Industry

Innovation coming from the Lloyd’s market

The Lloyd’s market has seen some “remarkable technologies” emerging recently, Marc Lipman, president of Lloyd’s Canada, said during the virtual IBAO Convention late last month. “A couple of Canadian-based companies have travelled to London to work through the Lloyd’s lab because they get such immediate collaboration with the market, with underwriters,” Lipman said during the […]

By Jason Contant | November 2, 2021

2 min read

Canadian brokerage space sees partnership, integration of brands

Ontario brokerage StoneRidge Insurance Brokers (SIB) has entered into a partnership with Underwriters Alliance, Inc. (UAI) to expand its service offering in group benefits and human resources services. In another announcement, large brokerage Navacord said it had completed the integration of two existing brands. SIB Corp., operating as StoneRidge Insurance Brokers, made their partnership announcement […]

By Jason Contant | November 2, 2021

2 min read

Suspected cyberattack in N.L. hits ‘brain’ of province’s health care system

ST. JOHN’S, N.L. – A suspected cyberattack on Newfoundland and Labrador’s health network has led to the cancellation of thousands of medical appointments across the province and forced some local health systems to revert to paper. The “brain” of the network’s data centre, operated by Bell, has been damaged, including the main and backup computer […]

By Jason Contant | November 2, 2021

3 min read

Canada ranks third for ransomware attacks

Businesses in Canada, with 62 attacks, are the third most likely worldwide to have their data held hostage, said new research by NordLocker. Researchers, who analyzed 1,200 companies hit by ransomware gangs in 2020 and 2021, said the U.S. (732 cases), U.K. (74), France (58) and Germany (39) filled out the top five. As for […]

By Phil | November 1, 2021

2 min read