Canadian Underwriter

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Professional Development


Mergers and acquisitions
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Hub International acquires Saskatchewan brokerage “association” Mainline Insurance Brokers Inc.

January 4, 2017 by Canadian Underwriter

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

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News InsuranceProfessional DevelopmentTechnology

Brokerage tech adoption increases by 12% across Canada: CSIO

January 4, 2017 by Canadian Underwriter

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

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News CatastrophesInsuranceMarkets / CoveragesProfessional DevelopmentTechnology

University of Toronto to offer “first in Canada” certificate in forensic engineering

January 4, 2017 by Canadian Underwriter

The University of Toronto (U of T) has announced that it will be offering a new certificate in forensic engineering, something the university calls a “first in Canada.” The U of T course is core to a new certificate in

News InsuranceProfessional Development

RIMS names Canadian risk manager Nowell R. Seaman as 2017 president

January 3, 2017 by Canadian Underwriter

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

News Commercial LinesInsuranceLegalMarkets / CoveragesProfessional DevelopmentTechnology

Chubb expands suite of cyber loss mitigation services for Canadian and U.S. policyholders

December 22, 2016 by Canadian Underwriter

Chubb announced on Thursday an expanded suite of cyber loss mitigation services is now available to help the company’s policyholders in Canada and the United States reduce the impact and likelihood of a cyber incident. According to a press release

News Commercial LinesInsuranceProfessional DevelopmentTechnology

BlackBerry creates autonomous vehicle innovation centre in Ottawa

December 20, 2016 by Canadian Underwriter

BlackBerry has announced the creation of the BlackBerry QNX Autonomous Vehicle Innovation Centre (AVIC). John Chen, executive chairman and CEO of BlackBerry Limited and Canadian Prime Minister Justin Trudeau unveiled AVIC on Monday. Housed within the BlackBerry QNX facility in

Four successful business men joining two puzzle pieces each bein
News Commercial LinesInsuranceProfessional DevelopmentReinsurance

Benefits of merging Fairfax and Allied World ‘far outweigh’ overlap in reinsurance: Fairfax Insurance COO

December 19, 2016 by Canadian Underwriter

The merger agreement announced Sunday by Toronto-based Fairfax Financial Holdings Ltd. and Allied World Assurance Company Holdings AG will give Fairfax a “rather different profile” of insurance business than it currently owns, but it is not clear what percentage of

Blue ballpoint pen on a quarterly corporate financial report.
News Climate ChangeEarnings / RatingsInsuranceLegislation / RegulationMarkets / CoveragesProfessional DevelopmentReinsurance

Swiss Re adopts climate-related financial disclosure recommendations

December 14, 2016 by Canadian Underwriter

Swiss Re announced on Wednesday that it will adopt the climate-related financial disclosure recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). Swiss Re helped develop the voluntary guidelines on climate risk reporting and is a member of the

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News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Insurtech platform revenues to approach US$235 billion by 2021, driven by machine learning and blockchain adoption: report

December 13, 2016 by Canadian Underwriter

Fintech platform revenues derived from supporting the insurance industry will reach almost US$235 billion globally by 2021, up 34% year-over-year from an estimated US$175 billion this year, according to new findings from Basingstoke, England-based Juniper Research. The research company said

M&A
News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesProfessional DevelopmentTechnology

Continued consolidation in Canadian broker and carrier spaces could create absence of mid-sized players: KPMG conference speaker

December 7, 2016 Jason Contant, Online Editor

The continued consolidation in both the insurance broker and carrier spaces in Canada could create an absence of mid-sized players, a speaker suggested on Wednesday at KPMG’s 25th Annual Insurance Conference in Toronto. “You could see a creation of an

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News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Biggest changes for insurers in 2017 could come from product innovation, predictive analytics, cybersecurity and digital distribution: Novarica

December 6, 2016 by Canadian Underwriter

The biggest changes for insurers in 2017 could come from product innovation, predictive analytics, cybersecurity and digital distribution, according to a new executive brief from Boston-based research and advisory firm Novarica. Released on Tuesday, the report, titled Five Potential Changes

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News InsuranceProfessional Development

Aviva Community Fund grand prize winners announced

December 6, 2016 by Canadian Underwriter

Aviva Canada has announced the 13 grand prize winners of the Aviva Community Fund (ACF) competition. The 13 grand prize winners will share $1 million in funding from ACF and will also have access to a number of free services