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mutual insurance

News AssociationsInsuranceLegislation / Regulation

Retiring CAMIC president reflects on the mutuals’ biggest issues over three decades

August 14, 2020 by Jason Contant

After 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

News Insurance

Top 10 things to learn about mutuals

April 26, 2018 by David Gambrill

After 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

News InsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Proposal to eliminate farm insurers’ tax exemption before Senate

June 21, 2017 by Canadian Underwriter

An 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

News Insurance

Ontario’s The Commonwell Mutual Insurance Group launches two seasonal homeowner products

September 22, 2016 by Canadian Underwriter

The 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,

News AssociationsInsuranceLegislation / RegulationMarkets / CoveragesProfessional Development

Mutual insurers seeing revival in recent years: Swiss Re sigma report

August 2, 2016 by Canadian Underwriter

Mutual 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

Feature InsuranceMergers and Aqcuisitions

Port in a Storm

June 1, 2016 Tracy MacDonald, Vice President, Corporate Services, Trillium Mutual Insurance Company

Farm 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.

News AssociationsInsuranceMergers and Aqcuisitions

Overland flood coverage currently top product development priority: OMIA CEO

March 31, 2016 Angela Stelmakowich, Editor

With 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