Topic
Insurance
OSFI releases updated instructions for filing unpaid claims and loss ratio analysis electronically
February 14, 2012 by Canadian UnderwriterThe Office of the Superintendent of Financial Institutions (OSFI) has released updated instructions for insurers in filing Unpaid Claims and Loss Ratio Analysis Exhibit data through the automated data transfer system. The only change from prior years is a revision…
Lloyd’s records third largest catastrophe loss from Thai floods
February 14, 2012 by Canadian UnderwriterLloyd’s has placed its preliminary estimate of net claims from the 2011 flooding in Thailand to be US$2.2 billion. According to the Globe and Mail, the Thai floods mark the third-biggest catastrophe loss Lloyd’s has absorbed in its 324-year history.…
Allianz appoints Rong Chen head of property in Canada
February 14, 2012 by Canadian UnderwriterRong Chen has recently been appointed head of property in Canada of Allianz Global Corporate & Specialty Americas. Chen has been with Allianz since 2009, when he joined as an executive underwriter. “Rong brings an extensive amount of experience and…
The Economical continues roll-out of web-based underwriting system
February 14, 2012 by Canadian UnderwriterThe Economical Insurance Group completed the rollout in Quebec of its web-based underwriting system, Energie Auto. “We are leading the Canadian general insurance industry in moving away from legacy systems to a web-based solution,” said Steve Livingstone, Economical’s vice president…
Pat Van Bakel has been appointed to the position of chief operating officer, Crawford & Company (Canada) Inc.
February 14, 2012 Crawford & Company (Canada) Inc.Pat Van Bakel has been appointed to the position of chief operating officer, Crawford & Company (Canada) Inc., effective March 1, the organization announced today. Van Bakel has been with the Company for more than 20 years and most recently…
Insurers must balance expense management with ability to compete: Conning
February 13, 2012 by Canadian UnderwriterInsurers must consider the associated risks of lowering expenses and seeking efficiencies, as it may cost them in loss control or hamper their ability to meet consumer expectations, a report from Conning Research & Consulting says. In ‘Property-Casualty Expense Management:…
D&O market finally starting to harden: A.M. Best
February 13, 2012 by Canadian UnderwriterFor the first time in years, the D&O market is showing sure signs of hardening, A.M. Best reported. Reporting from the Professional Liability Underwriting Society (PLUS)’s Symposium in New York, BestWeek’s Meg Green interviewed Eric Anderson, chief executive officer of…
Crawford & Company (Canada) Inc. has appointed COO
February 13, 2012 by Canadian UnderwriterPat Van Bakel has been appointed chief operating officer at Crawford & Company (Canada) Inc., effective March 1. Van Bakel has been with the company for more than 20 years, having most recently served as senior vice president, operations, insurer…
XL Group launches coverage for contractors
February 13, 2012 by Canadian UnderwriterThe marine insurance unit of XL Group has launched Contractor’s Equipment Coverage Solutions. The portfolio of coverages is designed to protect general building, infrastructure and specialty contractors’ equipment. The coverage has a few exclusions and is extremely versatile with adjustable…
Winmar opens a location in Yorkton
February 13, 2012 by Canadian UnderwriterWinmar Franchise Corp. is pleased to announce the opening of its newest location in Yorkton, Sask. The location is owned by Doug Maes and Jason Thibodeau. Maes has been successfully operating Winmar Moose Jaw for the past two years. The…
Touring sports team could face large costs if proper coverage isn’t obtained
February 13, 2012 by Canadian UnderwriterLosing an international game on a team tour is not the only risk players face, according to Lloyd’s. A touring team requires insurance for medical expenses (including emergency assistance) cancellation and delay, personal liability and baggage, the company notes in…
Winmar Announces New Opening in Yorkton, Saskatchewan
February 13, 2012 Canadian Underwriter magazineLONDON, ON – February, 2012 – Winmar Franchise Corp. in London ON is pleased to announce the opening of its newest location Yorkton, Saskatchewan located at 357B 7th Avenue North, PO Box 370, S3N 2W1, 306-828-0000. Owners, Doug Maes and…