Topic
Insurance
RSA Canada closes acquisition of L’Union Canadienne
October 1, 2012 by Canadian UnderwriterInsurance group RSA Canada has closed its acquisition of intermediated property and casualty insurer L’Union Canadienne after receiving necessary regulatory approval. RSA announced its agreement to buy the Quebec-based insurer in June for $150 million. L’Union Canadienne is the province’s…
Investor group to buy Cunningham Lindsey
October 1, 2012 by Canadian UnderwriterAn investor group led by private equity firm CVC Capital Partners has announced it will acquire majority ownership in international claims adjuster Cunningham Lindsey after a recapitalization agreement. Stone Point Capital has had a majority ownership of Cunningham Lindsey since…
Expansion of AVA Marine Group Inc.
September 29, 2012 AVA Marine Group Inc.AVA MARINE EXPANDS IT’S MARINE SURVEYING CAPABILITES Effective October 01, 2012 AVA Marine is able to provide services to the following regions: 1. Western Canada – Vancouver / Northern BC ports of Prince Rupert & Kitimat 2. Eastern Canada –…
Live Twitter Feed from NICC Quebec City – National Insurance Conference of Canada
September 28, 2012 Canadian Underwriter magazineThe National Insurance Conference of Canada (NICC) is taking place Sunday September 30 – Tuesday October 2nd in Quebec City. 525 senior property and casualty insurance sector executives are in attendance at this high level conference which addresses many diverse…
Cleanup efforts begin after major flooding in U.K.
September 28, 2012 by Canadian UnderwriterCleanup efforts have begun in England following major flooding, caused by intense September storms. The Environment Agency is now focusing on pumping away flood water and clearing debris from rivers, it said. “River levels are receding but it will take…
Why cyber liability policies are finally taking off
September 28, 2012 by Canadian UnderwriterAs prominent corporations and even government agencies have faced highly public data breaches in recent years, cyber liability policies are gaining more attention and prominence in the insurance industry. Cyber policies have been around for the past 10 to 15…
A.M. Best affirms ratings for Old Republic Canada
September 28, 2012 by Canadian UnderwriterA.M. best has affirmed ratings for Hamilton, Ont.’s Old Republic Insurance Company of Canada. The insurance company has a financial strength rating (FSR) of “A” (excellent) and issuer credit rating of “a.” Best also affirmed ratings for various other United…
Ontario Court of Appeal overturns lower court’s decision in catastrophic impairment case
September 28, 2012 by Canadian UnderwriterThe Ontario Court of Appeal has found in favour of a woman claiming catastrophic impairment from her insurer, Aviva Canada, overturning a lower court’s decision. Pastore v. Aviva Canada Inc. concerns a woman who was injured after being hit by…
Burns & Wilcox Canada Continues Expansion With Key Hires
September 27, 2012 Canadian Underwriter magazineBurns & Wilcox Canada is pleased to announce that Mei Han, CIP, MBA and Nicole Abraham, BA, CIP, CRM have joined the company, adding significant experience and enhancing the abilities of the Burns & Wilcox Canada team as it expands…
Climate change, carbon emissions lowering the world’s GDP $1.2 trillion a year
September 27, 2012 by Canadian UnderwriterClimate change and effects from carbon emissions are costing the world 1.6% of its annual gross domestic product, or about $1.2 trillion, a new report suggests. That will double to 3.2% by 2030 if the world fails to act on…
Insurance analytics company hires P&C exec for Canadian expansion
September 27, 2012 by Canadian UnderwriterEagleEye Analytics has expanded its Canadian business by hiring an insurance industry executive to lead business development here. Stephen Halfpenny is based in Toronto and has been working in the industry for more than 35 years. He has held executive…
New Impact Toronto On-target For October Opening
September 27, 2012 Canadian Underwriter magazineImpact Auto Auctions is pleased to announce the opening date for the new Impact Toronto facility located at 535 Wentworth Street in Oshawa, Ontario. The new location will be open and accepting assignments on October 9, 2012 with auction sales…