Industry
Accelerant Holdings has entered into the Canadian market with a share purchase agreement that includes the parent company of Toronto-based Omega General Insurance Company. Accelerant is a London, U.K.-headquartered underwriting group that works exclusively with MGAs and program administrators in the United States and U.K. The share purchase agreement between Accelerant and Till Capital Corporation […]
By Jason Contant | June 30, 2021
2 min read
The B.C. Wildfire Service is dealing with two out-of-control blazes in the Interior that have prompted evacuation alerts. The McKay Creek fire was discovered Tuesday burning about 23 kilometres north of Lillooet, and has grown to approximately 50 square kilometres as a result of the hot and dry conditions. The Squamish-Lillooet Regional District has issued […]
By The Canadian Press | June 30, 2021
1 min read
Three in five Canadian property and casualty insurance professionals report working more hours from home than when they were working in the office, according to a recent Canadian Underwriter poll. However, a number of readers wrote in open-ended responses that they’re fine with a longer workday if they don’t have to commute to the office, […]
By Adam Malik | June 29, 2021
3 min read
OTTAWA – The Liberal government is speeding up its goal for when it wants to see all light-duty vehicles sold in Canada to be electric. Transport Minister Omar Alghabra announced Tuesday that by 2035 all new cars and light-duty trucks sold in the country will be zero-emission vehicles. Until now the government had set 2040 […]
By Jason Contant | June 29, 2021
It’ll be a difficult enough adjustment for Canadian P&C professionals who were working remotely to head back to the office. But it’ll be particularly challenging for those who were hired and onboarded remotely, according to a Harvard Business Review blog published last week. As companies plan how to return to the office safely sometime during […]
By Jason Contant | June 28, 2021
4 min read
Canadian property and casualty insurance brokers are applauding the passage of Bill C-208, which they say will ease the tax burden for brokerage principals who wish to sell their business to family members. “The changes proposed in Bill C-208 would have a direct benefit for brokerage owners who want to keep the business in the […]
By David Gambrill | June 28, 2021
Aviva Canada is taking a deliberate and measured approach to change initiatives in the second half of the year, with the understanding the next few months and the looming return to the office will be a stressful time for employees. “We’re still going through and ahead with change initiatives,” Aviva Canada’s chief claims officer Bryant […]
By Jason Contant | June 25, 2021
Fears about COVID-19 infections in the workplace, questions about safety precautions, and concerns about vaccination rates are key reasons why some property and casualty insurance professionals say they are not enthused about a return to the office. Canadian Underwriter’s Working From Home survey found that nearly two in five of more than 800 P&C industry […]
By Adam Malik | June 25, 2021
Canadians who are eager to be part of the first wave of travellers to head abroad once border restrictions ease should pay close attention to what their travel insurance will and will not cover, experts say. There may be many exemptions in coverage at the moment since the Canadian government is still advising against non-essential […]
A supply chain bubble that is putting pressure on the Canadian P&C insurance industry should burst within a year or two and it’s just a matter of riding it out, an Aviva Canada claims executive suggested during a virtual fireside chat. “I’m not an economist,” said Bryant Vernon, Aviva Canada’s chief claims officer. “But from […]
By Jason Contant | June 24, 2021
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