Industry
Respondents to Willis Towers Watson’s (WTW) latest Commercial Lines Insurance Pricing Survey – Canada (CLIPS Canada) have reported a 1.7% written premium price level increase during the second quarter of 2016 compared to the prior year quarter. Data was contributed by seven Canadian insurers/groups, representing over 20% of the Canadian commercial insurance market. The aggregate […]
By Canadian Underwriter | October 5, 2016
2 min read
Brokers responding to a recent survey suggest that they want more education on emerging insurance products, including those associated with residential overland flood, cyber risks and the sharing economy.
By Peter Hohman, President and Chief Executive Officer, Insurance Institute of Canada | October 4, 2016
6 min read
Tara Chammartin, recipient of the 2016 Dale Rempel Award of Excellence, is more than willing to share her passion for broker professional development.
By Angela Stelmakowich, Editor | October 4, 2016
Traci Boland, incoming president of the Insurance Brokers Association of Ontario, hopes that company and broker management systems will soon work together.
By Greg Meckbach, Associate Editor | October 3, 2016
5 min read
1 Rob Wesseling [1] becomes president and chief executive officer of The Co-operators Group Limited as of December 1, 2016, the Guelph, Ontario-based carrier reports. Currently executive vice president of property and casualty operations for The Co-operators and chief operating officer of the Sovereign General Insurance Company, Wesseling will replace Kathy Bardswick, who is retiring. […]
October 1, 2016
Brokers have an obligation to advise clients not only on coverage gaps, but also what insurance is available. Experts caution that small businesses can have complex risks and personal lines customers need to be asked about any commercial use of their assets, especially if they expect visitors to their home offices.
By Greg Meckbach, Associate Editor | October 1, 2016
13 min read
OTTAWA – The government hasn’t done enough to protect the privacy of “law-abiding Canadians” from new information-sharing powers in the omnibus security legislation known as C-51, says a federal watchdog. Privacy commissioner Daniel Therrien said Tuesday he was surprised that many federal agencies did not examine the effect the powers in the controversial Conservative bill […]
By Jason Contant | September 28, 2016
3 min read
Excess and surplus (E&S) underwriters in the United States will likely outperform standard market underwriters in 2017 even if underwriting profitability weakens next year, according to Fitch Ratings’ latest U.S. Excess and Surplus Lines Market Review report. E&S underwriters outperformed the property and casualty industry’s combined ratio by an average of eight percentage points from […]
By Canadian Underwriter | September 26, 2016
Members of the Ontario School Boards’ Insurance Exchange (OSBIE) will receive a record-breaking premium refund of more than $12 million thanks to a concerted focus on risk management and loss control, OSBIE announced Friday. Representing 30% of OSBIE’s annual written premium, the refund was announced during the exchange’s board meeting in September. Beyond the refund, […]
By Canadian Underwriter | September 23, 2016
Despite seeing a “major claims increase due primarily to the Fort McMurray fires in Alberta, Canada” and a challenging market environment, Lloyd’s of London has reported a profit of 1.46 billion pounds – or nearly $2.5 billion – for the first half of 2016. Lloyd’s released its 2016 interim results on Thursday. The figures show […]
By Canadian Underwriter | September 22, 2016
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