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The Co-operators
Top 10 Canadian insurer partners with Slice for new digital brand
July 18, 2018 by Jason ContantThe Co-operators and insurtech Slice Labs announced Wednesday a partnership to allow the insurer to launch a new digital insurance brand in Canada. The first product – underwritten by The Co-operators – will be a pay-per-use homeshare offering under the brand…
How the pieces of the puzzle fit together during a catastrophe
July 5, 2018 by Jason ContantFollowing a catastrophe, policyholders are best served when adjusters and contractors adhere to their professional limitations in managing a loss, an industry executive said Tuesday. Jim Eso, senior vice president of property and casualty with Crawford and Company (Canada) Inc.,…
The Co-operators appoints new executive vice president, CFO
May 24, 2018 by Jason ContantThe Co-operators has appointed Karen Higgins as its new executive vice president and chief financial officer, effective June 1. She replaces Bruce West, who holds the title and announced his retirement earlier this year. Currently vice president of finance in…
Storm surge coverage now available for first time
May 7, 2018 by Jason ContantThe Co-operators announced Monday that homeowners in British Columbia and Nova Scotia can now be insured for storm surge damage, calling the coverage the first and only of its kind in Canada. Storm surges are waves caused by storms and…
Award-winning CIO shares three-pronged approach to business transformation
May 2, 2018 by Jason ContantThe Co-operators is taking a holistic approach to leadership and business transformation, using strategies such as design thinking and minimum viable product (MVP) concepts, common language around innovation, and technology. Carol Poulsen, executive vice president and chief information officer at…
This week in P&C employment changes
February 8, 2018 by Jason ContantCo-operators senior executive to retire The Co-operators announced Thursday the retirement of Bruce West, its executive vice president, finance and chief financial officer (CFO), effective June 1, 2018. West joined The Co-operators in 2007 as CFO and over the past…
2018 Outlook: Rob Wesseling, President, CEO, The Co-operators Group Limited
January 3, 2018 Rob WesselingTaking on an increased leadership role with respect to climate change, and working to engage clients more effectively are two key challenges for the industry in the year ahead. In the short term, climate change may be a premium-level issue…
Insurers, society face irreversible climate change: reinsurance board exec
December 19, 2017 Greg Meckbach, Associate EditorWildfires that hit British Columbia earlier this year and that continue to affect California are among the effects of climate change, says Karen Gavan, former CEO of Waterloo, Ont.-based Economical Insurance. “Literally California has been burning all fall,” said Gavan,…
The Co-operators reports net loss of $7.4 million in third quarter
October 27, 2017 by Canadian UnderwriterCo-operators General Insurance Company has reported a consolidated net loss of $7.4 million for the third quarter of 2017 ending Sept. 30 compared to net income of $16.3 million for the same quarter of 2016. Guelph, Ont.-based The Co-operators released…
The Co-operators, Desjardins Group to invest in new Canadian Co-operative Investment Fund
October 16, 2017 by Canadian UnderwriterCanadian co-operatives and mutuals have committed $25 million to establish the Canadian Co-operative Investment Fund (CCIF), which will provide financing for new and expanding Canadian co-operatives in Canada. The $25 million in committed investment to date is the threshold agreed…
Q2 combined ratio improves 13.3 points to 101% for The Co-operators
July 28, 2017 by Canadian UnderwriterCo-operators General Insurance Company reported Thursday an underwriting loss of $6.6 million in the three months ending June 30, while direct premiums written were $768.7 million, up 6.4% from $722.6 million in Q2 2016. During the second quarter of 2016,…
New FireSmart Home Development Guide targets Canadian wildfire resiliency
May 5, 2017 by Canadian UnderwriterFireSmart Canada, in partnership with The Co-operators, has developed a new resource to help Canadian residents make their homes more resilient to wildfire. The FireSmart Home Development Guide, which will become part of the FireSmart Home Partners Program, outlines specific…