Daily News

SGI rolls out commercial insurance coverage in British Columbia

Saskatchewan Government Insurance announced Thursday it is now offering commercial insurance in British Columbia.
Jul 2, 2015 1:15PM

Regulator calls for alerts for motorists of railway crossings on digital maps

LOS ANGELES - The United States Federal Railroad Administration has asked digital mapping companies to alert drivers as they approach track crossings in the hope that visual and audio cues will lead to greater awareness of potential dangers.
Jul 2, 2015 12:52PM

Spill risk cited in high volume hydraulic fracturing ban in New York

The State of New York has effectively banned high volume hydraulic fracturing as a method of extracting natural gas, citing environmental risks such as spills of hazardous materials such as petroleum distillates, glycols and aldehydes.
Jul 2, 2015 12:35PM

Reinsurance mergers 'helping to maintain' high valuations: Willis Re

Mergers and acquisitions in the reinsurance sector are "throwing up unexpected combinations" while the market for offshore energy wind reinsurance, in the Gulf of Mexico, is softening, the reinsurance division of Willis Group Holdings plc...
Jul 2, 2015 11:51AM

Cat bond market shifting, issuance down 28% in first half of 2015 compared to first half of 2014: PCS

The catastrophe bond market is continuing its trend toward larger transactions by fewer sponsors, witnessing US$4.1 billion in issuance activity for the first half of 2015 compared to US$5.7 billion for the same period in 2014, notes a new...
Jul 2, 2015 11:32AM

EXOR continues PartnerRe takover effort with shareholders' meeting scheduled July 7

EXOR S.p.A announce Wednesday it has scheduled a meeting July 7 for shareholders of PartnerRe Ltd., which Turin, Italy-based EXOR has offered to acquire.
Jul 1, 2015 10:42PM

ACE Limited to acquire Chubb for US$28.3 billion

ACE Limited and The Chubb Corporation announced on Wednesday that the boards of directors of both companies have unanimously approved a definitive agreement under which ACE will acquire Chubb.
Jul 1, 2015 7:24PM

Federal demutualization regulations now in effect, Economical Insurance to consider options

Canada’s Department of Finance has issued the long-awaited final rules governing federally regulated mutual property and casualty insurance companies, a move welcomed by Economical Insurance, which has been readying its business for the...
Jul 1, 2015 6:21PM

Shielding federal sites from denial of service attacks would cost money: expert

OTTAWA - The federal government could stop cyber-meddlers from taking down its websites - but that would cost money, a computer-security expert says.
Jun 30, 2015 10:15PM

Willis Group and Towers Watson announce US$18 billion merger

Willis Group Holdings and Towers Watson announced on Tuesday the signing of a merger agreement worth about US$18 billion.
Jun 30, 2015 9:02PM

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