Industry

Lessons learned from ‘the toughest Cat season’

The COVID-19 pandemic made it difficult at times for insurers to work through natural catastrophes, said a Wawanesa executive during a recent web conference. But they’ve learned a few lessons because of it. As Cats stormed through Alberta to the tune of about $2 billion in insured damages, with the June hailstorm in Calgary leading […]

By Adam Malik | March 2, 2021

3 min read

Two emerging trends in D&O liability

Cyber claims morphing into directors’ and officers’ liability and the increased sophistication of the plaintiff bar in Canada are two emerging trends in D&O lines, HDI Global Specialty SE – Canada told Canadian Underwriter recently. Oren Schemool, head of financial lines underwriting with the company, said that over the past year, the industry has encountered […]

By Jason Contant | March 2, 2021

3 min read

How Intact will decide whether to keep RSA operations outside of Canada

It would have been difficult for Intact Financial Corp. to only buy RSA’s Canadian operation without buying other parts of London-based RSA plc, a senior Intact executive suggests. “It is difficult to pull [RSA Canada] away from the RSA Group for different reasons,” Intact CFO Louis Marcotte said, referring to the three-way deal announced this […]

By Greg Meckbach | March 2, 2021

2 min read

Mild spring with some wintry blasts predicted for most of Canada: Weather Network

Canadians across the country can look forward to a mild spring peppered with the odd winter flashback throughout the first part of the season, according to predictions from one prominent national forecaster. Chris Scott, chief meteorologist with The Weather Network, said Canadians can count on some sunny days to put a bounce in their step […]

By Jason Contant | March 2, 2021

2 min read