Industry
Echelon Financial Holdings Inc. announced on Friday that Serge Lavoie has resigned as director of the company and has been appointed president of its Canadian subsidiary. The effective date of the appointment is Dec. 1. Lavoie (pictured left) has extensive executive experience in the Canadian property and casualty insurance industry and will be responsible for […]
By Canadian Underwriter | November 13, 2015
2 min read
Monique F. Leroux, chair of the board, president and CEO of Desjardins Group, has been elected as president of the International Co-operative Alliance (ICA), the first Canadian ever elected as president of the alliance. She will also step down as head of Desjardins Group in April 2016. The election was held during the ICA Global […]
U.K.-based Cooper Gay Swett & Crawford (CGSC) announced Friday that the global wholesale, underwriting management and reinsurance broking group will pursue a sale of its North American business unit. “We believe this transaction will best serve the long-term interest of our clients, employees and shareholders,” says Steve Hearn, CEO of CGSC. The decision was made […]
1 min read
Ahead of the United Nations’ climate change conference COP21 in Paris beginning at the end of the month, a new report has found that Canada is unlikely to achieve an 80% reduction in greenhouse gas (GHG) emission levels in road transportation from 1990 levels by 2050. The Intergovernmental Panel on Climate Change has suggested that […]
By Canadian Underwriter | November 12, 2015
3 min read
WINNIPEG – Manitoba Public Insurance says statistics show that a rising number of rodents are on the run and looking for a place to take refuge as the weather grows colder. Unfortunately, that refuge often ends up being someone’s car. MPI says back in 2012, there were 1,546 rodent claims with 679 vehicles written off […]
By The Canadian Press | November 11, 2015
There will be nearly 21 billion installed “Internet of Things” (IoT) units by 2020, more than five times the number last year, Gartner Inc. predicts. “Aside from connected cars, consumer uses will continue to account for the greatest number of connected things, while enterprise will account for the largest spending,” stated Jim Tully, vice president […]
By Canadian Underwriter | November 11, 2015
Petley-Hare Limited, an insurance brokerage with nearly 100 years of experience in Ontario’s Durham Region, announced on Monday that it has launched a new digital division called Insurance Jack, which now serves clients across the province. “Insurance Jack was built on the premise that the insurance industry has evolved and consumers are interested in a […]
Low interest rates and funding costs, a weak global economic environment and regulatory and other changes have contributed to the growth in mergers and acquisitions in the global insurance industry, Moody’s Investors Service said on Tuesday. The growth in M&A in the insurance industry, now at its highest level for many years, has been driven […]
By Canadian Underwriter | November 10, 2015
Calgary’s Taxi and Limousine Advisory Committee (TLAC) held a special meeting on Tuesday to examine options for the committee to consider regulating Transportation Network Companies (TNCs). In a submission presented by Mario Henriques, the city’s Chief Livery Inspector, city administrators are seeking TLAC input on a “proposed framework that would permit TNCs to operate within […]
Rogers Insurance Ltd. announced on Tuesday that it has acquired a controlling interest of Brampton, Ont-based CCV Insurance & Financial Services Inc. under the previously formed Inowest Insurance Brokers Inc. group of companies. The acquisition represents the strategic expansion of Rogers into the Ontario marketplace, leveraging on CCV’s business locations in Brampton, Georgetown and Huntsville, […]
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