Segment
Brokers
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…
IBAO issues reminder of risks associated with distracted driving
February 23, 2011 by Canadian UnderwriterThe Insurance Brokers Association of Ontario (IBAO) is reminding the province’s drivers about the risks associated with distracted driving.“A recent study on the Ontario Ministry of Transportation’s Web site states that when a motorist is distracted for more than two…
Keal integrates commercial management system with Lloyd’s Canada’s Lineage system
February 23, 2011 by Canadian UnderwriterKeal Technology’s Commercial Management System (CMS), comXP, and Lloyd’s Canada’s Lineage system are now integrated to streamline broker workflows, the companies have announced.“Keal and Lloyd’s Canada brokers can now upload commercial risk statistical data (traditionally known as bordereaux),” Keal announced…
Criminal record checks for first-time Alberta agent, adjuster licensees now available online
February 17, 2011 by Canadian UnderwriterCriminal record checks required as part of the certification process for new Alberta agents or adjusters can now be done online.“As part of the application process for certification as an agent or adjuster, the Alberta Insurance Council has partnered with…
Pembridge and Brovada launch real-time broker solution
February 16, 2011 by Canadian UnderwriterPembridge Insurance Company and Brovada Technologies have launched ‘Broker Connectivity Upload,’ the second-phase of a joint venture offering real-time transactions aimed at improved broker workflows. Broker Connectivity Upload allows brokers to begin and end a new business transaction in their…
Fewer Code of Conduct complaints against Ontario brokers in 2009-10: RIBO
February 16, 2011 by Canadian UnderwriterRegistered Insurance Brokers of Ontario (RIBO), the self-regulating body for Ontario’s brokers, opened 12 fewer complaint files related to Code of Conduct issues in 2009-10, according to latest annual report.This accounted for the main difference in the total number of…
Willis North America names director of operations
February 16, 2011 by Canadian UnderwriterWillis North America has appointed Jeff Elliott as director of operations, a newly created position. Elliott’s role will be to refine Willis North America’s target operating model and oversee its major technology initiatives. In addition, he will develop standards and…
Nova Scotia appoints insurance industry veteran David Chisholm to Waterfront Development Corporation
February 15, 2011 by Canadian UnderwriterThe Government of Nova Scotia has appointed insurance industry veteran David Chisholm to the Waterfront Development Corporation board of directors.Waterfront Development Corporation Ltd. is a provincial Crown corporation that manages provincially owned land along the waterfronts from Halifax, Dartmouth, Bedford…
Changes to Quebec tax regime could increase cost of services provided by brokers
February 15, 2011 by Canadian UnderwriterThe Quebec Services Tax increased by 1% on Jan. 1, 2011, and although the QST is not charged on insurance premiums, it is charged on services that a broker may perform (such as engineering), Marsh reported. In its report, Insurance…