ACE completes Chubb acquisition; adopts Chubb name and launches new Chubb brand
January 14, 2016 by Canadian UnderwriterACE Limited announced on Thursday that it has completed its acquisition of Chubb, creating the world’s largest publicly traded property and casualty insurance company. ACE paid approximately US$29.5 billion in the aggregate in cash and stock, based on the most…
ACE’s acquisition of Chubb expected to close Jan. 14
January 13, 2016 by Canadian UnderwriterACE Limited and the Chubb Corporation announced on Wednesday that they have received all the regulatory approvals needed for ACE’s acquisition of Chubb, “a transaction that will create the world’s largest publicly traded property and casualty insurer,” according to ACE.…
Moves and Views
January 1, 2016 by Canadian Underwriter1 AssessMed Inc., a provider of independent medical evaluation services, has welcomed Donald Kunkel [1a] as its new president, replacing Brian Sutherland. Kunkel was most recently executive vice president, for AssessMed. Also at AssessMed, Brigitte Kearney [1b] is the company’s…
Allianz Global Corporate & Specialty launches U.S. cyber unit
December 15, 2015 by Canadian UnderwriterOne year after Allianz Global Corporate & Specialty (AGCS) offered cyber security coverage in Canada, the specialist corporate insurer announced on Tuesday that it is launching a dedicated cyber unit in the United States as part of its Financial Lines…
ACE announces future leadership team for Canada
December 4, 2015 by Canadian UnderwriterACE Limited announced on Thursday the leadership team it intends to appoint for the company’s Canadian operations, which will take effect upon completion of the acquisition of Chubb – expected in the first quarter of 2016. The company’s Canadian operations…
ACE shareholders vote to approve acquisition of Chubb
October 23, 2015 by Canadian UnderwriterACE Limited shareholders have voted at a special meeting to approve all proposals related to the company’s previously announced agreement to acquire The Chubb Corporation, ACE announced on Thursday. ACE reported that votes in favour of each agenda item exceeded…
ACE Group launches global cyber facility
September 25, 2015 by Canadian UnderwriterACE Group has announced the launch of its Global Cyber Facility, providing up to US$100 million of primary capacity. To meet growing demand, ACE announced the facility, “which goes beyond standard risk transfer by incorporating a comprehensive risk management solution…
Moves and Views
August 1, 2015 by Canadian Underwriter1 Paul Taylor [1a] assumed duties as president and chief executive officer of Western Financial Group July 6. Taylor will oversee Western Financial’s network of insurance brokerages, as well as lead all company business units, including Western Financial Group Insurance…
Marketplace
May 1, 2015 by Canadian UnderwriterCANADIAN MARKET Zurich Canada launches drone insurance package Zurich Canada has launched a new drone insurance product that it maintains “closes an important coverage gap” for companies already making use of drones. Developed in partnership with Global Aerospace Underwriting Managers Limited…
Marketplace
April 1, 2015 by Canadian UnderwriterCANADIAN MARKET Quebec brokerage sector a model: Study Quebec’s brokerage industry is the driving model for damage insurance, notes a new study, sponsored by BMO Bank of Montreal. The Regroupement des cabinets de courtage d’assurance du Québec commissioned Raymond Chabot…
Marketplace
December 1, 2014 by Canadian UnderwriterREGULATION SGI seeks feedback on auto injury program Saskatchewan Government Insurance (SGI) has issued a request for the public’s views on proposed changes, based on earlier input from key stakeholders, to the province’s auto injury program. SGI began a review…
Moves and Views
September 1, 2014 by Canadian Underwriter1 Commercial insurance brokerage Nacora Canada announced in August the appointment of Dianna Fioravanti [1] as its new chief executive officer and managing director. Fioravanti was previously senior vice president of national sales and business development, for SCM Risk Management…