Canadian Underwriter

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News BrokersInsuranceRiskTechnology

How can you improve cybersecurity? Hire more women

December 9, 2022 Camelia Radu and Nadia Smaili

By Camelia Radu, Associate Professor in Accounting, Universite du Quebec a Montreal (UQAM) and Nadia Smaili, Professor in Accounting (forensic accounting), Universite du Quebec a Montreal (UQAM). This article was originally published on The Conversation, an independent and nonprofit source

Buildings sit in the water in Rose Blanche-Harbour Le Cou
News BrokersCatastrophesClaimsClimate ChangeCommercial LinesInsurance

How insurance coverage will change as Canadian hurricane risk expands

December 9, 2022 by Alyssa DiSabatino

Parametric insurance is a relatively new product in Canada, and thus is not a big buy for commercial clients, but as climate change is expected to cause more hurricane events in Canada, expect this solution to get more popular north

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News BrokersCommercial LinesInsuranceMarkets / CoveragesMGAsRisk

The real reasons behind Canada’s softer D&O market

December 9, 2022 Philip Porado

“Expanded insurer appetite and competition in the primary space,” as well as new capacity in excess layers, helps explain a softening of Directors and Officers (D&O) insurance pricing and limits expansions in Canada, says a recent quarterly market insights report

Scott Irwin, Navacord, wearing a blue suit and red tie stands with his arms crossed against a white background
News AnnouncementsAppointmentsBrokersInsurance

New president and CEO at Jones Deslauriers

December 8, 2022 by Alyssa DiSabatino

Scott Irwin is now president and CEO of Jones Deslauriers, a Navacord broker partner.   He succeeds Eric Osbourne, Jones Deslauriers’ president and CEO of 15 years, who has taken on a new role at Navacord.  Jones DesLauriers is a

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News BrokersMergers and Aqcuisitions

This holding company’s first foray into Canadian P&C insurance

December 8, 2022 by David Gambrill

The Jim Pattison Group, a holding company that does $14-billion in business, has become a minority investor in Alberta-based brokerage HighStreet Insurance Group. The strategic investment marks the entry of the holding company into the Canadian P&C insurance space. Terms

Fayeanne Beattie
News AnnouncementsAppointmentsBrokersInsurance

Acera Insurance names industry vet as new CFO

December 7, 2022 by David Gambrill

Fayeanne Beattie is the new chief financial officer of Acera Insurance. She has more than 20 years of experience in the insurance industry in various roles, primarily in finance. Most recently she was the CFO of Gallagher Global Brokerage Americas,

Business merger and acquisition concept
News BrokersCommercial LinesInsuranceMarkets / Coverages

Westland expands into two new provinces

December 7, 2022 by Jason Contant

Westland Insurance has entered into Prince Edward Island and New Brunswick for the first time, making it one of the largest insurance brokers in Atlantic Canada. The western Canadian-based brokerage announced Tuesday the acquisition of Hyndman Insurance Group, Sears Insurance,

A man pauses while digging out snow from under a car stuck on a street in the aftermath of a snowstorm, in Vancouver, B.C., Wednesday, Nov. 30, 2022. Delta Mayor George Harvie describes the response to heavy snowfall in the region last week as a "recent failure of provincial highway winter maintenance." THE CANADIAN PRESS/Darryl Dyck
News BrokersCatastrophesClaimsClimate ChangeInsurance

Why this insurer saw double the amount of auto claims. Could it happen again?

December 7, 2022 by Alyssa DiSabatino

A major snowfall in southern British Columbia last week led to a 94% increase in claims compared to the week prior, Insurance Corporation of British Columbia (ICBC) reported. And with more snow being forecast today, drivers should prepare for more

Simon Castonguay
News AnnouncementsAppointmentsBrokersInsuranceRisk

Meet WTW’s new corporate risk and broking leader for Montréal

December 6, 2022 by David Gambrill

Simon Castonguay has been named WTW’s corporate risk and broking market leader for Montréal, the brokerage announced Tuesday. He will be responsible for overall business strategy and client service in the region. Also, he will be a member of the

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News BrokersClaimsCommercial LinesInsuranceLegalRisk

How inflation, and possible recession, may create D&O headaches

December 6, 2022 Philip Porado

Faced with wide-ranging global macroeconomic risks that include supply chain disruptions and labor shortages, stock issuers need to be careful about any disclosures and public statements. This is especially true for publicly traded companies that have directors and officers (D&O)

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News BrokersCatastrophesCommercial LinesInsuranceReinsurance

What do January reinsurance renewals have in store for property insurers?

December 5, 2022 by Alyssa DiSabatino

With January’s reinsurance renewal period quickly approaching, the impact of major cat events on property insurers remains to be seen, said a new report from Navacord brokerage Lloyd Sadd.  Catastrophic losses are making leading property insurers selective about the amount

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News BrokersInsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Do digitally efficient brokerages make better acquisition targets?

December 2, 2022 Alyssa DiSabatino

Brokerage owners shouldn’t just invest in digitization for its own sake, says one financial advisor. They should do it to make a purchase and integration easier for consolidators. Consolidators don’t necessarily expect small brokerages to digitize before acquisition, said Alex