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News InsuranceMergers and Aqcuisitions

Dominion includes fraud insurance in homeowners’ package

September 14, 2006 by Canadian Underwriter

The Dominion of Canada General Insurance Company (“The Dominion”) is now automatically including up to $25,000 of identity fraud expense coverage in its and Chieftain’s homeowners, tenants and condominium policies, subject to a $250 deductible.The Dominion announced it is not

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Oxygen Holdings introduces reinsurance broker

September 13, 2006 by Canadian Underwriter

Oxygen Holdings P.L.C. recently introduced a reinsurance broker, Oxygen Re that will serve buyers of non-marine, marine and aviation treaty reinsurance and retrocessional covers.In addition, London-based Oxygen Holdings says it will introduce third-party capital in various forms to support underwriting.The

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Aon to accept contingent compensation

September 8, 2006 by Canadian Underwriter

Aon Corp. is the newest of a number of brokers who have the go-ahead to accept profit-based commissions from insurers under the terms that the broker is acting as the insurers managing general agent or underwriting manager.The agreement, reached with

News InsuranceMergers and Aqcuisitions

What’s New: In brief (September 07, 2006)

September 7, 2006 by Canadian Underwriter

In a survey conducted by US-based Flasphler Research Group, Hannover Re came out as the best overall reinsurer for the second time in succession. In addition the survey says the company’s standing showed further appreciable improvement in the assessment of

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What’s New: In brief (September 01, 2006)

September 1, 2006 by Canadian Underwriter

Willis Group Holdings Ltd. recently reached an agreement with New York Attorney General Eliot Spitzer and New York Superintendent of Insurance Howard Mills that will allow the broker to accept extra profit-based commissions from insurers when it acts as a

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Marsh embraces contingent commissions

August 24, 2006 by Canadian Underwriter

Under a new agreement made with New York Attorney General Eliot Spitzer and New York Superintendent of Insurance Howard Mills, broker Marsh Inc. is legally viable to accept contingent commissions on arrangements where it serves as either the managing general

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Crawford & Company busy on M&A front

August 22, 2006 by Canadian Underwriter

Crawford & Company, an independent provider of claims management solutions, has been busy in August, acquiring Broadspire Services, a third-party administrator of casualty claims and medical management services, from Platinum Equity, as well as SLS, a liability adjusting and claims

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Lockton purchases international insurance broker

August 21, 2006 by Canadian Underwriter

Lockton, Inc. today announced has reached a definitive agreement to purchase Alexander Forbes International Risk Services, which is the international brokerage operation of Alexander Forbes Ltd., the world’s ninth largest insurance broker.The $170 million (GBP 90.2 million) transaction will make

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Great American opens new Toronto branch

August 14, 2006 by Canadian Underwriter

Great American Insurance Group’s Executive Liability Division has opened a new branch office in Toronto.The office will be manned by Michael Shore, CRM, and Oren Schemool, MBA, both of whom were educated in Canada, who will specialize in underwriting directors’

News InsuranceMergers and Aqcuisitions

Royal & SunAlliance Canada grows personal/commercial lines

August 11, 2006 by Canadian Underwriter

Royal & SunAlliance Canada reported a 2006 first-half combined operating ratio (COR) of 91.3%, a three-point improvement over prior year, reflecting what the company calls “a strong growth in both the commercial and personal businesses.”The company reported an underwriting result

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Willis strengthens Canadian contingent

August 10, 2006 by Canadian Underwriter

Willis Group Holdings (NYSE: WSH), the global insurance broker, continues to strengthen its presence in key geographic markets across North America with a senior appointment in its Canadian operations. The Company recently welcomed Calgary-based Cees van der Slikke as the

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Hub acquires specialty brokerage

August 4, 2006 by Canadian Underwriter

Hub International Ltd. (NYSE/TSX: HBG) has purchased Post & Kurtz, Inc., an employee benefits insurance brokerage that specializes in serving law firms and other service entities. Post & Kurtz will be integrated into New York-based Hub International Northeast.Marc I. Cohen,