Industry
The Toronto Dominion Bank reported Thursday a 13.2% drop in insurance claims and related expenses, due in part to less severe weather conditions and a change in the mix of reinsurance contracts, while gross written premiums dropped nearly 5%. TD, whose fiscal year end is Oct. 31, released its financial results Dec. 3. TD reported […]
By Canadian Underwriter | December 3, 2015
3 min read
Franchise automotive company Driven Brands, Inc. announced on Wednesday that it has acquired CARSTAR Canada, one of the largest multi-store network of independently owned collision and glass centres in the country with more than 230 locations in 10 provinces. The development follows Driven Brands’ recent acquisition of CARSTAR’s operations in the United States. The combined […]
4 min read
Variable speed signs are being installed on sections of the Coquihalla, the Trans-Canada Highway and the Sea to Sky Highway in British Columbia as part of a pilot project to help reduce the frequency of weather-related crashes. With the rapidly changing weather in parts of B.C., such as rain turning to snow very quickly, the […]
By Canadian Underwriter | December 2, 2015
The percentage of polled Canadian executives with mergers and acquisitions (M&A) plans in the works has tripled over the past year, notes a report released Tuesday by Ernst & Young. Buoyed by optimism about the domestic economy, 73% of surveyed executives have M&A plans for the next year compared with just 24% in October of […]
Aviva Canada has announced the 15 grand prize winners of the $1 million Aviva Community Fund (ACF). Aviva Canada, a provider of home, auto, leisure/lifestyle and business insurance, announced the winners of Wednesday, one month after naming the 30 finalists. More than 548,000 votes were cast by Canadians during the 18-day voting period. The winners […]
The Royal Bank of Canada reported Wednesday its property and casualty insurance revenues from Canada were $958 million in the year ending Oct. 31, essentially unchanged from $951 million in 2014. Toronto-based RBC writes P&C insurance through RBC General Insurance, which ranked 15th in 2014 – by net premiums written – in the Canadian Underwriter […]
TORONTO – Auto manufacturers enjoyed their best November sales ever last month as the industry races toward what may well be a record year for light vehicle sales in Canada. DesRosiers Automotive Consultants says 145,426 cars and light trucks were sold in November, up 4.7 per cent from last year even though the month had […]
By The Canadian Press | December 2, 2015
1 min read
For the first nine months of 2015, underwriting income was nearly triple that of the same period in 2014, in the Canadian property & casualty insurance industry, MSA Research Inc. suggested in a recent report. Net premiums earned increased less than 2% as commercial insurance providers play a “dangerous game” of looser terms and softening […]
By Canadian Underwriter | December 1, 2015
2 min read
Can Canada's property and casualty insurance industry shift into a higher digital gear before disruption sets in? Being open to digital change - whatever the source of those ideas - and understanding what customers want is critically important for a smooth transition to a new digital model.
By Sharon Ludlow, President, Aviva Insurance Company of Canada | November 30, 2015
6 min read
CALGARY – Members of Alberta’s utility sector are voicing their support for the NDP government’s climate change plans, including phasing out coal power by 2030. Representatives from Atco Power, Altalink and the renewable energy sector were on hand Monday as Environment Minister Shannon Phillips and Energy Minister Margaret McCuaig-Boyd reiterated the government’s plan to see […]
By The Canadian Press | November 30, 2015
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