Michael J. Buzzeo has been appointed vice president of ClaimsPro Inc.’s special risk division (SRD), the company announced Sept. 20. An executive general adjuster with ClaimsPro, Buzzeo has a strong network nationally and internationally with brokers, underwriters, and clients, the…
The Financial Services Commission of Ontario issued three insurance scam warnings on Sept. 19. FSCO has warned that Trans Direct Insurance Co. is not licensed to do insurance business in Ontario. It also warned that two individuals, Jermaine Nathaniel Jones…
Royal Premium Budget Canada Inc. announced its entry into Canada on Sept. 17, providing insurance premium financing in the Canadian marketplace. The company will offer customized financing through its affiliate, Burns & Wilcox Canada, a wholesale broker focused on specialty…
The Independent Broker Resources Inc. (IBRI) has released a smartphone app for brokers, called the Insurance Companion. The app is available for Android, iPhone and Blackberry operating systems and will allow an insurance brokerage to have its own branded mobile…
Insurance software company Applied Systems has announced the opening of its Canadian data centre. The new centre will meet what the Illinois-based company calls a growing demand for cloud-based brokerage management systems. The new facility is its third data centre…
IDT911, an identity management and data risk management services provider, has expanded into Canada to help businesses minimize the chance of breaches and manage them when they occur. The Arizona-based company, which has offices in Toronto, partnered with Economical Insurance…
Verisk Crime Analytics has launched two new national information-sharing systems for Canadian insurers and policyholders to fight cargo and heavy equipment theft. The CargoNet and National Equipment Register (NER) are already supported by several Canadian insurers and fleets, and law…
Insurance professionals in Saskatchewan have recently gained access to a new Level 1 licensing program from ILScorp. The ILS Introduction to General Insurance (ILS IGI) program is now accredited by the Insurance Council of Saskatchewan, notes a statement from ILScorp,…
Western Financial Group announced its acquisition of Orion Insurance Brokers Ltd. in Winnipeg on Sept. 7. Western, based in High River, Alberta, will add Orion’s Transcona office to its existing Winnipeg locations. Founded in 1993, Orion was purchased in 2008…
The outlook for the Canadian property and casualty market for the remainder of 2012 is stable, with a low level of change to companies’ ratings, notes a senior financial analyst with A.M. Best Company. This is despite economic uncertainty in…
Intact Financial Corporation today announced the completion of its $530-million acquisition of Jevco Insurance Company, a wholly owned subsidiary of The Westaim Corporation. The acquisition of JEVCO, a leading provider of specialty and niche insurance products for individuals and businesses…
Stephen Halsall, the incoming president of the Insurance Brokers Association of Canada, has his sights on a familiar road ahead.