Insurance & Risk, Analysis, Events and Careers
Industry
As more connected vehicles enter the automotive space, there’s a great opportunity for insurers to offer drivers more than a score based on their driving habits. Instead, said an industry observer, carriers can offer a greater array of services and become more integrated with their clients. It will all be possible thanks to the data […]
By Adam Malik | November 9, 2020
3 min read
British Columbia-based Westland Insurance Group Ltd. has moved into the Ontario market, announcing that it has acquired Gillons Insurance Brokers Ltd. The “significant and substantial milestone” supports Westland’s expansion strategy to become a national insurance brokerage, the brokerage said when it announced the deal last week. Westland’s latest acquisition comes on the heels of other […]
By Jason Contant | November 9, 2020
A takeover of RSA Canada by Intact would still leave clients with plenty of choice in property and casualty insurance while making Intact more of an international player, an Ontario broker suggests. However, another notes that there is reason for concern. Intact Financial Corp. announced Nov. 5 it intends to make a joint offer with […]
By Greg Meckbach | November 9, 2020
4 min read
OTTAWA – A Supreme Court of Canada ruling has dealt a blow to Mr. Sub franchisees in their quest for compensation over losses experienced during a Listeria outbreak. In a 5-4 decision Friday, the top court said Maple Leaf Foods did not owe the submarine sandwich outlets a duty of care under the law. Mr. […]
REGINA — Lawyers for the Saskatchewan government are to be in a Regina courtroom Wednesday to ask a judge to remove the province from a lawsuit filed by families of victims of the deadly Humboldt Broncos bus crash. But lawyers for the hockey families argue the province should accept responsibility for chronic inaction at the […]
By Adam Malik | November 6, 2020
As capacity for condo insurance shrinks and premiums continue to mount, property managers and condo boards will find greater success with underwriters if they can show they are embedding responsibility for risk management and mitigating losses into their corporate culture, an Aviva executive said recently. Underwriters are becoming more selective when it comes to the […]
2 min read
Steve Masnyk has been appointed as managing director of the Canadian Association of Managing General Agents (CAMGA), established in 2018 to advocate for Canadian MGAs. With more than 20 years of experience in government relations, Masnyk is the founder and principal of SkyBridge Strategies, a government relations firm that advocates on behalf of insurance companies’ […]
By David Gambrill | November 6, 2020
A consortium composed of Intact Financial Corporation and Nordic property and casualty insurer Tryg A/S is preparing a cash offer to acquire RSA plc for £7.2-billion (about Cdn$12.3 billion). Intact is Canada’s largest property and casualty insurer, with a market share of 15.27% and about $8.76 billion in net premiums written (NPW) in 2019. RSA […]
By David Gambrill | November 5, 2020
Craig Pinnock, chief financial officer of Toronto-based Northbridge Insurance, is heading the Black Initiatives Action Committee for Fairfax Financial Holdings Ltd., Northbridge’s corporate parent. The Black Initiatives Action Committee has one representative of the Black community from each of the seven Fairfax-owned companies in North America and Britain, Fairfax CEO Prem Watsa said Oct. 30 […]
By Greg Meckbach | November 5, 2020
In the 1989 hit movie Field of Dreams, starring Kevin Costner, 36-year-old Ray Kinsella is wandering through his cornfield one evening when he hears a voice whispering, “If you build it, he will come.” In this instance, “he” refers to the great baseball player “Shoeless Joe” Jackson, who was a controversial figure in the 1919 […]
5 min read
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