Industry
Most executives in the global financial services industry are confident in their companies’ information security programs, but they may not be as safe as they think, a recent report suggests. The Global State of Information Security Survey 2013, led by PricewaterhouseCoopers, included 1,338 respondents from the financial services industry, from companies of varying sizes worldwide. […]
By Canadian Underwriter | September 26, 2012
2 min read
Claims
Homeowner insurance claims costs in the United States have risen rapidly in the past 15 years, mainly because of increased severity and frequency of the claims, a new report suggests. Trends in Homeowners Insurance Claims, a study by the Insurance Research Council looked at claim trends both related and unrelated to catastrophic events between 1997 […]
Lloyd’s of London has reported an interim profit of £1.53 billion (about $2.4 billion) for the first half of 2012 (ending June 30), the highest in five years. This is despite 2011 being what the company calls “the most expensive year on record for the insurance industry,” when it posted a loss of £697 million […]
Burns & Wilcox Canada has announced Nicole Abraham, BA, CIP, CRM as its new national sales and marketing manager, as part of its expansion strategy here. Abraham has more than 12 years of industry experience. Her most recent roles include business development manager and leader of broker management with Unica Insurance Company, where she worked for […]
1 min read
insPRESS
The Board of The Guarantee Company of North America is pleased to announce the appointment of Alister Campbell as CEO of The Guarantee effective September 4, 2012. As CEO, Alister leads The Guarantee’s continued growth, overall strategy and operations. Over the past 27 years he has held senior executive positions in a range of capacities […]
By Canadian Underwriter magazine | September 25, 2012
A Financial Services Commission of Ontario arbitrator recently found in favour of a claimant seeking payment for medical marijuana from her insurer, more than a decade after the original auto collision that caused her injuries. A FSCO arbitrator awarded $567.60 per month for medical marijuana costs, beginning March 27, 2007. The decision was made in […]
By Canadian Underwriter | September 25, 2012
Economical Insurance has partnered with Junior Achievement of Canada for an program that helps grade 8 students develop business-related skills and plan for their futures. Economical is providing $100,000 for volunteer support for the Economics for Success program, an initiative where students can explore opportunities for the future.. Volunteer mentors from Economical will visit the […]
Simmlands Insurance Services Ltd., Canada’s premium provider of specialty insurance products, announced today that Paul Meinschenk, an industry veteran and former Executive with Berkley Canada, has joined the Simmlands team as VP Broker Distribution. In this role, Meinschenk will be responsible to cultivate business opportunities with new and existing brokers as well as enhance Simmlands’ visibility […]
Montreal insurance provider XN Financial Services (Canada) Inc. has integrated staff and operations from Canadian Intermediaries Ltd. under its XN Special Risks brand. “Canadian Intermediaries Ltd. has an established reputation for expertise and solutions delivery, a substantial portfolio of business and is an ideal vehicle through which to distribute XN Financial’s suite of products in […]
Ryan Clark, Chairman of the Board, and Murray Wallace, CEO of Granite Global Solutions are pleased to announce the appointment of Brian D. King, Chair of CKR Global to an expanded role in the group. In order to increase the prominence of the CKR Global brand in the Canadian marketplace and to guide the Board […]
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