Insurable Interest Canadian Insurance Blog

New offering gives private equity firms portfolio-level visibility into cyber risk, enabling CISOs and operating partners to manage aggregate exposure across investments from acquisition through exit  San Francisco, CA (June 3, 2026) – Today, leading cyber risk solutions company Resilience announced the launch of its Private Equity Cyber Risk Program, a new offering designed to help private equity (PE) firms manage cyber exposure across their portfolios. It connects Arc, Resilience’s cyber risk management platform for complex organizations, with bespoke insurance endorsements through carrier partners to address structural coverage gaps across the investment lifecycle. Private equity firms operate in a fundamentally different risk environment than traditional enterprises. Security leaders are responsible for dozens of portfolio companies, each with distinct systems, controls, and reporting structures. Some report directly to the PE firm while others sit beneath additional parent entities that further obscure oversight. As firms scale through acquisitions, divestitures, and shared infrastructure, that risk becomes increasingly concentrated and interconnected. Yet most still rely on fragmented, point-in-time assessments at the individual company level, with little to no regular flow of security data back to the firm. In a constantly evolving threat landscape, this visibility gap is where exposure compounds–the distance between what was...

Toronto, ON (May 25, 2026) – As temperatures rise and projects accelerate, Canada’s construction sector is entering its busiest period of the year. Often referred to as “crane season,” the summer months typically see a surge in development activity across residential, commercial, and infrastructure projects, particularly in urban centres. “With tighter timelines, increased labour demand, and higher project values, this seasonal spike not only drives economic momentum but also introduces a more complex risk environment for contractors, developers, and project stakeholders”, mentioned Gary Hirst, CEO, CHES Special Risk. Seasonal Growth Meets Operational Pressure The summer construction period is characterized by accelerated project schedules and overlapping workstreams. Builders aim to maximize favourable weather conditions, resulting in increased site activity, longer work hours, and greater coordination between multiple trades. This heightened pace can amplify common construction risks, including: Equipment damage or breakdown during high‑usage periods Site congestion leading to accidents or third‑party liability exposures Material handling and storage challenges Delays or disruptions impacting project timelines and costs In this environment, both physical damage risks and liability exposures tend to become more pronounced. Specialty insurance providers with dedicated construction expertise play a key role during this period, supporting brokers with tailored underwriting approaches...

Tronto, ON (May 21, 2022) — The Canadian Association of Managing General Agents (CAMGA) has published a new white paper, White Paper on Recommended Provincial Regulatory Standards for Property and Casualty Managing General Agents, authored by respected insurance industry expert Patrick Ballantyne. The white paper is available in both English and French and represents a significant milestone in CAMGA’s ongoing work to advance a clear, consistent, and fit-for-purpose regulatory framework for property and casualty (P&C) Managing General Agents (MGAs) across Canada. View the whitepaper here. In December 2025, CAMGA announced the appointment of Ballantyne as a consultant to support the association’s work on MGA-specific regulatory matters. He was tasked with examining the current regulatory environment for P&C MGAs in Canada and developing recommendations to inform CAMGA’s discussions with provincial regulators and industry stakeholders. “MGAs play an increasingly important role in the Canadian insurance marketplace, yet regulation has not evolved in a consistent way to reflect the unique nature of the business model,” said Ballantyne. “This paper provides practical recommendations to strengthen consumer protection, improve regulatory efficiency, and better align oversight with the operational realities of MGAs.” Key Highlights of the White Paper The paper concludes that: MGAs are a distinct...

65% of businesses that suffered a cyber attack say a supplier was involved 58% of affected businesses experienced revenue loss New York, NY (May 19, 2026) – One in three Canadian businesses (33%) experienced cyber incidents in the past 12 months which they believe leveraged Artificial Intelligence, with phishing among the most frequent methods, according to global research* from business insurer QBE. Artificial Intelligence is becoming ubiquitous in the Canadian economy, with 97% of businesses using it or looking into it, up from 94% last year. 2025 2026 Canadian businesses using AI 71% 83% Canadian businesses looking into using AI 23% 14% Efficiency and productivity are among the top motivations for deploying AI, as more than half of businesses rolling out the technology mention these objectives. Canadian businesses are deploying AI to: Increase operational efficiency 53% Increase productivity 53% Improve decision making 42% Grow revenue 41% Improve compliance and reduce risk 36% Drive innovation 36% Improve customer experience and retention 36% Build competitive advantage 36% Increase agility 35% Enable personalization at scale 28% “As new technologies such as AI become embedded in operations, effective risk management remains fundamental to ensuring sustainable and resilient growth,” said Kyle Gray, Underwriter Team Lead,...

New capability combines proprietary claims data and advanced predictive models to deliver property-level, peril-specific risk insights that help improve risk segmentation and underwriting efficiency Atlanta, GA (May 14, 2026) – LexisNexis® Risk Solutions is pleased to announce the launch of LexisNexis® Location Intelligence for Home, an AI-driven predictive model that is redefining how U.S. home insurers assess property risk. Using advanced neural network modeling, LexisNexis® Location Intelligence for Home gives U.S. home insurance carriers a decisive advantage in assessing property risk with more accuracy and efficiency at new business and renewal. There is a growing interest across the market in utilizing location intelligence, in addition to existing underwriting practices, to pinpoint potential risks before claims occur and investigate and mitigate those risks during the underwriting process. Location Intelligence is now available via LexisNexis® Smart Selection, the automated data service that delivers inspection flags and customizable business rules to better identify and segment the property risks that require a higher probability of action. Due to rising costs to repair homes, increased costly catastrophic events and greater pressure on underwriting precision, traditional property risk assessment approaches, particularly ones that rely heavily on exterior condition and loss data alone, can leave critical gaps....