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CFC launches revamped proposition for tech companies worldwide

October 24, 2017 by Canadian Underwriter

London-based CFC Underwriting is looking to beef up protection against the emerging risks that technology companies around the world face with the launch of a revamped insurance proposition. “The risks faced by tech businesses are changing as rapidly as technology

News InsuranceMarkets / CoveragesTechnology

Silent cyber a big issue, most companies with insurance book have exposure: AIR Worldwide’s Stransky

April 25, 2017 Angela Stelmakowich

PHILADELPHIA – Silence is decidedly not golden when it comes to cyber risk, Scott Stransky, assistant vice president and principal scientist for AIR Worldwide, suggested to Canadian Underwriter in advance of the RIMS 2017 Annual Conference & Exhibition. Silent cyber

News InsuranceMergers and AqcuisitionsReinsuranceTechnology

Encouraging signs around insurance awareness on a global scale: Swiss Re’s Ojeisekhoba

April 5, 2017 by Angela Stelmakowich

Much remains to be done to bolster awareness, availability and take-up of p&c insurance on a global scale, but there are encouraging signs in play that may be further advanced by use of technology, Moses Ojeisekhoba, chief executive officer, reinsurance

News ConstructionInsuranceMergers and Aqcuisitions

Ironshore Specialty Casualty construction cover now addresses M&A transition exposures

March 10, 2017 by Canadian Underwriter

Bermuda-based Ironshore Specialty Casualty has enhanced its Transition Protection policy form to address contractual exposures associated with an organizational merger or acquisition (M&A) specific to the construction industry. Construction companies typically have contractual requirements to obtain insurance coverage for work

News CatastrophesInsuranceLegalReinsuranceTechnology

Companies can come to grips with cyber risk, government back-stop may be needed for certain risks: Swiss Re

March 1, 2017 by Canadian Underwriter

Concern about cyber resilience is on the rise – as are the potential costs associated with attacks – but insurers and companies should understand steps can be taken to manage the risk, suggests the latest sigma report from Swiss Re

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Ontario-based Pen Underwriting Canada launches cyber insurance product

February 15, 2017 by Canadian Underwriter

Burlington, Ont.-based Pen Underwriting Canada Limited announced on Wednesday that it has created a comprehensive cyber solution to respond to the “increasing threat that cybercrime poses for corporations.” Backed by A+ rated capacity, the specialist cyber product is designed for

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 InsuranceMergers and Aqcuisitions

Aviva Canada launches 3-in-1 product for claims and loss prevention

August 8, 2016 by Canadian Underwriter

Aviva Canada has launched its Home Protect Bundle product, calling it the first of its kind insurance solution “to help Canadian homeowners prevent claims from reoccurring, repair damages before a claim occurs, and provide unlimited professional assistance.” Available in Canada

News InsuranceMergers and AqcuisitionsTechnology

Pembridge Insurance Company launches first telematics program through broker channel in Alberta

May 16, 2016 by Canadian Underwriter

Markham, Ont.-based Pembridge Insurance Company announced on Monday that they have launched My_BRIDGE, what they are calling the first telematics program offered through the broker channel in Alberta. Pembridge said in a press release that the usage-based insurance (UBI) offering

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

The Boiler Inspection and Insurance Company of Canada introduces coverage for invisible risks to microelectronics

April 27, 2016 by Canadian Underwriter

The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced on Wednesday the introduction of TechAdvantage – a product the company is calling the “first equipment breakdown insurance product covering undetectable physical damage to microelectronics.”

News AssociationsInsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Sharing economy an opportunity for insurers, government should focus on objectives: OMIA speaker

April 1, 2016 by Angela Stelmakowich

Regulators would do well to resist taking a “whack-a-mole” approach to the sharing economy – something that could result in a $20 billion market in Canada within the next decade – and, instead, consider their ultimate objectives, Sunil Johal, policy

News InsuranceLegalLegislation / RegulationTechnology

Beazley’s data breach response insurance product now available in Canada

April 1, 2016 by Canadian Underwriter

Beazley announced Thursday it has launched its flagship breach response product in Canada, which protects the personal data of as many as five million individuals per breach. “Canada’s Digital Privacy Act, passed in 2015, will soon impose additional obligations on