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Global natural catastrophes reach $38 billion in insured losses

December 16, 2010 by Canadian Underwriter

Global natural catastrophes accounted for $38 billion of insured losses in 2010, according to Aon Benfield. Three hundred and fourteen separate events in 2010 contributed to this loss total. This activity is far higher than in the previous three years,

News Insurance

Peter Burns formally becomes IBAO president on Jan. 1, 2011

December 16, 2010 by Canadian Underwriter

Peter M. Burns will formally become the president of the Insurance Brokers Association of Ontario (IBAO) on Jan.1, 2011.He was officially inducted during the IBAO Convention in October. Burns is currently the president of Burns, Demeyere & Associates in Tillsonburg,

News Insurance

Marsh Canada and TreoScope offers insurance program for hospitality organizations

December 9, 2010 by Canadian Underwriter

Marsh Canada and TreoScope Technologies have launched an insurance program for liquor-serving venues, including nightclubs, bars and pubs. The TreoScope Insurance Program is available exclusively through Marsh Canada for current or future clients who adopt TreoScope’s EnterSafe software. Participants in

News Insurance

Insurance Central sold to BrokerLink

December 7, 2010 by Canadian Underwriter

Insurance Central and BrokerLink have jointly announced that Darren DeDobbelaer, president of Insurance Central, a full service brokerage operating in Southwestern Ontario, has sold his brokerage to BrokerLink. Terms of the transaction were not disclosed.Established in 1991, the BrokerLink companies

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

75% of Ontarians do not know their credit scores are used in home insurance: IBAO

December 7, 2010 by Canadian Underwriter

The vast majority of Ontario consumers – 75% – do not know their credit scores are used to determine how much the pay for their home insurance, according to a survey commissioned by the Insurance Brokers Association of Ontario (IBAO).IBAO

News InsuranceMergers and Aqcuisitions

Chubb Canada offers brokers online quoting capabilities

December 7, 2010 by Canadian Underwriter

Chubb Insurance Company of Canada has launched an online auto and property quoting mechanism for brokers.The @ChubbCanada service now offers brokers online quoting of Masterpiece Auto and Masterpiece Property. The service includes: 24/7 access to accurate quotes and policy information;

News Insurance

The CG&B Group acquires D.M. Edwards Insurance Group and Car Insurance Brokers of Canada

December 6, 2010 by Canadian Underwriter

The CG&B Group Inc. has acquired D. M. Edwards Insurance Group Limited and Car Insurance Brokers of Canada Inc., effective Dec. 2, 2010.In a release, The CG&B Group Inc. says “Edwards Insurance and Car Insurance Brokers have been pioneers in

News Insurance

Aviva announces Community Fund semi-finalists

December 2, 2010 by Canadian Underwriter

Ninety-two semi-finalists from across Canada are still in the running to receive money from the insurer’s $1-million Aviva Community Fund.Created by Aviva Canada, the fund is offering $1 million in donations to support community initiatives across the country. Canadians have

News Insurance

Marsh launches insurance facility for assets in transit and commodity expropriation

December 1, 2010 by Canadian Underwriter

Marsh has launched an insurance facility providing up to $100 million of cover per risk for plant, equipment and inventories located in foreign countries and territorial waters or while in transit between sites.The Mobile Asset and Commodity Expropriation (MACE) insurance

News Insurance

Aon launches water contamination insurance

November 30, 2010 by Canadian Underwriter

Aon has launched water resilience insurance for water utilities across the globe. The insurance provides compensation in the event of malicious water tampering, accidental contamination and extortion. It also takes into account real-life scenarios not typically covered, such as costs

News Insurance

Scotiabank Group opens its second retail insurance centre

November 26, 2010 by Canadian Underwriter

Scotiabank Group has opened a second retail ScotiaLife Financial Insurance Centre, located in downtown Toronto.“With the success of the first ScotiaLife Financial Insurance Centre in Mississauga, the new centre located on the concourse level of the Bay Adelaide Centre in

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Ontario Legislature passes non-binding motion calling on insurers to reduce premiums for drivers with winter tires

November 26, 2010 by Canadian Underwriter

The Ontario Legislature has passed a non-binding private member’s motion calling on the insurance industry to reduce premiums for those who have winter tires. Bill Mauro, MPP for Thunder Bay-Atikokan, introduced his private member’s motion in the Ontario Legislature in