Segment
Brokers
Northbridge Insurance certified for eDocs computerized document transfer system
October 7, 2013 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) recently announced it has certified Northbridge Insurance for eDocs. Several brokers and carriers have already implemented CSIO’s Extensible Markup Language (XML) eDocs, but CSIO said on Oct. 4 that Northbridge is the…
Three Ottawa-area brokerages join BrokerLink
October 7, 2013 by Canadian UnderwriterProperty and casualty insurance brokerage BrokerLink has added three new full-service Ottawa-area brokerages to its network of offices in Ontario. Baizana Insurance Brokers, Pentagon Insurance Brokers and Lalonde Insurance Brokers are based in Barrhaven, Orleans and Rockland, and Cornwall, respectively.…
Sale of majority interest in Hub International by private equity firm closes
October 4, 2013 by Canadian UnderwriterPrivate equity firm Hellman & Friedman has successfully completed its buyout the majority interest in Hub International, a deal first announced in August. The transaction values Hub at roughly $4.4 billion. Under the terms of the agreement, investment funds managed…
So Far, So Close
October 1, 2013 by Canadian UnderwriterWhat is the deal with small business insurance and the direct channel? While personal lines insurance has served as the face of the changing distribution landscape to date, opportunities exist for innovative commercial carriers to leverage the online channel to their competitive advantage.
Moves and Views
October 1, 2013 by Canadian Underwriter1 Aviva plc has announced Maurice Tulloch [1], current chief executive officer of Aviva Canada, is the new CEO of Aviva U.K. & Ireland General Insurance, subject to regulatory approval. Tulloch joined Aviva in 1992 and was appointed CEO of…
A Matter of Control
October 1, 2013 Brenda Rose Vice President/Partner, FCA Insurance Brokers; and Technology Champion, IBACThe architecture of the security most commonly underlying today’s insurer-broker interface, which focuses on insurer-approved and issued passwords, removes direct control over access from brokerages to their employees. A need exists to rethink the approach to return control to brokerages, which have the legal relationship with, and accountability to, the carrier.
Ready, Set, Go
October 1, 2013 Greg Meckbach, Associate EditorChris Floyd, president-elect of the Insurance Brokers Association of Ontario, advises brokers to be ready for technology, both as a means to address emerging issues and to enhance service.
Ontario government announces rate reduction plan
September 30, 2013 byThe Ontario government announced in late August the next steps in its plan that it says will reduce auto insurance rates by an average of 15%, a measure it included in this year’s budget. The government said it’s aiming to…
U.K. firm Quindell buys stake in Canadian chain of health clinics
September 26, 2013 by Canadian UnderwriterQuindell Portfolio plc, a consultancy, software and outsourcing firm active in the insurance and claims industry, has agreed to a 26% investment in PT Health, a provider of healthcare and rehabilitation services with over 100 physiotherapy and rehabilitation clinics across…
Alberta stakeholders say overhaul of residential property insurance needed
September 25, 2013 by Canadian UnderwriterChanges need to be made to the current property insurance product for it to be sustainable, especially in the wake of major flooding in Alberta, several industry participants agreed during a recent event held by the Insurance Brokers Association of…
Risk management conversation with policyholders, data investment key to sustainable flood insurance
September 25, 2013 by Canadian UnderwriterNICC 2013 – Insurers have to put more effort into engaging with their policyholders and clearly outlining what their entire homeowner policy covers before a viable flood insurance program can work in Canada, says Kathy Bardswick, president and CEO of…
Aviva Canada CEO Tulloch appointed to lead insurer’s UK & Ireland General Insurance business
September 25, 2013 by Canadian UnderwriterAviva plc has appointed Maurice Tulloch, current CEO of Aviva Canada, as CEO of Aviva UK & Ireland General Insurance. Tulloch joined Aviva in 1992 and was appointed CEO of the Canadian business in 2009. Under his leadership since then,…