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Q2 commission, fee growth flat at Willis Towers Watson
August 4, 2017 by Canadian UnderwriterWillis Towers Watson plc reported Thursday its commissions and fees from corporate risk and broking were $624 million during the three months ending June 30, a slight drop from $627 million during the same period in 2016. “North America organic…
Arthur J. Gallagher gains presence in Quebec with acquisition of GPL Assurance Inc.
August 4, 2017 by Canadian UnderwriterArthur J. Gallagher (AJG) announced late Thursday that it has “extended its investment in Canada and further diversified it geographic presence” with the acquisition of retail insurance broker GPL Assurance Inc. in Quebec. Terms of the transaction were not disclosed. Established…
Artificial intelligence saw record high investments in Canada in past five years: report
July 26, 2017 by Canadian UnderwriterArtificial Intelligence (AI) attracted US$162 million in investments across 12 deals in the first half of 2017, the highest amount of funding in Canada in the past five years, according to the quarterly MoneyTree Canada Report from PwC Canada and…
Lack of safety management systems found in “numerous” marine, aviation accident investigations: TSB
July 24, 2017 by Canadian UnderwriterFifteen years after four passengers drowned in an accident aboard an amphibious sightseeing vehicle across the Ottawa River from the nation’s capital, the Transportation Safety Board of Canada warned Thursday that there has “been only limited progress” on expanding the…
Stilling quake risk in eastern Canada demands greater focus, awareness and effort: Swiss Re
July 11, 2017 by Angela StelmakowichRisk awareness is severely lacking and not enough attention is being paid to quake risk in eastern Canada, a region with “huge” loss-inflicting potential that a Swiss Re model projects could produce the country’s largest nat-Cat loss ever if the…
CEP Forensic and Sintra Engineering merge to create “Canada’s largest forensic engineering firm”
July 4, 2017 by Canadian UnderwriterCEP Forensic Inc. and Sintra Engineering Inc., eastern and western Canadian forensic engineering providers, have announced a merger to create what they are calling the country’s largest forensic engineering firm. The newly created entity, CEP-Sintra, will have close to one…
François Dagneau appointed CEO of Canadian branch of Arch Reinsurance Company
June 16, 2017 by Canadian UnderwriterArch Reinsurance Company announced on Friday that François Dagneau will be appointed to the position of chief executive officer of its Canadian branch this month. Dagneau will replace Patrick McGuiness, who is retiring from Arch, the company said in a…
TSB reiterates call for 300-metre runway end safety areas
May 17, 2017 by Canadian UnderwriterThe Transportation Safety Board of Canada reiterated Tuesday a warning that airplane passengers and crew are at risk of injury because not all Code 4 runways at Canadian airports have a 300-metre runway end safety area. TSB – a separate…
Too early to confirm costs from flooding in B.C., Ontario, Quebec and Maritimes: Aon
May 11, 2017 by Canadian UnderwriterPersistent recent heavy rainfall falling across several Canadian provinces has led to increasingly rising rivers, streams and lakes this week, as communities “raced to protect from water inundation,” Impact Forecasting said on Thursday in an Aon cat alert. Financial losses…
Quebec says high water levels across province to peak by Wednesday
May 8, 2017 The Canadian PressMONTREAL – Quebec’s public security minister is saying water levels across the province are expected to peak between today and Wednesday. Martin Coiteux says authorities expect the water to start receding by mid-week. Heavy rains and melting snowpack across Quebec…
Mobile earthquake simulator to visit Quebec in May and June
May 3, 2017 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is inviting Quebecers to experience the Quake Cottage, a mobile earthquake simulator, this month and next. As part of its earthquake preparedness campaign, IBC will be touring Quebec cities and shopping centres from La…
Quebec motorists apply for class action status in lawsuit against government arising from snow storm
March 17, 2017 THE CANADIAN PRESSMONTREAL – Lawyers on behalf of motorists left stranded in their cars on a highway after Tuesday’s snowstorm applied on Thursday for a class action lawsuit against the Quebec government and City of Montreal. Plaintiffs are seeking $2,000 for each…