: +$551,000 2004: +$2,322,000
2006: 2003:
% Growth Rate (NPW) ..........................44.39 % of Market (NPW) .............................0.04 Earned Loss Ratio.............................50.64 Total Expense Ratio ..........................44.25 Combined Loss & Exp. Ratio ............94.89 Return on Equity..................................8.74
+$2,432,000 +$659,000
% Growth Rate (NPW) ..........................–1.72 % of Market (NPW) .............................0.08 Earned Loss Ratio.............................74.47 Total Expense Ratio ..........................31.32 Combined Loss & Exp. Ratio ..........105.79 Return on Equity................................20.76
+$3,887,000 +$3,741,000
B-C
J. Bredenhof, President Darin Nessel, CEO 201-9366-200A Street Langley BC V1M 4B3 604-881-1250 Fax 604-881-1440 www.mutualfirebc.com dlnessel@mutualfirebc.com Prop. - Personal................. Prop. - Total ....................... Liability...............................
153,000 10,017,000 10,170,000 5,548,000 4,068,000 53,000 57,000 4,178,000 276,000 197,000 4,371,000 885,000 — —————25,625,000 26,073,000 24,733,000 22,390,000 18,340,000
–115.69 –0.13 24.64 25.74 94.86 94.20 71.14 65.27 ———65.16 75.89 76.75 73.62 94.14
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................5,793,000 Net Premiums Written ....................4,922,000 Net Premiums Earned....................4,728,000 Net Claims & Adj Exp.....................2,940,000 Commissions.....................................543,000 Taxes ................................................224,000 General Expenses..........................1,519,000 Undrwtg. Profit/Loss........................–437,000 Investment Income............................212,000
Net Premiums Written $
MOTORS INSURANCE CORPORATIOND-US B-C
Earl W. Harder, General Manager Box 190 Waldheim SK S0K 4R0 306-945-2239 Fax 306-945-4666 www.mmfi.com harderew@mmfi.com Prop. - Personal................. Prop. - Total ....................... Auto. - Other ...................... Auto. - Total ....................... Liability...............................
Class
2005:
+$2,918,000
Helping rate your entire portfolio against the marketplace
Strategy 2005:
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
+$1,449,000
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p 110-131 UNDERWRITER-2.chp
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Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
LOMBARD CANADA GROUP B-C LOMBARD CANADA LTD 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 prepared on a statutory reporting basis, which may differ from the basis reflected in Northbridge’s audited consolidated financial statements. 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 ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
44,349,000 218,305,000 262,654,000 267,328,000 67,608,000 171,549,000 506,485,000 3,978,000 2,941,000 8,361,000 238,607,000 8,800,000 15,988,000 —————1,047,814,000 1,077,579,000 1,101,099,000 1,100,799,000 997,566,000
44,825,000 213,845,000 258,670,000 273,947,000 67,318,000 174,420,000 515,685,000 3,954,000 2,994,000 8,361,000 248,141,000 6,441,000 11,578,000 —————1,055,824,000 1,077,622,000 1,078,719,000 1,073,373,000 866,693,000
24,185,000 111,211,000 135,396,000 217,593,000 43,839,000 114,561,000 375,993,000 379,000 1,383,000 9,967,000 154,307,000 409,000 8,238,000 —————686,072,000 642,947,000 653,562,000 645,654,000 562,534,000
2007 Direct Premiums Written: +$1,470,031,000
53.95 52.01 52.34 79.43 65.12 65.68 72.91 9.59 46.19 119.21 62.19 6.35 71.15 ———64.98 59.66 60.59 60.15 64.91
Growth: –2.99%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................–2.76 % of Market (NPW) .............................3.14 Earned Loss Ratio.............................64.98 Total Expense Ratio ..........................29.57 Combined Loss & Exp. Ratio ............94.55 Return on Equity................................22.12
Reinsurance Assumed ...................3,788,000 Reinsurance Ceded ...................433,957,000 Net Premiums Written .............1,047,814,000 Net Premiums Earned.............1,055,824,000 Net Claims & Adj Exp.................686,072,000 Commissions..............................107,095,000 Taxes ...........................................48,120,000 General Expenses......................156,949,000 Undrwtg. Profit/Loss.....................66,048,000 Investment Income.....................311,443,000
Underwriting Result 2007: +$66,048,000
COMMONWEALTH INSURANCE COMPANY
B-C
Tim Ius, President Suite 1500 - Bentall III Vancouver BC V7X 1G4 604-683-5511 Fax 604-683-8968 Prop. - Commercial............ Prop. - Total ....................... Liability............................... Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
23,951,000 23,951,000 32,051,000 637,000 —————56,639,000 65,886,000 69,765,000 70,073,000 65,609,000
30,024,000 30,024,000 36,422,000 605,000 —————67,051,000 64,184,000 60,603,000 64,369,000 55,202,000
2007 Direct Premiums Written: +$124,900,000
21,916,000 21,916,000 17,991,000 653,000 —————40,560,000 18,043,000 15,801,000 29,566,000 35,884,000
72.99 72.99 49.40 107.93 ———60.49 28.11 26.07 45.93 65.00
Growth: –13.78%
2007 Underwriting Performance Summary Reinsurance Assumed ........................37,000 Reinsurance Ceded .....................68,298,000 Net Premiums Written ..................56,639,000 Net Premiums Earned..................67,051,000 Net Claims & Adj Exp...................40,560,000 Commissions................................–4,976,000 Taxes .............................................4,873,000 General Expenses........................13,565,000 Undrwtg. Profit/Loss.....................13,029,000 Investment Income.........................8,721,000
Underwriting Result 2007: +$13,029,000 2004: +$31,391,000 112
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................60.49 Total Expense Ratio ..........................20.08 Combined Loss & Exp. Ratio ............80.57 Return on Equity..................................7.02
+$35,998,000 +$10,765,000
B-C
LOMBARD INSURANCE COMPANY LOMBARD GENERAL INSURANCE COMPANY OF CANADA ZENITH INSURANCE COMPANY Richard N. Patina, President 105 Adelaide St. W. P.O. Box 219A Toronto ON M5H 1P9 416-350-4400 Fax 416-350-4412 www.lombard.ca webmaster@lombard.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
40,900,000 145,871,000 186,771,000 149,451,000 59,959,000 93,083,000 302,493,000 3,703,000 2,783,000 8,361,000 180,363,000 8,651,000 15,351,000 —————708,476,000 699,685,000 691,622,000 715,254,000 702,473,000
41,443,000 135,387,000 176,830,000 149,131,000 59,877,000 92,479,000 301,487,000 3,705,000 2,844,000 8,361,000 184,781,000 6,296,000 10,973,000 —————695,277,000 689,900,000 688,105,000 705,524,000 621,261,000
20,567,000 61,386,000 81,953,000 136,133,000 36,795,000 53,743,000 226,671,000 313,000 1,034,000 9,967,000 122,728,000 422,000 7,585,000 —————450,673,000 418,599,000 426,968,000 416,927,000 392,813,000
2007 Direct Premiums Written: +$996,300,000
2005:
+$39,398,000
49.63 45.34 46.35 91.28 61.45 58.11 75.18 8.45 36.36 119.21 66.42 6.70 69.12 ———64.82 60.68 62.05 59.09 63.23
Growth: +0.76%
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................64.82 Total Expense Ratio ..........................30.58 Combined Loss & Exp. Ratio ............95.40 Return on Equity................................27.75
Reinsurance Assumed ......................121,000 Reinsurance Ceded ...................295,897,000 Net Premiums Written ................708,476,000 Net Premiums Earned................695,277,000 Net Claims & Adj Exp.................450,673,000 Commissions................................95,711,000 Taxes ...........................................31,979,000 General Expenses........................84,925,000 Undrwtg. Profit/Loss.....................39,756,000 Investment Income.....................200,846,000
Underwriting Result 2007: +$39,756,000 2004: +$79,780,000
2006: 2003:
+$65,806,000 +$33,183,000
2005:
+$70,647,000
MARKEL INSURANCE COMPANY OF CANADA
2006: +$136,865,000
Earned Loss Ratio %
B-C
Silvy Wright, President 55 University Ave. Toronto ON M5J 2H7 416-364-7800 Fax 416-364-1625 www.markel.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— 15,359,000 15,359,000 99,950,000 4,543,000 57,777,000 162,270,000 2,067,000 —————179,696,000 208,555,000 240,445,000 233,009,000 152,853,000
— 15,746,000 15,746,000 106,173,000 4,319,000 61,308,000 171,800,000 2,121,000 —————189,667,000 218,421,000 244,078,000 225,170,000 126,390,000
2007 Direct Premiums Written: +$218,332,000
6,000 13,410,000 13,416,000 64,238,000 6,509,000 44,423,000 115,170,000 411,000 —————128,997,000 147,927,000 160,368,000 148,025,000 94,284,000
— 85.16 85.20 60.50 150.71 72.46 67.04 19.38 ———68.01 67.73 65.70 65.74 74.60
Growth: –15.39%
2007 Underwriting Performance Summary Reinsurance Assumed ...................3,630,000 Reinsurance Ceded .....................42,266,000 Net Premiums Written ................179,696,000 Net Premiums Earned................189,667,000 Net Claims & Adj Exp.................128,997,000 Commissions................................12,655,000 Taxes .............................................6,947,000 General Expenses........................31,884,000 Undrwtg. Profit/Loss.......................9,184,000 Investment Income.......................59,144,000
Underwriting Result 2007: +$9,184,000 2004: +$22,166,000
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................68.01 Total Expense Ratio ..........................27.15 Combined Loss & Exp. Ratio ............95.16 Return on Equity................................25.61
+$19,205,000 +$7,424,000
2005:
+$28,668,000
Northbridge group continues on page 114
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 110-131 UNDERWRITER-2.chp
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10:29 AM
Page 113
Partner with Canada’s largest commercial insurance group As Canada’s largest writer of commercial insurance, the Northbridge group delivers the specialized expertise and innovative solutions you need to attract and retain commercial business. From small, local businesses to large, complex industrial risks and everything in between, we provide the customized service that is critical to success. And as a Canadian-owned and operated company, you can be confident that we’ll be around for the long term. Whatever your needs, we can deliver.
www.norfin.com
p 110-131 UNDERWRITER-2.chp
Class
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Net Premiums Written $
10:29 AM
Net Premiums Earned $
Page 114
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
D-C John Paisley, President 717 Portage Ave., P.O. Box 5800 Winnipeg MB R3C 3C9 204-786-6431 Fax 204-784-6755 www.federated.ca webmaster@federated.ca
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
3,449,000 33,124,000 36,573,000 17,927,000 3,106,000 20,689,000 41,722,000 275,000 158,000 24,126,000 149,000 —————103,003,000 103,453,000 99,267,000 82,463,000 76,631,000
3,382,000 32,688,000 36,070,000 18,643,000 3,122,000 20,633,000 42,398,000 249,000 150,000 24,817,000 145,000 —————103,829,000 105,117,000 85,933,000 78,310,000 63,840,000
3,612,000 14,499,000 18,111,000 17,222,000 535,000 16,395,000 34,152,000 66,000 349,000 13,177,000 –13,000 —————65,842,000 58,378,000 50,425,000 51,136,000 39,553,000
2007 Direct Premiums Written: +$130,499,000
106.80 44.36 50.21 92.38 17.14 79.46 80.55 26.51 232.67 53.10 –8.97 ———63.41 55.54 58.68 65.30 61.96
Growth: –0.85%
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................63.41 Total Expense Ratio ..........................33.32 Combined Loss & Exp. Ratio ............96.73 Return on Equity................................30.18
Reinsurance Assumed ...............................— Reinsurance Ceded .....................27,496,000 Net Premiums Written ................103,003,000 Net Premiums Earned................103,829,000 Net Claims & Adj Exp...................65,842,000 Commissions..................................3,705,000 Taxes .............................................4,321,000 General Expenses........................26,575,000 Undrwtg. Profit/Loss.......................4,079,000 Investment Income.......................42,732,000
Underwriting Result 2007: +$4,079,000 2004: +$5,980,000
2006: 2003:
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
NORTH WATERLOO FARMERS MUTUAL INSURANCE COMPANY
Northbridge group continued from page 112
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................
Class
+$16,356,000 +$5,974,000
2005:
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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Hail .................................... Liability............................... Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
17,371,000 8,729,000 26,100,000 4,290,000 3,555,000 6,061,000 13,906,000 –1,457,000 4,637,000 3,000 —————43,189,000 32,418,000 28,844,000 28,077,000 26,295,000
16,405,000 8,614,000 25,019,000 3,349,000 2,780,000 4,801,000 10,930,000 –1,457,000 4,500,000 1,000 —————38,993,000 30,581,000 28,170,000 26,337,000 22,996,000
2007 Direct Premiums Written: +$50,306,000
7,694,000 6,791,000 14,485,000 2,166,000 3,460,000 3,127,000 8,753,000 2,000 1,340,000 — —————24,580,000 18,741,000 15,607,000 14,111,000 11,276,000
Growth: +19.32%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................33.23 % of Market (NPW) .............................0.13 Earned Loss Ratio.............................63.04 Total Expense Ratio ..........................40.14 Combined Loss & Exp. Ratio ..........103.18 Return on Equity..................................6.41
Reinsurance Assumed ........................35,000 Reinsurance Ceded .......................7,152,000 Net Premiums Written ..................43,189,000 Net Premiums Earned..................38,993,000 Net Claims & Adj Exp...................24,580,000 Commissions..................................9,084,000 Taxes .............................................1,486,000 General Expenses..........................5,080,000 Undrwtg. Profit/Loss........................–743,000 Investment Income.........................3,144,000
Underwriting Result 2007: –$743,000 2004: +$908,000
2006: 2003:
–$1,045,000 +$1,730,000
2005:
+$340,000
+$8,612,000
OLD REPUBLIC INSURANCE COMPANY OF CANADA NATIONAL LIABILITY & FIRE INSURANCE COMPANY
D-US
V Lorraine Williams, Chief Agent for Canada c/o D M Williams & Associates Ltd. 3650 Victoria Park Avenue, Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax 416-496-1089 Aircraft ............................... Liability............................... Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................
41,237,000 14,000 11,000 —————41,262,000 43,451,000 41,968,000 19,962,000
42,028,000 12,000 1,000 —————42,041,000 56,020,000 29,726,000 5,821,000
23,844,000 22,000 20,000 —————23,886,000 21,819,000 4,952,000 2,902,000
2007 Direct Premiums Written: +$38,021,000
56.73 183.33 2,000.00 ———56.82 38.95 16.66 49.85
Growth: –3.35%
2007 Underwriting Performance Summary Reinsurance Assumed .................16,569,000 Reinsurance Ceded .....................13,328,000 Net Premiums Written ..................41,262,000 Net Premiums Earned..................42,041,000 Net Claims & Adj Exp...................23,886,000 Commissions..................................3,334,000 Taxes .............................................1,291,000 General Expenses..........................1,297,000 Undrwtg. Profit/Loss.....................12,233,000 Investment Income.........................6,327,000
Underwriting Result 2007: +$12,233,000 2004: +$1,307,000 114
2006:
46.90 78.84 57.90 64.68 124.46 65.13 80.08 –0.14 29.78 — ———63.04 61.28 55.40 53.58 49.03
D-US
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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................
508,000 2,751,000 3,259,000 22,000 18,926,000 2,233,000 7,663,000 28,822,000 4,670,000 —————36,773,000 40,409,000 46,370,000 39,892,000
600,000 2,890,000 3,490,000 20,000 19,621,000 2,233,000 8,199,000 30,053,000 4,674,000 —————38,237,000 43,801,000 44,965,000 37,105,000
489,000 2,451,000 2,940,000 42,000 11,516,000 2,559,000 5,105,000 19,180,000 1,000 —————22,163,000 25,810,000 24,367,000 18,956,000
2007 Direct Premiums Written: +$48,297,000
81.50 84.81 84.24 210.00 58.69 114.60 62.26 63.82 0.02 ———57.96 58.93 54.19 51.09
Growth: –9.38%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................–5.04 % of Market (NPW) .............................0.12 Earned Loss Ratio.............................56.82 Total Expense Ratio ..........................14.09 Combined Loss & Exp. Ratio ............70.91 Return on Equity................................15.12
+$28,777,000
2005:
+$19,728,000
Reinsurance Assumed ........................15,000 Reinsurance Ceded .....................11,539,000 Net Premiums Written ..................36,773,000 Net Premiums Earned..................38,237,000 Net Claims & Adj Exp...................22,163,000 Commissions..................................6,761,000 Taxes .............................................1,577,000 General Expenses..........................4,376,000 Undrwtg. Profit/Loss.......................3,360,000 Investment Income.........................4,640,000
Underwriting Result 2007: +$3,360,000 2004: +$6,623,000
2006:
% Growth Rate (NPW) ..........................–9.00 % of Market (NPW) .............................0.11 Earned Loss Ratio.............................57.96 Total Expense Ratio ..........................33.25 Combined Loss & Exp. Ratio ............91.21 Return on Equity................................10.29
+$4,257,000
2005:
+$7,053,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 110-131 UNDERWRITER-2.chp
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Net Premiums Written $
Class
10:29 AM
Net Premiums Earned $
Page 115
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
OMEGA GENERAL INSURANCE COMPANY
Total 2007.......................... Total 2006.......................... Total 2005..........................
614,000 614,000 –39,000 —————575,000 1,666,000 704,000
736,000 736,000 11,000 —————747,000 1,482,000 513,000
235,000 235,000 –31,000 —————204,000 441,000 286,000
31.93 31.93 –281.82 ———27.31 29.76 55.75
Growth: –59.92%
Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability...............................
2007 Underwriting Performance Summary % Growth Rate (NPW) ........................–65.49 % of Market (NPW) .............................0.00 Earned Loss Ratio.............................27.31 Total Expense Ratio ........................365.60 Combined Loss & Exp. Ratio ..........392.91 Return on Equity................................–8.75
Reinsurance Assumed ......................250,000 Reinsurance Ceded ..........................853,000 Net Premiums Written .......................575,000 Net Premiums Earned.......................747,000 Net Claims & Adj Exp........................204,000 Commissions.......................................81,000 Taxes ..................................................68,000 General Expenses..........................2,582,000 Undrwtg. Profit/Loss.....................–2,188,000 Investment Income............................505,000
2006:
–$1,496,000
2005:
–$1,536,000
Tim Shalif, Chairman Of The Board Glen Johnson, B.A., C.A.E., President 1305 Bishop St. N., Box 3187 Cambridge ON N3H 4S6 519-622-9220 Fax 519-622-9227 www.omia.com
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Earned Loss Ratio %
D-C
180,953,000 25,823,000 206,776,000 58,429,000 37,749,000 49,177,000 145,355,000 –4,000 144,000 31,245,000 205,000 —————383,721,000 376,453,000 364,795,000 361,248,000 336,960,000
176,560,000 26,420,000 202,980,000 56,582,000 37,824,000 49,426,000 143,832,000 –4,000 138,000 30,557,000 203,000 —————377,706,000 372,357,000 358,510,000 348,573,000 307,140,000
108,385,000 6,196,000 114,581,000 44,699,000 24,094,000 30,575,000 99,368,000 — 20,000 18,060,000 181,000 —————232,210,000 228,318,000 215,285,000 222,411,000 220,891,000
61.39 23.45 56.45 79.00 63.70 61.86 69.09 — 14.49 59.10 89.16 ———61.48 61.32 60.05 63.81 71.92
Growth: +1.93%
2007 Underwriting Performance Summary Reinsurance Assumed ...................1,452,000 Reinsurance Ceded .....................93,697,000 Net Premiums Written ................383,721,000 Net Premiums Earned................377,706,000 Net Claims & Adj Exp.................232,210,000 Commissions................................72,877,000 Taxes .............................................1,090,000 General Expenses........................66,556,000 Undrwtg. Profit/Loss.......................7,661,000 Investment Income.......................49,590,000
2006: 2003:
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
8,329,000 8,329,000 583,000 286,000 350,000 1,219,000 102,000 954,000 20,415,000 —————31,019,000 30,051,000 26,054,000 24,598,000 20,907,000
8,329,000 8,329,000 646,000 286,000 414,000 1,346,000 102,000 954,000 20,811,000 —————31,542,000 30,487,000 26,054,000 24,598,000 20,907,000
8,166,000 8,166,000 464,000 –494,000 305,000 275,000 9,000 252,000 18,782,000 —————27,484,000 26,278,000 26,014,000 22,014,000 22,811,000
2007 Direct Premiums Written: +$34,212,000
98.04 98.04 71.83 –172.73 73.67 20.43 8.82 26.42 90.25 ———87.13 86.19 99.85 89.50 109.11
Growth: +2.29%
% Growth Rate (NPW) ............................3.22 % of Market (NPW) .............................0.09 Earned Loss Ratio.............................87.13 Total Expense Ratio ............................8.19 Combined Loss & Exp. Ratio ............95.32 Return on Equity................................19.40
Reinsurance Assumed ...............................— Reinsurance Ceded .......................3,193,000 Net Premiums Written ..................31,019,000 Net Premiums Earned..................31,542,000 Net Claims & Adj Exp...................27,484,000 Commissions ..............................................— Taxes ................................................985,000 General Expenses..........................1,599,000 Undrwtg. Profit/Loss.......................1,474,000 Investment Income.........................6,246,000
Underwriting Result 2007: +$1,474,000 2004: +$502,000
2006: 2003:
+$1,708,000 –$4,032,000
2005:
–$2,210,000
PACIFIC COAST FISHERMEN’S MUTUAL MARINE INSURANCE COMPANY D-C
2007 Direct Premiums Written: +$475,966,000
Underwriting Result 2007: +$7,661,000 2004: +$11,116,000
Net Claims and Adjusting Expenses $
2007 Underwriting Performance Summary
B-C
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Hail .................................... Liability............................... Accident & Sickness ..........
Net Premiums Earned $
Jim H. Sami, CEO 91 Westmount Rd. Guelph ON N1H 5J2 519-767-2182 Fax 519-767-0281
2007 Direct Premiums Written: +$1,178,000
Underwriting Result 2007: –$2,188,000
Net Premiums Written $
ONTARIO SCHOOL BOARD’S B-C INSURANCE EXCHANGE
Philip Cook, Chief Agent 36 King St. E., Suite 500 Toronto ON M5C 1E5 www.omegageneral.com contactus@omegageneral.com Prop. - Commercial............ Prop. - Total ....................... Liability...............................
Class
% Growth Rate (NPW) ............................1.93 % of Market (NPW) .............................1.15 Earned Loss Ratio.............................61.48 Total Expense Ratio ..........................37.20 Combined Loss & Exp. Ratio ............98.68 Return on Equity..................................6.10
+$14,334,000 –$17,206,000
2005:
3757 Canada Way Burnaby BC V5G 1G5 604-438-4240 Fax 604-438-5756 www.mutualmarine.bc.ca info@mutualmarine.bc.ca Marine................................ Total 2007.......................... Total 2006.......................... Total 2005..........................
5,959,000 —————5,959,000 5,753,000 5,822,000
5,949,000 —————5,949,000 5,765,000 5,781,000
741,000 —————741,000 1,459,000 1,384,000
2007 Direct Premiums Written: +$6,794,000
12.46 ———12.46 25.31 23.94
Growth: +0.94%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded ..........................835,000 Net Premiums Written ....................5,959,000 Net Premiums Earned....................5,949,000 Net Claims & Adj Exp........................741,000 Commissions ..............................................— Taxes..........................................................— General Expenses..........................1,016,000 Undrwtg. Profit/Loss.......................4,202,000 Investment Income............................490,000
Underwriting Result 2007: +$4,202,000
2006:
% Growth Rate (NPW) ............................3.58 % of Market (NPW) .............................0.02 Earned Loss Ratio.............................12.46 Total Expense Ratio ..........................17.08 Combined Loss & Exp. Ratio ............29.54 Return on Equity................................75.94
+$3,390,000
2005:
+$3,487,000
+$20,916,000
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Enabling brokers to obtain premiums from the insurer in real-time CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
RateBridge™ 115
p 110-131 UNDERWRITER-2.chp
Class
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Net Premiums Written $
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Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
. B-C OPTIMUM WEST INSURANCE COMPANY OPTIMUM SOCIETE D’ASSURANCE INC. OPTIMUM ASSURANCE AGRICOLE INC. Jean-Claude Page, President & Chief Executive Officer 425 de Maisonneuve Blvd. W., Suite 1500 Montreal PQ H3A 3G5 514-288-8725 Fax 514-288-0760 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
25,554,000 16,582,000 42,136,000 10,583,000 4,087,000 7,136,000 21,806,000 1,000 7,000 12,159,000 –1,000 —————76,108,000 86,434,000 97,834,000 98,497,000 98,850,000
26,848,000 17,622,000 44,470,000 11,693,000 4,215,000 7,688,000 23,596,000 2,000 9,000 13,018,000 1,000 —————81,096,000 90,387,000 99,122,000 99,373,000 96,960,000
2007 Direct Premiums Written: +$96,368,000
17,950,000 7,470,000 25,420,000 5,348,000 2,372,000 4,817,000 12,537,000 — — 611,000 — —————38,568,000 45,357,000 53,069,000 54,665,000 57,118,000
66.86 42.39 57.16 45.74 56.28 62.66 53.13 — — 4.69 — ———47.56 50.18 53.54 55.01 58.91
Growth: –10.90%
2007 Underwriting Performance Summary % Growth Rate (NPW) ........................–11.95 % of Market (NPW) .............................0.23 Earned Loss Ratio.............................47.56 Total Expense Ratio ..........................48.93 Combined Loss & Exp. Ratio ............96.49 Return on Equity................................11.83
Reinsurance Assumed .................21,278,000 Reinsurance Ceded .....................41,538,000 Net Premiums Written ..................76,108,000 Net Premiums Earned..................81,096,000 Net Claims & Adj Exp...................38,568,000 Commissions................................14,577,000 Taxes .............................................3,423,000 General Expenses........................21,682,000 Undrwtg. Profit/Loss.......................2,846,000 Investment Income.........................5,133,000
Underwriting Result 2007: +$2,846,000 2004: –$1,025,000
2006: 2003:
+$3,874,000 –$2,302,000
2005:
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
4,439,000 4,439,000 82,000 1,000 156,000 239,000 750,000 —————5,428,000 5,445,000 5,509,000 5,436,000 4,677,000
B-C
1,735,000 1,735,000 34,000 — 55,000 89,000 381,000 —————2,205,000 2,733,000 2,665,000 2,325,000 2,039,000
39.09 39.09 41.46 — 35.26 37.24 50.80 ———40.62 50.19 48.38 42.77 43.60
Growth: –3.86%
2007 Underwriting Performance Summary
Underwriting Result 2007: +$970,000 2004: +$757,000 116
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................40.62 Total Expense Ratio ..........................41.51 Combined Loss & Exp. Ratio ............82.13 Return on Equity..................................9.72
+$491,000 +$825,000
26,770,000 9,414,000 36,184,000 9,306,000 3,979,000 6,087,000 19,372,000 2,000 –5,000 9,553,000 1,000 —————65,107,000 63,034,000 74,668,000 49,952,000 51,494,000
2007 Direct Premiums Written: +$52,051,000
17,730,000 3,219,000 20,949,000 3,847,000 2,745,000 3,569,000 10,161,000 — — 1,531,000 — —————32,641,000 31,503,000 41,966,000 27,638,000 29,706,000
66.23 34.19 57.90 41.34 68.99 58.63 52.45 — — 16.03 — ———50.13 49.98 56.20 55.33 57.69
Growth: –11.03%
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................50.13 Total Expense Ratio ..........................48.38 Combined Loss & Exp. Ratio ............98.51 Return on Equity................................11.37
Reinsurance Assumed .................21,278,000 Reinsurance Ceded .....................11,798,000 Net Premiums Written ..................61,531,000 Net Premiums Earned..................65,107,000 Net Claims & Adj Exp...................32,641,000 Commissions................................16,785,000 Taxes .............................................1,818,000 General Expenses........................12,895,000 Undrwtg. Profit/Loss..........................968,000 Investment Income.........................3,213,000
2006: 2003:
+$2,508,000 –$2,225,000
2005:
+$535,000
B-C
2007 Direct Premiums Written: +$7,516,000
Reinsurance Assumed ...............................— Reinsurance Ceded .......................2,252,000 Net Premiums Written ....................5,264,000 Net Premiums Earned....................5,428,000 Net Claims & Adj Exp.....................2,205,000 Commissions..................................1,159,000 Taxes..........................................................— General Expenses..........................1,094,000 Undrwtg. Profit/Loss..........................970,000 Investment Income............................786,000
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
25,476,000 8,800,000 34,276,000 8,777,000 3,884,000 5,698,000 18,359,000 1,000 –5,000 8,901,000 –1,000 —————61,531,000 66,596,000 69,995,000 51,398,000 50,496,000
+$2,707,000
Jean-Claude Page, President & Chief Executive Officer 25 des Forges Street, Suite 422 Trois-Rivieres PQ G9A 6A7 819-373-2040 Fax 819-373-2801 4,325,000 4,325,000 77,000 1,000 146,000 224,000 715,000 —————5,264,000 5,390,000 5,573,000 5,981,000 4,766,000
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................
Underwriting Result 2007: +$968,000 2004: –$739,000
OPTIMUM ASSURANCE AGRICOLE INC.
Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability...............................
B-C Jean-Claude Page, President & Chief Executive Officer 425 West, De Maisonneuve Blvd., Suite 1500 Montreal PQ H3A 3G5 514-288-8711 Fax 514-288-8269
2005:
+$703,000
Jean-Claude Page, President & Chief Executive Officer 600-4211 Kingsway Burnaby BC V5H 1Z6 604-688-1541 Fax 604-688-1527 www.optimumwest.bc.ca Prop. - Personal................. 78,000 78,000 Prop. - Commercial............ 3,457,000 3,769,000 Prop. - Total ....................... 3,535,000 3,847,000 Auto. - Liability ................... 1,729,000 2,305,000 Auto. - Pers. Acc................ 202,000 235,000 Auto. - Other ...................... 1,292,000 1,445,000 Auto. - Total ....................... 3,223,000 3,985,000 Fidelity ............................... 12,000 14,000 Liability............................... 2,543,000 2,715,000 ——————————Total 2007.......................... 9,313,000 10,561,000 Total 2006.......................... 14,448,000 21,908,000 Total 2005.......................... 22,265,000 18,944,000 Total 2004.......................... 19,295,000 19,556,000 Total 2003.......................... 15,584,000 14,651,000
2007 Direct Premiums Written: +$36,801,000
220,000 2,516,000 2,736,000 1,467,000 –373,000 1,193,000 2,287,000 — –1,301,000 —————3,722,000 11,121,000 8,438,000 10,808,000 7,682,000
282.05 66.76 71.12 63.64 –158.72 82.56 57.39 — –47.92 ———35.24 50.76 44.54 55.27 52.43
Growth: –12.02%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................27,488,000 Net Premiums Written ....................9,313,000 Net Premiums Earned..................10,561,000 Net Claims & Adj Exp.....................3,722,000 Commissions................................–3,367,000 Taxes .............................................1,605,000 General Expenses..........................7,252,000 Undrwtg. Profit/Loss.......................1,349,000 Investment Income.........................1,462,000
Underwriting Result 2007: +$1,349,000 2004: –$601,000
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................35.24 Total Expense Ratio ..........................51.98 Combined Loss & Exp. Ratio ............87.22 Return on Equity................................15.19
+$914,000 –$230,000
2005:
+$1,954,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 110-131 UNDERWRITER-2.chp
5/9/08
Net Premiums Written $
Class
10:30 AM
Page 117
Net Claims and Adjusting Expenses $
Net Premiums 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 Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................
45,926,000 27,834,000 21,553,000 95,313,000 —————95,313,000 106,172,000 85,534,000 8,796,000
26,870,000 17,266,000 12,856,000 56,992,000 —————56,992,000 85,222,000 52,034,000 8,222,000
58.51 62.03 59.65 59.79 ———59.79 80.27 60.83 93.47
Growth: –30.19%
2007 Underwriting Performance Summary % Growth Rate (NPW) ........................–30.77 % of Market (NPW) .............................0.24 Earned Loss Ratio.............................59.79 Total Expense Ratio ..........................31.06 Combined Loss & Exp. Ratio ............90.85 Return on Equity................................21.79
Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,375,000 Net Premiums Written ..................79,875,000 Net Premiums Earned..................95,313,000 Net Claims & Adj Exp...................56,992,000 Commissions................................13,095,000 Taxes .............................................3,006,000 General Expenses........................13,502,000 Undrwtg. Profit/Loss.....................11,230,000 Investment Income.........................4,547,000
Get connected to high speed sales
–$9,757,000
2005:
+$7,808,000
Convenience www.compu-quote.com Powered by Compu-Quote
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
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
B-UK
—
23,285,000 11,611,000 34,896,000 25,455,000 3,421,000 20,764,000 49,640,000 —————84,536,000 70,488,000 68,974,000 66,105,000 64,152,000
17,157,000 4,614,000 21,771,000 13,110,000 1,121,000 14,312,000 28,543,000 —————50,314,000 41,084,000 43,932,000 31,505,000 38,347,000
2007 Direct Premiums Written: +$130,548,000
73.68 39.74 62.39 51.50 32.77 68.93 57.50 ———59.52 58.29 63.69 47.66 59.78
140,000
—
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................0.13
Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp .................................— Commissions ..............................................— Taxes..........................................................— General Expenses...............................61,000 Undrwtg. Profit/Loss..........................–61,000 Investment Income..............................59,000
Underwriting Result 2007: –$61,000 2004: –$50,000
2006: 2003:
–$195,000 –$47,000
2005:
–$48,000
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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Legal Expense ................... Liability...............................
5,076,000 5,463,000 10,539,000 — 1,046,000 —————11,585,000 10,884,000 10,715,000 9,884,000 9,384,000
4,839,000 5,266,000 10,105,000 — 1,081,000 —————11,186,000 10,872,000 10,040,000 9,460,000 8,652,000
3,416,000 3,042,000 6,458,000 –95,000 893,000 —————7,256,000 5,741,000 5,563,000 6,518,000 5,313,000
2007 Direct Premiums Written: +$13,179,000
70.59 57.77 63.91 — 82.61 ———64.87 52.81 55.41 68.90 61.41
Growth: +5.20%
2007 Underwriting Performance Summary Reinsurance Assumed ........................27,000 Reinsurance Ceded .......................1,621,000 Net Premiums Written ..................11,585,000 Net Premiums Earned..................11,186,000 Net Claims & Adj Exp.....................7,256,000 Commissions..................................1,685,000 Taxes ................................................142,000 General Expenses..........................2,471,000 Undrwtg. Profit/Loss........................–368,000 Investment Income.........................2,800,000
Underwriting Result 2007: –$368,000 2004: –$762,000
24,798,000 12,859,000 37,657,000 25,604,000 3,464,000 21,520,000 50,588,000 —————88,245,000 73,838,000 69,944,000 66,834,000 67,205,000
—
2007 Underwriting Performance Summary
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Real-time online quoting
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total .......................
Net Premiums Earned $
PEARL ASSURANCE PLC
Total 2006..........................
38,707,000 21,918,000 19,250,000 79,875,000 —————79,875,000 115,374,000 100,414,000 30,698,000
2006:
Net Premiums Written $
Philip Cook, Chief Agent 500 - 36 King St. E. Toronto ON M5C 1E5 416-361-1728 Fax 416-361-6113
2007 Direct Premiums Written: +$81,250,000
Underwriting Result 2007: +$11,230,000 2004: –$5,490,000
Class
2006: 2003:
% Growth Rate (NPW) ............................6.44 % of Market (NPW) .............................0.03 Earned Loss Ratio.............................64.87 Total Expense Ratio ..........................38.42 Combined Loss & Exp. Ratio ..........103.29 Return on Equity..................................3.37
+$1,146,000 –$140,000
2005:
+$553,000
Helping rate your entire portfolio against the marketplace
Growth: +11.03%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................42,303,000 Net Premiums Written ..................88,245,000 Net Premiums Earned..................84,536,000 Net Claims & Adj Exp...................50,314,000 Commissions................................13,149,000 Taxes .............................................4,066,000 General Expenses........................15,830,000 Undrwtg. Profit/Loss.......................2,832,000 Investment Income.........................7,420,000
Underwriting Result 2007: +$2,832,000 2004: +$11,536,000
2006: 2003:
% Growth Rate (NPW) ..........................19.51 % of Market (NPW) .............................0.26 Earned Loss Ratio.............................59.52 Total Expense Ratio ..........................39.09 Combined Loss & Exp. Ratio ............98.61 Return on Equity................................13.68
+$4,121,000 +$4,513,000
Strategy 2005:
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
+$2,091,000
www.compu-quote.com
Powered by Compu-Quote 117
p 110-131 UNDERWRITER-2.chp
Class
5/9/08
Net Premiums Written $
10:30 AM
Net Premiums Earned $
Page 118
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Surety ................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
21,567,000 — 21,567,000 32,782,000 18,531,000 18,737,000 70,050,000 21,000 — — —————91,638,000 78,607,000 91,158,000 148,444,000 183,082,000
2007 Direct Premiums Written: +$97,106,000
12,854,000 165,000 13,019,000 25,145,000 13,307,000 12,777,000 51,229,000 –444,000 –5,000 29,000 —————63,828,000 38,304,000 17,509,000 58,879,000 122,041,000
59.60 — 60.37 76.70 71.81 68.19 73.13 –2,114.29 — — ———69.65 48.73 19.21 39.66 66.66
Growth: +14.80%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................15.50 % of Market (NPW) .............................0.29 Earned Loss Ratio.............................69.65 Total Expense Ratio ..........................37.36 Combined Loss & Exp. Ratio ..........107.01 Return on Equity..................................9.21
Reinsurance Assumed ...............................— Reinsurance Ceded ..........................521,000 Net Premiums Written ..................96,585,000 Net Premiums Earned..................91,638,000 Net Claims & Adj Exp...................63,828,000 Commissions................................14,255,000 Taxes .............................................3,009,000 General Expenses........................16,974,000 Undrwtg. Profit/Loss.....................–4,356,000 Investment Income.......................35,558,000
2006: 2003:
+$10,498,000 +$5,014,000
2005:
+$42,994,000
R. L. Clark, President and CEO PO Box 340 Portage La Prairie MB R1N 3B8 204-857-3415 Fax 204-239-6655 www.portagemutual.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
49,105,000 4,339,000 53,444,000 28,979,000 10,592,000 24,004,000 63,575,000 4,791,000 —————121,810,000 117,332,000 114,615,000 105,830,000 99,815,000
47,681,000 4,286,000 51,967,000 28,452,000 10,471,000 22,960,000 61,883,000 4,769,000 —————118,619,000 115,189,000 109,698,000 100,278,000 96,410,000
34,339,000 1,309,000 35,648,000 16,974,000 5,524,000 15,499,000 37,997,000 3,521,000 —————77,166,000 70,059,000 70,667,000 59,037,000 64,484,000
2007 Direct Premiums Written: +$140,085,000
72.02 30.54 68.60 59.66 52.76 67.50 61.40 73.83 ———65.05 60.82 64.42 58.87 66.89
Underwriting Result 2007: +$6,000 2004: +$8,236,000 118
2006: 2003:
% Growth Rate (NPW) ............................3.82 % of Market (NPW) .............................0.37 Earned Loss Ratio.............................65.05 Total Expense Ratio ..........................36.56 Combined Loss & Exp. Ratio ..........101.61 Return on Equity..................................7.72
+$7,020,000 +$548,000
— — — —————— — –833,000 –43,000 917,000
— — — —————— 20,000 1,043,000 1,323,000 2,481,000
Earned Loss Ratio %
B-US
239,000 239,000 –8,000 —————231,000 21,000 1,463,000 1,677,000 1,424,000
— — — ———— 105.00 140.27 126.76 57.40
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................0.05
Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp........................231,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................170,000 Undrwtg. Profit/Loss........................–401,000 Investment Income............................359,000
Underwriting Result 2007: –$401,000 2004: –$1,012,000
2006: 2003:
–$136,000 +$208,000
2005:
+$240,000
POOL INSURANCE COMPANY
B-C
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 2,334,000 2,334,000 —————2,334,000 1,997,000 2,376,000 1,911,000 2,603,000
2,354,000 2,354,000 —————2,354,000 1,994,000 2,119,000 2,013,000 2,695,000
— — —————— 2,000 –231,000 90,000 1,266,000
2007 Direct Premiums Written: +$6,683,000
— — ———— 0.10 –10.90 4.47 46.98
Growth: –5.85%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................4,349,000 Net Premiums Written ....................2,334,000 Net Premiums Earned....................2,354,000 Net Claims & Adj Exp .................................— Commissions.....................................301,000 Taxes ................................................256,000 General Expenses.............................201,000 Undrwtg. Profit/Loss........................–119,000 Investment Income............................119,000
Underwriting Result 2007: –$119,000 2004: –$111,000
2006: 2003:
% Growth Rate (NPW) ..........................16.88 % of Market (NPW) .............................0.01 Earned Loss Ratio ..................................— Total Expense Ratio ..........................32.20 Combined Loss & Exp. Ratio ............32.20 Return on Equity .....................................—
–$112,000 –$105,000
2005:
–$96,000
Convenience
Growth: +4.38%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................18,276,000 Net Premiums Written ................121,810,000 Net Premiums Earned................118,619,000 Net Claims & Adj Exp...................77,166,000 Commissions................................22,102,000 Taxes .............................................5,109,000 General Expenses........................16,154,000 Undrwtg. Profit/Loss..............................6,000 Investment Income.......................10,150,000
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
B-C
Net Claims and Adjusting Expenses $
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183
Prop. - Commercial............ Prop. - Total .......................
THE PORTAGE LA PRAIRIE MUTUAL INSURANCE COMPANY
Net Premiums Earned $
PROVIDENCE WASHINGTON INSURANCE COMPANY
Prop. - Commercial............ Prop. - Total ....................... Marine................................
22,641,000 — 22,641,000 34,374,000 19,918,000 19,631,000 73,923,000 21,000 — — —————96,585,000 83,626,000 76,516,000 131,570,000 205,852,000
Underwriting Result 2007: –$4,356,000 2004: +$45,672,000
Net Premiums Written $
Class
Get connected to high speed sales
Powered by Compu-Quote
Real-time online quoting 2005:
+$2,297,000
www.compu-quote.com
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 110-131 UNDERWRITER-2.chp
Class
5/9/08
Net Premiums Written $
10:30 AM
Net Premiums Earned $
Page 119
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
RBC INSURANCE COMPANY OF CANADA
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
13,612,000 13,612,000 226,720,000 —————240,332,000 190,213,000 178,543,000 166,541,000 142,724,000
12,944,000 12,944,000 227,855,000 —————240,799,000 191,330,000 176,353,000 154,442,000 140,324,000
9,995,000 9,995,000 80,272,000 —————90,267,000 48,893,000 44,047,000 39,344,000 41,167,000
77.22 77.22 35.23 ———37.49 25.55 24.98 25.47 29.34
Growth: +0.96%
2007 Underwriting Performance Summary
B-C
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
25,241,000 14,279,000 39,520,000 2,058,000 —————41,578,000 39,862,000 37,661,000 35,508,000 31,384,000
24,031,000 14,458,000 38,489,000 2,075,000 —————40,564,000 38,432,000 36,594,000 33,052,000 28,291,000
13,798,000 6,935,000 20,733,000 222,000 —————20,955,000 20,154,000 22,843,000 16,794,000 14,932,000
2007 Direct Premiums Written: +$47,631,000
+$10,609,000 –$3,731,000
2005:
+$6,087,000
RBC GENERAL INSURANCE COMPANY
D-C
Francois Boulanger, President & C.E.O. 6880 Financial Dr., West Tower Mississauga ON L5N 7Y5 905-816-5400 Fax 905-813-4790
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
63,825,000 63,825,000 124,293,000 74,628,000 82,393,000 281,314,000 1,955,000 3,872,000 —————350,966,000 368,299,000 364,711,000 336,386,000 241,250,000
57,405,000 57,405,000 117,969,000 73,522,000 77,079,000 268,570,000 1,975,000 3,499,000 —————331,449,000 362,465,000 356,602,000 294,895,000 196,443,000
35,846,000 35,846,000 87,713,000 47,869,000 55,630,000 191,212,000 1,000 1,181,000 —————228,240,000 263,021,000 267,800,000 230,037,000 173,135,000
2007 Direct Premiums Written: +$350,410,000
62.44 62.44 74.35 65.11 72.17 71.20 0.05 33.75 ———68.86 72.56 75.10 78.01 88.13
Growth: +9.10%
2007 Underwriting Performance Summary Reinsurance Assumed ...................3,896,000 Reinsurance Ceded .......................3,340,000 Net Premiums Written ................350,966,000 Net Premiums Earned................331,449,000 Net Claims & Adj Exp.................228,240,000 Commissions ..............................................— Taxes ...........................................10,430,000 General Expenses........................60,971,000 Undrwtg. Profit/Loss.....................30,463,000 Investment Income.......................27,147,000
Underwriting Result 2007: +$30,463,000 2004: +$16,977,000
2006: 2003:
57.42 47.97 53.87 10.70 ———51.66 52.44 62.42 50.81 52.78
Growth: +3.86%
% Growth Rate (NPW) ............................4.30 % of Market (NPW) .............................0.12 Earned Loss Ratio.............................51.66 Total Expense Ratio ..........................39.80 Combined Loss & Exp. Ratio ............91.46 Return on Equity................................17.12
Reinsurance Assumed ........................44,000 Reinsurance Ceded .......................6,097,000 Net Premiums Written ..................41,578,000 Net Premiums Earned..................40,564,000 Net Claims & Adj Exp...................20,955,000 Commissions................................10,229,000 Taxes .............................................2,014,000 General Expenses..........................3,900,000 Undrwtg. Profit/Loss.......................3,872,000 Investment Income.........................4,520,000
Underwriting Result 2007: +$3,872,000 2004: +$3,330,000
2006: 2003:
+$3,693,000 +$2,505,000
2005:
–$153,000
ROYAL & SUN ALLIANCE INSURANCE GROUP
Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Accident & Sickness ..........
