Industry

Industry urged to get high-quality data into the hands of decision-makers

Getting consistent, high-quality scientific data into the hands of decision makers can protect people from the fallout of bad choices leading up to a catastrophe, such as what’s happened in Fort McMurray, Alta., a catastrophic data expert says. But it will take a coordinated effort to determine the right — and most effective — data […]

By Adam Malik | December 4, 2020

4 min read

B.C. institutional investor to acquire consolidator of P&C run-off books

One of Canada’s largest institutional investors has joined forces with Cinven, an international private equity firm, to acquire Compre, a specialist global consolidator of closed books of non-life insurance policies. Victoria-based British Columbia Investment Management Corporation (BCI) and Cinven announced Nov. 30 the deal to acquire Compre from CBPE Capital LLP. Financial details of the […]

By Jason Contant | December 4, 2020

2 min read

Who is funding many of these insurance mergers

The industry continues to consolidate and pension funds are one major source of capital for insurers, a Montreal-based merger and acquisition expert observes. “One or two notable [carrier M&A] transactions per year has slowly transformed the Canadian landscape, including the recently-announced acquisition of RSA by Intact and Tryg,” said Georges Pigeon, Montreal-based partner for deal […]

By Greg Meckbach | December 4, 2020

4 min read

Majority of cybersecurity executives expect to budget more to cope with COVID: study

TORONTO – A new study estimates more than half of executives responsible for cybersecurity expect to grow their budgets in response to new challenges raised by the COVID pandemic. Consulting firm PwC Canada says a poll of 3,000 executives around the world, found 55 per cent expected to budget more for security, with Canadian responses […]

By Jason Contant | December 4, 2020

1 min read