View the video here on your mobile device. Based on preliminary analysis, Fitch Rating believes that the Chilean property/casualty insurance industry will likely be able to absorb losses from the earthquake and Tsunami that hit the central-south part of Chile on February 27. However, industry profitability ratios will be negatively impacted, and the 2010 fiscal [...]
View the video here on your mobile device. EGI Financial Holdings has released its fourth quarter and 2009 year-end results. The company reported revenue of $167.1 million, compared to $167.3 million in 2008. EGI’s net income after taxes in 2009 was $4.5 million, compared to $6.0 million in 2008. Net income per fully diluted [...]
View the video here on your mobile device. In July 2009, the Property and Casualty Minimum Capital Test Advisory Committee developed and proposed a set of high level key principles to guide the development of a new capital framework for Canadian property and casualty insurers. The Key Principles for the Future Direction of the Canadian [...]
View the video here on your mobile device. According to reports from the Globe and Mail, top-ranked insurance analyst Tom MacKinnon is leaving Scotia Capital and will join BMO Nesbitt Burns. The move will likely see Mr. MacKinnon, an actuary by training, cover both the life insurers and property and casualty companies for the investment [...]