Earned Loss Ratio %
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................26.35 % of Market (NPW) .............................0.72 Earned Loss Ratio.............................37.49 Total Expense Ratio ..........................54.12 Combined Loss & Exp. Ratio ............91.61 Return on Equity................................13.70
Reinsurance Assumed ...................6,184,000 Reinsurance Ceded ..........................932,000 Net Premiums Written ................240,332,000 Net Premiums Earned................240,799,000 Net Claims & Adj Exp...................90,267,000 Commissions................................90,431,000 Taxes .............................................5,235,000 General Expenses........................34,659,000 Undrwtg. Profit/Loss.....................20,207,000 Investment Income.........................7,650,000
2006: 2003:
Net Claims and Adjusting Expenses $
Net Premiums Earned $
Harvey G. Heinrichs, President & C.E.O. 245 Centre Ave. E. Altona MB R0G 0B0 204-324-6434 Fax 204-324-1316 www.redrivermutual.com info@redrivermutual.com
2007 Direct Premiums Written: +$235,080,000
Underwriting Result 2007: +$20,207,000 2004: +$2,329,000
Net Premiums Written $
RED RIVER VALLEY MUTUAL D-C INSURANCE COMPANY
Stanley W. Seggie, President & C.E.O. 6880 Financial Dr. West Tower Mississauga ON L5N 7Y5 905-816-2400 Fax 905-813-4704 www.rbc.com
Prop. - Personal................. Prop. - Total ....................... Accident & Sickness ..........
Class
B-UK
ROYAL & SUN ALLIANCE INSURANCE COMPANY OF CANADA COMPAGNIE d’ASSURANCE du QUEBEC WESTERN ASSURANCE COMPANY THE JOHNSON CORPORATION ASCENTUS INSURANCE LTD. Rowan Saunders, President & C.E.O. 10 Wellington St. E. Toronto ON M5E 1L5 416-366-7511 Fax 416-367-9869 www.royalsunalliance.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 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
250,214,000 145,498,000 395,712,000 — 421,001,000 150,767,000 297,506,000 869,274,000 30,198,000 1,417,000 81,263,000 53,000 39,424,000 86,395,000 —————1,503,736,000 1,389,143,000 1,271,689,000 1,263,976,000 1,131,571,000
232,840,000 143,138,000 375,978,000 — 404,893,000 146,159,000 283,374,000 834,426,000 29,676,000 1,434,000 81,342,000 56,000 39,671,000 80,432,000 —————1,443,015,000 1,337,902,000 1,269,870,000 1,181,225,000 1,201,214,000
145,764,000 75,629,000 221,393,000 –120,000 294,067,000 98,208,000 180,065,000 572,340,000 9,196,000 294,000 41,919,000 3,000 14,433,000 35,006,000 —————894,464,000 812,109,000 804,467,000 813,461,000 913,105,000
2007 Direct Premiums Written: +$1,569,570,000
62.60 52.84 58.88 — 72.63 67.19 63.54 68.59 30.99 20.50 51.53 5.36 36.38 43.52 ———61.99 60.70 63.35 68.87 76.02
Growth: +7.95%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................–4.71 % of Market (NPW) .............................1.05 Earned Loss Ratio.............................68.86 Total Expense Ratio ..........................21.54 Combined Loss & Exp. Ratio ............90.40 Return on Equity................................18.60
+$25,346,000 –$15,226,000
2005:
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
+$26,974,000
Reinsurance Assumed ...................3,256,000 Reinsurance Ceded .....................78,437,000 Net Premiums Written .............1,503,736,000 Net Premiums Earned.............1,443,015,000 Net Claims & Adj Exp.................894,464,000 Commissions..............................177,660,000 Taxes ...........................................47,721,000 General Expenses......................204,341,000 Undrwtg. Profit/Loss...................118,829,000 Investment Income.....................165,788,000
Underwriting Result 2007: +$118,829,000 2004: +$15,427,000
% Growth Rate (NPW) ............................8.25 % of Market (NPW) .............................4.51 Earned Loss Ratio.............................61.99 Total Expense Ratio ..........................29.78 Combined Loss & Exp. Ratio ............91.77 Return on Equity................................12.61
2006: +$122,589,000 2003: –$82,991,000
2005:
+$69,398,000 119
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Net Premiums Written $
Class
10:30 AM
Net Premiums Earned $
Page 120
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
SASKATCHEWAN MUTUAL INSURANCE COMPANY
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Prop. - Commercial............ Prop. - Total ....................... Liability............................... 14,734,000 6,526,000 21,260,000 1,660,000 236,000 4,407,000 6,303,000 34,000 4,076,000 —————31,673,000 28,515,000 25,953,000 24,599,000 21,204,000
2007 Direct Premiums Written: +$34,944,000
10,072,000 3,023,000 13,095,000 –89,000 246,000 2,527,000 2,684,000 7,000 1,656,000 —————17,442,000 14,332,000 17,682,000 12,536,000 12,875,000
68.36 46.32 61.59 –5.36 104.24 57.34 42.58 20.59 40.63 ———55.07 50.26 68.13 50.96 60.72
Growth: +12.35%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................12.11 % of Market (NPW) .............................0.10 Earned Loss Ratio.............................55.07 Total Expense Ratio ..........................40.33 Combined Loss & Exp. Ratio ............95.40 Return on Equity................................11.60
Reinsurance Assumed ...............................— Reinsurance Ceded .......................1,568,000 Net Premiums Written ..................33,376,000 Net Premiums Earned..................31,673,000 Net Claims & Adj Exp...................17,442,000 Commissions..................................6,522,000 Taxes .............................................1,397,000 General Expenses..........................4,856,000 Undrwtg. Profit/Loss.......................1,710,000 Investment Income.........................2,299,000
2006: 2003:
+$2,510,000 –$467,000
2005:
–$2,117,000
SecuriCAN General Insurance Company D-C Randy Valpy, President & C.O.O. 777 Portage Ave Winnipeg MB R3G 0N3 204-942-2555 Fax 204-943-9597 Prop. - Personal................. Prop. - Total ....................... Total 2007..........................
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
D-US
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3
15,847,000 6,797,000 22,644,000 1,690,000 238,000 4,499,000 6,427,000 32,000 4,273,000 —————33,376,000 29,772,000 27,075,000 25,204,000 23,472,000
Underwriting Result 2007: +$1,710,000 2004: +$2,659,000
Net Premiums Written $
SECURITY INSURANCE B-C COMPANY OF HARTFORD
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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Fidelity ............................... Liability...............................
Class
21,111,000 21,111,000 —————21,111,000
21,081,000 21,081,000 —————21,081,000
2007 Direct Premiums Written: +$21,111,000
11,004,000 11,004,000 —————11,004,000
52.20 52.20 ———52.20
Growth: 0.00%
Total 2007.......................... Total 2006.......................... Total 2005..........................
— — 12,000 —————12,000 47,000 19,000
— — 93,000 —————93,000 265,000 506,000
2007 Direct Premiums Written: +$3,000
% Growth Rate (NPW)................................— % of Market (NPW) .............................0.06 Earned Loss Ratio.............................52.20 Total Expense Ratio ..........................42.54 Combined Loss & Exp. Ratio ............94.74 Return on Equity................................18.83
Partnership
Growth: –96.55% % Growth Rate (NPW) ........................–74.47 % of Market (NPW) .............................0.00 Earned Loss Ratio........................6,212.90 Total Expense Ratio ........................396.77 Combined Loss & Exp. Ratio .......6,609.67 Return on Equity..................................0.45
Reinsurance Assumed ...............................— Reinsurance Ceded ............................–9,000 Net Premiums Written .........................12,000 Net Premiums Earned.........................93,000 Net Claims & Adj Exp.....................5,778,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................369,000 Undrwtg. Profit/Loss.....................–6,054,000 Investment Income.........................4,523,000
Underwriting Result 2007: –$6,054,000
2006:
+$6,065,000
2005:
–$19,150,000
SENTRY INSURANCE
B-US
Cindy Kennedy 1800 North Point Drive Stevens Point WI 544 81 715-346-6376 Fax 715-346-7842 cindy.kennedy@sentry.com Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— — 277,000 3,000 77,000 357,000 1,081,000 —————1,438,000 1,636,000 1,866,000 1,269,000 899,000
— — 300,000 4,000 80,000 384,000 1,159,000 —————1,543,000 1,570,000 1,565,000 1,014,000 1,154,000
2007 Direct Premiums Written: +$1,969,000
3,000 3,000 –58,000 3,000 87,000 32,000 –34,000 —————1,000 554,000 992,000 955,000 829,000
— — –19.33 75.00 108.75 8.33 –2.93 ———0.06 35.29 63.39 94.18 71.84
Growth: –10.46%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded ..........................531,000 Net Premiums Written ....................1,438,000 Net Premiums Earned....................1,543,000 Net Claims & Adj Exp............................1,000 Commissions.......................................98,000 Taxes ..................................................69,000 General Expenses.............................570,000 Undrwtg. Profit/Loss..........................805,000 Investment Income.........................1,023,000
Underwriting Result 2007: +$805,000 2004: –$180,000
Underwriting Result 2007: +$2,039,000
— — 6,211.83 ———6,212.90 –2,293.96 3,825.10
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ..................21,111,000 Net Premiums Earned..................21,081,000 Net Claims & Adj Exp...................11,004,000 Commissions.....................................331,000 Taxes .............................................1,169,000 General Expenses..........................7,467,000 Undrwtg. Profit/Loss.......................2,039,000 Investment Income............................373,000
1,000 1,000 5,777,000 —————5,778,000 –6,079,000 19,355,000
2006: 2003:
% Growth Rate (NPW) ........................–12.10 % of Market (NPW) .............................0.00 Earned Loss Ratio...............................0.06 Total Expense Ratio ..........................47.76 Combined Loss & Exp. Ratio ............47.82 Return on Equity..................................7.12
+$306,000 –$58,000
2005:
–$192,000
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 110-131 UNDERWRITER-2.chp
Class
5/9/08
Net Premiums Written $
10:33 AM
Net Premiums Earned $
Page 121
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
SGI CANADA GROUP
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
B-C
COACHMAN INSURANCE COMPANY INSURANCE COMPANY OF PRINCE EDWARD ISLAND SGI CANADA SGI CANADA INSURANCE SERVICES LTD.
B-C
Jon Schubert, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax 306-565-8666 www.sgi.sk.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
114,161,000 34,145,000 148,306,000 103,000 44,061,000 12,627,000 83,658,000 140,346,000 250,000 478,000 30,544,000 1,625,000 32,000 —————321,684,000 301,617,000 287,870,000 280,300,000 253,366,000
108,809,000 33,477,000 142,286,000 106,000 44,062,000 12,436,000 77,845,000 134,343,000 281,000 491,000 29,808,000 1,609,000 32,000 —————308,956,000 291,453,000 282,854,000 270,535,000 244,251,000
86,927,000 14,573,000 101,500,000 142,000 16,416,000 8,607,000 45,099,000 70,122,000 41,000 41,000 18,441,000 45,000 –1,000 —————190,331,000 155,775,000 164,387,000 156,805,000 154,682,000
2007 Direct Premiums Written: +$346,539,000
79.89 43.53 71.34 133.96 37.26 69.21 57.93 52.20 14.59 8.35 61.87 2.80 –3.13 ———61.60 53.45 58.12 57.96 63.33
Growth: +6.89%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................6.65 % of Market (NPW) .............................0.96 Earned Loss Ratio.............................61.60 Total Expense Ratio ..........................38.70 Combined Loss & Exp. Ratio ..........100.30 Return on Equity................................18.13
Reinsurance Assumed ...............................— Reinsurance Ceded .....................24,858,000 Net Premiums Written ................321,684,000 Net Premiums Earned................308,956,000 Net Claims & Adj Exp.................190,331,000 Commissions................................63,603,000 Taxes ...........................................14,886,000 General Expenses........................41,065,000 Undrwtg. Profit/Loss........................–778,000 Investment Income.......................34,628,000
Underwriting Result 2007: –$778,000 2004: +$17,753,000
2006: 2003:
Jon Schubert, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax 306-565-8666 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
2005:
8,604,000 2,527,000 11,131,000 2,304,000 269,000 2,196,000 4,769,000 32,000 16,000 2,241,000 75,000 —————18,264,000 12,339,000 11,324,000 10,481,000 9,145,000
2007 Direct Premiums Written: +$23,900,000 2007 Underwriting Performance Summary Reinsurance Assumed ...................2,553,000 Reinsurance Ceded .......................4,483,000 Net Premiums Written ..................21,970,000 Net Premiums Earned..................18,264,000 Net Claims & Adj Exp...................11,473,000 Commissions..................................3,909,000 Taxes ................................................719,000 General Expenses..........................3,367,000 Undrwtg. Profit/Loss.....................–1,026,000 Investment Income.........................2,532,000
Underwriting Result 2007: –$1,026,000 2004: +$545,000
+$26,098,000 +$1,583,000
9,210,000 2,737,000 11,947,000 3,514,000 436,000 3,374,000 7,324,000 29,000 16,000 2,575,000 79,000 —————21,970,000 14,215,000 11,749,000 10,996,000 10,120,000
2006: 2003:
5,295,000 952,000 6,247,000 1,560,000 433,000 2,497,000 4,490,000 — — 725,000 11,000 —————11,473,000 7,346,000 7,479,000 5,602,000 5,575,000
61.54 37.67 56.12 67.71 160.97 113.71 94.15 — — 32.35 14.67 ———62.82 59.53 66.05 53.45 60.96
Growth: +52.82%
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................62.82 Total Expense Ratio ..........................43.77 Combined Loss & Exp. Ratio ..........106.59 Return on Equity................................12.28
–$363,000 +$12,000
2005:
–$646,000
+$15,292,000
B-C COACHMAN INSURANCE COMPANY
B-C
Jon Schubert, President 802 The Queensway Toronto ON M8Z 1N5 416-255-3417 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
4,722,000 1,829,000 6,551,000 6,406,000 6,247,000 2,351,000 15,004,000 — 10,000 1,902,000 32,000 —————23,499,000 25,949,000 25,597,000 29,900,000 22,517,000
4,760,000 1,752,000 6,512,000 6,316,000 6,182,000 2,284,000 14,782,000 1,000 8,000 1,848,000 26,000 —————23,177,000 23,555,000 25,722,000 29,302,000 30,239,000
2,678,000 1,113,000 3,791,000 1,004,000 4,378,000 1,847,000 7,229,000 1,000 — 2,051,000 — —————13,072,000 8,147,000 13,362,000 25,202,000 27,489,000
2007 Direct Premiums Written: +$26,711,000
56.26 63.53 58.22 15.90 70.82 80.87 48.90 100.00 — 110.98 — ———56.40 34.59 51.95 86.01 90.91
Growth: –7.95%
Jon Schubert, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax 306-565-8666 www.sgi.sk.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
98,681,000 28,686,000 127,367,000 103,000 29,900,000 4,979,000 74,920,000 109,799,000 221,000 444,000 25,439,000 1,487,000 32,000 —————264,892,000 252,418,000 240,985,000 229,462,000 209,861,000
94,131,000 28,406,000 122,537,000 106,000 31,587,000 5,161,000 70,606,000 107,354,000 248,000 460,000 25,166,000 1,481,000 32,000 —————257,384,000 246,790,000 235,959,000 220,279,000 194,591,000
2007 Direct Premiums Written: +$283,846,000 2007 Underwriting Performance Summary
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................3,212,000 Net Premiums Written ..................23,499,000 Net Premiums Earned..................23,177,000 Net Claims & Adj Exp...................13,072,000 Commissions..................................4,214,000 Taxes ................................................827,000 General Expenses..........................2,719,000 Undrwtg. Profit/Loss.......................2,329,000 Investment Income.........................4,480,000
Underwriting Result 2007: +$2,329,000 2004: –$3,938,000
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................56.40 Total Expense Ratio ..........................33.48 Combined Loss & Exp. Ratio ............89.88 Return on Equity................................22.71
+$7,362,000 –$4,045,000
2005:
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
+$4,663,000
78,220,000 12,083,000 90,303,000 142,000 11,930,000 3,486,000 39,120,000 54,536,000 39,000 40,000 15,228,000 34,000 –1,000 —————160,321,000 137,010,000 141,045,000 119,866,000 114,501,000
Reinsurance Assumed ...................3,454,000 Reinsurance Ceded .....................22,408,000 Net Premiums Written ................264,892,000 Net Premiums Earned................257,384,000 Net Claims & Adj Exp.................160,321,000 Commissions................................53,472,000 Taxes ...........................................12,921,000 General Expenses........................33,170,000 Undrwtg. Profit/Loss.....................–2,500,000 Investment Income.......................26,690,000
Underwriting Result 2007: –$2,500,000 2004: +$19,832,000
2006: 2003:
83.10 42.54 73.69 133.96 37.77 67.55 55.41 50.80 15.73 8.70 60.51 2.30 –3.13 ———62.29 55.52 59.78 54.42 58.84
Growth: +5.10%
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................62.29 Total Expense Ratio ..........................38.68 Combined Loss & Exp. Ratio ..........100.97 Return on Equity................................18.04
+$16,901,000 +$5,239,000
2005:
+$7,696,000
SGI Canada Group Continues on page 122 121
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Net Premiums Written $
10:33 AM
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Page 122
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
SGI Canada Group Continued from page 121
Y B-C Charles Cooke, President 125 Pownal St. Charlottetown PE C1A 7L3 902-368-3675 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
1,548,000 893,000 2,441,000 4,241,000 965,000 3,013,000 8,219,000 — 8,000 629,000 26,000 —————11,323,000 9,035,000 9,539,000 9,942,000 10,868,000
1,308,000 792,000 2,100,000 3,855,000 824,000 2,752,000 7,431,000 — 7,000 568,000 26,000 —————10,132,000 8,769,000 9,849,000 10,472,000 10,275,000
734,000 425,000 1,159,000 1,922,000 310,000 1,635,000 3,867,000 1,000 1,000 437,000 — —————5,465,000 3,272,000 2,500,000 6,134,000 7,122,000
2007 Direct Premiums Written: +$12,085,000
56.12 53.66 55.19 49.86 37.62 59.41 52.04 — 14.29 76.94 — ———53.94 37.31 25.38 58.58 69.31
Growth: +27.65%
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................53.94 Total Expense Ratio ..........................41.83 Combined Loss & Exp. Ratio ............95.77 Return on Equity................................10.35
Reinsurance Assumed ...............................— Reinsurance Ceded ..........................762,000 Net Premiums Written ..................11,323,000 Net Premiums Earned..................10,132,000 Net Claims & Adj Exp.....................5,465,000 Commissions..................................2,236,000 Taxes ................................................412,000 General Expenses..........................1,590,000 Undrwtg. Profit/Loss..........................418,000 Investment Income............................927,000
Underwriting Result 2007: +$418,000 2004: +$1,316,000
2006: 2003:
+$2,198,000 +$374,000
2005:
+$3,579,000
Tony Rivera, Chief Agent In Canada The Exchange Tower 130 King St W, 12th Floor Toronto ON M5X 1A6 416-594-3034 Fax 416-594-3000
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
2,202,000 2,202,000 741,000 276,000 1,017,000 55,000 41,000 1,362,000 –6,000 545,000 —————5,216,000 4,838,000 5,270,000 4,001,000 3,606,000
2,171,000 2,171,000 607,000 201,000 808,000 60,000 43,000 1,318,000 2,000 579,000 —————4,981,000 4,822,000 5,027,000 4,037,000 3,441,000
1,238,000 1,238,000 62,000 127,000 189,000 –350,000 2,000 284,000 — 500,000 —————1,863,000 2,095,000 2,732,000 1,868,000 1,717,000
2007 Direct Premiums Written: +$4,344,000
57.02 57.02 10.21 63.18 23.39 –583.33 4.65 21.55 — 86.36 ———37.40 43.45 54.35 46.27 49.90
Growth: +0.81%
2007 Underwriting Performance Summary Reinsurance Assumed ...................1,375,000 Reinsurance Ceded ..........................503,000 Net Premiums Written ....................5,216,000 Net Premiums Earned....................4,981,000 Net Claims & Adj Exp.....................1,863,000 Commissions.....................................716,000 Taxes ................................................134,000 General Expenses.............................844,000 Undrwtg. Profit/Loss.......................1,424,000 Investment Income.........................1,381,000
Underwriting Result 2007: +$1,424,000 2004: +$734,000 122
2006: 2003:
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
28,932,000 71,038,000 99,970,000 5,602,000 218,000 2,025,000 7,845,000 5,000 627,000 54,348,000 5,346,000 7,139,000 —————175,280,000 183,929,000 198,217,000 193,070,000 197,557,000
29,135,000 66,610,000 95,745,000 6,000,000 307,000 2,176,000 8,483,000 3,000 614,000 56,253,000 5,124,000 7,401,000 —————173,623,000 188,793,000 181,896,000 183,075,000 171,249,000
19,062,000 41,582,000 60,644,000 5,161,000 342,000 1,232,000 6,735,000 1,000 26,000 35,071,000 195,000 4,069,000 —————106,741,000 108,477,000 106,263,000 107,745,000 100,231,000
2007 Direct Premiums Written: +$258,408,000
65.43 62.43 63.34 86.02 111.40 56.62 79.39 33.33 4.23 62.35 3.81 54.98 ———61.48 57.46 58.42 58.85 58.53
Growth: –3.50%
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................61.48 Total Expense Ratio ..........................40.55 Combined Loss & Exp. Ratio ..........102.03 Return on Equity..................................7.23
Reinsurance Assumed ...................1,241,000 Reinsurance Ceded .....................84,369,000 Net Premiums Written ................175,280,000 Net Premiums Earned................173,623,000 Net Claims & Adj Exp.................106,741,000 Commissions................................38,724,000 Taxes .............................................8,391,000 General Expenses........................23,294,000 Undrwtg. Profit/Loss.......................3,527,000 Investment Income.......................10,068,000
Underwriting Result 2007: +$3,527,000 2004: +$7,709,000
2006: 2003:
+$4,736,000 +$7,504,000
2005:
+$7,017,000
D-F SSQ, SOCIETE D’ASSURANCES GENERALES INC.
SOMPO JAPAN INSURANCE INC.
Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................
