Keyword
mutual insurance
Retiring CAMIC president reflects on the mutuals’ biggest issues over three decades
August 14, 2020 by Jason ContantAfter nearly three decades as the head of Canada’s national mutual insurance association, Normand Lafreniere, who announced his retirement recently, talked to Canadian Underwriter about his work on three major files — income tax reductions, demutualization, and limiting banks’ and…
Top 10 things to learn about mutuals
April 26, 2018 by David GambrillAfter working for 22 years at large and/or publicly-traded insurance companies such as Intact Financial Corporation, Economical Insurance and Aviva Canada, Chris Hibbs made the big move over to the mutual insurance side. A mutual insurance company is owned entirely…
Proposal to eliminate farm insurers’ tax exemption before Senate
June 21, 2017 by Canadian UnderwriterAn omnibus bill that proposes to eliminate the tax exemption for insurers covering farming and fishing properties has been referred to a Senate committee. Currently, Section 149 of the federal Income Tax Act stipulates that an insurer is exempt from…
Ontario’s The Commonwell Mutual Insurance Group launches two seasonal homeowner products
September 22, 2016 by Canadian UnderwriterThe Commonwell Mutual Insurance Group announced on Thursday that it has launched two new seasonal products to enhance its current cottage packages. The Commonwell’s latest product releases were created in response to evolving cottage markets across Ontario, said The Commonwell,…
Mutual insurers seeing revival in recent years: Swiss Re sigma report
August 2, 2016 by Canadian UnderwriterMutual insurers’ share of the overall insurance market increased from 24% of direct premiums written in 2007 to just over 26% in 2014, reversing some of the declines of previous decades, according to Swiss Re’s latest sigma report. Released on…
Port in a Storm
June 1, 2016 Tracy MacDonald, Vice President, Corporate Services, Trillium Mutual Insurance CompanyFarm portals are an example of an underserved market. Although the number of farms has declined, with the right investment in technology, including in portals, the farm insurance business holds considerable promise for mutual and general insurers alike.
Overland flood coverage currently top product development priority: OMIA CEO
March 31, 2016 Angela Stelmakowich, EditorWith the increased risk appetite for new or expanded products among mutual insurers, overland flood coverage is the number one product development priority, John Taylor, president and CEO of the Ontario Mutual Insurance Association (OMIA), said Thursday during its Annual…