How US tariffs could affect the insurance sector? J.P. Morgan forcast
J.P. Morgan recently examined how US tariffs could affect the insurance sector. The analysis shows that personal lines insurers, such as those offering auto and home insurance
🇨🇦 Canadian Insurance News
Severe weather cost Canadian insurers C$1.7 bn, total insured damage exceeded C$8.5bn
Severe weather events cost Canadian commercial carriers over C$1.7bn ($1.19bn) in 2024, according to Catastrophe Indices and Quantification
Trump`s “tariffs” could increase P&C insurance claims by $10 bn to $36 bn
Tariffs imposed by the Trump administration could increase claims costs for property and casualty insurance by $10 bn to $36 bn
Severe hailstorm in Calgary drives C$3.25 bn in insured losses – CatIQ estemates
CatIQ has disclosed its fourth industry loss estimate for the hailstorm that affected Calgary, Alberta, has risen to CAD 3.25 bn
CatIQ estimates C$2.82 bn in insured losses from Ontario and Quebec flooding
CatIQ, has released its fourth industry loss estimate for the flooding caused by Hurricane Debby’s remnants
Canadian insurers Beneva and Gore Mutual plan to merge to drive growth
Canadian mutual insurers Beneva and Gore Mutual plan to merge to drive growth, reinforcing the role of mutuals in the country’s insurance industry
CatIQ raised insurance industry loss estimate for the Jasper, Alberta, wildfire to C$1.23 bn
Catastrophe Indices and Quantification Inc. (CatIQ) has raised its industry loss estimate for the Jasper, Alberta, wildfire to C$1.23 bn
Canadian Fairfax becomes the 100% owner of Ukrainian insurers – ARX, ARX Life, UNIVERSALNA
Fairfax Financial Holdings has completed a deal with the EBRD and has become the 100% owner of Ukrainian insurance companies UNIVERSALNA, ARX, and ARX Life
Chesnara acquires £1.5 bn portfolio from Canada Life Insurance in UK
Chesnara, a European life and pensions consolidator, has acquired a closed portfolio of unit-linked bonds and legacy pensions totaling 17,000 policies
Westland Insurance acquired of MSP Insurance, expanding operations in Ontario
Westland Insurance has expanded its operations in Ontario with the acquisition of MSP Insurance Corp., also known as Mitchell Sandham Pastor Insurance Brokers
Alberta launched no-fault auto insurance system with savings for drivers
Alberta is launching a no-fault automobile insurance system designed to be privately delivered and care-focused. The province estimates the change will save the average driver C$400 annually
Canada Life Reinsurance achieved earnings of $210 mn in Q3 2024
Canada Life Reinsurance, specializing in life and health reinsurance, achieved earnings of $210 mn in earnings in Q3 2024, following 14% base earnings growth in H1 2024
Ontario considers making most auto insurance accident benefits optional
Ontario lawmakers are exploring a proposal to make most automobile insurance accident benefits optional, aiming to cut costs and improve policyholder accessibility
Canada’s economic growth, bolstered by a strong labor market & rising population
Canada’s economy continues to grow, bolstered by a strong labor market, higher asset prices, and lower inflation, reports global credit ratings agency AM Best
Natural catastrophes in Canada in H1 2024 caused losses of $5.2 bn
CatIQ estimates that recent Natural catastrophes in Canada caused losses of $5.2 bn from four major events within a few weeks. With estimated losses of C$7.12 bn ($5.24 bn)
Wildfire & flooding caused $354 mn in insured losses in Nova Scotia (Canada)
Wildfire and flooding caused more than $490 mn CAD ($354 mn) in insured losses over a two-month period last year in Nova Scotia
Global insured losses from natural disasters to rise annually by 5-7% relative to GDP
Global insured losses from natural disasters are expected to rise annually by 5-7% relative to GDP, according to Swiss Re
Climate Change Boosts Extreme Weather: Time for Insurance to Adapt
Climate change is making severe weather more common worldwide, which greatly affects the electric grid. Insurance funding is crucial for adaptation
Canada Life Re entered into a structured mortality transaction with Allianz Indonesia
Canada Life Re, a provider of reinsurance solutions for life and health, has entered into a structured mortality transaction with Allianz Indonesia, expanding its footprint in Asia
Global estimated insured losses from natural catastrophes at $35 bn
Floods and storms drive global insured catastrophe losses of USD 38 billion in first half of 2022, Swiss Re Institute estimates
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The global insurance sector outlook remains ‘neutral’ at 2026, as business conditions have been resilient across most markets to the more challenging macroeconomic environment
The US P&C insurance industry recorded a $16.3 bn net underwriting gain in the first three months of 2026, up significantly from a $1 bn loss recorded in the prior-year period
Aerospace and defense M&A reached 532 deals in 2025, as business aviation attracts private equity, family offices, and growth investors
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure