Topic
Insurance
Terrorism risk cat bond prevails
July 14, 2006 by Canadian UnderwriterThe terrorism risk catastrophe bond written by Golden Goal Finance Ltd. To cover the cancellation of the 2006 FIFA World Cup was recently applauded by Risk Management Solutions (RMS).RMS, a provider of products and services for the management of natural…
Auto claims costs up, MPI says
July 14, 2006 by Canadian UnderwriterSolid investment income helped Manitoba Public Insurance (MPI) offset a significant rise in claims costs for the first quarter of 2006, MPI has reported.For the three months ended May 31, 2006, MPI’s claims costs were up CD$17.1 million, or 11.5%,…
Life, non-life insurance sectors show different growth rates
July 13, 2006 by Canadian UnderwriterLife and non-life insurance sectors showed entirely different developments in 2005, a Swiss Re annual study of the global insurance market found.In 2005, the worldwide insurance industry wrote premiums to the tune of US$3.4 billion. According to a Swiss Re…
Aviva rating stable, AmerUs rating revised
July 13, 2006 by Canadian UnderwriterStandard & Poor’s Ratings Services has affirmed its ratings and stable outlook on U.K.-based insurer Aviva PLC and related core operating entities of the group, including CGU International Insurance PLC. At the same time, S & P’s revised its outlook…
“Sociability” critical to success in insurance, study finds
July 12, 2006 by Canadian UnderwriterSocial skills are more critical for success in insurance than in any other industry, according to a study by PsyMax Solutions, a Cleveland-based, human capital assessment firm.“‘Sociability’ in the workplace means being able to relate to others in a highly-engaging,…
What’s New: In Brief (July 12, 2006)
July 12, 2006 by Canadian UnderwriterHub International Limited (NYSE:HBG)(TSX:HBG) has acquired the life insurance portfolio of Standard International Underwriters Ltd. (SIU). Details of the purchase by the Toronto-based Hub Financial Inc. (HUB Financial) were not disclosed. Both HUB Financial and SIU are managing general agencies…
Crawford to handle North Vancouver oil spill claims
July 12, 2006 by Canadian UnderwriterThe Vancouver-based marine services branch of Crawford Adjusters Canada has been appointed to handle the insurable repercussions resulting from a recent oil spill into an inlet off North Vancouver’s waterfront.Vessel owner’s liability insurers appointed Crawford Marine Services to investigate and…
Rukavina appointed district manager for PPG Canada
July 11, 2006 by Canadian UnderwriterRobert Rukavina has been appointed to PPG Canada’s position of district manager, value added programs for Western Canada.CertifiedFirst national manager Norm Angrove said in a press release that Rukavina will be responsible for “continuing to build the CertifiedFirst Network of…
What’s New: In brief (July 11, 2006)
July 11, 2006 by Canadian UnderwriterA.M. Best Co. recently released a new podcast series focused on insurance technogy and the E-Fusion conference. The audio series, called the “E-Fusion Podcast,” covers technology developments, conference doletails and the E-Fusion awards. The first episode features an interview with…
IBC offers up to $20,000 for bike helmet safety tour
July 10, 2006 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is sponsoring four medical students who are cycling across Canada this summer to raise awareness about how to prevent brain and spinal cord injuries.The IBC is offering up to $20,000 in sponsorship money as…
What’s New: In brief (July 10, 2006)
July 10, 2006 by Canadian UnderwriterCrawford Adjusters Canada recently appointed John Taylor to the position of vice president, human resources and training. Taylor began his career as an independent insurance adjuster at Crawford after graduating from Wilfrid Laurier University’s Bachelor of Business Administration program in…
Large companies lead the way in pandemic preparedness
July 7, 2006 by Canadian UnderwriterLarge and publicly held companies appear to be more advanced than their smaller counterparts in their preparations for a possible avian flu pandemic, according to a study by The Conference Board, a New York-based, global research centre. The report was…