Industry
Manitoba Public Insurance (MPI) completed the first nine months of the 2015 fiscal year with a net income of $10.9 million and total earned revenues that were $51.1 million higher than over the same period last year. “The positive financial picture can be attributed to a number of factors including growth in the volume and […]
By Canadian Underwriter | January 18, 2016
1 min read
Intact Insurance, Canada’s largest home, auto and business insurance company, announced on Monday that it has launched drone insurance for its commercial lines customers. The unmanned air vehicle (UAV) coverage “caters specifically to small and medium-sized businesses that currently use or plan to use drones to complement their business operations,” Intact Insurance said in a […]
2 min read
Canadian Underwriter magazine and DMTI Spatial are offering a webinar on Feb. 25th highlighting the business impact of digital disruption driven by consumers and mobile-first start-ups. The webinar, titled 2016 – Year of Disruption: P&C Insurance Re-imagined, will be held on Thursday, Feb. 25 at10:30 am EST and will run for approximately 45 minutes. Speakers […]
By Canadian Underwriter | January 15, 2016
Intact Insurance Company, Canada’s largest home, auto and business insurance company, has obtained certification for Commercial Lines eDocs from the Centre for Study of Insurance Operations (CSIO). “We are pleased to offer the eDocs solution to our brokers, who will reap its many benefits, including a more streamlined workflow plus easy retrieval of their policy […]
By Canadian Underwriter | January 14, 2016
Berkshire Hathaway Specialty Insurance announced Monday it is offering claims-made liability coverage in Canada for professionals facing allegations of negligence, misleading statements and breach of duty, among other things. The coverage – dubbed Professional First Miscellaneous Professional Liability – will cover professionals and professional firms, says Boston-based Berkshire Hathaway Specialty Insurance, which announced its entry […]
By Canadian Underwriter | January 11, 2016
Ratings firm A.M. Best Company said on Monday that it expects that dedicated reinsurance capacity, which includes US$68 billion of convergence capacity, will likely remain flat at an estimated US$400 billion in 2015 compared with the previous year. A.M. Best, working in conjunction with Guy Carpenter, has estimated the amount of capital dedicated to writing […]
BrokerLink, one of Canada’s largest property and casualty insurance brokerages whose companies are subsidiaries of Intact Financial Corporation, has announced that it has acquired two Ontario insurance companies. City Insurance Offices Ltd., operating out of Sarnia and Petrolia, Ont., and Philpot & Delgaty Insurance Ltd., announced last week that they will join BrokerLink. City Insurance […]
Aviva Canada announced on Wednesday that it will offer personal coverage for ridesharing drivers. Aviva Canada, a provider of home, auto, leisure/lifestyle and business insurance, announced the coverage for drivers that carry paying passengers in their own vehicles. The coverage will become available for Ontario drivers in early February, and is a simple addition to […]
By Canadian Underwriter | January 6, 2016
TORONTO – Fiat Chrysler Canada, one of the biggest car manufacturers in the country, says it saw its annual sales rise 1.1 per cent in 2015 in what is expected to be a record year for Canadian auto sales. The company sold 293,061 vehicles last year, fuelled by sales of light trucks, a category that […]
By The Canadian Press | January 5, 2016
Declining investment yields are among the most considerable operating challenges facing property and casualty insurers in the United States heading into 2016, credit ratings and research firm Fitch Ratings said on Wednesday. Yields in insurers’ investments “fell again in 2015 and will likely fall further in 2016 unless long-term rates meaningfully rise,” Fitch Ratings said […]
By Canadian Underwriter | December 23, 2015
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