IN THE NEWS

In an article published by Insurance Business Canada, CNA’s John Sterns highlights the importance of foreign insurance coverage for Canadian companies with international operations.

“When a cross-border insurance submission comes into CNA Canada, we assign one Canadian underwriter to look after the entire program and issue a global policy that provides broad coverage for the client worldwide,” said John Sterns, Vice President, Casualty. “This is different to some international insurers, who leave it up to their foreign branches to determine the details of the client’s global coverage. This can cause issues if local underwriters want different deductibles, rates, or terms and conditions.”

For more information and personal insights, read the full feature: Navigating the complex playing field of cross-border insurance, published in Insurance Business Canada.

Published article: HERE.