Canadian Underwriter


News Insurance

Lloyd’s to launch insurance-based index in 2016

December 16, 2015 by Canadian Underwriter

Lloyd’s of London, the world’s specialist insurance and reinsurance market, announced on Wednesday that it plans to launch its own insurance-based index in the summer of 2016. Lloyd’s said in a statement that the release “would be the first index

News Insurance

Shareholders approve merger of Willis Group, Towers Watson

December 11, 2015 by Canadian Underwriter

Shareholders of commercial insurance brokerage Willis Group Holdings plc and consulting firm Towers Watson & Co. have approved a US$18-billion merger agreement, the firms announced Friday. “The companies expect that the transaction will close very early in the New Year,

News Insurance

Smaller North American brokerages outperform larger ones in overall satisfaction: J.D. Power study

December 10, 2015 by Canadian Underwriter

Smaller brokers outperform their large counterparts in overall satisfaction, according to the J.D. Power 2015 Large Commercial Insurance Study, released on Wednesday. The study, conducted in association with RIMS, the risk management society, also found that brokers that outperform their

News InsuranceMergers and Aqcuisitions

BrokerLink acquires three brokerages, enhances Ontario presence

December 4, 2015 by Canadian Underwriter

BrokerLink announced Friday that it has acquired three full-service insurance brokerages operating in Ontario – Northwest Insurance Group Inc., McGregor-Miller Insurance Brokers Ltd. and Gray Insurance Brokers Inc. The three brokerages, which have a total of nine offices, will be

News InsuranceMergers and Aqcuisitions

Aviva Canada announces grand prize winners of Aviva Community Fund competition

December 2, 2015 by Canadian Underwriter

Aviva Canada has announced the 15 grand prize winners of the $1 million Aviva Community Fund (ACF). Aviva Canada, a provider of home, auto, leisure/lifestyle and business insurance, announced the winners of Wednesday, one month after naming the 30 finalists.

11 Ben Isotta-Riches, members, board of directors, Centre for Study of Insurance Operations; chief information officer, Aviva Canada Inc.
Feature Mergers and Aqcuisitions

Moves and Views

December 1, 2015 by Canadian Underwriter

1 Serge Lavoie [1], former president and chief executive officer of Jevco Insurance Company, took on duties as president of the Canadian subsidiary, Echelon Financial Holdings Inc., as of December 1. Most recently Quebec president of GDI Integrated Facility Services,

News Insurance

CSIO certifies L’Unique for eDocs

November 24, 2015 by Canadian Underwriter

L’Unique General Insurance of Quebec City has obtained certification, for both commercial and personal lines, of the Centre for Study of Insurance Operations eDocs standard, CSIO announced Tuesday. With eDocs, CSIO aims to help brokers save time by allowing them

News Insurance

Towers Watson issues letter to stockholders urging support for Willis merger

November 23, 2015 by Canadian Underwriter

Global professional services company Towers Watson announced on Monday that it has issued a letter to stockholders urging them to support the merger with Willis Group Holdings. Last week, Willis announced that it had adjourned an Extraordinary General Meeting on

News Insurance

Meetings on proposed merger between Willis and Towers Watson adjourned until Friday

November 18, 2015 by Canadian Underwriter

Willis Group Holdings has announced that it has adjourned an Extraordinary General Meeting (EGM) on a proposed merger with Towers Watson that was scheduled for Wednesday until Friday at 9:30 a.m. EST. The decision was made as a result of

News InsuranceMergers and Aqcuisitions

CNA Financial appoints Dino Robusto as chairman and CEO; Thomas Motamed to retire at end of 2016

November 17, 2015 by Canadian Underwriter

CNA Financial Corporation announced on Monday the appointment of Dino E. Robusto as its chairman and chief executive officer effective “on or about Dec. 1, 2016.” Robusto will succeed Thomas F. Motamed, who has decided to retire at the end

News InsuranceLegalMergers and Aqcuisitions

City of Windsor, Ontario recommends council obtain consultant to review possibility of allowing Uber to operate in the city

November 16, 2015 by Canadian Underwriter

The City of Windsor in Ontario is recommending that its city council obtain an external consultant to review the possibility of allowing services like Uber to operate legally in the city. A statement from the city that was before council

News InsuranceMergers and Aqcuisitions

Echelon Insurance appoints Serge Lavoie to lead Canadian operations

November 13, 2015 by Canadian Underwriter

Echelon Financial Holdings Inc. announced on Friday that Serge Lavoie has resigned as director of the company and has been appointed president of its Canadian subsidiary. The effective date of the appointment is Dec. 1. Lavoie (pictured left) has extensive