B-C
Katherine Bardswick, President & CEO 500, 6700 MacLeod Trail S.E. Calgary AB T2H 0L3 403-298-4200 Fax 403-298-4217
D-C
Marie-Josee Blanchette, Presidente Directrice Generale 2515 boulevard Laurier CP 10530, succ. Sainte-Foy Quebec QC G1V 0A5 418-683-0554 Fax 418-683-3669 www.ssqgenerale.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
35,403,000 777,000 36,180,000 29,762,000 100,000 52,381,000 82,243,000 —————118,423,000 90,292,000 89,474,000 80,505,000 66,154,000
28,284,000 757,000 29,041,000 25,833,000 88,000 44,346,000 70,267,000 —————99,308,000 88,209,000 82,865,000 71,553,000 55,585,000
2007 Direct Premiums Written: +$120,773,000
17,166,000 165,000 17,331,000 17,799,000 107,000 29,187,000 47,093,000 —————64,424,000 60,438,000 57,139,000 47,589,000 37,840,000
60.69 21.80 59.68 68.90 121.59 65.82 67.02 ———64.87 68.52 68.95 66.51 68.08
Growth: +30.47%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................7.81 % of Market (NPW) .............................0.02 Earned Loss Ratio.............................37.40 Total Expense Ratio ..........................34.01 Combined Loss & Exp. Ratio ............71.41 Return on Equity..................................6.84
+$1,039,000 +$567,000
2005:
+$614,000
Reinsurance Assumed ...............................— Reinsurance Ceded .......................2,350,000 Net Premiums Written ................118,423,000 Net Premiums Earned..................99,308,000 Net Claims & Adj Exp...................64,424,000 Commissions...................................–429,000 Taxes .............................................3,406,000 General Expenses........................32,126,000 Undrwtg. Profit/Loss........................–219,000 Investment Income.........................4,480,000
Underwriting Result 2007: –$219,000 2004: +$1,726,000
2006: 2003:
% Growth Rate (NPW) ..........................31.16 % of Market (NPW) .............................0.36 Earned Loss Ratio.............................64.87 Total Expense Ratio ..........................35.35 Combined Loss & Exp. Ratio ..........100.22 Return on Equity..................................7.95
+$1,187,000 +$1,499,000
2005:
+$1,180,000
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Net Premiums Earned $
Earned Loss Ratio %
STATE FARM INSURANCE COMPANY D-US STATE FARM FIRE & CASUALTY COMPANY STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Prop. - Personal................. 310,505,000 Prop. - Commercial............ 30,846,000 Prop. - Total ....................... 341,351,000 Auto. - Liability ................... 507,083,000 Auto. - Pers. Acc................ 326,076,000 Auto. - Other ...................... 305,904,000 Auto. - Total ....................... 1,139,063,000 Fidelity ............................... 1,000 Liability............................... 47,157,000 Surety ................................ 38,000 —————Total 2007.......................... 1,527,610,000 Total 2006.......................... 1,436,944,000 Total 2005.......................... 1,393,817,000 Total 2004.......................... 1,382,868,000 Total 2003.......................... 1,352,505,000
297,522,000 29,180,000 326,702,000 495,115,000 321,333,000 302,441,000 1,118,889,000 1,000 47,374,000 36,000 —————1,493,002,000 1,420,920,000 1,385,975,000 1,391,643,000 1,252,432,000
197,848,000 34,700,000 232,548,000 300,518,000 502,545,000 212,510,000 1,015,573,000 — 27,133,000 — —————1,275,254,000 945,989,000 1,002,738,000 1,054,620,000 1,166,057,000
2007 Direct Premiums Written: +$1,531,348,000
66.50 118.92 71.18 60.70 156.39 70.26 90.77 — 57.27 — ———85.42 66.58 72.35 75.78 93.10
Growth: +6.33%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................6.31 % of Market (NPW) .............................4.58 Earned Loss Ratio.............................85.42 Total Expense Ratio ..........................22.98 Combined Loss & Exp. Ratio ..........108.40 Return on Equity..................................3.00
Reinsurance Assumed ...............................— Reinsurance Ceded .......................3,738,000 Net Premiums Written .............1,527,610,000 Net Premiums Earned.............1,493,002,000 Net Claims & Adj Exp..............1,275,254,000 Commissions..............................151,918,000 Taxes ...........................................46,323,000 General Expenses......................144,811,000 Undrwtg. Profit/Loss.................–120,814,000 Investment Income.....................186,867,000
STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY D-US
2006: +$141,519,000 2003: –$216,846,000
2005:
Auto. - Liability ................... 507,083,000 Auto. - Pers. Acc................ 326,076,000 Auto. - Other ...................... 305,904,000 Auto. - Total ....................... 1,139,063,000 —————Total 2007.......................... 1,139,063,000 Total 2006.......................... 1,074,611,000 Total 2005.......................... 1,042,725,000 Total 2004.......................... 1,038,613,000 Total 2003.......................... 1,040,074,000
495,115,000 321,333,000 302,441,000 1,118,889,000 —————1,118,889,000 1,064,696,000 1,038,523,000 1,062,239,000 963,124,000
300,518,000 502,545,000 212,510,000 1,015,573,000 —————1,015,573,000 716,951,000 775,182,000 855,699,000 996,634,000
2007 Direct Premiums Written: +$1,139,081,000
Growth: +6.00%
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................90.77 Total Expense Ratio ..........................20.34 Combined Loss & Exp. Ratio ..........111.11 Return on Equity..................................2.00
Reinsurance Assumed ...............................— Reinsurance Ceded ............................18,000 Net Premiums Written .............1,139,063,000 Net Premiums Earned.............1,118,889,000 Net Claims & Adj Exp..............1,015,573,000 Commissions................................97,796,000 Taxes ...........................................33,587,000 General Expenses........................96,169,000 Undrwtg. Profit/Loss.................–121,790,000 Investment Income.....................151,262,000
Underwriting Result 2007: –$121,790,000 2004: +$18,020,000
2006: +$124,428,000 2003: –$249,002,000
2005:
+$52,628,000
+$70,302,000
STATE FARM FIRE & CASUALTY COMPANY
D-US
Robert J. Cooke Senior, Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4100 www.statefarm.ca
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
310,505,000 30,846,000 341,351,000 1,000 47,157,000 38,000 —————388,547,000 362,333,000 351,092,000 344,255,000 312,431,000
297,522,000 29,180,000 326,702,000 1,000 47,374,000 36,000 —————374,113,000 356,224,000 347,452,000 329,404,000 289,308,000
197,848,000 34,700,000 232,548,000 — 27,133,000 — —————259,681,000 229,038,000 227,556,000 198,921,000 169,423,000
2007 Direct Premiums Written: +$392,267,000
66.50 118.92 71.18 — 57.27 — ———69.41 64.30 65.49 60.39 58.56
Growth: +7.32%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................3,720,000 Net Premiums Written ................388,547,000 Net Premiums Earned................374,113,000 Net Claims & Adj Exp.................259,681,000 Commissions................................54,122,000 Taxes ...........................................12,736,000 General Expenses........................48,642,000 Undrwtg. Profit/Loss..........................976,000 Investment Income.......................35,605,000
Underwriting Result 2007: +$976,000 2004: +$29,134,000 124
2006: 2003:
60.70 156.39 70.26 90.77 ———90.77 67.34 74.64 80.56 103.48
2007 Underwriting Performance Summary
ST. PAUL FIRE AND MARINE INSURANCE COMPANY
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Fidelity ............................... Liability............................... Surety ................................
Earned Loss Ratio %
Robert J. Cooke Senior, Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4100 www.statefarm.ca
Robert J. Cooke Senior, Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 905-750-4100 www.statefarm.ca
Underwriting Result 2007: –$120,814,000 2004: +$47,154,000
Class
Robert Fellows, President & General Manager 20 Queen St W, Suite 200 PO Box #5 Toronto ON M5H 3R3 416-366-8301 Fax 416-366-0846 www.travelerscanada.com Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
B-US
St. Paul Fire & Marine Insurance Company
92,697,000 92,697,000 — 31,125,000 3,566,000 10,134,000 44,825,000 2,865,000 1,265,000 93,221,000 2,600,000 19,321,000 —————256,794,000 232,901,000 222,870,000 210,002,000 219,647,000
84,930,000 84,930,000 — 30,171,000 4,034,000 10,165,000 44,370,000 2,585,000 1,183,000 91,810,000 2,600,000 18,175,000 —————245,653,000 223,139,000 221,240,000 210,675,000 206,881,000
2007 Direct Premiums Written: +$286,426,000
42,947,000 42,947,000 –486,000 29,656,000 1,442,000 8,282,000 39,380,000 –530,000 381,000 48,352,000 –2,698,000 6,871,000 —————134,217,000 134,104,000 116,228,000 106,383,000 126,483,000
50.57 50.57 — 98.29 35.75 81.48 88.75 –20.50 32.21 52.67 –103.77 37.80 ———54.64 60.10 52.53 50.50 61.14
Growth: +11.97%
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................69.41 Total Expense Ratio ..........................30.87 Combined Loss & Exp. Ratio ..........100.28 Return on Equity..................................6.00
+$17,091,000 +$31,156,000
2005:
+$17,674,000
Reinsurance Assumed ...................3,680,000 Reinsurance Ceded .....................33,312,000 Net Premiums Written ................256,794,000 Net Premiums Earned................245,653,000 Net Claims & Adj Exp.................134,217,000 Commissions................................39,493,000 Taxes .............................................9,089,000 General Expenses........................23,148,000 Undrwtg. Profit/Loss.....................39,706,000 Investment Income.......................49,213,000
Underwriting Result 2007: +$39,706,000 2004: +$47,691,000
2006: 2003:
% Growth Rate (NPW) ..........................10.26 % of Market (NPW) .............................0.77 Earned Loss Ratio.............................54.64 Total Expense Ratio ..........................29.20 Combined Loss & Exp. Ratio ............83.84 Return on Equity................................10.91
+$24,920,000 +$26,878,000
2005:
+$43,878,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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Insurance isn’t rocket science. Unless, of course, you’re insuring a rocket. From jet engine manufacturers to Hollywood productions, complex industries face complex insurance challenges. Challenges that won’t be solved by off-the-shelf thinking. At Travelers, our underwriters have an intimate knowledge of your business, so they can offer solutions that are truly in-synch with your needs. Talk to your broker and keep up with your world today. Or whatever world you’re heading toward tomorrow. travelerscanada.ca ©2008 The Travelers Companies, Inc. All rights reserved. St. Paul Fire and Marine Insurance Company and its property casualty affiliates. 20 Queen Street West, Suite 200 Box 5, Toronto, Ontario, M5H 3R3
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Net Claims and Adjusting Expenses $
Earned Loss Ratio %
TD MELOCHE MONNEX
350,692,000 16,000 350,708,000 640,440,000 346,938,000 441,855,000 1,429,233,000 5,627,000 —————1,785,568,000 1,709,401,000 1,601,475,000 1,316,576,000 606,827,000
219,929,000 — 219,929,000 409,617,000 325,282,000 275,416,000 1,010,315,000 5,046,000 —————1,235,290,000 1,184,355,000 1,098,485,000 1,037,348,000 476,176,000
62.71 — 62.71 63.96 93.76 62.33 70.69 89.67 ———69.18 69.28 68.59 78.79 78.47
Growth: +4.09%
2007 Underwriting Performance Summary
Underwriting Result 2007: +$146,876,000 2004: +$10,572,000
% Growth Rate (NPW) ............................4.06 % of Market (NPW) .............................5.51 Earned Loss Ratio.............................69.18 Total Expense Ratio ..........................22.59 Combined Loss & Exp. Ratio ............91.77 Return on Equity................................20.74
2006: +$132,825,000 2003: +$22,782,000
2005:+$1,641,273,000
TOKIO MARINE & NICHIDO FIRE INSURANCE CO., LTD.
B-F
Richard N. Patina, Chief Agent 105 Adelaide St. W., P.O. Box 219A Toronto ON M5H 1P9 416-350-4400 Fax 416-350-4412
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
192,000 9,235,000 9,427,000 6,744,000 2,288,000 1,976,000 1,123,000 5,387,000 138,000 123,000 3,150,000 587,000 —————25,556,000 27,195,000 28,340,000 28,106,000 24,643,000
185,000 9,640,000 9,825,000 6,983,000 2,393,000 2,000,000 1,187,000 5,580,000 162,000 133,000 3,272,000 781,000 —————26,736,000 27,982,000 26,220,000 26,211,000 23,277,000
75,000 19,604,000 19,679,000 4,384,000 1,246,000 144,000 1,692,000 3,082,000 –11,000 –9,000 47,000 –192,000 —————26,980,000 13,328,000 14,732,000 9,102,000 11,545,000
40.54 203.36 200.30 62.78 52.07 7.20 142.54 55.23 –6.79 –6.77 1.44 –24.58 ———100.91 47.63 56.19 34.73 49.60
Growth: –2.92%
2007 Underwriting Performance Summary Reinsurance Assumed ...................8,303,000 Reinsurance Ceded .......................2,826,000 Net Premiums Written ..................25,556,000 Net Premiums Earned..................26,736,000 Net Claims & Adj Exp...................26,980,000 Commissions..................................4,028,000 Taxes ................................................693,000 General Expenses..........................4,542,000 Undrwtg. Profit/Loss.....................–9,507,000 Investment Income.........................2,918,000
126
2006: 2003:
% Growth Rate (NPW) ..........................–6.03 % of Market (NPW) .............................0.08 Earned Loss Ratio...........................100.91 Total Expense Ratio ..........................34.65 Combined Loss & Exp. Ratio ..........135.56 Return on Equity................................–9.62
+$5,136,000 +$3,222,000
Earned Loss Ratio %
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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— 20,244,000 20,244,000 — 3,000 — 3,000 43,000 97,399,000 — — — —————117,689,000 110,422,000 118,434,000 139,909,000 148,673,000
163,000 17,601,000 17,764,000 — 3,000 –1,000 2,000 –30,000 94,296,000 96,000 — — —————112,128,000 112,023,000 121,898,000 141,335,000 122,906,000
— 5,531,000 5,531,000 –1,000 –57,000 — –57,000 20,000 33,115,000 –30,000 5,000 1,000 —————38,584,000 30,752,000 64,454,000 84,904,000 82,077,000
2007 Direct Premiums Written: +$187,803,000
— 31.42 31.14 — –1,900.00 — –2,850.00 –66.67 35.12 –31.25 — — ———34.41 27.45 52.88 60.07 66.78
Growth: +1.57%
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................34.41 Total Expense Ratio ..........................45.37 Combined Loss & Exp. Ratio ............79.78 Return on Equity................................21.92
Reinsurance Assumed ..........................3,000 Reinsurance Ceded .....................70,117,000 Net Premiums Written ................117,689,000 Net Premiums Earned................112,128,000 Net Claims & Adj Exp...................38,584,000 Commissions................................37,609,000 Taxes .............................................5,937,000 General Expenses..........................7,326,000 Undrwtg. Profit/Loss.....................22,672,000 Investment Income.......................25,265,000
Underwriting Result 2007: +$22,672,000 2004: +$5,681,000
2006: 2003:
+$36,705,000 –$1,917,000
2005:
+$12,190,000
TIG INSURANCE COMPANY
2007 Direct Premiums Written: +$20,079,000
Underwriting Result 2007: –$9,507,000 2004: +$8,134,000
Net Claims and Adjusting Expenses $
D-C
2007 Direct Premiums Written: +$1,861,951,000
Reinsurance Assumed ...............................— Reinsurance Ceded .....................25,938,000 Net Premiums Written .............1,836,013,000 Net Premiums Earned.............1,785,568,000 Net Claims & Adj Exp..............1,235,290,000 Commissions..............................208,469,000 Taxes ...........................................56,739,000 General Expenses......................138,194,000 Undrwtg. Profit/Loss...................146,876,000 Investment Income.....................102,757,000
Net Premiums Earned $
B-C
SECURITY NATIONAL INSURANCE COMPANY PRIMMUM INSURANCE COMPANY TD GENERAL INSURANCE COMPANY TD DIRECT INSURANCE INC TD HOME AND AUTO INSURANCE COMPANY Alain Thibault, F.C.I.A., F.C.A.S., President 50 Place Cremazie, 12th Floor Montreal PQ H2P 1B6 514-382-6060 Fax 514-385-2162 www.melochemonnex.com service@melochemonnex.com Prop. - Personal................. 380,719,000 Prop. - Commercial............ 16,000 Prop. - Total ....................... 380,735,000 Auto. - Liability ................... 652,585,000 Auto. - Pers. Acc................ 343,744,000 Auto. - Other ...................... 453,322,000 Auto. - Total ....................... 1,449,651,000 Liability............................... 5,627,000 —————Total 2007.......................... 1,836,013,000 Total 2006.......................... 1,764,389,000 Total 2005.......................... 1,642,418,000 Total 2004.......................... 1,473,622,000 Total 2003.......................... 827,708,000
Net Premiums Written $
Class
B-US
David Derksen, Chief Agent 717 Portage Ave., PO Box 5800 Winnipeg MB R3C 3C9 204-784-6751 Fax 204-783-4443 Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Total ....................... Liability............................... Total 2007..........................
— — — — ——————
— — — — ——————
19,000 1,000 20,000 1,148,000 —————1,168,000
— — — — ————
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp.....................1,168,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................380,000 Undrwtg. Profit/Loss.....................–1,584,000 Investment Income.........................4,678,000
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity................................11.48
Underwriting Result 2007: –$1,584,000
Analytics
& statistical analysis Powered by Compu-Quote Rating www.compu-quote.com 2005:
+$2,157,000
Helping assess and develop marketing strategies through comparative quoting
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Net Claims and Adjusting Expenses $
TRAVELERS GUARANTEE COMPANY OF CANADA
Earned Loss Ratio %
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— — 27,801,000 –205,000 9,200,000 35,003,000 83,446,000 30,000 —————155,275,000 145,993,000 142,825,000 151,839,000 112,818,000
— — 18,289,000 –205,000 8,900,000 34,542,000 77,395,000 30,000 —————138,951,000 139,756,000 130,281,000 127,014,000 107,740,000
17,000 17,000 12,547,000 24,000 1,341,000 4,709,000 21,182,000 –219,000 —————39,601,000 58,569,000 59,136,000 71,549,000 62,723,000
— — 68.60 –11.71 15.07 13.63 27.37 –730.00 ———28.50 41.91 45.39 56.33 58.22
Growth: –0.34%
2007 Underwriting Performance Summary
2006: 2003:
+$31,936,000 –$4,196,000
2005:
+$23,366,000
TRISURA GUARANTEE INSURANCE COMPANY
Earned Loss Ratio %
B-C
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Credit ................................. Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
18,781,000 6,867,000 25,648,000 18,308,000 412,000 26,365,000 45,085,000 13,000 1,151,000 5,774,000 —————77,671,000 66,112,000 57,127,000 64,568,000 60,341,000
16,080,000 5,018,000 21,098,000 16,895,000 380,000 24,880,000 42,155,000 13,000 19,000 5,189,000 —————68,474,000 61,484,000 58,162,000 57,498,000 51,680,000
2007 Direct Premiums Written: +$81,427,000
8,290,000 2,852,000 11,142,000 8,819,000 9,000 16,938,000 25,766,000 — — 59,000 —————36,967,000 35,889,000 34,527,000 30,998,000 29,960,000
51.55 56.84 52.81 52.20 2.37 68.08 61.12 — — 1.14 ———53.99 58.37 59.36 53.91 57.97
Growth: +16.88%
% Growth Rate (NPW) ..........................17.48 % of Market (NPW) .............................0.23 Earned Loss Ratio.............................53.99 Total Expense Ratio ..........................41.12 Combined Loss & Exp. Ratio ............95.11 Return on Equity................................11.59
Reinsurance Assumed ......................440,000 Reinsurance Ceded .......................4,196,000 Net Premiums Written ..................77,671,000 Net Premiums Earned..................68,474,000 Net Claims & Adj Exp...................36,967,000 Commissions................................13,155,000 Taxes .............................................2,419,000 General Expenses........................12,582,000 Undrwtg. Profit/Loss.......................5,151,000 Investment Income.........................3,056,000
Underwriting Result 2007: +$5,151,000 2004: +$8,730,000
2006: 2003:
+$2,265,000 +$5,345,000
2005:
+$4,114,000
UTICA MUTUAL INSURANCE B-C COMPANY LIMITED
Robert Taylor, C.E.O. Michael George, President & C.O.O. 70 York St Suite 1100 Toronto ON M5J 1S9 416-214-2555 www.trisura.com
Total 2007..........................
Net Claims and Adjusting Expenses $
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................6.36 % of Market (NPW) .............................0.47 Earned Loss Ratio.............................28.50 Total Expense Ratio ..........................42.40 Combined Loss & Exp. Ratio ............70.90 Return on Equity................................15.79
Reinsurance Assumed .................10,679,000 Reinsurance Ceded .....................43,983,000 Net Premiums Written ................155,275,000 Net Premiums Earned................138,951,000 Net Claims & Adj Exp...................39,601,000 Commissions................................26,464,000 Taxes .............................................6,471,000 General Expenses........................25,976,000 Undrwtg. Profit/Loss.....................43,384,000 Investment Income.......................21,704,000
Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................
Net Premiums Earned $
Jean Tardif, President et chef de l’exploitation 925 Grand Allee Ouest Quebec PQ G1S 1C1 418-683-2711 Fax 418-688-9684 jeantardif@lunique.qc.ca
2007 Direct Premiums Written: +$188,485,000
Underwriting Result 2007: +$43,384,000 2004: +$11,153,000
Net Premiums Written $
L’UNIQUE COMPAGNIE B-C D’ASSURANCES GENERALES
George Petropoulos, President & CEO 20 Queen St W, Suite 300 PO Box 6 Toronto ON M5H 3R3 416-360-8183 Fax 416-360-8267 www.travelersguarantee.com comments@travelersguarantee.com Prop. - Commercial............ Prop. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Title ....................................
Class
B-US
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183
389,000 500,000 2,886,000 7,668,000 —————11,443,000
108,000 318,000 1,789,000 6,457,000 —————8,672,000
40,000 141,000 695,000 3,132,000 —————4,008,000
2007 Direct Premiums Written: +$17,608,000
37.04 44.34 38.85 48.51 ———46.22
Growth: 0.00%
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— — 7,000 —————7,000 –13,000 1,282,000 2,241,000 2,098,000
— — 7,000 —————7,000 285,000 2,076,000 2,159,000 1,891,000
2007 Direct Premiums Written: +$2,000
2007 Underwriting Performance Summary Reinsurance Assumed ........................34,000 Reinsurance Ceded .......................6,206,000 Net Premiums Written ..................11,443,000 Net Premiums Earned....................8,672,000 Net Claims & Adj Exp.....................4,008,000 Commissions..................................1,876,000 Taxes ................................................434,000 General Expenses..........................5,592,000 Undrwtg. Profit/Loss.....................–2,614,000 Investment Income.........................2,080,000
Auto. - Liability ................... Auto. - Total ....................... Liability...............................
