Segment
P&C Companies
Lloyd’s threatens to mandate use of electronic processing tools
July 11, 2007 by Canadian UnderwriterLloyds current use of Electronic Claims File and the Accounting and Settlement Repository (A&S) fall short of the goals set by the Market Reform Group (MRG), prompting the markets chief executive to threaten mandating the use of the electronic processing…
Allianz Group acquires AIM Underwriting Ltd. in Canada
July 11, 2007 by Canadian UnderwriterAllianz Global Corporate & Specialty North America, the corporate and specialty carrier of the Allianz Group in North America, has acquired AIM Underwriting Ltd. (AIM) in Canada.Since its establishment in 1999, AIM, a managing general agent, has maintained a strong…
What’s New: In Brief (July 10, 2007)
July 10, 2007 by Canadian UnderwriterKingsway Financial Services Inc. (TSX: KFS) and its newly formed subsidiary Kingsway 2007 General Partnership (KGP) announced the closing of the public offering of Cdn$1 million prinicipal amount of 6% senior unsecured debentures of KGP.The debentures were sold through a…
Manufacturers announce plans to install anti-theft technology in 2008 vehicles
July 10, 2007 by Canadian UnderwriterTransport Canada is making it mandatory for all new cars, vans, light trucks and SUVs to be equipped with anti-theft electronic immobilizers, effective Sept. 1, 2007.Canadian vehicle manufacturers have recently announced plans to equip 2008 model vehicles in Canada with…
What’s New: In Brief (July 09, 2007)
July 9, 2007 by Canadian UnderwriterCraig Duncan has been appointed manager of Crawford’s newly created Regional Claims Centre in Ontario.Reporting to Greg Smith, vice president, national programs, Duncan will work with the Regional Claim Centre project team in establishing Crawfords first location in Mississauga, Ontario.The…
What’s New: In Brief (July 09, 2007)
July 9, 2007 by Canadian UnderwriterA new poll by the Traffic Injury Research Foundation (TIRF) shows that nearly 1.3 million Ontarians fell asleep or nodded off while driving at least once in the past year, with 100,000 of these drivers doing so on five or…
What’s New: In Brief (July 06, 2007)
July 6, 2007 by Canadian UnderwriterIt is absolutely vital that insurers and broker management system vendors continue to move forward with the adoption and implementation of CSIO Standards,” according to a statement released by the Centre for the Study of Insurance Operations (CSIO).The release announced…
TSR downgrades 2007 storm forecast
July 6, 2007 by Canadian UnderwriterThe Tropical Storm Risk (TSR) has downgraded the hurricane forecast from 55% above-norm in June to 40% above-norm in July. According to a Benfield news release, the reason for the reduction is that the trade wind speed over the tropical…
What’s New: In Brief (July 06, 2007)
July 6, 2007 by Canadian UnderwriterMike Lowthlan has joined Kernaghan Adjusters Toronto office as an executive adjuster. Mikes illustrious career has spanned over three decades, during which time he has earned a well-deserved reputation as a respected executive adjuster in the Ontario market, Patti Kernaghan,…
Royal & SunAlliance shuffles executive team
July 6, 2007 by Canadian UnderwriterRoyal & SunAlliance Canada (R&SA) has announced three executive team appointments, including: Shawn Desantis as senior vice president, R&SA; Steve Knoch as vice president, underwriting operations and information services; and Mike Jakeman, CEO for R&SA Greater China.DeSantis, in his newly…
What’s New: In Brief (July 05, 2007)
July 5, 2007 by Canadian UnderwriterCanadian champion speed demon Paul Tracy has teamed up with the Insurance Bureau of Canada (IBC) to deliver the message that 220 km-h speeds are suitable for a racetrack, not public roads.If you want to prove yourself behind the wheel,…
Dickson mans helm of OSFI
July 5, 2007 by Canadian UnderwriterJulie Dickson has been appointed to the role of superintendent of financial institutions. The Minister of Finance Jim Flaherty announced Dicksons seven-year term, which is effective immediately. I am pleased Ms. Dickson has agreed to serve in this role to…