Risk

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TECHNOLOGY Ottawa, Manitoba expanding network of weather stations The federal and Manitoba governments are expanding the province’s network of automated weather stations to provide farmers with more accurate information on rain and snowfall distribution. “Data from these weather stations will also be used to enhance flood and drought forecasting, precipitation maps and monitoring severe weather,” […]

January 31, 2016

6 min read

Two B.C. MGAs to merge; company will be rebranded as Guardian Risk Managers Ltd.

Two Managing General Agents (MGA) in British Columbia have announced their intention to merge into one new organization, effective Feb. 1. Guardian Risk Managers and Chutter Personal Lines Underwriting Services (CPLUS) announced that they would re-brand as Guardian Risk Managers Ltd. The combined new MGA will be headquartered in Surrey, B.C. The new company will […]

By Canadian Underwriter | January 29, 2016

2 min read

Coface identifies risks to monitor in 2016, Canada given risk downgrade

Weak growth, political tensions and company debt in emerging economies are three risks that should be on the radar in 2016, notes a new report from Coface. “A cautious approach to country risk will be necessary in 2016, since the risks that emerged in 2015 are expected to continue this year,” notes global credit insurer […]

By Canadian Underwriter | January 29, 2016

2 min read

Marsh launches new global excess cyber risk facility

Global insurance broking and risk management company Marsh LLC announced on Wednesday the launch of Cyber ECHO, a new global excess cyber risk facility that provides “more reliable insurance coverage” for organizations around the world, including in Canada. Following a series of high-profile cyber losses, underwriters have become more selective and in some cases are […]

By Canadian Underwriter | January 27, 2016

2 min read