Industry
An investor group led by private equity firm CVC Capital Partners has announced it will acquire majority ownership in international claims adjuster Cunningham Lindsey after a recapitalization agreement. Stone Point Capital has had a majority ownership of Cunningham Lindsey since 2007, with Fairfax Holdings also retaining a substantial amount of the company. They will both […]
By Canadian Underwriter | October 1, 2012
1 min read
Does it matter if there are fewer big fish swimming in the p&c space of Quebec's pond? Is this a concern in similar pools across the country?
By Angela Stelmakowich, Editor | September 30, 2012
3 min read
Results for the first half of the year show that slower economic growth has resulted in slower premium growth, lower interest rates have produced lower return on investment and the "abnormal" weather over the first six months of the year offered some benefits.
By Gregor Robinson, Senior Vice-President, Policy and Chief Economist, Insurance Bureau of Canada | September 30, 2012
5 min read
A new mobile application was recently unveiled in a bid to help Ontario brokers serve their customers more efficiently while also providing a vehicle by which to build their own brand.
By Paul Taylor, Vice President, Independent Broker Resources Inc. | September 30, 2012
Having a firm grasp on the what, why and how when it comes to electronic document (eDoc) download can help to guide brokers toward enhanced efficiency.
By Patrick Durepos, President, Keal Technology | September 30, 2012
6 min read
The Insurance Brokers Association of Canada's (IBAC) automation data exchange initiative offers great promise to enhance broker connectivity. Its use, however, must be in line with clearly defined standards.
By Scott Andrew, President and CEO, Custom Software Solutions Inc. | September 30, 2012
Cleanup efforts have begun in England following major flooding, caused by intense September storms. The Environment Agency is now focusing on pumping away flood water and clearing debris from rivers, it said. “River levels are receding but it will take time for flood water to subside. Flood water is dirty and poses a risk to […]
By Canadian Underwriter | September 28, 2012
As prominent corporations and even government agencies have faced highly public data breaches in recent years, cyber liability policies are gaining more attention and prominence in the insurance industry. Cyber policies have been around for the past 10 to 15 years, but have gained more submission volumes and buyers recently. That’s partly because of businesses […]
A.M. best has affirmed ratings for Hamilton, Ont.’s Old Republic Insurance Company of Canada. The insurance company has a financial strength rating (FSR) of “A” (excellent) and issuer credit rating of “a.” Best also affirmed ratings for various other United States subsidiaries of Old Republic International Corp (ORI), based in Chicago. “The ratings of Old […]
EagleEye Analytics has expanded its Canadian business by hiring an insurance industry executive to lead business development here. Stephen Halfpenny is based in Toronto and has been working in the industry for more than 35 years. He has held executive positions in underwriting, marketing and claims at American Reinsurance Company, Munich Re Canada and the […]
By Canadian Underwriter | September 27, 2012
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