Industry
CNA Canada has appointed Greg Metcalfe as senior vice president and chief financial officer. In this role, he will be responsible for leading the finance and IT functions for CNA Canada. Metcalfe will report to Nick Creatura, president and CEO of CNA Canada. “I’m very excited to have Greg join our team as his financial […]
By David Gambrill | August 8, 2018
2 min read
Quebec’s largest insurance brokerage, Lussier Dale Parizeau, just got larger with the acquisition of Trinome Conseils. Trinome Conseils assists companies, associations and groups at the provincial and national levels with group insurance, pension plans, occupational health and safety, human resources and pay equity. Terms of the deal were not disclosed. With the acquisition, Lussier Dale […]
Zurich Insurance has appointed Saad Mered as CEO and chief agent of Zurich Canada, effective Oct. 1, 2018. Mered is currently chief claims officer for Zurich Insurance Group. He will be assuming the chief agent role from David Levinson, who will work together with Mered during the transition. Levinson will be returning to the United […]
By Jason Contant | August 7, 2018
Intact Insurance will be soon launching a new iteration of its usage-based auto insurance (UBI), a company official says. The revelation came during a July 31, 2018 conference call about the insurer’s past quarter results. During the call, an investment analyst asked Intact executives if a UBI solution offered by Metromile Inc., a U.S.-based auto […]
By Greg Meckbach | August 7, 2018
Although Ontario’s new Progressive Conservative government has not publicly disclosed its plans for auto insurance reform, the industry’s trade association has some thoughts on where it should go. Pete Karageorgos, director of consumer and industry relations with Insurance Bureau of Canada (IBC), said that implementing recommendations in the Marshall report and allowing greater innovation and […]
Specialty Lines insurance is quickly becoming the new commercial standard, thanks to the meltdown of the vanilla CGL policy. Here’s why you can expect to reach out to specialty markets more often in the future.
August 1, 2018
Ontario’s premium rates are rising the fastest among Canada’s private passenger auto insurance regimes, according to the Q2 2018 Auto Insurance Price Index from LowestRates.ca. A measure of only private passenger auto insurance regimes in Canada, the index from the online rate comparison site uses proprietary data to track the average cost of car insurance […]
By Jason Contant | August 1, 2018
Mergers and acquisitions will likely be a topic of discussion for mid-market reinsurers, executives with a large European reinsurer suggest. Efforts by large reinsurers to improve productivity will put “more pressure” on mid-sized and smaller reinsurers “to have this strategic question of consolidation in their future,” Mark Kociancic, chief financial officer of Paris-based SCOR SE, […]
By Greg Meckbach | July 31, 2018
Aviva Canada reported Thursday that it has added to its executive teams in risk, claims and information technology. Bryant Vernon is the new chief claims officer (CCO), Nicole Brouillard is the chief information officer (CIO) and Michel Dionne is the chief risk officer (CRO), the insurer said in a press release. Having recently moved to […]
By Jason Contant | July 26, 2018
When it comes to auto insurance premiums in Canada, drivers in British Columbia pay the most, followed by Ontario, data supplied by Insurance Bureau of Canada (IBC) revealed Wednesday. In B.C. last year, average annual auto premiums were $1,680. The second-costliest province for auto premiums was Ontario, at $1,445. On the other end of the […]
By Jason Contant | July 19, 2018
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