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The Co-operators to provide insurance for First Credit Union clients

October 3, 2016 by Canadian Underwriter

The Co-operators Group Ltd. announced Monday it “will be the exclusive provider” of property & casualty and life insurance for clients of First Credit Union subsidiaries in British Columbia. Guelph, Ont.-based Co-operators said it will be “exclusive provider for First

News AssociationsInsuranceLegalLegislation / Regulation

Opposition calls for 33% cap on Ontario lawyers’ contingency fees

September 15, 2016 by Canadian Underwriter

A proposal to require Ontario lawyers and paralegals to disclose how they calculate fees is supported by The Co-operators Group Ltd. Bill 12 – An Act to amend the Law Society Act, the Insurance Act and the Solicitors Act with

News InsuranceProfessional Development

Rob Wesseling to become president and CEO of The Co-operators on Dec. 1

August 30, 2016 by Canadian Underwriter

The Co-operators’ board of directors has announced that Rob Wesseling will become president and chief executive officer of the company, effective Dec. 1. Currently the executive vice president (EVP) of property and casualty (P&C) operations for the Co-operators General Insurance

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The Co-operators reports net loss of $39.1 million in 2016 Q2 for Co-operators General Insurance Company

July 29, 2016 by Canadian Underwriter

Co-operators General Insurance Company, part of The Co-operators Group, took a hit from the devastating Fort McMurray wildfire, reporting a consolidated net loss of $39.1 million for 2016 Q2 compared to a net income of $58.2 million for 2015 Q2.

News CatastrophesInsuranceMergers and Aqcuisitions

The Co-operators launches overland flood insurance for Ontario

June 27, 2016 by Canadian Underwriter

The Co-operators General Insurance Company announced on Monday that it has launched new insurance coverage that protects homeowners in Ontario against damage caused by overland flooding. The new coverage, which is available throughout the province, is an inclusive and flexible

News AssociationsInsuranceMergers and AqcuisitionsProfessional Development

Canadian Coalition on Distracted Driving begins development of National Action Plan

June 20, 2016 by Canadian Underwriter

The newly-created Canadian Coalition on Distracted Driving (CCDD) has wrapped up its first meeting, a two-day working session in Ottawa, where it began work on creating a National Action Plan to combat distracted driving. An initiative of the Traffic Injury

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Optimum General offers overland water damage coverage for residences in Ontario and B.C.

June 3, 2016 by Canadian Underwriter

Montreal-based Optimum General Inc. announced on Friday that is has launched a residential policy endorsement in Ontario and British Columbia which now covers overland water damages. Optimum General said in a press release that the endorsement, which was launched on

News CatastrophesInsuranceMergers and Aqcuisitions

Fort McMurray wildfire to cost The Co-operators an estimated $70 million to $90 million

May 24, 2016 by Canadian Underwriter

The Co-operators General Insurance Company has estimated that the Fort McMurray wildfire will cost it between $70 million and $90 million. While access to the affected area remains restricted, The Co-operators’ preliminary estimate indicated that the after-tax cost of the

News CatastrophesClimate ChangeConstructionInsuranceMergers and Aqcuisitions

Catastrophic Fort McMurray wildfire shows need for fire resilience

May 6, 2016 by Canadian Underwriter

The devastating wildfire in and around Fort McMurray – an event that has been estimated could produce insured losses of as much as $9 billion, becoming the most cost disaster event ever in Canada – clearly illustrates the pressing need