Keyword
Canada
Echelon Financial Holdings Inc. sees lower net income for 2016 full-year, Q4 over prior-year periods
February 17, 2017 by Canadian UnderwriterIt was a mixed bag for Echelon Financial Holdings Inc. (EFH) in the fourth quarter of 2016, with strong commercial lines results and lower personal lines results combining to contribute to a 70% drop in net income to about $2.6…
Most Canadian IT professionals report some security solutions “outdated and inadequate”: study
February 14, 2017 by Canadian UnderwriterMost IT professionals in Canada (73%) feel strongly that some of their security solutions are outdated and inadequate, according to the Canadian results of a global study released last week. The Need for a New IT Security Architecture: Global Study…
Beazley launches entertainment, media liability coverages in Canada
February 13, 2017 by Canadian UnderwriterUnited Kingdom-based specialist insurer Beazley plans to expand the range of products available through its newly acquired Canadian operations with Monday’s announcement that it will offer television and film producers errors and omissions (E&O) coverage, as well as media liability…
IT decision makers, C-suite executives each believe the other is responsible for cyber breaches: study
February 10, 2017 by Canadian UnderwriterIT decision makers and C-suite executives each believe the other is responsible in the event of a cyber breach, according to new research from BAE Systems, a provider of technology defence, aerospace and security solutions. According to BAE Systems’ 2017…
Number, sophistication and severity of cyberattacks on Canadian companies on the rise: study
February 9, 2017 by Canadian UnderwriterThe number, sophistication and severity of cyberattacks on companies in Canada are each on the rise, with the average number of reported cyberattacks rising to 44 attacks per year, according to the findings of a new study. Scalar Decisions Inc.…
Canadian auto sales to edge down in 2017: Scotiabank
February 7, 2017 by Canadian UnderwriterCanadian auto sales are expected to edge down to 1.94 million units in 2017, coming off four consecutive record years, according to the Scotiabank Global Auto Report, released on Tuesday. Despite the beginning of a sales recovery in the resource-rich…
Beazley expanding presence in Canada with acquisition of Creechurch Underwriters
February 6, 2017 by Canadian UnderwriterLondon-based Beazley announced Monday it is expanding its presence in Canada with the acquisition of specialist managing general agent (MGA) Creechurch Underwriters, and has plans to enhance existing covers and launch new products. Creechurch Underwriter’s current team, led by its…
2016 sees highest-ever catastrophe insured losses, hail has impact: Rennie
February 1, 2017 by Angela Stelmakowich2016 was a year of records: the largest catastrophe-related insured losses in Canada’s history, the biggest loss for a single Cat and the most hail events in the month of July, Carolyn Rennie, managing director of Catastrophe Indices and Quantification…
Insurance agency M&A in Canada and U.S. in 2016 second-highest recorded: study
February 1, 2017 by Canadian UnderwriterMergers and acquisitions (M&A) of insurance agencies last year were the second-highest ever in 2016 at 449 deals in Canada and the United States, a slight dip from the all-time record of 456 in 2015, according to OPTIS Partners’ annual…
Aviva Canada launches homesharing insurance coverage across Canada
February 1, 2017 by Canadian UnderwriterAviva Canada has announced that it is offering insurance coverage for homesharing across Canada, starting Feb. 1. Aviva Canada said in a statement on Wednesday that it is offering hosts two homeshare coverage options that can be tailored to meeting…
Chubb expands Signature Suite to personal insurance customers in Canada
January 31, 2017 by Canadian UnderwriterChubb Insurance Company of Canada announced on Tuesday that it has expanded its Signature Suite to personal insurance customers in Canada. Chubb said in a press release on Tuesday that it has launched an array of complimentary services for its…
Intact must help defend pollution lawsuit due to exception in exclusion for “sudden and accidental” release
January 23, 2017 by Canadian UnderwriterIntact Insurance must participate in the defence of a lessee of commercial property – on a Grimsby, Ont. site formerly occupied by a gas station – which is being sued by a neighbouring property owner alleging that contaminants migrated to…