Industry
Micheal Taillon has been named Aon Risk Solutions Canada’s new national practice leader of energy. Taillon will use his three decades of experience in risk management and insurance to lead business development and provide oversight to the company’s energy practice, notes a statement from Aon. Although energy is a critical driver of economic growth in […]
By Canadian Underwriter | August 9, 2012
1 min read
Marsh & McLennan Companies, Inc. (NYSE: MMC) saw revenue increase in 2012 Q2 and in the first half of 2012. Consolidated revenue for the quarter ended June 30 was approximately $3 billion, up 3% from $2.9 billion in 2011 Q2, notes a press release from Marsh, a global professional services firm that provides advice and […]
By Canadian Underwriter | August 8, 2012
Western Financial Group and Falkins Insurance Group are taking on a more visible partnership presence in the Kootenay Region of British Columbia. To support the growing presence of the Western brand in the region, Falkins, a 115-year-old insurance brokerage based in British Columbia, will begin a co-branding transition incorporating the Western logo. Long-term plans announced […]
Hub International has announced that H. Ross Totten, who has served as president and CEO of Totten Insurance Group Inc., will assume the role of chairman and chief sales officer of the Totten Group, effective Sept. 1, 2012. Heather Masterson will move from Hub HKMB Ontario to become president and CEO of Totten Insurance Group […]
By Canadian Underwriter | August 7, 2012
Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is seeking comment on its Draft Revisions to the Corporate Governance Guideline, which, among other things, emphasizes the commitment of the organization to risk management principles. The draft revisions update OSFI’s current corporate governance principles, which have not been changed 2003. The 20-page […]
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American International Group, Inc. (NYSE: AIG) reports net income of $2.3 billion attributable to AIG and after-tax operating income of $1.9 billion in 2012 Q2. Compare that to $1.8 billion and $1.2 billion, respectively, for the second quarter of 2011, notes a statement from the company. Results for the quarter ended June 30, 2012 were […]
By Canadian Underwriter | August 3, 2012
Reported net income from continuing operations at Willis Group Holdings plc was $107 million in 2002 Q2, up from $84 million in the second quarter of 2011. That translates to $0.61 per diluted share for the period ended June 30, 2012 compared with $0.48 per diluted share for 2011 Q2, notes a statement from Willis […]
By Canadian Underwriter | August 2, 2012
RSA Canada reported strong top and bottom line performance across personal and commercial lines in the first half of 2012, producing a combined underwriting result of $96 million. Growth generated by both Johnson and personal intermediated businesses contributed to personal lines delivering net written premiums of $771 million, up 6% against prior year. The underwriting […]
Intact Insurance and Keal Technology have taken another step forward in the development of an electronic document (e-doc) solution that will help brokers serve clients more easily and efficiently. The Intact-Keal e-doc allows brokers to download policy information of their personal lines clients insured by Intact directly to their Keal broker management system (BMS), sigXP, […]
Improved underwriting performance, growth in insurance portfolio and higher investment income helped Intact Financial Corporation reach $180 million in net operating income for 2012 Q2, up $85 million from the same quarter in 2011. “The initiatives we undertook over the last year notably in home and auto insurance continue to deliver substantially improved operating results, […]
By Canadian Underwriter | August 1, 2012
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