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News Commercial LinesInsurance

This commercial line could get a lot more exciting soon

June 4, 2019 by Jason Contant

The Canadian marine insurance market could get a lot more interesting in the next year-and-a-half as major infrastructure projects get underway. “There are more large infrastructure projects on the drawing board and it could be a very interesting 18 months

News Climate ChangeInsurance

New risks arising from Canadian arctic shipping

July 17, 2018 by Greg Meckbach

As shrinking arctic ice opens up of new shipping routes through Canada’s Arctic Archipelago, this presents challenges for risk managers and insurers, Allianz Global Corporate and Specialty suggests in a report scheduled for release Wednesday. “Arctic ice has been thinning and

News InsuranceMarkets / CoveragesTechnology

Known, hidden risks in supply chains demand an overall strategy for evaluating and mitigating risk: QBE

April 26, 2017 Angela Stelmakowich

PHILADELPHIA – The multitude and variety of risks are becoming more predictable, indicating multinational and domestic companies can benefit from taking a look at how global interdependence affects each link of their supply chain, says Jamie Luce, senior vice president,

News Climate ChangeInsuranceMarkets / Coverages

Hundreds of icebergs clog shipping lanes, forcing ships to reroute

April 10, 2017 The Canadian Press

ST. JOHN’S, N.L. – More icebergs have drifted into major shipping lanes off Newfoundland, forcing ships to go far out of their way to steer clear of the massive ice mountains. “It’s the only place in the world where icebergs

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Larger liability claims expected to become more expensive, complex: AGCS

March 30, 2017 by Canadian Underwriter

There is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,

News InsuranceMarkets / CoveragesTechnology

Worldwide shipments of 3D printers to grow 108% in 2016: Gartner

October 14, 2016 by Canadian Underwriter

Worldwide shipments of 3D printers will grow 108% in 2016 to reach 455,772 units, more than doubling the 219,168 units shipped in 2015, according to the latest forecast from Gartner, Inc. The Stamford, Conn.-based information technology research and advisory company

News Insurance

Latest container shipping defaults expected to be followed by more M&A: Fitch Ratings

September 6, 2016 by Canadian Underwriter

Fitch Ratings expects more defaults and mergers and acquisitions activity in both the short and medium terms for container shipping, but adds this “will only restore equilibrium and boost freight rates if they prompt capacity reduction.” The comments follow Korean

News InsuranceLegalMarkets / CoveragesMergers and Aqcuisitions

Sea piracy drops to 21-year low in first half of 2016: global report

July 26, 2016 by Canadian Underwriter

Despite a surge in kidnappings off West Africa, piracy and armed robbery at sea has fallen to its lowest levels since 1995, notes a new report issued Monday by the International Chamber of Commerce’s International Maritime Bureau (IMB). There were