Risk

Wildlife Roadsharing Resource Centre seeks to prevent vehicle/wildlife collisions

The Traffic Injury Research Foundation (TIRF), in partnership with State Farm Canada, has launched a new resource to enhance education and prevent the estimated 45,000 vehicle/wildlife collisions every year in Canada. Calling it the first of its kind in Canada, TIRF and State Farm Canada say the new web-based Wildlife Roadsharing Resource Centre – accessible […]

By Canadian Underwriter | September 15, 2015

3 min read

Towers Watson to acquire Brovada for US$15.24 million, move to expand insurance technology offerings

Global professional services company Towers Watson announced Monday that it has signed a definitive agreement to acquire Brovada, a Canadian insurance technology firm, for US$15.24 million. Towers Watson reports that the transaction, expected to close in the coming weeks, will have no material impact to the firm’s fiscal year 2016 earnings. Brovada is headquartered in […]

By Canadian Underwriter | September 14, 2015

2 min read

Marine cat model includes vulnerability curves for cargo

Aon Benfield announced Monday a catastrophe model, for marine and energy insurers, which includes databases on major ports and vulnerability curves for different types of cargo. London-based Aon plc stated that its reinsurance intermediary unit partnered with Risk Management Solutions (RMS) Inc. to develop the model, which it says will give “insurers the ability to […]

By Canadian Underwriter | September 14, 2015

1 min read

North America continues to see strong demand for transactional risk insurance: Marsh

North America continued to see strong demand for transactional risk insurance, with the market showing no signs of slowing down after the explosive growth witnessed in 2014, according to a statement released on Friday by Marsh Ltd. Canadian Underwriter reported in March that the number of transactional risk policies placed in United States and Canada […]

By Canadian Underwriter | September 11, 2015

2 min read