Industry
The 2009 to 2011 Toyota Yaris and Suzuki SX4 models were among the cars with the highest frequency of personal injury insurance claims in the United States, according to a new status report. The Insurance Institute for Highway Safety (IIHS) and Highway Loss Data Institute reported that those models, along with several other mini, small […]
By Canadian Underwriter | September 21, 2012
2 min read
Brian Duperreault will retire as president and CEO of Marsh & McLennan Companies Inc. at the end of this year, the firm has announced. Daniel S. Glaser, the current group president and COO, will be Duperreault’s successor as of Jan. 1, 2013. “We are immensely grateful to Brian for the significant turnaround the company accomplished […]
insPRESS
Edmonton – Thirty years ago, Peace Hills Insurance processed its first insurance application. Since then, the Samson Cree Nation’s seedling business venture has continued to grow with an enduring focus on providing a premium product and delivering superior personal service. Today, the company has 196 employees, offices in Edmonton, Calgary, Vancouver, Brandon, and Prince George, […]
By Canadian Underwriter magazine | September 20, 2012
Mercedes-Benz Financial Services Canada has announced a new affinity auto insurance plan for drivers of the luxury brand’s vehicles. The First Class Insurance program was developed by Marsh Canada Ltd. and Aviva Canada Inc. The program is brokered by Marsh and serviced by OIS Ontario Insurance Service Limited and by Services D’Assurance Youville Inc. in […]
By Canadian Underwriter | September 20, 2012
The European Union could delay new capital rules for insurers, known as Solvency II, Reuters has reported. According to one Reuters’ source, Michel Barnier, the EU commissioner in charge of regulation, has suggested delaying the new rules by one year to 2015. The European Insurance and Occupational Pensions Authority are working to complete a study […]
1 min read
Michael J. Buzzeo has been appointed vice president of ClaimsPro Inc.’s special risk division (SRD), the company announced Sept. 20. An executive general adjuster with ClaimsPro, Buzzeo has a strong network nationally and internationally with brokers, underwriters, and clients, the company said in a statement. He will now help lead the growth strategy at ClaimsPro, […]
EGI Financial Holdings Inc. has appointed Alvin Sharma as the company’s new chief financial officer, effective Sept. 24. Sharma previously has held roles at RBC Capital Markets, American Life Insurance Co. and Sun Life Financial. He has expertise in investor relations, regulatory and rating agency management, capital markets, investments, mergers and acquisitions, capital management and […]
The Financial Services Commission of Ontario issued three insurance scam warnings on Sept. 19. FSCO has warned that Trans Direct Insurance Co. is not licensed to do insurance business in Ontario. It also warned that two individuals, Jermaine Nathaniel Jones and Abdoul-Karim Traore are not licensed to do insurance business in Ontario. They claimed to […]
By Canadian Underwriter | September 19, 2012
Claims
Guy Carpenter and Company and the University of Manitoba have partnered to create a new research chair at the school’s Warren Centre of Actuarial Studies, part of the Asper School of Business. The Guy Carpenter Chair in Agricultural Risk Management and Insurance is expected to benefit the agricultural industry and teach actuarial students about the […]
The wildfire season in the western United States this year could potentially be one of the worst on record for the region, despite it not yet being over, one research group says. The new Climate Central report, The Age of Western Wildfires, also suggests that the major impact of wildfires in 2012 will likely be […]
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