Segment
Risk Management
FIC establishes foothold in Saskatchewan market
July 4, 2011 by Canadian UnderwriterForensics Investigations Canada (FIC) has acquired Saskatchewan-based Stealth Investigations for an undisclosed amount. Stealth’s three offices and 15 workers will continue to operate under the FIC brand. Stealth principal Stephen Clark will head up FIC’s Saskatchewan’s operations. “By joining FIC’s…
MarketPlace
July 1, 2011 by Canadian UnderwriterRegulation OSFI calls for global insurance capital standards Global insurance capital standards would prevent the possibility of companies taking advantage of differences between capital charges across regulatory jurisdictions, according to Canada’s solvency regulator. Julie Dickson, superintendent of the Office of…
The Road Ahead
July 1, 2011 Sharon Ludlow, President, CEO, Swiss Re in CanadaTwo key issues facing Canada’s property and casualty industry include earthquake response and the regulator’s increasing focus on capital.
Fishing for Commercial MarketShare
July 1, 2011 Brenda Rose, Vice President, Firstbrook Cassie & Anderson Ltd.Canadian companies are using a variety of different strategies to reel in a greater market share in Canada’s profitable commercial lines.
Honey, I Shrunk the Market
July 1, 2011 David Gambrill, EditorCanada no longer seems insulated from global catastrophes that have shrunk the reinsurers’ pool of capital worldwide over the past two quarters. As a result, primary insurers in Canada may be looking at reinsurance rate increases as of Jan. 1, 2012 renewal season.
Moves & Views
July 1, 2011 by Canadian UnderwriterKaren Gavan has been appointed as the new president and CEO of The Economical Insurance Group (TEIG). She succeeds Katherine Mabe, who is leaving the company for personal reasons. Gavan has been a director at the Economical Mutual Insurance Company…
Canpro Global Jazz Night
July 1, 2011 by Canadian UnderwriterCanpro Global hosted its annual client appreciation Jazz Night on the rooftop pavilion of the Vancouver Art Gallery. The Scott Robertson Trio provided the smooth sounds of jazz while those attending enjoyed delicious food and drink. The evening was in…
Starlight Insurance Gala
July 1, 2011 by Canadian UnderwriterMore wishes will come true this year thanks to the 17th Annual Starlight Insurance Gala, held in support of Starlight Starbright Children’s Foundation. Themed Nights in Marrakesh, the black tie event held at the Carlu in Toronto raised $175,000 on…
A.M. Best assigns ‘A’ rating to Aviva Canada
June 30, 2011 by Canadian UnderwriterA.M. Best has assigned a financial strength rating of A (Excellent) and issuer credit ratings of “a+” to Aviva Insurance Company of Canada and its affiliates.Aviva’s affiliates include Elite Insurance Company, Traders General Insurance Company, Pilot Insurance Company, Scottish &…
FSCO identifies consideration of administrative monetary penalties as priority
June 29, 2011 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has made implementing administrative monetary penalties a priority. In its Statement of Priorities & Strategic Directions, FSCO said it will work with the Ministry of Finance to enhance regulatory effectiveness by considering the…
Creechurch introduces architect and engineers professional liability product
June 29, 2011 by Canadian UnderwriterCreechurch International Underwriters Ltd. has launched an architects and engineers (A&E) professional liability product. Coverage under the A&E MediaTech Liability Policy includes:•A&E professional liability;•A&E contractors pollution liability;•technology based services coverage;•technology products coverage;•computer network security coverage;•multimedia and advertising coverage;•directors and officers…
FirstOnSite expands Western leadership team
June 29, 2011 by Canadian UnderwriterFirstOnSite Restoration has expanded its British Columbia leadership team with three new hires. The appointments include:•Joseph DeAngelis, vice president and general manager of the B.C. region. Prior to joining FirstOnSite, DeAngelis was the vice president of business development and sales…