Canadian Underwriter


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MPI to invest Cdn$5 million in truck driver training

April 16, 2007 by Canadian Underwriter

Manitoba Public Insurance [MPI] intends to invest Cdn$5 million over the next three years in a training partnership aimed at Manitobas commercial trucking business.Over the next three years, annual injections of Cdn$1.65 million will help up to 750 Manitobans become

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Hub International acquires Bart Proud Insurance

February 1, 2007 by Canadian Underwriter

Hub International Limited (NYSE: HBG) (TSX: HBG) has continued its penetration of the transportation insurance market, acquiring New Jersey-based Bart Proud Insurance (Proud). Proud, with US$3 million in revenue, has entered into a definitive purchase agreement with Hub International Pennsylvania

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Hub International Trucking Insurance Services expands into Vermont

December 19, 2006 by Canadian Underwriter

Hub International Limited (NYSE:HBG)(TSX:HBG) plans to accelerate its penetration of the transportation insurance market by acquiring Vermont-based Coburn Insurance Agency, Inc. Coburn, a broker earning US$9 million in revenue, has entered into a letter of intent with Hub International Transportation

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Canada petitions U.S. to help Canadian trucking insurers compete

December 19, 2006 by Canadian Underwriter

The Canadian government has petitioned the U.S. Federal Motor Carrier Safety Administration (FMCSA) to allow Canadian trucking insurers to underwrite Canadian carriers operating south of the border without having to link with an American counterpart, according to a report by

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New online tool to aid brokers

October 4, 2006 by Canadian Underwriter

Markel Insurance Co. of Canada has launched an online endorsement processing service for Markel insurance brokers servicing the Canadian trucking industry. Silvy Wright, president and CEO of Markel explains that mid-term endorsements are a time-consuming endeavor for brokers. “Our answer

Feature

The Thorn in Auto’s Long Tail

July 1, 2006 Craig Harris

Reinsurers are noticing the impact of long-tail catastrophic auto injury claims on their excess of loss business.

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Kingsway financial strength reaffirmed

June 14, 2006 by Canadian Underwriter

Standard & Poors (“S&P”) has reaffirmed the ‘BBB-‘ long-term counterparty credit and senior unsecured debt ratings of Kingsway Financial Services Inc. (TSX:KFS, NYSE:KFS).The ratings agency also affirmed the rating of Kingsway’s U.S. holding company, Kingsway America Inc. The outlook is

News InsuranceMergers and Aqcuisitions

Canada sees first highway safety corridor

June 12, 2006 by Canadian Underwriter

Worksafe BC and the trucking industry recently launched Canada’s first highway safety corridor, Fraser Canyon Highway Safety Corridor.The 192km corridor in Fraser Canyon, from Hope to Cache Creek, is set to represent a target for a new driver education program

Feature

Truckers call for better enforcement against speeding trucks

April 1, 2006 by Canadian Underwriter

The Canadian Trucking Alliance recently called upon the country’s provincial governments to take action on the problem of speeding trucks. The alliance, a federation of Canada’s provincial trucking associations, has endorsed a national policy to pass a law enforcing the

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Speeding trucks slow within Canadian borders

March 14, 2006 by Canadian Underwriter

The Canadian Trucking Alliance recently called upon the country’s provincial governments to take action on the problem of speeding trucks. The Alliance, a federation of Canada’s provincial trucking associations, has endorsed a national policy to pass a law making it

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Silvy Wright appointed new Markel president

October 28, 2005 by Canadian Underwriter

Markel Insurance Company of Canada today announced the appointment of Silvy Wright as president, effective January 1, 2006. Wright will take over from the current president, Mark Ram, who will become president and CEO of Markel’s parent company, Northbridge Financial,

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Kingsway grows in Q2 (August 04, 2005)

August 4, 2005 by Canadian Underwriter

Kingsway Financial Services Inc. financial results for the second quarter and six months ended June 30, 2005 indicate that the Company’s net income increased 10% to $36.7 million compared to $33.3 million in the second quarter of 2004. The Company