Topic
Insurance
RBCI gets ‘A’ rating (May 11, 2006)
May 11, 2006 by Canadian UnderwriterRoyal Bank of Canada Insurance Company Ltd. (RBCI) has received a financial strength rating of A (Excellent) and the issuer credit rating of “a+” from A.M. Best Co.The rating’s agency reports that these ratings, which have stable outlooks, reflect RBCI’s…
Strong Q1 results at ING Canada
May 11, 2006 by Canadian UnderwriterThe first quarter of 2006 brought strong results for ING Canada Inc. (TSX: IIC.LV) with a net income to $185.9 million, representing a 17.3% increase from $158.5 million the first quarter of 2005. Revenue also increased to $1,133.8 million, up…
Royal & SunAlliance reports strong results
May 11, 2006 by Canadian UnderwriterRoyal & SunAlliance started the 2006 year off strong with a combined operating ratio (COR) for the core Group of 91.6% and 95.8% for the Canadian operation, which represents almost a three-point improvement over Q1 2005.In addition Royal & SunAlliance…
Sun Life supports current Bank Act legislation
May 10, 2006 by Canadian UnderwriterThe existing legislation limiting Canada’s banks marketing of insurance products should be upheld by the federal government, according to chief executive of Sun Life Financial Inc. Donald Stewart.During Sun Life Financial’s recent annual meeting, Stewart commended the new Conservative government’s…
Flu pandemic little threat P&C insurers
May 10, 2006 by Canadian UnderwriterThe property/casualty insurance industry will only encounter a limited amount of exposure if there is an outbreak of H5N1 ‘avian’ flu, according to Standard & Poor’s Corp.The report recently released by S&P’s says a pandemic would be interpreted by P&C…
Pethealth posts record revenues
May 10, 2006 by Canadian UnderwriterTotal revenue for the first quarter 2006 for Pethealth Inc. (TSX:PTZ) drastically increased 41% from Q1 2005 reaching $4.53 million. The Company also recorded a significant decrease in net loss for Q1 2006, which was reported at $150,855, compared to…
What’s New: In brief (May 10, 2006)
May 10, 2006 by Canadian UnderwriterBaird MacGregor extends a cordial invitation to attend an opening cocktail reception in recognition of the Company’s first annual Bond Fountain Charity Art Exhibit. The cocktail reception will be held at the Bertossini Gallery at 783 Queen Street East, Toronto,…
Munich Re’s profits rise
May 9, 2006 by Canadian UnderwriterProfits for German reinsurer Munich Reinsurance Co. spiked this year, increasing 41.7% from the first quarter in 2005 to reach US$1.70 billion (979 million ) in the same period of 2006.This profit, according to Munich Re, is a result of…
Pandemic scenerios underestimate severity
May 9, 2006 by Canadian UnderwriterIn response to increasing concerns of a flu pandemic, Risk Management Solutions (RMS) has completed a probabilistic model for assessing the risk of influenza pandemics across multiple countries. While there are currently a number of other studies illustrating effects of…
KRG brings early Mother’s Day to special family
May 9, 2006 by Canadian UnderwriterA Durham region mother of eight celebrated Mother’s Day early this year when KRG Children’s Charities presented her family with a wheelchair-access van.For Kari Murphy an exceptional mom to eight children, seven with special needs the van is essential as…
KRG supports special family (May 09, 2006)
May 9, 2006 by Canadian UnderwriterA Durham region mother of eight celebrated Mother’s Day early this year when KRG Children’s Charities presented her family with a wheelchair-access van.For Kari Murphy an exceptional mom to eight children, seven with special needs the van is essential as…
KRG supports special family (May 09, 2006)
May 9, 2006 by Canadian UnderwriterA Durham region mother of eight celebrated Mother’s Day early this year when KRG Children’s Charities presented her family with a wheelchair-access van.For Kari Murphy an exceptional mom to eight children, seven with special needs the van is essential as…