Industry

Pressure from investors isn’t the only reason insurers are exiting from fossil fuels

Many insurers and reinsurers are considering or actively transitioning away from insuring fossil fuel companies as pressure mounts from investors and clients over environmental, social and governance (ESG) practices. “But pressure from end investors isn’t the whole story,” Tom Johansmeyer, head of Property Claim Services (PCS), a Verisk business, wrote in a recent Harvard Business […]

By Jason Contant | June 1, 2021

4 min read

Thompson leaving RSA Canada following Intact acquisition

RSA Canada CEO Martin Thompson is leaving the company, says the insurer’s new owner, Intact Financial Corp. Intact and Danish insurer Tryg A/S announced Tuesday they have completed their acquisition of London-based RSA PLC. As part of the deal, Toronto-based Intact acquires RSA Canada as well as some of RSA’s international operations. “Martin Thompson announced […]

By Greg Meckbach | June 1, 2021

3 min read

Businesses at high risk in pandemic’s final days as subsidies fade, reopening delayed

HALIFAX – Lisa Drader-Murphy opened her first store in 1997 with $250 in the bank. Over more than two decades, the Canadian fashion designer built her luxury clothing brand debt-free by reinvesting her earnings back into the business. “I was raised with old-fashioned values,” she said from her home in Falmouth, a village in rural […]

By Jason Contant | June 1, 2021

4 min read

Three things brokers and tech giants have in common

Just as Amazon does not make the products that it sells, brokerages don’t write coverage. But what you do have in common with Amazon is you provide consumer choice among the products you distribute, an Alberta insurtech CEO suggests. “When you compare insurance brokers to big tech firms, you realize there are a lot of […]

By Greg Meckbach | May 31, 2021

2 min read