Canadian Underwriter

 

Canadian Insurance Top Broker is now part of Canadian Underwriter. Find the full Top Broker story archive below, or use the Search function above.

 

News

All Provinces Ready for Recovery in 2010: BMO

March 25, 2010

Most Canadian provinces that experienced economic downturn in 2009 will start to see their economies rebound by 2010, according to the new Provincial Outlook report from BMO Capital Markets. A sharp rebound in commodity prices, followed by widespread fiscual stimuli…

News

Bulletin: A.M. Best Rates Co-operator’s Shares

March 25, 2010

A.M. Best has given the preferred shares issued by Co-operators General Insurance Company a debt rating of “bbb-”, the ratings agency announced May 29. The shares include $100 million in Non-cumulative Five-Year Reset Class E Preference Shares, Series D issued…

News

New Problem, Old Remedy

March 25, 2010

IBC Tests Rain Barrels Old-fashioned rain barrels could be the solution to overburdened sewer systems and flooding, according to the Insurance Bureau of Canada (IBC). A bureau pilot project is using barrels to take pressure off sewers and prevent back-up…

News

Policies will work: BOC

March 25, 2010

Given the rapid onset of what is being hailed as the worst recession since the Great Depression, it’s easy to understand why Canadians may have lost faith in the financial system. But the policy measures the central banks have taken…

News

Can SUVs Handle Rollover Crashes? Some Can’t, says IIHS

March 25, 2010

Sport utility vehicles are often sold on their ability to handle rugged terrain, but how do they protect passengers in rollover crashes? The U.S. Insurance Institute for Highway Safety (IIHS) has singled out the Volkwagen Tiguan as the SUV with…

News

Swiss Re Trims Workforce

March 25, 2010

Swiss Re will trim 10% of its international workforce in a bid to simplify and streamline operations, the reinsurer announced Thursday. Going forward, the company will pare down the number of offices in its network, only operating through those that…

News

Briefly…Ratings Shift for Swiss Re Canada

March 25, 2010

Ratings agency A.M. Best has withdrawn rankings for Swiss Re Canada in the wake of the company’s transfer of business to parent company Swiss Re. The agency has assigned Swiss Re Canada an NR5 (not formally followed) rating for its…

News

Congressmen Seek AIG Bailout Study

March 25, 2010

How will the AIG bailout ultimately affect other insurers? Two U.S. congressional leaders are asking the Government Accountability Office (GAO) to study the troubled company’s rescue and its implications for the rest of the U.S. market. The request-from Rep. Paul…

News

ICBC Steps Up Anti-Fraud Efforts

March 25, 2010

British Columbia’s public auto insurer will play a major role in the province’s latest anti-fraud efforts. The Insurance Corporation of British Columbia (ICBC) will issue new, security-enhanced drivers licences and registrations introduced last week by the province’s solicitor general. The…

News

Rotman Dean Shares Leadership Lessons

March 25, 2010

Member of the Insurance Institute’s CIP Society will get lessons in leadership from someone well-versed on the topic: Roger Martin, dean of the Rotman School of Management, will host a CIP webinar on leadership as part of Insurance Education Week…

News

Industry Needs “New Architecture”: Lloyd’s Chair

March 25, 2010

The global insurance industry must establish a “new architecture” of cooperation and governance, and take a leading role in helping businesses understand the kind of risks that contributed to current economic woes, says the chairman of Lloyd’s. In a speech…

News

Bulletin: A.M. Best Rates Intact Financial Corp. Notes

March 25, 2010

A.M. Best has assigned an “a-“ debt rating to $150 million in senior unsecured medium-term notes issued by Intact Financial Corp. in late November. The rating ranks the notes alongside the company’s other unsecured and unsubordinated debt, according to an…