News

Converium Holding AGs board of directors is urging its shareholders to reject SCOR S.A.s offer to purchase the registered shares in Converium held by the public, claiming that the offer fundamentally undervalues the Companys franchise and growth prospects.After careful consideration…

Fairfax Financial Holdings Limited (TSX and NYSE: FFH), a financial services holding company engaged in insurance and reinsurance, has filed a preliminary short form base shelf prospectus with the Canadian securities regulatory authorities, allowing Fairfax to offer from time to…

The Court of Queens Bench in New Brunswick has overruled the New Brunswick Superintendent of Insurance and ordered the regulator to review its dismissal of a case involving unresolved allegations of unfair or deceptive practices.In making his decision for the…

The Centre for Study of Insurance Operations (CSIO) has announced the appointment of Steven Kaukinen as president of the organization. Most recently he served as the president and CEO of Baldwin Janzen Insurance Services in Vancouver. Prior to that post,…

Allstate Insurance Company of Canada has developed an alliance with LifeCall, a national provider of personal emergency response systems. Allstate policyholders are now able to access an exclusive, value-added offer for personal emergency response services provided by LifeCall. In an…

Legal liability risk is perceived by some health professionals and organizations to be a barrier to delivering health services in collaborative teams, but a Conference Board of Canada report suggests that liability is not the obstacle they say it is.Based…

A panel of senior Canadian climate change experts, chaired by the Canadian Foundation for Climate and Atmospheric Sciencess Dr. Gordon McBean, called on the federal government to increase funding for research on the impact of global warming.We need to factor…

Randy Carroll has been appointed CEO of the Insurance Brokers Association of Ontario (IBAO). With more than 20 years of experience in insurance brokerage operations, Carroll has held the position of chief operating officer of the IBAO since April 2005.…

ICBC is showing its Olympic spirit by joining a partnership to produce special, one-of-a-kind 2010 Winter Games Licence Plates.The plates will be available to B.C. drivers for purchase starting Apr. 16.“British Columbians are excited and proud to be hosting the…

Allegient Systems, a software and service provider, has launched its Independent Adjusters ASP Bill Review (IA ASP) program, promoted as the industrys only Web-based end-to-end bill review solution designed specifically for independent adjusters.Available for immediate use, IA ASP expands the…

AIG Auto Insurance announced a pilot project for auto policyholders with teen drivers that would allow parents to equip their vehicles with a GPS device.AIG Teen GPS Program allows parents to determine the exact location of the teens car via…

Swiss Re has structured and placed US$150 million [approximately Cdn$172 million] of securities covering flood and earthquake catastrophic events in Canada, Great Britain, and the United States on behalf of Allianz Global Corporate & Specialty AG.The multiperil issuance is part…