Canadian Underwriter

What’s New: In Brief (March 16, 2009)

March 16, 2009   by Canadian Underwriter

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The Certified Restoration Drycleaning Network (CRDN) is challenging insurance companies to dig into their closets and donate professional attire to help economically disadvantaged Canadians dress for success.
The clothing drive, held Apr. 20 to May 1, supports Dress Your Best, a non-profit registered charity that contributes to the relief of poverty around the Greater Toronto Area.
Donations of gently used clothing will be used to help Canadians dress for interviews, acquire jobs and restore financial self-sufficiency.
CRDN will distribute garment bags to interested insurance companies. It will also launder or dry clean, press and deliver all donations to the clothing bank.
To get involved call CRDN at 1-866-897-CRDN and ask to speak to a DYB coordinator or email to request a laundry bag and info kit.

Willis Group Holdings has created a new unit, Willis Facultative.
The new unit combines the individual facultative units of Willis and Willis Re and consolidates the group’s specialist facultative advocates around the world into a single global business.
Facultative reinsurance provides coverage for specific risks so large or unusual they are not covered in the reinsurance contract.
The new unit will have responsibility for the development of facultative business globally within the Willis Group, in addition to providing a clear entry point for facultative solutions to insurance company clients worldwide.