HR
Excess Underwriting and Towerhill Insurance Underwriters Inc., both coverholders at Lloyd’s, announced on Thursday that they have merged effective Nov. 1. The companies will serve their broker partners as Excess Underwriting operated by Towerhill Insurance Underwriters Inc., said a joint press release signed by Towerhill Insurance president and CEO George Longo and Excess Underwriting president […]
By Canadian Underwriter | November 3, 2016
2 min read
The Insurance Institute of Canada (IIC) has elected Jean-François Blais, president of Intact Insurance, as chair of its board of governors. The IIC elected Blais at its 63rd annual general meeting on Oct. 25 in Charlottetown, P.E.I., the institute said in a press release issued on Thursday. Blais has been president of Intact Insurance since […]
Legal / Regulation
Ontario’s license appeal tribunal – which this year started hearing auto accident benefits disputes – presents “an opportunity” for auto insurers to “redefine how they provide their services,” an insurance company lawyer said Wednesday, while the retired judge who recommended changing the dispute resolution system told the audience of a panel discussion there is “lots […]
By Jason Contant | November 2, 2016
4 min read
Calgary-based brokerage InsureMy Ltd. and United Kingdom-based telematics provider Trak Global Group announced on Wednesday a partnership through an exclusive licensing agreement enabling InsureMy to “distribute products from the Trak/Carrot [Insurance] brand to maximize distribution points throughout Canada.” Trak Global Group is the telematics provider behind the “multi-award winning” Carrot Insurance brand, launched in 2012. […]
By Canadian Underwriter | November 2, 2016
Tech
Relayr is partnering with Hartford Steam Boiler (HSB), part of Munich Re, to develop customized insurance products to help relayr customers making Internet of Things (IoT) investments protect their return on those investments. Pointing out that that HSB has 150 years of experience insuring the equipment and technology used by businesses, relayr reports that the […]
Digital transformation can propel the insurance industry forward but barriers exist, with a “significant gap between organizations that leverage technology for competitive advantage and those that struggle with innovation,” according to a new study. The study, titled Assessing digital impact across insurer and channel operations, was released on Tuesday by the Genpact Research Institute – […]
By Canadian Underwriter | November 1, 2016
3 min read
Co-operators General Insurance Company announced on Tuesday that its wholly-owned subsidiary has purchased Assurance Aubin Insurance Brokers Ltd. The brokerage’s portfolio includes personal and commercial insurance policies, The Co-operators said in a press release. Assurance Aubin has locations in Hearst, Wawa and Terrace Bay, Ont. Current clients of the brokerage will be notified of the […]
OTTAWA — Transport Canada says new cars and small trucks will have to be equipped with rear-view camera systems starting in May 2018. The new regulations have been formally posted in the Canada Gazette for a 75-day comment period. The requirement for back-up visibility brings Canadian standards in line with those in the United States. […]
By The Canadian Press | October 31, 2016
1 min read
Toronto-based Moore-McLean Insurance Group Ltd. announced on Friday that it has acquired the assets of Markham, Ont.-based Hallmark Insurance Group and its family of companies. Beginning Oct. 28, they will form McLean Hallmark Insurance Group Ltd., and McLean Hallmark Financial Ltd. The new firm will have a broad footprint in the Greater Toronto Area, including […]
By Canadian Underwriter | October 28, 2016
The Council of Insurance Agents & Brokers (CIAB) in the United States has reported that nearly 40% of polled policyholders who purchased cyber coverage in the last six months have increased their coverage levels. Earlier this week, the CIAB released the findings of its Cyber Insurance Market Watch Survey, which polled 88 respondents from 66 […]
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