% Growth Rate (NPW)................................— % of Market (NPW) .............................0.03 Earned Loss Ratio.............................46.22 Total Expense Ratio ..........................91.12 Combined Loss & Exp. Ratio ..........137.34 Return on Equity................................–1.41
Underwriting Result 2007: –$2,614,000
–6,000 –6,000 –303,000 —————–309,000 443,000 1,331,000 1,240,000 1,308,000
— — –4,328.57 ———–4,414.29 155.44 64.11 57.43 69.17
Growth: –80.00%
2007 Underwriting Performance Summary % Growth Rate (NPW) ......................–153.85 % of Market (NPW) .............................0.00 Earned Loss Ratio......................–4,414.29 Total Expense Ratio .....................3,042.86 Combined Loss & Exp. Ratio .....–1,371.43 Return on Equity..................................6.46
Reinsurance Assumed ...............................— Reinsurance Ceded ............................–5,000 Net Premiums Written ...........................7,000 Net Premiums Earned...........................7,000 Net Claims & Adj Exp......................–309,000 Commissions ..............................................— Taxes ....................................................1,000 General Expenses.............................212,000 Undrwtg. Profit/Loss..........................103,000 Investment Income............................231,000
Underwriting Result 2007: +$103,000 2004: +$305,000
2006: 2003:
–$379,000 –$20,000
2005:
+$336,000
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RateBridge™ 127
p 110-131 UNDERWRITER-2.chp
Class
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Net Premiums Written $
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Net Claims and Adjusting Expenses $
VIRGINIA SURETY COMPANY INC.
Earned Loss Ratio %
D-US
V. Lorraine Williams, Chief Agent 3650 Victoria Park Ave. Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax 416-496-1089 Boiler & Machinery ............ Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Net Premiums Earned $
Net Claims and Adjusting Expenses $
WESTERN SURETY COMPANY
Earned Loss Ratio %
D-C
Scott W Donald, President P.O. Box 527, 2000-1874 Scarth St. Regina SK S4P 2G8 306-791-3735 Fax 306-359-0929 www.westernsurety.ca ddykes@westernsurety.ca
–1,000 96,000 —————95,000 272,000 312,000 1,037,000 1,129,000
–1,000 581,000 —————580,000 481,000 703,000 1,196,000 2,076,000
2007 Direct Premiums Written: +$96,000
8,000 487,000 —————495,000 472,000 503,000 853,000 1,426,000
–800.00 83.82 ———85.34 98.13 71.55 71.32 68.69
Growth: –62.65% % Growth Rate (NPW) ........................–65.07 % of Market (NPW) .............................0.00 Earned Loss Ratio.............................85.34 Total Expense Ratio ..........................42.93 Combined Loss & Exp. Ratio ..........128.27 Return on Equity..................................4.26
Reinsurance Assumed ...............................— Reinsurance Ceded ..............................1,000 Net Premiums Written .........................95,000 Net Premiums Earned.......................580,000 Net Claims & Adj Exp........................495,000 Commissions.........................................9,000 Taxes..........................................................— General Expenses.............................240,000 Undrwtg. Profit/Loss..........................230,000 Investment Income............................854,000
2006: 2003:
Fidelity ............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
9,000 10,298,000 —————10,307,000 10,104,000 8,640,000 7,462,000 6,669,000
9,000 10,210,000 —————10,219,000 9,102,000 7,943,000 6,966,000 5,954,000
— –18,000 —————–18,000 231,000 1,056,000 2,594,000 786,000
2007 Direct Premiums Written: +$17,484,000
2007 Underwriting Performance Summary
Underwriting Result 2007: +$230,000 2004: +$285,000
Net Premiums Written $
Class
–$513,000 +$1,745,000
2005:
+$70,000
— –0.18 ———–0.18 2.54 13.29 37.24 13.20
Growth: +3.98%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................2.01 % of Market (NPW) .............................0.03 Earned Loss Ratio.............................–0.18 Total Expense Ratio ..........................79.36 Combined Loss & Exp. Ratio ............79.18 Return on Equity................................10.38
Reinsurance Assumed ......................319,000 Reinsurance Ceded .......................7,496,000 Net Premiums Written ..................10,307,000 Net Premiums Earned..................10,219,000 Net Claims & Adj Exp........................–18,000 Commissions..................................6,092,000 Taxes ................................................379,000 General Expenses..........................1,639,000 Undrwtg. Profit/Loss.......................2,127,000 Investment Income..............................87,000
Underwriting Result 2007: +$2,127,000 2004: –$872,000
2006: 2003:
+$1,759,000 +$263,000
2005:
+$730,000
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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
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
402,830,000 152,854,000 555,684,000 420,714,000 132,514,000 328,078,000 881,306,000 — 29,202,000 — —————1,466,192,000 1,417,045,000 1,369,448,000 1,244,159,000 1,152,836,000
387,079,000 148,197,000 535,276,000 419,148,000 132,816,000 323,600,000 875,564,000 — 28,784,000 — —————1,439,624,000 1,374,215,000 1,317,499,000 1,208,393,000 1,034,202,000
B-UK
309,311,000 107,370,000 416,681,000 292,962,000 111,458,000 234,259,000 638,679,000 9,000 11,196,000 1,000 —————1,066,566,000 940,307,000 932,125,000 788,934,000 809,001,000
2007 Direct Premiums Written: +$1,500,363,000
79.91 72.45 77.84 69.89 83.92 72.39 72.94 — 38.90 — ———74.09 68.43 70.75 65.29 78.22
Growth: +3.49%
Underwriting Result 2007: –$45,006,000 2004: +$116,991,000 128
2006: 2003:
Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
9,593,000 9,593,000 449,000 449,000 9,916,000 80,843,000 —————100,801,000 79,130,000 81,215,000 73,445,000 16,609,000
7,802,000 7,802,000 366,000 366,000 1,095,000 77,257,000 —————86,520,000 82,207,000 71,796,000 46,132,000 7,271,000
2007 Direct Premiums Written: +$115,930,000
584,000 584,000 322,000 322,000 1,324,000 32,048,000 —————34,278,000 47,423,000 27,430,000 24,958,000 6,436,000
7.49 7.49 87.98 87.98 120.91 41.48 ———39.62 57.69 38.21 54.10 88.52
Growth: +21.33%
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................34,171,000 Net Premiums Written .............1,466,192,000 Net Premiums Earned.............1,439,624,000 Net Claims & Adj Exp..............1,066,566,000 Commissions..............................243,204,000 Taxes ...........................................49,539,000 General Expenses......................135,249,000 Undrwtg. Profit/Loss...................–45,006,000 Investment Income.....................222,879,000
Robert Alexander, Chief Agent Cindy Guyatt, Country Manager 100 Yonge St, Suite 1802 Toronto ON M5C 2W1 416-928-8561 Fax 416-928-8858 www.xlinsurance
% Growth Rate (NPW) ............................3.47 % of Market (NPW) .............................4.40 Earned Loss Ratio.............................74.09 Total Expense Ratio ..........................29.73 Combined Loss & Exp. Ratio ..........103.82 Return on Equity..................................6.08
+$49,222,000 –$34,934,000
2005:
+$16,173,000
Reinsurance Assumed ......................649,000 Reinsurance Ceded .....................15,778,000 Net Premiums Written ................100,801,000 Net Premiums Earned..................86,520,000 Net Claims & Adj Exp...................34,278,000 Commissions................................10,056,000 Taxes .............................................3,523,000 General Expenses........................12,321,000 Undrwtg. Profit/Loss.....................26,342,000 Investment Income.......................10,603,000
Underwriting Result 2007: +$26,342,000 2004: +$6,587,000
2006: 2003:
% Growth Rate (NPW) ..........................27.39 % of Market (NPW) .............................0.30 Earned Loss Ratio.............................39.62 Total Expense Ratio ..........................29.94 Combined Loss & Exp. Ratio ............69.56 Return on Equity................................20.14
+$11,943,000 –$2,043,000
2005:
+$24,857,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 110-131 UNDERWRITER-2.chp
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0SEJOBSZ UIJOHT MJLF UIF ²EBZ UP EBZ³ PG PVS MJWFT JOWPMWFT UBLJOH DBSF PG PVS IPNFT PVS WFIJDMFT PVS QPTTFTTJPOT BOE FTQFDJBMMZ PG UIPTF XF MPWF "O FYUSBPSEJOBSZ JOTVSBODF DPNQBOZ VOEFSTUBOET
8BXBOFTB *OTVSBODF ° SPPUFE JO USBEJUJPO HSPXJOH XJUI UIF UJNFT
XXX XBXBOFTB DPN
p 110-131 UNDERWRITER-2.chp
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Page 130
Net Claims and Adjusting Expenses $
ZURICH CANADA
Earned Loss Ratio %
B-F
Alister Campbell 400 University Ave. Toronto ON M5G 1S7 416-586-3000 Fax 416-586-2990 www.zurichcanada.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— 212,183,000 212,183,000 138,602,000 19,550,000 75,055,000 233,207,000 17,276,000 2,582,000 193,830,000 8,000 69,000 —————659,155,000 676,598,000 665,400,000 598,631,000 542,642,000
— 213,190,000 213,190,000 142,505,000 18,793,000 76,005,000 237,303,000 17,045,000 2,742,000 201,092,000 15,000 75,000 —————671,462,000 664,144,000 622,286,000 530,885,000 502,462,000
–263,000 170,130,000 169,867,000 135,631,000 24,200,000 40,823,000 200,654,000 8,235,000 2,723,000 102,193,000 796,000 –5,000 —————484,463,000 453,551,000 436,000,000 354,589,000 329,111,000
2007 Direct Premiums Written: +$928,711,000
Helping rate your entire portfolio against the marketplace
— 79.80 79.68 95.18 128.77 53.71 84.56 48.31 99.31 50.82 5,306.67 –6.67 ———72.15 68.29 70.06 66.79 65.50
Growth: +2.55%
2007 Underwriting Performance Summary Reinsurance Assumed .................33,330,000 Reinsurance Ceded ...................302,886,000 Net Premiums Written ................659,155,000 Net Premiums Earned................671,462,000 Net Claims & Adj Exp.................484,463,000 Commissions................................72,264,000 Taxes ...........................................30,575,000 General Expenses........................78,638,000 Undrwtg. Profit/Loss.....................12,201,000 Investment Income.......................68,029,000
Underwriting Result 2007: +$12,201,000 2004: +$45,796,000
130
2006: 2003:
% Growth Rate (NPW) ..........................–2.58 % of Market (NPW) .............................1.98 Earned Loss Ratio.............................72.15 Total Expense Ratio ..........................27.03 Combined Loss & Exp. Ratio ............99.18 Return on Equity..................................8.77
+$46,503,000 +$41,129,000
2005:
Strategy
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+$34,757,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 110-131 UNDERWRITER-2.chp
•••
5/9/08
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Page 131
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p 132-147 REINSURANCE.chp
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2007 REINSURANCE COMPANIES RESULTS Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
ALEA EUROPE 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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Net Premiums Written $
Net Claims and Adjusting Expenses $
Net Premiums Earned $
Earned Loss Ratio %
AXA RE
R-F
Carol Desbiens, Chief Agent For Canada 1800 McGill College, Suite 2000 Montreal PQ H3A 3J6 514-842-9262 Fax 514-842-9254
14,000 16,000 30,000 120,000 120,000 5,000 —————155,000 –67,000 127,000 –368,000 4,937,000
14,000 16,000 30,000 120,000 120,000 10,000 —————160,000 –68,000 150,000 814,000 5,318,000
113,000 807.14 –86,000 –537.50 27,000 90.00 81,000 67.50 81,000 67.50 –1,031,000 –10,310.00 ————————–923,000 –576.88 –1,100,000 1,617.65 –3,870,000 –2,580.00 6,061,000 744.59 9,398,000 176.72
2007 Underwriting Performance Summary % Growth Rate (NPW) ......................–331.34 % of Market (NPW) .............................0.00 Earned Loss Ratio.........................–576.88 Total Expense Ratio ........................301.88 Combined Loss & Exp. Ratio ........–275.00 Return on Equity..................................4.74
Reinsurance Assumed ......................156,000 Reinsurance Ceded ..............................1,000 Net Premiums Written .......................155,000 Net Premiums Earned.......................160,000 Net Claims & Adj Exp......................–923,000 Commissions.......................................22,000 Taxes..........................................................— General Expenses.............................461,000 Undrwtg. Profit/Loss..........................600,000 Investment Income.........................2,148,000
Underwriting Result 2007: +$600,000 2004: –$6,005,000
Class
2006: 2003:
+$630,000 –$6,352,000
2005:
+$3,265,000
Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— — — — — — — — — — —————— –23,055,000 139,697,000 177,116,000 181,003,000
— — — — — — — — — — —————— 29,000 158,440,000 178,839,000 266,772,000
–6,231,000 –6,231,000 –50,000 4,974,000 4,974,000 –3,000 –696,000 3,241,000 61,000 –2,406,000 —————–1,110,000 11,910,000 138,836,000 126,407,000 197,621,000
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity..................................5.98
Reinsurance Assumed ...............107,976,000 Reinsurance Ceded ...................107,976,000 Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp...................–1,110,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................913,000 Undrwtg. Profit/Loss..........................197,000 Investment Income.......................25,884,000
Underwriting Result 2007: +$197,000 2004: +$12,001,000
2006: 2003:
–$15,720,000 +$16,298,000
2005:
–$24,514,000
CAISSE CENTRALE DE REASSURANCE R-US
V.L. Williams, Chief Agent For Canada c/o D.M. Willaims & Associates Ltd. 3650 Victoria Park Ave., Suite 201 Toronto ON M2H 3P7 416-496-1148 Fax 416-496-1089 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Hail .................................... Liability............................... Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................
414,000 9,475,000 9,889,000 140,000 53,000 193,000 69,000 880,000 — 27,000 —————11,058,000 11,272,000 14,257,000 14,236,000
415,000 9,557,000 9,972,000 140,000 53,000 193,000 64,000 893,000 — 27,000 —————11,149,000 11,580,000 14,098,000 13,902,000
422,000 5,267,000 5,689,000 28,000 17,000 45,000 –1,000 888,000 38,000 28,000 —————6,687,000 2,867,000 13,562,000 7,179,000
101.69 55.11 57.05 20.00 32.08 23.32 –1.56 99.44 — 103.70 ———59.98 24.76 96.20 51.64
2007 Underwriting Performance Summary Reinsurance Assumed .................15,296,000 Reinsurance Ceded .......................4,238,000 Net Premiums Written ..................11,058,000 Net Premiums Earned..................11,149,000 Net Claims & Adj Exp.....................6,687,000 Commissions..................................1,730,000 Taxes..........................................................— General Expenses.............................571,000 Undrwtg. Profit/Loss.......................2,161,000 Investment Income.........................2,168,000
Underwriting Result 2007: +$2,161,000 2004: +$4,118,000 132
2006:
% Growth Rate (NPW) ..........................–1.90 % of Market (NPW) .............................0.03 Earned Loss Ratio.............................59.98 Total Expense Ratio ..........................20.64 Combined Loss & Exp. Ratio ............80.62 Return on Equity................................11.52
+$6,140,000
2005:
–$2,659,000
R-F
Jacques Mailloux, Chief Agent Andre Fredette, Vice-President & General Manager 1080 Cote du Beaver Hall, Bureau 1900 Montreal PQ H2Z 1S8 514-878-2600, Fax 514-866-6860 www.ccr.fr jmailloux@jdl.ca
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
2,337,000 7,751,000 10,088,000 542,000 5,767,000 732,000 3,236,000 9,735,000 37,000 199,000 19,103,000 689,000 —————40,393,000 44,494,000 47,318,000 54,234,000 53,248,000
2,574,000 7,895,000 10,469,000 632,000 5,813,000 747,000 3,144,000 9,704,000 37,000 199,000 19,264,000 727,000 —————41,032,000 43,336,000 47,623,000 53,917,000 51,703,000
www.ccr.fr
AMERICAN AGRICULTURAL INSURANCE COMPANY
— — — — — — — — — — ———— 41,068.97 87.63 70.68 74.08
1,824,000 3,890,000 5,714,000 268,000 5,771,000 1,605,000 1,615,000 8,991,000 –65,000 –18,000 10,440,000 235,000 —————25,565,000 25,694,000 29,056,000 36,876,000 35,165,000
70.86 49.27 54.58 42.41 99.28 214.86 51.37 92.65 –175.68 –9.05 54.19 32.32 ———62.31 59.29 61.01 68.39 68.01
2007 Underwriting Performance Summary Reinsurance Assumed .................43,664,000 Reinsurance Ceded .......................3,271,000 Net Premiums Written ..................40,393,000 Net Premiums Earned..................41,032,000 Net Claims & Adj Exp...................25,565,000 Commissions................................11,617,000 Taxes ..................................................21,000 General Expenses..........................2,502,000 Undrwtg. Profit/Loss.......................1,327,000 Investment Income.........................6,027,000
Underwriting Result 2007: +$1,327,000 2004: +$274,000
2006: 2003:
% Growth Rate (NPW) ..........................–9.22 % of Market (NPW) .............................0.12 Earned Loss Ratio.............................62.31 Total Expense Ratio ..........................34.46 Combined Loss & Exp. Ratio ............96.77 Return on Equity................................11.40
+$2,393,000 +$1,597,000
2005:
+$2,595,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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Earned Loss Ratio %
Class
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
8,105,000 44,253,000 52,358,000 1,334,000 30,296,000 2,464,000 32,760,000 866,000 — 375,000 48,320,000 4,480,000 1,588,000 890,000 —————142,971,000 157,255,000 145,108,000 129,205,000 134,214,000
7,935,000 46,097,000 54,032,000 1,369,000 30,121,000 2,471,000 32,592,000 853,000 — 283,000 56,669,000 4,200,000 1,383,000 890,000 —————152,271,000 154,518,000 141,131,000 130,865,000 130,924,000
1,402,000 18,190,000 19,592,000 605,000 20,857,000 –3,833,000 17,024,000 94,000 –4,000 165,000 30,829,000 1,189,000 312,000 –419,000 —————69,387,000 87,930,000 106,715,000 82,240,000 78,645,000
17.67 39.46 36.26 44.19 69.24 –155.12 52.23 11.02 — 58.30 54.40 28.31 22.56 –47.08 ———45.57 56.91 75.61 62.84 60.07
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................–9.08 % of Market (NPW) .............................0.41 Earned Loss Ratio.............................45.57 Total Expense Ratio ..........................26.43 Combined Loss & Exp. Ratio ............72.00 Return on Equity................................22.85
Reinsurance Assumed ...............200,700,000 Reinsurance Ceded .....................57,799,000 Net Premiums Written ................142,971,000 Net Premiums Earned................152,271,000 Net Claims & Adj Exp...................69,387,000 Commissions................................34,516,000 Taxes..........................................................— General Expenses..........................5,730,000 Undrwtg. Profit/Loss.....................42,638,000 Investment Income.......................25,175,000
Underwriting Result 2007: +$42,638,000 2004: +$15,059,000
2006: 2003:
+$26,110,000 +$16,900,000
2005:
–$1,431,000
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
753,000 32,590,000 33,343,000 2,168,000 6,648,000 –230,000 800,000 7,218,000 38,000 1,089,000 7,593,000 3,000 1,393,000 —————52,845,000 55,496,000 66,286,000 88,563,000 115,207,000
Underwriting Result 2007: +$26,305,000 2004: +$17,326,000 134
2006: 2003:
6,831,000 11,307,000 18,138,000 1,154,000 698,000 1,852,000 — 212,000 1,031,000 4,000 —————21,237,000 21,739,000 17,277,000 25,475,000 34,646,000
2,480,000 3,760,000 6,240,000 –1,203,000 1,991,000 788,000 –13,000 1,000 –173,000 –271,000 —————6,572,000 4,079,000 9,765,000 12,357,000 30,138,000
36.31 33.25 34.40 –104.25 285.24 42.55 — 0.47 –16.78 –6,775.00 ———30.95 18.76 56.52 48.51 86.99
2007 Underwriting Performance Summary % Growth Rate (NPW) ........................–31.67 % of Market (NPW) .............................0.05 Earned Loss Ratio.............................30.95 Total Expense Ratio ..........................33.36 Combined Loss & Exp. Ratio ............64.31 Return on Equity................................14.13
Reinsurance Assumed .................20,114,000 Reinsurance Ceded .......................3,597,000 Net Premiums Written ..................16,517,000 Net Premiums Earned..................21,237,000 Net Claims & Adj Exp.....................6,572,000 Commissions..................................5,302,000 Taxes..........................................................— General Expenses..........................1,782,000 Undrwtg. Profit/Loss.......................7,581,000 Investment Income.........................4,838,000
2006: 2003:
+$10,283,000 –$2,739,000
2005:
+$3,282,000
FARM MUTUAL REINSURANCE PLAN R-C — 7,701,000 7,701,000 1,002,000 2,498,000 –437,000 –10,000 2,051,000 –36,000 93,000 –898,000 331,000 275,000 —————10,519,000 24,276,000 41,498,000 46,951,000 89,609,000
— 23.63 23.10 46.22 37.58 190.00 –1.25 28.42 –94.74 8.54 –11.83 11,033.33 19.74 ———19.91 43.74 62.60 53.01 77.78
2007 Underwriting Performance Summary Reinsurance Assumed .................56,810,000 Reinsurance Ceded ..............................1,000 Net Premiums Written ..................56,809,000 Net Premiums Earned..................52,845,000 Net Claims & Adj Exp...................10,519,000 Commissions..................................3,993,000 Taxes ................................................204,000 General Expenses........................11,824,000 Undrwtg. Profit/Loss.....................26,305,000 Investment Income.......................22,305,000
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
4,677,000 9,189,000 13,866,000 967,000 547,000 1,514,000 — 181,000 952,000 4,000 —————16,517,000 24,173,000 15,196,000 23,335,000 28,215,000
R-US
Matthew Spensieri, 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 mspensi@genre.com 1,469,000 36,943,000 38,412,000 2,103,000 6,225,000 –230,000 907,000 6,902,000 38,000 1,681,000 6,206,000 –2,000 1,469,000 —————56,809,000 52,783,000 55,259,000 76,214,000 116,394,000
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Fidelity ............................... Hail .................................... Liability............................... Surety ................................
Underwriting Result 2007: +$7,581,000 2004: +$8,311,000
GENERAL REINSURANCE CORPORATION
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................
