One theory why Lloyd’s underwrites so much Canadian business
May 6, 2018 by David GambrillInsurance professionals fresh to Canada’s property and casualty insurance market from Europe may notice how much of Canada’s commercial business is underwritten by Lloyd’s of London. “Lloyd’s (as a market) is again the largest commercial writer in Canada [in 2017],…
Industry responds to trial lawyers’ report on auto insurance
May 2, 2018 by Greg MeckbachThe Ontario Trial Lawyers Association has updated a three-year-old report suggesting that the Ontario auto insurance industry is far more profitable than the industry thinks – an assertion that insurers say is “simply false.” Released Tuesday, the report, Price Regulation…
Why open reinsurance markets are best for Canada
April 30, 2018 by Greg MeckbachWith the lion’s share of Canadian insurers’ reinsurance coming from outside of Canada, protectionism in the insurance space would not be good for consumers, a lawyer told Canadian Underwriter last week. Some nations – including Thailand, India, China – have…
Mo Kaur named president and chief operating officer of Premier Group
April 30, 2018 by Jason ContantVancouver-based managing underwriting agency (MUA) Premier Group announced Monday that Mo Kaur will assume the role of president and chief operating officer. Kaur has been part of Premier for six years, serving as senior vice president for the past five…
Sedgwick team to include Albert Poon following merger with Cunningham Lindsey
April 25, 2018 by Jason ContantAlbert Poon, most recently president of Cunningham Lindsey Canada, will remain a key part of the team following Sedgwick Claims Management Services’ recent acquisition of Cunningham Lindsey, the president of the combined business operations in Canada told Canadian Underwriter Wednesday.…
What does Vancouver’s new short-term rental bylaw mean for insurers?
April 23, 2018 by Jason ContantRidesharing insurance is again in the spotlight, now that the City of Vancouver has announced it is regulating short-term rentals such as Airbnb, and allowing residents to apply online for a business licence as of April 19. Vancouver City Council approved…
Will work automation result in job losses in Canada?
April 19, 2018 by Jason ContantA new survey from Willis Towers Watson (WTW) has found that half of Canadian employers believe that work automation will result in job losses, a finding echoed recently by a Canadian property and casualty insurance executive. In November 2017, RSA…
To cover or not to cover crime on a cyber policy
April 19, 2018 by Jason ContantDo elements of cybercrime, such as social engineering fraud and phishing scams, belong on a traditional crime insurance policy or should they be part of a cyber policy? The answer to that question depends on which carrier you ask. “There’s…
Michael Holden named president of Canadian operations following Sedgwick-Cunningham merger
April 18, 2018 by Jason ContantTwo days after Sedgwick Claims Management Services Inc. announced that it had completed its acquisition of Cunningham Lindsey, Sedgwick announced that Michael Holden will serve as president of its combined business operations in Canada. Holden has led Sedgwick and subsidiary…
Tips from an insurer for brokers selling cyber policies
April 17, 2018 by Jason ContantListening to clients’ exposures before offering them a cyber policy could go a long way in selling the right coverage, a cyber insurer told Canadian Underwriter Monday. “By asking the question: ‘What keeps you up at night and what do…
Insuring your client’s reputation against cyber breach? Good luck with that.
April 14, 2018 by David GambrillBusinesses wishing to insure their brand reputations against a cyber breach are going to find a hard time finding policies to cover that. “This is a huge area of concern for insurance,” says Catherine Evans, vice president-FINPRO at Marsh Canada…
Aviva just embedded earthquake coverage into B.C. home policies. Quebec could be next.
April 12, 2018 by Jason ContantAviva Canada is embedding earthquake coverage in all of its homeowner and tenant insurance policies in British Columbia, coverage that is typically offered as an endorsement. The insurer is also conducting a needs analysis to determine if it will introduce the…