Canadian Underwriter

Segment
Brokers


News Insurance

Cease and desist order issued against Quebec-based company

November 30, 2006 by Canadian Underwriter

The Financial Services Commission of Ontario (FSCO) has issued a cease and desist order against a Quebec-based business operating in Ontario.A FSCO investigation found that Socit de Cautionnement Inc. (otherwise known as Canadian Bonding Corporation), Gestion Lamca Inc. (otherwise known

News Insurance

More ships doesn’t translate into P&I premium decrease

November 29, 2006 by Canadian Underwriter

Ship owners accustomed to double-digit increases in their protection and indemnity premiums over the past five years may be disappointed if they are expecting an improvement in their 2007 renewal terms, a Lloyd’s broker says.HSBC Insurance Brokers, a P&I specialist,

News Insurance

Bank Act review proposals now before Parliament

November 29, 2006 by Canadian Underwriter

The Bank Act review continues to go the brokers’ way.Finance Minister Jim Flaherty recently introduced legislative proposals to Parliament that appear to close the issue of banks retailing insurance for yet another five years.IBAC praised the government for not giving

News InsuranceMergers and Aqcuisitions

What’s New: In brief (November 28, 2006)

November 28, 2006 by Canadian Underwriter

Integro (Canada) Ltd. has appointed Brian Cameron as principal and executive broker for the Toronto office. Cameron joins Integro from Marsh Canada, where he served as a senior vice president. He has 35 years of experience as a property and

News Insurance

What’s New: In brief (November 23, 2006)

November 23, 2006 by Canadian Underwriter

Independent insurance brokers representing The Dominion of Canada General Insurance Company will have the opportunity to meet the flammable-liquid-detecting dog they sponsor through Ottawa Fire Services. The Dominion signed an agreement earlier this year to sponsor the pooch in an

News Insurance

Loyalist Insurance Group reports 2006 Q3 revenues dip

November 23, 2006 by Canadian Underwriter

The Loyalist Insurance Group Limited has announced its 2006 Q3 revenues decreased to Cdn$449,380 from Cdn$488,331 for 2005 Q3.“The decrease, in part, was due to the sale of a small portion of the customer list to a former employee,” the

News Insurance

Lloyd’s wants paperless claims by end of 2007

November 22, 2006 by Canadian Underwriter

Lloyd’s is calling for a paperless claims process in the Lloyd’s insurance market by the end of next year.“Our goal is for all claims going through the [Lloyd’s insurance] market to be processed electronically by the end of 2007,” Lloyd’s

News Insurance

Totten Insurance Group acquires EMC Underwriting

November 20, 2006 by Canadian Underwriter

Totten Insurance Group, a provider of specialty niche products to brokers, has acquired intermediary EMC Underwriting (Excess Markets Corporation), which handles special risk property and casualty accounts in the province of Ontario.Totten Group and EMC will join forces effective Jan.

News InsuranceMergers and Aqcuisitions

Ontario brokers complying with disclosure, says RIBO

November 13, 2006 by Canadian Underwriter

Ontario’s brokers are in “virtually 100% compliance” with a RIBO requirement to produce disclosure statements during routine spot checks by the industry’s self-regulating body. In a recent speech at RIBO’s annual general meeting in Toronto, RIBO’s immediate past president, Toots

News Insurance

Optimum General reports stellar 2006 Q3 claims ratio

November 10, 2006 by Canadian Underwriter

Optimum General Inc. (TSX: OGI.A) has reported a 2006 Q3 profit of Cdn$1.45 million, compared to a net income of Cdn$1.35 million for the same period last year. Optimum General is a Canadian company that underwrites property and casualty insurance

News Insurance

Western Financial Group’s 2006 Q3 profit up 37.9%

November 9, 2006 by Canadian Underwriter

Western Financial Group has announced its revenue for the first nine months of 2006 increased 22.7% — from Cdn$45.6 million in 2005 Q3 to Cdn$56 million in 2006 Q3.In addition, the company’s profits went to Cdn$1.486 million in 2006 Q3

News Insurance

ING Canada adjusts Aeroplan program

November 9, 2006 by Canadian Underwriter

ING Canada’s “Protect & Collect” Aeroplan program is still “flying high,” the company says, although the 500 “bonus” air miles originally offered to customers as part of the program have been eliminated to address RIBO concerns.Launched in early September, ING’s