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American International Group Inc. has a new chief executive officer, Brian Duperreault, as of Sunday, the New York City-based insurer announced. Duperreault (pictured right), a former CEO of Marsh & McLennan Companies Inc., is now also president and director of AIG, the company announced Monday. Duperreault replaces Peter Hancock, who was appointed CEO in 2014. […]
By Canadian Underwriter | May 15, 2017
4 min read
The Toronto Insurance Conference announced Thursday that applications for its scholarship program are due Sept. 8. TIC, an association of Ontario commercial brokerages, started offering three scholarships per year in 2013 in order to encourage young people to consider a career in insurance. Recipients are announced each fall at the John E. Lowes breakfast at […]
By Canadian Underwriter | May 12, 2017
2 min read
London, Ont.-based McFarlan Rowlands Insurance Brokers announced on Wednesday that it will acquire Callister Musico Insurance Group of Sarnia, Ont. Located at 1315 Michigan Ave. in Sarnia, the Callister Musico office will become McFarlan Rowlands’ 15th branch in Ontario, allowing McFarlan Rowlands to enhance their portfolio and strengthen their presence in the current marketplace, the […]
By Canadian Underwriter | May 10, 2017
The fintech sector in Canada is not reaching its full potential, in part because of consumer complacency and a lack of trust in new alternatives to the big banks, according to a new summary from the Competition Bureau of Canada. The summary, published on Monday on the Bureau’s fintech portal, follows a workshop in late […]
By Canadian Underwriter | May 1, 2017
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has announced a “non-repayable contribution” of up to $2.5 million to Wilfrid Laurier University in Waterloo, Ont. to support a national “scale-up data platform.” The platform will “capture and track metrics of Canadian companies and provide invaluable insights into why early-stage companies fail or succeed,” […]
By Canadian Underwriter | April 28, 2017
Adrian Hall, former chief customer officer for RSA Insurance in Canada, takes the helm of Swiss Re Corporate Solutions in Canada May 1. He will be “responsible for managing the company’s strategy, development and performance,” Swiss Re Corporate Solutions said Thursday in a release. Hall – who will be based in Toronto – will report […]
By Canadian Underwriter | April 27, 2017
1 min read
PHILADELPHIA – Quantifying business interruption losses continues to be a big challenge, reported by almost six in 10 RIMS members taking part in a recent survey, but a well-conceived approach by risk managers can help to clear any hurdles. “By taking control of their data, establishing a team and developing plausible BI figures before losses […]
By Jason Contant | April 26, 2017
5 min read
PHILADELPHIA – The value of staff monitoring and reporting to identify behaviours that may seem linked to the risk of terrorism and workplace violence should not be underestimated, Harry Rhulen, chief executive officer of Firestorm, suggested Tuesday during an educational session at RIMS 2017 Annual Conference & Exhibition. “The ability to identify those people (possible […]
DETROIT – Fiat Chrysler and Google for the first time will offer rides to the public in the self-driving vehicles they are building under an expanding partnership. The companies announced in the spring of last year that they would build 100 self-driving Chrysler Pacifica hybrids minivans. Those vehicles have been tested in Arizona, California and […]
By Jason Contant | April 25, 2017
3 min read
Nearly three in four (72% of) employees across eight countries, including Canada, are willing to share sensitive, confidential or regulated company information, according to a recent survey from computer technology company Dell. Late last week, Dell released the results of its Dell End-User Security Survey, which found that not only are many employees likely to […]
By Canadian Underwriter | April 25, 2017
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