Segment
Brokers
What’s New: In Brief (July 24, 2008)
July 24, 2008 by Canadian UnderwriterSymbility Solutions Inc. has formed a strategic alliance with e2Value Inc., integrating e2Value’s web-based property Insurance-to-Value (ITV) calculation services to Symbility’s mobile claims estimation application.E2Value, an insurance and IT consulting firm, is a hosted application provider of online replacement cost…
CCIR recommends privilege for insurers’ self-assessment documents
July 18, 2008 by Canadian UnderwriterThe Canadian Council of Insurance Regulators (CCIR) is recommending insurers’ self-audits be considered privileged information that can’t be used against the insurance company in a civil or administrative proceeding (except if that proceeding is against a regulator).The recommendations are contained…
What’s New: In Brief (July 18, 2008)
July 18, 2008 by Canadian UnderwriterCARSTAR Automotive Canada raised more than Cdn$80,000 for the Canadian Cystic Fibrosis Foundation (CCFF) through its 5th annual ‘Soaps it Up!’ national car wash day.There were more than 55 car wash events across the country this year. CARSTAR volunteers, community…
What’s New: In Brief (July 15, 2008)
July 15, 2008 by Canadian UnderwriterKingsway Financial Services Inc. says it intends to repay outstanding debts under its US$175-million, three-year revolving facility before the end of July.The company arranged the credit facility with a syndicate of banks in June 2006. As of June 30, 2008…
What’s New: In Brief (July 04, 2008)
July 4, 2008 by Canadian UnderwriterBrokers are now able to upload customer and property information directly into SaversCL, ING Insurance’s broker application, to request a quote using Keal Technology’s commercial management system comXP. Using Centre for Study of Insurance Operations (CSIO) XML standards, Phase 1…
What’s New: In Brief (July 03, 2008)
July 3, 2008 by Canadian UnderwriterKathleen Davies has been appointed national account executive with Crawford & Company (Canada). She brings more than 10 years of sales experience to Crawford. Reporting to Gary Gardner, vice president, sales and marketing, Davies will specialize in enhancing Crawford’s sales…
ING loans Anthony Clark Cdn$4.5 million to fund purchases of brokerages
July 1, 2008 by Canadian UnderwriterAnthony Clark International Insurance Brokers Ltd. (ACLTSX Venture) has closed secured debt financing arrangements with ING Insurance Company of Canada, in which ING has agreed to provide a Cdn$4.5-million loan facility to Anthony Clark Insurance Brokers Ltd.“The facility will be…
What’s New: In Brief (June 27, 2008)
June 27, 2008 by Canadian UnderwriterGore Mutual Insurance Company’s foundation has donated Cdn$500,000 to the Cambridge Memorial Hospital, one of the largest donations the hospital’s foundation has ever received.Gore Mutual requested its donation be used to improve treatment at Cambridge Memorial Hospital’s endoscopy unit.The donation…
Direct writers predicted to erode market share of independent channel in Canada (June 26, 2008)
June 26, 2008 by Canadian UnderwriterCanada’s independent broker channel can expect to see continued erosion into their market share by direct writers over the next few years, Joel Baker, president and CEO of MSA Research, told a Standard & Poor’s industry overview panel.Baker observed direct-linked…
What’s New: In Brief (June 24, 2008)
June 24, 2008 by Canadian UnderwriterAon eSolutions has released a new environmental module as part of RiskConsole, its browser-based risk management information system (RMIS).Developed in conjunction with Aon Environmental Services Group, the module provides organizations with the ability to effectively manage the multi-faceted environmental due…
What’s New: In Brief (June 23, 2008)
June 23, 2008 by Canadian UnderwriterRed River Valley Mutual Insurance, Peace Hills Insurance Company and SGI Canada are maintaining their investment as full partners of the Broker Identity Program (BIP) in 2008. The cornerstone of the program is the BIP symbol, known as “the BIPPER,”…
RIBO issues statement on premium financing
June 20, 2008 by Canadian UnderwriterRegistered Insurance Brokers of Ontario (RIBO), the province’s broker regulator, has issued a statement about how brokers might properly arrange premium financing for clients.RIBO cautions that if brokerages opt to finance premiums themselves, the funds they place in trust for…