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AIR Worldwide announces new global resilience practice

July 18, 2016 by Canadian Underwriter

Catastrophe modelling firm AIR Worldwide announced on Monday that it has formed a “global resilience practice,” a new function to support risk reduction and resilience initiatives across the globe. “These initiatives are aimed at developing solutions that aid society’s efforts

News InsuranceLegislation / RegulationMergers and AqcuisitionsProfessional Development

90% of global consumer product companies have experienced data breach, almost half not complying with regulations: Capgemini report

July 14, 2016 by Canadian Underwriter

Nine in ten global consumer product (CP) companies have faced a data breach and nearly one in two do not company with industry regulations, research from Gapgemini has found. The consulting, technology and outsourcing services firm conducted a global survey

News InsuranceLegislation / RegulationMergers and AqcuisitionsProfessional Development

Alberta government consulting on private auto insurance system

July 12, 2016 by Canadian Underwriter

The government of Alberta said on Monday that it is conducting technical consultations with industry stakeholders on the private automobile insurance system. A targeted stakeholder consultation is underway to gather evidence-based information to inform potential technical changes to regulations governing

News InsuranceMergers and AqcuisitionsProfessional Development

Intact Service Centre opens in Ottawa, two more planned for Toronto and Montreal

July 11, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) announced on Monday that the second Intact Service Centre has opened in Canada, this time in Ottawa. The first service centre opened in Calgary this February. With the launch of the new Intact Service Centre, Intact

News AssociationsInsuranceLegislation / RegulationMergers and AqcuisitionsProfessional Development

Road safety at heart of Ontario move to introduce mandatory, entry-level Training for Class A Truck Drivers

June 29, 2016 by Canadian Underwriter

The Ontario Trucking Association (OTA) has welcomed the announcement by transportation minister Steven Del Duca that mandatory, entry-level training will be adopted for new tractor-trailer drivers. Del Duca said Wednesday all new commercial Class A truck drivers will need to

News InsuranceProfessional DevelopmentTechnology

Executives want insurance decision-making to be faster: PwC report

June 29, 2016 by Canadian Underwriter

Executives want decision-making to be faster, especially in insurance, banking and healthcare, according to a report released earlier this week by PricewaterhouseCoopers (PwC). The 2016 Big Decision Survey, released on Monday, focused on how enterprises around the world, including Canada,

News InsuranceMergers and AqcuisitionsProfessional Development

Noraxis brokerages rebranding to Arthur J. Gallagher

June 28, 2016 by Canadian Underwriter

Several Canadian brokerages in the Noraxis group are rebranding to Arthur J. Gallagher, the Itasca, Illinois-based commercial brokerage announced Monday. The rebranding from Noraxis “marks another major milestone in Gallagher’s quest to become the leading insurance brokerage in Canada,” Arthur

News InsuranceLegalMergers and AqcuisitionsProfessional DevelopmentTechnology

Insider corporate data theft and malware infections among biggest threats to digital businesses in 2016: Accenture and HfS Research study

June 27, 2016 by Canadian Underwriter

Insider data theft and malware attacks top the list of the most significant concerns for global enterprise security executives, according to a new report from Accenture and HfS Research. The survey, titled The State of Cybersecurity and Digital Trust 2016,

News InsuranceProfessional DevelopmentTechnology

Ontario searching for first-ever Chief Digital Officer

June 24, 2016 by Canadian Underwriter

Ontario’s Ministry of Advanced Education and Skills Development announced on Friday that the province is kicking off a global search for its first Chief Digital Officer (CDO) to lead Ontario’s “transformation to become the most open, transparent and digitally connected

News InsuranceLegalMergers and AqcuisitionsProfessional Development

XL Group shareholders approve redomestication to Bermuda, High Court of Ireland hearing scheduled July 20

June 24, 2016 by Canadian Underwriter

The shareholders of XL Group plc have voted in favour of changing the company’s place of incorporation from Bermuda, the Dublin, Ireland-based insurance carrier announced Thursday. XL has been using the XL-Catlin brand for slightly more than a year, since

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Corporate “no-cloud” policies will be as rare as “no-Internet” policies by 2020: Gartner

June 22, 2016 by Canadian Underwriter

By 2020, a corporate “no-cloud” policy will be as rare as a “no-Internet” policy is today, according to a new report from information technology research and advisory company Gartner, Inc. Cloud-first, and even cloud-only, is replacing the defensive no-cloud stance

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Former Telus computer security expert launches cyber breach investigation provider

June 22, 2016 by Canadian Underwriter

A recently-launched Toronto-based firm, Cytelligence Inc., says it offers to investigate cyber breaches, review clients’ business continuity plans and take into consideration the “pros and cons of cyber insurance” for its clients. Cytelligence announced Wednesday it was launched by Daniel