Segment
Brokers
CSIO recognizes The Economical for its ‘Insurance on Demand’ solution
May 12, 2011 by Canadian UnderwriterThe Centre for Study of Insurance Operations (CSIO) has presented its 2010 CSIO Annual Achievement Award to The Economical Insurance Group (TEIG) for the insurer’s Insurance on Demand solution.CSIO gives out an award each year to one of its members…
Aviva Canada offers insurance quotes online
May 12, 2011 by Canadian UnderwriterConsumers can now get insurance quotes online at avivacanada.com. “The new capability connects consumers to a local broker of their choosing (where available) and allows them to obtain a no-obligation insurance quote for their home or vehicle, all from the…
Quebec regulator offers $1.6 million in compensation to victims of investment scheme in connection with former insurance broker
May 11, 2011 by Canadian UnderwriterQuebec’s financial services regulator, the Autorité des marchés financiers (AMF), is paying out $1.6 million in compensation to 28 investors defrauded in an investment scam in connection with former insurance broker and financial advisor Carole Morinville.In August 2010, the AMF…
The Co-operators attributes positive Q1 earnings to home insurance portfolio
May 10, 2011 by Canadian UnderwriterCo-operators General Insurance Company posted a consolidated net income of $25.8 million in 2011 Q1, compared to $31.8 million for the same quarter in 2010.“Earnings in the first quarter were positively impacted by strong results in the home insurance portfolio…
Munich Re posts loss for Q1 due to natural catastrophes
May 10, 2011 by Canadian UnderwriterMunich Re posted a consolidated loss of €948 million ($1.4 billion) for 2011 Q1, due to exceptionally high costs for natural catastrophes. Despite the loss in the first quarter, Munich Re still expects to record a profit for the current…
Campaign raises awareness about smart driving
May 10, 2011 by Canadian UnderwriterDriver actions are a contributing factor in 63% of all police-attended crashes involving injuries and fatalities in British Columbia, according to the Insurance Corporation of British Columbia (ICBC). Seventy-six thousand people, on average, are injured in crashes every year in…
To the “disappointment” of brokers, Nova Scotia offers $1.8-million payroll rebate to promote growth of TD Insurance
May 5, 2011 by Canadian UnderwriterThe Government of Nova Scotia is offering a $1.8-million payroll rebate to support the expansion in Halifax of TD Insurance in Halifax, which plans to create up to 140 new full-time jobs over the next six years.The Insurance Brokers Association…
IBAC offers Elite Force-Best Practices Producer Academy for third year running
May 4, 2011 by Canadian UnderwriterElite Force-Best Practices Producer Academy, a sales training program for producers, will be offered for a third year running. The Insurance Brokers Association of Canada (IBAC) customized the comprehensive insurance sales training program for the Canadian Broker marketplace.The 12-day intensive…
Intact continues full-partner investment in broker identity program
May 4, 2011 by Canadian UnderwriterIntact Insurance is continuing its investment as a full partner of the Insurance Brokers Association of Canada (IBAC)’s Broker Identity Program.Launched 23 years ago, the mission of the Broker Identity Program is to promote the value and professionalism of the…
Taking the Pulse
May 1, 2011 by Canadian UnderwriterWhen you consider these global disasters on a cumulative basis, the numbers start to look foreboding. We’re barely 16 weeks into the year and we are already between one quarter and halfway to the analysts’ projected target for raising more capital.
WICC Gala Dinner
May 1, 2011 by Canadian UnderwriterWICC Ontario held its 15th annual gala dinner, ICONIC, on Apr. 13, 2011 at The Westin Harbour Castle Hotel in Toronto. WICC dinner co-chairs and evening emcees Michael Butler and Marian Adamson introduced WICC co-chairs Carolyn Horan and Jean Faulkner…
Roy Vincent Retirement Celebration
May 1, 2011 by Canadian UnderwriterHannover Re held a retirement celebration for Roy Vincent on Apr. 14 at the Rosewater Room in Toronto. More than 150 clients, colleagues, partners and guests attended. Vincent began his insurance career at the age of 17 as a Lloyds…