InsuranceHires

TORONTO, ON, APR. 12, 2021/insPRESS/ – Markel Canada Limited, a leading underwriter of casualty, professional indemnity, specialty and property insurance is pleased to announce the appointment of Brad Moore as their new Assistant Vice President of National Business Development. Brad…

The post Markel Canada Limited Appoints New Assistant Vice President of National Business Development, Brad Moore appeared first on Canadian Underwriter.

Canadian Underwriter will be hosting a webinar, Commercial lines post-COVID: What the future holds, on Monday, Apr. 12, at 1 pm ET, to talk about the impact of the hard market on Canada’s commercial lines segment. The webinar will discuss…

The post Commercial P&C execs to discuss the impact of the hard market in Canada appeared first on Canadian Underwriter.

Canada’s property and casualty insurance industry needs to ramp up its public education efforts to bring the risk of catastrophic events home to the Canadian population, speakers said Thursday during the virtual CIP Society Symposium 2021. “I don’t like to…

The post How to bring the risk of catastrophic events home to your clients appeared first on Canadian Underwriter.

British Columbia’s income tax commissioner must re-visit a decision to bill Mutual Fire Insurance Company of British Columbia an extra $4.5 million in premium taxes and interest from the 2012 and 2013 taxation years. Mutual Fire appealed the ruling by…

The post Why B.C.’s tax collector tried to burn Mutual Fire for an extra $4.5 million appeared first on Canadian Underwriter.

Asking your workers whether or not they got their COVID-19 vaccine shot is not necessarily a good idea. “If you are going to require employees to disclose their vaccination status, you need to consider the nature of the workplace,” said…

The post Etiquette for asking if your employees are vaccinated appeared first on Canadian Underwriter.

OTTAWA – The head of the Canadian Museum of History has resigned following reported allegations of workplace harassment at the national institution. Museum CEO Mark O’Neill has been on a medical leave since last summer, when an independent investigation was…

The post Canadian Museum of History CEO resigns after probe into alleged workplace harassment appeared first on Canadian Underwriter.

TORONTO, ON, APR. 9, 2021/insPRESS/ – 30 Forensic Engineering, Canada’s leading multidisciplinary forensic firm, is pleased to announce that Mark Paquette B.A.Sc., CFEI, CVFI, P.Eng., Regional Director – Ottawa & Senior Associate, Collision Reconstruction and Fabian Erazo B.Eng., M.A.Sc., Associate, Human Factors…

The post 30 Forensic Engineering Experts to Present at the 2021 Society of Automotive Engineers (SAE) World Congress appeared first on Canadian Underwriter.

Patrick Lundy is about to take the reins of Burlington, Ont.-based Canadian University Reciprocal Insurance Exchange (CURIE). Lundy, CEO of Zurich Canada from 2012-17, will be CEO of CURIE effective Apr. 19, 2021. Until recently, Lundy was senior vice president…

The post Former Zurich Canada CEO to head up university reciprocal exchange appeared first on Canadian Underwriter.

Alberta is the only Canadian province where the average days billed for rental vehicles increased in 2020 Q4, according to a recent report. And it appears to be thanks to the almost $2 billion in insured damages the province suffered…

The post Repair cycle times in Canada: Where it takes the longest to get a car fixed appeared first on Canadian Underwriter.

Municipalities are not liable for “policy decisions” on matters such as snowplowing, but lawyers disagree on exactly what kind of a “policy decision” could shield a government from liability in a personal injury lawsuit. “Back home in Newfoundland, when there…

The post Supreme Court of Canada considers municipal liability in snow removal decisions appeared first on Canadian Underwriter.

Three large Canadian brokerages have announced recent acquisitions of other brokerages. On Thursday, Westland Insurance reported it closed its acquisition of MBS Insurance Brokers, effective Apr. 1. Navacord Corp. added LL Renaissance Insurance Brokerage Canada Limited to its ranks, while…

The post Three large Canadian brokerages announce separate M&A deals appeared first on Canadian Underwriter.

KELOWNA, B.C. – A condominium development under construction in Kelowna, B.C., has been severely damaged in a fierce early morning blaze. Flames broke out in a new phase of the Parklane townhouse complex on Kelowna’s north side on Tuesday. Fire…

The post Fire sweeps through unfinished condos in Kelowna, B.C., forcing nearby evacuations appeared first on Canadian Underwriter.

ILDERTON, ON, APR. 8, 2021/insPRESS/ – Middlesex Mutual Insurance Co. (MMIC) adds Residential Property Online Quoting to their existing automobile online quoting platform through partnership with Cognition+. The solution found at, https://www.middlesexmutual.on.ca/en/who-we-are/request-a-quote.aspx, delivers an easy- to-use method of obtaining a…

The post Middlesex Mutual adds Property Online Quoting including Water Protection Coverage to their existing Automobile Online Quoting with Cognition+. appeared first on Canadian Underwriter.

The pandemic will cost the global insurance industry at least US$200 billion, Lloyd’s predicts. “We estimate that the global insurance industry will pay around US$203 billion in claims and due to a reduction in asset values as a result of…

The post Pandemic will cost the global P&C industry more than $250 billion: Lloyd’s appeared first on Canadian Underwriter.

