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Property policies may not cover toy motor scooters: IBAO

July 27, 2006 by Canadian Underwriter

Is your toy motor scooter covered under your property insurance? Don’t count on it, warns the Insurance Brokers Association of Ontario (IBAO).The IBAO has posted a warning on its Web site that many insurers don’t cover motorized toys under property

News Insurance

What’s New: In Brief (July 12, 2006)

July 12, 2006 by Canadian Underwriter

Hub International Limited (NYSE:HBG)(TSX:HBG) has acquired the life insurance portfolio of Standard International Underwriters Ltd. (SIU). Details of the purchase by the Toronto-based Hub Financial Inc. (HUB Financial) were not disclosed. Both HUB Financial and SIU are managing general agencies

News Insurance

HUB expands into Florida region

July 7, 2006 by Canadian Underwriter

HUB International Limited (NYSE/TSX: HBG) plans to launch its first regional hub in the Southeastern United States through the planned acquisition of a Florida-based insurance broker.This acquisition represents the platform for HUB’s further expansion in the region. Founder of the

News InsuranceMergers and Aqcuisitions

New national P&C conference to be launched in 2007

July 4, 2006 by Canadian Underwriter

A new Canadian insurance conference, planned for the end of September 2007, will bring together CEOs and senior executives of the property and casualty insurance industry.The inaugural National Insurance Conference of Canada (NICC) will be held in Montreal from Sept.

News Insurance

Integro appoints Wayne Snow for construction practice

June 29, 2006 by Canadian Underwriter

Integro (Canada) Ltd. has appointed Wayne Snow as principal for the company’s Toronto office, where he will lead and develop Integro’s Canadian construction practice.Snow has 30 years of experience in risk management and commercial insurance, most recently serving as senior

News Climate ChangeInsuranceMergers and Aqcuisitions

In remembrance: Moody, a leader of women in insurance

June 27, 2006 by Canadian Underwriter

Maggie Moody, 59, a long-time member of the Toronto Insurance Women’s Association (TIWA) and the Canadian Association of Insurance Women (CAIW), passed away suddenly on June 16.A long-time employee of Marsh Canada, Moody has served as president for both TIWA

News Insurance

Willis will rate insurance carriers on service

June 22, 2006 by Canadian Underwriter

Willis Group Holdings (NYSE: WSH), a global insurance broker, has launched The Willis Quality Index, an initiative to benchmark insurance carriers from the perspective of servicing and supporting clients’ needs. The Willis Quality Index provides information on such things as:

News InsuranceMergers and Aqcuisitions

SGI Canada now selling insurance products in Alberta

June 22, 2006 by Canadian Underwriter

SGI Canada has begun selling insurance products and services in Alberta, the Crown corporation announced in an online posting.“We’re very pleased to enter the Alberta market as it holds great potential for growth for SGI Canada,” SGI Canada president Jon

News Climate ChangeInsuranceMergers and Aqcuisitions

Many Canadians find insurance “difficult to understand”

June 21, 2006 by Canadian Underwriter

According to a recent study conducted for The Co-operators, 66% of Canadians find insurance “difficult to understand,” and 63% are “unsure how premiums are calculated.” “The findings are troubling, because insurance is an important financial planning tool and part of

News Insurance

Royal & SunAlliance to acquire Shillington’s personal lines business

June 19, 2006 by Canadian Underwriter

Royal & SunAlliance has announced plans to reduce costs including 1,500 layoffs (1,350 of them in the U.K. and Scandanavian regions) and a future strategy of double-digit growth in its international division, including Latin America and Canada.Part of Royal’s growth

News Insurance

AXA increases broker support

June 16, 2006 by Canadian Underwriter

AXA Canada recently demonstrated its commitment to insurance brokers across Canada by increasing its investment in the Insurance Brokers Association of Canada (IBAC) Broker Identity Program to Full Partner status. The move means AXA Canada will be able to display

News Climate ChangeInsurance

Benfield warns of 2007 capacity squeeze

June 16, 2006 by Canadian Underwriter

Bermuda reinsurers have forecast that rates will continue to harden through the year and a capacity squeeze could even spread beyond the Florida market into other territories in 2007.Increased demand, revised catastrophe models and more stringent capital constraints continue to