Risk

AIG makes strategic investment in workplace wearables start-up

American International Group, Inc.’s latest investment in technology meant to support data-driven approaches that help clients manage increasingly complex risks involves Human Condition Safety (HCS). Terms of AIG’s strategic investment in HCS – an early-stage technology start-up company developing wearable devices, analytics and systems to improve worker safety – were not disclosed, the company reports […]

By Canadian Underwriter | January 7, 2016

1 min read

Risk

AGCS launches crisis management division in North America

Allianz Global Corporate & Specialty (AGCS) is looking to help its North American clients with preventing, preparing for and recovering from crisis incidents with the launch of a new division. The company’s new Crisis Management division will operate from within AGCS’s global liability line of business, which provides insurance and service solutions pertaining to product […]

By Canadian Underwriter | January 7, 2016

2 min read

Risk

H.W. Kaufman Financial Group acquires Ajax, Ont.-based Technical Risk Services

H.W. Kaufman Financial Group announced on Wednesday that it has acquired Toronto-based Technical Risk Services (TRS), a provider of loss control services, inspections and risk control consulting. TRS is a full-service loss control inspection and consulting firm that has operated in Ontario for more than 15 years, with expertise in large, complex commercial building inspections in […]

By Canadian Underwriter | January 6, 2016

2 min read

Risk

Guy Carpenter reports stable capital at Jan. 1 renewals

Guy Carpenter & Company, a global risk and reinsurance specialist and wholly-owned subsidiary of Marsh & McLennan Companies, announced late Tuesday that overall capital levels dedicated to reinsurance have stabilized, showing no growth for the first time in several years. In a highly competitive environment, companies assessed broader opportunities and the rate of incoming capital […]

By Canadian Underwriter | January 6, 2016

5 min read

Economical demutualization committee chairman Bowey becomes chair of the board

John Bowey has replaced Gerry Hooper as chairman of Economical Insurance effective Monday, the Waterloo, Ont.-based carrier announced. Hooper, a former chief financial officer of Schneider Foods, stepped down as chair and “intends to continue serving” on the board of directors of Economical “until the expiry of his current term in 2018,” Economical stated Monday […]

4 min read

Merger of Willis and Towers Watson completed

Willis Towers Watson Public Limited Company, the successful completion of the merger of Willis Group Holdings and Towers Watson, began operating on Tuesday. The company, which will do business as Willis Towers Watson, follows the merger on Monday of Willis, a global risk advisor, insurance and reinsurance broker, and Towers Watson, a global advisory, broking […]

3 min read

Julie Pemberton named 2016 president of RIMS

RIMS, the risk management society, announced on Monday that Julie Pemberton will lead the Society as president for the 2016 term, which became effective as of Jan. 1. Pemberton (pictured left) is the director of enterprise risk and insurance management for Outerwall Inc., RIMS said in a media release. She has been a member of […]

2 min read

Claims Against Directors

Shareholders' lawsuits alleging misrepresentation, pollution clean-up orders and privacy breaches are some of the major trends that could influence directors' and officers' (D&O) liability claims in Canada, experts suggest. The Supreme Court of Canada in December paved the way for class action lawsuits against a major Canadian bank and a motion picture firm - as well as directors and officers of each firm - arising from a drop in share price. Meanwhile, a clean-up order issued to directors of an insolvent Ontario manufacturer "set off alarm bells" among corporate directors, one lawyer reports.

December 31, 2015

13 min read

Risk

AIG makes strategic investment in workplace wearables start-up

AGCS launches crisis management division in North America

H.W. Kaufman Financial Group acquires Ajax, Ont.-based Technical Risk Services

Guy Carpenter reports stable capital at Jan. 1 renewals

Economical demutualization committee chairman Bowey becomes chair of the board

Merger of Willis and Towers Watson completed

Julie Pemberton named 2016 president of RIMS

Claims Against Directors

Uber Exclusion

Psychological Injuries