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Canadian travel insurance provider names new CEO

November 5, 2018 by Jason Contant

Travel insurance and assistance provider Allianz Global Assistance Canada (AGAC) has appointed Chris Van Kooten as chief executive officer, effective immediately. Van Kooten brings extensive insurance industry experience to his new position, having held executive leadership roles with several Canadian

News InsuranceLegal

Top court could hear disputed claim arising from $550-million ponzi scheme loss

November 5, 2018 by Greg Meckbach

A major bank’s disputed $300-million professional liability insurance claim – arising from a Ponzi scheme in Florida – could reach the Supreme Court of Canada. Toronto-Dominion Bank bought an insurance policy from a syndicate of insurers, including Lloyd’s Underwriters in

News InsuranceMarkets / CoveragesProducts

Direct damage coverage available for cannabis product movement

November 2, 2018 by Jason Contant

A United States-based underwriter of marine cargo coverage has entered the Canadian cannabis market with a product that provides direct damage coverage to goods moving through the supply chain. North Kingstown, RI-headquartered Falvey Cargo Underwriting, which has a Canadian office

News InsuranceMergers and Aqcuisitions

What’s next for Fairfax in the Lloyd’s market

November 2, 2018 by Greg Meckbach

Toronto-based Fairfax Financial Holdings Ltd. plans to buy the remainder of Lloyd’s insurer Brit PLC within the next couple of years, Fairfax president Paul Rivett said Friday. Toronto-based Northbridge Insurance and Stamford, Conn.-based OdysseyRe are among the insurance subsidiaries owned

News InsuranceProductsTechnology

New app centralizes and digitizes the entire insurance lifecycle

November 1, 2018 by Jason Contant

An artificial intelligence company based in Montreal has launched an application to centralize and digitize the entire insurance lifecycle. Koïos Intelligence, which develops AI tools designed specifically for the finance and insurance industries, unveiled Olivo at the Fintech Forum at

News BrokersInsurance

Top 10 Under 40, 2018: Danish Yusuf, Zensurance

October 30, 2018 Brooke Smith

Who are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine (recently acquired by CU) answers that question with its Top 10 Under 40. Meet the other winners here, and don’t forget to pick

News InsuranceMarkets / Coverages

Insurer CEO explains why Lloyd’s model must adapt

October 29, 2018 by Greg Meckbach

If the Lloyd’s insurance business model is going to survive, it needs to adapt to today’s digitized world, suggests the chief executive officer of a large global insurer. “The Lloyd’s marketplace is important to the industry but it has longer

News BrokersInsurance

Top 10 Under 40, 2018: Anton Antonov, Marsh Canada

October 29, 2018 Brooke Smith

Who are the brightest young talents in Canadian P&C today? Each year, Canadian Insurance Top Broker magazine (recently acquired by CU) answers that question with its Top 10 Under 40. Meet the other winners here, and don’t forget to pick

News InsuranceLegalMarkets / Coverages

Why this insurer is ‘shrinking’ its D&O liability business

October 26, 2018 by Greg Meckbach

Lawsuits arising from corporate mergers and acquisitions and “creative theories of liability” are reducing Chubb Limited’s appetite to insure directors’ and officers’ liability. Since 2016, there has been an increase in the frequency of lawsuits against directors and officers, said

News AssociationsInsuranceProfessional Development

How flexible are the industry’s working arrangements?

October 25, 2018 by Jason Contant

Canadian employees in the insurance industry are about 13% more likely to work remotely than office workers in the United States. One in five U.S. office workers work remotely now, the New York Post reported last week. By contrast, more

News BrokersMergers and AqcuisitionsRisk

Why you might need an investment banker to help place commercial insurance

October 24, 2018 by Greg Meckbach

If your mid or large-sized commercial clients are involved in mergers and acquisitions, there are risks involved and insurance to address those risks, but it’s not like selling fire insurance. “It is not a simple case of saying, ‘Fill out

News AdjustersAppointmentsInsurance

HR Department: October moves in the industry

October 24, 2018 by Jason Contant

Jeff Goy elected chairman of Insurance Institute’s board of governors The Insurance Institute of Canada has elected S.J. (Jeff) Goy, president and CEO of Wawanesa Mutual Insurance Company, as chairman of its board of governors. Goy was elected chairman at