Keyword
Lloyd's
Expanding Choice
October 2, 2019 Jason Contant, Online EditorIt’s a ‘Kodak moment’ for Canadian brokers seeking to expand consumer choice in a tightening market, says Nigel Roberts, head of distribution at AEGIS London. Here’s how to brighten the picture
This is how hard the Lloyd’s market has become
September 19, 2019 by Greg MeckbachInsurance rates on renewal are up nearly 4% in the Lloyd’s market, which has returned to profitability. “While market conditions generally remain at historically competitive levels, price increases have been witnessed across all major lines, most notably in property and…
Observations on cyber from Canadian Lloyd’s coverholder
July 15, 2019 by Greg MeckbachYour commercial clients may be able to get cyber insurance with fewer underwriting questions than in the past, but you should still pay close attention to those clients’ risk management practices, the head of a Toronto managing general agent suggests.…
Client duped by fraudster wins coverage dispute
July 8, 2019 by Greg MeckbachIf your client ships goods to someone who turns out to be a fraudster and never gets paid as a result, is this covered by all-risks commercial insurance? Lloyd’s Underwriters tried to argue one such loss is excluded, but the…
Fishing for marine capacity after Lloyd’s partial withdrawal
July 5, 2019 by Jason ContantMarine insurance, one of the “hot lines” in Canadian Underwriter’s forthcoming 2019 Stats Guide, is already falling on some leaner times. “Yes, absolutely,” replied Kent Rowe, vice president of Wedgwood Insurance Limited in St. John’s, Nfld., when asked if he…
How coverage for “idea misappropriation” landed this insurer in court
July 3, 2019 by Greg MeckbachCommercial coverage for advertising liability could be a little broader than some underwriters may think. In a decision rendered on a coverage dispute, British Columbia’s appeal court ruled on June 28 that Lloyd’s Underwriters has a duty to defend Blue…
This ‘leading practitioner’ in insurance law is now a judge
May 27, 2019 by Greg MeckbachCORRECTION NOTICE: In an earlier version of this story, Glen L.C. Noel was incorrectly identified as a lawyer representing Lloyd’s in Lawlor v. Royal. In fact, Noel represented Mary Lawlor in that case. Canadian Underwriter regrets the error. Glen L.C.…
London Calling
May 3, 2019 Jason Contant, Online EditorLloyd’s of London, Canada’s fourth-largest insurance provider, has sounded a discordant note lately, with shaky financial results emanating from Europe. How should Canadian brokers interpret the tune they are hearing from across the pond?
Judgement against Lloyd’s quashed in disputed claim over diamond eagle statue theft
April 8, 2019 THE CANADIAN PRESSVANCOUVER – A protracted court battle over a gold, diamond-studded eagle statue has landed in favour of a major insurance company, which will now be allowed to challenge a claim over the treasure that was allegedly stolen in the Vancouver…
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…
These Lloyd’s syndicates have shut down
March 27, 2019 by Greg MeckbachToronto-based Fairfax Financial Holdings is among the insurers who own Lloyd’s syndicates that were shut down at the end of 2018. The Corporation of Lloyd’s released Wednesday a list of the eight syndicates that stopped trading as of Dec. 31.…
How this broker is binding Lloyd’s policies online
March 19, 2019 by Greg MeckbachA Calgary-based Lloyd’s coverholder has re-launched its website to make it easier for brokers to bind policies for special events without having to deal with a lot of paper forms. PAL Insurance Brokers Canada Ltd. has allowed clients to apply…