Segment
Reinsurance
NFP partnership aims to support aerospace clients in Canada
July 28, 2021 by Jason ContantLarge brokerage NFP Corp. has joined forces with Piiq Risk Partners to form an exclusive Canadian partnership. With a strategic focus on the aerospace and aviation industries, the collaboration will provide solutions and services to the Canadian operations of global…
Elsa’s forecasted impact on the Maritimes
July 7, 2021 by David GambrillTropical Storm Elsa is tracking to hit the Maritimes this weekend as a post-tropical storm, potentially dumping up to 50 mm of rain in areas of New Brunswick, Nova Scotia and Prince Edward Island. Currently hitting the Gulf Coast of…
The essence and future of WICC
June 29, 2021 by David GambrillEditor’s Note: This article is Part 2 of a two-part story honouring the 25th anniversary of the Women in Insurance Cancer Crusade (WICC). Part 1 appeared in Canadian Underwriter‘s e-Newlsetter on Tuesday, June 29. Women in Insurance Cancer Crusade…
How reinsurance prices could come down
June 29, 2021 by Greg MeckbachRecord-low interest rates are making insurance-linked securities attractive to some investors, and this could be good news for primary insurers. ILS includes but is not limited to catastrophe bonds, said Marcos Alvarez, Toronto-based senior vice president and head of insurance…
Happy 25th, WICC: The light that never goes out
June 28, 2021 by David GambrillEditor’s Note: This article is Part 1 of a two-part story honouring the 25th anniversary of the Women in Insurance Cancer Crusade (WICC). Part 2 will appear in Canadian Underwriter‘s e-Newlsetter on Wednesday, June 30. If Women in Insurance…
Progress report: Canada-wide flood mapping is well underway
June 16, 2021 by Greg MeckbachA nationwide estimate of coastal, pluvial, and fluvial flood hazard is one part of the ongoing effort to come up with a national approach to insuring or re-locating homes at high risk of flood, a federal government official suggests. Flood…
Look back, but not too far: Why some perils need a new approach
June 14, 2021 by Jason ContantThe insurance industry needs to look at the “more recent past” and take a shorter-term view of catastrophic perils to see their effects going forward, Swiss Re told Canadian Underwriter recently. “When we’re looking at recent events, including the 2020…
Why Canada could be in the path of stronger hurricanes in the future
June 7, 2021 by Jason ContantCanada could see heightened hurricane risk in the future, as climate change and fluctuations in ocean temperature are increasing the likelihood of stronger hurricanes making landfall further north, according to Swiss Re. “We see an increased likelihood of intense hurricanes…
Second CEO in 15 months for SCOR Canada
June 3, 2021 by Greg MeckbachSCOR Canada Reinsurance Company is getting a new CEO, Olivier Gay (pictured) the Paris-based reinsurance announced Thursday. The move is effective June 11. Gay succeeds Paul Christoff, whose appointment as CEO of SCOR Canada was announced in February 2020. At…
How P&C insurers are using their muscle to reduce carbon
June 2, 2021 by David GambrillGlobal P&C insurers are not only setting ambitious carbon reduction targets for themselves, but they are also using their investment clout to restrict cover for high polluters in the oil and gas sectors, a commentary released by DBRS Morningstar Wednesday…
Pressure from investors isn’t the only reason insurers are exiting from fossil fuels
June 1, 2021 by Jason ContantMany insurers and reinsurers are considering or actively transitioning away from insuring fossil fuel companies as pressure mounts from investors and clients over environmental, social and governance (ESG) practices. “But pressure from end investors isn’t the whole story,” Tom Johansmeyer,…
Gallagher to acquire certain Willis Towers Watson assets
May 12, 2021 by Jason ContantArthur J. Gallagher & Co. has announced an agreement to acquire certain Willis Towers Watson reinsurance, specialty and retail brokerage operations as part of a proposed “regulatory remedy” for the pending Aon and Willis Towers Watson deal. Under the agreement,…