Berkshire Hathaway Specialty Insurance introduces four executive & professional lines for financial institutions, P&C insurers in Canada
July 20, 2016 by Canadian UnderwriterOne day after it announced that it had expanded into the transactional liability insurance market in Canada and the United States, Berkshire Hathaway Specialty Insurance (BHSI) said that it is introducing four new executive and professional lines in Canada. BHSI…
Berkshire Hathaway Specialty Insurance enters into transactional liability insurance market in Canada and the U.S.
July 19, 2016 by Canadian UnderwriterBerkshire Hathaway Specialty Insurance (BHSI) announced on Tuesday that it has expanded into the transactional liability insurance market in Canada and the United States. BHSI also said in a press release that it has named Robert Underhill as senior vice…
Adjusting Fort McMurray’s Firestorm
July 15, 2016 Heather SandersonBusiness Interruption & Civil Authority Coverage Issues with the Fort McMurray, Alberta wildfire
The Over/Under on Property Insurance
July 15, 2016 Timothy Zimmerman and Ari SingerThe importance of determining the value of a commercial property when applying for insurance
$100 million cat bond issuance covers U.S. named storm, earthquake until June 1, 2017
July 11, 2016 by Canadian UnderwriterLaetere Re Ltd. has issued US$100 million worth of catastrophe bonds, covering certain named storms and earthquake in the United States, on behalf of three subsidiaries of United Insurance Holdings Corp. The issuance was announced July 7 by Swiss Re…
Ironshore’s M&A unit establishes an Americas presence, names management appointments in Toronto, New York and Atlanta
June 14, 2016 by Canadian UnderwriterIronshore International announced on Monday that its global Mergers & Acquisitions unit will establish an Americas presence to “address complex, multi-jurisdictional transactions within the North and Latin American regions.” The Americas team will be led by Navine K. Aggarwal, who…
Gaps identified in readiness of Canadian boards to crisis management
May 20, 2016 by Canadian UnderwriterMore diligence is required to protect board members in the wake of a crisis, suggests a new white paper prepared by Osler, Hoskin & Harcourt LLP for the Institute of Corporate Directors (ICD). Based on a survey of 400 Canadian…
Change in customer demographics and economic recovery to drive global insurance brokerage market through 2020, new report says
May 17, 2016 by Canadian UnderwriterThe global insurance brokerage market will grow at a compound annual growth rate (CAGR) of more than 4% during the period from 2016 to 2020, according to global technology research and advisory company Technavio. The report from Technavio covers the…
Business interruption insurance moving into IT realm: NetDiligence Cyber Risk Summit speaker
May 3, 2016 Jason Contant, Online EditorMore and more, the conversation surrounding business interruption (BI) is moving from the physical aspect of BI to the information technology side of things, attendees to the NetDiligence Cyber Risk Summit heard on Friday. Miki Ho, senior underwriter in the…
Loss of confidential information key to understanding interactions between crime and cyber coverage: conference speaker
May 2, 2016 Jason Contant, Online EditorThe loss of confidential information can be crucial to understanding the interactions between cyber and crime coverage, attendees to the NetDiligence Cyber Risk Summit heard on Friday. Matthew Davies, assistant vice president of Chubb Insurance Company of Canada, said that…
$25B in outstanding cat bonds as of March 31: Aon Benfield
April 21, 2016 by Canadian UnderwriterOverall investor demand remains high in the insurance-linked securities market, with US$2.215 billion in new issuance of catastrophe bonds – one of which covers Canadian earthquake risk – in the first three months of 2016, Aon plc reported Wednesday. Chicago-based…
Oppression remedy lawsuit against corporate directors reaches Supreme Court of Canada
April 10, 2016 by Canadian UnderwriterThe Supreme Court of Canada announced Thursday it will hear an appeal of a lawsuit in which two corporate directors were ordered to pay more than $600,000 to a former chief executive officer who brought an oppression remedy action under…