Insurance Business Canada

Over the last 12 months, the sector has been struck by a double whammy of a hardening market and the emergence of the coronavirus pandemic, while brokers have had to simultaneously deal with a loss of capacity in the marketplace.

When it comes to cybersecurity, companies must not underestimate the importance of basic controls.

Somewhere between US$105 million and US$115 million in pre-tax catastrophes and other weather-related events net loss awaits AXIS Capital Holdings, if the Bermuda-headquartered insurance group’s first quarter estimate is spot on.

Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has announced the appointment of Jane Warren as active underwriter.

Software-as-a-service provider Acturis Group has entered into an agreement to acquire the electronic broker trading system Brovada from Willis Towers Watson.

Under the new partnership, Sonnet will serve as the Official Insurance Partner of the PWHPA.

The territorial government of Yukon has filed a lawsuit against a construction company and the insurance company that had served as a surety for the contract over claims that the construction firm’s overhaul work was faulty.

According to the firm, the appointments reflect the growth of Charles Taylor’s adjusting business in Canada, as well as the company’s strategy to bring strong talent to the leadership team.

Ontario-based Insurance & Mobility Solutions (IMS) is launching a new set of configurable tools, which allow insurers and mobility operators to expand the ways they can interact with usage-based insurance (UBI) customers.

With Beazley likely having already absorbed the majority of its losses from the COVID-19 pandemic, next year could be one of its strongest for more than a decade, the insurer’s CEO said.