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AIG Canada to stop underwriting new individual personal policies

March 28, 2019 by Jason Contant

AIG Canada is pulling out of writing personal lines business in Canada. AIG communications director Lynn Woodburn confirmed to Canadian Underwriter Wednesday evening that it would no longer underwrite new policies in personal lines. This confirmed speculation among brokers that

News InsuranceTechnology

How to give your client a ‘wake-up call’ on cyber risk

April 14, 2018 by Greg Meckbach

Cyber insurance application forms can give companies a “good understanding” of how well prepared they are to deal with an information security-related loss, speakers said Thursday at the International Cyber Risk Management Conference in Toronto. “We have seen clients stop

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

2018 Outlook: Lynn Oldfield, President, CEO, AIG Canada

January 2, 2018 Lynn Oldfield

As chair of the board of the Insurance Institute of Canada (IIC), I see graduating insurance professionals who are educated, committed, and inspiring. Their sacrifice and determination in completing their Chartered Insurance Professional (CIP) and Fellow Chartered Insurance Professional (FCIP)

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Small firms wanting cyber coverage should “hold an inventory” of personally identifiable information: Chubb

March 3, 2017 Greg Meckbach, Associate Editor

Bodily injury and property damage exclusions in cyber insurance policies means the Internet of Things has “big implications” for organizations, while malware that existed unbeknownst to a user before binding a policy can mean a cyber incident is not covered,

News InsuranceMarkets / CoveragesProfessional Development

Looking at the big picture crucial for claims industry: speaker at CICMA/CIAA conference

January 31, 2017 Jason Contant, Online Editor

Although the claims world can be “very insular,” there are efforts underway to understand how the industry fits into the “greater whole,” Joe Fidilio, vice president of financial lines claims with AIG Canada, said during a recent industry event. Speaking

News InsuranceMarkets / CoveragesProfessional Development

Claims industry improving on creation of succession plans, but planning should be for all industry positions: Cook

January 30, 2017 Jason Contant, Online Editor

The claims industry is doing a much better job of developing leaders and creating succession plans than it has in the past, Phil Cook, CEO of Omega Insurance Holdings Inc., said during the CICMA/CIAA Ontario Chapters’ 50th Annual Joint Conference

News AssociationsInsuranceProfessional Development

Staying the same not a sustainable approach to attracting young professionals to insurance

November 23, 2016 by Angela Stelmakowich

The traditional insurance world must change with the times – reflecting shifting demographics and fostering diversity – if it is to build on the progress made with regard to attracting more young professionals to the field. “The traditional (insurance) world

News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

AIG Innovation Challenge for Canadian-based startups in Toronto on Dec. 9

September 13, 2016 by Canadian Underwriter

AIG Canada, in partnership with the Consulate General of Canada in San Francisco and Silicon Valley, will be hosting the AIG Innovation Challenge on Dec. 9 in Toronto. AIG Canada will select 10 Canadian-based startups to pitch their products, services

News ConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

AIG Canada launches risk management and mitigation service for residential construction projects with budgets of $5 million or more

August 10, 2016 by Canadian Underwriter

AIG Insurance Company of Canada (AIG Canada) has announced the launch of Smart Build, a risk management and mitigation service for residential construction projects with budgets of $5 million or more. Calling it the first-of-its-kind program in Canada, the Canadian-based