HR
As one of the brokerages that was “significantly affected” by the Fort McMurray wildfires, Sharp Insurance was able to contact every single one of its clients using analytics, attendees to the Insurance Analytics Canada conference heard on Friday. “We were able to review and mobilize our team and get in touch with all of our […]
By Jason Contant | May 16, 2016
3 min read
Data analytics needs to be seen as a continuous journey, not just a destination, and those insurers that look forward to analytics in 10 years’ time will be the most likely to succeed, a speaker suggested on Friday at the Insurance Analytics Canada conference in Toronto. “The best firms, the most successful firms on this […]
By Jason Contant | May 15, 2016
4 min read
Insurance agency mergers and acquisitions in Canada and the United States hit an all-time high for the first quarter of the year, with 109 reported transactions in the first three months of 2016, according to OPTIS Partners’ M&A database. The data covers U.S. and Canadian agencies selling primarily property and casualty insurance, agencies selling both […]
By Canadian Underwriter | May 12, 2016
2 min read
Chris Lay has been appointed president and CEO of insurance broker and risk advisor Marsh Canada, the company announced on Tuesday. Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (MMC), said in a press release that Lay (pictured below right) will report to Robert Bentley, president of Marsh US and Canada. Lay succeeds […]
By Canadian Underwriter | May 11, 2016
IBM Security has announced that eight universities – including three in Canada – will help train its Watson computer system on the “language of security” as part of a year-long research project. Watson for Cyber Security, a new cloud-based version of the company’s cognitive technology trained on the language of cybersecurity, was announced on Tuesday […]
By Canadian Underwriter | May 10, 2016
Arthur J. Gallagher (AJG) has announced the acquisition of B.R. Rhymer Insurance Agencies Ltd., a personal and commercial lines broker located on Pembina Highway in Winnipeg, Manitoba. AJG, the international division of Arthur J. Gallagher & Co. outside of the United States, announced the acquisition on Wednesday. The agreement will see the business, which has […]
By Jason Contant | May 6, 2016
Early registration for the “cyber-safe” .insurance domain name opened on Wednesday via Instra Corporation, the corporate domain name retailer subsidiary of London, United Kingdom-based CentralNic plc. The protected domain space for the insurance industry “promises enhanced security for tens of thousands of insurance companies around the world, providing they can clear the authentication process that […]
By Canadian Underwriter | May 5, 2016
The loss of confidential information can be crucial to understanding the interactions between cyber and crime coverage, attendees to the NetDiligence Cyber Risk Summit heard on Friday. Matthew Davies, assistant vice president of Chubb Insurance Company of Canada, said that one major difference between crime and cyber policies is that the former doesn’t address the […]
By Jason Contant | May 2, 2016
The Plug and Play Tech Center, a Silicon Valley global technology accelerator and venture fund, announced that it has partnered with the world’s largest reinsurer – Munich Re – to create what it is calling the first ever accelerator program for startups focused on insurance technology and innovation. In partnership with founding anchor partner Munich […]
By Canadian Underwriter | May 2, 2016
John Sharoun, recipient of The CIP Society's 2016 Greater Toronto Area Fellow of Distinction Award, knows making an effort can produce solid results.
By Angela Stelmakowich, Editor | May 1, 2016
6 min read
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