Intact Insurance has lost its appeal over procedural unfairness in an Alberta wildfire property damage claim, even though an umpire in the case made a decision based on information that was not placed on the record by either the claimant…

The post Intact wins the battle, but loses the war, in Alberta wildfire claim appeared first on Canadian Underwriter.

If your client is trying to rush the insurance buying process or is not concerned about price, that’s often a red flag that the transaction is fraudulent, RSA told Canadian Underwriter recently. “We know the majority of customers aren’t looking…

The post Brokers: pay attention to these insurance fraud ‘red flags’ appeared first on Canadian Underwriter.

Canada isn’t financially prepared to handle a major earthquake whenever it may come, says an industry observer. As a result, the property and casualty industry is at risk without a plan in place. Models are painting a grim picture of…

The post Canada’s P&C industry can’t shoulder the losses of the next earthquake by itself appeared first on Canadian Underwriter.

EDMONTON – A lawyer for Alberta Transportation says there’s a serious and urgent need for a proposed reservoir that could protect Calgary from future flooding. Ron Kruhlak made the comment during his closing argument Tuesday before the Natural Resources Conservation…

The post Review hears closing arguments into proposed reservoir to protect Calgary from floods appeared first on Canadian Underwriter.

CIAA Virtual Fundamentals of Accounting June 8 – 25, 2021 Register today to take advantage of the Early Bird rates! This workshop provides a comprehensive study in the application and theory of P&C insurance accounting The Fundamentals of Accounting Course…

The post CIAA Virtual Fundamentals of Accounting Course 2021 appeared first on Canadian Underwriter.

CIAA Exclusive Series: IFRS 17 Day Thursday, June 24, 2021 | 11AM – 5PM ET CIAA is introducing a new all-day program focused on IFRS 17. Please join us for IFRS 17 Day Thursday, June 24th. Following topics will be…

The post CIAA Webinar Series: IFRS 17 Day appeared first on Canadian Underwriter.

ATLANTA, GA, APR. 7, 2021/insPRESS/ – Envista Forensics, a leading global forensic consulting company, is pleased to announce that the company has added a new line of business, wholly dedicated to performing Major Loss Investigations following complex, catastrophic incidents and…

The post Envista Forensics Announces New Major Loss Practice appeared first on Canadian Underwriter.

CALGARY, AB, APR. 7, 2021/insPRESS/ – In a sweeping move, Sherif Gemayel, President and CEO of Trufla Technology sells all shares of Sharp Insurance and acquires majority ownership of Trufla Technology, marking a new era for the broker-focused insurtech company.…

The post Trufla restructured following the sale of Sharp Insurance appeared first on Canadian Underwriter.

CALGARY, AB, APR. 7, 2021/insPRESS/ – Synex is proud to announce its majority acquisition of Alberta-based insurance brokerage, Sharp Insurance as of April 1, 2021. Since its inception in 2009, Sharp Insurance witnessed rapid growth through the use of digital…

The post Synex Performance d’affaires acquires majority share of Sharp Insurance appeared first on Canadian Underwriter.

TORONTO, ON, APR. 7, 2021/insPRESS/ – FIRST Insurance Funding of Canada (FIRST Canada), the industry leader in insurance payment solutions, and Vertafore Canada are pleased to announce that innovative payment solutions are now available directly from within SIG. Redefine your…

The post FIRST Canada and Vertafore Canada announce launch of payment integration within SIG appeared first on Canadian Underwriter.

Reinsurers in Canada’s P&C industry had a rough time negotiating through COVID last year, with the sector’s overall combined ratio skyrocketing from a profitable 92.6% in 2019 to an unprofitable 103.7% in 2020. Claims costs were a major force behind…

The post Why you can expect your reinsurance rates to go up on renewal appeared first on Canadian Underwriter.

Navacord has built up a sizeable war chest to fund future mergers and acquisitions. The Toronto-based group of brokerages recently completed $1.05 billion in financing, a portion of which is to be used to take advantage of unspecified “M&A opportunities,”…

The post Navacord builds up war chest to finance future M&A appeared first on Canadian Underwriter.

Even though claims volume has significantly decreased during the COVID-19 pandemic, the number of claims flagged for possible fraud investigation remains comparable to pre-pandemic levels, RSA told Canadian Underwriter last week. “From RSA’s perspective… this indicates [claims] with concerning loss…

The post Number of suspicious claims “at an all-time” high during COVID: RSA appeared first on Canadian Underwriter.

Canadian property and casualty insurers have seen many a deal take place over the years — and it would be no surprise to see more to come, says a broker executive. During the latest edition of the Insurance Institute of…

The post Sky’s still the limit for Canadian P&C industry consolidation: broker exec appeared first on Canadian Underwriter.

VICTORIA – British Columbia is applying for a partial stay in a recent B.C. Supreme Court ruling about jurisdiction over motor vehicle injury disputes, pending its appeal of the same decision, Attorney General David Eby said this week. The March…

The post B.C. applying for stay in court ruling on auto injury claims: Attorney General appeared first on Canadian Underwriter.

OAKVILLE, ON, APR. 6, 2021/insPRESS/ – Doug Millar, Executive Vice President has made the decision to retire from DKI Canada effective April 30, 2021. During his tenure as Executive Vice President with DKI Canada, Doug played a critical role in…

The post Doug Millar announces retirement from DKI Canada appeared first on Canadian Underwriter.