R-US John Game, Senior Vice-President & Chief Agent 80 Bloor St. W., Suite 1202 Toronto ON M5S 2V1 416-928-2430 Fax 416-928-2459
G.S. (Steve) Smith, President 1305 Bishop St. N., P.O. Box 3428 Cambridge ON N3H 4T3 519-740-6415 Fax 519-740-8852 Prop. - Personal................. Prop. - Total ....................... Auto. - Liability ................... Auto. - Total ....................... Boiler & Machinery ............ Liability............................... Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
81,115,000 81,115,000 34,123,000 34,123,000 –22,000 18,802,000 51,000 —————134,069,000 136,544,000 130,887,000 132,652,000 135,745,000
81,143,000 81,143,000 36,200,000 36,200,000 –22,000 18,749,000 49,000 —————136,119,000 137,709,000 130,494,000 134,205,000 122,988,000
68,557,000 68,557,000 60,156,000 60,156,000 — 25,137,000 54,000 —————153,904,000 119,897,000 120,297,000 105,233,000 105,931,000
84.49 84.49 166.18 166.18 — 134.07 110.20 ———113.07 87.07 92.19 78.41 86.13
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................7.63 % of Market (NPW) .............................0.16 Earned Loss Ratio.............................19.91 Total Expense Ratio ..........................30.32 Combined Loss & Exp. Ratio ............50.23 Return on Equity................................23.30
+$13,630,000 +$8,766,000
2005:
+$6,342,000
Reinsurance Assumed ...............154,809,000 Reinsurance Ceded .....................20,740,000 Net Premiums Written ................134,069,000 Net Premiums Earned................136,119,000 Net Claims & Adj Exp.................153,904,000 Commissions................................13,796,000 Taxes..........................................................— General Expenses..........................8,041,000 Undrwtg. Profit/Loss...................–39,622,000 Investment Income.......................23,530,000
Underwriting Result 2007: –$39,622,000 2004: +$3,096,000
2006: 2003:
% Growth Rate (NPW) ..........................–1.81 % of Market (NPW) .............................0.39 Earned Loss Ratio...........................113.07 Total Expense Ratio ..........................16.04 Combined Loss & Exp. Ratio ..........129.11 Return on Equity..................................8.33
–$6,795,000 –$6,101,000
2005:
–$13,746,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 132-147 REINSURANCE.chp
5/9/08
Net Premiums Written $
Class
10:40 AM
Page 135
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
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 Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
47,367,000 47,367,000 316,000 16,982,000 717,000 17,699,000 — 773,000 676,000 26,417,000 9,245,000 215,000 — —————102,708,000 100,953,000 113,016,000 142,661,000 149,388,000
25,387,000 25,387,000 –125,000 11,910,000 370,000 12,280,000 — 228,000 17,000 19,989,000 2,641,000 –58,000 –17,000 —————60,342,000 47,294,000 74,736,000 95,490,000 116,212,000
53.60 53.60 –39.56 70.13 51.60 69.38 — 29.50 2.51 75.67 28.57 –26.98 — ———58.75 46.85 66.13 66.93 77.79
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................3.36 % of Market (NPW) .............................0.30 Earned Loss Ratio.............................58.75 Total Expense Ratio ..........................24.21 Combined Loss & Exp. Ratio ............82.96 Return on Equity................................12.01
Reinsurance Assumed ...............125,788,000 Reinsurance Ceded .....................20,818,000 Net Premiums Written ................104,970,000 Net Premiums Earned................102,708,000 Net Claims & Adj Exp...................60,342,000 Commissions................................22,474,000 Taxes..........................................................— General Expenses..........................2,391,000 Undrwtg. Profit/Loss.....................17,501,000 Investment Income.......................18,769,000
2006: 2003:
Net Premiums Earned $
Net Claims and Adjusting Expenses $
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
50,783,000 50,783,000 316,000 16,978,000 — 16,978,000 726,000 765,000 676,000 24,899,000 9,612,000 215,000 — —————104,970,000 101,558,000 109,721,000 134,907,000 147,510,000
Underwriting Result 2007: +$17,501,000 2004: +$15,002,000
Net Premiums Written $
Class
+$24,096,000 –$6,169,000
2005:
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Hail .................................... Liability............................... Surety ................................ Other Apprvd. Prod............ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................
6,514,000 4,343,000 10,857,000 590,000 178,000 70,000 — —————11,695,000 3,587,000 5,859,000 2,598,000
5,772,000 3,847,000 9,619,000 771,000 178,000 77,000 –74,000 —————10,571,000 5,230,000 5,069,000 1,745,000
1,761,000 1,173,000 2,934,000 2,000 59,000 — — —————2,995,000 1,641,000 4,252,000 700,000
30.51 30.49 30.50 0.26 33.15 — — ———28.33 31.38 83.88 40.11
2007 Underwriting Performance Summary Reinsurance Assumed .................11,695,000 Reinsurance Ceded....................................— Net Premiums Written ..................11,695,000 Net Premiums Earned..................10,571,000 Net Claims & Adj Exp.....................2,995,000 Commissions..................................1,818,000 Taxes..........................................................— General Expenses.............................621,000 Undrwtg. Profit/Loss.......................5,137,000 Investment Income.........................1,032,000
Underwriting Result 2007: +$5,137,000 2004: +$469,000
2006:
% Growth Rate (NPW) ........................226.04 % of Market (NPW) .............................0.03 Earned Loss Ratio.............................28.33 Total Expense Ratio ..........................23.07 Combined Loss & Exp. Ratio ............51.40 Return on Equity................................15.60
+$1,498,000
2005:
–$1,107,000
+$7,511,000
THE INSURANCE CORPORATION OF NEW YORK
Helping rate your entire portfolio against the marketplace R-US
Colleen Sexsmith, Chief Agent 1145 Nicholson Rd., Unit 2 Newmarket ON L3Y 9C3 905-853-0858 Fax 905-853-0183 Prop. - Commercial............ Prop. - Total ....................... Liability............................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— — — —————— –4,000 — –6,000 –10,000
— — — —————— –4,000 — –6,000 –10,000
54,000 54,000 –452,000 —————–398,000 — –277,000 3,000 –341,000
— — — ———— — — –50.00 3,410.00
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp......................–398,000 Commissions ..............................................— Taxes..........................................................— General Expenses.............................152,000 Undrwtg. Profit/Loss..........................246,000 Investment Income............................532,000
Underwriting Result 2007: +$246,000 2004: –$163,000
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity................................10.54
–$168,000 +$317,000
2005:
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
+$132,000
Strategy
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Powered by Compu-Quote 135
p 132-147 REINSURANCE.chp
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Class
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Net Premiums Earned $
MUNICH REINSURANCE AMERICA INC Bernie Maingot, V.P., Chief Agent 390 Bay St, 22nd Floor Toronto ON M5H 2Y2 416-681-6944 Fax 416-591-8830 www.munichreamerica.com Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Earned Loss Ratio %
Net Premiums Written $
Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
MUNICH REINSURANCE R-US CANADA GROUP
R-F
MUNICH REINSURANCE COMPANY OF CANADA TEMPLE INSURANCE COMPANY
Munich Re America Munich Re Group
270,000 9,717,000 9,987,000 — 2,748,000 — 135,000 2,883,000 60,000 2,610,000 2,000 1,734,000 3,971,000 892,000 76,000 —————22,215,000 10,334,000 25,587,000 36,329,000 40,003,000
270,000 5,577,000 5,847,000 — 2,412,000 — 135,000 2,547,000 60,000 2,610,000 2,000 1,753,000 4,878,000 903,000 76,000 —————18,676,000 10,660,000 29,813,000 37,140,000 38,954,000
–204,000 –75.56 587,000 10.53 383,000 6.55 151,000 — 11,300,000 468.49 1,659,000 — –10,000 –7.41 12,949,000 508.40 –29,000 –48.33 3,245,000 124.33 –1,483,000 –74,150.00 –1,538,000 –87.74 1,028,000 21.07 579,000 64.12 61,000 80.26 ————————15,346,000 82.17 33,972,000 318.69 28,932,000 97.04 25,921,000 69.79 30,872,000 79.25
2007 Underwriting Performance Summary Reinsurance Assumed .................25,112,000 Reinsurance Ceded .......................2,897,000 Net Premiums Written ..................22,215,000 Net Premiums Earned..................18,676,000 Net Claims & Adj Exp...................15,346,000 Commissions..................................4,555,000 Taxes ....................................................1,000 General Expenses.............................630,000 Undrwtg. Profit/Loss.....................–1,955,000 Investment Income.........................8,657,000
Underwriting Result 2007: –$1,955,000 2004: +$7,089,000
Class
2006: 2003:
% Growth Rate (NPW) ........................114.97 % of Market (NPW) .............................0.06 Earned Loss Ratio.............................82.17 Total Expense Ratio ..........................27.77 Combined Loss & Exp. Ratio ..........109.94 Return on Equity................................–1.27
–$26,711,000 +$2,544,000
2005:
–$1,962,000
Kenneth B. Irvin, CGA, President & CEO 390 Bay St., 22nd Floor Toronto ON M5H 2Y2 416-366-9206 Fax 416-366-4330 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 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
18,533,000 107,494,000 126,027,000 — 18,553,000 8,404,000 4,786,000 31,743,000 8,526,000 280,000 145,778,000 1,239,000 — — —————313,593,000 327,552,000 348,618,000 479,630,000 626,600,000
17,536,000 42,847,000 60,383,000 –219,000 8,683,000 7,569,000 3,199,000 19,451,000 884,000 — 89,607,000 –496,000 –1,776,000 1,000 —————167,835,000 146,997,000 211,768,000 311,169,000 438,096,000
2007 Direct Premiums Written: +$187,803,000
94.62 39.86 47.91 — 46.80 90.06 66.84 61.28 10.37 — 61.47 –40.03 — — ———53.52 44.88 60.75 64.88 69.92
Growth: +1.57%
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................–6.07 % of Market (NPW) .............................0.88 Earned Loss Ratio.............................53.52 Total Expense Ratio ..........................34.88 Combined Loss & Exp. Ratio ............88.40 Return on Equity................................20.20
Reinsurance Assumed ...............270,131,000 Reinsurance Ceded ...................155,006,000 Net Premiums Written ................302,928,000 Net Premiums Earned................313,593,000 Net Claims & Adj Exp.................167,835,000 Commissions................................80,321,000 Taxes .............................................5,963,000 General Expenses........................23,082,000 Undrwtg. Profit/Loss.....................36,393,000 Investment Income.....................101,740,000
Underwriting Result 2007: +$36,393,000 2004: +$16,218,000
Establish an Internet presence to achieve your e-commerce goals
14,444,000 106,390,000 120,834,000 — 17,226,000 8,056,000 4,778,000 30,060,000 7,538,000 284,000 143,009,000 1,203,000 — — —————302,928,000 322,492,000 334,337,000 463,511,000 656,363,000
2006: 2003:
+$71,010,000 +$9,307,000
2005:
+$18,860,000
MUNICH REINSURANCE COMPANY OF CANADA
R-C
416-366-9206 Fax 416-366-4330
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
14,444,000 86,146,000 100,590,000 — 17,223,000 8,056,000 4,778,000 30,057,000 7,495,000 284,000 45,610,000 1,203,000 — —————185,239,000 212,070,000 215,903,000 329,602,000 181,671,000
18,370,000 89,893,000 108,263,000 — 18,550,000 8,404,000 4,787,000 31,741,000 8,556,000 280,000 51,482,000 1,143,000 — —————201,465,000 215,529,000 226,720,000 338,295,000 120,253,000
17,536,000 37,316,000 54,852,000 –218,000 8,740,000 7,569,000 3,199,000 19,508,000 864,000 — 56,492,000 –466,000 –1,781,000 —————129,251,000 116,245,000 147,314,000 226,265,000 95,708,000
95.46 41.51 50.67 — 47.12 90.06 66.83 61.46 10.10 — 109.73 –40.77 — ———64.16 53.93 64.98 66.88 79.59
2007 Underwriting Performance Summary Reinsurance Assumed ...............296,528,000 Reinsurance Ceded ...................111,289,000 Net Premiums Written ................185,239,000 Net Premiums Earned................201,465,000 Net Claims & Adj Exp.................129,251,000 Commissions................................42,712,000 Taxes ..................................................26,000 General Expenses........................15,756,000 Undrwtg. Profit/Loss.....................13,721,000 Investment Income.......................76,475,000
Partnership
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WebRater™
Underwriting Result 2007: +$13,721,000 2004: +$10,537,000
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................64.16 Total Expense Ratio ..........................29.03 Combined Loss & Exp. Ratio ............93.19 Return on Equity................................19.35
+$34,305,000 –$7,551,000
2005:
+$6,670,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 132-147 REINSURANCE.chp
5/9/08
10:41 AM
Page 137
p 132-147 REINSURANCE.chp
Class
5/9/08
Net Premiums Written $
10:41 AM
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Net Claims and Adjusting Expenses $
Net Premiums Earned $
Earned Loss Ratio %
NIPPONKOA INSURANCE COMPANY LIMITED
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Net Premiums Written $
Net Premiums Earned $
R-F
502,000 502,000 137,000 54,000 113,000 304,000 269,000 295,000 —————1,370,000 1,055,000 1,324,000 1,537,000 1,973,000
486,000 486,000 145,000 48,000 104,000 297,000 232,000 281,000 —————1,296,000 1,159,000 1,290,000 1,736,000 1,926,000
193,000 193,000 –24,000 104,000 181,000 261,000 –356,000 112,000 —————210,000 –217,000 –744,000 3,636,000 281,000
39.71 39.71 –16.55 216.67 174.04 87.88 –153.45 39.86 ———16.20 –18.72 –57.67 209.45 14.59
Growth: +28.39%
Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006..........................
11,045,000 11,045,000 — 23,957,000 23,957,000 3,000 2,957,000 12,137,000 2,854,000 –233,000 712,000 —————53,432,000 83,773,000
11,401,000 11,401,000 — 23,789,000 23,789,000 3,000 2,957,000 13,758,000 2,665,000 –216,000 712,000 —————55,069,000 63,288,000
% Growth Rate (NPW) ..........................29.86 % of Market (NPW) .............................0.00 Earned Loss Ratio.............................16.20 Total Expense Ratio ..........................48.23 Combined Loss & Exp. Ratio ............64.43 Return on Equity..................................6.04
Reinsurance Assumed ......................304,000 Reinsurance Ceded ............................24,000 Net Premiums Written ....................1,370,000 Net Premiums Earned....................1,296,000 Net Claims & Adj Exp........................210,000 Commissions.....................................238,000 Taxes ..................................................25,000 General Expenses.............................362,000 Undrwtg. Profit/Loss..........................461,000 Investment Income.........................1,264,000
2006: 2003:
2005:
2,039,000 10,571,000 12,610,000 25,000 1,122,000 483,000 1,605,000 — –144,000 638,000 10,099,000 1,558,000 95,000 –122,000 —————26,364,000 27,937,000 49,202,000 41,905,000 45,565,000
22.27 54.80 44.33 10.50 39.74 20.33 30.87 — –99.31 24.53 118.14 58.73 16.27 –290.48 ———54.36 59.52 73.09 63.54 71.60
2007 Underwriting Performance Summary
Underwriting Result 2007: +$8,660,000 2004: +$6,243,000 138
2006: 2003:
R-F
Francis Blumberg, Chief Agent The Exchange Tower, Suite 2300 130 King St. W., P.O. Box 166 Toronto ON M5X 1C7 416-861-0033 Fax 416-861-0200 www.partnerre.com 9,157,000 19,289,000 28,446,000 238,000 2,823,000 2,376,000 5,199,000 45,000 145,000 2,601,000 8,548,000 2,653,000 584,000 42,000 —————48,501,000 46,934,000 67,316,000 65,951,000 63,640,000
Reinsurance Assumed .................49,176,000 Reinsurance Ceded ............................–1,000 Net Premiums Written ..................49,177,000 Net Premiums Earned..................48,501,000 Net Claims & Adj Exp...................26,364,000 Commissions................................10,992,000 Taxes..........................................................— General Expenses..........................2,485,000 Undrwtg. Profit/Loss.......................8,660,000 Investment Income.........................6,967,000
+$9,463,000
R-US
Walter Fransen, Chief Agent & General Manager 55 University Ave., Suite 1600 Toronto ON M5J 2H7 416-862-0162 Fax 416-367-3248 www.odysseyre.com
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
2006:
+$1,286,000
ODYSSEY AMERICA REINSURANCE CORPORATION
9,196,000 20,003,000 29,199,000 233,000 2,810,000 2,378,000 5,188,000 45,000 145,000 2,601,000 8,850,000 2,481,000 393,000 42,000 —————49,177,000 40,353,000 66,939,000 65,066,000 66,120,000
% Growth Rate (NPW) ........................–36.22 % of Market (NPW) .............................0.15 Earned Loss Ratio.............................54.82 Total Expense Ratio ..........................31.35 Combined Loss & Exp. Ratio ............86.17 Return on Equity................................–0.53
Reinsurance Assumed .................97,611,000 Reinsurance Ceded .....................44,179,000 Net Premiums Written ..................53,432,000 Net Premiums Earned..................55,069,000 Net Claims & Adj Exp...................30,187,000 Commissions..................................6,154,000 Taxes..........................................................— General Expenses........................11,111,000 Undrwtg. Profit/Loss.......................7,617,000 Investment Income.........................1,282,000
Underwriting Result 2007: +$7,617,000 +$724,000 +$756,000
6,567,000 57.60 6,567,000 57.60 –4,000 — 11,834,000 49.75 11,834,000 49.75 –415,000 –13,833.33 3,019,000 102.10 6,327,000 45.99 2,503,000 93.92 294,000 –136.11 62,000 8.71 ————————30,187,000 54.82 42,355,000 66.92
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness ..........
Earned Loss Ratio %
Carol Desbiens, Chief Agent for Canada 1800 McGill College Suite 2000 Montreal PQ H3A 3J6 514-842-9262 Fax 514-842-9254
2007 Direct Premiums Written: +$1,090,000
Underwriting Result 2007: +$461,000 2004: –$2,805,000
Net Claims and Adjusting Expenses $
R-F
Robert J. Fellows, Chief Agent c/o St. Paul Travelers 20 Queen St W, Suite 200 PO Box 5 Toronto ON M5H 3R3 416-601-2543 Fax 416-604-4432 Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Marine................................
