Risk

AIR Worldwide expands global pandemic model

Boston-based catastrophe risk modelling firm AIR Worldwide announced on Monday that it has expanded its global pandemic model to include outbreaks of six additional diseases. The model now explicitly accounts for nine pathogens, including bacterial and viral diseases, in addition to previously modelled influenza, coronaviruses (such as those responsible for SARS and MERS), and filoviruses […]

By Canadian Underwriter | July 25, 2016

3 min read

Risk

Marsh moves Martin South to president, U.S. & Canada from CEO Asia-Pacific

Marsh Inc. announced Thursday that effective Sept. 1, Martin South is appointed president of the United States and Canada division of the commercial insurance brokerage. South “will oversee Marsh’s US core brokerage, businesses in Canada, and portfolio of US businesses encompassing industries and practices,” Marsh stated in a release. Based in New York City, where […]

By Canadian Underwriter | July 22, 2016

2 min read

Risk

Kingsway Financial Services reports operating loss of US$1.1 million for Q2 2016, slight operating income for underwriting segment

Toronto-based Kingsway Financial Services Inc. has reported an operating loss of US$1.1 million for the second quarter of 2016 ending June 30, compared to US$2.5 million for the second quarter of 2015. Kingsway released its financial results on Friday, indicating that its Insurance Underwriting segment operating income was US$0.2 million for the second quarter of […]

By Canadian Underwriter | July 22, 2016

2 min read

Risk

Catastrophe bond issuance slowed during second quarter of 2016: Aon Securities

Following a record breaking first quarter issuance of US$2.22 billion, catastrophe bond issuance for the second quarter of 2016 stood at US$800 across five transactions – a relatively low figure during a historically active quarter, Aon Securities said on Thursday. “Such contraction can be in part attributed to competition from traditional markets as well as […]

By Canadian Underwriter | July 21, 2016

2 min read

New Allianz unit to write representations and warranties insurance in Canada

Allianz Global Corporate & Specialty (AGCS) SE announced Wednesday its new transactional liability unit in North America. “This new practice will offer financial protection specifically to protect against inaccuracies made about target companies or businesses in connection with mergers, acquisitions and divestitures,” Munich-based AGCS stated in a press release. In Canada, AGCS has offices in […]

2 min read

Berkshire Hathaway Specialty Insurance introduces four executive & professional lines for financial institutions, P&C insurers in Canada

One day after it announced that it had expanded into the transactional liability insurance market in Canada and the United States, Berkshire Hathaway Specialty Insurance (BHSI) said that it is introducing four new executive and professional lines in Canada. BHSI added in a press release on Wednesday that it has named Andrew Knight as national […]

2 min read

Chubb introduces insurance product for private Canadian companies

Chubb Ltd. announced on Monday that it has launched a modular insurance policy designed specifically for Canadian privately owned companies. ForeFront Portfolio addresses the broad range of liability risks faced by Canadian private companies in an increasingly risky and litigious business environment, Chubb said in a press release. “We are excited to launch ForeFront Portfolio […]

3 min read

Most U.S. drivers admit angry, aggressive behaviour or road rage

WASHINGTON – Nearly 8 of every 10 U.S. drivers admit expressing anger, aggression or road rage at least once in the previous year, according to a survey released Thursday by the AAA Foundation for Traffic Safety. The behaviour could include following too closely, yelling at another driver, cutting them off or making angry gestures. While […]

3 min read

Tensions in Eastern Europe prompt Canadian military deployment to Latvia

WARSAW, Poland – Canada is deploying what the Liberal government describes as its largest sustained military contingent to Europe in more than a decade, as NATO prepares for a protracted standoff with a resurgent Russia. In Poland, Prime Minister Justin Trudeau announced Friday that Canada will send troops and fighter jets to eastern Europe, where […]

4 min read

Northbridge warns of ‘dangerous mental distractions’ to drivers

The use of hands-free technologies while driving does not eliminate distracted driving risk, Northbridge Insurance suggested Thursday in a blog post. “Many drivers aren’t fully engaged on the road putting their lives and the lives of others at risk,” Toronto-based Northbridge stated in a blog post listing tips for managing distracted driving. “Even the use […]

1 min read