Canadian Underwriter

What’s New: In brief (June 14, 2006)

June 14, 2006   by Canadian Underwriter

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Integro recently established its Aviation Practice with the appointment of Edward Nicholls to the position of managing principal and aviation practice leader. Offering 25 years of experience in the aviation sector, Nicholls comes to Integro from Aon Corporation, where he served as an executive vice president for 13 years. Previously he served as chief operating officer for Frank B. Hall’s aviation division. Nicholls has specialized in the aviation-manufacturing sector his entire career.

Insurance-brokerage firm Marsh & McLennan Cos. recently named David Spiller to the position of chief executive of its Guy Carpenter & Co. Inc. global risk and reinsurance specialty business, effective July 1, 2006. Spiller, who previously served as chief executive of Benfield Ltd., is currently president of Guy Carpenter and he will retain that position along with his new role. Spiller replaces Salvatore D. Zaffino, who continues as chairman. Zaffino also remains chairman of Guy Carpenter subsidiary Reinsurance Solutions International LLC.

The Roman Catholic Episcopal Corporation (RCEC) of St. George’s Diocese filed a Statement of Claim in the Supreme Court of Newfoundland and Labrador on Wednesday, June 7, 2006. The statement seeks indemnity from six insurance companies for damages owing to victims of sexual abuse and defence costs and indemnity from any further damage awards. “We have no alternative but to take legal action,” the Most Rev. Douglas Crosby, Bishop of St. George’s Diocese, says. “We believe the insurance companies have a duty to acknowledge their responsibility. We’re asking the courts to enforce the rights of the Episcopal Corporation under its insurance policies.” In March 2004, the Supreme Court of Canada ruled that the RCEC was directly and vicariously liable for abuse inflicted by Kevin Bennett who was at the time a priest of the Diocese of St. George’s. In July 2005 the Supreme Court of Newfoundland and Labrador, as part of the RCEC’s negotiated settlement with its creditors, approved damages of CD$13 million for the victims.