Canadian Underwriter

News InsuranceLegalMergers and AqcuisitionsTechnology

Chubb expands global cyber facility with multi-line peril endorsements

February 14, 2017 by Canadian Underwriter

Chubb has announced the availability of new property and casualty endorsements for its Global Cyber Facility aimed at helping risk managers and chief information security officers (CISOs) address exposure gaps in their organizations’ insurance portfolios and best respond to C-suite

News InsuranceLegalMergers and Aqcuisitions

Intact must help defend pollution lawsuit due to exception in exclusion for “sudden and accidental” release

January 23, 2017 by Canadian Underwriter

Intact Insurance must participate in the defence of a lessee of commercial property – on a Grimsby, Ont. site formerly occupied by a gas station – which is being sued by a neighbouring property owner alleging that contaminants migrated to

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Losses from Desmond floods in U.K. estimated at £604 million: PERILS

December 5, 2016 by Canadian Underwriter

The fourth and final insured property market loss estimate flowing from U.K. flooding in the wake of storm Desmond in late 2015 is £604 million, reports PERILS AG. Desmond and other low-pressure systems caused effects over a three-week period from

News InsuranceLegislation / RegulationMergers and AqcuisitionsProfessional Development

Zurich combines corporate, commercial businesses into single unit, appoints CEO of Commercial Insurance

September 21, 2016 by Canadian Underwriter

Zurich Insurance Group announced on Tuesday that it will combine its corporate and commercial businesses into a “single global business as part of its process to simplify and strengthen its organization.” The new unit, to be called Commercial Insurance, brings

News InsuranceLegalReinsurance

Disputed $25-million product liability claim will not reach Canada’s highest court, for now

August 4, 2016 by Canadian Underwriter

The Supreme Court of Canada recently announced it will not hear an appeal, from a forestry firm’s captive reinsurance company, of a ruling arising from a disputed $25-million liability insurance claim. This means that an order for a new trial

News Earnings / RatingsInsuranceMergers and Aqcuisitions

Loss ratio up 3 points for Arch Capital

July 28, 2016 by Canadian Underwriter

Arch Capital Group Ltd. reported Wednesday a 1.4-point increase in its second-quarter combined ratio and 42% increase in net income, with growth in its travel, construction and national accounts. Pembroke, Bermuda-based Arch Capital’s operations include commercial insurer Arch Insurance Canada

News InsuranceMergers and Aqcuisitions

Written premium prices on Canadian commercial policies in Q1 2016 up 1.2% from prior year quarter: Willis Towers Watson survey

July 11, 2016 by Canadian Underwriter

Written premium price levels charged on insurance policies underwritten during the first quarter of 2016 increased 1.2% from the prior year quarter, according to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey – Canada (CLIPS Canada). The most recent survey,

News InsuranceLegislation / Regulation

Health Canada ‘slow to respond’ to reports of prohibited substances in personal hygiene products: Auditor General report

June 1, 2016 by Canadian Underwriter

The federal health department “cannot assure consumers” that cosmetic products comply with the nation’s Food and Drugs Act, and vendors of such products are not required to disclose chemical components, a recent auditor-general’s report suggested. “Health Canada should inform consumers

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Commercial prices in aggregate for Canadian insurers up 3.8% in general products and liability lines during Q4 2015 vs. Q4 2014: pricing survey

April 25, 2016 by Canadian Underwriter

Commercial insurance prices in aggregate for Canadian insurers increased 3.8% in the general products and liability line during the fourth quarter of 2015 compared to those charged for the same coverage during Q4 2014, according to the latest Willis Towers

News Markets / CoveragesMergers and Aqcuisitions

ISO introduces drone insurance coverage options for commercial inland marine market

March 28, 2016 by Canadian Underwriter

ISO announced on Monday that it is preparing for the “potential rise and fall of commercial drones” with new inland marine insurance forms to help protect businesses from the costs of such potential crashes, including damage to the drones, their


Commercial Umbrella

March 28, 2016 by rosemary

Dates March 8 2016 City Toronto, Ontario, Canada Contact Name Tracey Blouin Local Phone 416-488-7422 Tollfree Phone 1-800-268-8845 Email Website Commercial Umbrella Main Body (2 Technical Hours) Attain information on the use, needs and coverage available for umbrella and

News Insurance

Higher construction spend spurs Chubb’s move to broaden offerings to mid-sized construction firms

March 10, 2016 by Canadian Underwriter

Mid-sized construction firms in the United States and Canada now have access to certain Chubb insurance products and services that were previously only available to large national and international construction companies, notes a company statement issued Thursday. The products will be handled through