Bringing Down Goliath
June 1, 2007 Glen Piller, President and CEO, iter8 Inc.Small and mid-size insurers are facing increasing competition against big players with even bigger resources
PPG Canada announces change of director at Refinish Canada
May 23, 2007 by Canadian UnderwriterPPG Canada Inc. has announced that Lee Smith, director of Refinish Canada, will be moving to Strongsville, Ohio, where he will start in his new position as director of strategic growth and acquisition for PPG Automotive Refinish, North America. Smith…
Report links loyalty and satisfaction in collision repair
May 9, 2007 by Canadian UnderwriterMitchell International has released a report examining owner/policy-holders experience with direct repair programs and the impact on satisfaction and loyalty. According to researchers, in the collision repair industry, customer satisfaction and customer loyalty are more closely linked than in other…
The Ripple Effect
May 1, 2007 Lianne Perissinotti, Director of Marketing, Collision Solutions NetworkIn a fictional world, we see John, an auto body shop owner, relaxing in his boat, enjoying the beautiful day. John looks at his reflection in the still water below. He is amazed to see how clear the picture is.…
AXIS to acquire Media/Pro from AON
March 29, 2007 by Canadian UnderwriterAXIS Capital (NYSE: AXS), a global specialty commercial property and casualty insurer and reinsurer, has agreed to acquire from AON Underwriting Managers the assets and operations of Media/Professional Insurance (Media/Pro), a managing general underwriter specializing in professional liability lines of…
What’s New: In Brief (March 28, 2007)
March 28, 2007 by Canadian UnderwriterING Canada (TSX:IIC) has just purchased for cancellation just over Cdn$500 million of its common shares.More than C$500 million worth of ING Canadas common shares were tendered to a bid. Since the auction process was oversubscribed, ING announced in a…
Hazard Perceptions and Urban Flooding
March 1, 2007 Dan Sandink, Research Coordinator, Institute for Catastrophic Loss ReductionPublic education can help snap flooding victims out of fatalistic attitudes
Hub to acquire large Lousisiana-based insurance agency
February 14, 2007 by Canadian UnderwriterHub International Limited has agreed to acquire substantially all of the assets of one of the largest Louisiana-based insurance brokers, Hibernia Insurance Agency, L.L.C., according to a press release.Hibernia Insurance, an $18 million revenue brokerage firm, will become a new…
One in five consumers switch insurers after first accident
February 1, 2007 by Canadian UnderwriterAbout 20% of customers consider switching insurance companies after experiencing the collision claim process, according to a new U.S. study. J.D. Power and Associates’ 2006 Collision Repair Satisfaction Study found that 7% of customers chose not to file a claim…
Moves (February 01, 2007)
February 1, 2007 by Canadian UnderwriterRal Circ, the president and CEO of La Capitale General Insurance, officially retired as of Jan. 4, 2007 after 25 years at La Capitale. Circ spent almost 18 years as the president and CEO of the company. “Mr. Circ has…
What’s New: In Brief (January 30, 2007)
January 30, 2007 by Canadian UnderwriterTravelers Guarantee Company of Canada (“Travelers”) has designed a new policy to give improved protection to mineral exploration companies.“Travelers Mineral Exploration Policy helps junior mining companies and their executives deal with the multitude of exposures they face in their business,”…
AIG proposes to acquire public shares of 21st Century
January 26, 2007 by Canadian UnderwriterAmerican International Group, Inc. (AIG) is proposing to acquire the outstanding 38.1% publicly held shares of 21st Century Insurance Group (21st Century) (NYSE: TW) for approximately US$690 million.“Following the transaction, 21st Century would become a wholly owned subsidiary of AIG,”…