Industry
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
John Haas is the new president of the brokerage NFP in Canada. He will oversee all strategic and operational aspects of NFP’s business in Canada, collaborating closely with the current leadership team. He will lead the expansion of NFP’s footprint across Canada in all business segments. Haas succeeds Greg Padovani, who took on the role […]
By Jason Contant | March 1, 2021
Intact Financial Corp. will probably not be finished acquiring other insurers after Intact absorbs RSA Canada. “We will be ready at some point to take on more transactions in Canada,” Intact CFO Louis Marcotte said during the 22nd Annual Credit Suisse Virtual Financial Services Forum. He did not name any specific deals in the pipeline. […]
By Greg Meckbach | March 1, 2021
VICTORIA – British Columbia Premier John Horgan says completing the Site C dam is in the best interests of residents, despite the project’s price tag ballooning to $16 billion and completion date stretching to 2025. The premier told a news conference Friday that Site C has faced “significant challenges,” and the $5.3-billion cost increase and […]
4 min read
Saskatchewan Government Insurance (SGI) is the latest public auto insurer to announce customer rebates for drivers resulting from the ongoing COVID-19 pandemic. Both Manitoba Public Insurance (MPI) and the Insurance Corporation of British Columbia (ICBC) announced rebates in January and February, respectively. While details are still being finalized, it’s expected the average SGI rebate will […]
By Jason Contant | February 26, 2021
3 min read
You can grow your business by shrinking the office footprint, as long as you do it correctly, the CEO of Travelers Canada says. Several P&C insurance company executives are openly discussing how much office space they might actually need once the COVID-19 pandemic has subsided. A Canadian Underwriter survey of more than 1,100 P&C professionals […]
By Adam Malik | February 26, 2021
OTTAWA – The federal taxpayers’ watchdog says complaints to his office spiked in the hours after he went public with concerns about how the Canada Revenue Agency locked users out of their online accounts. The accounts were locked just over one week ago when the agency found evidence that an unspecified number of user IDs […]
Sonia Kundi is Zurich North America’s new chief risk officer for Canada. She has joined the Zurich North America group risk management team, effective immediately, and reports to North America Chief Risk Officer Colleen Zitt. In addition to being a member of Zitt’s leadership team, Kundi will also be a member of the Zurich Canada […]
By David Gambrill | February 25, 2021
1 min read
Enforcing a vaccination policy on staff is fraught with challenges, a brokerage expert warned. It’s a hot-button issue in the industry, according to the results of a recent online survey of more than 1,150 P&C insurance professionals conducted by Canadian Underwriter. Fully 72% of readers said they planned on getting vaccinated before they returned to […]
By Adam Malik | February 25, 2021
An all-policyholders’ vote on demutualization is scheduled this spring, Economical Insurance announced this week. “The process for getting this meeting on the calendar is on track,” said John Bowey, chairman of Waterloo, Ont.-based Economical, in an update posted Feb. 22 to the insurer’s website. Anyone who had non-mutual or mutual policies with Economical as of […]
By Greg Meckbach | February 25, 2021
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