Industry
Two leading firms in the insurance telematics space have formed a strategic alliance to provide personal lines auto insurers with data and solutions for usage-based insurance (UBI) programs. Towers Watson and Hughes Telematics, Inc. (HTI) will use the partnership to allow companies to bring UBI programs to market sooner, notes a press release. Towers Watson […]
By Canadian Underwriter | September 5, 2012
2 min read
Fitch Ratings reports its outlook for the global reinsurance sector remains stable, with further strengthening of already-strong capitalization and continued premium growth into 2013. Underwriting and operating trends are expected to support reinsurers’ current ratings over the next one to two years, notes Fitch Ratings’ Report: 2013 Outlook: Global Reinsurance, released on Sept. 3. “While […]
By Canadian Underwriter | September 4, 2012
1 min read
RSA has announced two new appointments to its senior leadership team in Canada to support the company’s growth strategy in Quebec and Atlantic Canada. The company has named Glen Bates as vice president in Quebec, as part of its plans to acquire Quebec company l’Union Canadienne. Bates, formerly vice president in eastern Canada, will relocate […]
Men seem more willing than women in the United Kingdom to have vehicles fitted with telematics devices that can monitor driving behaviour and set insurance premiums, note findings from a poll commissioned by Towers Watson. The poll of 1,930 people – with responses weighted by gender and age group – showed a more than 60/40 […]
Stephen Halsall, the incoming president of the Insurance Brokers Association of Canada, has his sights on a familiar road ahead.
By Angela Stelmakowich, Editor | August 31, 2012
4 min read
As the difficult economic conditions over the past few years have continued to expose weaknesses in many international financial institutions, it is clear that a co-ordinated international approach to regulation has never been more important.
By J. Brian Reeve, Partner, Cassels Brock & Blackwell LLP | August 31, 2012
7 min read
Some in the Canadian insurance industry are looking to increase market share and appear willing to try to grow volume through mergers and acquisitions (M&A).
By Julian Brown, Partner and Vanessa Iarocci, Director, PwC's Deals practice | August 31, 2012
6 min read
The confluence of two technology trends - the massive adoption of personal technologies and the pervasive rise of social networking - is having an enormous impact on consumer behaviour. And the insurance industry is by no means immune to the effects of these shifting dynamics.
By James Hogg, Partner, Insurance, IBM Global Business Services | August 31, 2012
5 min read
1 George Cooke [1] announced in August that he would be retiring as president of The Dominion, formerly The Dominion of Canada General Insurance. Cooke began his distinguished career with the company 20 years ago as president and CEO. He will remain as CEO until December 31, 2012, will continue as executive vice president of […]
August 31, 2012
An Insurance Bureau of Canada (IBC) study on oil tank spills in Atlantic Canada shows the events prompted $78.58 million in claims for participating insurance companies from 2008 through 2011. In all, there were 663 domestic oil spill insurance claims made over the four-year period. In Atlantic Canada, 42% of homes have an oil tank. […]
By Canadian Underwriter | August 31, 2012
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