Canadian Underwriter

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News Earnings / RatingsInsuranceMergers and Aqcuisitions

Accenture completes Duck Creek acquisition

August 23, 2011 by Canadian Underwriter

Accenture has completed its acquisition of Duck Creek Technologies, a privately held company that specializes in software solutions for the property and casualty insurance industry. The acquisition complements Accenture Software’s existing P&C component-based software platforms.“It will give Accenture an industry-leading

News Earnings / RatingsInsurance

ClaimsPro completes acquisition of Brouwer Claims Canada

August 2, 2011 by Canadian Underwriter

ClaimsPro Inc., a Canadian independent adjusting company, has completed the acquisition of Brouwer Claims Canada & Co. Ltd., a Vancouver-based independent adjusting firm that has been servicing Canadian clients for more than 25 years. The transaction aligns with ClaimsPro’s strategy

Feature Claims CanadaEarnings / Ratings

Licensed medical doctors, neuropsychologists should lead catastrophic impairment assessment: panel recommendation

July 31, 2011 by

Ontario’s Catastrophic Impairment Panel is calling for medical doctors or doctorate-level neuropsychologists (in the case of brain injuries) to be the lead evaluators in the assessment of people with catastrophic impairments arising from auto injuries. FSCO established the panel of

News Earnings / RatingsInsurance

About 10% of European insurers would fail Solvency II capital stress test based on market crash risks: EU financial regulator

July 4, 2011 by Canadian Underwriter

About 10% of European insurers would fail Solvency II minimum capital requirements under a hypothetical adverse stress scenario akin to the 2008-09 global market crash, according to the European Insurance and Occupational Pensions Authority (EIPOA).The supervisor of the financial sector

News Earnings / RatingsInsurance

FIC establishes foothold in Saskatchewan market

July 4, 2011 by Canadian Underwriter

Forensics Investigations Canada (FIC) has acquired Saskatchewan-based Stealth Investigations for an undisclosed amount. Stealth’s three offices and 15 workers will continue to operate under the FIC brand. Stealth principal Stephen Clark will head up FIC’s Saskatchewan’s operations. “By joining FIC’s

Feature Earnings / RatingsMergers and Aqcuisitions

MarketPlace

July 1, 2011 by Canadian Underwriter

Regulation OSFI calls for global insurance capital standards Global insurance capital standards would prevent the possibility of companies taking advantage of differences between capital charges across regulatory jurisdictions, according to Canada’s solvency regulator. Julie Dickson, superintendent of the Office of

Feature Earnings / Ratings

Intact’s Big Market Splash

July 1, 2011 David Gambrill, Editor

Intact’s acquisition of Canada’s sixth-largest insurer, AXA Canada, was motivated by a desire to expand into the country’s commercial mid-market.

News Earnings / RatingsInsuranceLegal

Nicholl Paskell-Mede LLP to join forces with Clyde & Co.

June 27, 2011 by Canadian Underwriter

Canadian insurance law firm Nicholl Paskell-Mede LLP (NPM) will be joining forces with U.K.-based law firm Clyde & Co. effective Sept. 1, 2011. International law firm Clyde & Co. specializes in the areas of aviation, insurance, marine, energy, construction and

News Earnings / RatingsInsurance

Three Northbridge subsidiaries to operate under one brand, Northbridge Insurance

June 21, 2011 by Canadian Underwriter

Three of Northbridge Financial Corporation’s subsidiaries – Lombard Insurance, Commonwealth Insurance and Markel Insurance – will operate under one brand, Northbridge Insurance, effective Jan. 1, 2012. In a FAQ posted on its Web site, Northbridge said it is an operational

News Earnings / RatingsInsurance

CNA Financial completes acquisition of CNA Surety

June 20, 2011 by Canadian Underwriter

CNA Financial Corporation has completed its acquisition of CNA Surety. CNA Surety is now a wholly owned indirect subsidiary of CNA Financial. CNA Financial and CNA Surety announced a merger agreement on Apr. 21, 2011. Under the terms of the

News Earnings / RatingsInsurance

ClaimsPro acquires Vancouver-based adjusting firm

June 15, 2011 by Canadian Underwriter

ClaimsPro Inc. has inked a deal to acquire Brouwer Claims Canada, a Vancouver-based independent adjusting firm that has been servicing Western Canada for over 25 years.The acquisition provides ClaimsPro with an additional 20 branch offices. Combined, ClaimsPro and Brouwer will

News Earnings / RatingsInsurance

Transatlantic Re to merge with Allied World Assurance Company

June 13, 2011 by Canadian Underwriter

Transatlantic Holdings Inc. (NYSE: TRH) and Allied World Assurance Company Holdings AG will merge to form a global specialty insurance and reinsurance company under a holding company structure with the name TransAllied Group Holdings AG.The merger is expected to be