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Speakers weigh in on contentious topic of insurers with “broker arm interrupters”

March 1, 2017 Jason Contant, Online Editor

If an insurer can offer brokers more products, assistance and their brand is recognized by clients, “there is some value there,” Jeff Roy, CEO of Excalibur Insurance Group, suggested on Wednesday at the Insurance-Canada.ca Broker Forum, held at the Allstream

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMarkets / CoveragesTechnology

RSA Canada posts solid underwriting profit despite nat-Cat events in 2016

February 24, 2017 by Angela Stelmakowich

RSA Canada witnessed increased underwriting profit and a solid combined ratio for 2016 despite what can only be described as a challenging year that featured Canada’s most costly insurable nat-Cat ever and a host of other adverse weather events. “We’re

News AppointmentsInsurance

Mike Robinson named chairman of Canadian Broker Network

February 23, 2017 by Canadian Underwriter

Mike Robinson, president and CEO of PBL Insurance Limited, has been named chairman of the Canadian Broker Network (CBN), a network of independent insurance brokers. Robinson takes the reins from Tim Miller, president of Capri Insurance Services, who as chairman,

News InsuranceLegalMergers and AqcuisitionsTechnology

Chubb expands global cyber facility with multi-line peril endorsements

February 14, 2017 by Canadian Underwriter

Chubb has announced the availability of new property and casualty endorsements for its Global Cyber Facility aimed at helping risk managers and chief information security officers (CISOs) address exposure gaps in their organizations’ insurance portfolios and best respond to C-suite

News Climate ChangeInsuranceMergers and AqcuisitionsTechnology

Commonwell Mutual Insurance Group offers new flood policy endorsement for Ontario homeowners

February 13, 2017 by Canadian Underwriter

Commonwell Mutual Insurance Group has a new policy endorsement that uses geo-coding to provide Ontario homeowners in low- and medium-risk zones with protection against property damage from flooding, surface water and sewer back-up caused by flood events. Starting Feb. 13,

News CatastrophesClimate ChangeInsuranceMergers and AqcuisitionsReinsuranceTechnology

Thinking outside the box key to keeping p&c industry relevant, responsive: Cook

January 12, 2017 by Angela Stelmakowich

Those in Canada’s property and casualty insurance industry must think outside the box and understand the importance of coupling new products with new delivery methods to meet ever-increasing and ever-changing customer expectations, Philip Cook, CEO of Omega Insurance Holdings Inc.,

News AssociationsInsurance

Traci Boland assumes role as 2017 president of the Insurance Brokers Association of Ontario

January 12, 2017 by Canadian Underwriter

Traci Boland has formally assumed her position as president of the Insurance Brokers Association of Ontario (IBAO) as of Jan. 1, the association noted in a press release on Thursday. “It’s a privilege to serve as president of our provincial

News InsuranceMergers and Aqcuisitions

Chelsea Avondale acquires Max Canada’s Canadian operations

December 5, 2016 by Canadian Underwriter

Chelsea Avondale has acquired MAX Canada Insurance Company, which will continue to serve faith-based and Anabaptist communities under its existing name. Closing Nov. 30, the purchase included the acquisition of all MAX Canada-related operations in Canada, including Mutual Aid Insurance

News InsuranceMarkets / Coverages

U.S. insurance broker profitability to persist in 2017, be supplemented by organic revenue growth: Fitch

December 2, 2016 by Canadian Underwriter

Fitch Ratings expects insurance broker earnings and revenue south of the border to likely to modestly improve in 2017 compared to the first nine months of 2016. “In 2017, Fitch expects brokers will continue to supplement organic revenue growth through

News InsuranceMergers and AqcuisitionsTechnology

Unexpected threats should be a concern to SMEs in U.K.: RSA

December 2, 2016 by Canadian Underwriter

More than a quarter of polled small and medium-sized enterprises (SMEs) in the United Kingdom reported being hit with an unexpected £50,000 bill would put them out of business, notes a new report released this week by RSA. And while

News InsuranceMergers and Aqcuisitions

Aviva Canada launches cross-border insurance solution for Canadian domiciled companies

November 24, 2016 by Canadian Underwriter

Aviva Canada has launched a cross-border insurance solution for Canadian domiciled companies with assets, exposures or plated vehicles in the United States. On Thursday, the insurer announced the solution for Canadian domiciled companies that have physical assets, exposures or plated

News InsuranceTechnology

Making things fast, simple and transparent important for Millennials: speaker

November 15, 2016 by Angela Stelmakowich

Providers dealing with Millennials must have a clear value proposition and understand the importance of communicating in a way that is most comfortable for their clients, David Nugent, WealthSimple’s portfolio manager and chief compliance officer, suggested Monday during an event