April 20, 2004 by Canadian Underwriter
Royal & SunAlliance Canada Group has appointed four new brokerages to its book in northern part of New Brunswick. The insurer says it will look at expanding overall capacity in the province’s auto insurance market based on the product cost-cutting reform measures thus far introduced by the government.
Royal & SunAlliance notes that New Brunswick’s auto insurance marketplace is already reflecting improved underwriting conditions. "the situation has already markedly improved, further displayed by the rating approval we recently received by the [province’s] Public Utilities Board." Shawn DeSantis, vice president of personal insurance at Royal & SunAlliance, observes "this move [the new brokerage appointments] reflects our optimism in the Atlantic insurance environment. We are continuing to work with the government and we are beginning to see positive changes in the marketplace. As the market continues to strengthen, we are looking for brokers to work closely with us"