Canadian Underwriter


Martin South, incoming president, United States and Canada division, Marsh Inc. News Commercial LinesInsurance

Marsh moves Martin South to president, U.S. & Canada from CEO Asia-Pacific

July 22, 2016 by Canadian Underwriter

Marsh Inc. announced Thursday that effective Sept. 1, Martin South is appointed president of the United States and Canada division of the commercial insurance brokerage. South “will oversee Marsh’s US core brokerage, businesses in Canada, and portfolio of US businesses

Oil Pipeline and Valves News CatastrophesCommercial LinesInsurance

Saskatchewan city prepares for possible arrival of oil from major pipeline spill

July 22, 2016 by The Canadian Press

MAIDSTONE, Sask. – Reservoirs and the water tower in North Battleford have been filled to capacity as a precautionary measure in the event oil from a major pipeline spill reaches the Saskatchewan city. Husky Energy says between 200,000 and 250,000

Software Bug News Commercial LinesInsuranceLegalTechnology

2016 malware levels nearly four times 2015 totals, cybersecurity company finds

July 22, 2016 by Canadian Underwriter

A security analyst team at AppRiver, a cloud-based cybersecurity company based in Gulf Breeze, Fl., has quarantined 4.2 billion emails containing malware in the second quarter of 2016, “pointing to a continued increase in malware traffic this year.” The emails

Businesspeople analyzing graphs News Earnings / RatingsInsurance

Kingsway Financial Services reports operating loss of US$1.1 million for Q2 2016, slight operating income for underwriting segment

July 22, 2016 by Canadian Underwriter

Toronto-based Kingsway Financial Services Inc. has reported an operating loss of US$1.1 million for the second quarter of 2016 ending June 30, compared to US$2.5 million for the second quarter of 2015. Kingsway released its financial results on Friday, indicating

hand holding mobile phone during  coffee break, with laptop and coffee on table News Commercial LinesInsuranceLegalTechnology

Pen Underwriting Canada’s e-traded D&O solution offers brokers fast quote-to-cover capability

July 22, 2016 by Canadian Underwriter

Pen Underwriting Canada’s newly launched e-trading platform allows brokers to quote and issue a policy within five minutes that provides directors and officers a broad range of D&O coverage to suit the fast-evolving risks and liabilities they face. Calling the

car internal drive crashed airbag exploded and destroyed body News InsuranceLegalPersonal Lines

Motorist convicted after fatal collision loses bid to exclude data from sensing diagnostic module

July 21, 2016 by Canadian Underwriter

A motorist convicted under the Criminal Code of Canada, of two counts of dangerous driving causing death after a vehicle collision in Kamloops, British Columbia, has lost his fight to have data from a sensing diagnostic module excluded as evidence

screenshot travelers News CatastrophesEarnings / RatingsInsurance

Q2 catastrophe losses up 50.6% for Travelers after hail, wildfires

July 21, 2016 by Canadian Underwriter

The Travelers Companies Inc. reported Thursday its combined ratio deteriorated 2.3 points, it renewed July 1 a property catastrophe reinsurance contract for Canada covering losses between $200 and $600 million (plus 50% of losses over $100 million), and that it

Roofs had been lifted off some homes and buildings. Photo: @BaerChick. News CatastrophesCommercial LinesInsurancePersonal Lines

Southern Manitoba hit by bad storms, reports surface of buildings being damaged

July 21, 2016 by The Canadian Press

WINNIPEG – A severe storm that roared through southern Manitoba on Wednesday left considerable damage in its wake. Tornado warnings were issued across the region, and reports poured in on social media of trees being downed, intersections flooded and power

Calgary skyline News CatastrophesClimate ChangeInsurance

Alberta invests in flood and drought resiliency projects

July 21, 2016 by Canadian Underwriter

The province of Alberta is investing nearly $1 million in flood and drought resiliency projects in Calgary and other communities to help protect against the effects of severe weather. Twelve organizations in southern Alberta “and other vulnerable communities across the

cat bond issuance News InsuranceMarkets / Coverages

Catastrophe bond issuance slowed during second quarter of 2016: Aon Securities

July 21, 2016 by Canadian Underwriter

Following a record breaking first quarter issuance of US$2.22 billion, catastrophe bond issuance for the second quarter of 2016 stood at US$800 across five transactions – a relatively low figure during a historically active quarter, Aon Securities said on Thursday.

Estevan flood News CatastrophesCommercial LinesInsurancePersonal Lines

Another flood recovery centre to open in Saskatchewan

July 21, 2016 by Canadian Underwriter

Nearly one week after a Provincial Disaster Assistance Program (PDAP) flood recovery centre opened in Estevan, Sask., the Ministry of Government Relations said that another centre will open in the Town of Watrous. The centre will open to provide support

oil refinery News Commercial LinesEarnings / RatingsInsurance

Higher prices from Fort McMurray wildfire to boost Q2 energy company results

July 21, 2016 by Dan Healing - THE CANADIAN PRESS

CALGARY – Analysts predict oil prices driven higher by production stoppages during the Fort McMurray, Alta., wildfires in May will bolster the bottom lines of Canadian oil and gas companies as they report financial results starting this week. Western Canada