Swiss Res Industrial Risk Insurer has organized its team to better serve customers property and casualty insurance requirements. The reorganization stems from an announcement made by the organization in April stating its intent to enhance its ability to meet the…
The Autorite des marches financiers (AMF) is launching a penal proceeding in the Court of Quebec in the district of Montreal against Kingsway General Insurance Company.As a licensed insurer, the company faces 12 charges for failing to provide the Groupement…
After serving the Canadian property and casualty insurance industry for 32 years, Stanley I. Griffin, president and CEO of the Insurance Bureau of Canada (IBC), has announced he will retire at the end of this year.Griffin joined the IBC in…
Manitoba Public Insurance has reported a net income of Cdn$64.8 million for 2007 Q1, spurred by a growing vehicle fleet and solid investment income. Earned revenues increased by Cdn$10.5 million over 2006 Q1, due to an increase in number and…
Government anti-terrorism regulation targeting purportedly charitable financial transactions which may support terrorist activities subject Canadian charities to stringent regulatory requirements and potentially expose charities directors to personal liability, an Aon Canadian advisory report warns.Potential consequences of anti-terrorism act violations could…
Zurich has created a mergers and acquisitions (M&A) unit designed to offer customized products and services to help companies manage M&A transaction-related risks. The unit is part of Zurichs Global Corporate business division and currently fully operational in the U.S.worldwide…
Kroll, a risk consulting company, is combining forces with Direct Marketing Centre Inc. (DMC) to provide Identity Theft Restoration services in Canada. Kroll announced that as part of the strategic alliance, DMC a third-party administrator and solution provider to credit…
Kroll has announced it is combining forces with Direct Marketing Centre Inc. (DMC) to provide Identity Theft Restoration services in Canada. Kroll (a risk consulting company) announced that as part of the strategic alliance, DMC (a third party administrator and…
Transportation Property & Casualty Co., Inc. (TPCC) has been assigned a financial strength rating of A- (Excellent) by A.M. Best & Co.These ratings are the first to be assigned to a Canadian captive insurance company domiciled in Burnaby, British Columbia.…
Canada’s first online brokerage EasyInsure.ca launched in April, according to a release. Direct insurance has been sold online quite successfully over the last few years, but the benefits of a brokerage, including the ability to pull rates from several sources,…
As the soft market approaches its fourth year, director and officers, and general liability premiums are dropping in 2007 Q2, while commercial property premiums remain stable, according to The Risk and Insurance Management Society (RIMS) Benchmark Survey and analysis conducted…
The UKs Court of Appeal handed down judgement that three former Guy Carpenter executives who defected to competitor Integro must be sued in the UK, where they live and work, not in New York, where Guy Carps parent company is…