Industry
A California information technology vendor is offering auto insurance based on the distance driven, along with hardware and software that accesses and analyzes driving data. On Dec. 5, MetroMile launched the company itself plus its Metronome hardware, which users plug into their cars. The service is available now in Oregon. “The Metronome extracts valuable driving data and […]
By Canadian Underwriter | December 7, 2012
1 min read
Many “clean tech” companies may not be paying enough attention to managing the risks of sourcing components and sending goods and employees across borders, suggests a new study from the Chubb Group of Insurance Companies. More than a third (36%) of clean tech companies have not created a supply chain disruption plan, according to the […]
2 min read
XL Group plc’s reinsurance operations announced Thursday it had appointed Craig Wenzel senior vice president of capital markets. In this newly-created role, Wenzel will be responsible for managing and developing relationships with third party capital providers in support of XL’s global underwriting activities. XL was the sponsor for Cyrus Re, one of the first post-Hurricane […]
By Canadian Underwriter | December 6, 2012
Growing political instability in the world, combined with civil unrest and the expansion of new technologies has led to a major shift in the nature of terrorism risk and how it needs to be addressed in the property and casualty market, a new report suggests. In its recently released report, Tensions Building: the Changing Nature […]
By Canadian Underwriter | December 5, 2012
3 min read
Indpendent adjusting company ClaimsPro has announced its acquisition of Westman Claims Adjusters, effective Dec. 4. Based out of Brandon, Man., Westman has been serving the property and casualty market since 2008 and has strong relationships with its local brokerages. Related story: ClaimsPro completes acquisition of Brouwer Claims Canada Westman’s team of senior adjusters, including its three […]
Canadian Broker Network and Intact Financial Corp. announced Wednesday that they have reached an agreement whereby CBN will acquire Intact affiliate South Western Insurance Group Ltd., a wholesale insurance intermediary that provides brokerages with specialty and niche insurance markets. Terms of the transaction, which is expected to close by the end of the year, were […]
Investment in technologies that would enable companies to act on data in real time is out of step with the view expressed by the lion’s share of surveyed Canadian executives who say having that capability is important. This is putting Canadian businesses at risk of falling behind international competitors in the era of big data, […]
The attitude among insurance companies toward implementing the Solvency II directive has become more negative over the past few years, suggests a recent survey from advisory firm Grant Thornton UK. Only 24% of participants said they believe Solvency II is the most appropriate way to run their business, suggests the survey, which was completed in […]
By Canadian Underwriter | December 4, 2012
Registration is now open for RIMS 2013 Annual Conference & Exhibition, which will include an improved agenda, RIMS announced Tuesday. RIMS ’13 is scheduled for April 21 to 24 in Los Angeles at the Los Angeles Convention Center. Risk management practitioners, insurance professionals and other industry service providers can now view details about this year’s conference […]
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