Canadian Underwriter


Celyeste Power is the new CEO of IBC
News AnnouncementsAppointmentsAssociationsEmploymentInsuranceProfessional Development

IBC announces new president and CEO

November 10, 2022 Canadian Underwriter Staff

Celyeste Power will succeed retiring Insurance Bureau of Canada (IBC) president and CEO Don Forgeron at the end of 2022. Power, who takes over as president and CEO on January 1, 2023, is currently executive vice-president for strategic initiatives and

Renee-Lea Soucy, senior manager of commercial insurance, The Co-operators
News AssociationsBrokersInsuranceProfessional Development

How to develop the P&C industry’s future leaders

November 8, 2022 by Jason Contant

It’s important for women in Canada’s insurance industry to hear stories about the paths other women leaders have taken to achieve success, said the winner of a national leadership award from the Insurance Institute of Canada. “We need to give

Jason Storah, CEO of Aviva Canada
News AnnouncementsAppointmentsAssociationsInsuranceProfessional Development

Aviva exec to lead Insurance Institute’s board

October 27, 2022 by Jason Contant

Aviva Canada CEO Jason Storah has been elected chairman of the board of governors of the Insurance Institute of Canada (IIC). Storah, who is based in Toronto, was elected following IIC’s 69th annual general meeting, held on Oct. 25 in

Colourful stars with the word 'incentives' on a chalkboard background
News AssociationsBrokersInsuranceLegislation / Regulation

Brokers and insurers query regulators on proposed incentives guidance

October 25, 2022 by Jason Contant

National associations representing Canadian P&C brokers and insurers are seeking clarification and amendments to proposed regulatory guidance on incentives management, particularly around the costs of incentives within different distribution models. In particular, both Insurance Brokers Association of Canada (IBAC) and

Signing a contract
News AssociationsBrokersInsuranceLegalMarkets / CoveragesMGAs

How Lloyd’s broke the bottleneck for Canadian MGAs

October 21, 2022 by Jason Contant

Editor’s Note: This article has been revised to clarify the rules around continuous binding authorities emanating from Lloyd’s.   Managing general agents (MGAs) with a binding authority contract from Lloyd’s — and where the capacity under the contract is provided

Tanker truck moving across Alberta
News AssociationsClaimsCommercial LinesInsuranceLegislation / RegulationMarkets / Coverages

How new truckers can get a better ‘insurance experience’

October 13, 2022 Philip Porado

To reduce claims rates for Alberta-based trucking companies, and loss ratios for commercial trucking insurers, an Insurance Bureau of Canada (IBC) executive said training regimens aimed at improving the quality of drivers entering the sector needs to improve. At 120

Montreal skyline from the Lachine Canal
News AssociationsClaimsClaims CanadaCommercial LinesInsuranceLegislation / RegulationMarkets / Coverages

Condo association calls for changes to help corporations recoup losses 

October 11, 2022 by Jason Contant

Quebec’s association representing condo corporations is reiterating a call on the newly re-elected provincial government to amend the Civil Code of Quebec to allow condo corporations to better recover losses from co-owners.  Currently, condo corporations (called syndicates in Quebec) are

Large truck on the Icefields Parkway in Alberta, Canada
News AssociationsClaimsCommercial LinesInsuranceRisk

Are driver shortages fuelling a spike in Alberta trucking claims?

October 11, 2022 Philip Porado

Border crossing issues stemming from COVID-19 health restrictions, as well as an aging workforce that’s rapidly reaching retirement, has led to an exodus of drivers from Canada’s trucking sector over the past two years. Stresses from that situation are amplified

Fleet of excavator machines for rent
News AssociationsBrokersCommercial LinesConstructionInsuranceMarkets / CoveragesProducts

Westland partners with American association for equipment, event rental coverage

October 6, 2022 by Jason Contant

Westland Insurance Group and the American Rental Association (ARA) have announced an exclusive partnership to deliver insurance solutions to ARA members across Canada. ARA is an international trade association for owners of equipment and event rental operations, as well as

Insurance agent with a client to sign an insurance policy
News AssociationsBrokersInsuranceTechnology

Do your clients really want digital delivery of insurance documents?

October 5, 2022 by Jason Contant

More than half of your clients want to receive their insurance documents in paper format, according to extrapolated results of Insurance Brokers Association of Ontario’s (IBAO) Going Paperless project. “It’s not a slam dunk – just because somebody wants to

Stack of green compliance and rules books
News AssociationsBrokersInsurance

Why RIBO’s considering a harmonized standard for broker licensing, and MGA carve-out

October 4, 2022 by Jason Contant

The Registered Insurance Brokers of Ontario (RIBO) is working with the Canadian Insurance Services Regulatory Organizations (CISRO) to review property & casualty agent and broker education and training requirements to make recommendations regarding a harmonized standard. This could take the

Megaphone signifying an announcement
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