Canadian Underwriter

Segment
Risk Management


News InsuranceMergers and Aqcuisitions

Canadian mobile claims provider partners with Microsoft

January 3, 2006 by Canadian Underwriter

Symbility Solutions, a Canadian company that has developed a mobile claims system focusing principally on residential and commercial property claims estimation, has joined the Microsoft Insurance Value Chain (IVC) partner program. By joining the Microsoft IVC, Symbility will enhance the

News Climate ChangeInsurance

TRIA extension leads to losses

January 3, 2006 by Canadian Underwriter

The Terrorism Risk Insurance Extension Act of 2005, which extends the Terrorism Risk Insurance Act of 2002 (TRIA) to the end of 2007, was recently signed into law and as a result insurers can expect higher retention levels for 2006

News InsuranceMergers and Aqcuisitions

William J. Sutton & Co. offers new line for travelling, expatriate Canadians

December 22, 2005 by Canadian Underwriter

William J. Sutton & Co., along with Gerber Life Insurance Co., are pleased to announce a new term life product specially designed for Canadian expatriates and Canadian residents with extensive international travel exposure.“International travel and worldwide residency have posed some

News Climate ChangeInsuranceMergers and Aqcuisitions

ACE Ltd. announces 2006 financial guidelines

December 19, 2005 by Canadian Underwriter

ACE Limited (NYSE: ACE) has announced some key financial guidelines for its group of companies for the full year 2006.“Property and casualty net earned premium growth is expected to average 6% to 8% for the full year,” ACE announced in

News Insurance

Equisure reaches agreement with Quebec regulator

December 16, 2005 by Canadian Underwriter

Equisure Financial Network Inc. has announced an agreement with the Autorit des marchs financiers (AMF) that will conclude the Quebec regulatory agency’s examination into the business practices of the property and casualty insurance brokerages that Equisure represents in the province.Under

News InsuranceMergers and Aqcuisitions

IBAC regrets end of portal, stands behind CSIO

December 14, 2005 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) has expressed its disappointment with the recently announced demise of the CSIO Portal Project.“It is with great disappointment for IBAC that the portal project will not continue growing to better serve the needs

News InsuranceMergers and Aqcuisitions

Dominion picks Guidewire for claims-handling technology

December 14, 2005 by Canadian Underwriter

The Dominion of Canada General Insurance Company, a property and casualty insurer of cars, homes, and businesses across Canada, has selected Guidewire ClaimCenter as its next-generation claims processing system.The ClaimCenter is a product of Guidewire Software, a provider of technological

News Climate ChangeInsurance

Standard & Poor’s takes Lloyd’s off CreditWatch

December 12, 2005 by Canadian Underwriter

Standard & Poor’s Ratings Services has affirmed its ‘A’ long-term insurer financial strength rating on the U.K.-based Lloyd’s insurance market and removed the ratings from CreditWatch, where they had been placed with negative implications on Sept. 9, 2005.The outlook for

News Climate ChangeInsurance

TSR predicts active 2006 Atlantic hurricane season

December 7, 2005 by Canadian Underwriter

The United States and the Caribbean should brace themselves for yet another busy Atlantic hurricane season in 2006, according to Tropical Storm Risk (TSR), a forecasting consortium.TSR predicts landfalling hurricane activity in the United States and the Atlantic basin during

News Climate ChangeInsuranceMergers and Aqcuisitions

Cat losses Number 1 threat to insurers’ solvency

December 5, 2005 by Canadian Underwriter

A.M. Best Co. says it “considers catastrophic loss, both natural and man-made, to be the Number 1 threat to the financial strength and credit quality of property and casualty insurers” in the face of increasing exposures.In a recent report, A.M.

News InsuranceMergers and Aqcuisitions

AXA Canada acquires The Citadel for $310 million

November 30, 2005 by Canadian Underwriter

Winterthur Group is selling Winterthur Canada Financial Corporation and its wholly owned subsidiary, The Citadel General Assurance Company, to AXA Canada Inc. a wholly-owned subsidiary of AXA S.A. – for approximately Cdn$310 million.The sale of its Toronto-based operations completes Winterthur’s

News Insurance

Zurich names head of North America commercial division

November 29, 2005 by Canadian Underwriter

Property and casualty insurer Zurich recently announced several senior management appointments for its North America commercial division, including Steve Rand as executive vice president of commercial markets.The division includes the company’s construction, middle markets, surety, Canadian commercial and energy casualty