Industry
New Brunswick’s Auditor General announced Thursday that a review of a power outage last June found “no evidence of a formal disaster recovery plan” for the province’s information technology systems and that the “current exposure” of those systems to the risk of an outage is “unacceptable.” Auditor General Kim MacPherson released Thursday her report to […]
By Canadian Underwriter | January 22, 2015
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Willis Group Holdings plc announced Thursday it has reached an agreement with Miller Insurance Services LLP, in which the companies would combine their wholesale businesses to form a separate broker, offering insurance from the Lloyd’s market, that would be majority-owned by Willis. “Wholesale broking activities encompassing a series of units will transfer from Willis to […]
XL Group plc announced this week it has “simplified the process” for Canadian and American commercial insurance brokers placing excess liability coverage, with a follow form policy that provides up to $50 million in additional limits, for policies from XL and other carriers. The new excess “follow form” insurance policy – which applies to claims […]
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Reinsurer Munich Re announced this week the availability of a mobile app for Apple iOS devices designed to give corporate managers information on directors’ and officers’ liability. The app, called Munich Re D&O Scout, lets corporate directors and officers “quickly gain an overview of their personal risk,” Munich Re stated in a press release Monday. […]
By Canadian Underwriter | January 21, 2015
The Financial Services Commission of Ontario reports the decrease in private passenger auto premiums was 0.54%, for insurers with rate changes approved or ordered by the regulator during the last three months of 2014. FSCO recently released its overview of Q4 2014 rate changes for 16 insurers, representing 46.81% of total premium volume. Those insurers […]
3 min read
Quebec-based general and personal insurance comparison site Clicassure.com has expanded to the Ontario market, operating as ClickInsurance.ca. The site operating in Quebec since 2007 currently has more than 100 partners, including brokers, agents and direct insurers. Clicassure.com generates roughly 4,000 quote requests per week, the company says. Those requests are then shared with a maximum […]
By Canadian Underwriter | January 20, 2015
A year after a 6.2-magnitude earthquake struck the lower North Island of New Zealand, the country’s Earthquake Commission has said that the majority of claims – amounting to $8.2 million – have been paid. The Earthquake Commission received 5,240 damage claims from the quake that hit on Jan. 20, 2014, 15km east of the town of […]
Independent Broker Resources Inc. (IBRI) has launched a new product, dubbed “fleetadvisor”, a fleet management telematics offering that uses technology from Quindell. “Fleet managers can reduce operational risk associated with fleet management, reduce administration costs and improve vehicle health,” by using the offering, according to IBRI, which is a subsidiary of the Insurance Brokers Association […]
SCM Insurance Services announced Tuesday that Bob Fitzgerald has been appointed chief executive officer, succeeding founder and CEO Larry Shumka, who will become the corporation’s first-ever executive chairman. Fitzgerald – most recently the president of SCM’s adjusting and claims management firm ClaimsPro – will manage the transition together with Shumka throughout this year, SCM said […]
EGI Financial Holdings Inc. announced Monday that George Kalopsis has resigned as president and chief operating officer of Echelon General Insurance Company, EGI’s property and casualty insurance subsidiary. “George has been a strong contributor to the company, a respected mentor to many and a great colleague to all,” Steve Dobronyi, the company’s CEO, said in the statement. “He […]
By Canadian Underwriter | January 19, 2015
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