Segment
Brokers
B.C. Insurance Council places restrictions on SSEI Insurance Agency, suspends license of its sole officer and director
November 22, 2010 by Canadian UnderwriterThe Insurance Council of British Columbia has placed conditions on the license of SSEI Insurance Agency and suspended the license of its sole officer and director, Nicholas Di Perno, pending an investigation of misconduct allegedly occurring at the sports and…
Munters MCS rebrands itself as Polygon
November 19, 2010 by Canadian UnderwriterMunters’ Moisture Control Services (MCS) will now be known as Polygon. The MCS division separated from Munsters Group at the beginning of October, establishing itself as an independent company. The company had been operating under different brands across the world.…
Marsh predicts ongoing soft U.S. commercial lines through 2010 Q4
November 18, 2010 by Canadian UnderwriterSoft U.S. commercial insurance market conditions are expected to persist through 2010 Q4, Marsh reported.So far in 2010 Q4, Marsh clients renewing their programs have experienced average rate reductions across all major lines of business compared to 2009 Q4. Marsh’s…
MPI, brokers offer provincial snowmobilers new Snopass payment options
November 17, 2010 by Canadian UnderwriterManitoba Public Insurance (MPI), in partnership with Snoman Inc. and the Insurance Brokers Association of Manitoba (IBAM), has given the province’s snowmobilers more payment options to purchase their Snopasses. Snowmobilers require a valid Snopass to travel legally on Snoman’s groomed…
R&Q Risk Services launches Canadian managing general agent unit
November 15, 2010 by Canadian UnderwriterR&Q Risk Services Canada Limited is the newest managing general agent to enter the Canadian marketplace.R&Q Risk Services is owned by Randall & Quilter Investment Holdings Plc, a publicly listed non-life insurance investor, service provider and underwriting manager.Lloyd’s Syndicates will…
Swiss Re offers brokers E&O deductible reduction policy enhancement
November 15, 2010 by Canadian UnderwriterSwiss Re has launched a new deductible reduction policy enhancement for its broker association errors and omissions (E&O) policyholders. Through the enhancement, Swiss Re will reduce the E&O policy deductible by 50% – up to a maximum of $12,500 per…
MGA market maturing, but profitability expectations shrinking: Guy Carpenter
November 15, 2010 by Canadian UnderwriterThe program administrator and managing general agent (MGA/PA) market is maturing, but profitability expectations within the sector are shrinking, reported Guy Carpenter.In its annual survey of the MGA/PA market, Guy Carpenter noted the number of carriers entering the space has…
RCCAQ appoints new executive director
November 12, 2010 by Canadian UnderwriterIsabelle Perreault has been appointed executive director of the Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ). She was previously the director of communications and public affairs with the Chambre de l’assurance de dommages (ChAD) and the Coalition pour…
Policy Works and SGI Canada enable straight-through processing of commercial lines
November 12, 2010 by Canadian UnderwriterPolicy Works Inc. and SGI Canada have enabled straight-through processing of commercial lines data between a desktop application and an insurer’s underwriting system. Policy Works v2010.1 is the first mechanism to achieve this, a Policy Works release says.Brokers are able…
Chesterfield Canada expands to Alberta and British Columbia
November 10, 2010 by Canadian UnderwriterChesterfield Canada Inc., a specialist independent wholesale broker, is expanding its presence across Canada.The Lloyd’s broker has applied for and successfully obtained licenses to offer its wholesale products in Alberta and British Columbia.“We are very pleased that the regulatory authorities…
Define the “less hurt” rather than the catastrophically impaired: Cooke
November 9, 2010 by Canadian UnderwriterRegulators should abandon trying to define catastrophic impairment and focus instead on defining those who are “less hurt,” said George Cooke, president and CEO of The Dominion of Canada General Insurance Company.Cooke spoke at an Insurance Brokers of the Toronto…
iClarify pilot program launched in British Columbia
November 8, 2010 by Canadian UnderwriterSCM Risk Management Services (RMS) in partnership with the Insurance Brokers Association of British Columbia (IBABC) launched the pilot of iClarify services in B.C.More than 50 brokerages across the province have been selected to take part in the test phase,…