Topic
Insurance
What’s New: In Brief (October 18, 2007)
October 18, 2007 by Canadian UnderwriterThe Insurance Brokers Association of Ontario (IBAO) honoured CAIB and CPIB graduates, as well as the brokerages that earned the distinction of Best Practices Brokerages, at an awards luncheon on Oct. 18. Elizabeth McIntyre, an Ottawa-based CAIB graduate, took top…
What’s New: In Brief (October 18, 2007)
October 18, 2007 by Canadian UnderwriterDarrell Blenus has been appointed president of Insurance Premium Financing. The appointment became effective in August 2007, the board of directors announced. Blenus was previously the vice president of sales and marketing. The company has also launched an upgraded commercial…
IBAO survey shows Ontarians favour broker channel
October 17, 2007 by Canadian UnderwriterAbout 51% of Ontario insurance consumers buy their insurance products through the independent broker channel, while 38% buy from agents or direct markets, according to a 2007 independent consumer survey commissioned by the Insurance Brokers Association of Ontario (IBAO).The survey…
Ontario brokers to approach regulators on ownership issue
October 17, 2007 by Canadian UnderwriterThe Insurance Brokers Association of Ontario (IBAO) is planning to ask the Registered Insurance Brokers of Ontario (RIBO) and the Financial Services Commission of Ontario (FSCO) to restrict the ability of non-brokers to buy and control insurance brokerages.The IBAO changed…
Royal & SunAlliance acquires Canadian Northern Shield Insurance
October 17, 2007 by Canadian UnderwriterThe Royal & SunAlliance (R&SA) Canada Group has acquired Canadian Northern Shield Insurance Company (CNS) from The CUMIS Group Limited for approximately Cdn$75 million in cash. The acquisition will make R&SA the sixth largest property and casualty insurance company in…
Stewart Ponton elected president of IILA
October 17, 2007 by Canadian UnderwriterStewart Ponton, chair of McLarens Canada, has been elected president of the International Institute of Loss Adjusters (IILA). As former national president of the Canadian Independent Adjusters’ Association and with McLarens, Stewart has certainly proven his leadership and commitment to…
Robert Landry will retire at the end of the year
October 16, 2007 by Canadian UnderwriterZurich president and CEO Robert Landry will be retiring as head of Zurichs Canadian operations at the end of this year. Alister Campbell will be appointed chief agent and CEO for Zurich Insurance Company in Canada, subject to board and…
Commercial brokers in discussions with CRA over excise tax rules
October 16, 2007 by Canadian UnderwriterThe Toronto Insurance Conference [TIC] and the Insurance Brokers Association of Ontario [IBAO] are in discussions with the Canada Revenue Agency [CRA] about recent changes to the CRAs rules regarding the payment of excise taxes when dealing with foreign, unlicensed…
What’s New: In Brief (October 16, 2007)
October 16, 2007 by Canadian UnderwriterAviva Canada Inc. is partnering with Policy Works Inc. to exchange commercial-lines data, developing an efficient broker systems integration solution. The integration will provide Aviva brokers with the ability to upload commercial lines risk and rating detail directly from the…
Side crash protection varies across midsize SUVs
October 15, 2007 by Canadian UnderwriterFrontal crash protection has improved for the six mid-sized SUVs tested by the Insurance Institute for Highway Safety (IIHS), but the tests reveal significant differences in how well SUVs protect people in serious side crashes.Performance varied considerably in the side…
Taxicab not a direct cause of accident
October 15, 2007 by Canadian UnderwriterA passenger who got out of a taxicab and fell on her way into a hotel was not injured as a result of an accident as defined in subsection 2(1) of the Statutory Accident Benefits Schedule (SABS), the Financial Services…
AIR Worldwide launches new way for U.S. reinsurers to calculate insurance-to-value
October 15, 2007 by Canadian UnderwriterAIR Worldwide Corporation (AIR) has a new service available to assess insurance-to-value (ITV) of U.S. residential property portfolios for reinsurance contract renewals.The challenges insurers face in maintaining up-to-date replacement values are well known in the industry, said Chris Harris, the…