Canadian Underwriter

Keyword
Lloyd's


News Markets / Coverages

Should Canada reconsider how it finances wildfire suppression?

August 13, 2018 by Jason Contant

As hundreds of wildfires burn across British Columbia, one disaster mitigation expert is recommending that Canada reconsiders how it finances fire suppression costs. Last year, B.C. alone paid out more than $560 million in fire suppression costs, and it is

News InsuranceLegal

Supreme Court to determine fate of Lloyd’s payment in $5.6-million shipping loss

July 19, 2018 by Greg Meckbach

The Supreme Court of Canada has agreed to hear a dispute that will determine whether a Lloyd’s insurer may recover some of the claim money it paid out arising from a $5.6-million cargo ship loss on the St. Lawrence River.

News BrokersInsurance

How Canadian brokers can cut out the ‘middleman’ – the insurers

July 17, 2018 by David Gambrill

Canadian insurance brokerages have already made inquiries to an Estonian-based insurance company that is working on a revolutionary blockchain distribution model. Black Insurance is setting its sights on cutting out the “intermediaries” in the insurance sales process – the insurance

News ClaimsConstructionInsuranceLegal

Court finds coverage for subcontractors when broad policy provision included by accident

July 5, 2018 by David Gambrill

A B.C. court has found that a design-build contractor and an architectural and engineering firm are both entitled to coverage under a Lloyd’s Underwriters policy that included a broad provision to insure “any firm(s)” providing “professional services” to a B.C.

News AppointmentsProfessional Development

Meet the rare insurance professional who deliberately pursued a career in the P&C industry

April 3, 2018 by Jason Contant

Carrie Trudeau has officially started her new position as vice president of claims for Canada with Lloyd’s managing agent AEGIS (Associated Electric & Gas Insurance Services Limited), bringing 18 years of experience in the Canadian insurance market to the role.

News Earnings / RatingsInsurance

Insurer losses not yet translating into property price hikes: broker

March 24, 2018 by Greg Meckbach

Brokers expecting to see price hikes in property lines after last year’s devastating hurricanes may have good news for clients, at least in the short term. “Long term, all of the carriers will need to increase pricing and they would

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

AIG re-enters Lloyd’s business with $5.56-billion deal

January 23, 2018 by Greg Meckbach

Less than two years after Canada Pension Plan Investment Board bought Lloyd’s underwriter Ascot Underwriting from American International Group Inc. (AIG), AIG plans to get back into the Lloyd’s business again. AIG announced Monday a US$5.56-billion agreement to acquire Validus

Greg Meckbach, Associate Editor
Feature Markets / Coverages

Thinking the Unthinkable

November 14, 2017 Greg Meckbach, Associate Editor

Brokers who watched the final panel of insurance chief executive officers (CEOs), at the recent RIMS Canada’s annual conference, would have heard that the Corporation of Lloyd’s perceives terrorism and nuclear incidents as two of today’s “top four” man-made threats.

News CatastrophesClaimsEarnings / RatingsInsuranceReinsurance

Hurricanes expected to deliver 1.4 billion euro hit to Munich Re in third quarter, total tally estimated at 2.7 billion euros

October 26, 2017 by Canadian Underwriter

Exceptional major-loss expenditure related to hurricanes Harvey, Irma and Maria (HIM) are expected to result in Munich Re posting a loss of 1.4 billion euros in 2017 Q3, reducing the (re)insurer’s previously anticipated full-year profit. Emphasizing that current estimates “are

News InsuranceMarkets / CoveragesReinsurance

Analyzing near misses can help with capacity management, capital calibration: RMS, Lloyd’s

October 23, 2017 by Canadian Underwriter

Insurers and reinsurers can benefit by considering how near misses – such as an incident three months ago when an Air Canada Airbus A320 nearly landed on a taxiway with four passenger jets – might have become major disasters, Risk

News CatastrophesClaimsInsuranceMarkets / CoveragesReinsurance

Lloyd’s reports already paying US$738 million for Hurricanes Harvey, Irma and Maria

October 13, 2017 by Canadian Underwriter

The Lloyd’s market has now paid almost three quarters of a billion dollars (US$738 million) in response to Hurricanes Harvey, Irma and Maria, the world’s specialist insurance market said on Thursday. “When you get three catastrophic weather events as well

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