Keyword
United States
Towers Watson to acquire Brovada for US$15.24 million, move to expand insurance technology offerings
September 14, 2015 by Canadian UnderwriterGlobal professional services company Towers Watson announced Monday that it has signed a definitive agreement to acquire Brovada, a Canadian insurance technology firm, for US$15.24 million. Towers Watson reports that the transaction, expected to close in the coming weeks, will…
U.S. commercial insurance prices rise 1%, increases continue to moderate: Towers Watson
September 14, 2015 by Canadian UnderwriterCommercial insurance prices in the United States increased in aggregate at a modest pace (1%) during the second quarter of 2015, notes the latest Commercial Lines Insurance Pricing Survey (CLIPS) from Towers Watson, released Monday. Comparing prices charged on policies…
Challenging market conditions continue to put pressure on reinsurance pricing: Guy Carpenter
September 14, 2015 by Canadian UnderwriterAbundant capacity, the influx of new capital and limited loss experience is keeping the pressure on reinsurance pricing, terms and conditions, Alex Moczarski, president and CEO of Guy Carpenter & Company, LLC and chairman of Marsh & McLennan Companies International,…
Digital business leaders pulling ahead of the pack, digital businesses on the rise: Gartner
September 8, 2015 by Canadian UnderwriterNew survey results from Gartner Inc. show a widening gap forming between organizations already undertaking digital business initiatives and those only in the planning stage, demonstrating a clear need to invest in digital business. Findings from the 2015 Digital Business…
Advent Insurance Management launches operations in Canada
September 8, 2015 by Canadian UnderwriterUnited Kingdom-based Advent Insurance Management, which provides support services for delegated authority underwriting businesses, has established operations in Canada with its announcement Monday that it has entered into a joint venture agreement with Canadian Claims Services Inc. (CCS). As part…