Industry

Former State Farm Canada head Bellissimo joins industry regulator board

Barbara Bellissimo, former chief agent for State Farm Canada, is now on the board of Ontario’s insurance regulator. The Ontario Financial Services Regulatory Authority announced Monday that Bellissimo is a member of its board of directors effective Aug. 12. Bellissimo joined State Farm Canada as an underwriter in the 1980s, and was chief agent from […]

By Greg Meckbach | August 17, 2021

1 min read

How does North America’s cyber risk compare to other regions?

If your client thinks they are more at risk of a cyberattack in the future, they may not be imagining things. According to a recent survey from global cybersecurity company Trend Micro, 80% of global organizations report they are more likely to experience a data breach that impacts customer in the next 12 months. And […]

By Jason Contant | August 16, 2021

2 min read

Why mega-ships are mega risks for marine insurers

The blocking of the Suez Canal by the Ever Given container ship in March shows that ever-increasing vessel sizes continue to pose a disproportionately large risk, said marine insurer Allianz Global Corporate & Specialty SE (AGCS). On Mar. 23, 2021, the massive container ship Ever Given ran aground, crashing into a bank of a single-lane […]

By Jason Contant | August 16, 2021

3 min read

Northern Exposure: even in hard times, the Canada insurance market is heating up

For the global insurance industry, Canada offers a unique opportunity from a legal, regulatory, and economic perspective. AXA XL’s newest Country Manager for Canada talks about how the market is becoming a favourable frontier for growth and innovation.   Climate, supply chain, cyber, political -– just a few of the emerging risks that many organizations […]

August 16, 2021

5 min read