Topic Education
IBC applauds Ontario government’s decision to move forward with creation of new financial services regulator
November 15, 2016 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is applauding the Ontario government’s decision to move forward with the creation of a new financial services regulator. On Monday, the government of Ontario announced in its 2016 Ontario Economic Outlook and Fiscal Review…
RIBO overhauls spot check program to include consideration of conduct requirements, expectations: Hitchlock
November 10, 2016 by Angela Stelmakowich, EditorThe Registered Insurance Brokers of Ontario (RIBO) has embarked on a major overhaul of its spot check program with the twin goals of promoting better consumer protection and improved broker risk management, says Norma Hitchlock, RIBO’s outgoing president. While the…
Heather Masterson appointed president and CEO of Travelers Canada
November 10, 2016 by Canadian UnderwriterTravelers Canada announced on Thursday that Heather Masterson has been appointed president and chief executive officer, effective immediately. Masterson succeeds Duane Sanders, “who has taken a senior leadership role in the company’s largest business segment in the United States,” Travelers…
Peace Hills Insurance announces Kathy Boychuk as new president and CEO for 2017
November 10, 2016 by Canadian UnderwriterThe board of directors of Peace Hills Insurance announced on Wednesday the appointment of Kathy Boychuk as incoming president and chief, effective March 2017. “It’s been great to be back but I do look forward to returning to my retirement,”…
Vancouver-based Vertical Insurance Group acquires brokerage Axis Insurance Managers Inc.
November 9, 2016 by Canadian UnderwriterVancouver-based Vertical Insurance Group Ltd., owners of Shaw Sabey, Metrix, Core, Magnes, LMG and other retail insurance brokerage businesses, has announced the acquisition of the majority interest in the capital of brokerage Axis Insurance Managers Inc., also of Vancouver. Alex…
Pembridge Insurance Company and Pafco Insurance Company obtain CSIO certification for Personal Lines eDocs
November 9, 2016 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) announced on Wednesday that Pembridge Insurance Company and Pafco Insurance Company of Markham, Ont. have both obtained CSIO certification for Personal Lines eDocs. “We are pleased to now offer our brokers access to…
Ed launches global cyber academy
November 4, 2016 by Canadian UnderwriterEd, the global reinsurance, wholesale and specialty broker, announced on Friday the launch of what it is calling the insurance industry’s first global cyber academy. The Ed Cyber Academy, which will be led by Peter Hacker, the company’s group chief innovation officer,…
Ontario-based MGAs Excess Underwriting and Towerhill Insurance Underwriters merge
November 3, 2016 by Canadian UnderwriterExcess Underwriting and Towerhill Insurance Underwriters Inc., both coverholders at Lloyd’s, announced on Thursday that they have merged effective Nov. 1. The companies will serve their broker partners as Excess Underwriting operated by Towerhill Insurance Underwriters Inc., said a joint…
The Insurance Institute of Canada elects Intact Insurance president Jean-François Blais as chair of board of governors
November 3, 2016 by Canadian UnderwriterThe Insurance Institute of Canada (IIC) has elected Jean-François Blais, president of Intact Insurance, as chair of its board of governors. The IIC elected Blais at its 63rd annual general meeting on Oct. 25 in Charlottetown, P.E.I., the institute said…
The Co-operators acquires Assurance Aubin Insurance Brokers Ltd.
November 1, 2016 by Canadian UnderwriterCo-operators General Insurance Company announced on Tuesday that its wholly-owned subsidiary has purchased Assurance Aubin Insurance Brokers Ltd. The brokerage’s portfolio includes personal and commercial insurance policies, The Co-operators said in a press release. Assurance Aubin has locations in Hearst,…
Toronto-based Moore-McLean Insurance Group acquires Hallmark Insurance Group of Companies of Markham, Ont.
October 28, 2016 by Canadian UnderwriterToronto-based Moore-McLean Insurance Group Ltd. announced on Friday that it has acquired the assets of Markham, Ont.-based Hallmark Insurance Group and its family of companies. Beginning Oct. 28, they will form McLean Hallmark Insurance Group Ltd., and McLean Hallmark Financial…
Insurance industry moving too slowly, must keep pace: Forgeron
October 25, 2016 by Angela Stelmakowich, EditorCanada’s property and casualty industry – in need of a regulatory environment that fosters the innovation and responsiveness consumers are demanding – is at risk of losing pace to new competitors, Don Forgeron, president and CEO of Insurance Bureau of…