Commercial

How oil patch woes impact surety bond losses

Cutbacks in oil and gas is one reason bond claims have become more frequent in Western Canada, a surety expert for the nation’s largest insurer suggests. A slowdown in the construction market in Alberta – and to some extent in Saskatchewan and Manitoba – is affecting the surety market, said Bob Landy, vice president of […]

By Greg Meckbach | July 29, 2019

2 min read

How construction clients could be taking on too much risk

If you place insurance for construction clients, they could be signing contracts that saddle them with risks that they should not be taking on. “We are beginning to see tenders coming out where not enough design work has been done for prospective contractors to properly price their bids, yet contracts are awarded anyway, leaving the […]

By Greg Meckbach | July 26, 2019

3 min read

New chief agent in Canada for Allianz Global Corporate & Specialty

Linda Regner Dykeman is the new chief agent in Canada for German commercial insurer Allianz Global Corporate & Specialty SE. She replaces Ulrich Kadow, who is now global head of marine for Munich-based AGCS, which has offices in Toronto, Montreal and Vancouver. Dykeman has more than 25 years of commercial P&C experience for insurers in […]

By Greg Meckbach | July 16, 2019

2 min read

How Ontario got it right on surety

The federal government should follow Ontario’s lead in addressing contractor insolvency before the federal budget bill becomes law, says the Surety Association of Canada (SAC). The federal budget bill, Bill C-97, was tabled in March and passed second reading on Apr. 30. SAC’s president Steven Ness appeared before the Standing Committee on Finance earlier this […]

By Jason Contant | May 30, 2019

2 min read