Industry
The purpose of insurance is not to bankroll high-risk, reckless behaviours
By David Gambrill, Editor-in-Chief | November 4, 2018
2 min read
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 in Oakville, Ont., announced Thursday the launch of its stock and transportation insurance product. It […]
By Jason Contant | November 2, 2018
1 min read
Canada’s reinsurance marketplace, featuring a relatively small piece of the global premium pie, creates a challenge for reinsurers to grow their business. So why do reinsurers remain optimistic about their future prospects?
By David Gambrill, Editor-in-Chief | November 2, 2018
6 min read
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 by Fairfax. Fairfax acquired a majority interest in London-based Brit in 2015 for US$1.88 billion. […]
By Greg Meckbach | November 2, 2018
Almost 99% of Canadians who take one or two-day trips don’t purchase travel medical insurance, Allianz Global Assistance Canada (AGAC) said recently. Data show less than 1.4% of single trip medical policies purchased through its various distribution channels are for one- or two-day trips, said AGAC, a travel insurance and assistance services provider. “That is […]
By Jason Contant | November 1, 2018
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 term structural issues, in my mind, that it ultimately has to address,” said Evan Greenberg, […]
By Greg Meckbach | October 29, 2018
3 min read
Chris Floyd, president of individual insurance services at the Ontario Teachers Insurance Plan (OTIP), is the new president of the Insurance Brokers Association of Canada. IBAC announced Monday its new leadership team, which was confirmed October 5 at its annual general meeting in Halifax. Floyd – who was born in Hamilton, Ont. and grew up […]
By Greg Meckbach | October 16, 2018
Whatever your role in the industry, you can rightfully feel harried by the demands of an insurance career today. You’re certainly dealing with more change and complexity than the people who received the debut issue of this magazine in January 1934. To name a few issues that challenge the modern insurance professional: developing an effective […]
By Ian Portsmouth | October 11, 2018
Ciara Brady, who previously worked in Toronto for both Swiss Re and Chubb, becomes head of global liability for Allianz Global Corporate and Specialty effective Jan. 1, AGCS announced Tuesday. Brady will work out of Zurich and succeed Michael Hohmann in her new role, Munich-based AGCS said in a release. Brady currently works in Zurich […]
By Greg Meckbach | October 10, 2018
TORONTO – Cannabis industry companies have several “deficiencies” in their disclosures to investors, including insufficient information in their financial statements, Canadian securities regulators say. The Canadian Securities Administrators reviewed the disclosures of 70 public companies in the marijuana industry and found licensed producers often did not provide enough information for an investor to understand their […]
By Jason Contant | October 10, 2018
4 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
