Canadian Underwriter

News InsuranceLegislation / Regulation

More interest from corporate clients in this specialty coverage

October 25, 2018 by Greg Meckbach

Large corporate clients often face unexpected tax bills in the millions – and companies are looking for insurers willing to share the risk. Aon Canada has meetings scheduled with several Canadian law firms to brief them on how tax insurance

News InsuranceRisk

The special insurance needs of art collectors

October 24, 2018 by Greg Meckbach

A recent prank by an anonymous street artist shows that collectibles – which require special insurance – can become more valuable if they are damaged. “Normally when a piece of art is damaged, it would drop in value,” Kelly Juhasz,

6 Chris Floyd, president, Insurance Brokers Association of Ontario (IBAO) and president, individual insurance, Ontario Teachers Insurance Plan (OTIP)
News AssociationsInsurance

IBAC announces new president

October 16, 2018 by Greg Meckbach

Chris Floyd, president of individual insurance services at the Ontario Teachers Insurance Plan (OTIP), is the new president of the Insurance Brokers Association of Canada. IBAC announced Monday its new leadership team, which was confirmed October 5 at its annual

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 AppointmentsInsuranceRestoration

First General names new head of central and eastern Ontario offices

October 1, 2018 by David Gambrill

First General, a North American restoration network with operations across Canada, has appointed Dan Burns to be the regional director of its central and eastern Ontario offices. First General has more than 80 general locations in Canada and the United

News Risk

Air Canada pilots say near-collision a wake-up call on pilot fatigue

September 27, 2018 Ross Marowits - THE CANADIAN PRESS

TORONTO – A near-collision of an Air Canada jet at San Francisco’s airport should be a wake-up call for the federal government to adequately address pilot fatigue for overnight flights, the union representing the airline’s pilots said Wednesday. “I don’t

News Risk

Cirque du Soleil’s director of risk management receives top honours

September 24, 2018 by David Gambrill

Michel Rodrigue, Cirque du Soleil’s director of risk management and insurance, has received this year’s Donald M. Stuart award, Canada’s highest honour for risk management. Based in Montreal, Cirque du Soleil is an entertainment company that produces spectacular theatrical shows

News InsuranceMarkets / CoveragesProducts

New bespoke commercial package covers 7 industry segments

September 13, 2018 by Jason Contant

Commercial insurance clients in multiple industry segments can now receive tailored core coverages under a single package solution. Core coverages include first and third party cyber, D&O liability, media management crisis costs, event cancellation and currency devaluation. Tailored for seven specific

News BrokersInsurance

The evolution of the commercial broker

August 28, 2018 by David Gambrill

Commercial insurance brokers will move beyond their sales role in the future and become true advisors on risk, industry executives predict. Signs of a hardening commercial insurance market provide one impetus for brokers to turn to risk advice to add

News Mergers and AqcuisitionsRisk

Hot opportunity in this Canadian insurance line is linked to M&A

August 24, 2018 by Greg Meckbach

Representations and warranties (R&W) insurance is becoming a hot market, as commercial clients wonder whether mergers and acquisitions could expose them to unforeseen liabilities. In Canada, the R&W market “has really expanded,” according to Brian Kelly, a Montreal-based managing partner

News BrokersInsuranceMarkets / CoveragesProductsRisk

Hub’s Top 3 pot risks

August 23, 2018 by Jason Contant

As cannabis comes closer to being legalized in Canada, Hub International told Canadian Underwriter the three major risks the brokerage has faced while writing cannabis insurance for the past four years. One of them is cash-on-hand, meaning pot producers have money

News Legislation / RegulationRisk

Why Canada’s railway safety authority is concerned about winter tires on a bus

August 23, 2018 by Greg Meckbach

Figuring out which tires should be used in winter is a risk management challenge for many school bus operators, a federal safety organization warned Wednesday. “If school bus operators do not have access to independent and objective assessments of winter