Canadian Underwriter

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Professional Development

News AssociationsInsuranceProfessional Development

IBAC accepting nominations for 2017 Dale Rempel Award of Excellence

May 18, 2017 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) is now accepting nominations for the 2017 Dale Rempel Award of Excellence. The award, named after the IBAC governor, recognizes and celebrates those who are actively involved in the professional development of property

News Commercial LinesInsuranceMarkets / CoveragesProductsProfessional DevelopmentTechnology

About half of Canadian small business owners and C-suite execs not confident in secure destruction systems for paper or electronic media: survey

May 17, 2017 by Canadian Underwriter

Just over half (53%) of Canadian small business owners (SBOs) and just under half (48%) of C-suite executives don’t feel confident about their current secure destruction systems for paper or electronic media, according to the seventh annual Shred-it Information Security

News Commercial LinesInsuranceMarkets / CoveragesMergers and AcquisitionsProfessional Development

Global uptick in CEOs forced out of office for ethical lapses, Canada among lowest incidence of dismissals: Strategy&

May 17, 2017 by Canadian Underwriter

An analysis of CEO successions at the world’s largest 2,500 public companies over the past 10 years shows a marked increase in forced turnovers for ethical lapses, although Canada is among the countries with the lowest incidence of such dismissals.

News Commercial LinesInsuranceMarkets / CoveragesMergers and AcquisitionsPersonal LinesProfessional Development

Rogers Insurance Ltd. obtains minority shares purchase of Megson FitzPatrick Inc.

May 16, 2017 by Canadian Underwriter

Rogers Insurance Ltd. announced on Tuesday that it will obtain a minority shares purchase of Megson FitzPatrick Inc. The partnership between Calgary-based Rogers Insurance and Victoria, B.C.-based Megson FitzPatrick became effective May 5, Rogers Insurance said in a press release

News AppointmentsInsuranceProfessional DevelopmentReinsurance

Former Marsh & McLennan CEO Duperreault replaces Hancock as CEO of AIG

May 15, 2017 by Canadian Underwriter

American International Group Inc. has a new chief executive officer, Brian Duperreault, as of Sunday, the New York City-based insurer announced. Duperreault (pictured right), a former CEO of Marsh & McLennan Companies Inc., is now also president and director of

News InsuranceProfessional Development

Toronto Insurance Conference scholarship applications due Sept. 8

May 11, 2017 by Canadian Underwriter

The Toronto Insurance Conference announced Thursday that applications for its scholarship program are due Sept. 8. TIC, an association of Ontario commercial brokerages, started offering three scholarships per year in 2013 in order to encourage young people to consider a

News Commercial LinesInsuranceMergers and AcquisitionsPersonal LinesProfessional Development

McFarlan Rowlands Insurance Brokers announces acquisition of Callister Musico Insurance Group

May 10, 2017 by Canadian Underwriter

London, Ont.-based McFarlan Rowlands Insurance Brokers announced on Wednesday that it will acquire Callister Musico Insurance Group of Sarnia, Ont. Located at 1315 Michigan Ave. in Sarnia, the Callister Musico office will become McFarlan Rowlands’ 15th branch in Ontario, allowing

News InsuranceLegislation / RegulationProfessional DevelopmentTechnology

Fintech sector in Canada not reaching full potential: Competition Bureau of Canada

May 1, 2017 by Canadian Underwriter

The fintech sector in Canada is not reaching its full potential, in part because of consumer complacency and a lack of trust in new alternatives to the big banks, according to a new summary from the Competition Bureau of Canada.

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Federal government invests $2.5 million to examine Canadian start-ups

April 28, 2017 by Canadian Underwriter

The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has announced a “non-repayable contribution” of up to $2.5 million to Wilfrid Laurier University in Waterloo, Ont. to support a national “scale-up data platform.” The platform will “capture and track

News AppointmentsCommercial LinesInsuranceProfessional DevelopmentReinsurance

Former RSA Canada exec appointed CEO Canada, Swiss Re Corporate Solutions

April 27, 2017 by Canadian Underwriter

Adrian Hall, former chief customer officer for RSA Insurance in Canada, takes the helm of Swiss Re Corporate Solutions in Canada May 1. He will be “responsible for managing the company’s strategy, development and performance,” Swiss Re Corporate Solutions said

News Commercial LinesInsuranceMarkets / CoveragesProfessional Development

Confusion, frustration common to BI claims can be lessened: RIMS survey

April 26, 2017 Angela Stelmakowich

PHILADELPHIA – Quantifying business interruption losses continues to be a big challenge, reported by almost six in 10 RIMS members taking part in a recent survey, but a well-conceived approach by risk managers can help to clear any hurdles. “By

News InsuranceMarkets / CoveragesProfessional Development

Workplaces should consider the value of staff reporting, observation in combating potential terrorism, violence

April 25, 2017 Angela Stelmakowich

PHILADELPHIA – The value of staff monitoring and reporting to identify behaviours that may seem linked to the risk of terrorism and workplace violence should not be underestimated, Harry Rhulen, chief executive officer of Firestorm, suggested Tuesday during an educational