Canadian Underwriter

Topic Commercial

Smoke from wildfires fills the sky in Yellowknife
News B.C.CatastrophesClaimsCommercialEmerging RisksInsurersLoss TrendsNWTPersonal AutoPersonal Home

Price tag for the insured wildfire losses in Northwest Territories

November 20, 2023 by David Gambrill

Insured wildfire damage in Hay River and Yellowknife, NWT, during the summer — which led to Canada’s largest evacuation ever — cost the P&C insurance industry a total of more than $60 million, Catastrophe Indices and Quantification (CatIQ) Inc. reported

Man hold a light bulb with a strategy icon
News ClaimsClaims Canada ArchiveCommercialInsurersLoss ControlLoss TrendsMergers and AqcuisitionsOperationsTechnology

How the M&A environment will affect carriers’ business models

November 17, 2023 by Jason Contant

Canadian P&C insurance industry carriers and service providers will need to transform their business models to help control claims and operating costs in an M&A environment featuring competing demands for capital, speakers said Thursday at KPMG’s 2023 Insurance Conference in

Person getting hurt while riding an e-scooter
News ClaimsCommercialEmerging RisksInsurersLegalLiabilityLoss ControlLoss TrendsProperty

Whose insurer pays when e-scooter drivers crash?

November 17, 2023 by Philip Porado

News reports about drivers of stand-up e-scooters injuring pedestrians in several Canadian cities are raising questions about insurance coverage for the vehicles — and how injured pedestrians might recover damages. But what about the e-scooter drivers themselves? Can they recover

Susan Potter, chief commercial officer, U.S. and Canada, Marsh McLennan
News BrokersCommercialHRRisk Managers

Marsh McLennan creates new role for Canada and U.S. operations

November 16, 2023 by David Gambrill

Marsh McLennan has appointed Susan Potter as U.S. and Canada commercial officer, effective immediately. “We are fortunate to have Susan assume this new role,” Pat Tomlinson, Marsh McLennan’s U.S. and Canada CEO, said of Potter’s appointment. “Her exceptional leadership experience,

Person running away from risk
News BrokersClaimsCommercialInsurersLoss ControlRisk ManagersTrusted Advisor

Why there’s no such thing as ‘bad risk’

November 14, 2023 by Adam Mitchell

New leads are crucial for any brokerage’s growth and continued business success. Although that’s a no-brainer, here’s something to remember when it comes to converting those leads into clients: there’s no such thing as good risks and bad risks. The

Glass of whiskey on a bar counter
News BrokersClaimsCommercialInsurersLegal

Why this insurer doesn’t have to defend an injured bar patron’s lawsuit

November 13, 2023 by Alyssa DiSabatino

An Ontario insurer is not required to defend a Woodstock, Ont., sports bar against a “mixed” claim from a patron who said he sustained injuries after he was over-served and then forcibly removed from the bar, the Ontario Superior Court

Three hands holding jigsaw puzzle pieces
News BrokersCommercialHRManagementMergers and AqcuisitionsOntarioOperationsPersonal AutoPersonal Home

BrokerLink completes triple acquisition

November 13, 2023 by Jason Contant

BrokerLink has expanded its well-established footprint in the Greater Toronto Area with the acquisition of brokerages All-Risks Insurance (Burlington), Dowhaniuk Insurance and Heinsoo Insurance.  BrokerLink announced Monday it completed the asset acquisition of Solutions Financial PCC Inc., operating as All-Risks

Global cyberattack
News ClaimsClaims Canada ArchiveCommercialCyberInsurersTechnology

Is it time for a new approach to systemic cyber?

November 10, 2023 by Jason Contant

Systemic cyber risk needs to be tackled with more capacity and ways of dealing with the attritional cyber market, Marc Lipman, president and attorney-in-fact at Lloyd’s Canada, suggested during an industry event last month. “Just like there developed a traditional,

Business benefits professional signing a piece of paper on a clear desk
News BrokersCommercialCyberInsurersMergers and Aqcuisitions

What’s new about Westland’s latest deals

November 10, 2023 by Alyssa DiSabatino

Westland Insurance announced its partnership with employee benefits and retirement solutions provider Prime Benefits Group Inc.  Westland said the deal is part of its strategy to enhance its group benefits portfolio and strengthen its position in the Canadian market.   Based

News BrokersCatastrophesCommercialCommercial AutoEmerging RisksEnvironmentalInsurersLoss TrendsPersonal AutoPersonal Home

How Intact’s third quarter results shaped up

November 9, 2023 by Alyssa DiSabatino

Intact saw premium growth in 2023 Q3, but its profitability took a hit because of inflation and the Canadian wildfires, the company reported. Intact saw single-digit premium growth in its personal and commercial lines in 2023 Q3, and predicts this

Burning hay stacks
News ClaimsClaims Canada ArchiveCommercialEnvironmentalInsurersOntarioProperty

Why hay barn fires catch insurers’ attention

November 9, 2023 by Jason Contant

The massive amount of water and firefighting resources required to put out hay barn fires is just one reason why these blazes are so stubborn, an industry professional said at the Farm Fire Summit last week.  A multi-million-dollar hay barn

Mergers and acquisitions with a technology background
News AlbertaBrokersCommercialHRMergers and AqcuisitionsOntarioOperations

What P&C brokerage buyers are really looking for

November 8, 2023 by Jason Contant

Buyers of Canadian P&C brokerages are becoming more selective about the brokerages they will pursue, with an increase in demand for commercial lines-focused brokerages, a new report from advisory firm Smythe LLP says. P&C consolidators continue to diversify their acquisitions,