Topic
Insurance
George Cooke retires as president of The Dominion, Brigid Murphy named as successor
August 10, 2012 by Canadian UnderwriterGeorge L. Cooke has announced his retirement as president of The Dominion of Canada General Insurance Company (The Dominion). Cooke started his distinguished career with The Dominion in 1992 as president and CEO. He will remain CEO of The Dominion…
Warm, dry conditions lead to near-record wildfires burning in the United States
August 9, 2012 by Canadian UnderwriterWarm and dry conditions over a large portion of the United States contributed to near-record wildfires that burned more than 2 million acres in July, says information from the National Environmental Satellite, Data and Information Service (NESDIS). The total represents…
Swiss Re reports $83-million net profit in 2012 Q2
August 9, 2012 by Canadian UnderwriterSwiss Re reports a net profit of $83 million for the second quarter of 2012. The result was influenced by the sale at a loss of US$1 billion of the Admin Re U.S. business. Property and casualty reinsurance delivered a…
Aviva Canada results strong, while parent company sees 10% profit loss due to restructuring
August 9, 2012 by Canadian UnderwriterAviva plc reported its first-half 2012 interim operating profits were down 10% as a result of restructuring costs, foreign exchange and inclement weather in the United Kingdom. “Operating profit (including restructuring costs) was down 10% to £935 million [Cdn$1.45 billion]……
Aon announces senior appointments
August 9, 2012 by Canadian UnderwriterMicheal Taillon has been named Aon Risk Solutions Canada’s new national practice leader of energy. Taillon will use his three decades of experience in risk management and insurance to lead business development and provide oversight to the company’s energy practice,…
FSCO rejects insurer’s motion to obtain academic course records of injured woman’s daughter/caregiver
August 8, 2012 by Canadian UnderwriterA Financial Services Commission of Ontario (FSCO) arbitrator has rejected the motion of an insurer to obtain a copy of the academic course record of the daughter of a woman injured in an auto accident. The insurer in the matter,…
Potential pitfalls when insureds appoint, pay for Marine Warranty Surveyors: legal analysis
August 8, 2012 by Canadian UnderwriterThere are some pitfalls to be avoided in drafting marine warranty survey clauses and matters can be complicated by the fact that the marine warranty surveyor (MWS), despite being a requirement of the marine insurance underwriter, is often chosen, employed…
Alberta police issue more than 5,000 tickets over August long weekend
August 8, 2012 by Canadian UnderwriterAlberta law enforcement officers were out in full force over the August long weekend, issuing a total of 5,140 tickets between Aug. 3 and Aug 6. RCMP officers, provincial traffic sheriffs, conservation officers, fish and wildlife officers and commercial vehicle…
Marsh sees revenues increase in 2012 Q2
August 8, 2012 by Canadian UnderwriterMarsh & McLennan Companies, Inc. (NYSE: MMC) saw revenue increase in 2012 Q2 and in the first half of 2012. Consolidated revenue for the quarter ended June 30 was approximately $3 billion, up 3% from $2.9 billion in 2011 Q2,…
Western Financial and Falkins Insurance Group begin co-branding arrangement
August 8, 2012 by Canadian UnderwriterWestern Financial Group and Falkins Insurance Group are taking on a more visible partnership presence in the Kootenay Region of British Columbia. To support the growing presence of the Western brand in the region, Falkins, a 115-year-old insurance brokerage based…
Hamilton to identify “hot spots” for overland flooding
August 7, 2012 by Canadian UnderwriterEfforts are under way to assign coordinates for about 900 overland flooding “hot spots” in Hamilton, Ontario where water traditionally backs up or overflows after big storms. Digitally mapping the hot spots – mostly storm water inlets and outlets that…
Totten Group announces changes to its executive leadership
August 7, 2012 by Canadian UnderwriterHub International has announced that H. Ross Totten, who has served as president and CEO of Totten Insurance Group Inc., will assume the role of chairman and chief sales officer of the Totten Group, effective Sept. 1, 2012. Heather Masterson…