The 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’ 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.…
Soft 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…
Manitoba 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 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 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…
The 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…
Isabelle 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 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 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…
Regulators 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…
SCM 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,…