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News InsuranceLegal

When keeping customer’s car keys is not “custody” of a car

October 21, 2018 by Greg Meckbach

Northbridge has to pay out on a hotel’s liability insurance policy resulting from theft of a guest’s car, the Supreme Court of Canada ruled in a decision released Friday. Lombard, now known as Northbridge, provided both property and liability insurance

News InsuranceProfessional DevelopmentTechnology

2018 Outlook: Silvy Wright, President, CEO Northbridge Financial Corporation

January 3, 2018 Silvy Wright

With digital innovation, customers are extracting more value from their insurance partners — and this will only continue to ramp up in 2018. Insurtech startups raised $985 million in 2017 Q2 alone; investments in startups have increased by 36% over

News InsuranceMarkets / CoveragesProfessional Development

Northbridge offers lead generation to broker members of Canadian Federation of Independent Business

November 10, 2017 by Canadian Underwriter

Brokers who are members of the Canadian Federation of Independent Business can be matched with small businesses requesting quotes for property and liability coverage, Northbridge Insurance suggested Friday. A recently-announced partnership between Northbridge and CFIB “connects participating brokers with prospective

News Earnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Gross written premiums up 9.7% for Northbridge

August 8, 2017 by Canadian Underwriter

Northbridge Insurance had a 0.3-point in its second-quarter combined ratio, from 100% last year to 99.7% this year, while OdysseyRe’s combined ratio improved 3.9 points, the insurers’ parent firm, Fairfax Financial Holdings Ltd., reported recently. Toronto-based Northbridge Insurance had an

News InsuranceLegislation / RegulationMergers and AqcuisitionsReinsurance

Fairfax-Allied merger offer expires Friday night

June 28, 2017 by Canadian Underwriter

Shareholders of commercial insurer and reinsurer Allied World Assurance Company Holdings AG are being urged to accept the offer from Toronto-based Fairfax Financial Holdings Limited to buy Allied World shares because the merger agreement initially announced a week before Christmas

News Insurance

Fairfax agrees to reduce holdings in insurance joint venture with ICICI Bank

June 1, 2017 by Canadian Underwriter

Fairfax Financial Holdings Ltd. has agreed to reduce its holdings in Mumbai, India-based insurer ICICI Lombard General Insurance Company Ltd., a joint venture between ICICI Bank and Toronto-based Fairfax. In its annual report for 2016, released in April, Fairfax reported

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Allied World acquisition would allow ‘further diversification’ of Fairfax’s insurance business: A.M. Best

December 21, 2016 by Canadian Underwriter

The corporate parent of Toronto-based Northbridge Insurance “should benefit from further diversification of its business” if it acquires commercial insurer and reinsurer Allied World Assurance Company Holdings AG, A.M. Best Company Inc. has suggested. Fairfax Financial Holdings Ltd. – which

News ConstructionInsuranceMergers and Aqcuisitions

Disputed course of construction claim involving LEG exclusion remanded back to B.C. appeal court

October 25, 2016 by Canadian Underwriter

A disputed $14.5-million claim on a course of construction policy, arising from an incident when concrete slabs over-deflected during the building of a hospital addition, was recently remanded by the Supreme Court of Canada to the British Columbia Court of

Feature InsuranceLegalMergers and Aqcuisitions

Builder’s Risk

October 1, 2016 Timothy McGurrin, Partner, Miller Thomson

In light of a recent Supreme Court of Canada ruling on a builder’s risk policy, insurers can anticipate that court decisions involving disputes over standard form insurance contracts are more likely to be appealed.

News InsuranceMergers and AqcuisitionsTechnology

Pokémon Go risks include distracted driving, exposure of confidential data: Northbridge

August 24, 2016 by Canadian Underwriter

Northbridge Insurance recently warned of several risks arising from the Pokémon Go computer game, including exposure of confidential information, liability exposure and distracted driving. “Augmented reality games usually require your GPS location and a data connection (either WiFi or cellular