Topic
Insurance
Post-Bank Act, banks ask regulators to “hit the pause button,” reflect on effects of regulation on banking innovation
April 3, 2012 by Canadian UnderwriterLess than a week after the federal government signed into law regulations in Canada’s Bank Act that prohibit banks from selling insurance on their websites, the Canadian Bankers Association (CBA) is asking federal regulators to “hit the pause button” and…
Frank Cowan Company launches new risk management website
April 3, 2012 by Canadian UnderwriterFrank Cowan Company has launched a new risk management website called the Risk Management Centre of Excellence. The centre is intended to be a resource helping municipalities prevent incidents before they occur. By identifying risks early, municipalities are able to…
Economical service aims to protect company privacy
April 3, 2012 by Canadian UnderwriterThe Economical Insurance Group has teamed up with an identity management firm to help small and medium-sized businesses recover after a privacy breach. With data risk management services provider IDT911, Economical is offering a solution that includes insurance coverage, breach…
CARSTAR Automotive Canada opens three new locations in Ontario and re-opens a location in Alberta
April 3, 2012 by Canadian UnderwriterCARSTAR announced on Apr. 3 that it is opening CARSTAR Kitchener Shirley Drive, CARSTAR Woodbridge Highway 7 and CARSTAR Kitchener King Street (Kieswetter) in Ontario. In addition, it is re-opening CARSTAR St. Albert in Alberta. CARSTAR Kitchener Shirley Drive, located…
ESR launches new Marine Products
April 3, 2012 Elliott Special Risks Ltd.Elliott Special Risks LP (ESR), A Markel International company, is pleased to announce the launch of its new Marine product line. Effective March 31st, 2012, ESR will be providing marine cover for Liability, Hull, and Cargo. The Marine team is…
ESR hires new Montreal branch manager
April 3, 2012 Elliott Special Risks Ltd.Elliott Special Risks LP (ESR), A Markel International company, has appointed Andre Paradis as vice president and branch manager of the Montreal office. The appointment was effective March 23rd 2012. Andre has over 25 years’ experience in the insurance industry,…
1-in-20-year severe weather events likely to be 1-in-2-year events by end of 21st Century: report
April 2, 2012 by Canadian UnderwriterA special report by the Intergovernmental Panel on Climate Change (IPCC) paints a portrait of a world in which 1-in-20-year heat waves are likely to become 1-in-2-year events by the end of the 21st century. Similarly, 1-in-20-year maximum daily precipitation…
Reinsurance renewals reveal tightening of limits
April 2, 2012 by Canadian UnderwriterGlobal reinsurers experienced more positive results in the first quarter of 2012, but they are still committed to rate stability and underwriting discipline in key regions, according to a report from Willis Re. The lower levels of loss activity in…
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…
SGI Canada unveils eQuote tool for online purchase of extension auto insurance
April 2, 2012 by Canadian UnderwriterSGI Canada unveiled its new eQuote tool on Apr. 2, intended to offer consumers a fast, easy and convenient way to research, obtain a quote and purchase extension auto insurance online. Basic insurance is included with customers’ licence plate registration…
ACE Canada launches two new combined products for pollution and casualty insurance
April 2, 2012 by Canadian UnderwriterACE Canada has launched two new combined products for pollution and casualty insurance. The Canadian-based operating division of the ACE Group announced the launch of ACE PaC and ACE ECO PaC on Apr. 2. The ACE PaC product combines general…
Sandra Buckberrough Appointed National Account Executive, Crawford & Company (Canada) Inc.
April 2, 2012 Crawford & Company (Canada) Inc.TORONTO (April 2, 2012) – John Sharoun, Chief Executive Officer, Crawford & Company (Canada) Inc., is pleased to announce the addition of Sandra Buckberrough as National Account Executive. Reporting to Gary Gardner, senior vice president, Sales & Marketing, Buckberrough will…