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Chris Lay has been appointed president and CEO of insurance broker and risk advisor Marsh Canada, the company announced on Tuesday. Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (MMC), said in a press release that Lay (pictured below right) will report to Robert Bentley, president of Marsh US and Canada. Lay succeeds […]
By Canadian Underwriter | May 11, 2016
2 min read
IBM Security has announced that eight universities – including three in Canada – will help train its Watson computer system on the “language of security” as part of a year-long research project. Watson for Cyber Security, a new cloud-based version of the company’s cognitive technology trained on the language of cybersecurity, was announced on Tuesday […]
By Canadian Underwriter | May 10, 2016
4 min read
Arthur J. Gallagher (AJG) has announced the acquisition of B.R. Rhymer Insurance Agencies Ltd., a personal and commercial lines broker located on Pembina Highway in Winnipeg, Manitoba. AJG, the international division of Arthur J. Gallagher & Co. outside of the United States, announced the acquisition on Wednesday. The agreement will see the business, which has […]
By Jason Contant | May 6, 2016
Early registration for the “cyber-safe” .insurance domain name opened on Wednesday via Instra Corporation, the corporate domain name retailer subsidiary of London, United Kingdom-based CentralNic plc. The protected domain space for the insurance industry “promises enhanced security for tens of thousands of insurance companies around the world, providing they can clear the authentication process that […]
By Canadian Underwriter | May 5, 2016
The loss of confidential information can be crucial to understanding the interactions between cyber and crime coverage, attendees to the NetDiligence Cyber Risk Summit heard on Friday. Matthew Davies, assistant vice president of Chubb Insurance Company of Canada, said that one major difference between crime and cyber policies is that the former doesn’t address the […]
By Jason Contant | May 2, 2016
3 min read
The Plug and Play Tech Center, a Silicon Valley global technology accelerator and venture fund, announced that it has partnered with the world’s largest reinsurer – Munich Re – to create what it is calling the first ever accelerator program for startups focused on insurance technology and innovation. The Plug and Play Tech Center, a […]
By Canadian Underwriter | May 2, 2016
John Sharoun, recipient of The CIP Society's 2016 Greater Toronto Area Fellow of Distinction Award, knows making an effort can produce solid results.
May 1, 2016
6 min read
The Financial Services Commission of Ontario (FSCO) has drawn a line in the sand when it comes to using telematics data for claims management, but it is not a given that line will always be in place, Blair Currie, vice president of Canadian business development for Intelligent Mechatronic Systems Inc. (IMS), suggested Thursday during an […]
By Jason Contant | April 29, 2016
Just 27% of the 330 respondents taking part in a recent online survey monitor business partners at least quarterly or more often, note findings from the 2016 Anti-Corruption Survey Report, released this week. Findings in the report from Dow Jones Risk and Compliance, in association with MetricStream Research, are based on responses to a survey […]
By Canadian Underwriter | April 28, 2016
Worldwide spending on security related to the Internet of Things (IoT) will reach US$348 million in 2016, a 23.7% increase from 2015 spending of US$281.5 million, according to Gartner, Inc. Gartner, an information technology research and advisory company based in Stamford, Conn., said that by 2018, spending on IoT security is expected to reach US$547 […]
By Canadian Underwriter | April 26, 2016
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