Canadian Underwriter


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Marsh, 2 AIG execs fingered by commissions investigation

October 14, 2004 by Canadian Underwriter

New York Attorney General Elito Spitzer Thursday announced the launch of a civil suit against brokerage Marsh over commission practices. The suit alleges the brokerage “steered unsuspecting clients to insurers with whom it had lucrative payoff agreements, and that the

News Insurance

RIMS Canada Conference: Risk managers challenge service standards

October 5, 2004 by Canadian Underwriter

Among the many impacts the insurance industry experienced as a result of the 9/11 disaster was a recognition of the abysmal state of service taking place in commercial insurance ranks. So said a panel of speakers representing all segments of

News Insurance

What’s new: In brief (September 30, 2004)

September 30, 2004 by Canadian Underwriter

Aon Corp. is seeking a new CEO with news of the departure of CEO Patrick Ryan. While Ryan will remain as CEO until a successor is found, he also plans to maintain his role as chair of the board even

News Insurance

What’s new: In brief (September 28, 2004)

September 28, 2004 by Canadian Underwriter

Former Insurance Brokers Association of Canada (IBAC) president Brian Gilbert was the recipient of the “Jean-Charles d’Auteuil Memorial Award of Merit” at the association’s recent agm in Regina. IBAC Chair Ken Orr presented the honor to Gilbert in recognition of

News InsuranceMergers and Aqcuisitions

Alberta broker speaks out against auto reform

September 27, 2004 by Canadian Underwriter

Calgary-based Canada Brokerlink Inc. has set up a website to speak out about the new Alberta auto insurance system. The site,, is a response to what Canada Brokerlink president Jon Ouellete says is an “extremely political and not very

News Insurance

IBAC ready to support “next generation” of brokers

September 26, 2004 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) is preparing to support the “next generation” of brokers through technology, education and marketing initiatives, says new president Keith Wilson.Wilson took over the captain’s seat to lead “the voyages of the brokership IBAC”

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Buying of stand-alone “side A” D&O cover on the rise: Willis

September 23, 2004 by Canadian Underwriter

Executives are increasingly looking to protect their personal assets through the purchase of stand-alone “side A” directors’ and officers’ (D&O) cover, according to a new study by international broker Willis.The coverage, designed to protect directors and officers when the company

News InsuranceMergers and Aqcuisitions

What’s new: In brief (September 22, 2004)

September 22, 2004 by Canadian Underwriter

Western Financial Group has named Jim Dinning as chair of the board, to replace James A. Robb. Dinning had been vice chair of the board, and company CEO Scott Tannas says the change is in anticipation opportunities the company is

News Climate ChangeInsurance

Benfield “hazard review” addresses “Day After Tomorrow” scenario

September 19, 2004 by Canadian Underwriter

While the film “The Day After Tomorrow” was certainly fictitious, some of the science behind it is not. The concept of global warming slowing down the Gulf Stream and its North Atlantic Drift, is currently the subject of much research,

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Bermuda, London and U.S. markets showing interest in Canada: Seminar

September 16, 2004 by Canadian Underwriter

Commercial insurance buyers stand to benefit from increased interest from various countries in the Canadian market, speakers noted at the Ontario Risk & Insurance Management Society (ORIMS) “State of the Market” panel discussion Thursday.Even in the difficult executive risk line,

News Climate ChangeInsurance

Hurricanes put property catastrophe reinsurance in the spotlight

September 15, 2004 by Canadian Underwriter

Two new reports look at emerging trends in property catastrophe reinsurance, just as the U.S. awaits the arrival of Ivan, the third major hurricane of the year.Rating agency Standard & Poor’s notes that the onslaught of new property catastrophe reinsurance

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London market expected to retain capacity despite market turn

September 14, 2004 by Canadian Underwriter

Despite a downturn in the insurance pricing environment, the London market is expected to maintain its record-setting profits and capacity through 2004 and 2005, according to the annual London Insurance Market survey by PricewaterhouseCoopers.However, insurers will be tested to maintain