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Mutual insurers seeing revival in recent years: Swiss Re sigma report

August 2, 2016 by Canadian Underwriter

Mutual insurers’ share of the overall insurance market increased from 24% of direct premiums written in 2007 to just over 26% in 2014, reversing some of the declines of previous decades, according to Swiss Re’s latest sigma report. Released on

Julie Pemberton, President, RIMS; and director of enterprise risk and insurance management, Outerwall Inc.
Feature AssociationsCommercial LinesProfessional Development

Strategic Thinking

August 1, 2016 Greg Meckbach, Associate Editor

Risk management is becoming more about strategy and less about buying insurance and managing hazard risk, Julie Pemberton, RIMS president for 2016, says.

Jessica Wasserman2 -
Feature AssociationsCommercial Lines

The Art of Taking Risk

August 1, 2016 Jessica Wasserman, Office of Compliance and Risk Management, New York University

Risk professionals would do well to consider “taking risk” as part of the risk management role. The art of taking that risk, however, demands risk professionals of all types have an understanding of conditions, influences and a clear plan on how best to go about meeting that objective.

CEO office entrance sign
News AssociationsInsuranceProfessional Development

Insurance Brokers Association of Ontario announces Colin Simpson as new CEO

July 28, 2016 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) has announced the appointment of Colin Simpson as CEO, effective Wednesday. IBAO president Doug Heaman made the announcement on behalf of the association’s executive committee and recruitment committee. Simpson brings more than 15

Business People New York Outdoor Meeting Silhouette Concept
News AssociationsCommercial LinesInsuranceLegislation / Regulation

Global commercial insurers operating in Canada join forces to form new association

July 18, 2016 by Canadian Underwriter

A number of foreign-owned commercial insurers operating in Canada have come together to form the Global Commercial Insurers Association (GCIA). The Toronto-based association will provide a platform through which foreign-owned commercial insurance carriers can become informed of current regulatory developments

News AssociationsCatastrophesCommercial LinesConstructionInsurancePersonal Lines

‘Prudent’ municipal development needed to reduce catastrophe losses: IBC

July 14, 2016 by Canadian Underwriter

With the recent wildfire in Fort McMurray, Alta. being the most expensive natural disaster in Canadian history and in the same province as Canada’s second most expensive catastrophe, officials from Insurance Bureau of Canada recently suggested that building codes and

Brian Purcell, first vice president, Insurance Brokers Association of Ontario; broker/owner at James Purcell Insurance Broker Ltd.
News AssociationsInsurance

Cornerstone’s DaSilva resigns from IBAO board, Brian Purcell scheduled to be 2018 president

July 7, 2016 by Canadian Underwriter

Brian Purcell, broker/owner at James Purcell Insurance Broker Ltd., will “assume the position” of president of the Insurance Brokers Association of Ontario in 2018, IBAO announced Thursday. Wendy DaSilva, chief executive officer of Cornerstone Insurance Brokers Ltd., had been scheduled

A globe showing the North American continent floats half sunk in the blue ocean in front of a setting sun.
News AssociationsCatastrophesClimate ChangeCommercial LinesInsurancePersonal Lines

XL Catlin sponsors deep ocean survey to better understand climate change impacts

July 6, 2016 by Canadian Underwriter

XL Catlin will sponsor a new scientific survey to research the deep ocean, information from which will hopefully shed light on the potential impact of climate change and the risks that businesses, society and ecosystems will face in future. The

Heather Matthews, president, Canadian Independent Adjusters' Association
Feature AssociationsInsurance

At the Crossroads

July 4, 2016 by Canadian Underwriter

Heather Matthews, incoming president of the Canadian Independent Adjusters’ Association, believes the claims industry is at a crossroads, but that adjusters are up to the challenge.

Modern dark blue semi truck reefer trailer profile on road
News AssociationsCommercial LinesInsuranceLegislation / RegulationProfessional Development

Road safety at heart of Ontario move to introduce mandatory, entry-level Training for Class A Truck Drivers

June 29, 2016 by Canadian Underwriter

The Ontario Trucking Association (OTA) has welcomed the announcement by transportation minister Steven Del Duca that mandatory, entry-level training will be adopted for new tractor-trailer drivers. Del Duca said Wednesday all new commercial Class A truck drivers will need to

bright modern panoramic meeting room
News AssociationsInsuranceProfessional Development

Insurance Brokers Association of Canada announces departure of CEO Dan Danyluk

June 22, 2016 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) has announced in a press release dated Monday that its CEO, Dan Danyluk, has left the organization, effective immediately. “The board of directors wishes to thank Dan for his dedicated work both for

Photos AssociationsInsurance

WICC Relay For Life, Downsview Park, Toronto, June 21, 2016

June 21, 2016 by Canadian Underwriter

WICC Relay for Life event raises more than $350,000 for lifesaving cancer research Insurance industry professionals with the Women In Cancer Crusade (WICC) came together on June 21st, at Downsview Park in Toronto to raise more than $350,000 in support