Insurable Interest Canadian Insurance Blog

Toronto, ON (May 15, 2024) – SSRU is excited to announce a partnership with Millennium Insurance Corporation effective April 1, 2024. This strategic alliance has increased SSRU’s A-rated Commercial Property capacity to $38.5M for risks in the Energy, Mining and Manufacturing sectors. With the support of Alberta based Millennium, and the creation of a bespoke reinsurance treaty for the subject business, SSRU has further broadened syndication among its carriers. This expansion reduces clients’ exposure to counterparty risk and further insulates SSRU’s carrier panel from severity loss. Heather Jamieson, SVP of Property commented: “We look forward to strengthening our long-term relationships with our customer and broker partners by continuing to bring new capacity to the Canadian marketplace.” Stephen Stewart, President and CEO of SSRU commented: “This strategic alliance with Millennium not only expands our capacity but also reinforces our dedication to providing innovative capacity solutions to our broker partners and Insureds.” About SSRU SSRU is a leading Specialty Insurance MGA based in Toronto, Canada. Since its inception in 2016, SSRU has been at the forefront of offering specialized insurance products to diverse sectors including Construction, Manufacturing, Natural Resources, Public Entity, Realty, and Transportation. For more information, visit ssru.ca. About Millennium Insurance...

Hub International strengthens Commercial and Personal Insurance capabilities with acquisition of certain assets from Alberta-Based 2197747 Alberta Ltd. Chicago, IL (May 8, 2024) – Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today the acquisition of certain assets from 2197747 Alberta Ltd., which is in turn partially owned by Carianne O’Connor (O’Connor). Terms of the transaction were not disclosed. Located in Edmonton, Alberta, Canada, O’Connor is an experienced insurance consultant specializing in commercial insurance, including farm, and personal insurance, home and auto. O’Connor will join Hub Prairies. About Hub’s M&A Activities Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience. For more information on the Hub M&A experience, visit WeAreHub.com. About Hub International Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 17,000 employees in offices located throughout North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so...

Preemptive approach to cybersecurity showcased at RSAC USA Waterloo, ON (May 6, 2024) – OpenText™ is pleased to announce new advancements to protect organizations against the ever-growing complexity of cyber threats. As the threat landscape continues to evolve, security teams face the challenge of securing every element of their IT environment. OpenText remains committed to preemptive cybersecurity measures, introducing innovations that prioritize customer value by enhancing threat intelligence and proactive defense capabilities. Empowering organizations with unparalleled threat intelligence Adversarial signals threat intelligence helps security teams be more proactive, enabling them to take effective, data-driven actions to prevent cyberattacks before they occur. It can also help an organization detect and respond to attacks in progress faster. OpenText cyDNA represents a significant step forward in adversarial signals threat intelligence, offering unparalleled visibility and early-warning insights into cyber threats that transcend traditional perimeters. Unlike conventional threat intelligence that focuses on generalized threat activity, cyDNA adversarial signals threat intelligence is unique in that it tells exactly what is happening (not what might happen). By analyzing internet signal traffic directed at organizations and their supply chains, cyDNA delivers actionable insights into threat origins and targets – tracking threat actors across an organization’s assets and identifying...

Montreal, QC (Apr. 23, 2024) — Blanket Life, a digital-first insurance provider and online broker of life insurance and property & casualty insurance products, is pleased to announce the launch of its Simplified Issue Term life product in partnership with Humania Assurance. “We are delighted about our collaboration with Humania to bring this exciting term product to life for Canadian families” said Elizabeth Leah Lipkowitz, Founder and Chief Product officer of Blanket. “This product has competitive pricing in line with fully underwritten products and requires no medical exams. It has never been so easy, accessible or affordable to buy term life insurance. Families can sleep easy in less than 5 minutes knowing they are covered with a product and carrier they can trust.” The launch of this new Canadian product fits into Blanket’s strategy to digitize insurance products and make the purchase of insurance more seamless. “We are eager to deploy our innovative simplified issue term life product and continue our journey to digitize the insurance world while responsibly protecting families with coverage they can count on” Lipkowitz continued. “This marks the first step on our life insurance road in Canada to simplifying the way people protect what matters most...