Insurance Bureau of Canada

Insurance Bureau of Canada | December 04, 2018

Automated vehicles are coming to Canadian roads, but the insurance industry and governments still have work to do to make sure auto insurance policies and supporting legislation are updated to reflect the risks associated with collisions that involve autonomous driving technology a conversation that regulators across Canada are open to having, according to one expert....

Insurance Bureau of Canada | February 01, 2019

The Insurance Bureau of Canada (IBC) has pointed to a report from the Newfoundland and Labrador (NL) Board of Commissioners of Public Utilities (PUB) as proof that something must be done to curtail rising auto insurance rates in the province. The report summarized the public hearings on auto insurance rates that took place over the past year, and underscored ‘significant shortfalls’ in the current auto insurance system. The report does not, however, include any recommendations on the...

Gallagher | January 13, 2020

The Caribbean insurance broker provides property/casualty, and employee benefits products and services to private, public, and multinational companies. Arthur J. Gallagher & Co. (Gallagher) has acquired a 60% stake in Risk Management Services (RMS), a Caribbean insurance broker, for an undisclosed price. Risk Management Services is based in Port of Spain, Trinidad and Tobago. It was established in 1978 as a subsidiary of the Neal & Massy Group with an objective to address the insurance a...

AXA XL | January 13, 2020

The activities surrounding the mega-merger of AXA and XL Group’s businesses are far from over. Today, AXA XL announced that it has now merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Company SE (XLICSE). This move was a follow-on from the acquisition of XL Group by AXA that was completed all the way back in September 2018. The ACS, AXA ART, and XLICSE merger has been approved by regulatory authorities, including the Central Bank of Ireland and the Irish High Court, and t...