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

BMO Completes AIG Acquisition

March 25, 2010

In an all-cash deal estimated at $329.5 million CDN, BMO Financial Group said today that it has officially purchased AIG Life Insurance Company of Canada (AIG Life of Canada). The deal was first announced in mid January. Effective today, AIG…

News

CI EXPERT LEGAL PANEL GUEST: Clarifying the Law for Director’s Duties

March 25, 2010

A decision by the Supreme Court of Canada, in the long-awaited BCE Inc. v. 1976 Debentureholders (“BCE”) case effectively told corporations that directors must exercise business judgment, in line with their primary fiduciary duty, when deliberating on whether or not…

News

Waiting for (Business) Intelligence

March 25, 2010

Business Intelligence is a collection of technologies and processes managed by a competency center to ensure that business users have the data they need to make sound decisions. The Competency Center manages the BI infrastructure and applications, ensures data quality,…

News

Usage Based Insurance

March 25, 2010

The evolution of an online sales culture prompts technological solutions to highly competitive markets, like auto insurance. As a result, some predict that usage-based insurance is poised to take off in North America —to the detriment of some, and the…

News

ING Canada’s Insurance Arm Becomes Intact Insurance

February 23, 2009

Under Dutch ownership, it carried the name of its financial giant parent. As a wholly-owned Canadian company, the former ING Insurance Company of Canada will be known as Intact Insurance, the new company announced this afternoon. The new name—its logo…

News

Equity markets pummel insurers’ earnings

February 17, 2009

The rapid sell-off on equity markets in Q3 and Q4 of 2008 took a heavy toll on Canada’s top insurance carriers, but Sun Life, Manulife and Great-West Lifeco still managed to eke out full-year profits, though substantially reduced. Sun Life…

News

Recession Fails to Dampen Canadian Buyouts

February 17, 2009

The economic doom and gloom that dominated the latter half of 2008 did not decimate Canada’s buyout industry, according to a report. Deal activity in Canada’s buyout market demonstrated continuing resilience in 2008 with a level of investment activity comparable…

News

Engaging DC Plan Members

February 17, 2009

Plan sponsors frequently struggle with their members’ involvement and the choices they make. In times of economic downturn, engagement becomes even more important. But what can you do to ensure that members understand and value their plans and help them…

News

Briefly…Munich Re Maps Natural Hazards

February 17, 2009

Munich Re has added to the industry’s risk research toolbox—creating a virtual map of the world’s natural hazard zones. The company launched this year’s Globe of Natural Hazards as a multi-media DVD that lets users find out the degree of…

News

Briefly…EFI Global, Cunningham Lindsey, Join Forces

February 17, 2009

Forensic engineering firm EFI Global has joined forces with adjusting specialist Cunningham Lindsey, the two companies announced last week. The merger combines the resources of both companies to “help clients assess risk, determine liability, minimize losses and manage environmental challenges,”…

News

Will Customer Satisfaction Drive Rebound for Insurers?

February 17, 2009

If shoppers will help spur an economic rebound, then property casualty insurers are well positioned to recover before other industries, according to a recent study of customer satisfaction. Consumers are much more satisfied with the service and products they get…

News

Briefly…New CEO for Swiss Re

February 16, 2009

Swiss Re has tapped its deputy chief to lead the company through the current economic climate. Stefan Lippe will take the reins at the reinsurer February 18. Outgoing CEO Jacques Aigrain resigned last week, noting that “the interests of Swiss…