Canadian Underwriter

Merger and acquisition partnership
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What Navacord’s 15th deal of the year brought into the fold

July 26, 2022 by Jason Contant

Navacord Corp. has completed its 15th M&A deal of the year, this one involving a large commercial brokerage known for its risk management expertise with automotive dealerships. Navacord’s latest partnership is with Ottawa-based Binks Insurance Brokers Limited. Founded in 1918,

Atlantic Ocean near Newfoundland
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Three charges laid for 2019 spill from Newfoundland’s Hibernia offshore oil platform

July 6, 2022 The Canadian Press

ST. JOHN’S, N.L. – Newfoundland and Labrador’s offshore oil regulator is laying charges in connection with a 2019 oil spill in the Hibernia field, which sits about 315 kilometres off the coast of St. John’s. The Canada-Newfoundland and Labrador Offshore

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P&C industry fastening its seatbelt for risk of global recession

June 20, 2022 by David Gambrill

Fresh from emerging from a global pandemic, Canada’s P&C insurance industry is turning its mind toward the next item on its global risks list – the threat of an economic recession. Global economic recession topped the list of potential 2023

Documents about fraud risk management
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Fraud risk management at B.C.’s $16 billion Site C dam project can improve: auditor

April 27, 2022 by Jason Contant

VICTORIA – British Columbia’s auditor general says Crown-owned BC Hydro can improve its management of potential fraud risks at the $16 billion Site C dam project. Michael Pickup says an audit found the Crown corporation has some elements of fraud

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Zurich Resilience Solutions in Canada adds new executive talent

March 2, 2022 by David Gambrill

Zurich Canada is growing Zurich Resilience Solutions (ZRS) in Canada, adding Scott Thomas to the team as the head of ZRS for Canada and Chris Snider as head of sales and distribution. “This investment in ZRS Canada talent is an exciting step on our journey

Searching for the best candidate for the job
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Is the war for talent industry-wide?

February 25, 2022 by Jason Contant

Finding talent for the risk management sector is a little easier than it is for brokerages, a RIMS board director says. “There’s a lot of people who go into risk management who want to stay in risk management, so the

Risk management concept
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Captives can provide solutions for capacity limitations

January 20, 2022 Mike Lister

Emergence of new risks alongside capacity restrictions across industry sectors makes it more important than ever for risk managers to strike the right balance between risk retention and risk transfer. Often, this leads to increased interest in alternative risk solutions

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Mid-sized business leaders cite ‘customized risk management advice’ as top need for reducing exposure

November 5, 2021 Canadian Underwriter Staff

Customized risk management advice ranks highest among the top needs of mid-sized businesses to reduce their risk exposure, a new survey found. The findings suggest there’s an opportunity for brokers and risk managers to deepen risk management conversations with clients.

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Risk management more important than ever to middle market firms, yet few turn to brokers for advice: Chubb report

October 22, 2021 Canadian Underwriter Staff

Risk management has become a top concern for middle market companies surveyed following more than a year of pandemic and other related business disruption, data from Chubb has shown. According to Chubb’s Middle Market Indicator for Q2 2021, which surveyed

Businessman Standing At Edge Of Cliff
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Which cyber risks lurk on the horizon?

September 23, 2021 Canadian Underwriter Staff

As brokers grapple with an evolving cyber insurance market, one managing general agent is looking ahead to help the industry keep pace. George Bozanin, managing partner and head of business development with Coalition Insurance Canada, told Canadian Underwriter the post-pandemic

Celebration at work
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How to convince your clients that buying insurance isn’t a waste of money 

June 15, 2021 by Jason Contant

One of the biggest challenges for the insurance industry is convincing policyholders that they haven’t wasted their money if they constantly pay premiums but don’t have a claim.  To overcome this challenge, insurers should help policyholders celebrate the fact that

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Why businesses shouldn’t take an adversarial stance towards their claimants

May 8, 2021 by Adam Malik

Businesses risk damaging their brand’s reputation if they take a confrontational approach to claimants, risk experts warned during a recent virtual conference. In addition to paying out more for the claim, a company playing hardball may also wind up losing