Topic
Insurance
Senior staff changes at Aviva Canada
February 25, 2010 by Canadian UnderwriterAviva Canada is continuing to recruit new members to its executive team, following the appointment earlier this year of Maurice Tulloch as its CEO.James Russell has been appointed as Aviva Canada’s chief underwriting officer. Russell has held several executive roles…
CG&B Group Inc. acquires Robertson & Robertson Yacht Insurance Ltd.
February 25, 2010 CG&B Group Inc.Toronto, ON February 25th, 2010 – The CG&B Group Inc. today announced the acquisition of Robertson & Robertson Yacht Insurance Ltd., a move which brings CG&B into the Yacht Insurance business and expands their current product and service line. A…
Quarter Century Club Announces 51st Annual Reception for March 31, 2010, Toronto
February 25, 2010 Canadian Underwriter magazineAnnouncing the Quarter Century Club 51st Annual Reception WEDNESDAY MARCH 31ST 2010Hilton International Toronto (Richmond Street at University Avenue) Featuring… The Roasting of Malcolm Mac Ross Reception: 12:00pmCost: $65.00 (Retirees $50.00) Send contact information and cheque or VISA information to:…
H1N1 outbreak may not have peaked: WHO
February 24, 2010 by Canadian UnderwriterIt is premature to conclude that all parts of the world have experienced peak transmission of the H1N1 pandemic influenza, according to an emergency committee that advises the World Health Organization. Furthermore, additional time and information is needed to provide…
What’s New: In Brief (February 24, 2010)
February 24, 2010 by Canadian UnderwriterXL Insurance has appointed Seraina Maag as the chief executive of its North America Property and Casualty unit. She succeeds Dennis Kane, who is retiring at the end of the year.Maag most recently headed the Zurich North America commercial specialties…
What’s New: In Brief (February 24, 2010)
February 24, 2010 by Canadian UnderwriterW.R. Berkley Corporation reported a net income of $309 million in 2009, an increase over the $281 million it reported in 2008.The firm’s international operations reported a combined ratio of 100.1% for 2009, marking a slight decrease from 2008’s combined…
Trust in Canadian insurance industry jumps 17%, Edelman survey says
February 24, 2010 by Canadian UnderwriterAfter a year in which trust in business sunk to historic lows, Canada stood out on the world stage with its increased trust in the insurance industry, according to the 2010 Edelman Trust Barometer.Conducted by public relations firm Edelman, the…
Decrease in general increases for P&I renewals: Aon
February 23, 2010 by Canadian UnderwriterShip owners experienced a more benign protection and indemnity (P&I) renewal at Feb 20, 2010, according to Aon Risk Services. General increases ranged between 0% and 12.5%, with a market average of 4.54%, the marine division of Aon reported. Owners…
What’s New: In Brief (February 23, 2010)
February 23, 2010 by Canadian UnderwriterGreenhouse warming will cause the globally averaged intensity of tropical cyclones to shift towards stronger storms, with intensity increases of between 2% and 11% by 2100, says an article published in Nature Geoscience.“Existing modelling studies also consistently project decreases in…
Slight softening of Canadian rates during January 2010 renewals: Guy Carpenter
February 23, 2010 by Canadian UnderwriterThe Jan. 1, 2010 renewals saw a slight softening of rates in Canada, according to a Guy Carpenter GC Capital Ideas report. Property per risk covers with little or no loss activity averaged reductions of 3% to 6%, while greater…
A.M. Best maintains stable outlook for U.S. commercial lines
February 23, 2010 by Canadian UnderwriterA.M. Best Co. is maintaining its stable outlook for the U.S. commercial market, despite soft market conditions, the anticipation of less favourable loss reserve releases and a contracting economy.Commercial lines rates will likely flatten in the latter part of 2010,…
Winmar Announces New Opening in Fredericton NB.
February 23, 2010 Canadian Underwriter magazineLONDON, ON February 23, 2010 Winmar Franchise Corp. in London ON is pleased to announce the opening of its newest location Winmar Fredericton. Winmar Fredericton is located at 654 Riverside Dr. Fredericton NB E3A 8C2,506-455-0051. Eldon Toner: currently the President…