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Higher construction spend spurs Chubb’s move to broaden offerings to mid-sized construction firms

March 10, 2016 by Canadian Underwriter

Mid-sized construction firms in the United States and Canada now have access to certain Chubb insurance products and services that were previously only available to large national and international construction companies, notes a company statement issued Thursday. The products will be handled through

News Insurance

More political risk reductions than increases on Aon’s 2016 emerging markets map

March 9, 2016 by Canadian Underwriter

For the first time in the last three years, more countries on the Aon Political Risk Map 2016 for emerging markets show political risk reductions than increases, although continued low oil prices is exacerbating political risk in already-fragile states. “Anti-corruption

News Insurance

Departing AIG CEO commercial Doyle hired as president of Marsh

March 8, 2016 by Canadian Underwriter

John Q. Doyle will be president of Marsh Inc. effective April 15, the New York City-based commercial brokerage announced Monday. American International Group Inc. announced December 10 that Doyle – then chief executive officer for commercial insurance at AIG –

News InsuranceLegal

FSCO issues warning about mail scam conducted by Onward Assurance Financial Services

March 7, 2016 by Canadian Underwriter

The Financial Services Commission of Ontario (FSCO) is warning consumers about a mail scam conducted by an unlicensed company, Onward Assurance Financial Services. This company has issued notices advising recipients that they are among the winners of a U.S. Telecommunication

News InsurancePersonal Lines

Insly Ltd. obtains CSIO certification for personal lines eDocs

March 4, 2016 by Canadian Underwriter

The Centre for Study of Insurance Operations (CSIO) announced on Friday that United Kingdom-based insurance software provider Insly Ltd. has achieved CSIO certification for its personal lines eDocs solution. Insly was introduced to the Canadian P&C insurance market through the

News Insurance

Gore Mutual makes capital investment in tech start-up BrokerLift

March 2, 2016 by Canadian Underwriter

Gore Mutual Insurance Company announced on Wednesday that it has made a capital investment in Toronto-based technology start-up Brokerlift Inc., an eCommerce platform designed specifically to enable brokers to compete effectively with other online distribution channels. As part of their

News InsuranceLegal

Effective software vendor selection key to eSignatures benefits, broker forum hears

March 2, 2016 Jason Contant, Online Editor

Careful selection of an eSignatures software vendor can help improve adoption rates and provide immediately noticeable benefits, a speaker suggested on Tuesday during a presentation at the Insurance Canada Broker Forum. Amanda Ketelaars, operations manager at Mitchell & Whale Insurance

News Insurance

Data space can empower brokers, broker forum hears

March 1, 2016 Jason Contant, Online Editor

Brokers need to get more into the data space, understanding that data actually belongs to the customer, suggested Hugh McTavish, president of InsureMy and Godfrey-Morrow Insurance and Financial Services Ltd., at the Insurance Canada Broker Forum on Tuesday. Speaking during

News Insurance

Vertafore acquires Keal Technology, a provider of broker and commercial management systems in Canada

February 29, 2016 by Canadian Underwriter

Insurance software provider Vertafore, Inc. announced on Monday the acquisition of Keal Technology, a Concord, Ont.-based provider of broker and commercial management systems in Canada. The move extends Vertafore’s customer base into Canada, further creating an “international footprint for the

News CatastrophesInsurance

Companies must adopt fuller view of risk, understand the expected can combine to produce surprises: Marsh

February 29, 2016 by Canadian Underwriter

Boards and executive teams must develop a much stronger context for risks that may seem to be safely over the horizon if they are to avoid being blindsided by unwelcome surprises, notes a new paper from Marsh & McLennan Companies’

News InsurancePersonal Lines

Ontario Retirement Pension Plan deductions start for large employers in 2018

February 26, 2016 Greg Meckbach, Associate Editor

The organization administering a new mandatory pension plan for Ontario employees will start collecting contributions in 2018, the ruling Liberals confirmed Thursday in their 2016-17 budget document. Finance Minister Charles Sousa first announced the Ontario Retirement Pension Plan (ORPP) two

News Insurance

XL Catlin doubles standalone terrorism limits in U.S.

February 26, 2016 by Canadian Underwriter

XL Catlin’s crisis management business has doubled available liability limits in the United States for standalone terrorism insurance coverage to US$200 million and unveiled specialized active assailant coverage as an answer to increased terrorism and active assailant threats. The options