Industry
Starting an insurance captive can help a company control losses, save money and get broader coverage, speakers suggested Wednesday at the 11th annual Captives and Insurance Strategies Summit. Teck Resources Ltd. has had a captive program for about 10 years, suggested Anne Chalmers, vice president of risk and chair of the materials and stewardship committee […]
By Canadian Underwriter | May 27, 2015
2 min read
Xuber, part of London, United Kingdom-based Xchanging’s insurance software business, revealed the second wave of results from its global reinsurance survey on Wednesday, which found that cultural integration was the biggest challenge facing reinsurers in relation to mergers and acquisitions (M&A). Chapter 2: Merger & Acquisition Success: A Market’s Challenge, was the second part of […]
3 min read
Independent adjusting and claims management company ClaimsPro, announced on Wednesday that it has acquired Atlantic Canada adjusting service Plant Hope Adjusters Ltd. Fred Plant (pictured, right), formerly president of Plant Hope Adjusters Ltd., will serve as senior vice president, operations, Atlantic Canada, with ClaimsPro and will work alongside Wayne Guy, ClaimsPro’s vice president, Atlantic Canada. ClaimsPro, a company […]
Commercial insurance brokerage Jardine Lloyd Thompson Canada Inc. announced Monday it will be opening a new regional office in Halifax. JLT Canada’s Halifax office will “initially” focus on construction, healthcare, life sciences and real estate, and will also support JLT Canada’s public sector practice. JLT Canada has its head office in Toronto, plus offices in […]
By Canadian Underwriter | May 25, 2015
The significant impact a single failure can have in an environment of quickly advancing interconnectedness and interdependency on the Internet demands a new way of thinking about cyber security, argues Ray Boisvert, president and CEO of I-Sec Integrated Strategies. Speaking at the ARC Group Canada Spring Seminar 2015 in Toronto Thursday, Boisvert, a former assistant […]
By Canadian Underwriter | May 24, 2015
5 min read
Despite not having all the answers on climate change, there is a pressing need to take action, Steve Williams, president and CEO of Suncor Energy, said in his keynote address at a panel discussion about the future of Alberta’s climate policy in Calgary on Friday. In the panel discussion, In This Together: Carbon Pricing and […]
By Canadian Underwriter | May 22, 2015
Canadian organizations currently have it “fairly easy” with respect to cyber security regulatory requirements, but should expect that at least some of the changes now unfolding elsewhere will eventually become part of this country’s landscape, it was suggested during the ARC Group Canada Spring Seminar 2015 in downtown Toronto Thursday. “I think, in the nicest […]
DETROIT – Exploding air bags made by Takata Corp. are so dangerous that U.S. safety regulators want to manage a massive recall so cars can be fixed faster. On Tuesday, Takata doubled the size of its recall to 33.8 million air bags, making it the largest recall in U.S. history. The air bags can inflate […]
By Canadian Underwriter | May 21, 2015
HALIFAX – Lawyers for one of the class-action lawsuits filed on behalf of people involved in a plane crash at Halifax’s airport in March held a meeting for passengers Wednesday to explain why they may wish to sign on to the legal case. Ray Wagner, lead partner in his Halifax-based firm, and Joe Fiorante of […]
Xchanging plc announced Wednesday a third-party administrator service, Xcelsia Claims, which is partnering with Pickering, Ont.-based ProFormance Group Insurance Solutions Inc. London-based Xchanging’s products include the Xuber insurance software. In addition to claims adjusting, Xcelsia Claims will provide “lineage reconciliation for the Canadian market,” Xchanging stated in a release. Xcelsia Claims will also provide “a […]
1 min read
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