Class
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
25,987,000 58,544,000 84,531,000 4,241,000 6,274,000 4,146,000 212,000 10,632,000 810,000 54,000 — 7,183,000 11,837,000 4,747,000 315,000 —————124,350,000 127,417,000 148,892,000 152,296,000 185,170,000
21,863,000 68,017,000 89,880,000 4,340,000 9,180,000 4,339,000 459,000 13,978,000 556,000 54,000 — 7,053,000 12,058,000 3,888,000 315,000 —————132,122,000 131,699,000 151,551,000 160,126,000 189,190,000
16,804,000 33,631,000 50,435,000 2,075,000 83,000 10,180,000 –138,000 10,125,000 616,000 –598,000 –7,000 –446,000 10,933,000 1,689,000 4,000 —————74,826,000 57,796,000 78,794,000 96,505,000 132,062,000
76.86 49.44 56.11 47.81 0.90 234.62 –30.07 72.44 110.79 –1,107.41 — –6.32 90.67 43.44 1.27 ———56.63 43.88 51.99 60.27 69.80
2007 Underwriting Performance Summary % Growth Rate (NPW) ..........................21.87 % of Market (NPW) .............................0.14 Earned Loss Ratio.............................54.36 Total Expense Ratio ..........................27.79 Combined Loss & Exp. Ratio ............82.15 Return on Equity................................11.08
+$4,716,000 +$4,987,000
2005:
+$545,000
Reinsurance Assumed ...............137,300,000 Reinsurance Ceded .....................12,950,000 Net Premiums Written ................124,350,000 Net Premiums Earned................132,122,000 Net Claims & Adj Exp...................74,826,000 Commissions................................38,488,000 Taxes..........................................................— General Expenses..........................5,861,000 Undrwtg. Profit/Loss.....................12,947,000 Investment Income.......................11,521,000
Underwriting Result 2007: +$12,947,000 2004: +$12,168,000
2006: 2003:
% Growth Rate (NPW) ..........................–2.41 % of Market (NPW) .............................0.36 Earned Loss Ratio.............................56.63 Total Expense Ratio ..........................33.57 Combined Loss & Exp. Ratio ............90.20 Return on Equity................................17.38
+$22,206,000 +$5,662,000
2005:
+$17,552,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
p 132-147 REINSURANCE.chp
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Net Premiums Written $
Class
10:41 AM
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Net Premiums Earned $
Net Claims and Adjusting Expenses $
Earned Loss Ratio %
PROMUTUEL REASSURANCE
R-C
1091, Grande Allee Ouest Quebec PQ G1S 4Y7 418-683-1212 Fax 418-683-2559 www.promutuel.ca chantal.lemieux@promutuel.ca Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
Net Premiums Written $
Net Claims and Adjusting Expenses $
Net Premiums Earned $
Earned Loss Ratio %
SCOR REINSURANCE COMPANY
R-US
Jaya Narayan, Chief Agent In Canada Canada Trust Tower, BCE Place, 161 Bay St., Suite 5000 Toronto ON M5J 2S1 416-304-6570 Fax 416-365-6616
47,312,000 47,491,000 94,803,000 7,503,000 728,000 13,538,000 21,769,000 4,315,000 43,000 —————120,930,000 110,150,000 108,582,000 93,765,000 74,609,000
44,054,000 47,214,000 91,268,000 6,845,000 540,000 13,088,000 20,473,000 4,229,000 43,000 —————116,013,000 106,329,000 100,389,000 87,481,000 74,571,000
32,450,000 33,777,000 66,227,000 3,481,000 118,000 5,357,000 8,956,000 5,956,000 2,000 —————81,141,000 80,137,000 64,913,000 54,493,000 41,155,000
2007 Direct Premiums Written: +$354,000
73.66 71.54 72.56 50.85 21.85 40.93 43.75 140.84 4.65 ———69.94 75.37 64.66 62.29 55.19
Growth: +14.19%
2007 Underwriting Performance Summary % Growth Rate (NPW) ............................9.79 % of Market (NPW) .............................0.35 Earned Loss Ratio.............................69.94 Total Expense Ratio ..........................30.06 Combined Loss & Exp. Ratio ..........100.00 Return on Equity..................................4.52
Reinsurance Assumed ...............143,262,000 Reinsurance Ceded .....................22,686,000 Net Premiums Written ................120,930,000 Net Premiums Earned................116,013,000 Net Claims & Adj Exp...................81,141,000 Commissions................................29,657,000 Taxes ..................................................12,000 General Expenses..........................5,203,000 Undrwtg. Profit/Loss ...................................— Investment Income.........................5,184,000
Underwriting Result 2006: –$6,016,000 2004: +$9,505,000
Class
2005: 2003:
Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
–1,000 –1,000 — 220,000 220,000 — — —————219,000 895,000 1,964,000 3,817,000 2,712,000
–1,000 –1,000 — 444,000 444,000 — — —————443,000 1,628,000 1,676,000 4,205,000 4,820,000
–7,000 –7,000 –41,000 –1,069,000 –1,069,000 –1,630,000 –4,000 —————–2,751,000 5,321,000 7,580,000 6,252,000 1,600,000
2007 Underwriting Performance Summary % Growth Rate (NPW) ........................–75.53 % of Market (NPW) .............................0.00 Earned Loss Ratio.........................–620.99 Total Expense Ratio ..........................64.79 Combined Loss & Exp. Ratio ........–556.20 Return on Equity..................................9.57
Reinsurance Assumed ......................219,000 Reinsurance Ceded....................................— Net Premiums Written .......................219,000 Net Premiums Earned.......................443,000 Net Claims & Adj Exp...................–2,751,000 Commissions.......................................10,000 Taxes..........................................................— General Expenses.............................277,000 Undrwtg. Profit/Loss.......................2,907,000 Investment Income.........................1,432,000
Underwriting Result 2007: +$2,907,000 2004: –$3,666,000
2006: 2003:
–$4,280,000 +$1,721,000
2005:
–$6,180,000
SOREMA NORTH AMERICA REINSURANCE COMPANY
+$8,091,000 +$14,907,000
700.00 700.00 — –240.77 –240.77 — — ———–620.99 326.84 452.27 148.68 33.20
R-F
Jaya Narayan, Chief Agent In Canada Canada Trust Tower, BCE Place 161 Bay St., Suite 5000 Toronto ON M5J 2S1 416-304-6570 Fax 416-365-6616
SCOR CANADA REINSURANCE COMPANY
R-C
Henry Klecan Jr., President & C.E.O. Canada Trust Tower, BCE Place 161 Bay St., Suite 5000 Toronto ON M5J 2S1 416-869-3670 Fax 416-365-9393 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
1,391,000 65,407,000 66,798,000 13,044,000 — 2,453,000 15,497,000 160,000 — 480,000 12,897,000 1,794,000 199,000 13,000 —————97,838,000 96,457,000 85,230,000 58,456,000 134,770,000
1,496,000 64,253,000 65,749,000 13,036,000 — 2,425,000 15,461,000 168,000 — 480,000 13,063,000 1,632,000 199,000 13,000 —————96,765,000 90,898,000 76,062,000 77,081,000 168,496,000
58,000 38,110,000 38,168,000 9,758,000 –45,000 3,149,000 12,862,000 97,000 –84,000 62,000 10,621,000 285,000 99,000 –3,000 —————62,107,000 58,122,000 47,509,000 49,027,000 119,014,000
3.88 59.31 58.05 74.85 — 129.86 83.19 57.74 — 12.92 81.31 17.46 49.75 –23.08 ———64.18 63.94 62.46 63.60 70.63
2007 Underwriting Performance Summary Reinsurance Assumed ...............120,282,000 Reinsurance Ceded .....................21,893,000 Net Premiums Written ..................97,838,000 Net Premiums Earned..................96,765,000 Net Claims & Adj Exp...................62,107,000 Commissions................................27,272,000 Taxes..........................................................— General Expenses..........................6,601,000 Undrwtg. Profit/Loss..........................785,000 Investment Income.......................16,817,000
Underwriting Result 2007: +$785,000 2004: +$3,640,000
2006: 2003:
% Growth Rate (NPW) ............................1.43 % of Market (NPW) .............................0.28 Earned Loss Ratio.............................64.18 Total Expense Ratio ..........................35.01 Combined Loss & Exp. Ratio ............99.19 Return on Equity..................................7.46
–$1,670,000 –$761,000
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— — — — — — — — — —————— 7,000 6,000 1,120,000 929,000
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
–$4,262,000
–14,000 –12,000 –26,000 77,000 52,000 26,000 155,000 22,000 2,000 —————153,000 –633,000 –186,000 311,000 1,323,000
— — — — — — — — — ———— –9,042.86 –3,100.00 21.87 77.55
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded....................................— Net Premiums Written ................................— Net Premiums Earned ................................— Net Claims & Adj Exp........................153,000 Commissions.....................................–39,000 Taxes..........................................................— General Expenses.............................310,000 Undrwtg. Profit/Loss........................–424,000 Investment Income.........................1,646,000
Underwriting Result 2007: –$424,000 2004: +$1,230,000
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio ..................................— Total Expense Ratio ...............................— Combined Loss & Exp. Ratio..................— Return on Equity................................14.50
+$234,000 +$1,033,000
2005:
–$24,000
Helping assess and develop marketing strategies through comparative quoting
Analytics 2005:
— — — — — — — — — —————— 7,000 6,000 1,422,000 1,706,000
Rating & statistical analysis
www.compu-quote.com
Powered by Compu-Quote 139
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Net Premiums Earned $
SWISS REINSURANCE GROUP
Earned Loss Ratio %
R-F
EMPLOYERS REINSURANCE CORPORATION SWISS REINSURANCE COMPANY SWISS REINSURANCE COMPANY CANADA NORTH AMERICAN SPECIALTY INSURANCE COMPANY Jean-Jacques Henchoz, President & C.E.O. 150 King St. W., Suite 2200 P.O. Box 50 Toronto ON M5H 1J9 416-408-5945 Fax 416-408-4222 www.swissre.com/canada Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Legal Expense ................... Liability............................... Mortgage ........................... Surety ................................ Marine................................ Accident & Sickness .......... Other Apprvd. Prod............ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
18,086,000 108,305,000 126,391,000 12,026,000 7,165,000 4,834,000 2,171,000 14,170,000 1,955,000 885,000 294,000 4,491,000 — 58,587,000 1,000 7,404,000 1,890,000 1,000 215,000 —————228,310,000 287,615,000 148,262,000 225,338,000 185,794,000
18,460,000 114,850,000 133,310,000 11,975,000 8,324,000 4,785,000 2,968,000 16,077,000 1,590,000 1,396,000 676,000 4,568,000 — 85,569,000 1,000 8,038,000 1,760,000 1,000 215,000 —————265,176,000 289,998,000 171,788,000 215,194,000 182,750,000
11,604,000 62.86 20,965,000 18.25 32,569,000 24.43 5,892,000 49.20 6,651,000 79.90 3,462,000 72.35 1,979,000 66.68 12,092,000 75.21 766,000 48.18 396,000 28.37 2,372,000 350.89 2,535,000 55.49 –114,000 — 84,945,000 99.27 — — –715,000 –8.90 60,000 3.41 –265,000 –26,500.00 167,000 77.67 ————————140,700,000 53.06 133,934,000 46.18 209,653,000 122.04 127,259,000 59.14 96,007,000 52.53
Growth: –46.09%
2007 Underwriting Performance Summary
Underwriting Result 2007: +$49,054,000 2004: +$26,355,000
2006: 2003:
% Growth Rate (NPW) ........................–20.62 % of Market (NPW) .............................0.66 Earned Loss Ratio.............................53.06 Total Expense Ratio ..........................28.44 Combined Loss & Exp. Ratio ............81.50 Return on Equity................................12.41
+$57,663,000 +$35,870,000
2005:
–$97,112,000
R-F
Jean-Jacques Henchoz, Chief Agent 150 King St. W., Suite 2200 PO Box 50 Toronto ON M5H 1J9 416-408-5945
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004..........................
–5,991,000 –5,991,000 –935,000 —————–6,926,000 19,367,000 431,000 4,347,000
7,178,000 7,178,000 1,626,000 —————8,804,000 4,565,000 1,905,000 1,199,000
2007 Direct Premiums Written: –$9,235,000
378,000 378,000 1,349,000 —————1,727,000 842,000 1,485,000 1,035,000
5.27 5.27 82.96 ———19.62 18.44 77.95 86.32
Growth: –135.76%
Underwriting Result 2007: +$5,780,000 2004: –$84,000 140
2006:
Net Claims and Adjusting Expenses $
SWISS REINSURANCE COMPANY
Earned Loss Ratio %
R-F
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Other Apprvd. Prod............ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
3,046,000 24,068,000 27,114,000 358,000 1,588,000 1,152,000 491,000 3,231,000 432,000 211,000 55,000 1,069,000 4,399,000 1,640,000 637,000 — 51,000 —————39,197,000 34,277,000 36,882,000 55,437,000 44,291,000
3,034,000 21,128,000 24,162,000 374,000 1,835,000 1,139,000 663,000 3,637,000 321,000 333,000 145,000 1,054,000 4,625,000 1,507,000 605,000 — 51,000 —————36,814,000 33,182,000 43,464,000 55,391,000 43,564,000
3,683,000 3,501,000 7,184,000 355,000 944,000 580,000 539,000 2,063,000 250,000 109,000 91,000 752,000 –2,327,000 113,000 35,000 –55,000 40,000 —————8,610,000 2,004,000 145,663,000 31,660,000 21,448,000
121.39 16.57 29.73 94.92 51.44 50.92 81.30 56.72 77.88 32.73 62.76 71.35 –50.31 7.50 5.79 — 78.43 ———23.39 6.04 335.13 57.16 49.23
2007 Underwriting Performance Summary % Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................23.39 Total Expense Ratio ..........................30.70 Combined Loss & Exp. Ratio ............54.09 Return on Equity................................42.72
Reinsurance Assumed .................41,597,000 Reinsurance Ceded .......................2,400,000 Net Premiums Written ..................39,197,000 Net Premiums Earned..................36,814,000 Net Claims & Adj Exp.....................8,610,000 Commissions..................................9,581,000 Taxes..........................................................— General Expenses..........................1,722,000 Undrwtg. Profit/Loss.....................16,901,000 Investment Income.........................5,783,000
Underwriting Result 2007: +$16,901,000 2004: +$8,842,000
2006: 2003:
+$19,728,000 +$10,269,000
2005: –$114,821,000
SWISS REINSURANCE COMPANY CANADA
R-F
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Credit ................................. Fidelity ............................... Hail .................................... Legal Expense ................... Liability............................... Mortgage ........................... Surety ................................ Marine................................ Accident & Sickness .......... Other Apprvd. Prod............ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
15,040,000 77,536,000 92,576,000 1,146,000 5,720,000 3,688,000 1,570,000 10,978,000 1,381,000 674,000 175,000 3,422,000 — 14,947,000 1,000 5,247,000 1,120,000 — 164,000 —————131,831,000 113,966,000 110,949,000 165,554,000 141,503,000
15,461,000 66,989,000 82,450,000 1,296,000 6,632,000 3,652,000 2,196,000 12,480,000 1,001,000 1,063,000 467,000 3,514,000 — 15,837,000 1,000 4,928,000 1,022,000 — 164,000 —————124,223,000 110,462,000 126,419,000 158,604,000 139,186,000
10,605,000 12,432,000 23,037,000 917,000 3,266,000 2,413,000 1,464,000 7,143,000 513,000 287,000 316,000 1,783,000 –114,000 4,021,000 — 251,000 27,000 –172,000 127,000 —————38,136,000 24,863,000 62,505,000 94,737,000 74,559,000
68.59 18.56 27.94 70.76 49.25 66.07 66.67 57.24 51.25 27.00 67.67 50.74 — 25.39 — 5.09 2.64 — 77.44 ———30.70 22.51 49.44 59.73 53.57
2007 Underwriting Performance Summary
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .....................–2,309,000 Net Premiums Written ..................–6,926,000 Net Premiums Earned....................8,804,000 Net Claims & Adj Exp.....................1,727,000 Commissions..................................1,819,000 Taxes ..............................................–416,000 General Expenses...........................–106,000 Undrwtg. Profit/Loss.......................5,780,000 Investment Income............................318,000
Net Premiums Earned $
Jean-Jacques Henchoz, President & C.E.O. 150 King St. W., Suite 2200, P.O. Box 50 Toronto ON M5H 1J9 416-408-5945, Fax 416-408-4222 www.swissre.com/canada
NORTH AMERICAN SPECIALTY INSURANCE COMPANY
Prop. - Commercial............ Prop. - Total ....................... Liability...............................
Net Premiums Written $
Jean-Jacques Henchoz, Chief Agent 150 King St. W., Suite 2200, P.O. Box 50 Toronto ON M5H 1J9 416-408-5945, Fax 416-408-4222 www.swissre.com/canada
2007 Direct Premiums Written: +$76,684,000
Reinsurance Assumed ...............386,209,000 Reinsurance Ceded ...................234,583,000 Net Premiums Written ................228,310,000 Net Premiums Earned................265,176,000 Net Claims & Adj Exp.................140,700,000 Commissions................................54,808,000 Taxes .............................................2,416,000 General Expenses........................18,198,000 Undrwtg. Profit/Loss.....................49,054,000 Investment Income.......................51,103,000
Class
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................19.62 Total Expense Ratio ..........................14.73 Combined Loss & Exp. Ratio ............34.35 Return on Equity................................28.81
+$2,967,000
2005:
+$92,000
Reinsurance Assumed ...............364,404,000 Reinsurance Ceded ...................232,573,000 Net Premiums Written ................131,831,000 Net Premiums Earned................124,223,000 Net Claims & Adj Exp...................38,136,000 Commissions................................30,097,000 Taxes..........................................................— General Expenses........................10,963,000 Undrwtg. Profit/Loss.....................45,027,000 Investment Income.........................4,574,000
Underwriting Result 2007: +$45,027,000 2004: +$17,597,000
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................30.70 Total Expense Ratio ..........................33.05 Combined Loss & Exp. Ratio ............63.75 Return on Equity................................22.64
+$42,034,000 +$25,601,000
2005:
+$17,617,000
SWISS REINSURANCE GROUP continues on page 142
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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Think to innovate … innovate to sustain. www.swissre.com Swiss Re didn’t invent diversification. But it did expand the risk management model. Pushed the edges of the envelope. And today, Swiss Re’s thought leadership is again pioneering a new era: one in which traditional and financial risk solutions are taking on ever bigger risks in an ever smaller world. Swiss Re partners long-term with you to develop reliable, innovative solutions for the risks that threaten your profitability and growth. If you find yourself cornered by risk – talk with Swiss Re.
Expertise you can build on. © 2008 Swiss Re
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Earned Loss Ratio %
R-US
Peter N. Borst, FIIC, Senior Vice President & Chief Agent In Canada 150 King St W, Suite 2200 PO Box 50 Toronto ON M5H 1J9 416-408-5945 Fax 416-408-4222
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— 12,692,000 12,692,000 10,522,000 –143,000 –6,000 110,000 –39,000 142,000 64,000 40,176,000 517,000 133,000 1,000 —————64,208,000 120,005,000 165,256,000 269,132,000 265,751,000
–35,000 19,555,000 19,520,000 10,305,000 –143,000 –6,000 109,000 –40,000 268,000 64,000 63,481,000 1,603,000 133,000 1,000 —————95,335,000 141,789,000 182,602,000 248,875,000 240,741,000
2007 Direct Premiums Written: +$85,919,000
Net Premiums Written $
Net Claims and Adjusting Expenses $
Net Premiums Earned $
Earned Loss Ratio %
T.H.E. INSURANCE COMPANY
SWISS REINSURANCE GROUP continued from page 140
EMPLOYERS REINSURANCE CORPORATION
Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Pers. Acc................ Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness ..........
Class
Auto. - Liability ................... Auto. - Total ....................... Liability...............................
–2,684,000 4,654,000 1,970,000 4,620,000 2,441,000 469,000 –24,000 2,886,000 3,000 1,965,000 81,902,000 –1,079,000 –2,000 –38,000 —————92,227,000 106,225,000 119,778,000 161,591,000 173,592,000
7,668.57 23.80 10.09 44.83 –1,706.99 –7,816.67 –22.02 –7,215.00 1.12 3,070.31 129.02 –67.31 –1.50 –3,800.00 ———96.74 74.92 65.60 64.93 72.11
R-US
Steven Frye, Chief Agent 200 University Ave, 14th Floor Toronto ON M5H 3C6 www.theinsco.com sfrye@cooksonwalker.on.ca
Total 2007.......................... Total 2006.......................... Total 2005..........................
7,000 7,000 63,000 —————70,000 100,000 145,000
7,000 7,000 84,000 —————91,000 125,000 216,000
2007 Direct Premiums Written: +$63,000
— — 21,000 —————21,000 –120,000 103,000
Growth: –49.19%
2007 Underwriting Performance Summary % Growth Rate (NPW) ........................–30.00 % of Market (NPW) .............................0.00 Earned Loss Ratio.............................23.08 Total Expense Ratio ........................164.84 Combined Loss & Exp. Ratio ..........187.92 Return on Equity..............................–10.18
Reinsurance Assumed ...............................— Reinsurance Ceded ............................–7,000 Net Premiums Written .........................70,000 Net Premiums Earned.........................91,000 Net Claims & Adj Exp..........................21,000 Commissions.......................................10,000 Taxes ....................................................2,000 General Expenses.............................138,000 Undrwtg. Profit/Loss..........................–80,000 Investment Income..............................65,000
Underwriting Result 2007: –$80,000
2006:
+$103,000
2005:
–$33,000
Growth: –26.20%
R-F
2007 Underwriting Performance Summary Reinsurance Assumed .................21,421,000 Reinsurance Ceded .....................43,132,000 Net Premiums Written ..................64,208,000 Net Premiums Earned..................95,335,000 Net Claims & Adj Exp...................92,227,000 Commissions................................13,311,000 Taxes .............................................2,832,000 General Expenses..........................5,619,000 Undrwtg. Profit/Loss...................–18,654,000 Investment Income.......................40,428,000
Underwriting Result 2007: –$18,654,000 2004: +$21,007,000
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................96.74 Total Expense Ratio ..........................22.83 Combined Loss & Exp. Ratio ..........119.57 Return on Equity..................................6.32
–$7,066,000 –$1,202,000
2005:
+$11,145,000
TERRA NOVA INSURANCE COMPANY LIMITED
R-UK
Brian Reeve, Chief Agent for Canada 40 King St. W., Suite 2100 Toronto ON M5H 3C2 416-864-0500 Fax 416-864-1030 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Fidelity ............................... Liability............................... Surety ................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
— — 25.00 ———23.08 –96.00 47.69
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 Prop. - Personal................. Prop. - Commercial............ Prop. - Total ....................... Auto. - Liability ................... Auto. - Total ....................... Fidelity ............................... Hail .................................... Liability............................... Surety ................................ Marine................................ Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
5,733,000 4,353,000 10,086,000 16,435,000 16,435,000 93,000 22,000 12,488,000 206,000 752,000 —————40,082,000 39,488,000 37,697,000 41,635,000 29,135,000
5,799,000 4,051,000 9,850,000 16,692,000 16,692,000 93,000 22,000 12,928,000 206,000 686,000 —————40,477,000 40,294,000 39,618,000 37,743,000 28,548,000
2,616,000 1,801,000 4,417,000 9,723,000 9,723,000 35,000 10,000 6,199,000 55,000 315,000 —————20,754,000 28,659,000 32,021,000 36,075,000 20,796,000
45.11 44.46 44.84 58.25 58.25 37.63 45.45 47.95 26.70 45.92 ———51.27 71.12 80.82 95.58 72.85
2007 Underwriting Performance Summary
— –19,000 –19,000 –4,000 — –4,000 — 55,000 — —————32,000 –29,000 –71,000 118,000 369,000
— –19,000 –19,000 –4,000 — –4,000 — 55,000 — —————32,000 –29,000 –71,000 118,000 1,591,000
–6,000 –174,000 –180,000 –638,000 –5,000 –643,000 –72,000 760,000 –21,000 —————–156,000 223,000 3,030,000 912,000 4,986,000
— 915.79 947.37 15,950.00 — 16,075.00 — 1,381.82 — ———–487.50 –768.97 –4,267.61 772.88 313.39
Reinsurance Assumed .................50,168,000 Reinsurance Ceded .....................10,086,000 Net Premiums Written ..................40,082,000 Net Premiums Earned..................40,477,000 Net Claims & Adj Exp...................20,754,000 Commissions..................................7,361,000 Taxes..........................................................— General Expenses..........................2,930,000 Undrwtg. Profit/Loss.......................9,432,000 Investment Income.........................6,976,000
Underwriting Result 2007: +$9,432,000 2004: –$7,454,000
2006: 2003:
% Growth Rate (NPW) ............................1.50 % of Market (NPW) .............................0.12 Earned Loss Ratio.............................51.27 Total Expense Ratio ..........................25.42 Combined Loss & Exp. Ratio ............76.69 Return on Equity................................14.29
+$2,960,000 +$2,042,000
2005:
–$1,537,000
2007 Underwriting Performance Summary Reinsurance Assumed ........................32,000 Reinsurance Ceded....................................— Net Premiums Written .........................32,000 Net Premiums Earned.........................32,000 Net Claims & Adj Exp......................–156,000 Commissions.....................................–25,000 Taxes..........................................................— General Expenses.............................224,000 Undrwtg. Profit/Loss..........................–11,000 Investment Income.........................1,699,000
Underwriting Result 2007: –$11,000 2004: –$1,652,000 142
2006: 2003:
Helping rate your entire portfolio against the marketplace
% Growth Rate (NPW) ......................–210.34 % of Market (NPW) .............................0.00 Earned Loss Ratio.........................–487.50 Total Expense Ratio ........................621.88 Combined Loss & Exp. Ratio ..........134.38 Return on Equity..................................7.94
–$628,000 –$5,006,000
Strategy 2005:
–$3,547,000
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Net Premiums Written $
Class
11:02 AM
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Net Premiums Earned $
Net Claims and Adjusting Expenses $
TRANSATLANTIC REINSURANCE COMPANY
Earned Loss Ratio %
Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
59,332,000 59,332,000 40,000 13,392,000 24,000 13,416,000 1,588,000 1,408,000 25,986,000 5,192,000 39,000 —————107,001,000 98,364,000 88,584,000 81,992,000 80,492,000
26,657,000 26,657,000 –1,000 4,955,000 126,000 5,081,000 –49,000 861,000 12,036,000 2,330,000 43,000 —————46,958,000 48,881,000 53,133,000 51,577,000 48,665,000
44.93 44.93 –2.50 37.00 525.00 37.87 –3.09 61.15 46.32 44.88 110.26 ———43.89 49.69 59.98 62.90 60.46
2007 Underwriting Performance Summary Reinsurance Assumed ...............260,022,000 Reinsurance Ceded ...................151,729,000 Net Premiums Written ................108,293,000 Net Premiums Earned................107,001,000 Net Claims & Adj Exp...................46,958,000 Commissions................................24,145,000 Taxes ..................................................18,000 General Expenses..........................3,152,000 Undrwtg. Profit/Loss.....................32,728,000 Investment Income.......................14,844,000
2006: 2003:
Net Claims and Adjusting Expenses $
Net Premiums Earned $
Earned Loss Ratio %
R-F
Christopher Colle, Branch Director and 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
61,638,000 61,638,000 85,000 13,221,000 169,000 13,390,000 1,711,000 1,259,000 24,508,000 5,670,000 32,000 —————108,293,000 102,123,000 91,563,000 80,524,000 82,040,000
Underwriting Result 2007: +$32,728,000 2004: +$12,101,000
Net Premiums Written $
XL REINSURANCE AMERICA, INC R-US CANADIAN BRANCH
Gary A. McMillan, Chief Agent For Canada 145 Wellington St. W. Toronto ON M5J 1H8 416-596-0366 Fax 416-971-8782 http://www.transre.com cmacdonald@transre.com Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Other ...................... Auto. - Total ....................... Boiler & Machinery ............ Fidelity ............................... Liability............................... Surety ................................ Marine................................
