Canadian Underwriter

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Markets / Coverages


News BrokersInsuranceMarkets / CoveragesReinsurance

One ray of light in the hard market

January 6, 2020 by Jason Contant

Despite signs of hardening in certain reinsurance markets, and certainly in the primary market, general third-party liability treaties represents a silver lining in the cloud. “Many general third-party liability treaties are ancillary to traditional property treaties and have generally remained

News BrokersCommercial LinesInsuranceLegislation / RegulationMarkets / Coverages

Why brokers need to keep abreast of regulatory changes for cannabis

January 3, 2020 by Jason Contant

Brokers with cannabis clients need to keep an eye on the changing legal landscape and cannabis companies’ evolving needs, paying particular attention to directors’ and officers’ liability, a managing general agency told Canadian Underwriter recently. Recreational cannabis became legal in

News CatastrophesClaimsMarkets / CoveragesReinsurance

What reinsurance renewals on Jan. 1 told us about the market

January 2, 2020 by David Gambrill

Reinsurance renewals at Jan. 1, 2020 reflected an “asymmetrical” market, featuring a mixed bag of rate increases or decreases (depending on the specific business line or territory), as well as significant rate increases in the retrocession markets, according to Guy

Feature InsuranceLegislation / RegulationMarkets / Coverages

Executive Outlook 2020 | Jason Storah, Aviva Canada

December 30, 2019 by David Gambrill

Jason Storah, President, CEO, Aviva Canada I find it quite interesting, intriguing and frustrating that auto insurance is so complex in this country. Why is an auto accident treated differently in Quebec, Ontario, B.C., or Alberta? It doesn’t make sense,

Feature InsuranceMarkets / Coverages

Executive Outlook 2020 | Valérie Lavoie, Desjardins

December 30, 2019 by David Gambrill

Valérie Lavoie, President, Chief Operating Officer, Desjardins General Insurance Group Rising home and auto insurance premiums will be the big issue for the industry again in 2020, driven by the growing frequency and severity of extreme weather events and the

Feature InsuranceLegislation / RegulationMarkets / Coverages

Executive Outlook 2020 | Carol Jardine, Wawanesa

December 30, 2019 by David Gambrill

Carol Jardine, President, Canadian P&C Operations, The Wawanesa Mutual Insurance Company One of the most important issues facing the industry is the Canadian consumer’s pocketbook. Canadian families have never been more in debt and GDP and wage growth aren’t helping.

Feature InsuranceMarkets / CoveragesTechnology

Executive Outlook 2020 | Louis Gagnon, Intact

December 30, 2019 by David Gambrill

Louis Gagnon, President, Canadian Operations, Intact Financial Corporation I see two very important issues for insurance in 2020 — climate change and our ability to adapt; and cyber risk and the increasing need for protection. These challenges create an environment

News InsuranceMarkets / Coverages

First batch of legal marijuana edibles on their way for B.C.

December 20, 2019 The Canadian Press

VICTORIA – British Columbia’s government says the first batch of legal marijuana edibles, extracts and topical will soon be available for purchase, two months after they were legalized in Canada. The province says it received its first shipments of the

News BrokersInsuranceMarkets / CoveragesTechnology

Brokers should look for these three things in a cyber insurance policy

December 16, 2019 by Jason Contant

Cyber insurance policies still tend to be confusing for brokers, but there are three areas that they should focus on, recommends Nathan Rose, senior underwriter and business development specialist with Burns & Wilcox Canada. This includes: 1) policies that have

Feature Climate ChangeMarkets / CoveragesReinsurance

Turning off the taps

December 7, 2019 Greg Meckbach, Associate Editor

Global insurers are starting to withdraw from providing insurance coverage to the oil sands, which accounts for about two-thirds of Canadian oil production. What this means for your clients in the oil and gas sector…

News InsuranceLegislation / RegulationMarkets / Coverages

Potential opportunity in mining insurance

December 5, 2019 by Greg Meckbach

Insurers and brokers looking for new opportunities should consider covering a mining firm’s legal obligation to restore a site once the operation has closed. “In the Canadian market there is probably an emerging opportunity on this front,” Ben-Schoeman Geldenhuys, a

News Commercial LinesInsuranceMarkets / Coverages

The biggest challenges facing the commercial auto space

December 3, 2019 by Jason Contant

Capacity issues, cross-border exposure, ongoing trade negotiations and liability losses are some of the biggest challenges in the commercial transportation space, a speaker said last week at Insurance Bureau of Canada (IBC)’s inaugural Commercial Insurance Symposium. “In the past four