Topic
Earnings / Ratings
A.M. Best affirms ‘A+’ financial strength rating for Intact
April 5, 2012 by Canadian UnderwriterA.M. Best has affirmed Intact Insurance Group’s financial strength rating of ‘A+’ after its acquisition of AXA Canada. The ratings agency announced it has removed from under review with negative implications and affirmed the financial strength ratings (FSR) of A+…
Cunningham Lindsey is up for sale
April 2, 2012 by Canadian UnderwriterInsurance claims management company Cunningham Lindsey is up for sale at an estimated price tag of about $1 billion, according to reports from various media sources. Both Thomson Reuters business news agency and digital news service Post Online.co.uk cited sources…
Heirs to the Throne
April 1, 2012 David Gambrill, EditorHow do bright young brokers climb the pyramid to become the new brokerage owners, principals and senior managers?
Water damage in New Brunswick almost quadruples in four years: IBC
March 31, 2012 byInsurance Bureau of Canada (IBC) took its message of climate change adaptation to New Brunswick, where data insured water damage losses have almost quadrupled in four years. Speaking to the Saint John Board of Trade on Feb. 22, IBC president…
Hands-free phones not necessarily much safer than handheld phones while driving
March 31, 2012 byCanadian legislation is focused on the dangers of using hand-held cell phones while driving, but using hands-free devices while driving may not be that much safer, according to panelists attending the Driven to Distraction conference in Toronto on Mar. 1.…
Not in Kansas Anymore
March 31, 2012 By Craig HarrisA torrent of tornado activity has highlighted the risk of severe convective storms. While there is some debate over whether twisters are on the rise, the devastating potential for loss of life, injuries and extreme property damage means that the claims response from independent adjusters has to be quick and comprehensive.
SCM Risk Management Services acquires Syntech Associates
March 19, 2012 by Canadian UnderwriterRisk inspection company SCM Risk Management Services (RMS) has completed its acquisition of Syntech Associates, an independent risk inspection company based out of Calgary, Alberta. Syntech Associates has been delivering residential inspections to Western Canadian clients for more than 25…
Canada can expect to see more intense wildfires in the future: scientist
February 22, 2012 by Canadian UnderwriterCanadians can anticipate more intense wildfires that are too difficult to stop using traditional fire fighting techniques, according to Mike Flannigan, a senior research scientist with Natural Resources Canada. Flannigan presented his team’s latest research in Vancouver at the annual…
Alberta brokerages merge under the Alpine Insurance & Financial banner
February 22, 2012 by Canadian UnderwriterWestland Insurance (AB) Inc. and Alpine Insurance & Financial Inc. have merged and will operate under the Alpine name. Alpine has five offices, located in Canmore, Lethbridge, Red Deer, Edmonton and Calgary. Westland’s office in Calgary will become the new…
Western Financial Group acquires Brown & Ward Insurance Ltd.
February 2, 2012 by Canadian UnderwriterWestern Financial Group has acquired Brown & Ward Insurance Ltd., an insurance services provider in Lacombe, Alberta.Owned and operated by Lorne and Heather Rye, Brown & Ward has been in business since 1938. The company will continue to operate with…
Sum of the Parts
February 1, 2012 Susan Murphy, Vice President, Sales and Distribution, RSA CanadaOne year later, RSA presents some key reflections on its merger with GCAN Insurance Company.
MarketPlace
February 1, 2012 by Canadian UnderwriterClaims Manitoba flood damage projected to cost government $815 million The projected costs of widespread flooding in Manitoba this past spring will be $815 million, according to the government of Manitoba’s quarterly financial report. By the end of the second…