Keyword
Commercial
What brokers and carriers want of each other in the hard market
December 3, 2019 by Jason ContantIt would appear that brokers and carriers want each other to “take on a little bit more,” in this hardening market, attendees to Insurance Bureau of Canada’s first-ever Commercial Insurance Symposium heard last week. Carriers want assistance in general underwriting,…
How commercial brokers and carriers are dealing with the war for talent
November 29, 2019 by Jason ContantCommercial brokerages are looking at non-traditional approaches, particularly around technology, to attract and build producer talent, speakers said Thursday at Insurance Bureau of Canada’s inaugural Commercial Insurance Symposium in Toronto. “We’re seeing some commercial brokerages put increasing emphasis on [non-traditional…
What’s coming to the forefront of commercial insurance
November 27, 2019 by Greg MeckbachHow do you insure intangible assets like intellectual property or data on the cloud? If you are not thinking about this now, you could be in a few years, insurance company executives told brokers attending Canadian Underwriter‘s Top Broker Summit…
Commercial lines that will see the greatest rate increases in 2020
November 16, 2019 by Jason ContantCommercial property, umbrella, and public company directors and officers (D&O) lines are expected to see the most widespread rate hikes of 20% and higher, in addition to capacity withdrawals, according to Willis Towers Watson’s Insurance Marketplace Realities 2020 report. The…
Small business auto clients are taking this complaint to their politicians
November 8, 2019 by Greg MeckbachCommercial trucking underwriting rules are killing some small businesses, Ontario’s deputy opposition leader told Canadian Underwriter Friday. John Vanthof, MPP for Timiskaming—Cochrane, is hearing from family-owned businesses that they are not able to find affordable insurance for newly trained and…
New commercial lines senior VP for Canada’s largest P&C insurer
September 19, 2019 by Greg MeckbachIntact Financial Corp. announced Thursday that Darren Godfrey will become Intact Financial Corp.’s senior vice president, commercial lines on Jan. 1. Godfrey, currently senior VP of personal lines, will replace Alain Lessard, who retires at the end of the year.…
The state of insurers’ risk appetite one year after pot legalization
September 12, 2019 by Greg MeckbachBusiness clients in the cannabis industry are having a hard time finding some insurance coverages, A.M. Best Company Inc. warned in a report released Thursday. “Coverage available to canna-business owners remains in short supply,” A.M. Best said in its annual…
Aviva Canada takes the plunge into cross-border business
September 4, 2019 by Adam MalikWith the introduction of its new Global Corporate and Specialty (GCS) team, Aviva Canada is setting its sights on Canadian companies doing cross-border business in the United States. The GCS team will offer coverage in five key areas: corporate risk,…
Making the most of a bad reputation
September 1, 2019 David Gambrill, Editor-in-ChiefAmplified by the speed and global breadth of social media, it takes seconds to shred a good corporate reputation. Corporate boards are worried. Can insurance help?
How Economical returned to profitability
August 19, 2019 by Greg MeckbachEditor’s Note: In an earlier version of this story, Canadian Underwriter incorrectly reported Economical Insurance’s net loss in 2017. Canadian Underwriter regrets the error. Commercial premiums for Economical Insurance are down more than 10%, but that does not mean prices…
New chief agent in Canada for Allianz Global Corporate & Specialty
July 16, 2019 by Greg MeckbachLinda Regner Dykeman is the new chief agent in Canada for German commercial insurer Allianz Global Corporate & Specialty SE. She replaces Ulrich Kadow, who is now global head of marine for Munich-based AGCS, which has offices in Toronto, Montreal…
What’s holding back Lloyd’s price increases
March 28, 2019 by Greg MeckbachProperty risk could get harder to place in the Lloyd’s market this year. “Difficult decisions regarding existing accounts, or indeed the appropriateness of new accounts, will continue to have to be made during 2019,” the Corporation of Lloyd’s said of…