Industry
XN Financial has appointed Keith Doan as senior vice president of casualty, management liability and specialty lines underwriting practices for North America. Prior to joining XN Financial, Doan held senior positions with AON Ltd., Marsh USA and Chubb Insurance. Doan’s underwriting experience in the United States and Canadian markets spans more than 20 years.”Keith’s knowledge […]
By Canadian Underwriter | January 5, 2012
1 min read
A large number of weather-related events and earthquakes made 2011 the costliest ever year in terms of natural catastrophe losses, reported Munich Re.Global economic losses tallied up to US $380 billion, nearly two-thirds higher than in 2005, the previous record year with economic losses of US$220 billion. Insured losses of US $105 billion also exceeded […]
By Canadian Underwriter | January 4, 2012
A clumsy arsonist and a stick-shift-challenged auto thief appeared at the top of Manitoba Public Insurance (MPI)’s list of Top 5 frauds in 2011.In MPI’s Number 1 fraud, a Winnipeg man agreed to set fire to a vehicle owned by an acquaintance, who wanted his decrepit beater written off for the insurance proceeds. According to […]
2 min read
Intact Financial Corporation (TSX: IFC) has officially completed the $300 million sale of AXA Life Insurance Inc. to SSQ, Life Insurance Company Inc. AXA Life Insurance Inc. was acquired in September 2011 by IFC as part of the $2.6-billion acquisition of AXA Canada. AXA Life Insurance Inc. has approximately 250 employees and offers health and […]
Winmar Franchise Corp. has announced an executive appointment on the West Coast and the opening of a new location on the East Coast.Sean M. Douglas will serve as Winmar’s new regional vice president of British Columbia. Based in Chilliwack, he will be responsible for corporate support for the current Winmar locations in B.C., as well […]
The Insurance Brokers Association of Canada (IBAC) is moving onto the third phase of its Data Exchange Project.The intention of IBAC’s Data Exchange Project is to develop concurrent communication between broker and insurer systems within guidelines articulated by IBAC. These guidelines include:• data transactions that start and end in the BMS;• data flowing between systems […]
By Canadian Underwriter | January 3, 2012
A sustained market hardening in the global reinsurance market is more likely to be caused by economic turmoil than catastrophe losses, according to Willis Re’s ‘1st View’ report.Last year was the second-worst year for catastrophe losses (insured losses in excess of $100 billion and reinsured losses of more than $50 billion), with many of those […]
Deborah M. Luthi, enterprise risk manager for the San Francisco Public Utilities Commission, is the president of the Risk and Insurance Management Society (RIMS) for the 2012 term.Luthi has been a member of RIMS for almost 32 years and on the board for 11 years. “Last year, risk managers around the world were put to […]
Western Financial Group has acquired Roblin Insurance Travel and Realty Agencies Ltd. in Roblin, Manitoba. Founded in 1976, the Roblin brokerage will now operate as a Western Financial Group office. Terry Hawryluk will oversee the branch.”We will be bringing a wider range of products to and offering more choices for our customers in the Roblin […]
More than 350 delegates and 60 exhibiting companies attended Business Information Group’s inaugural, two-day International Sites and Spills Expo, held at the International Centre in Mississauga, Ontario on Nov. 3-4, 2011. Featuring three tracks of conference speakers, the event was the first of its kind to combine hazardous materials management and site remediation with cleanup […]
December 31, 2011
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