Industry
Peel Mutual Insurance Company, which has been providing insurance products for Ontario residents since 1876, has launched its CSIO XML eDocs solution for personal lines brokers. Designed to save brokers time by offering easy download of policy declaration documents to all supported broker management systems (BMS), the eDocs solution “adds an automatic delivery and attachment […]
By Canadian Underwriter | June 3, 2015
2 min read
James Richardson & Sons, Limited (JRSL) announced on Tuesday that it has entered into a definitive agreement with Parrish & Heimbecker, Paterson Global Foods and Cargill Ltd. to acquire their ownership interest in Wynward Insurance Group. The transaction will provide JRSL and Richardson International with 100% ownership of Wynward. Previous to the transaction, Richardson International, […]
By Canadian Underwriter | June 2, 2015
TORONTO – Ontario unanimously passed legislation Tuesday increasing penalties for drivers who text or use a handheld phone while on the road, and who open their door into the path of a cyclist. The update to the Highway Traffic Act also imposes a one-metre distance rule between motor vehicles and bicycles – “where practicable” – […]
3 min read
The Insurance Bureau of Canada (IBC) announced on Tuesday that Sylvie Paquette has been elected by its board of directors as chair of the board. Paquette is president and chief operating officer of Desjardins General Insurance Group (DGIG) and has served on the IBC board since 2010. Kenn Lalonde, executive vice president, insurance, TD Bank […]
Shareholders of PartnerRe Ltd. and Axis Capital Holdings Ltd. – both of which write commercial insurance and reinsurance in Canada and elsewhere – will vote July 24 on a proposal to merge the firms. PartnerRe announced Monday that both of the carriers have scheduled special meetings of their shareholders in Pembroke, Bermuda, where both firms […]
4 min read
The Ontario insurance market’s growing demand for bilingual loss adjusting services on large and complex losses in Quebec has prompted Charles Taylor Adjusting (CTA) to open a satellite office in Montreal. Operating as a satellite to CTA’s Toronto office, the new office “will enable CTA to offer a loss adjusting service in Quebec on risks […]
Global insurance brokerage HUB International Limited (HUB) announced on Tuesday that it has acquired the shares of Gamble & Associates Insurance Limited (Gamble), which will become part of the operations of HUB International Ontario (HUB Ontario). Barry Hogan, president of Gamble, will join HUB Ontario as president of the new HUB Gamble division and will […]
Of the 18 publicly traded worldwide reinsurers (including the four top European players), only one had negative performance during the first quarter of 2015 and only two performed worse than the overall market, ratings firm A.M. Best Company said in a Best’s Special Report last week. For publicly traded reinsurance companies, including Swiss Re, Munich […]
By Canadian Underwriter | June 1, 2015
Police will be watching for new drivers not following restrictions outlined in the Graduated Driver’s Licensing (GDL) and Motorcycle Graduated Driver’s Licensing (MGDL) programs throughout the month of June. All new drivers, regardless of age, must successfully complete the applicable GDL program, before they graduate to an experienced licence, Saskatchewan Government Insurance said in a […]
Willis Group Holdings plc announced Monday it has completed a transaction, originally announced last January, whereby Willis and Miller Insurance Services LLP will combine their wholesale businesses to form a separate brokerage, offering commercial insurance from the Lloyd’s market. “Following receipt of all necessary regulatory approvals,” Willis “has completed its investment” in London-based Miller, Willis […]
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