Industry

Powerful winds, high tides raise flooding concerns as storm sweeps across B.C.

VANCOUVER – Much of coastal British Columbia is braced for a brief but powerful windstorm while snowfall and winter storm warnings stretch from the inland north coast all the way to the northeast corner of the province. Environment Canada says a fast-moving cold front crossing the south coast and a low-pressure system north of Vancouver […]

By Jason Contant | November 17, 2020

1 min read

Swiss Re’s new head of P&C client markets in Canada

Agis Kitsikis has been appointed as Swiss Re’s new head of P&C client markets for Canada and the English Caribbean, effective immediately. He succeeds Stefan Behr, who recently accepted the position as Swiss Re’s head of business development for Europe, the Middle East and Africa. Kitsikis will lead a team of client managers and market […]

By David Gambrill | November 16, 2020

1 min read

Why smaller organizations are interested in creating captives

Interest in captives naturally increases as a hard market intensifies, but now even mid-market or smaller organizations are considering captives as an alternate way to transfer risk, panellists of a Canadian Underwriter webinar observed Monday. “Traditionally, when you think of a captive, you think of the Fortune 500 companies that have big balance sheets that […]

By Adam Malik | November 16, 2020

3 min read

Anti-trust issues unlikely if Intact acquires RSA Canada: Analyst

Intact Financial Corp. is unlikely to encounter any opposition from Canada’s competition regulator in acquiring RSA plc’s Canadian insurance operations, an expert from DBRS Morningstar predicts. “We see a material difference between the life insurance market and the P&C market in Canada. The life insurance market is concentrated with four names while P&C is much […]

By Greg Meckbach | November 16, 2020

4 min read