Topic Insurers
2024 Executive Outlook | Nick Creatura, CNA Canada
December 21, 2023 by Canadian Underwriter StaffNick Creatura, President, CEO, CNA Canada The best indication of factors that will shape the 2024 Canadian P&C insurance landscape lies in today’s headlines. Market uncertainty evident in recent years persists. Principal drivers include the now-familiar macro trends of: Climate…
2024 Executive Outlook | Lisa Giannone, BFL Canada
December 20, 2023 by Canadian Underwriter StaffLisa Giannone, president, COO, BFL Canada If we thought 2023 was a year of uncertainty faced with challenges — including transitioning market cycles, inflationary effects on the supply chain, geopolitical risks, climate change-fuelled losses and increased cybersecurity threats — we…
2024 Executive Outlook | Louis Gagnon, Intact Financial Corporation
December 20, 2023 by Canadian Underwriter StaffLouis Gagnon, CEO, Canada, Intact Financial Corporation Canada’s property and casualty insurance industry must think in terms of decades, not quarters. We are here to support brokers and customers through all market cycles. The long-term horizon has never been more important, since…
2024 Executive Outlook | Christian Fournier, Beneva
December 20, 2023 by Canadian Underwriter StaffChristian Fournier, executive vice president and leader – property and casualty insurance, Beneva With inflation continuing to affect every citizen and organization, one could say 2024 will be the same as 2023. Consumers will be living on a tight personal…
2024 Executive Outlook | Shawn DeSantis, Navacord
December 20, 2023 by Canadian Underwriter StaffShawn DeSantis, president, CEO, Navacord It is clear 2024 will bring a new set of challenges, with several themes influencing the Canadian P&C insurance industry. The economic environment is evolving. Preparing our businesses and successfully managing through the implications of higher interest…
2024 Executive Outlook | Philomena Comerford, Baird MacGregor
December 19, 2023 by Canadian Underwriter StaffPhilomena Comerford, president, CEO, Baird MacGregor Technology will continue to change the way we work, presenting both productivity opportunities and oversight challenges for our industry and our workforce. Artificial intelligence (AI) has the potential to vastly improve our industry’s efficiency, allowing us…
2024 Executive Outlook | Abraham Baboujian, RRJ Insurance Group
December 19, 2023 by Canadian Underwriter StaffAbraham Baboujian, president/co-CEO, RRJ Insurance Group 2024 will see a sense of calm and maturity in our attempts to come to grips with three issues dominating the P&C landscape — cyber, digital/technology transformation, and climate change. Cyber will continue to make…
Introducing our 2024 Executive Outlook series
December 19, 2023 by David GambrillIn the 1942 classic film Casablanca, Ilsa Lund, played by Ingrid Bergman, urges the piano player Sam to play the song “As time goes by.” It’s a favourite tune she shares with the lead man in the film, Rick Blaine,…
The down low on D&O risk in 2024
December 18, 2023 by Alyssa DiSabatinoClients will benefit from competitive market pricing for directors and officers (D&O) insurance in 2024, but can expect underwriting discipline to return, says Allianz Commercial’s D&O insurance report. Of particular concern is inadequate responses by company directors and officers to…
How insurers can manage losses as NatCat events ramp up
December 18, 2023 by Philip PoradoWhatever’s driving increasingly devastating storms over the past decade, one thing is certain — insurers have watched NatCat losses ramp up over the past decade. “It used to be an unusual year where you’d have more than a billion dollars…
What the short-term rental crackdown means for home insurance
December 15, 2023 by David GambrillWith the federal government cracking down on short-term rentals, property and casualty insurance providers are urging clients who rent their properties short-term to contact them to verify whether or not they are covered for property damage or liability for third-party…
Intact Insurance names president
December 15, 2023 by Jason ContantIntact Financial Corporation (IFC) has appointed Anne Fortin as president of Intact Insurance, effective Jan. 1, 2024. In her new role, Fortin will have responsibility for the Quebec, West, Ontario and Atlantic divisions of Intact Insurance, the insurer said in…