Things could get interesting for brokers in Atlantic Canada if Intact takes over RSA’s Canadian operations, a Saskatchewan broker told Canadian Underwriter Friday. That being said, he felt if the proposed deal announced Thursday goes through, it would still leave…
A consortium composed of Intact Financial Corporation and Nordic property and casualty insurer Tryg A/S is preparing a cash offer to acquire RSA plc for £7.2-billion (about Cdn$12.3 billion). Intact is Canada’s largest property and casualty insurer, with a market…
Aon plc’s proposed acquisition of Willis Towers Watson plc was approved Wednesday by both firms’ shareholders. The merger still requires approval from competition regulators in various jurisdictions (including Canada) plus the Irish High Court. Aon and Willis Towers Watson rank…
Canadian P&C insurance industry icon J.R. (Bob) Tisdale is stepping down today as president and chief operating officer of Pembridge and Pafco insurance companies in Canada, coinciding with his 40-year work anniversary. Allstate Insurance Company of Canada first announced his…
Industry veteran Normand Lafreniere, president of the Canadian Association of Mutual Insurance Companies (CAMIC), is now officially retired. In a LinkedIn post Wednesday, Lafreniere said he will continue as a consultant for CAMIC over the next few weeks, pending the…
Peter Askew has been named president and CEO of the Canadian business of global reinsurance specialist Guy Carpenter & Company LLC, a business of Marsh & McLennan Companies. Effective immediately, Askew will be responsible for Guy Carpenter’s reinsurance broking activities…
Arthur J. Gallagher & Co. has acquired Edmonton, Alta.-based Insight Insurance & Risk Management Ltd., the official insurance brokerage of NHL hockey’s Edmonton Oilers. Founded in 2013 by CEO Alexis Harke, Insight is a retail insurance broker serving clients throughout…
Swiss Re today reported COVID-19 claims and reserves totalling $2.5 billion across the Group, resulting in a net loss of $1.1 billion in the first half of 2020 (all figures in U.S. dollars). “Based on current information and a prudent…
Shortly after the World Health Organization declared the novel coronavirus to be a global pandemic, when Canadian P&C insurance industry employees first started to work from home remotely to avoid the spread of the virus, Canadian Underwriter asked brokers in…
An exemption from inspection rules for boilers and pressure vessels in Ontario’s agricultural sector is coming to an end. Starting next year, boilers and pressure vessels will have to get a certificate of inspection from the province’s Technical Standards and…
LISTOWEL, ON, JUNE 26, 2020/insPRESS/- Trillium Mutual Insurance, a leading Mutual Insurer focused on protecting and enhancing farms and rural communities, proudly announces a $50,000 donation through its ROOTS Community Fund to support 4-H Ontario’s: Taking Our Mental Health to…
Jennifer Power is the new vice president of Pembridge and Pafco, Allstate Insurance Company of Canada has announced. Power succeeds Bob Tisdale, who announced his retirement last year as president and chief operating officer of Pembridge and Pafco, and vice…