Industry
Small and medium-sized businesses in the United Kingdom may be leaving themselves vulnerable to business interruption losses, based on a survey commissioned by insurer Aviva. Based on the poll of 1,500 small and medium business owners and decision makers in Great Britain in June, 62% of businesses do not have business interruption coverage or aren’t […]
By Canadian Underwriter | October 22, 2014
2 min read
FREDERICTON – New Brunswick’s interim leader of the Progressive Conservatives says Premier Brian Gallant is missing an opportunity during his trip to Alberta to learn more about shale gas exploration. Bruce Fitch says if the intention of the Liberal plan for a moratorium on shale gas fracking is to gather information, then this trip was […]
By The Canadian Press | October 21, 2014
1 min read
LONDON – A new study underscores the potential danger of airplane passengers infected with Ebola leaving West Africa: If there were no exit screening in place, researchers estimate that three people with the disease might fly out of the region each month. The hardest-hit West African nations have been checking passengers since summer, but the […]
By Canadian Underwriter | October 21, 2014
3 min read
Aviva Canada has committed to using the telematics solution from Quindell and Independent Broker Resources Inc. (IBRI), the for-profit arm of the Insurance Brokers Association of Ontario (IBAO), to execute its telematics offerings, IBAO notes in a statement Tuesday. Welcoming the move, IBAO suggests the decision will go a long way toward supporting Ontario’s independent […]
The Centre for Study of Insurance Operations (CSIO) has launched CSIO eXchange, an open forum for its broker, insurer and vendor members. CSIO says its eXchange platform provides members with an opportunity to: “With CSIO eXchange, CSIO can build awareness and engagement by providing its members with online forums and discussion groups that promote open […]
By Canadian Underwriter | October 20, 2014
Aon plc and Marsh Inc. held a combined total of 23% of the world’s commercial non-life insurance broking market in 2013 and the top 150 brokers worldwide accounted for nearly 60% of total commercial property & casualty brokerage revenue, Finaccord Ltd. announced in a recent report. Finaccord, a London-based market research and consulting firm, released […]
Hub International Limited announced Monday that Hub International Atlantic Ltd., based in New Brunswick, has acquired a book of auto dealer business from independent broker Alliance Assurance Inc. Terms of the acquisition were not disclosed. Rolf Spangenberg, a producer from Grand Falls, N.B.-based Alliance, with experience in the region’s commercial insurance market, will help expand Hub […]
Surveyed risk managers in Europe report low satisfaction with the level of mitigation for six of the Top 10 risks “that keep their CEO awake at night,” note findings from a new survey released Monday by the Federation of European Risk Management Associations (FERMA). These risks are political – government intervention, legal and regulatory changes; compliance with […]
LONDON – In a draft document, the World Health Organization has acknowledged that it botched attempts to stop the now-spiraling Ebola outbreak in West Africa, blaming factors including incompetent staff and a lack of information. In the document obtained by The Associated Press, the agency wrote that experts should have realized that traditional infectious disease […]
By Canadian Underwriter | October 17, 2014
4 min read
Hamilton, Bermuda-based Till Capital Ltd. recently announced it has signed agreements to acquire Toronto-based Omega Insurance Holdings Inc. Till originally announced in late July that it had entered into a letter of intent with Omega and its shareholders. Then on Oct. 14 Till said it “will pay an aggregate purchase price of 1.2 times book value,” […]
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