News

Integro Ltd. has expanded into the London, England marketplace, acquiring Humphreys Haggas Sutton & Co. Ltd (HHS).HHS is a Lloyd’s broker founded in 1994 by its three principals, Toby Humphreys, Simon Haggas and John Sutton. Integro has received regulatory approval…

SGI is amending Saskatchewan’s Traffic Safety Act to establish an immediate 24-hour licence suspension for drivers who fail a standard field sobriety test (SFST) due to alcohol or drug impairment.Also, the province’s act will be amended in 2006 so that…

Willis (NYSE: WSH) recently engaged in two acquisitions and will continue making purchases in its strategic move to boost its regional business.Most recently, Willis reached agreements to buy Peruvian broker JH Asesores y Corredores de Seguros (JHA) and Brazilian benefits…

A Whitehorse woman who operated the Yukon-based insurance agency Territorial Insurance Solutions is facing dozens of fraud charges after leaving Yukon customers who purchased insurance through Territorial without any valid coverage.Joanne Walker recently stated she will be pleading guilty to…

At a recent meeting of the National Conference of Insurance Legislators (NCOIL), the Property Casualty Insurers Association of America (PCI) adopted a resolution on aftermarket parts and renewed a model law on credit scoring on the premise that these actions…

Endurance Specialty Holdings Ltd. will incur a loss of $120 million before tax due to the effects of Hurricane Wilma.This represents an anticipated preliminary estimate that includes an estimated $35 million in gross losses that resulted from storm damage in…

Kingsway Financial Services Inc. (TSX:KFS,NYSE:KFS) has entered into a program management agreement with The Robert Plan Corporation (‘RPC’) to provide additional underwriting capacity to assume the policies serviced by RPC. The agreement is effective for new and renewal business on…

Making risk management strategies available to small businesses and volunteer-based operations in Atlantic Canada should help improve the availability and affordability of insurance in the area, a task force has recommended.Established in February 2005, the Atlantic Task Force on Insurance…

Standard & Poor’s Ratings Services has taken Transatlantic Reinsurance Co. and its wholly-owned subsidiaries, Putnam Reinsurance Company and Trans ReZurich, off CreditWatch with negative implications and downgraded the company’s rating from an ‘AA’ to an ‘AA-‘.Standard & Poor’s said the…

AXIS Capital Holdings Ltd [NYSE:AXS] has sold 6.8 million of its common shares at $29.42 per share to Citigroup Corporate and Investment Banking, raising aggregate proceeds of approximately $US200 million.Citigroup bought the shares from AXIS Capital and subsequently reoffered the…

Total integrated solution advisor and client manager for brokerages CoVirt Inc. (Canada) recently initiated the production of 20 independently owned insurance agency Equinox Marketing Centers that work through Equinox to sell products for insurance company partners. Tim Fitzpatrick, President of…

The insurance industry is sponsoring Operation Red Nose in Ontario, Alberta and the Atlantic provinces this year. The popular program offers a volunteer designated driver service for holiday revelers while raising money for charity (The service is free, but donations…