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Child restraint systems in commercial aviation should be mandatory: TSB

May 19, 2017 by Canadian Underwriter

The use of child restraint systems should be mandatory on commercial aircraft in Canada, the Transportation Safety Board of Canada reiterated Thursday in a report on an accident that injured 25. No child restraint systems were used (nor were they

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TSB reiterates call for 300-metre runway end safety areas

May 17, 2017 by Canadian Underwriter

The Transportation Safety Board of Canada reiterated Tuesday a warning that airplane passengers and crew are at risk of injury because not all Code 4 runways at Canadian airports have a 300-metre runway end safety area. TSB – a separate

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Clear, policy-driven Canadian fintech strategy needed: Toronto alliance

May 15, 2017 by Canadian Underwriter

Development of a consistently implemented, policy-driven Canadian fintech strategy focused on fostering innovation is essential and strengthening the fintech ecosystem in the Toronto area should be seen as an imperative for the country’s financial services sector and governments, contends the

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Uber announces Toronto research hub for self-driving technology

May 8, 2017 by Canadian Underwriter

Uber has announced that Toronto will be the first international research hub of its Advanced Technologies Group. The technology company also welcomed Raquel Urtasun, an associate professor at the University of Toronto “and one of the world’s leading researchers in

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Heavy rain likely to cause new or more flooding in Quebec and Ontario

May 5, 2017 Michelle McQuigge - THE CANADIAN PRESS

Persistent, steady rains soaking swaths of central and eastern Canada that have already endured record precipitation levels threatened to trigger widespread flooding Friday and put residents and governments on high alert. Environment Canada said a massive system is slowly drenching

News Commercial LinesEarnings / RatingsInsuranceMarkets / CoveragesReinsurance

Combined ratio up 2.1 points, non-life premiums down 14% at PartnerRe

May 5, 2017 by Canadian Underwriter

A change in the measure used to calculate lump sum awards in bodily injury cases in Britain had an impact on PartnerRe Ltd.’s financial results, which the Hamilton, Bermuda insurer released Wednesday. PartnerRe, which has a Toronto branch office, reported

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

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Kingsway reports net loss of US$1.7 million in first quarter of 2017

April 26, 2017 by Canadian Underwriter

Toronto-based Kingsway Financial Services Inc. released its financial results for the first quarter of the year on Wednesday, reporting a net loss attributable to common shareholders of US$1.7 million compared to such a net loss of US$1.5 million in Q1

News CatastrophesCommercial LinesInsurancePersonal LinesReinsurance

Canadian industry underwriting income down 81% in 2016: MSA

April 18, 2017 by Canadian Underwriter

The Canadian property and casualty insurance industry had underwriting income of $484 million in 2016, down 81% from $2.554 billion in 2015, while reinsurers’ combined ratio deteriorated 30.4 points year over year, MSA Research Inc. suggested in a report released

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Aviva Canada and DMZ launch Insurtech accelerator program, applications sought

February 28, 2017 by Canadian Underwriter

Aviva Canada and the DMZ at Ryerson University are looking to answer the rise of Insuretech in the country’s insurance industry with the joint launch of an accelerator program for Canadian start-ups requiring rapid development. “The future of our economy

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Buildings evacuated after massive fire breaks out in midtown Toronto

February 15, 2017 Liam Casey - THE CANADIAN PRESS

TORONTO – Firefighters continued to pour water on a massive and “hazardous” blaze in midtown Toronto early Wednesday, several hours after the fire began and forced the evacuation of surrounding buildings. Division Cmdr. Len Stadler said the fire at The

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Canadian railways need ‘physical fail-safe capabilities’ to reduce collision risk: TSB

January 26, 2017 by Canadian Underwriter

The Transportation Safety Board of Canada reiterated Wednesday its recommendation for “additional physical defenses” on railways in case crews fail to obey signals. On Sept. 6, 2015, a Canadian Pacific freight train enroute from Revelstoke, B.C. to Saskatchewan hit a