Industry
There is pressure to innovate in today’s fast-paced and changing insurance environment and insurers are responding by focusing their investments in technology on modernizing core systems, notes a research report released Wednesday by Strategy Meets Action (SMA). The report, Innovation in Insurance: Expanding Focus and Growing Momentum, highlights the continued progress in and around innovation […]
By Canadian Underwriter | November 13, 2014
3 min read
Global insurance brokerage Hub International Ltd. announced Wednesday the launch of its Hub Entertainment Industry Solutions practice, which will provide risk management and insurance services for the entertainment industry including film, television, music, theatre, video gaming, business management, venues and high-risk live events. The practice will provide specialized industry coverage solutions for performances, professionals, events and […]
By Canadian Underwriter | November 12, 2014
1 min read
WASHINGTON – More than a million small drone aircraft have been sold in the past few years, and a growing number of them are turning up in the skies near airports and airliners, posing a risk of collision. Reports of drone sightings near other planes, helicopters and airfields are reaching the government almost daily, say […]
4 min read
Kiln and Tokio Marine Europe have formally rebranded as Tokio Marine Kiln, an international specialist and corporate insurance provider. The newly-combined business, formed in January this year, is now headquartered in London. Tokio Millennium Re (UK) Ltd, a Tokio Marine Group subsidiary company which has an operation in London, is not affected by this change and […]
2 min read
Financial institutions and people using wireless devices running Google Inc.’s Android operating system will continue to be attractive targets for cybercriminals, computer security vendor Trend Micro Inc. suggested in a recent report. In the report, The Invisible Becomes Visible: Trend Micro Security Predictions for 2015 and Beyond, Tokyo-based Trend Micro referred to several recent privacy […]
The Insurance Institute of Canada has elected T. Neil Morrison of Hub International Ltd. as the new chair of its board of governors. Morrison, executive vice president of operations at Hub, was elected at the Institute’s annual general meeting last month in Winnipeg. Morrison is based in Toronto. For six years prior to his current […]
ARLINGTON, Va. – Ground zero in the nation’s fight against cybercrime hides in plain sight, in a nondescript suburban office building with no government seals or signs. Only after passing a low-key receptionist stationed on the seventh floor does one see the metal detectors, personal cellphone lockers and a series of heavy doors marked “classified” […]
By Canadian Underwriter | November 11, 2014
Firstbrook Cassie & Anderson Limited (FCA Insurance Brokers) is among the Canadian members of the newly-launched Global Broker Network (GBN Worldwide), a worldwide insurance network with headquarters in Chicago and London. The new “insurance ecosystem” currently has representation in more than 85 countries and is preparing for more growth over the next year, FCA noted […]
By Canadian Underwriter | November 10, 2014
ACE Group has announced a new option for its ACE Privacy Protection policyholders in Canada, the Data Breach Fund Sidecar Endorsement. The new option provides a single data breach fund limit, one that falls outside the policy’s liability limits for all data breach expenses, ACE said Monday. The ACE Data Breach Team includes a panel of […]
Berkshire Hathaway Inc. witnessed a big increase in operating earning for insurance underwriting in the third quarter of 2014 compared to the same period last year, contributing to the company seeing operating earnings increase to US$4.724 billion. The operating earnings for Q3 were US$4.724 million compared to US$3.662 billion in Q3 last year (after-tax results). […]
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