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Co-operators General Insurance Company announced on Monday that its wholly-owned subsidiary has purchased personal and commercial lines brokerage Denny’s Insurance. Current clients of Denny’s Insurance, located in Acton, Ont., will be notified of the change in ownership and their existing insurance coverage will remain in effect with no changes to their premiums or coverage for […]
By Canadian Underwriter | January 16, 2017
2 min read
The professional liability sector of the United States property and casualty insurance market will continue to be robust in 2017, with the competitive level for directors and officers (D&O) and errors and omissions (E&O) businesses specifically remaining heightened, A.M. Best Company said in a new report. The Oldwick, N.J.-based ratings firm released their A.M. Best […]
By Canadian Underwriter | January 13, 2017
3 min read
Worldwide spending on information technology is projected to total US$3.5 trillion in 2017, a 2.7% increase from 2016, according to Gartner, Inc. Gartner, a Stamford, Conn.-based IT research and advisory company, noted in a statement on Thursday that the growth rate is down from earlier projections of 3%. “2017 was poised to be a rebound […]
Canadian Underwriter magazine and DMTI Spatial are offering a webinar Feb. 15th on advanced analytics and location intelligence. The webinar, scheduled at 10:00 a.m. Eastern time, is titled Adapting to Digital Disruptions: How Advanced Analytics and Location Intelligence Helps the Insurance Industry Embrace Trends. Scheduled to speak at the webinar are: Mukul Ahuja, senior manager […]
By Canadian Underwriter | January 12, 2017
1 min read
Berkshire Hathaway Specialty Insurance (BHSI) announced on Tuesday that it is introducing inland and ocean marine insurance in Canada. John Evans, vice president of marine with BHSI, said in a press release that with Gord Rider, who was named senior marine underwriter, at the helm, “BHSI in Canada has launched ocean marine products – including […]
By Canadian Underwriter | January 10, 2017
Worldwide spending on the Internet of Things (IoT) was forecast to reach US$737 billion in 2016 and grow at a compound annual growth rate (CAGR) of 15.6% from 2015-2020 to US$1.29 trillion, according to the International Data Corporation (IDC). The Framingham, Mass.-based IDC, a global provider of market intelligence, advisory services and events for the […]
By Canadian Underwriter | January 5, 2017
4 min read
Crawford & Company announced on Thursday that it has finalized its majority acquisition of WeGoLook LLC, an online and mobile collaborative economy platform headquartered in Oklahoma City. Crawford & Company, an independent provider of claims management solutions to insurance companies and self-insured entities, said in a press release that the strategic investment will “empower Crawford […]
Global insurance brokerage Hub International announced on Wednesday that it has acquired Canadian-based Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance Services (1995) Ltd. (together as Mainline). Terms of the acquisition were not disclosed. Based in southeastern Saskatchewan, Mainline has 16 offices throughout the province and is […]
Brokerage adoption of nine key technologies has risen by 12% across Canada to a new high of 69%, according to the Centre for Study of Insurance Operations (CSIO). The announcement on Wednesday kicks off the second year of CSIO’s Technology Scorecard, which compares brokerage adoption against the provincial average for the following technologies: eDocs, CSIOnet, […]
By Canadian Underwriter | January 4, 2017
RIMS, the risk management society, announced on Tuesday that Nowell R. Seaman will lead the society as its 63rd president for the 2017 term, which became effective Jan. 1. Seaman, RIMS-CRMP, FCIP, CRM, has been a member of RIMS for 21 years and on its board of directors for nine years, the society said in […]
By Canadian Underwriter | January 3, 2017
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