Segment
Brokers
Ontario brokerage Orr acquires group of six area firms
November 1, 2013 by Canadian UnderwriterStratford, Ont.-based brokerage Orr Insurance & Investment has signed a deal to bring the six brokerages under Huron Insurance Managers Group under the Orr name in a transaction finalized Friday. Orr, a fourth-generation independent brokerage, has operated since 1895 and…
Unsocial Function
November 1, 2013 The CIP Society of the Insurance Institute of CanadaHow does an insurance professional, who is attending a social function, deal with someone who voices vigorous disenchantment with the industry? One course of action may be for the industry and its professionals to do their best to educate and clearly communicate with the consumer – regardless of the setting.
Moves and Views
November 1, 2013 by Canadian Underwriter1 Greg Somerville (1) has been named Aviva Canada’s new president and CEO. Most recently executive vice president of broker distribution, Somerville has also served as executive vice president of claims and reinsurance, responsible for the technical and strategic direction…
Compatible and Consistent
November 1, 2013 Hans Gantzkow, Senior Architect and Analyst, Centre for Study of Insurance OperationseDocs is the first business activity to be available for certification under the Centre for Study of Insurance Operations’ new national certification program. While the eDocs standard is meant to save time and money for brokers and insurers alike, certification is expected to enhance those efficiencies.
All Business
November 1, 2013 Greg Meckbach, Associate EditorBrooke Hunter, incoming president of the Toronto Insurance Conference (TIC), advises commercial brokers not to limit themselves to just selling insurance. A key TIC objective is to ensure member brokerage firms are well-informed on issues affecting the industry.
Quebec insurance brokers voice concerns over consumer protection
October 30, 2013 by Canadian UnderwriterIllegal business practices – including those involving automobile dealerships that disparage products offered by brokers and sell replace insurance – are among the challenges the insurance brokerage profession in Quebec must address. Challenges related to consumer protection, changes in consumer…
Willis Group Holdings reports net loss from continuing operations, higher organic growth for 2013 Q3
October 30, 2013 by Canadian UnderwriterWillis Group Holdings plc posted a net loss from continuing operations of $27 million in the third quarter of 2013, but reports that organic growth continues to increase. The $27 million net loss from continuing operations was reported after Willis…
Brokerage, risk management revenues up for Arthur J. Gallagher
October 30, 2013 by Canadian UnderwriterArthur J. Gallagher & Co. released Tuesday its financial results for the quarter ending Sept. 30, recording a 26.9% increase in revenue year over year. During the latest quarter, the Itasca, Ill.-based insurance brokerage and risk management firm recorded revenues…
Approved auto insurance rate filings in Ontario down in 2013 Q3
October 30, 2013 by Canadian UnderwriterPrivate passenger auto insurance rate filings in Ontario approved during the third quarter of 2013 declined on average by 0.68%, based on the entire market, notes a recent notice from the Financial Services Commission of Ontario (FSCO). The notice provides…
Less than 10 per cent of Albertans in flood zone have agreed to move so far
October 28, 2013 The Canadian PressCALGARY – So far less than 10 per cent of Albertans who lost their homes in the June floods have decided to accept a government offer to buy them out. Of the 250 eligible people in the floodway zone, 22…
Use of technology up among small businesses in U.S, concerns over cyber security also on the rise
October 28, 2013 by Canadian UnderwriterThe percentage of small business owners in the United States who are using tools like smartphones and the cloud has increased significantly in just three years, a situation that demonstrates the need to keep on top of cyber security issues…
CNA Financial announces net operating income of US$269 million for 2013 Q3
October 28, 2013 by Canadian UnderwriterCNA Financial Corporation has posted net operating income of US$269 million and net income of US$272 million for the third quarter of 2013. Both figures increased over net operating income and net income for the third quarter of 2012, which…