Industry
Guy Carpenter has has announced the launch of a new cyber privacy and network protection offering for small- and medium-sized companies. The offering is provided by Ridge Insurance Solutions Company, a new Lloyd’s Managing Agency led by Tom Ridge, the first United States Secretary of Homeland Security and the 43rd governor of Pennsylvania, as chairman. It is underwritten by five […]
By Canadian Underwriter | October 8, 2014
2 min read
Four years after British Columbia started allowing wood frame buildings of up to six storeys in height, the Ontario government will start doing the same thing next year. The Ontario Ministry of Municipal Affairs and Housing recently announced that, starting Jan. 1, 2015, builders will be allowed to construct wood frame buildings of up to […]
CAMBRIDGE, Ont. – Canada’s technology hub is looking to emerge as a prized fighter in the battle against corporate hackers, but one of its biggest challenges may be winning over a business community reluctant to ramp up their own protection. A group of companies in the Waterloo, Ont. region is making headway in an industry […]
5 min read
Cunningham Lindsey Canada Claims Services announced Tuesday the launch of its new global Third Party Administration (TPA) service called inTrust. Though Cunningham Lindsey has successfully delivered local TPA services, the firm’s clients are increasingly demanding global solutions, Rob Seal, the company’s president and CEO noted in the announcement. “The creation of inTrust means Cunningham Lindsey […]
By Canadian Underwriter | October 7, 2014
1 min read
Willis North America, has appointed Brian Parsons as national partner and CEO of Willis Canada, the company announced Tuesday. Parsons is joining Willis after spending 22 years with Marsh Canada, where he held a variety of leadership roles, most recently as the national practice leader for Marsh’s Mining Practice. In his new role, Parsons will […]
Organizations can improved information technology security by having staff respond to simulated attacks and by improving access control, Deloitte & Touche LLP suggested in a report on cyber risk. “Cyber war-gaming exercises reveal common issues that cause delays in responding as rapidly and effectively as a real crisis situation would warrant,” Deloitte stated in the […]
SGI Canada has received a licence allowing it to compete in British Columbia’s property and casualty insurance market, with plans to begin operation there in summer 2015, it announced Tuesday. “B.C. is a province with strong growth potential and, with SGI Canada’s experience writing insurance for the mining and oil and gas industries, moving further […]
Net income among private property and casualty insurers in the United States rose $1.6 billion in the first half of the year, compared with the first six months of 2013, ISO, a Verisk Analytics business, and the Property Casualty Insurers Association of America reported Monday. After-tax net income climbed from $24.4 billion in the first […]
By Canadian Underwriter | October 6, 2014
WINNIPEG – Manitoba Public Insurance says its former CEO has returned money she received from a “transitional contract” she signed earlier this year. The Crown agency says on its website that Marilyn McLaren has ended the contract and returned $27,300. McLaren retired last February from MPI and received a six-figure severance package. But she was […]
By The Canadian Press | October 6, 2014
Commercial insurance prices increased 3% during the second quarter of this year across all lines, according to a new survey from Towers Watson. The firm’s Commercial Lines Insurance Pricing survey is based on data from seven Canadian insurers and groups, which represent approximately 20% of the Canadian commercial insurance market. Among those participants, the largest price […]
By Canadian Underwriter | October 3, 2014
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