Canadian Underwriter

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directors and officers liability

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Trisura licensed to sell insurance in the U.S.

July 14, 2017 by Canadian Underwriter

Trisura Group Ltd., a surety and commercial specialty insurer that was spun off this year from Toronto-based Brookfield Asset Management Inc., plans to begin writing insurance in the United States. In a July 12 press release, Trisura said it “has

News Commercial LinesInsuranceMergers and AcquisitionsReinsurance

Fairfax completes acquisition of Allied World

July 6, 2017 by Canadian Underwriter

Toronto-based Fairfax Financial Holdings Ltd. has completed its acquisition of Allied World Assurance Company Holdings AG, the firms announced Thursday. The deal was valued at nearly $5 billion when it was announced Dec. 18, 2016. All figures are in U.S.

News InsuranceMarkets / CoveragesTechnology

Quebec online gaming vendor facing class-action shareholders lawsuit must disclose liability insurance policies: Court

January 17, 2017 by Canadian Underwriter

A Pointe-Claire, Québec-based online gaming company, whose former chief executive officer is facing insider trading charges, has been ordered to provide its general liability, errors and omissions, and directors’ and officers’ liability insurance policies to shareholders who are suing the

News Commercial LinesEarnings / RatingsInsuranceProfessional DevelopmentTechnology

U.S. professional liability market to remain robust in 2017, with competitive level for D&O and E&O businesses remaining heightened: A.M. Best

January 13, 2017 by Canadian Underwriter

The professional liability sector of the United States property and casualty insurance market will continue to be robust in 2017, with the competitive level for directors and officers (D&O) and errors and omissions (E&O) businesses specifically remaining heightened, A.M. Best

News InsuranceLegalLegislation / Regulation

‘Sloppy paperwork’ alone does not trigger oppression remedy: Supreme Court of Canada

November 21, 2016 by Canadian Underwriter

The failure of a company to follow the Canada Business Corporations Act does not necessarily trigger an oppression remedy, the Supreme Court of Canada ruled in a divided decision released Friday. Section 241 of the Canada Business Corporations Act essentially

News Commercial LinesInsuranceMarkets / Coverages

Mixed North American commercial insurance market still favours buyers: Willis Towers Watson report

October 26, 2016 by Canadian Underwriter

The marketplace for property, casualty and other lines of commercial insurance will continue to favour insurance buyers in 2017, particularly those with comprehensive strategic risk management and risk transfer strategies, global advisory, broking and solutions company Willis Towers Watson (WTW)

News CatastrophesCommercial LinesInsurance

New RSA D&O coverage includes multiple reinstatements, pollution clean-up

September 12, 2016 Greg Meckbach, Associate Editor

RSA Canada announced Monday a new directors’ and officers’ liability insurance product that sits on top of a D&O tower, is intended for the use of the individual directors and officers only and covers the cost of pollution clean-up orders.

News Commercial LinesInsurance

Toronto politicians to discuss motion to ask province to order Pickering nuclear plant shutdown in 2018

June 21, 2016 by Canadian Underwriter

A proposal to ask the Ontario government to order a shutdown, earlier than scheduled, of a nuclear power plant situated less than 10 kilometres outside the Toronto city limits, is on the agenda for a June 28 meeting of City

News Commercial LinesEarnings / RatingsInsuranceMarkets / Coverages

U.S. commercial insurance prices rose less than 1% in first quarter: Willis Towers Watson

June 13, 2016 by Canadian Underwriter

Commercial insurance prices in the United States increased modestly in aggregate – less than 1% – during the first quarter of 2016, continuing a three-year trend of smaller increases, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) by

Feature

Making Adjustments

March 1, 2016 Angela Stelmakowich and Greg Meckbach

Toronto recently played host to the Canadian Insurance Claims Managers Association (CICMA)/Canadian Independent Adjusters’ Association (CIAA) Ontario Chapter Joint Conference and the Ontario Insurance Adjusters Association’s 2016 Professional Development and Claims Conference. New and emerging trends were on offer, from cyber security to drones, smart homes and adjuster training.