Aviva Canada’s plan to decrease its exposure in Ontario auto
August 2, 2018 by David GambrillAviva Canada is diversifying its portfolio of business to avoid exposure to deteriorating conditions in Ontario’s auto insurance market. “When you look at Aviva’s business in Canada, there’s a heavy concentration in Ontario auto,” Aviva Canada president and CEO Colm…
What Canada’s P&C industry has learned from catastrophes
July 31, 2018 by David GambrillEach catastrophe presents a unique learning opportunity for today’s risk and insurance professional; over time, savvy risk experts will use these broad-scale “teachable moments” to better prepare their clients and employers to be more resilient in the future. Canadian Underwriter…
Questions to ask clients who serve alcohol
July 30, 2018 by Jason ContantRisk managers in the restaurant and bar business need to “mine” for information from potential insureds to make sure they exercise their duty of care in serving alcohol responsibly. “From a risk management standpoint, what’s key is the insured is…
Aviva Canada announces three new executive appointments
July 26, 2018 by Jason ContantAviva Canada reported Thursday that it has added to its executive teams in risk, claims and information technology. Bryant Vernon is the new chief claims officer (CCO), Nicole Brouillard is the chief information officer (CIO) and Michel Dionne is the…
Trade war? There may be insurance for that
July 22, 2018 by David GambrillAs the U.S. Commerce Department contemplates imposing a 25 per cent tariff on all vehicles imported into the United States, including vehicles from Canada, risk managers are starting to contemplate where all of this heightened rhetoric around protectionism may take…
The evolving nature of business interruption
July 6, 2018 Aleksandra ZivanovicIn the face of climate change, cyber risks, and mass terror plots affecting entire regions and sometimes economic sectors, business interruption coverage is a challenging coverage to both write and adjust. This challenge is multi-faceted and directly impacted by global…
Shop Canadian when selling marine, brokers advised
July 4, 2018 by Jason ContantBrokers interested in selling marine insurance should target coverholders and managing general agents (MGAs) in Canada rather than going straight to the London market, a senior marine surveyor told Canadian Underwriter recently. “There are a lot of MGAs and coverholders…
Will we ever see another hard market again?
June 27, 2018 by David GambrillIs the traditional hard market “broken”? Insurance pricing cycles have all but evaporated over the past decade, with premium rates during this period showing an overall decline. The trend is illustrated once again in the 2018 Risk and Insurance Management…
The thinking behind BFL’s ‘turnkey solution’ for cyber clients
June 25, 2018 by Greg MeckbachBrokers looking to sell cyber insurance to commercial clients should be looking to partner with non-insurance firms specializing in security and risk assessment, one Quebec-based broker advises. “Brokers need to look at not just selling insurance but partnering, and how…
Former KPMG Canada insurance leader Parkinson elected to mortgage insurer board
June 12, 2018 by Greg MeckbachNeil Parkinson, former national leader of KPMG Canada’s insurance industry practice, has been elected to the board of directors of Genworth MI Canada Inc., Genworth announced last Wednesday. Investors holding 99.61% of Genworth’s shares voted for Parkinson, Genworth reported in…
New CEO for Everest Insurance Company of Canada
June 6, 2018 by Greg MeckbachDarin Scanzano will be the new CEO of Everest Insurance Company of Canada effective this summer, Everest Re Group Ltd. announced Wednesday. Scanzano will be based in Toronto and report to David Sandler, head of the Everest Insurance Risk Management…
Consolidation of employee benefits firms among hot trends affecting P&C commercial lines
May 11, 2018 by David GambrillWhat are some of the hottest trends in Canadian P&C commercial lines right now? Insurtechs in the SME [small and medium sized enterprise] customer segment is a key driver in today’s commercial market, says Jim White, chief sales officer and executive vice president…