Segment
Brokers
Guy Carpenter selected as new placing broker for Caribbean Catastrophe Risk Insurance Facility
March 11, 2011 by Canadian UnderwriterGuy Carpenter & Company, a global risk and reinsurance specialist, and a member of Marsh & McLennan Companies (NYSE: MMC), has been selected as the new placing broker for the Caribbean Catastrophe Risk Insurance Facility (CCRIF). CCRIF is a risk…
Aon Benfield launches new reinsurance research team
March 10, 2011 by Canadian UnderwriterAon Benfield has launched a new market analysis team within Aon Benfield Analytics. The market analysis team, which evolved from Aon Benfield Research, will provide in-depth reports on reinsurers and insight into reinsurance market trends. Aon Benfield Research will now…
Willis North America appoints CFO
March 9, 2011 by Canadian UnderwriterSharon Edwards has been appointed chief financial officer for Willis North America. Edwards previously served as chief administrative officer for Willis North America beginning in 2009. She will be responsible for all aspects of Willis North America’s finance functions, including…
MarketPlace (March 01, 2011)
March 1, 2011 by Canadian UnderwriterCanadian Market Canada’s new rules prohibit banks from promoting non-authorized insurance on Web sites Canada’s Department of Finance has published its proposed rules for preventing banks from promoting non-authorized insurance products on its Web sites. The regulations are a follow-up…
Keeping it Clean
March 1, 2011 Amber D. Scott, Williams McGuire AML Inc., and Lucy Tran, Williams McGuire AML Inc.Money laundering in the Canadian P&C industry is not featured in Canada’s anti-terrorism legislation, and no one is in a hurry to invite more regulation, but insurers need to be wise to schemes to launder money through P&C insurance products.
Excise Tax Extends Its Reach
March 1, 2011 David Gambrill, EditorThe Canada Revenue Agency is taking a fresh approach to legislation applying to unlicensed insurance, creating a potentially costly nuisance for commercial brokers, clients and insurers involved in cross-border insurance deals.
Multinational Insurance: The Case for Non-owned Broker Networks
March 1, 2011 T. Neil Morrison, HUB International, HKMB Ontario; Bruce Basso, Worldwide Broker Network Ltd.Non-owned broker networks give international risk managers both a domestic coordinating broker and oversight over the foreign placements of their global program.
Creative Captives
March 1, 2011 Trevor Mapplebeck and Rob Landolt, Marsh Canada Ltd.When considering whether to retain or remove risks from their corporate balance sheets, companies often overlook the option of creating captive insurance companies.
Moves & Views (March 01, 2011)
March 1, 2011 by Canadian UnderwriterTravelers Canada has promoted vice president Francine Armel to lead its financial and professional services division. Armel joined Travelers Canada in 2005 in the financial and professional services division, which offers management liability and professional indemnity products for public, private…
CSN Collision & Glass breaks ground for new collision repair facility
March 1, 2011 by Canadian UnderwriterCSN Collision & Glass (CSN) has introduced two new locations in Calgary, Alberta. Concours Collision Crowfoot and Concours Collision South have both become members of CSN, a network of independently owned and operated collision repair facilities located throughout Canada. For…
CARSTAR Automotive Canada opens two new locations
March 1, 2011 by Canadian UnderwriterCARSTAR Automotive Canada Inc. recently celebrated the opening of two Alberta locations – CARSTAR Calgary East Lake and CARSTAR St. Albert. CARSTAR Calgary East Lake is a brand new, state-of-the-art location at 4600-112th Avenue South East in Calgary. It is…
5th Annual Post CICMA/CIAA Joint Conference Cocktail
March 1, 2011 by Canadian UnderwriterHundreds of insurance claims industry guests attended the 5th Annual Post CICMA/CIAA Joint Conference Cocktail on Feb. 8, 2011. Entitled ‘The Big Mingle,’ the event was inspired by the television show Mad Men. Giffin Koerth Forensics and Blouin Dunn LLP…