Canadian Underwriter

News Brokers

IBAO reacts to possibility of credit unions selling insurance

November 19, 2020 by Greg Meckbach

Ontario’s broker association is keeping a close eye on a provincial government proposal to relax restrictions on credit unions selling insurance in branches. “We believe there is a public consultation that is going to take place in 2021, so we

News Insurance

How the Big 5 banks insure their directors’ liability

March 18, 2019 by Greg Meckbach

Canada’s five biggest banks are paying nearly $8 million a year collectively in premiums, for billions in directors’ and officers’ liability insurance with no deductibles, recent security filings show. The total coverage limit and the circumstances under which those policies

News Insurance

How Canada’s largest banks manage cyber risk

November 23, 2018 Armina Ligaya - THE CANADIAN PRESS

TORONTO – Hackers are targeting Toronto-Dominion Bank’s internal systems at all hours using cutting-edge techniques, but the bank’s head of cybersecurity isn’t losing sleep over them – they work for him, after all. The bank established late last year an

News RiskTechnology

Why cyber criminals may be targetting this Canadian bank

November 8, 2018 Armina Ligaya - THE CANADIAN PRESS

TORONTO – The Canadian Imperial Bank of Commerce is one of the most commonly targeted brands used by cyberthieves in phishing attacks across North America, with a more than 600 per cent surge in fake email attempts in the third

News InsuranceRiskTechnology

The industry that’s shopping for cyber insurance

October 11, 2018 by Greg Meckbach

Brokers looking for new large cyber accounts might want to knock on doors of companies who look after other people’s money. More than half (55%) of Canadian asset managers surveyed said they intend to purchase insurance to protect themselves against

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Insurance claims & expenses up 15% for TD

August 25, 2016 by Canadian Underwriter

The wildfire in May that resulted in the evacuation of Fort McMurray Alberta is one factor in the 15% year-over-year increase in insurance claims and related expenses for the Toronto Dominion Bank. TD released Thursday its financial results for the