Canadian Underwriter

Keyword
Canada

News InsuranceMergers and Aqcuisitions

Wawanesa subsidiary acquires Western Financial Group

November 5, 2017 by Canadian Underwriter

Trimont Financial Ltd., a subsidiary of the Wawanesa Mutual Insurance Company, announced on Wednesday the formal closing of its previously announced agreement to purchase Western Financial Group and Western Life Assurance (collectively “Western”) from Desjardins Financial Corporation, a Desjardins Group

News ClaimsConstructionInsuranceMarkets / CoveragesProducts

BHSI unveils new offering, follow form for U.S. and Canadian contractors

November 1, 2017 by Canadian Underwriter

Boston-based Berkshire Hathaway Specialty Insurance (BHSI) has announced the availability of a single excess policy that sits atop multiple first- and third-party insurance policies for contractors in the United States and Canada. The new policy provides excess follow form protection

News CatastrophesClaimsClimate ChangeInsurance

Hurricanes look to be increasing, drivers of higher related losses less prominent in Canada than in U.S.: AGCS

October 30, 2017 by Angela Stelmakowich

Lower population increase and development in coastal areas of Canada compared to the United States will likely help ensure losses are less likely to increase, suggests Andrew Higgins, technical manager – Americas for Allianz Risk Consulting, LLC. “Certainly, sea level

News InsuranceMergers and Aqcuisitions

Continuing fast pace for insurance M&A in U.S., Canada: OPTIS

October 20, 2017 by Canadian Underwriter

Sellers seem to be enthusiastically responding as buyers continue the aggressive valuations of p&c and employee benefits agencies, with OPTIS Partners reporting Thursday there were 132 deals inked during 2017 Q3, bringing the year-to-date total to 457. Chicago-based OPTIS Partners’

News AnnouncementsInsuranceMarkets / CoveragesProducts

Starr Companies offers commercial primary auto coverages in Canada

October 11, 2017 by Canadian Underwriter

U.S.-based Starr Companies is looking to further support its primary general liability accounts with the announcement that it has introduced commercial primary auto coverage in all provinces and territories across Canada. Beyond better supporting its primary general liability accounts, “this

News ClaimsInsuranceMarkets / CoveragesTechnology

Endeavour launches cyber facility, cyber protection becoming key to risk management

October 10, 2017 by Canadian Underwriter

Endeavour Insurance Services is looking to facilitate easier management of risks in the small-medium enterprise (SME) cyber space – while also supporting MGAs, brokers and clients in the U.S. and Canada – with the launch of a new technology and

News InsuranceTechnology

Utilities cautioned to act now to strengthen their cyber security defences: Accenture

October 5, 2017 by Canadian Underwriter

Unprepared distribution utilities are urged to immediately begin improving their cyber security capabilities given the anticipated future hike in cyber attacks and the fact that most recently polled utility executives say such an attack could interrupt electricity supply, Accenture suggests

News InsuranceProductsTechnology

Turo launches car-sharing marketplace in B.C., partners with car rental entrepreneurs

October 3, 2017 by Canadian Underwriter

Turo, which connects local car owners with travellers looking for adventure and in need of a vehicle, has expanded its car-sharing marketplace into British Columbia. To address provincial insurance regulations, the company has structured the expansion by partnering with local,

News CatastrophesClaimsClimate ChangeMergers and Aqcuisitions

Standard would help enhance flood resilience of new communities: report

September 26, 2017 by Angela Stelmakowich

Research out of the University of Waterloo recommends a Canadian standard for new flood-resilient residential communities, one that employs almost two dozen best practices, be developed to bolster protection and reduce water-related losses. Requiring that new homes not be built

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProducts

Allied World revises Executive ForceField product for Canadian market

September 12, 2017 by Canadian Underwriter

Allied World Assurance Company Holdings, GmbH (AWAC) has enhanced its Executive ForceField Side A, Lead Difference in Conditions (DIC) product with “Canadian-specific enhancements,” the company has reported. The revised policy, available to companies throughout Canada, was announced in a press

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and AqcuisitionsTechnology

Equifax says U.S.-focused theft of data touched ‘certain’ Canadian residents

September 8, 2017 The Canadian Press (CPSTF)

TORONTO – Credit monitoring company Equifax says that it will work with regulators in Canada and the United Kingdom to determine the appropriate steps following a lapse in cyber security that’s affecting about 143 million people in the United States.

News CatastrophesInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

“Notable shift” in North American perils is inclusion of Canada in covered areas of cat bonds: Aon Securities

September 7, 2017 by Canadian Underwriter

Catastrophe bond issuance in the 12 months ending June 30, 2017, reached a historic US$11.3 billion, nearly US$2 billion larger than the previous all-time record, Aon Securities said in a new report. Aon Securities, the investment banking division of global