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What’s New: In Brief (July 26, 2007)

July 26, 2007 by Canadian Underwriter

Women in Insurance Cancer Crusade is holding its first fundraising event in the Golden Horseshoe on Sept. 27, 2007.Dust off your poodle skirts, bring out the pomade and become a Rebel Without a Cause against cancer. The Accidental Benefits will

News InsuranceMergers and Aqcuisitions

What’s New: In Brief (July 25, 2007)

July 25, 2007 by Canadian Underwriter

Changes need to be made to the Albertas building codes to incorporate tougher governance on installation of siding, insurance and vinyl siding industries are saying after last weekends massive fire, The Edmonton Journal reports. As an incentive, insurance companies might

News Climate ChangeInsurance

What’s New: In Brief (July 25, 2007)

July 25, 2007 by Canadian Underwriter

Insured flooding losses in the United Kingdom this summer may yet reach more than 2 billion (Cdn$4.27 billion), less than half of what the regions March 1947 floods would have cost insurers had they happened today 4.5 billion to 6

News InsuranceMergers and Aqcuisitions

What’s New: In Brief (July 24, 2007)

July 24, 2007 by Canadian Underwriter

The intersection at the corner of the Trans-Canada Hwy and Willingdon Ave. in Burnaby, B.C., ranks first among a list of the provinces Top 10 crash sites, according to an annual list compiled by ICBC.The list of British Columbias 10

News Insurance

PartnerRe increases profit in 2007 Q2, but non-life net premiums written “flat”

July 23, 2007 by Canadian Underwriter

PartnerRe Ltd. has reported a 2007 Q2 profit of US$105 million, up from a profit of US$77.5 million in 2006 Q2.The global reinsurers 2007 Q2 combined operating ratio was 85.7%, down from the 90.3% it reported in 2006 Q2.Net premiums

News Climate ChangeInsuranceMergers and Aqcuisitions

Edmonton fire causes massive property damage

July 23, 2007 by Canadian Underwriter

A fire that ripped through a south Edmonton neighbourhood early Sunday morning could prove to be the largest property loss due to fire in Albertas history, industry experts at the Insurance Bureau of Canada (IBC) estimate.Michael Debolt, IBCs manager of

News Insurance

What’s New: In Brief (July 20, 2007)

July 20, 2007 by Canadian Underwriter

Swiss Res Industrial Risk Insurer has organized its team to better serve customers property and casualty insurance requirements. The reorganization stems from an announcement made by the organization in April stating its intent to enhance its ability to meet the

News Insurance

What’s New: In Brief (July 20, 2007)

July 20, 2007 by Canadian Underwriter

The Autorite des marches financiers (AMF) is launching a penal proceeding in the Court of Quebec in the district of Montreal against Kingsway General Insurance Company.As a licensed insurer, the company faces 12 charges for failing to provide the Groupement

News Insurance

IBC president and CEO announces retirement

July 19, 2007 by Canadian Underwriter

After serving the Canadian property and casualty insurance industry for 32 years, Stanley I. Griffin, president and CEO of the Insurance Bureau of Canada (IBC), has announced he will retire at the end of this year.Griffin joined the IBC in

News Insurance

Manitoba Public Insurance reports solid Q1

July 19, 2007 by Canadian Underwriter

Manitoba Public Insurance has reported a net income of Cdn$64.8 million for 2007 Q1, spurred by a growing vehicle fleet and solid investment income. Earned revenues increased by Cdn$10.5 million over 2006 Q1, due to an increase in number and

News Insurance

Anti-terrorism legislation puts charity D&Os at risk

July 18, 2007 by Canadian Underwriter

Government anti-terrorism regulation targeting purportedly charitable financial transactions which may support terrorist activities subject Canadian charities to stringent regulatory requirements and potentially expose charities directors to personal liability, an Aon Canadian advisory report warns.Potential consequences of anti-terrorism act violations could

News Insurance

What’s New: In Brief (July 18, 2007)

July 18, 2007 by Canadian Underwriter

Zurich has created a mergers and acquisitions (M&A) unit designed to offer customized products and services to help companies manage M&A transaction-related risks. The unit is part of Zurichs Global Corporate business division and currently fully operational in the U.S.worldwide