Lockton purchases international insurance broker
August 21, 2006 by Canadian UnderwriterLockton, Inc. today announced has reached a definitive agreement to purchase Alexander Forbes International Risk Services, which is the international brokerage operation of Alexander Forbes Ltd., the world’s ninth largest insurance broker.The $170 million (GBP 90.2 million) transaction will make…
What’s New: In brief (August 09, 2006)
August 9, 2006 by Canadian UnderwriterZurich North America Commercial, a unit of the Zurich Financial Services Group, will welcome Mike Foley of McKinsey & Co. to the position of chief operating officer as of Sept. 1. Foley’s responsibilities will include taking charge of all operating…
Harmonizing Adjusters’ Lives
July 1, 2006 by Canadian UnderwriterCIAA’s incoming president, Miles Barber, is aiming for licensing consistency across Canada
World Trade Center insurers sued
June 27, 2006 by Canadian UnderwriterThe developer of the World Trade Center (WTC) Larry Silverstein alongside The Port Authority of New York and New Jersey are suing the seven WTC insurers due to payment delays, which the Port Authority says are required if the site…
Watch out for aggravated claims, law report tells insurers
June 16, 2006 by Canadian UnderwriterDepending on what the Supreme Court of Canada holds when it decides the point in Fidler v. Sun Life Assurance Co., insurers have “cause for concern” about being hit with aggravated damages for wrongfully denied claims, according to a recent…
What’s New: In brief (June 14, 2006)
June 14, 2006 by Canadian UnderwriterIntegro recently established its Aviation Practice with the appointment of Edward Nicholls to the position of managing principal and aviation practice leader. Offering 25 years of experience in the aviation sector, Nicholls comes to Integro from Aon Corporation, where he…
Trusted Protection
June 1, 2006 Garth Pepper, Senior Associate and National Management Risk Practice Leader, Integro [Canada] Ltd.How to manage emerging D&O risks in light of developments in Canada’s income trust market
Brokers Backing Solvency
June 1, 2006 Reg Riddles, Paul Kovacs and Jim Harries, PACICCHow a proactive broker can reduce the financial risk for policyholders
U.S. reinsurers write $25.3 billion in net premiums in 2005
March 17, 2006 by Canadian UnderwriterA group of 26 U. S. property-casualty reinsurers wrote $25.3 billion of net premiums during the 12 months ended Dec. 31, 2005, according to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA). Among…
Battle Plans
March 1, 2006 Craig HarrisPreparing your risk management policies for trial
Wedded Bliss
March 1, 2006 Craig A. Rowe, and Mike LabergeBonding ERM with corporate performance management (CPM)
Ontario changes liability for rented vehicle collisions
February 21, 2006 by Canadian UnderwriterThe Ontario government is amending the province’s Insurance Act so that motor vehicle liability policies carried by the customers of leasing and rental companies are first in line for liability for any damages arising from accidents caused by the negligent…