News
Willis Group announces new CEO, deputy CEO
October 17, 2012 by Canadian UnderwriterGlobal insurance broker Willis Group Holdings has announced Dominic Casserley will be its new chief executive officer, effective Jan. 7, 2013, following the 12-year tenure of current company head Joe Plumeri. Casserley, 54, is currently a senior partner of McKinsey…
4.0-magnitude Maine earthquake “lightly felt” in Sherbrooke, Que.
October 16, 2012 by Canadian UnderwriterA 4.0-magnitude earthquake that occurred in Maine on Tuesday evening was felt throughout southern New England, including in Boston, and was “lightly felt” as far as Sherbrooke, Que. according to Earthquakes Canada. The earthquake, which hit just just after 7…
How the time-out at Queen’s Park will affect the auto and property insurance industry
October 16, 2012 by Canadian UnderwriterWith the Ontario legislature prorogued, several measures that would affect the industry, including efforts to fight auto insurance fraud, will be delayed, according to officials with two industry associations. On Monday night, Premier Dalton McGuinty announced he would be stepping…
Insurance Institute offers new course on “emerging issues”
October 16, 2012 by Canadian UnderwriterThe Insurance Institute of Canada has introduced a new course based on emerging issues, such as climate change, as part of the Fellow Chartered Insurance Professional (FCIP) program. Launching in January 2013, “Emerging Issues: Implications for the P&C Insurance Leader”…
Hurricane Rafael to reach Newfoundland with minimal impact
October 16, 2012 by Canadian UnderwriterHurricane Rafael won’t have much impact on land in Newfoundland, although some parts of the province could see “enhanced rainfall” over the next few days, the Canadian Hurricane Centre said Tuesday. The storm was upgraded to category one hurricane status…
Aviva appoints new head for Quebec and Atlantic Canada
October 16, 2012 by Canadian UnderwriterAviva Canada has appointed Martin-Eric Tremblay as senior vice president for Quebec and Atlantic Canada as of Nov. 1. Tremblay has worked in the insurance industry for 30 years and has management and executive experience in marketing, underwriting, operations and…
Most British Columbia residents unprepared for earthquake: Survey
October 15, 2012 by Canadian UnderwriterMore than two-thirds of British Columbia respondents to a survey reported they do not have an emergency plan, while the Insurance Bureau of Canada is the presenting sponsor of an earthquake drill, dubbed ShakeOutBC, scheduled Thursday in the province. In…
Economical Insurance continues demutualization preparation with Mattei sale
October 15, 2012 by Canadian UnderwriterEconomical Insurance of Waterloo, Ont. announced Monday the sale of the principal operating assets of Seattle-based Mattei Insurance Services Inc. The sale, to Alteris Insurance Services Inc., is aligned with Economical’s “ongoing preparations for demutualization,” chief financial officer Philip Mather…
Insurance on Demand web service now available on Economical Insurance site
October 15, 2012 by Canadian UnderwriterEconomical Insurance of Waterloo, Ont. has added the Insurance on Demand web service to its corporate website but the Insurance Brokers Association of Ontario (IBAO) says it is opposed to company portals and company mobile apps. IOD was originally announced…
CARSTAR renews first franchise owners for another 20 years
October 15, 2012 by Canadian UnderwriterAuto repair company CARSTAR has renewed its first ever franchise relationships for another 20 years, the Hamilton, Ont.-based company announced Oct. 12. During the 1980s, both Domenic Lucarelli and Sam Saputo were employees of CARSTAR president and CEO Sam Mercanti,…
Policy Works’ iPad app now available through App Store
October 15, 2012 by Canadian UnderwriterSoftware vendor Policy Works Inc.’s iPad application, Policy Works Producer, is now available for download from Apple’s App Store. The app, released selectively in March, is designed for “commercial lines insurance producers working in the field,” according to the company,…
PartnerRe expects $63 million net charge in third quarter from U.S. drought losses
October 12, 2012 by Canadian UnderwriterGlobal reinsurer PartnerRe Ltd. is expecting a net charge of about $63 million related to losses within its North American agriculture business in the third quarter of this year, mainly due to severe drought in the United States. The net…