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WATERLOO, Ont. – Shares in BlackBerry Ltd. gained as much as 63.9 per cent in intraday trading on Tuesday following news of a deal with Amazon Web Services to develop and market BlackBerry’s intelligent vehicle data platform, called IVY. The stock traded as high as $12.54, up from Monday’s close of $7.65, before drifting lower […]
By Jason Contant | December 2, 2020
2 min read
About two years ago, Northbridge Financial Corporation’s chief financial officer Craig Pinnock received an email purportedly from Northbridge CEO Silvy Wright requesting help with a wire transfer. “Silvy’s name’s there, Silvy’s signature, so I fire back quickly, ‘Sure, no problem. You have to tell me who you want it to go to and what it’s […]
By Jason Contant | December 1, 2020
3 min read
Internal referrals made by successful employees are the top way brokerages are finding quality talent to add to their ranks, attendees of a recent webinar panel heard. When asked to discuss what strategies worked best to find talent, the three panellists all agreed on internal referrals. “The first one would be internal new hire referral […]
By Adam Malik | December 1, 2020
HALIFAX – Nova Scotia’s auditor general says the COVID-19 pandemic is highlighting the need for more robust cybersecurity and anti-fraud measures as government employees are forced to work remotely. However, he says the provincial government isn’t working fast enough to manage those risks. Acting auditor general Terry Spicer notes in a report released today that […]
1 min read
In these times of social distancing and working from home, it’s become even more crucial to ensure strong cybersecurity measures are in place for you and your business. Working from home can pose its own challenges and takes adjusting to; the last thing anyone would want is a cyber breach to occur at the same […]
December 1, 2020
Tokio Marine Holdings Inc. plans to incorporate a new property and casualty insurer in Canada next year. The Japanese insurer announced Nov. 26 its new Canadian insurer will focus mainly on specialty business and have “limited overlap” with Tokio Marine & Nichido Fire Insurance Co. Ltd.’s existing Canadian branch. Tokio Marine Holdings intends to apply […]
By Greg Meckbach | November 30, 2020
If the Canadian property and casualty insurance industry’s second quarter results — a financial temperature check at the height of the pandemic — looked a bit sickly this year, the third quarter results show signs of overall recovery, data from Canada’s federal solvency regulator suggest. Buoyed by gains in the auto and the property lines […]
By David Gambrill | November 30, 2020
Brokers who take a broad, scattershot approach to getting submissions approved by underwriters are only setting themselves — and their clients — up for failure and disappointment, an insurance executive warned during a recent webinar. For a better chance at success, try a smaller scope and a more targeted approach, recommended Andrew Steen, president of […]
By Adam Malik | November 30, 2020
FREDERICTON – Emergency Measures officials in New Brunswick are urging residents to be prepared for a large storm system that has the potential to cause flooding in low-lying areas. The storm, which is expected to hit the province later today, is forecast to bring strong wind gusts and heavy rain. Environment and Climate Change Canada […]
By Jason Contant | November 30, 2020
Aviva Canada CEO Jason Storah has no time for arguing about the validity of climate change and the threats facing the planet that are affecting the insurance industry. Instead of debates about climate change based on speculation and conjecture, he’d rather discuss data. “Look, I’m being I am very conscious that I don’t really want […]
By Adam Malik | November 27, 2020
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