Axxima welcomes Christopher Marley as Principal

Posted on September 1, 2020

Axxima is excited to announce that Christopher Marley has been appointed as Principal and Underwriter effective September 1, 2020. Chris has been with Axxima since its inception in 2013.

Chris has over 17 years of experience working with members of the Axxima team, and is a seasoned underwriter and a licensed insurance broker. He provides services to a number of insurers and insurance programs, including underwriting, negotiating insurance/reinsurance placements, and ongoing insurance management functions. He is also responsible for the ongoing management of Axxima’s Binding Authorities.

Axxima welcomes Sarah Chevalier as Principal

Posted on September 3, 2019


Axxima is pleased to announce that Sarah Chevalier, FCIA, FCAS has been appointed as a Principal and Consulting Actuary of the Firm. Sarah has been with Axxima since its inception in 2013.

She is responsible for the execution of valuations, pricing, capital modelling and other actuarial analyses for various liability, property, and agriculture programs provided by insurers, self-insured entities, and reciprocals.

Sarah also serves as Vice Chair of the Examination Committee of the Casualty Actuarial Society. This committee is responsible for determining the scope, contents, and standards to be achieved on upper-level actuarial examinations. In addition, she is the Vice Chair of the Property and Casualty Financial Reporting Committee of the Canadian Institute of Actuaries.

The Axxima team is growing once again.

Posted on November 16, 2018

Axxima welcomed aboard another new associate this week! Azeem Rehmatullah joined us on Monday. He will be further strengthening our specialist insurance team, which focuses on self-insurance and alternative distribution-focused insurance solutions.

We’re excited to have Azeem on board to help serve our clients.

Welcoming two new associates today!

Posted on November 5, 2018

Smith Sidhu

Sathu Yoganathan

Sathu Yoganathan

Axxima is welcoming two new hires today! Sathu Yoganathan and Smith Sidhu are our newest associates, and we’re excited to welcome them into the Axxima family.

Smith will be a member of our incredible team of claims managers as claims counsel, and Sathu is joining our dynamic broking and underwriting team as an insurance specialist assistant.

We’re excited to be heading into the new year with them helping us to serve our clients.

Announcing our new CFO – Elena Cealaia

Posted on September 17, 2018

Axxima is pleased to announce that Elena Cealaia, CPA, CGA has been appointed as a Principal and CFO of the Firm. Elena has been with Axxima since inception in 2013. She is responsible for the financial accounting and regulatory functions for a number of reciprocal insurance exchanges and insurance programs. She also provides ongoing insurance accounting consulting and outsourced services to a variety of clients.

Wishing Joe Tontini well in his retirement

Posted on September 17, 2018

Please join us in extending best wishes to Joe Tontini, who is retiring from Axxima. When we established Axxima back in 2013, Joe agreed to defer his retirement until 2018 to help us ensure that Axxima was successfully launched and well-established for the future. Five years passes all too quickly but here we are, mission (so far) accomplished.

Axxima’s IFRS 17 Roadmap

Posted on July 23, 2018

We’re gearing up for IFRS 17 with our clients and prepared this fun roadmap to share. We wouldn’t say IFRS 17 is “fun”, but it doesn’t mean we can’t have a little of it along the way.

Click the thumbnail below to download the PDF:

Axxima IFRS Roadmap

Balancing Duties – The Role of the Mandated Insurer

Posted on December 20, 2017

By Tim Clarke – General Claims Counsel

I have spent most of my 25 years as a lawyer working for or with professional liability insurance programs mandated by self-regulated professions.  The roles of the regulator and insurer are quite distinct but should be complimentary.

The regulatory authority has a duty to administer the profession in the public interest.  As part of that role, the professional regulator will not only set down ethical standards and discipline process but will, frequently, require its practicing members to carry insurance from a designated or captive professional liability (malpractice) insurer.  The policy reasoning behind the requirement of insurance is to ensure that members of the public who suffer economic loss because of an error or omission by a professional will be compensated.

Designating a compulsory or captive insurer also ensures that all members of the profession have uniform malpractice insurance coverage.  Including all members of a profession in a single program increases the risk pool for insurers which allows all professionals access to affordable coverage.  Having a single insurer also ensures that claims made are handled consistently.

At law, insurers and insureds owe each other a duty of the utmost good faith.  The regulator’s first duty is to the public but the insurer’s first duty is to the insured professional.  These duties do not have to be mutually exclusive. As claims managers, by dealing with claims on a principled basis, we help the regulator fulfill its public protection imperative. Justifiable claims by clients who have suffered harm at the hands of a professional should be paid as efficiently and expeditiously as possible. An insurer is not a protective association, “stonewalling” legitimate claimants is not its function. Equally, an insurer should not be capricious in how it extends coverage. In my view, a compulsory insurer’s job is to look for not to deny coverage.

None of this is to say that a compulsory insurer should compromise the defence of an insured for the sake of expedience. Not all claims are created equal.  A professional’s reputation is possibly their most important asset.  We see a great many unmeritorious claims against our insureds and take an assault on a professional’s reputation very seriously. While there are many lawyers in Ontario, the insurance litigation bar is relatively small.  We see the same plaintiff’s counsel again and again.  While we strive to resolve meritorious claims as quickly as possible, we do try to send the message that there is no profit to be had in bringing a groundless law suit against one of our insureds. Where an unmeritorious claim is made against a professional, the professional should be able to expect the insurer to stand up for them.

Brokers gonna broke – congrats Meagan!

Posted on December 6, 2017

Meagan Phillips joined us in late March of 2013 as an underwriting administrator utilizing her law clerk degree in reviewing and processing documents both in the claims and underwriting areas. Her passion for underwriting became clear as she started to move through her CIP designation, which is almost complete, and just recently Meagan put another stake in the ground by obtaining her broker’s license after a very intense but thorough 2 week prep course. Congratulations Meagan!