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Aviva Canada announced on Wednesday that it has received its first presentation of ideas from its BrokerTech LaunchPad pilot program, “a program that gives insurance brokers the opportunity to present their ideas for technologies to disrupt, transform and lead the insurance industry.” Tom Reid, Aviva Canada‘s executive director, digital brokers, told Canadian Underwriter that “while […]
By Canadian Underwriter | June 1, 2017
2 min read
The global insurance industry’s ability to confront structural and technological changes is now the greatest risk it faces, according to a new survey of insurers and close observers of the sector, released on Tuesday. The Centre for the Study of Financial Innovation’s (CFSI) latest Insurance Banana Skins 2017 survey, conducted with support from PwC, surveyed […]
By Canadian Underwriter | May 31, 2017
3 min read
The insurance industry in Canada saw a 6.6% hike in the combined operating ratio for the first quarter of 2017, from 94.7% in Q1 2016 to 101.3% in the first three months of this year, MSA Research Inc. president and CEO Joel Baker said on Wednesday. Baker released the “sneak preview” of Q1 2017 results […]
By Jason Contant | May 24, 2017
The Insurance Brokers Association of Canada (IBAC) is now accepting nominations for the 2017 Dale Rempel Award of Excellence. The award, named after the IBAC governor, recognizes and celebrates those who are actively involved in the professional development of property and casualty insurance brokers and who demonstrate commitment and support of education and lifelong learning […]
By Canadian Underwriter | May 18, 2017
Just over half (53%) of Canadian small business owners (SBOs) and just under half (48%) of C-suite executives don’t feel confident about their current secure destruction systems for paper or electronic media, according to the seventh annual Shred-it Information Security Tracker Survey. The Shred-it survey, conducted by Ipsos, found that Canadian businesses might not be […]
By Canadian Underwriter | May 17, 2017
4 min read
An analysis of CEO successions at the world’s largest 2,500 public companies over the past 10 years shows a marked increase in forced turnovers for ethical lapses, although Canada is among the countries with the lowest incidence of such dismissals. Forced turnovers from ethical lapses rose 36% from 3.9% of all successions in the 2007-2011 […]
Rogers Insurance Ltd. announced on Tuesday that it will obtain a minority shares purchase of Megson FitzPatrick Inc. The partnership between Calgary-based Rogers Insurance and Victoria, B.C.-based Megson FitzPatrick became effective May 5, Rogers Insurance said in a press release on Tuesday. “This partnership strengthens both organizations tremendously,” Rogers Insurance chief operating officer Bruce Rabik […]
By Canadian Underwriter | May 16, 2017
American International Group Inc. has a new chief executive officer, Brian Duperreault, as of Sunday, the New York City-based insurer announced. Duperreault (pictured right), a former CEO of Marsh & McLennan Companies Inc., is now also president and director of AIG, the company announced Monday. Duperreault replaces Peter Hancock, who was appointed CEO in 2014. […]
By Canadian Underwriter | May 15, 2017
The Toronto Insurance Conference announced Thursday that applications for its scholarship program are due Sept. 8. TIC, an association of Ontario commercial brokerages, started offering three scholarships per year in 2013 in order to encourage young people to consider a career in insurance. Recipients are announced each fall at the John E. Lowes breakfast at […]
By Canadian Underwriter | May 12, 2017
London, Ont.-based McFarlan Rowlands Insurance Brokers announced on Wednesday that it will acquire Callister Musico Insurance Group of Sarnia, Ont. Located at 1315 Michigan Ave. in Sarnia, the Callister Musico office will become McFarlan Rowlands’ 15th branch in Ontario, allowing McFarlan Rowlands to enhance their portfolio and strengthen their presence in the current marketplace, the […]
By Canadian Underwriter | May 10, 2017
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