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Integro appoints Wayne Snow for construction practice

June 29, 2006 by Canadian Underwriter

Integro (Canada) Ltd. has appointed Wayne Snow as principal for the company’s Toronto office, where he will lead and develop Integro’s Canadian construction practice.Snow has 30 years of experience in risk management and commercial insurance, most recently serving as senior

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In remembrance: Moody, a leader of women in insurance

June 27, 2006 by Canadian Underwriter

Maggie Moody, 59, a long-time member of the Toronto Insurance Women’s Association (TIWA) and the Canadian Association of Insurance Women (CAIW), passed away suddenly on June 16.A long-time employee of Marsh Canada, Moody has served as president for both TIWA

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Willis will rate insurance carriers on service

June 22, 2006 by Canadian Underwriter

Willis Group Holdings (NYSE: WSH), a global insurance broker, has launched The Willis Quality Index, an initiative to benchmark insurance carriers from the perspective of servicing and supporting clients’ needs. The Willis Quality Index provides information on such things as:

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SGI Canada now selling insurance products in Alberta

June 22, 2006 by Canadian Underwriter

SGI Canada has begun selling insurance products and services in Alberta, the Crown corporation announced in an online posting.“We’re very pleased to enter the Alberta market as it holds great potential for growth for SGI Canada,” SGI Canada president Jon

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Many Canadians find insurance “difficult to understand”

June 21, 2006 by Canadian Underwriter

According to a recent study conducted for The Co-operators, 66% of Canadians find insurance “difficult to understand,” and 63% are “unsure how premiums are calculated.” “The findings are troubling, because insurance is an important financial planning tool and part of

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Royal & SunAlliance to acquire Shillington’s personal lines business

June 19, 2006 by Canadian Underwriter

Royal & SunAlliance has announced plans to reduce costs including 1,500 layoffs (1,350 of them in the U.K. and Scandanavian regions) and a future strategy of double-digit growth in its international division, including Latin America and Canada.Part of Royal’s growth

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AXA increases broker support

June 16, 2006 by Canadian Underwriter

AXA Canada recently demonstrated its commitment to insurance brokers across Canada by increasing its investment in the Insurance Brokers Association of Canada (IBAC) Broker Identity Program to Full Partner status. The move means AXA Canada will be able to display

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Benfield warns of 2007 capacity squeeze

June 16, 2006 by Canadian Underwriter

Bermuda reinsurers have forecast that rates will continue to harden through the year and a capacity squeeze could even spread beyond the Florida market into other territories in 2007.Increased demand, revised catastrophe models and more stringent capital constraints continue to

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CCIR/CISRO announce reciprocal licensing model

June 14, 2006 by Canadian Underwriter

The Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO) have adopted a reciprocal licensing model for the insurance agent/broker licensing system in Canada effective July 4, 2006.The reliance model incorporates greater harmonization for agent

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IBAO launches new Web site (June 12, 2006)

June 12, 2006 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) has launched a new Web site, http://www.ibao.org, providing an extensive range of information on insurance topics. Technically developed by AKA New Media Inc. (AKA Broker), the site is designed to be fresh, innovative

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RIBO cautions against negative option billing

June 6, 2006 by Canadian Underwriter

Registered Insurance Brokers of Ontario (RIBO) has issued a warning in its Spring 2006 bulletin about insurers’ use of negative option billing or marketing.Reprinting an excerpt of a similar warning issued in 2000, RIBO noted the “Financial Services Commission of

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ING Savers integrated with Compu-Quote software

June 2, 2006 by Canadian Underwriter

Compu-Quote Inc. recently integrated its AutoRater and PropertyRater services with ING Insurance’s point-of-sale tool, Savers. The amalgamation of these products will allow brokers to submit new business to ING Insurance through Savers from within Compu-Quote’s rating services without double entry.