What’s new: In brief (June 08, 2004)

The Financial Services Commission of Ontario (FSCO) confirms the release of a final framework to replace the designated assessment center (DAC) system will be delayed as the earlier proposed expert assessor network (EAN) goes back to the drawing board. FSCO spokesperson Rowena McDougall says as a result of consultations on the EAN proposal, more than 100 submissions representing a “wide range of conflicting viewpoints” were received by the commission. FSCO will be analyzing the submissions and compiling a report for the government for later this spring, she says. Originally the new framework was to be released by the end of June.

Axel P. Lehmann has been named the new CEO of Zurich North America Commercial, although he will not assume that role until September. Lehmann replaces John Amore, who has been named CEO of general insurance for Zurich. Lehmann has been with Zurich since 1996, most recently as CEO of the continental Europe business division. His successor in that role has not yet been named.

Rental guarantee insurer RS Group has signed a 20-year marketing agreement to have its products sold to existing clients of Invvision Capital Inc. in the U.S. and Canada. Invvision has guaranteed a minimum 100,000 apartment units will be enrolled in RS’s “rent shield” program by August 2005.