HR
Lackner McLennan Insurance Ltd. announced on Tuesday that it has acquired Erb and Erb Insurance Brokers Ltd. Waterloo, Ont.-based Lackner McLennan (LMI) said in a press release that the acquisition occurred on Friday. Kitchener, Ont.-based Erb and Erb and Lackner McLennan will continue to operate as their own entities for the “next few years to […]
By Canadian Underwriter | August 2, 2016
2 min read
Mutual insurers’ share of the overall insurance market increased from 24% of direct premiums written in 2007 to just over 26% in 2014, reversing some of the declines of previous decades, according to Swiss Re’s latest sigma report. Released on Tuesday, Mutual insurance in the 21st century: back to the future? also found that the […]
5 min read
Risk management is becoming more about strategy and less about buying insurance and managing hazard risk, Julie Pemberton, RIMS president for 2016, says.
August 1, 2016
The Insurance Brokers Association of Ontario (IBAO) has announced the appointment of Colin Simpson as CEO, effective Wednesday. IBAO president Doug Heaman made the announcement on behalf of the association’s executive committee and recruitment committee. Simpson brings more than 15 years’ experience and knowledge of technical industry issues in the insurance field, the IBAO said […]
By Canadian Underwriter | July 28, 2016
The Centre for Study of Insurance Operations (CSIO) announced on Wednesday that Trillium Mutual Insurance Company has become the latest company to obtain CSIO certification for Personal Lines eDocs. When eDocs are used to their full potential, sending, receiving, sorting, scanning and destroying paper is no longer necessary, “saving the industry significant amounts of time […]
By Canadian Underwriter | July 27, 2016
The board of directors of Economical Insurance announced on Wednesday that Rowan Saunders has been named president and CEO effective Nov. 1. Having served as president and CEO of RSA Canada since 2003, Saunders (pictured right) will “further the vision of Economical to be one of Canada’s top P&C insurance companies and advance the company’s […]
4 min read
External cyberattacks are costing businesses in the United States about US$3.5 million in incurred annual costs, with 79% of polled businesses lacking comprehensive strategies to manage these risks, according to a new Ponemon Institute study sponsored by BrandProtect. Despite acute awareness of the millions of dollars in annual costs, and the business risks posed by […]
By Canadian Underwriter | July 18, 2016
Nine in ten global consumer product (CP) companies have faced a data breach and nearly one in two do not company with industry regulations, research from Gapgemini has found. The consulting, technology and outsourcing services firm conducted a global survey of 300 managerial executives across 86 companies in the consumer goods industry. Ten per cent […]
By Canadian Underwriter | July 14, 2016
The government of Alberta said on Monday that it is conducting technical consultations with industry stakeholders on the private automobile insurance system. A targeted stakeholder consultation is underway to gather evidence-based information to inform potential technical changes to regulations governing the private insurance system, Alberta Treasury Board and Finance said in a media release. The […]
By Canadian Underwriter | July 12, 2016
1 min read
Intact Financial Corporation (IFC) announced on Monday that the second Intact Service Centre has opened in Canada, this time in Ottawa. The first service centre opened in Calgary this February. With the launch of the new Intact Service Centre, Intact Insurance and belairdirect customers in Ottawa can now experience a “new simpler, faster and more […]
By Canadian Underwriter | July 11, 2016
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