Class
% Growth Rate (NPW) ............................6.04 % of Market (NPW) .............................0.31 Earned Loss Ratio.............................43.89 Total Expense Ratio ..........................25.53 Combined Loss & Exp. Ratio ............69.42 Return on Equity................................15.87
+$24,111,000 +$13,449,000
2005:
+$13,637,000
Prop. - Commercial............ Prop. - Total ....................... Aircraft ............................... Auto. - Liability ................... Auto. - Total ....................... Fidelity ............................... Liability............................... Surety ................................ Marine................................ Accident & Sickness .......... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
39,048,000 39,048,000 –6,000 3,303,000 3,303,000 13,000 62,257,000 13,000 –1,000 — —————104,627,000 121,002,000 85,798,000 72,238,000 53,080,000
44,083,000 44,083,000 –6,000 3,498,000 3,498,000 6,000 61,610,000 13,000 — 8,000 —————109,212,000 102,329,000 83,458,000 66,752,000 42,227,000
14,771,000 14,771,000 –491,000 3,294,000 3,294,000 –88,000 24,774,000 7,000 — 1,000 —————42,268,000 54,863,000 59,034,000 49,039,000 17,583,000
2007 Direct Premiums Written: +$58,335,000 2007 Underwriting Performance Summary Reinsurance Assumed .................50,308,000 Reinsurance Ceded .......................4,016,000 Net Premiums Written ................104,627,000 Net Premiums Earned................109,212,000 Net Claims & Adj Exp...................42,268,000 Commissions................................27,246,000 Taxes .............................................1,843,000 General Expenses........................12,020,000 Undrwtg. Profit/Loss.....................25,665,000 Investment Income.......................18,976,000
Underwriting Result 2007: +$25,665,000 2004: –$2,905,000
2006: 2003:
33.51 33.51 8,183.33 94.17 94.17 –1,466.67 40.21 53.85 — 12.50 ———38.70 53.61 70.73 73.46 41.64
Growth: +5.86%
% Growth Rate (NPW) ........................–13.53 % of Market (NPW) .............................0.30 Earned Loss Ratio.............................38.70 Total Expense Ratio ..........................37.64 Combined Loss & Exp. Ratio ............76.34 Return on Equity................................14.01
+$14,896,000 +$11,959,000
2005:
–$2,668,000
THE FIRM IS NEW. BUT THE FACES ARE FAMILIAR. MOODIE MAIR HARLEY & WALKER LLP BARRISTERS & SOLICITORS 154 UNIVERSITY AVE. SUITE 500 TORONTO ON M5H 3Y9 416 340 0500 MMHWLAWYERS.COM
We built our law firm on a solid foundation of years of experience in insurance litigation. But Moodie Mair Harley & Walker was also built on the strength of our relationships with our clients. They recognize that the better we understand their needs, the more favourable the results. That’s why they turn to us for seasoned trial counsel and expert coverage advice. Looking for a better relationship with lawyers you trust? The name you need to know is mmhw.
CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
143
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2007 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 A.W. Miles, Chief Agent 201 Queens Ave London ON N6A 1J1 519-660-2611 Fax 519-660-2623 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 ....................................................................
AXA Assurances Inc.
Life 2 Canassurance Insurance Company
56,029,000 16,153,000 39,548,000 2,392,000 2,669,000 71,000 377,000 1,944,000
Life 2
Claude Boivin, CA 550 rue Sherbrooke ouest Montreal QC H3A 3S3 514-286-8400 Fax 514-286-8475 www.qc.croixbleue.ca www.qc.bluecross.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 ............................................................................................... Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual A&S Premiums Written.............................................................. Group Group A&S Premiums Written ........................................................
Cigna Life Insurance Company of Canada 154,357,000 42,622,000 110,591,000 10,249,000 15,123,000 35,000 10,214,000
Life 1
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
Blue Cross Life Insurance Company of Canada 644 Main St, PO Box 220 Moncton NB E1C 8L3 506-853-1811 Fax 506-867-4646 www.bluecross.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 ............................................................................................... Non-Participating In Canada Business (Consolidated) Individual Life Premiums Written ............................................................... Group Life Premiums Written .................................................................... Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ...................................................................
Canadian Premier Life Insurance Company 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) Group Life Premiums Written .................................................................... Group A&S Premiums Written ................................................................... 144
780,905,000 678,283,000 102,622,000 122,374,000 6,989,000 48,224,000 4,291,000 7,231,000 19,121,000 43,507,000
Life 1
Key Metrics (Canada) Total Consolidated Assets ......................................................................... Total Consolidated Liabilities ..................................................................... Total Consolidated Premium Income ........................................................ Net Income ................................................................................................ Non-Participating In Canada Business (Consolidated) Group Life Premiums Written .................................................................... Group A&S Premiums Written ...................................................................
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 ............................................................... Group Life Premiums Written .................................................................... Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ...................................................................
Connecticut General Life Insurance Company
289,200,000 219,458,000 69,742,000 119,575,000 5,380,000 13,248,000 35,975,000 4,290,000 66,062,000
Life 1
36,635,000 103,387,000
878,000 1,586,000 20,740,000 2,451,000
Life 1
38,688,000 27,452,000 9,894,000 2,586,000 455,000 9,439,000
Life 2
615,753,000 309,901,000 306,293,000 226,187,000 81,567,000 14,670,000 246,000 210,267,000 1,004,000
Life 2
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 ...................................................................
CUNA Mutual Insurance Society 133,098,000 20,683,000 112,715,000 140,022,000 21,261,000
80,950,000 48,186,000 32,764,000 29,064,000 546,000
M. Eman Hassan, President & CEO 55 Town Centre Court, Suite 606 Scarborough ON M1P 4X4 416-290-6666 Fax 416-290-0726
Combined Insurance Company of America 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 1
76,620,000 55,546,000 19,449,000 4,826,000 -1,804,000 3,670,000 90,000 1,066,000
Life 2
151 North Service Rd PO Box 5065 Burlington ON L7R 4C2 Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................
21,624,000 15,398,000 6,226,000 119,000 285,000
canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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General American 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 ............................................................... Individual Annuity 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 Group A&S Premiums Written ...................................................................
Life Insurance Company of North America
Life 2
1,409,158,000 564,593,000 844,565,000 196,498,000 119,866,000 196,352,000 146,000
Life 2
The Manufacturers Life Insurance Company Dominic Dâ&#x20AC;&#x2122;Alessandro, President & Chief Executive Officer 200 Bloor St E Toronto ON M4W 1E5 416-926-0100 Fax 416-926-5454 www.manulife.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 Annuity Premiums Written .............................................................. Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ................................................................... CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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..............................................................
456,070,000 19,582,000 436,488,000 176,631,000 55,809,000 176,574,000 17,000 40,000
Life 1
20,365,000 5,804,000 14,570,000 2,464,000 402,000 2,464,000
Life 2
23,302,000 3,826,000 20,135,000 5,104,000 -2,830,000 5,104,000
Life 2
M. Eman Hassan, President & CEO 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.................................................................................. otal Premium Income................................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Group Life Premiums Written .................................................................... Group A&S Premiums Written ...................................................................
Life 1
41,900,000 23,397,000 17,894,000 3,162,000 1,825,000 995,000 2,167,000
Life 1
106,501,542,000 90,831,496,000 15,670,046,000 14,199,486,000 3,651,102,000 976,141,000 639,816,000 388,446,000 182,923,000 343,068,000 2,965,728,000
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 ..................................................................
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 A&S Premiums Written ...................................................................
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 ...................................................................
State Farm International Life Insurance Company Ltd.
54,432,000 28,006,000 26,426,000 50,904,000 2,907,000 1,585,000 71,000 51,546,000 872,000
Life 1
3,208,338,000 2,795,645,000 412,693,000 136,786,000 13,094,000 69,280,000 20,004,000 111,000 47,391,000
Life 2
303,748,000 208,776,000 85,514,000 74,650,000 8,637,000 20,323,000 6,922,000 26,094,000 21,311,000
Life 2
Robert J. Cooke, Senior Vice-President 333 First Commerce Dr Aurora ON L4G 8A4 416-290-4100; Fax 416-290-4970
Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................
997,734,000 794,387,000 197,710,000 106,018,000 17,816,000 145
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Stonebridge Life Insurance Company
Sun Life Assurance Company of Canada
44,225,000 2,135,000 42,160,000 3,132,000 1,719,000 3,132,000
Life 1
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 ...................................................................
Transamerica
87,433,778,000 77,524,674,000 9,909,104,000 10,025,042,000 1,388,915,000 713,969,000 467,004,000 540,843,000 560,470,000 103,035,000 2,357,311,000
Life 1
Paul Reaburn, 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 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 ...................................................................
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 ...................................................................
Efficiency
Life 1
Life 2
Isaac Sananes, B.A. ALHC, Chief Agent 80 Tiverton Court, 5th Floor Markham ON L3R 0G4 905-948-2103 Fax 905-479-3224 Key Metrics (Canada) Total Assets ............................................................................................... Total Liabilities ........................................................................................... Head Office Account.................................................................................. Total Premium Income .............................................................................. Net Income ................................................................................................ Non-Participating In Canada Business Group A&S Premiums Written ...................................................................
5,907,994,000 4,943,719,000 464,001,000 -307,318,000
Tony Poole, President & CEO 100 Milverton Dr #400 Mississauga ON L5R 4H1 905-219-8000 Fax 905-219-8121 info@unitylife.ca www.unitylife.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 .................................................................... Group Annuity Premiums Written .............................................................. Individual A&S Premiums Written.............................................................. Group A&S Premiums Written ...................................................................
561,971,000 511,123,000 50,848,000 86,154,000 4,227,000 47,836,000 3,694,000 46,640,000 6,094,000 3,292,000
The Wawanesa Life Insurance Company K. McCrea, President & C.E.O. 191 Broadway 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
496,704,000 405,015,000 91,689,000 83,344,000 4,457,000 17,541,000 3,846,000 21,498,000 19,341,000
431,138,000 15,000 31,018,000 1,484,000 -6,000
Life 1
631,163,000 533,974,000 97,189,000 59,990,000 11,465,000 23,794,000 1,149,000 10,495,000 513,000 19,509,000
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p 147 Ins Services
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• INSURANCE PUBLICATIONS •
• RESTORATION •
The Claims Professional Magazine www.claimscanada.ca
Specialized and friendly legal assistance to general insurance brokers.
BORLAK
• LEGAL • “Serving Canadians Coast to Coast” • Mergers, acquisitions, sales • Producer/employee agreements and issues • Succession planning and implementation • Shareholders/partnership agreements • Financing (416) 324-2610 Email: steve@borlak.ca www.borlak.ca
MOISTURE CONTROL SERVICE 24 Hour 1-800-MUNTERS (1-800-686-8377) www.muntersmcs.com • Water Damage Recovery Services • Document/Media Restoration • Temporary Humidity Control Over 35 Offices in North America Access to Thousands of Equipment Units
• CAREERS •
• Insurance Industry Online •
PROPERTY RESTORATION SPECIALISTS Toll Free 24 Hr. Assignment and Emergency Response #
1-866-4-WINMAR
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INSURANCE INTERNET DIRECTORY
online at www.canadianunderwriter.ca ACCIDENT REPORTING CENTRES ACCIDENT SUPPORT SERVICES INTERNATIONAL LTD. Collision reporting to Insurers & Police, promote claims programs, fight fraud, photo imaging damage, electronic delivery & total customer service to insureds. www.accsupport.com ACCOUNTANTS WILLIAMS & PARTNERS INC. Forensic and Investigative Accountants. www.williamsandpartners.com ASSOCIATIONS CANADIAN INDEPENDENT ADJUSTERS' ASSOCIATION (CIAA) "The voice of Independent Adjusters in Canada" www.ciaa-adjusters.ca
MCLARENS CANADA International Loss Adjusters and Surveyors www.mclarens.ca P.C.A. ADJUSTERS LIMITED Property Casualty All-Lines Adjusters. www.pca-adj.com SCM ADJUSTERS CANADA LTD. Committed to providing leading edge claims management services. www.scm.ca COLLISION SERVICES CERTIFIEDFIRST NETWORK Consider it done.™ www.certifiedfirst.com CONSULTING FIRMS
I N S U R A N C E C O M PA N I E S AMERICAN INTERNATIONAL COMPANIES "The Strength to Be There". www.aigcanada.com AVIVA CANADA INC. Home Auto and Business Assurance. www.avivacanada.com/ FM GLOBAL The leader in property loss prevention. www.fmglobal.com GRAIN INSURANCE AND GUARANTEE COMPANY Commercial Lines Underwriters www.graininsurance.com THE GUARANTEE COMPANY OF NORTH AMERICA “Specialized insurance products...professional service” www.gcna.com
CANADIAN STANDARDS ASSOCIATION Developing standards to enhance public safety and health for business, government and consumers. www.csa.ca
BROKER BUILDER CORP. Convert receivables into revenues with an in house premium finance program www.brokerbuilder.ca
HONOURABLE ORDER OF THE BLUE GOOSE - ONTARIO POND Our fraternal organization has been dedicated to fellowship and charity since 1908. www.bluegooseontario.org
CAMERON & ASSOCIATES INSURANCE CONSULTANTS LTD. Claims consultants to the insurance & reinsurance community. www.cameronassociates.com
PILOT INSURANCE COMPANY Over 80 years of Protection Through Local Brokers. www.pilot.ca
KEAL TECHNOLOGIES Complete technology solutions for insurance brokers. www.keal.com
ROYAL & SUN ALLIANCE INSURANCE COMPANY OF CANADA Forward thinking since 1710. www.royalsunalliance.ca
DIRECTORS, OFFICERS & TRUSTEES LIABILITY INSURANCE
SOVEREIGN GENERAL INSURANCE COMPANY Since 1953 www.sovereigngeneral.com
THE INSURANCE INSTITUTE OF CANADA The professional educational arm of the industry. www.insuranceinstitute.ca REGISTERED INSURANCE BROKERS OF ONTARIO (RIBO) Self-regulatory body for general insurance brokers in Ontario. www.ribo.com RISK & INSURANCE MANAGEMENT SOCIETY INC. Dedicated to advancing the practice of effective risk management. www.rims.org RISK MANAGEMENT CONSULTANTS OF ONTARIO (RMCO) Self-regulatory body for independent, fee-for-service risk management and property/casualty consultants operating in Ontario. www.rmco.ca BUILDERS RISK INSURANCE WINTONIAK & MOTARD INSURANCE Build your own Builder's Risk Insurance Quotation/Cover online - as easy as 1..2..3. www.canadabuildersrisk.com CLAIMS ADJUSTING FIRMS CGI ADJUSTERS INC. The one-stop risk shop for all your insurance needs. www.ibs.cgi.com CRAWFORD ADJUSTERS CANADA One Globe, One Company www.crawfordandcompany.com CUNNINGHAM LINDSEY International independent claims services. www.cunninghamlindsey.com KERNAGHAN ADJUSTERS Adjusting Solutions — Depend On Us! www.kernaghan.com
EXECUTIVE RISK SERVICES LTD Mitigating Risks for Directors, Officers and Trustees www.execurisk.com EMPLOYMENT ONLINE I-HIRE.CA Canada's Insurance Career Destination www.i-hire.ca ENGINEERING SERVICES GIFFIN KOERTH FORENSIC ENGINEERING AND SCIENCE Investigate Understand Communicate www.giffinkoerth.com ROCHON ENGINEERING INC. Forensic Consulting Engineers & Code Consultants. www.rochons.com WALTERS FORENSIC ENGINEERING INC. Uncovering the Truth www.waltersforensic.com GRAPHIC COMMUNICATIONS INFORMCO INC. Integrated Graphic Communications Specialists. www.informco.com INSURANCE BROKERS CANADA BROKERLINK INC. Ontario: CANADA BROKERLINK (ONTARIO) INC. Alberta: CBL OXFORD INSURANCE Insurance In Person www.brokerlink.ca
KINGSWAY GENERAL INSURANCE COMPANY The Specialty Insurer www.kingsway-general.com
SPORTS-CAN INSURANCE CONSULTANTS LTD. Specialist in Annual and Term insurances for Recreational Sports, Fitness, Leisure & Tourism activities www.sports-can.ca WAWANESA INSURANCE Earning your trust since 1896. www.wawanesa.com www.insurancepositions.ca I N S U R A N C E L AW THE ARC GROUP CANADA INC. Your Partner in Insurance Law & Risk Management www.thearcgroup.ca INSURANCE SOFTWARE APPLICATIONS KEAL TECHNOLOGIES Complete technology solutions for insurance brokers. www.keal.com TRITECH FINANCIAL SYSTEMS INC. Provider of an enterprise solution to P&C insurance companies and their agents & brokers in Canada & USA www.trifin.com PREMIUM FINANCING AIG CREDIT CORP. OF CANADA The leader in Financing Commercial Insurance Premiums by offering innovative products & services allowing our Broker Network to experience an instant payment alternative. www.aigcredit.ca
p 148-149 Int Directory
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INSURANCE INTERNET DIRECTORY
online at www.canadianunderwriter.ca To advertise your website in the Insurance Internet Directory:
BROKER BUILDER CORP. Convert receivables into revenues with an in house premium finance program www.brokerbuilder.ca
TRANSATLANTIC REINSURANCE COMPANY For all your reinsurance needs. www.transre.com RESTORATION SERVICES
Steve (416) 510-6800; Paolo (416)
THIRD EYE SOLUTIONS INC. Provides internet enabled premium financing/payment plan software solutions. www.thirdeyesolutions.com
WINMAR Property Restoration Specialists Coming Through For You! www.winmar.on.ca
510-6788; Mike (416) 510-5122
REINSURANCE GUY CARPENTER & COMPANY The world’s leading reinsurance intermediary. www.guycarp.com MARINE RE OF CANADA (MRIL) MRIL are a managing general underwriter that specializes in marine reinsurance. www.mril.net MUNICH REINSURANCE COMPANY OF CANADA Complete reinsurance coverage from Canada’s largest reinsurer. www.mroc.com SWISS REINSURANCE COMPANY CANADA The leading p&c reinsurer in Canada. www.swissre.com
RISK MANAGEMENT THE ARC GROUP CANADA INC. Your Partner in Insurance Law & Risk Management www.thearcgroup.ca SPECIALTY INSURANCE FIRSTBROOK CASSIE & ANDERSON LTD. Your Source For Camp Insurance www.nbrown.com WILLIAM J. SUTTON & CO. LTD. Insuring Special Risks since 1978 www.wjsutton.com WHOLESALERS THE WHOLESALE INSURANCE GROUP Canada's First Choice For Timely Wholesale Insurance Solutions www.twig.ca
Attention Producers Feel like you are being taken advantage of...or exploited, disenfranchised... Want to own your book and be given the respect you deserve... It's time...stop procrastinating and do something about it... We are a championship team...looking for championship players! Make it happen and don't be a spectator...get on the field of your life... Reply in confidence with your resume, your expectations, goals and objectives along with your value proposition statement to: Canadian Underwriter Magazine, Box # 1000, 12 Concorde Place, Suite 800, Toronto, Ontario, M3C 4J2
ADVERTISERS’ INDEX AIG .......................................................................85
Cunningham Lindsey Canada .............................11
Accident Support Services International Ltd......30
Disaster Kleenup International............................67
National Insurance Conference of Canada (NICC) ....................................................71
ACE INA Insurance.............................................83
The Economical Insurance Group.......................97
Northbridge Financial Corporation...................113
Aon Reed Stenhouse............................................21
FIX Auto...............................................................65
Paul Davis Systems (PDS) ..................................41
Applied Systems Canada Inc...............................53
FM Global ............................................................99
Peace Hills Insurance...........................................27
The ARC Group Canada Inc. ..............................22
Giffen Koerth Forensic Engineering
PPG Canada Inc. ..................................................45
Assured Automotive.............................................33
and Science...........................................................51
RIMS Canada Conference Toronto...................105
Avec Insurance Managers Inc. ............................49
Group Medical Services (GMS) .........................10
ServiceMaster of Canada Limited.......................57
Aviva Canada Inc.........................................2 (IFC)
Great American Insurance Group .......................14
AXA Canada........................................................87 The Boiler Inspection and Insurance Company of Canada ............................................89
The Guarantee Company of
Canadian Litigation Councel...............................17 Caisse Centrale De Reassurance (CCR)...........133
ING Canada........................................................103
CARSTAR Automotive Canada..........................59
IntegResource Canada Inc...................................43
CGI .......................................................................23
iter8.................................................................24, 25
Chesterfield Canada .............................................69
Kingsway Financial Services Inc......................107
Chubb Insurance ............................................15, 91
Liberty International Underwriters....................109
CIP Society.............................................................3
Markel Insurance Company of Canada ................7
The Wawanesa Mutual Insurance
CNA Canada ........................................................93
McLarens Canada ................................................29
Company........................................129, 152 (OBC)
Collision Solutions Network (CSN) ...................39
MINT Canadian Specialty...................................55
WINMAR................................................151 (IBC)
Co-operators General Insurance Company.........95
MSA Research Inc...............................................31
XL Insurance..........................................................9
Crawford Adjusters Canada.................................47
Munich Reinsurance Company of Canada.......137
Zurich Canada....................................................131
South Western Group...........................................35
North America.................................................101
The Sovereign General Insurance Company ............................................................123
Guy Carpenter...............................................4,5, 13
STEAMATIC.................................................18, 19
i-hire.ca.................................................................12
Swiss Reinsurance Company Canada...............141 TOA Re ................................................................63 Transatlantic Reinsurance Company...................37 Travelers .............................................................125 Tritech Financial Systems....................................61
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2007 PROVINCIAL GOVERNMENT INSURERS Net Premiums Written $
Class
Net Premiums Earned $
Net Claims and Adjusting Expenses $
SASKATCHEWAN AUTO FUND
Earned Loss Ratio %
Establish an Internet presence to achieve your e-commerce goals
G-C
Jon Schubert, President 2260 11th Avenue Regina SK S4P 0J9 306-751-1200 Fax 306-565-8666 www.sgi.sk.ca Auto. - Other ...................... Auto. - Total ....................... Total 2007.......................... Total 2006.......................... Total 2005.......................... Total 2004.......................... Total 2003..........................
559,246,000 559,246,000 —————559,246,000 560,432,000 519,691,000 525,146,000 491,630,000
557,087,000 557,087,000 —————557,087,000 542,204,000 519,954,000 512,369,000 483,386,000
532,217,000 532,217,000 —————532,217,000 449,072,000 460,208,000 392,689,000 451,762,000
2007 Direct Premiums Written: +$561,187,000
95.54 95.54 ———95.54 82.82 88.51 76.64 93.46
Growth: –0.16%
2007 Underwriting Performance Summary Reinsurance Assumed ...............................— Reinsurance Ceded .......................2,322,000 Net Premiums Written ................559,246,000 Net Premiums Earned................557,087,000 Net Claims & Adj Exp.................532,217,000 Commissions................................27,161,000 Taxes ...........................................27,970,000 General Expenses........................49,854,000 Undrwtg. Profit/Loss...................–80,115,000 Investment Income.......................91,349,000
Underwriting Result 2007: –$80,115,000 2004: +$40,578,000
2006: 2003:
% Growth Rate (NPW)................................— % of Market (NPW).................................— Earned Loss Ratio.............................95.54 Total Expense Ratio ..........................18.85 Combined Loss & Exp. Ratio ..........114.39 Return on Equity .....................................—
Partnership
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2005:
–$26,474,000
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canadianunderwriter.ca CANADIAN UNDERWRITER STATISTICAL ISSUE 2008
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WHEN DISASTER STRIKES
The full service restoration company with over 45 service locations and growing across Canada Commercial or residential “We always come through for you.” 24 hour assignment/emergency response TOLL FREE 1-866-4-WINMAR Proud to be Canadian owned & operated For the nearest location visit www.winmar.ca
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