Industry
1 Munich Reinsurance Company of Canada recently announced the appointment of Philipp Wassenberg [1] as president and chief executive officer of both Munich Re Canada and Temple Insurance Company. Wassenberg will serve on the Boards of Directors of both companies. In his new role, he will be responsible for the operation of all of Munich […]
November 30, 2014
4 min read
MANCHESTER, England — As the world of cricket reels from the death of Australian batsman Phillip Hughes, it’s hard to imagine that less than 40 years ago the first player to wear a full helmet during a cricket test match was booed by the crowd for his apparent cowardice. On that day in 1978, Australian […]
By Canadian Underwriter | November 28, 2014
EDMONTON – Lawyers have brokered a tentative deal to settle part of a class-action lawsuit filed over an E. coli outbreak and the largest meat recall in Canadian history. The lawsuit is against XL Foods Inc., which operated a meat-packing plant in southern Alberta during the tainted beef recall in 2012. Rick Mallett, a lawyer […]
3 min read
The Insurance Brokers Association of Nova Scotia (IBANS) is reminding motorists to “Grinch-proof” their vehicles as the holiday shopping season gets into full swing. Motorists need to ensure their vehicles are locked at all times to ensure would-be criminals are thwarted and holiday purchases remain safe from theft, notes a statement Thursday from IBANS. The […]
2 min read
Calgary-based brokerage Godfrey-Morrow Insurance has launched InsureMy, a new brokerage and website focused particularly on auto insurance telematics products in Ontario and Alberta. InsureMy is currently set up to offer Intact’s telematics program to Ontario auto insurance customers. It is also in talks with the Independent Broker Resources Inc. (IBRI), the for-profit arm of the […]
By Canadian Underwriter | November 27, 2014
Desjardins General Insurance Group Inc. released Thursday its financial results for the third quarter, reporting a 9.4-point improvement in its combined ratio and a 38.8% increase in net income. Direct written premiums were $581.9 million during the three months ending Sept. 30, up 5.8% from $550.1 million during the same period in 2013. DGIG’s combined […]
Munich Re and Canadian Direct Insurance were among the firms recognized as having the most admired corporate cultures in the country. The list from executive search firm Waterstone Human Capital recognizes 10 companies in each of several revenue categories for their corporate cultures out of hundreds of nominations. The program’s 40-member board of governors, which […]
By Canadian Underwriter | November 26, 2014
1 min read
Allied World North America has launched privacy and network security insurance specifically designed for small to mid-size companies in the Canadian market, the company announced Tuesday. “Privacy//101” is intended for small and medium-sized enterprises – such as law firms, healthcare facilities and other organizations – that experience a data breach involving lost or stolen private information, […]
OTTAWA – The Competition Bureau says municipalities should consider whether moves to ban digital dispatch services and ride-sharing applications are necessary. In a commentary published on its website, the federal regulator said Tuesday that municipalities should look to see if less restrictive regulations could address their concerns. Read more: The Insurance Industry and Regulators Need […]
By The Canadian Press | November 25, 2014
SAN FRANCISCO – Cyber-security researchers say they’ve identified a highly sophisticated computer hacking program that appears to have been used by an as-yet unidentified government to spy on banks, telecommunications companies, official agencies and other organizations around the world. The malicious software known as “Regin” is designed to collect data from its targets for periods […]
By Canadian Underwriter | November 24, 2014
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