Industry
Air pollution has “been identified as a major health risk” and has the potential to give rise to an increase in lawsuits against auto manufacturers and energy producers, while e-cigarettes and aluminum – in products ranging from antiperspirants to medication – could give rise to liability claims if plaintiffs allege they caused health problems, Swiss […]
By Canadian Underwriter | July 8, 2014
2 min read
Hub International Limited has broadened its local market reach and specializations throughout Manitoba with the acquisition of shares of Gibson’s Insurance Agency Ltd. Terms of the acquisition were not disclosed, notes a statement from Hub International, a leading global insurance brokerage headquartered in Chicago, which is dedicated to building a network of local market insurance […]
By Canadian Underwriter | July 7, 2014
1 min read
Lloyd’s of London recently published a set of minimum standards, scheduled to take effect Jan. 1, 2015, for the companies that manage the syndicates of members that write insurance for the Lloyd’s market. The minimum standards for Lloyd’s managing agents are now on the Lloyd’s website. “The original Lloyd’s minimum standards were developed around 2005 […]
By Canadian Underwriter | July 3, 2014
Arthur J. Gallagher completed its acquisition of Noraxis Capital Corp. Wednesday, in a deal it says has made it a top five insurance broker in Canada. “Bringing together Gallagher’s existing Canadian broking operations with those of Noraxis will create a strong platform and extensive regional spread for future national growth,” the firm said in a […]
By Canadian Underwriter | July 2, 2014
EGI Financial Holdings Inc. announced Wednesday it has completed the purchase, from Saskatchewan Government Insurance (SGI), of a 75% interest in Insurance Company of Prince Edward Island. Charlottetown-based ICPEI writes auto, home and commercial insurance through brokers in Prince Edward Island, New Brunswick and Nova Scotia. Cooke Holdings Inc. continues to hold the 25% of […]
Fitch Ratings has announced the availability of a new Dashboard Report that discusses pricing trends, market dynamics and key drivers of recent results in the property and casualty directors and officers (D&O) liability insurance market in the United States. Results in the D&O insurance market were largely stable in 2013, the dashboard indicates. Relatively steady […]
As digital services evolve - and customer expectations increase - developing a clearly defined multi-channel customer engagement strategy will be critically important for brokers to continue to be viewed as trusted advisors.
By Jeff Purdy, Senior Vice President of International Operations, Applied Systems | June 30, 2014
5 min read
REINSURANCE New approach to mitigating, preparing for floods needed: Zurich “There is a need for a radical rethink on the approach to mitigating and preparing for floods,” says Mike Kerner, chief executive office of general insurance at Zurich Insurance Group. Kerner made the comments following Zurich’s release of two research papers as part of its […]
June 30, 2014
6 min read
Nearly nine in 10 women surveyed during four recent conferences in the United States said “gender inequality” is a “significant concern for the insurance industry today,” though a majority also reported their respective companies are “actively promoting gender diversity,” the Insurance Industry Charitable Foundation (IICF) recently reported. Walnut Creek, Calif.-based IICF released June 26 results […]
By Canadian Underwriter | June 27, 2014
The Saskatchewan government has given the green light to a 3.4% overall increase to Saskatchewan Auto Fund vehicle rates, along with rate rebalancing, and a 1% hike to the capital amount on all rates, effective Aug. 1. The 2014 rate program will bring 95% of vehicles to within 5% of the rate required for their […]
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