Canadian Underwriter


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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,, 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

News InsuranceMergers and Aqcuisitions

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.

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What’s New: In Brief (May 30, 2006)

May 30, 2006 by Canadian Underwriter

After 34 years in the insurance industry, Peter Parkin, the chief operating officer of Sovereign General Insurance Company’s Calgary operations, has announced his intention to retire as of February 28, 2007.Parkin has served at Sovereign for the past 13 years

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ING Canada introduces Aeroplan Miles for insurance products

May 29, 2006 by Canadian Underwriter

Aeroplan (TSX:AER.UN) and ING Canada Inc. (TSX:IIC.LV) have agreed to offer Aeroplan members the opportunity to earn Aeroplan Miles on certain insurance products offered by ING Canada’s insurance subsidiaries. Aeroplan members will be able to take advantage of this new

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ING Canada promotes car seat safety through compensation

May 26, 2006 by Canadian Underwriter

ING Canada and belairdirect are promoting car seat safety by offering to compensate auto policyholders for any child safety restraint system installed in a vehicle that is involved in an accident, even if the car seat was not damaged on

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Business must adapt to seasons of change

May 24, 2006 by Canadian Underwriter

The energy insurance market has proven its resilience despite the large losses of 2005, according to the Energy Market Review published by Willis Group Holdings (NYSE:WSH). However, the report notes that with numerous changes and challenges affecting the industry, it

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New York seeks extradition of Canadian charged with insurance fraud

May 24, 2006 by Canadian Underwriter

The United States Attorney for the Southern District of New York has announced the arrest on May 5, 2006, in Canada of Ian Stuart, following the investigation of a massive, $7-million insurance fraud scheme.Stuart, also known as “John Harris” and