Industry
CORRECTION: The following item, posted on Feb 23, initially contained incorrect information, for which Canadian Underwriter apologizes. The following item contains the corrected information. Zurich Canada has added a new online portal that gives brokers access to builders’ risk and equipment breakdown coverage and allows them to quote and bind business quickly and easily. The […]
By Canadian Underwriter | February 23, 2012
1 min read
The Economical Insurance Group posted a net income of $91 million for 2011, marking an 11.9% increase over the 2010 net income of $81.3 million. The insurer’s combined ratio improved from 102.9% in 2010, to 98.1% in 2011. Underwriting results improved from an underwriting loss of $48.5 million in 2010 to an underwriting gain of […]
Global Content Solutions (GCS) has opened a state-of-the art content restoration facility in southern Ontario. GCS is holding an open house at the new facility between 1 p.m. and 4 p.m. on Feb. 29. The location is 1280 Seagrave Rd, Unit G & H, Woodstock, Ontario. RSVP to Tim Sheridan at 519-851-7700 or by email […]
Canadians can anticipate more intense wildfires that are too difficult to stop using traditional fire fighting techniques, according to Mike Flannigan, a senior research scientist with Natural Resources Canada. Flannigan presented his team’s latest research in Vancouver at the annual meeting of the American Association for the Advancement of Science. “It’s going to be incredibly […]
By Canadian Underwriter | February 22, 2012
CARSTAR Automotive Canada Inc. has been selected one of Canada’s 50 Best Managed Companies for 2011. The honour is awarded by Deloitte, CIBC, National Post and Queen’s School of Business. It recognizes Canadian-owned and run companies that excel in overall business strategies and sustained growth. “CARSTAR has helped transform an entire industry by creating systems, […]
Westland Insurance (AB) Inc. and Alpine Insurance & Financial Inc. have merged and will operate under the Alpine name. Alpine has five offices, located in Canmore, Lethbridge, Red Deer, Edmonton and Calgary. Westland’s office in Calgary will become the new head office for the new entity. Cam Clay and Cathy Clay started Westland in 2004. […]
AccuWeather.com is predicting an active severe weather season in the United States, with an above-normal number of tornadoes in 2012. Last year ranks as the fourth most deadly tornado year ever recorded in the U.S., with 1,709 tornadoes touching down. The average number of tornadoes over the past decade is about 1,300. Warmer-than-normal Gulf of […]
Insurance Brokers Association of Ontario (IBAO) has announced its 2012 dates for its five-part development program, Beyond Best in Class (BBiC). The 2012 offering will be limited to 40 brokerages. Each offering will have geographical restrictions in place so competing brokerages will not be present in the same session. Each session begins with a collaborative […]
Patrick Lundy is the newly appointed chief agent and CEO for Zurich Canada. Lundy replaces Alister Campbell, who departed the company in February. Since starting his career in the insurance industry 15 years ago, Lundy has held various executive management and underwriting positions. He started his career in Toronto and worked for Zurich until 2000, […]
By Canadian Underwriter | February 21, 2012
About 95% of major corporations have suffered at least one major reputation crisis in the last 20 years, but less than 10% of these events are insurable, according to Willis Group Holdings. Phil Ellis, CEO of Willis Global Solutions Consulting Group, spoke at the Risk Frontiers conference in London, U.K. recently. He researched the performance […]
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