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News Insurance

What’s new: In brief (July 11, 2004)

July 11, 2004 by Canadian Underwriter

Anthony Clark International Insurance Brokers has named Patti Runnalls to its board of directors. She is a chartered accountant and controller for Onyx Energy Inc. U.S. insurers are unimpressed with a draft “best practices” document produced by the National Association

News Insurance

Western Financial buys two Alberta brokerages

July 5, 2004 by Canadian Underwriter

Western Financial Group has picked up two new Alberta brokerages, bringing the total number of offices in the WFG Agency Network to 55.Page Insurance Ltd. of Drumheller, Alberta and Bru Agencies Ltd in Hanna, join WFG, with Ray Page and

News Insurance

Robey retires after 36 years of service

July 5, 2004 by Canadian Underwriter

On June 29 Aon Re Canada held a staff reception to recognize the retirement of Chris Robey after 36 years of service at Aon Re and its predecessor companies. Robey was instrumental in the growth of the company, says John

News Insurance

Hub buys pest control broker

July 4, 2004 by Canadian Underwriter

Hub International Ltd. says it has acquired a New York brokerage specializing in pest control and lawn care programs for other agents, brokers and retail clients, including member of the U.S. Professional Lawn Care Association.White Plains-based B & DA Weisburger

News Insurance

Pricing for kidnap and ransom on the rise: Willis

July 1, 2004 by Canadian Underwriter

In its latest market commentary, broker Willis notes the rising interest in kidnap and ransom (K&R) coverage in light of the high-profile abductions taking place in the Middle East. The televised kidnappings in the conflict zones of Iraq, Afghanistan and

News Insurance

What’s new: In brief (June 29, 2004)

June 29, 2004 by Canadian Underwriter

The Alberta government is seeking input on potential changes to its Health Information Act (HIA). An all-party committee is reviewing the legislation, put in place three years ago to limit access to personal health information. A consultation guide is available

News Insurance

Earnings volatility continues to decline: Aon

June 27, 2004 by Canadian Underwriter

Property & casualty insurers have seen a combination of underwriting discipline and capital management lead to lower earnings volatility in 2003, according to an annual study by international broker Aon Corp.The study measures earnings volatility over one, two, three and

News InsuranceMergers and Aqcuisitions

What’s new: In brief (June 24, 2004)

June 24, 2004 by Canadian Underwriter

SIAA Canada has signed its newest master broker, Brokers Helping Brokers Alliance, and its founders, Rhodes & Williams Ltd. of Ottawa also join the SIAA network. BHB Alliance will cover eastern Ontario, and will help small to mid-size brokers obtain

News Insurance

Guy Carpenter bullish on Lloyd’s in 2004

June 23, 2004 by Canadian Underwriter

Reinsurance broker Guy Carpenter & Co. says the Lloyd’s market should see continued improvement in 2004 on the back of market reforms and underwriting discipline.In its second annual review of Lloyd’s, the impressive results of 2003 are recounted, including BP

News InsuranceMergers and Aqcuisitions

Alberta auto reforms get seal of approval

June 22, 2004 by Canadian Underwriter

Alberta’s auto reform plans have received the final stamp of approval from the provincial Cabinet, setting the launch date for October 1.A committee of legislators is being put together to ensure a smooth transition to the new system, which includes

News Insurance

What’s new: In brief (June 22, 2004)

June 22, 2004 by Canadian Underwriter

Statistics Canada’s Consumer Price Index (CPI) says homeowners’ insurance rates were up 12.5% in May compared to a year ago, partly as a result of renewals in Ontario. At the same time, homeowners’ replacement costs soared 6.5% on higher housing

News Insurance

European reinsurers sticking to guns thus far in 2004

June 21, 2004 by Canadian Underwriter

Early results for 2004 show European reinsurers sticking to their guns on price, with premium income dropping but profits rising. In a new report from Benfield Group, the first-quarter results of Converium, SCOR, Munich Re and Hannover Re (the only