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News AnnouncementsAppointmentsAssociationsBrokersInsurance

Key industry association names new board members and executives

September 29, 2022 Canadian Underwriter Staff

New board of directors members and executive officers were named by the Insurance Brokers Association of Canada (IBAC) following confirmation of those appointments Sept. 22 during the association’s annual general meeting in St-Andrews-By-The-Sea, N.B. The executive committee will now be

Threads intertwining to represent mergers of eight companies
News AnnouncementsBrokersInsuranceMarkets / CoveragesMergers and AqcuisitionsMGAs

Which firm racked up 8 mergers over the summer?

September 28, 2022 Canadian Underwriter Staff

Brokerage M&A has been hectic so far in 2022, with one firm bringing eight brokerages across Canada under its wing during the summer. Navacord today announced it closed eight acquisitions during July and August that expands the company’s presence in

Group of diverse businesspeople following a merger
News AnnouncementsBrokersCommercial LinesInsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional Development

CapriCMW and Rogers Insurance announce merger

September 20, 2022 by Jason Contant

British Columbia-based CapriCMW and Alberta-based Rogers Insurance have announced that they have merged and will be known as Acera Insurance. The merger will create a company with 1,000 employees located in more than 50 offices across Alberta, B.C., Ontario and

Mature people jogging in park
News AdjustersAnnouncementsBrokersInsuranceProfessional Development

Jim Abernethy Challenge: Can P&C industry top $500K for blood cancer research?

September 2, 2022 by David Gambrill

In this year’s second annual Jim Abernethy Challenge, the Leukemia & Lymphoma Society of Canada hopes Canadian P&C insurance professionals can help top last year’s $500,000 contribution to blood cancer research and community support. The Jim Abernethy Challenge is part

two miniature white houses resting in a puddle outside
News AnnouncementsBrokersInsuranceLegislation / Regulation

Feds’ task force reveals preferred flood insurance models

August 30, 2022 by Alyssa DiSabatino

A federal government task force on flood insurance is leaning toward the public insurer and layered public insurer models of flood insurance programs for Canada. The public insurer model features a Crown corporation that underwrites comprehensive flood insurance through the

Tanker carrying liquified natural gas from Canada
News AnnouncementsBrokersClimate ChangeCommercial LinesConstructionInsuranceLegislation / RegulationReinsuranceRisk

Will insurers find opportunity in Europe’s need for Canadian LNG and hydrogen?

August 26, 2022 Philip Porado

Canadian insurers have a future opportunity to cover the infrastructure required for hydrogen energy products, commercial insurance brokers say. For example, if Europe wants its efforts to reduce dependence on Russian natural gas supplies to be successful, it will need

Recall painted in yellow on a roadway to represent an auto recall
News AnnouncementsBrokersClaimsInsuranceLegalLegislation / RegulationRisk

Fire-risk recall may give brokers opportunity to contact auto clients

August 25, 2022 Philip Porado

A recall of two late-model SUV models by Hyundai Motor America and Kia America was amplified by a consumer alert from the U.S. National Highway Traffic Safety Administration (NHTSA) in Washington. The issue involves a tow hitch, sold as a

News AnnouncementsAppointmentsBrokersInsuranceLegalMarkets / CoveragesReinsuranceRisk

Commercial bond demand prompts new hire at AXA XL

August 22, 2022 Canadian Underwriter Staff

Continued demand among Canadian businesses for commercial bonds prompted AXA XL to appoint Cedric Franklin as vice president and regional director for Canada, the company said. “Commercial bonds are in high demand from companies seeking alternative financial solutions at a

Photo of Andrea Douglass
News AnnouncementsAppointmentsCommercial LinesInsurance

New exec for Swiss Re Corporate Solutions revealed

August 22, 2022 by David Gambrill

Swiss Re Corporate Solutions has appointed Andrea Douglass as senior vice president of customer management in Canada, effective Aug. 29. Douglass will be responsible for strategic relationships with large corporate customers across Canada. Based in Toronto, she will succeed Sarah

Table set for a gala dinner.
News AnnouncementsAssociationsInsurance

What 2022 WICC gala raised from the industry for cancer research

August 15, 2022 by Phil

Women in Insurance Cancer Crusade’s (WICC) 24th annual gala, along with an accompanying sold-out raffle and online auction, raised a six-figure sum for cancer research, the organization said in a press release. All $150,000 in donated funds from the June

Closeup shot of an unrecognisable businesswoman calculating finances in an office
News AnnouncementsBrokersEmploymentInsuranceMergers and Aqcuisitions

The latest commercial brokerage to snap up an employment benefits firm

August 4, 2022 by David Gambrill

In keeping with the trend of Canadian commercial insurance brokerages offering expanded financial services, Westland Insurance Group yesterday acquired one of Ontario’s largest employee benefits consulting groups, The Winch Group. The Winch Group is a full-service brokerage specializing in employee

Heather Masterson
News AnnouncementsAppointmentsAssociationsBrokersInsurance

IBC names new chairwoman

July 29, 2022 Canadian Underwriter Staff

Heather Masterson is the new chairwoman of the Insurance Bureau of Canada (IBC) having been elected by the board of directors, the association announced Thursday. She brings a quarter century of industry experience, market and broker expertise, and executive leadership