Industry
Insurers CNA announced Monday that it has begun offering specialty products in Canada effective Jan. 1 through its Specialty Lines business. The $2.9 billion division offers professional and management liability, financial and other specialized property and casualty products. “This announcement represents our overall strategy to serve the unique and expanding needs of multinational customers. By […]
By Canadian Underwriter | January 5, 2015
1 min read
RIMS, the risk management society, announced Monday that Rick Roberts will be president of the organization for the 2015 term, effective Jan. 1. Roberts is the director of risk management and employee benefits for Ensign-Bickford Industries, Inc. He has been a member of RIMS for 25 years and on its board of directors for seven. […]
2 min read
Insurance and reinsurance broker Willis Group Holdings plc reports that reshaping of the global reinsurance market is now reality, citing relentless rate reductions, low investment returns and the continued influx of alternative capital. Long-rumoured mergers and acquisitions (M&A) activity “is now reality, with some companies recognizing that any further delay is only likely to see […]
4 min read
Alf Strudwick, now president of the Ontario Insurance Adjusters Association, believed in the organization's value when his insurance career began 49 years ago and still does.
By Greg Meckbach, Associate Editor|Greg Meckbach, Associate Editor | December 31, 2014
5 min read
Computer-based exams offer a level of flexibility that is not only welcomed in today's learning environment, but perhaps even expected. Those in the insurance industry looking to advance their education and contribute to their companies are no different.
By Peter Hohman, President & Chief Executive Officer, Insurance Institute of Canada|Peter Hohman, President & Chief Executive Officer, Insurance Institute of Canada | December 31, 2014
Aviva Canada said this week it’s pleased that Hamilton, Ont. police have laid charges against a woman for fraud, after following up on a tip the insurer received at the beginning of the year. In February, Aviva’s Fraud Information Centre received an anonymous tip that its policyholder was not driving a vehicle involved in a […]
By Canadian Underwriter | December 23, 2014
Catlin Insurance Company has entered into an agreement to sell its investment in Box Innovation Group, which includes telematics offerings from Insure the Box, to Aioi Nissay Dowa Insurance Company of Europe. Aioi, a subsidiary of major Asian insurer MS&AD Insurance Group, will acquire shares from Catlin and other shareholders to will own 75.01% of […]
By Canadian Underwriter | December 22, 2014
Six months after it launched its new cyber and technology risk unit in North America, commercial insurance carrier XL Group plc announced Monday it has a ‘network of prequalified breach response specialists’ to help its clients respond to computer security breaches. Dublin, Ireland-based XL Group said its New York City-based North America cyber and technology […]
Only a tenth of Canadian businesses are truly risk averse, with the majority’s risk appetite for innovation matching their ability to withstand potential financial losses, according to a new survey report form the Conference Board of Canada. Based on a telephone survey, the organization says that more than 70% of Canadian businesses have a risk […]
By Canadian Underwriter | December 19, 2014
FREDERICTON – The New Brunswick government is introducing a moratorium on hydraulic fracturing that the premier says won’t be lifted until five conditions are met. Those conditions include a process to consult with First Nations, a plan for waste water disposal and credible information about the impacts fracking has on health, water and the environment, […]
By Canadian Underwriter | December 18, 2014
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