Topic
Earnings / Ratings
MarketPlace
November 1, 2011 by Canadian UnderwriterCanadian Market Banks banned from promoting unauthorized insurance on Web sites Canada’s new regulations prohibiting banks from promoting unauthorized insurance products and services on their Web sites are now official. The regulations came into force with very few amendments to…
Winds of Change
November 1, 2011 David Gambrill, Editor; Vanessa Mariga, Associate EditorCanada’s P&C industry has been buffeted by changes in capital requirements, interest rates, increased regulation, consumer purchasing habits and class action liability trends.
Moves & Views
November 1, 2011 by Canadian UnderwriterThe Insurance Institute of Ontario announced four recipients of the John E. Lowes Insurance Education Fund Scholarships for 2011. The John E. Lowes Insurance Education Fund is a charitable trust dedicated to assisting Ontario students to complete full-time, post-secondary education,…
CEO queries why insurers won’t cancel contracts with insurer-owned brokerages
October 21, 2011 by Canadian UnderwriterGeorge Cooke, president and CEO of The Dominion, challenged other insurers to cancel their business with brokerages that have been purchased by a competitor insurer.Cooke was a member of the CEO panel at the Insurance Brokers Association of Ontario’s 91st…
Demutualization should trigger consolidation in Canadian P&C market: GMP Securities analyst
October 7, 2011 by Canadian UnderwriterDemutualization should bring more consolidation into the Canadian property and casualty marketplace, according to a GMP Securities analysis issued by Stephen Boland.“We anticipate that the larger, mutual insurers will continue to work with the Department of Finance to demutualize in…
Western Financial acquires Border Bannatyne Insurance
October 7, 2011 by Canadian UnderwriterWestern Financial Group has acquired Saskatchewan-based Border Bannatyne Insurance.The Estevan, Saskatchewan-based brokerage has been in operation since 1920 and will now operate as a Western Financial Group office with the same local staff. “This is another great addition to our…
Forensics Investigations Canada joins forces with Garda Investigative Services
October 5, 2011 by Canadian UnderwriterForensic Investigations Canada (FIC) has joined forces with Garda Investigative Services (GIS).FIC and GIS have entered into a strategic client referral agreement that “positions FIC as the provider of choice for corporate investigations outside of the Province of Quebec,” an…
MarketPlace
October 1, 2011 by Canadian UnderwriterClaims Hurricane Irene blows through Quebec and Maritime provinces The verdict is still out on insured losses caused by Hurricane Irene’s three landfalls, but loss estimates for the Caribbean range as high as $1.1 billion. The remnants of Hurricane Irene,…
Staying Dry
September 30, 2011 Laura KupcisReducing the risk of basement flooding is a priority for both insurance companies and municipalities.
Fraud and other Faux-pas
September 30, 2011 David GambrillIdentity theft, homemade trailers and small claims settlement take centre stage at educational seminar.
KPMG acquires Berris Mangan
September 14, 2011 by Canadian UnderwriterKPMG has acquired Vancouver-based accounting firm Berris Mangan. Berris Mangan is a full-service accounting firm that specializes in serving the insurance industry, as well as the service, wholesale and manufacturing industries. “As part of our national strategy to grow through…
U.S. private equity firm buys up Kanetix Ltd.
September 14, 2011 by Canadian UnderwriterKanetix Ltd., a Canadian online insurance marketplace, has been acquired by Monitor Clipper Partners (MCP), a Cambridge, Massachusetts-based private equity firm. Kanetix has also named Yousry Bissada as president and CEO, effective immediately. Its co-founders, George Small and Gregory Ellis,…