Industry
Investors are increasingly asking insurers about environmental, social and corporate governance (ESG) practices and how they are being managed, Intact Financial Corporation’s senior vice president and chief financial officer, Louis Marcotte, said recently. “In some cases, when we meet investors, they actually have an ESG expert in the meeting asking specific questions — and some […]
By Jason Contant | December 2, 2020
3 min read
Brokers are having some frank conversations with clients in the hotel and restaurant business about the realities they’re facing and how to survive the troubles ahead, says a hospitality broker leader. “The truth is that if anybody is going to fool their clients in any way by saying, ‘Hey, things are going to be okay,’ […]
By Adam Malik | December 2, 2020
Canada’s national association of provincial property and casualty insurance regulators is looking into “Best Terms Pricing” in all commercial lines following recent regulatory actions to ban the practice in the strata insurance line in B.C. and Alberta. The Canadian Council of Insurance Regulators (CCIR) “intends to look at the practice of Best Terms Pricing within […]
By David Gambrill | December 2, 2020
4 min read
WATERLOO, Ont. – Shares in BlackBerry Ltd. gained as much as 63.9 per cent in intraday trading on Tuesday following news of a deal with Amazon Web Services to develop and market BlackBerry’s intelligent vehicle data platform, called IVY. The stock traded as high as $12.54, up from Monday’s close of $7.65, before drifting lower […]
By The Canadian Press | December 2, 2020
2 min read
About two years ago, Northbridge Financial Corporation’s chief financial officer Craig Pinnock received an email purportedly from Northbridge CEO Silvy Wright requesting help with a wire transfer. “Silvy’s name’s there, Silvy’s signature, so I fire back quickly, ‘Sure, no problem. You have to tell me who you want it to go to and what it’s […]
By Jason Contant | December 1, 2020
Internal referrals made by successful employees are the top way brokerages are finding quality talent to add to their ranks, attendees of a recent webinar panel heard. When asked to discuss what strategies worked best to find talent, the three panellists all agreed on internal referrals. “The first one would be internal new hire referral […]
By Adam Malik | December 1, 2020
HALIFAX – Nova Scotia’s auditor general says the COVID-19 pandemic is highlighting the need for more robust cybersecurity and anti-fraud measures as government employees are forced to work remotely. However, he says the provincial government isn’t working fast enough to manage those risks. Acting auditor general Terry Spicer notes in a report released today that […]
By The Canadian Press | December 1, 2020
1 min read
In these times of social distancing and working from home, it’s become even more crucial to ensure strong cybersecurity measures are in place for you and your business. Working from home can pose its own challenges and takes adjusting to; the last thing anyone would want is a cyber breach to occur at the same […]
By Trisura | December 1, 2020
Tokio Marine Holdings Inc. plans to incorporate a new property and casualty insurer in Canada next year. The Japanese insurer announced Nov. 26 its new Canadian insurer will focus mainly on specialty business and have “limited overlap” with Tokio Marine & Nichido Fire Insurance Co. Ltd.’s existing Canadian branch. Tokio Marine Holdings intends to apply […]
By Greg Meckbach | November 30, 2020
If the Canadian property and casualty insurance industry’s second quarter results — a financial temperature check at the height of the pandemic — looked a bit sickly this year, the third quarter results show signs of overall recovery, data from Canada’s federal solvency regulator suggest. Buoyed by gains in the auto and the property lines […]
By David Gambrill | November 30, 2020
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