Canadian Underwriter

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Swiss Re Canada

Cleaning up in Charlottetown after Fiona
News CatastrophesClaimsClimate Change

How the P&C industry can avoid another record year for NatCat damages

April 18, 2023 by Alyssa DiSabatino

If Canadian insurers want to avoid another year of more than $3.1 billion in insured damages, age-old quandaries such as the national flood program, land use policies, and building codes need to be revisited, said panellists at Swiss Re’s 37th

Swiss Re Canada president and CEO Jolee Crosby
News AnnouncementsAppointmentsInsuranceReinsurance

Swiss Re’s new Canadian president and CEO

February 21, 2023 by Alyssa DiSabatino

Jolee Crosby has been appointed president and CEO of Swiss Re Canada & English Caribbean and will succeed Monica Ningen, who has been named CEO of U.S. P&C Reinsurance at Swiss Re. Both roles are effective July 1.   Crosby

Thermal image of a large hurricane atop a digital map of the world. In the middle of the digital map, there is a warning on the digital interface which reads "extreme weather on earth".
News BrokersCatastrophesClimate ChangeInsuranceRisk

Does Canada have enough hurricane data for parametric solutions?

December 13, 2022 by Alyssa DiSabatino

When it comes to assessing hurricane risk exposure, there’s a data gap between the U.S and Canada, said a panellist in a Canadian Underwriter webinar.  “There’s definitely a gap between the U.S. and Canada,” said Carl Bernier, NatCat specialist at

Buildings sit in the water in Rose Blanche-Harbour Le Cou
News BrokersCatastrophesClaimsClimate ChangeCommercial LinesInsurance

How insurance coverage will change as Canadian hurricane risk expands

December 9, 2022 by Alyssa DiSabatino

Parametric insurance is a relatively new product in Canada, and thus is not a big buy for commercial clients, but as climate change is expected to cause more hurricane events in Canada, expect this solution to get more popular north

News CatastrophesClaimsClimate ChangeInsuranceReinsurance

Industry understanding of wildfire risk needs improvement: CEO

April 10, 2018 by Greg Meckbach

The property and casualty insurance industry needs to get a better understanding of wildfire risk in Canada because we will experience more disasters like Fort McMurray in the future, a reinsurance company executive warned Monday. “We think [the industry] needs

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

More action needed to better prepare for earthquake in Canada: Scotti

April 6, 2017 by Angela Stelmakowich

Canada would be well-advised to take a cue from other nations and do more to establish partnerships and requirements that better protect property owners in the event of an earthquake, says Veronica Scotti, president and CEO of Swiss Re Canada.

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Climate adaptation investment has ‘long-lasting and substantial impact:’ Intact VP

April 5, 2017 Greg Meckbach, Associate Editor

Building infrastructure to reduce weather-related losses can benefit society for generations, but the problem of climate change is “so global and complex” that there will always be more work required, insurance company executives suggested Wednesday at a conference in Toronto.

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 CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and AqcuisitionsReinsuranceTechnology

Difficult year for Canada’s p&c insurance industry: IBC’s McGown

April 4, 2017 by Angela Stelmakowich

The Fort McMurray wildfire and other large weather events combined with the lowest return on investment (ROI) in decades to produce a very difficult year for Canada’s p&c insurance industry in 2016, David McGown, senior vice president of strategic initiatives