News
Joel McQuilkin to lead transportation fleet services at Cunningham Lindsey Canada
August 8, 2011 by Canadian UnderwriterJoel McQuilkin has been appointed director of specialty services-transportation fleet services at Cunningham Lindsey Canada Claims Services Ltd. (Cunningham Lindsey).McQuilkin will be responsible for providing leadership to the national network of transportation fleet specialists across Canada. He will concentrate on…
Philip Mather named senior vice president and CFO at The Economical
August 8, 2011 by Canadian UnderwriterEconomical Mutual Insurance Company has appointed Philip Mather as senior vice president and chief financial officer, effective Oct. 1, 2011. Mather is currently a partner in the audit and assurance group of PricewaterhouseCoopers LLP, specializing in the financial services practice.…
The Economical calls for P&C demutualization regulations to be similar to rules for life insurers – with some exceptions
August 5, 2011 by Canadian UnderwriterThe Economical Mutual Insurance Company has proposed to the federal government that Canadian property and casualty insurers should follow essentially the same demutualization process as reflected in the rules for life insurance mutuals.However, in a submission to the federal government,…
McLarens Canada re-branded as Granite Claims Solutions
August 5, 2011 by Canadian UnderwriterMcLarens Canada has been renamed Granite Claims Solutions.McLarens Canada began 35 years ago in Toronto as Ponton Coleshill InsuranceAdjusters. Since then, the company has grown to over 500 employees and provides claims services across Canada from almost 50 branch offices.…
Slave Lake losses partially offset Intact’s strong first-half performance in 2011
August 4, 2011 by Canadian UnderwriterIntact Financial Corporation (TSX: IFC) has reported a net operating income for 2011 Q2 of $95 million, down $24 million from the same quarter of last year. The decrease reflects after-tax losses of $92 million due to the Slave Lake…
RSA Canada reports 20% increase in premiums, underwriting profit in 2011 first-half
August 4, 2011 by Canadian UnderwriterRSA Canada has reported a 20% increase in its net written premiums and underwriting profit in the first half of 2011, compared to its half-year results last year.The company’s combined operating ratio (COR) was 92.1% in the first half of…
Aviva Canada results buoyed by growth in auto premiums and property lines price increases
August 4, 2011 by Canadian UnderwriterAviva plc reported a total operating profit of £1.3 billion (approximately Cdn$2.1 billion), up 5% from last year’s six-month operating profit of £1.2 billion (Cdn$1.9 billion). The total is up 13% excluding impact of an £84-million special distribution benefit in…
Michael Baxter appointed vice president of property at Canadian branch of XL Insurance
August 4, 2011 by Canadian UnderwriterMichael Baxter has been appointed vice president of property of the Canadian branch of XL Insurance Company Limited, part of the insurance underwriting operations of XL Group plc (NYSE: XL).Reporting to Joseph Tocco, head of XL Insurance’s North America property…
Colorado State researchers maintain forecast for active Caribbean/Atlantic hurricane season
August 3, 2011 by Canadian UnderwriterResearchers at Colorado State University’s meteorology project are calling for a “very active” hurricane season in the Caribbean in 2011. Scientists refer to the ‘accumulated cyclone energy’ (ACE) of the region. The ACE is a measure of a named storm’s…
The Co-operators provides funding for emerging co-operatives
August 3, 2011 by Canadian UnderwriterThe Co-operators announced $115,800 in grants to 11 emerging Canadian co-operatives. The funding is provided through The Co-operators Foundation Co-operative Development Program.The following organizations received funding:•Dominion Newspaper Co-operative, $9,000; •Cooperative de travail du College des Hauts Sommets, $15,000;•Ensemble.coop, $10,000;•Funeral Co-operative…
New Brunswick considers rolling its Consumer Advocate for Insurance into a broader utilities regulatory framework
August 3, 2011 by Canadian UnderwriterNew Brunswick is considering the possibility of rolling its Consumer Advocate for Insurance into a broader utilities regulatory framework.A brief discussion of the possibility is included in a July 7, 2011 ‘Status Report’ on the province’s current review of New…
FSCO revises arbitration forms to require email addresses, issues new rules for use of electronic calendar system
August 3, 2011 by Canadian UnderwriterThe Dispute Resolution Services (DRS) section of the Financial Services Commission of Ontario (FSCO) has issued a new bulletin amending arbitration forms and outlining new rules for the use of an electronic calendar system for use in arbitrations.The DRS eCalendar…