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Manitoba Public Insurance financial performance is stable

January 10, 2007 by Canadian Underwriter

Manitoba Public Insurance has reported stable financial results as it enters the final quarter of fiscal 2006, which, according to records can include the highest incidence of claims, according to a press release.Manitoba Public Insurance reported net income from operations

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What’s New: In brief (January 09, 2007)

January 9, 2007 by Canadian Underwriter

More and more Canadian insurers are offering identity theft protection as a stand-alone product, reports the Globe and Mail.While policies have been on the market over the past couple of years, typically they have been offered as an add-on to

News InsuranceMergers and Aqcuisitions

What’s New: In Brief (January 03, 2007)

January 3, 2007 by Canadian Underwriter

For the fourth consecutive year, The Co-operators is among the “50 Best Employers in Canada” according to a list compiled by the international human resources firm Hewitt Associates.The Co-operators, based in Guelph, is 20th on this year’s list, an improvement

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What’s new: In brief (January 02, 2007)

January 2, 2007 by Canadian Underwriter

In the spirit of the holiday season, The Co-operators donated more than $446, 500 to the United Way. Staff members contributed the majority of the funds, which will be distributed in the communities where the donations were made.“The generosity of

News Climate ChangeInsuranceMergers and Aqcuisitions

A.M. Best assigns ‘A-‘ rating to Co-operators General Insurance Company

December 21, 2006 by Canadian Underwriter

A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Co-operators General Insurance Company (Co-operators General) (Ontario). A.M. Best has also upgraded the FSR to B++ (Very Good)

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ING reimburses about 51,000 policyholders

December 21, 2006 by Canadian Underwriter

ING Insurance and ING Novex are reimbursing approximately 51,000 policyholders as a result of an error that prevented some of its Ontario customers from receiving their Claims Free Renewal (CFR) discount to which they were entitled.The company rewards the discount

News Insurance

Hub International Trucking Insurance Services expands into Vermont

December 19, 2006 by Canadian Underwriter

Hub International Limited (NYSE:HBG)(TSX:HBG) plans to accelerate its penetration of the transportation insurance market by acquiring Vermont-based Coburn Insurance Agency, Inc. Coburn, a broker earning US$9 million in revenue, has entered into a letter of intent with Hub International Transportation

News Insurance

U.S. brokers put 2005-06 regulatory investigations “behind them”

December 18, 2006 by Canadian Underwriter

U.S. brokers “have largely put the issues from recent regulatory investigations behind them,” according to Fitch Ratings, which assigned a stable outlook to the U.S. insurance broker industry.In a recent industry outlook, Fitch noted that: “although near-term profitability [in the

News InsuranceMergers and Aqcuisitions

Trisura launches Montreal office

December 18, 2006 by Canadian Underwriter

Trisura Guarantee Insurance Company has expanded into Quebec with the launch of its Montreal office. The new location will be headed-up by Jose Levesque, manager of corporate risk, and Jean-Franois Therrien, manager of surety.Levesque is responsible for underwriting and marketing

News Insurance

B.C. Brokers: Licensed to continue….

December 15, 2006 by Canadian Underwriter

The Insurance Council of B.C. is already underway with a new, continuous licensing system for B.C. brokers.Under the new system, licenses will no longer expire and all brokers will have a common annual filing date. The system will be fully

News Insurance

Dale-Parizeau LM and Morris & Mackenzie Inc. merge

December 8, 2006 by Canadian Underwriter

Dale-Parizeau LM and Morris & Mackenzie Inc. will merge to become Dale-Parizeau Morris Mackenzie Inc.This new incarnation will become Quebec’s largest independent and privately owned insurance broker.The company will write more than Cdn$200 million of premium with 400 staff operating

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Steve Wagler assumes role as IBAO president on Jan. 1, 2007

December 8, 2006 by Canadian Underwriter

Steve Wagler will be assuming his role as president of the Insurance Brokers Association of Ontario (IBAO) effective Jan. 1, 2007, the association has announced.Wagler was inducted as the IBAO’s 64th president at the association’s 86th annual convention, which was