Topic
Announcements
How the federal budget impacts P&C insurers
April 8, 2022 Philip Porado, with files from Melissa Shin and Rudy MezzettaAs expected, 2022’s federal budget included a 1.5% bank and insurer surtax for taxable income over $100 million for taxation years that end after April 7. That means those companies will pay 16.5% on income above that threshold going forward.…
CSIO calls APIs for policy inquiries ‘foundational’
April 4, 2022 Canadian Underwriter StaffRecent publication of API standards for policy inquiries for personal auto, habitational, individually rated commercial automobile (IRCA) and commercial general liability (CGL) are the foundational use cases to begin improving carrier and broker connectivity communications. “These 24 policy inquiry use…
Ratings agency suspends commercial activities in Russia
March 30, 2022 Philip PoradoGetting ahead of a European Union-imposed Apr. 15 sanctions deadline, a major global credit ratings agency specializing in the insurance industry has suspended all commercial activities in Russia. AM Best said it’s also withdrawn all credit ratings on reinsurance companies…
Commercial data standards get green light
March 18, 2022 Canadian Underwriter StaffCommercial insurance brokers are a step closer to having standards for policy inquiries on certain auto and general liability coverage. The Centre for Study of Insurance Operations (CSIO) said its Innovation and Emerging Technology (INNOTECH) API working groups have published…
Zurich Resilience Solutions in Canada adds new executive talent
March 2, 2022 by David GambrillZurich Canada is growing Zurich Resilience Solutions (ZRS) in Canada, adding Scott Thomas to the team as the head of ZRS for Canada and Chris Snider as head of sales and distribution. “This investment in ZRS Canada talent is an exciting step on our journey…
Insurtech BOXX Canada names former Beazley chairman as president
February 24, 2022 by David GambrillFormer Beazley Canada board chairman Phil Baker is now president of global cyber insurtech BOXX Canada. Baker also will be responsible for delivering BOXX’s insurance strategy globally as its global head of insurance. The Toronto-based and privately-held company helps businesses,…
Which insurer is providing more E&O capacity to Canada
February 2, 2022 by David GambrillSigns are showing that stability – and more capacity – is returning to Canada’s commercial insurance market, including a recent announcement that the professional liability division of Cincinnati-based Great American Insurance Group has expanded into Canada. More specifically, Great American’s…
Crawford’s new national TPA sales director for Canada
January 17, 2022 by David GambrillCrawford & Company has promoted Victoria Hanson to be its director of sales, National TPA (third party administrator) in Canada. She will report to Jeff Setterington, Crawford Canada’s vice president of sales, effective immediately. “Victoria has a strong proven track…
Meet Chubb’s new Canadian leaders
January 4, 2022 by David GambrillPaul Johnstone is now Chubb Canada’s chief operating officer, while Melanie Wilcox will succeed him in his former role as the head of personal risk services in Canada. “Paul and Melanie both bring extensive experience to their new roles,” John…
Brooks, Alberta home to new location of RCC DKI
December 22, 2021 by DKI CanadaBROOKS, AB, DECEMBER 21, 2021/insPRESS – DKI Canada is pleased to announce the opening of a third location of Rocky Cross Construction DKI (RCC DKI). The new location will serve Brooks and the surrounding area. Rocky Cross Construction was established in…
DKI Canada Network expands to Kingston
October 1, 2021 DKI CanadaKINGSTON, ON, October 1, 2021/insPRESS/ – DKI Canada is pleased to announce the opening of a second location of Disaster RX DKI. The new location will serve Kingston and the surrounding area beginning today. Since the opening of their first…
QPR DKI officially opens doors in Quinte West
September 20, 2021 Quinte Property RestorationTRENTON, ON, SEPTEMBER, 20, 2021/insPRESS/ – Quinte Property Restoration DKI (QPR DKI) officially opened today in Quinte West with a ribbon cutting ceremony at their offices on Highway 2 in Trenton. This morning’s event was attended by Quinte West Deputy…