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An agreement has been reached to merge the operations of Lussier Dale Parizeau (LDP) and Riverin Girard & Associés and Ouellet Fillion, a move expected to enhance customer service and bolster LDP’s presence in Quebec. The deal was announced jointly by Patrice Jean, president and CEO of LDP, Sylvie Lambert, president and general manager of […]
By Canadian Underwriter | September 28, 2016
2 min read
Business interruption (BI) is the leading cause of losses for companies, multinational organizations and non-governmental organizations (NGOs) that operate outside the United States, according to a study released on Thursday by international insurance broker Clements Worldwide. The Clements Worldwide Risk Index (CWRI) for summer/fall 2016 found that property damage and general liability are the close […]
By Canadian Underwriter | September 23, 2016
3 min read
Insurers need to understand potential disruptions to risk analysis and cost basis as well as distribution to effectively manage their strategies, suggested a new report from Boston-based research and advisory firm Novarica. The pace of technological change makes it a daunting task for insurers, many of whom are still managing legacy systems, to understand which […]
By Canadian Underwriter | September 22, 2016
Zurich Insurance Group announced on Tuesday that it will combine its corporate and commercial businesses into a “single global business as part of its process to simplify and strengthen its organization.” The new unit, to be called Commercial Insurance, brings together corporate and commercial insurance expertise worldwide under a single umbrella. It will be headed […]
By Canadian Underwriter | September 21, 2016
Two brokerage executives and the chair of the Ontario Mutual Insurance Association are recognized by the Chartered Insurance Professionals (CIP) Society with national leadership awards, the Insurance Institute of Canada announced Wednesday. Robert Pearson, president and chief executive officer of Town & Country Mutual Insurance Company, is one of two recipients this year of the […]
The Transportation Safety Board of Canada (TSB) is calling for the implementation of voice and video recorders on locomotives in Canada. The call follows the release of the TSB’s report on its safety study, Expanding the use of locomotive voice and video recorders in Canada. The study, which was launched by TSB in May 2015, […]
By Canadian Underwriter | September 20, 2016
Aviva Canada has opened its 2016 Aviva Community Fund (ACF) competition for submissions. Canadians with ideas for positive change in their community can submit them for a chance to share $1 million in funding, Aviva Canada said in a press release on Monday. There are three ACF categories – Community Resilience (Environment, climate, disaster relief […]
Chubb has announced the availability new coverages under its specialized clean tech industry insurance program meant to help firms, including rebuilding “green” in the event of a covered property loss. The Clean Tech Sustainability Suite – available in the United States and Canada – offers essential protection for firms doing research and development (R&D) and […]
By Canadian Underwriter | September 16, 2016
The Insurance Institute of Canada (IIC) announced on Thursday that it has launched CE OnDemand, a new catalogue of online courses based on a survey of brokers’ continuing education needs. The IIC said in a press release that CE OnDemand is based on a recent poll of more than 600 brokers and general insurance agents. […]
By Canadian Underwriter | September 15, 2016
The worldwide public cloud services market is projected to grow 17.2% in 2016 to total US$208.6 billion, up from US$178 billion in 2015, according to Gartner, Inc., a Stamford, Conn.-based information technology research and advisory company. Gartner said in a press release on Thursday that the highest growth will come from cloud system infrastructure services […]
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