Industry
Ironshore International has appointed Paul Primiani as chairman of Ironshore Canada. Primiani is taking on the role from Mark Wheeler, CEO of Ironshore International. Primiani’s career has spanned four decades in the insurance industry, encompassing various underwriting and leadership positions within Canada and the United States. Most recently, he was executive vice president and chief risk officer of GCAN Insurance […]
By Canadian Underwriter | October 16, 2014
1 min read
U.K.-based Miller Insurance Services LLP and U.S.-based retail insurance broker William Gallagher Associates (WGA) have announced the availability of Pandemic Disease Business Interruption Insurance. Provided by the Ark Syndicate at Lloyd’s, the insurance would respond to loss of income arising directly out of quarantine shutdowns of healthcare facilities and the diminished revenues in the aftermath […]
3 min read
An insurance consulting firm is predicting an increased “momentum” in the use by insurers of unmanned aerial vehicles, or drones, while some insurance carriers are also testing driverless cars in order to determine how the technology will redefine risk. Boston-based Strategy Meets Action (SMA) recently released a report titled Emerging Technologies: Reshaping the Next-Gen Insurer. […]
By Canadian Underwriter | October 15, 2014
2 min read
ACE Group has released a multi-tier offering designed to enable organizations to engage in all levels of preparation to mitigate privacy and network security risks. The launch of Loss Mitigation Services for privacy and network security risks seeks to provide businesses with easy access to tools to tackle privacy and cyber risks when anti-virus software […]
The Insurance Information Institute (III) is encouraging vigilance to mark National Cyber Security Awareness Month in the United States and in the wake of recent figures showing that identity fraud is on the rise for the second consecutive year. Citing figures from the Federal Trade Commission, III reports that identity fraud affected more than 13 […]
Canadians largely don’t believe a major earthquake here is imminent, and many are misinformed about how potential damages from such an event would be covered, according to a new poll commissioned by the Insurance Bureau of Canada. Those Canadians living in areas most vulnerable to earthquakes believe that the danger is at least 50 years […]
By Canadian Underwriter | October 14, 2014
Companies that have not increased excess casualty insurance limits to match litigation cost inflation may be vulnerable to potentially underinsured catastrophic losses, Marsh cautions in a new briefing. Litigation costs – including jury verdicts for auto liability, product liability, medical malpractice and other casualty exposures – have steadily increased over the last several years, notes […]
4 min read
CALGARY – Street and traffic lights in downtown Calgary are back on this morning, but thousands of residents remain out of their homes after a major power outage in the city Saturday night. The power failure began after a fire in an underground vault that city electrical utility, Enmax, says will require equipment replacement rather than […]
By The Canadian Press | October 14, 2014
WINNIPEG – Manitoba Public Insurance is likely to face more questions later this month over a hiring freeze which, it turns out, does not cover most positions at the provincial Crown corporation. MPI has been under pressure from the Public Utilities Board, the provincial regulator, to look for cost savings as a way to limit […]
Brokers looking to stay competitive will need to take on more of a risk advisor role in the market, according to a new report from PwC. Not doing so means brokers may lose business to special risk advisors, PwC says in its report, Broking 2020, which is based on a survey of risk buyers (CFOs […]
By Canadian Underwriter | October 10, 2014
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