Segment
Brokers
Insurance companies sign up to tackle climate change
September 13, 2007 by Canadian UnderwriterSixteen insurance companies have signed up to be a part of a major initiative to tackle climate change and encourage more climate-friendly customer behaviour. Leading global insurers, reinsurers, brokers and Lloyds of London developed the principles behind ClimateWise to promote…
Celent report shows property and casualty e-business is on the rise
September 12, 2007 by Canadian UnderwriterProperty and casualty insurance e-business is a more important element of distribution strategy than it was three years ago, according to a report recently published by Celent.The report is based on survey data from 44 property and casualty insurer executives…
3% of insurers/reinsurers get an
September 11, 2007 by Canadian UnderwriterOf the 241 global insurers and reinsurers evaluated in Standard & Poors (S&Ps) first ERM [enterprise risk management] scorecard, 81% of insurers and reinsurers received an adequate ranking for their ERM programs, and only 3% received an excellent.Of those assessed…
What’s New: In Brief (September 07, 2007)
September 7, 2007 by Canadian UnderwriterThe National Insurance Conference of Canada (NICC) has reported registering more than 300 senior executives from across Canada, the United States, the United Kingdom and Bermuda for its inaugural conference in 2007.The conference will be held from Sept. 30-Oct 2…
Integro establishes West Coast presence
September 7, 2007 by Canadian UnderwriterIntegro Ltd., has expanded their operations to the West Coast with the opening of a Vancouver office, the firms third location in Canada.The four individuals hired to run the office all joined Integro from Marsh Canada, an Integro release says.They…
Businesses not prepared for global water shortage: Marsh
September 6, 2007 by Canadian UnderwriterThe worlds largest businesses are not prepared for the effects of a looming water shortage, according to research sponsored by the newly-established Marsh Center for Risk Insights.Marsh Inc., a global insurance broker and risk advisor, formed the Marsh Center for…
The Co-operators plans expansion in Quebec
September 5, 2007 by Canadian UnderwriterThe Co-operators is preparing for significant expansion in the province of Quebec. Today, the co-operative financial services organization announced the appointment of Martin-Eric Tremblay as senior vice-president of Co-operators Group Ltd. and president, Quebec Operations, the company announced in a…
What’s New: In Brief (August 31, 2007)
August 31, 2007 by Canadian UnderwriterGuy Carpenter & Company, LLC has launched a new branding campaign, Capital Ideas, and has announced that its logo will change to bring the look in-line with that of parent company Marsh & McLennan Companies (MMC).The new campaign – including…
What’s New: In Brief (August 29, 2007)
August 29, 2007 by Canadian UnderwriterPilot Insurance Company is continuing its investment as a full partner of the Broker Identity Program for 2007, the Insurance Brokers Association of Canada (IBAC) announced. Pilot is proud to continue as a Full Partner of the Broker Identity Program,…
Lack of underwriting discipline in commercial P&C industry: CIAB survey
August 28, 2007 by Canadian UnderwriterCommercial property-casualty insurance rates continued their free-fall during 2007 Q2 in a marketplace environment described as totally unpredictable in terms of pricing and underwriting, according to a commercial market index survey by U.S.s Council of Insurance Agents & Brokers (CIAB).…
Western Financial Group reports 88.1% profit increase
August 15, 2007 by Canadian UnderwriterWestern Financial Group (WFG)s Agency Network, the fourth largest property and casualty broker in Canada, has reported a 42.5% increase in profits for the first six months of 2007, overall WFG reported an increase in profits of 88.1% for the…
New Brunswick increases territories to 11
August 13, 2007 by Canadian UnderwriterIn an on-going commitment to ensuring that residents in New Brunswick have fair and affordable insurance premiums, the government has introduced a new 11-territory insurance rating system. Eleven new territories will replace the current, outdated four territories, T.J. Burke, justice…