Canadian Underwriter

Keyword
London

News AdjustersClaims

The impact of east London disaster on the P&C industry

August 22, 2019 by Greg Meckbach

Ten London, Ont. properties have “substantial” damage as a result of last week’s gas explosion, though it does not appear to be a major loss for Canada’s property and casualty industry as a whole. About twelve minutes after a vehicle

News CatastrophesInsuranceReinsurance

Combined ratio down 5.9 points, P&C reinsurance premiums down 8% for Munich Re

August 11, 2017 by Canadian Underwriter

Munich Re reported Wednesday a combined ratio of 93.9% in reinsurance in the three months ending June 30, down 5.9 points from 99.8% in the same period in 2016, when the German reinsurer had natural catastrophe claims costs of €335

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Beazley launches environmental coverage in Canada

July 19, 2017 by Canadian Underwriter

Beazley has launched its local environmental coverage in Canada with a product suite tailored to the specific market. The suite includes the ECLIPSE (fixed site) form, the ENVIRO (contractors’ pollution legal liability) form and the BeazleyOne (combined) form. Limits are

News AssociationsInsuranceMarkets / CoveragesMergers and AqcuisitionsProducts

Specialist Lloyd’s broker now providing regional Canadian brokers with direct access to London liability insurance market

June 29, 2017 by Canadian Underwriter

Servca, the independent international specialist Lloyd’s broker, announced on Thursday that is has expanded its global footprint into Canada. Servca now provides regional Canadian brokers with direct access to Lloyd’s of London specialist products, schemes and carriers, “catering for non-standard

News InsuranceMarkets / CoveragesProductsTechnology

The Bitfury Group and Risk Cooperative partner to pioneer blockchain applications in insurance intermediation market

June 19, 2017 by Canadian Underwriter

Blockchain technology company The Bitfury Group and risk and insurance advisory firm Risk Cooperative have announced a strategic partnership to pioneer blockchain applications in the US$60 billion insurance intermediation market. Announced on Friday, the partnership will leverage Bitfury’s expertise in

News CatastrophesConstructionInsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Canadian building standards meant to guard against fires like London blaze

June 16, 2017 Michelle McQuigge - THE CANADIAN PRESS

TORONTO – Canadian building standards should theoretically prevent the sort of blaze that engulfed a London apartment tower earlier this week, but at least one expert says flouting those regulations can put people in serious danger. Exterior panelling known as

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Cladding may have helped spread London high rise fire, experts say

June 15, 2017 Gregory Katz - THE ASSOCIATED PRESS

LONDON – The official cause may not be known for months. The death toll is unclear – and rising. No one has said exactly where the fire started. But experts suspect recent renovations at the Grenfell Tower, including newly installed

News InsuranceMergers and AqcuisitionsProfessional DevelopmentTechnology

Insurance industry will be “profoundly disrupted” by technological change, global forum hears

June 15, 2017 by Canadian Underwriter

The insurance industry will be profoundly disrupted by technological change, Vincent J. Dowling, Jr., managing partner of Dowling & Partners Securities LLC, told attendees at Marsh & McLennan Companies, Inc. (MMC)’s Young Professionals’ Global Forum 2017 in London, U.K. on

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

AIG, IBM and Standard Chartered Bank pilot “first multinational insurance policy powered by blockchain”

June 15, 2017 by Canadian Underwriter

American International Group Inc. (AIG), IBM and Standard Chartered Bank plc announced on Thursday that they have successfully piloted what they are calling the “first multinational ‘smart contract’ based insurance policy using blockchain.” Working together, AIG, IBM and international banking

News CatastrophesInsuranceMarkets / Coverages

Six killed, 74 injured in massive London, U.K. high rise blaze

June 14, 2017 Gregory Katz and Danica Kirka - THE ASSOCIATED PRESS

LONDON – A deadly overnight fire raced through a 24-story apartment tower in London on Wednesday, killing at least six people and injuring 74 others. One desperate woman threw a baby out of a high window and a man on

News InsuranceMarkets / Coverages

Chubb increases insurance capacity for terrorism, political risk

June 13, 2017 by Canadian Underwriter

Chubb Limited announced Monday it will offer “new increased capacity,” up to US$150 million or 150 million euros, covering terrorism political risk and war risks. “Chubb has increased its terrorism and political violence capacity per account by 300% in the

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

ICLR to host webinar on effects of hail on vehicles

May 29, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will host a webinar next month on the effects of hail on vehicles. The Hail Impacts on Automobiles: A state-of-the-art-review webinar will be held on June 16 from 10 a.m. to 11:30 a.m.