Canadian Underwriter

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Mergers and Aqcuisitions


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Esurance expands online auto and home insurance to Ontario

September 21, 2017 by Canadian Underwriter

Esurance has announced that it is expanding its online auto and home insurance to Ontario. Esurance – an Allstate company with homeowner and auto insurance available across Alberta, Ontario and the United States – uses “advanced technology to offer an

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Ontario ministry searches Volkswagen offices in emissions scandal investigation

September 20, 2017 Dan Healing - THE CANADIAN PRESS

The federal government should be moving ahead with action against Volkswagen in the wake of news that Ontario has charged the company and carried out a raid on its headquarters, according to an environmental organization. On Tuesday, provincial authorities executed

News InsuranceLegislation / RegulationMergers and Aqcuisitions

Vehicle defect correction bill debated in Commons

September 20, 2017 by Canadian Underwriter

Canada’s transport minister will have the power to “order a company to correct a defect or non-compliance in a vehicle or equipment” if a bill debated Tuesday in the House of Commons is passed into law. “If a situation arose

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Rescuers dig through collapsed buildings as Mexico quake kills 225

September 20, 2017 Christopher Sherman, Peter Orsi and Mark Stevenson - THE ASSOCIATED PRESS

MEXICO CITY – Rescuers said Wednesday they have found a surviving child in the ruins of a school that collapsed in Mexico’s magnitude 7.1 earthquake, one of many efforts across the city to save people trapped in under schools, homes

News InsuranceLegislation / RegulationMergers and Aqcuisitions

Ontario to introduce new offence for careless driving causing death or bodily harm

September 20, 2017 by Canadian Underwriter

Ontario’s Ministry of Transportation (MTO) has released further details on its planned road safety legislation this fall, including the creation of a new offence for careless driving causing death or bodily harm. The province’s Minister of Transportation, Steven Del Duca,

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Web-based Drug-Impaired Driving Learning Centre launched

September 20, 2017 by Canadian Underwriter

Just days after the province of Ontario announced that it would introduce legislation this fall that includes zero tolerance for drug-impaired driving for several classes of motorists, an organization and insurer have launched a Drug-Impaired Driving Learning Centre (DIDLC). The

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

M&A insurance buoyant as premiums and retentions fall, JLT Specialty survey finds

September 19, 2017 by Canadian Underwriter

The mergers and acquisitions (M&A) insurance market is facing “significant growth” linked to falling rates and lower retention levels as a result of increasing competition, a new report from specialist insurance broker and risk consultant JLT Specialty Limited has found.

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Risk of Recall

September 15, 2017 Cameron Brady, Assistant Vice President, Product Recall Underwriting, Chubb

Product recalls can have a significant impact on a business, regardless of its industry, size or location. Brokers need to keep abreast of associated risks to inform clients about what insurance coverage should be in place and to help them develop a product recall plan that best suits their needs and exposures.

News ConstructionInsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Legislation would mandate surety bonds on public sector construction projects in Ontario

September 13, 2017 by Canadian Underwriter

Surety bonds written by licensed insurers will be mandatory for certain public construction projects in Ontario if a bill tabled Tuesday is passed into law. Bill 142, if passed into law, will “require surety bonds to be posted on public

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Investigators cite Tesla Autopilot limits in fatal crash

September 13, 2017 Joan Lowy - THE ASSOCIATED PRESS

WASHINGTON – Design limitations of the Tesla Model S’s Autopilot played a major role in the first known fatal crash of a highway vehicle operating under automated control systems, the National Transportation Safety Board said Tuesday. The board said the

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Charting the Course

September 13, 2017 Fred Eslami, Senior Financial Analyst, A.M. Best Company

Cyber insurance seems like it is poised to go it alone. Growth of the line — currently in the United States and perhaps in future in Canada — is taking shape as a stand-alone offering. What are the benefits of such a move?

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Hub International acquires Saskatchewan-based Delisle Agencies Ltd.

September 13, 2017 by Canadian Underwriter

Just days after acquiring P&C brokerage Integro (Canada) Ltd., Hub International Limited announced it has acquired Saskatchewan brokerage Delisle Agencies Ltd. Terms of the acquisition were not disclosed. Based in Delisle, Sask., the brokerage specializes in personal lines and government