Industry
CSL Global has opened a new business operation in Canada.CSL Global (Canada) Ltd will initially operate from key offices in Toronto and Vancouver, led by Captain John Hosty, effective Jan.1, 2012.Other key members of the team include Andrew Rayner, Philip Vardon and Ken Rayner, based in Toronto, and Kaivan Chinoy in Vancouver.CSL Global (Canada) Ltd […]
By Canadian Underwriter | December 2, 2011
1 min read
After more than nine weeks of ideas submissions and voting, 90 entries have been selected as Aviva Community Fund semi-finalists. More than 1,500 ideas were submitted and more than 1.5-million votes were cast. The competition is offering $1 million in donations to lead, empower and support community initiatives across the country. Between Dec. 5 and […]
The first catastrophe bonds issued to cover severe thunderstorms alone have been triggered, resulting in total losses for investors, A.M. Best reported.Asha Attoh-Okine, managing senior financial analyst of insurance-linked securities for A.M. Best Co., told BestWeek the poor result clouds the fate of similar transactions in the future.Two cat bonds issued under Mariah Re Ltd. […]
By Canadian Underwriter | December 1, 2011
FirstOnSite Restoration has opened a permanent branch in Edmonton, Alberta, after working there for the past few months following the Slave Lake fires.The restoration firm also opened a branch in Medicine Hat, Alberta earlier this year to continue to meet the needs in the province. Dan Hislop will head the Edmonton branch. He has been […]
Hollywood actor James Woods was on hand to help CARSTAR Automotive Canada Inc. celebrate the grand opening of its 16,000-square-foot new head office in Hamilton.Following the grand opening, the company hosted more than 600 guests at a casino-themed event in support of Cystic Fibrosis Canada (CFC). Sam Mercanti, CARSTAR’s president and CEO, with the help […]
Canadian Market Auto loss ratios improve in 2011 Q3, but property lines loss ratios deteriorate Automobile personal accident lines showed a huge improvement in 2011 Q3 compared to the same period last year, according to figures released by the Office of the Superintendent of Financial Institutions (OSFI). During 2010 Q3, Canadian insurers automobile private passenger […]
November 30, 2011
5 min read
Nova Scotia's auto insurance reforms appropriately focus on making sure collision victims get the timely treatment they need. One pitfall for insurers is a one-year gap between increased benefits and the introduction of new treatment protocols.
By Bill Adams, Vice President, Atlantic, Insurance Bureau of Canada | November 30, 2011
3 min read
There are two approaches to reducing wildfire risk. The industry right now is focused on the one emphasizing individual homeowner responsibility. The other sees landscape-scale fuel modification igniting the bioenergy sector.
By Bob Gray, Fire Ecologist, R.W. Gray Consulting Ltd. | November 30, 2011
Market consolidation carries a risk that brokers will have fewer choices to offer their clients when carriers disappear.
By J.R. (Bob) Tisdale, President, COO, Pembridge Insurance Company | November 30, 2011
Successful fraud investigations in Western Canada point to the value of falling back on the private investigator model to root out fraud in the face of serious constraints on resources and special investigation units.
By Donald W. Ireland, Investigator, CKR Global | November 30, 2011
6 min read
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