Marine underwriters merge through acquisition
July 28, 2003 by Canadian UnderwriterMarine underwriter Harlock Williams Lemon Ltd. (HWL) is buying Murray Underwriting Ltd., to become one of the top five marine carriers in the country.Harlock Murray Underwriting Ltd. will have annual revenues of $25 million. “The markets and staff of the…
Intuitive Inspections
July 1, 2003 Terry Neilson, president of Insurance Systems Inc.Mobile technology, coupled with a rethink of traditional ways of producing inspection reports, can cut significant costs, improve efficiency and speed up turnaround for underwriters and inspectors. Underwriting is the critical, if cumbersome, lynchpin of the insurance transaction process. Delays,…
Dear Editor
June 1, 2003 by Canadian UnderwriterIn the February 2003 issue of Canadian Underwriter magazine, the article “Illusion or Reality?” comments attributed to me may have given some readers the impression that the electronic on-line solution mentioned is a proprietary system of Wawanesa Insurance, which it…
Catastrophe Modeling: Shifting Perceptions
June 1, 2003 Eric Gobble and Don Windeler at RMSAs Canada’s insurers seek to quantify their catastrophe exposure, earthquake models offer an insight into how technology can further underwriting. Even events south of the border illustrate the wealth of new information at insurers’ fingertips to better comprehend large losses that can have a significant impact on reinsurance and reserves.
CSIO to Hand Internet Portal Project Over
May 1, 2003 by Canadian UnderwriterAt the recent AGM of the Centre for Study of Insurance Operations (CSIO), attendees were told that the industry association is looking at different options for the development of future phases of its broker-insurer portal project. With the first phase…
Royal & SunAlliance broadens travel business
April 1, 2003 by Canadian UnderwriterRoyal & SunAlliance Insurance Co. of Canada has signed an agreement to underwrite travel insurance products available through the Expert Travel Financial Security (ETFS) group. A Royal & SunAlliance statement says the agreement will make it the “leading provider of…
Royal & SunAlliance Canada boosts travel exposure
March 20, 2003 by Canadian UnderwriterRoyal & sunAlliance Insurance Co. of Canada has signed an agreement to underwrite travel insurance products available through the Expert Travel Financial Security (ETFS) group. A Royal & SunAlliance statement says the agreement will make it the “leading provider of…
Views (March 01, 2003)
March 1, 2003 by Canadian UnderwriterThe Toronto Insurance Women’s Association Patron of the Year Award was presented to Simmlands Insurance Brokers Ltd. A session led by I Promise Program executive director Gary Direnfeld will now qualify brokers for a RIBO technical credit. Direnfeld has been…
Commercial Hit List
February 1, 2003 Kevin Campbell, president of Tec4 Systems Inc.The time has come for change in the way the property and casualty insurance industry handles commercial insurance. Technological innovation can help transform a traditionally paper-intensive process and benefit insurers and brokers. Is the industry up to the challenge?
Specialty insurers amalgamate
January 6, 2003 by Canadian UnderwriterTwo companies half-owned by The Co-operators are joining forces. Through the deal, EGI Investments Inc. (EGI) will become a wholly-owned subsidiary of Canadian Insurance Marketing Inc. (CIMI) to form one niche underwriter. Under the terms, former EGI shareholders now own…
Having Your “It Cake” and Eating It
January 1, 2003 Ivor Kaye of Grantech TechnologiesIn normal business practice, it is always wise to keep a sharp watch on costs. With the present tight business economy it becomes absolutely essential. While cost control techniques vary greatly depending upon the type of business being operated, some…
Clarification (December 01, 2002)
December 1, 2002 by Canadian UnderwriterComments made in the September 2002 issue of Canadian Underwriter regarding the difficulty in determining whether a Lloyd’s Syndicate is writing business were intended to refer to situations involving fraud and not to Lloyd’s cover holders legitimately writing business in…