Industry
Willis North America has appointed Roger Hacala as senior vice president and Financial Institutions Practice Leader for Willis Canada. In his new role, Hacala will oversee the Financial Institutions Practice within Willis’s Canada region, which has offices in Toronto, Vancouver, Calgary, and Montreal. In addition to being responsible for business development, client engagement and talent development, […]
By Canadian Underwriter | October 23, 2014
2 min read
More insurance companies in the Europe, Middle East and Africa region view themselves as sellers of business units, as opposed to buyers, over the next three years, Towers Watson reported this week. In a survey of senior insurance executives, conducted by Towers Watson and intelligence provider Mergermarket, 60% of respondents said they expect to divest […]
OTTAWA – Ontario brokers should understand that the competitors they have today could be different than those they have five years from now – one reason the traditional business model will need to change, Chris Floyd, president of the Insurance Brokers Association of Ontario (IBAO), said in a speech Wednesday. “Our competitors are ramping up […]
There is a decided shift in the behaviour of Millennials compared to the youngest generation, a shift that those in business, including insurance brokers, will need to address, John Spence, an executive consultant, trainer and author of four books suggested Wednesday. “The Millennials were all about me, me, me – conspicuous consumption,” Spence told attendees […]
By Canadian Underwriter | October 22, 2014
ACE Ltd. reported Tuesday its financial results for the three months ending Sept. 30, reporting a combined ratio of 86.3% after “relatively light” catastrophe losses and a 2.7% year-over-year increase in net premiums written from North American property and casualty insurance. The Zurich-based holding company of insurance carriers reported net premiums written, in property and […]
Small and medium-sized businesses in the United Kingdom may be leaving themselves vulnerable to business interruption losses, based on a survey commissioned by insurer Aviva. Based on the poll of 1,500 small and medium business owners and decision makers in Great Britain in June, 62% of businesses do not have business interruption coverage or aren’t […]
FREDERICTON – New Brunswick’s interim leader of the Progressive Conservatives says Premier Brian Gallant is missing an opportunity during his trip to Alberta to learn more about shale gas exploration. Bruce Fitch says if the intention of the Liberal plan for a moratorium on shale gas fracking is to gather information, then this trip was […]
By The Canadian Press | October 21, 2014
1 min read
LONDON – A new study underscores the potential danger of airplane passengers infected with Ebola leaving West Africa: If there were no exit screening in place, researchers estimate that three people with the disease might fly out of the region each month. The hardest-hit West African nations have been checking passengers since summer, but the […]
By Canadian Underwriter | October 21, 2014
3 min read
Aviva Canada has committed to using the telematics solution from Quindell and Independent Broker Resources Inc. (IBRI), the for-profit arm of the Insurance Brokers Association of Ontario (IBAO), to execute its telematics offerings, IBAO notes in a statement Tuesday. Welcoming the move, IBAO suggests the decision will go a long way toward supporting Ontario’s independent […]
The Centre for Study of Insurance Operations (CSIO) has launched CSIO eXchange, an open forum for its broker, insurer and vendor members. CSIO says its eXchange platform provides members with an opportunity to: “With CSIO eXchange, CSIO can build awareness and engagement by providing its members with online forums and discussion groups that promote open […]
By Canadian Underwriter | October 20, 2014
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