What’s New: In Brief (June 13, 2006)
June 13, 2006 by Canadian UnderwriterXN Holdings, Inc., parent company of XN Financial Services, XN Risk Insurance Services and XN Private Client Services, has launched XN Private Client Services on the Web at www.xn.com/pcs.First launched in 2005, XN Private Client Services is a managing general…
The Good Corporate Citizen
May 1, 2006 by Canadian UnderwriterChubb Insurance Company of Canada CEO Ellen Moore receives the McGill Management Achievement Award for corporate excellence and community involvement
CGI, Universal Insurance ink US$45-75 million agreement
April 11, 2006 by Canadian UnderwriterCGI Group Inc. has signed a seven-year, US$45-75 million agreement to provide Universal Insurance of North America with policy and accounting business process services (BPS). CGI will process Universal’s personal lines book of business, including homeowners, dwelling-fire, auto, and umbrella…
Wedded Bliss
March 1, 2006 Craig A. Rowe, and Mike LabergeBonding ERM with corporate performance management (CPM)
RAA reports Q3 and announces Institute of Reinsurance Education
December 2, 2005 by Canadian UnderwriterA recent survey of reinsurers’ statutory underwriting results reports that a group of 26 U.S. P&C reinsurers wrote $18.8 billion of net premiums during the nine months ended September 30, 2005.The survey, conducted by the Reinsurance Association of America (RAA),…
What’s New: In brief (October 12, 2005)
October 12, 2005 by Canadian UnderwriterAIG Excess Casualty(R), a division of American Home Assurance Company, a member company of American International Group, Inc. (AIG), has introduced a new product that provides excess liability coverage for risks previously covered by an insurance carrier that is now…
Part 3: Rollercoaster Indemnity Company reaches its apex
October 1, 2005 Mike Laberge, president, Performance Imperative Inc.It has been five years since the successful implementation of a performance management process at the Rollercoaster Indemnity Co (RIC). The company, with Stanley Uris as regional director of operations, is now leading the way in claims handling. Other insurance and risk management companies, having seen the power of the process, are struggling to play catch-up. The once thriving, proof-of-quality market has begun to crumble; more and more, companies are taking responsibility for quality assurance and stakeholder confidence is beginning to grow. Stanley and RIC are moving into a new, self-sufficient and self-sustaining future, built on a performance culture populated with knowledge workers….
On the Road Again
July 1, 2005 William Blakeney of Blakeney Henneberry MurphyIn the May 2005 issue of CU, the article “Staying on the Road” delved deep into the depths of the looming disaster facing car rental companies and their insurers and reinsurers. Liability was increasingly being placed on rental agencies and subsequent costs to their insurers showed little signs of receding – unless the Ontario court sided with the insurance industry in terms of where liability should rest. Today the tides are changing and, for the insurance industry, concerns are slowly drifting off to sea, a journey incited by recent decisions of the Court of Appeal to uphold the original judicial verdict in the case of Avis Rent A Car vx. Certas.
Northbridge affiliates rate positively with A.M. Best
June 28, 2005 by Canadian UnderwriterThe financial strength of the companies comprising Northbridge Financial Corp. (Toronto) recently received confirmation of A- ratings (Excellent) from A.M. Best Co. In addition the Company’s received assigned issuer credit ratings of “a-.” A.M. Best’s ratings of Northbridge reflect the…
Staying on the Road
May 1, 2005 William Blakeney of Blakeney Henneberry MurphyIn CU’s article “The Politics of Leasing” from the March 2005 issue, Glenn McGillivray dealt with the challenges faced by automobile leasing companies and their insurers in light of recent precedent setting settlements. While the CFLA and others step up…
Commercial rates continue moderate decline: RIMS
February 3, 2005 by Canadian UnderwriterCommercial insurance rates continued their moderate decline for the fourth straight quarter, finds the latest market survey by the Risk & Insurance Management Society (RIMS) and Advisen.The fourth-quarter 2004 benchmark survey took in its greatest number of respondents ever, and…
Market turn marked by discipline: Willis
January 16, 2005 by Canadian UnderwriterIn its annual “Marketplace Realities” report, broker Willis finds despite price softening in “virtually all market segments”, underwriting discipline remains intact.Despite the past year being marked by catastrophes, including the Atlantic hurricane season and December 26 Asian tsunami, market capacity…