Industry
The Insurance Brokers Association of Ontario (IBAO) has publicly recognized the recent introduction by Custom Software Solutions Inc. (CSSI) of new technology that enables PDF Dec pages to be accepted as part of the Centre for Study of Insurance Operations (CSIO) download standards.The new innovation allows insurance companies and brokers to transmit documents through an […]
By Canadian Underwriter | November 18, 2011
1 min read
Expect insurance-linked securities (ILS) to be the next evolution of product support and development coming out of the Bermuda reinsurance market, says the CEO of the Bermuda Stock Exchange (BSX). Greg Wojciechwski spoke to Canadian Underwriter in a telephone interview while visiting with Canadian business leaders in Toronto on Nov. 17. In the conversation, he […]
By Canadian Underwriter | November 17, 2011
2 min read
CARSTAR Automotive Canada has launched the Unhappen My Accident iPhone application. The free app is now available for download from the Apple iTunes App store or at www.carstar.ca/eng/iphone_app.aspx. It works by storing critical driver and accident information such as insurance, vehicle, and emergency contact details. One press of a button displays the necessary steps to […]
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit rating (ICR) of “aa-” of The Wawanesa Mutual Insurance Company. “The ratings and outlook of Wawanesa are reflective of its superior risk-adjusted capital, balance sheet strength, good geographic diversification and market leadership position,” according to A.M. Best. “Wawanesa’s ranking […]
Zurich has launched a new surety bond intended to help contractors deliver Public Private Partnership (PPP) projects.Zurich says its Public Private Partnership Performance Bond enables large construction projects to benefit from favourable financing treatment while maintaining the public policy, project completion and subcontractor payment benefits of traditional surety bonds.”One important aspect of this surety bond […]
By Canadian Underwriter | November 16, 2011
The Insurance Brokers Association of Alberta (IBAA) presented Slave Lake Victim Services with a cheque for $12,960.00 on Nov. 7, 2011 to help offset the costs of the Slave Lake fire in May 2011.IBAA local councils and individual brokers donated the funds during and after IBAA’s 2011 Convention in May. The donation will be used […]
An eight-year soft market in U.S. commercial lines may finally have hit rock bottom, according to The RIMS Benchmark Survey.Administered by Advisen Ltd., the survey tracks changes in average program renewal premiums for director and officers’ liability (D&O), general liability (GL) property lines and workers’ compensation, as reported by risk managers. Of the four lines, […]
By Canadian Underwriter | November 15, 2011
Sixty-five per cent of 76 international companies surveyed by international legal practice Norton Rose Group said they do not conduct detailed due diligence on incoming key personnel provided by their supplier.”The majority of customers assume that their suppliers will have done the necessary due diligence on their own staff and do not see the need […]
York Fire & Casualty Insurance Company has become Unica Insurance Incorporated and will operate under the Unica brand name, the company announced on Nov. 14.The re-branding of York represents a milestone in the reinvention of the company since its acquisition in 2008 by La Capitale General Insurance, one of Quebec’s largest P&C insurers, the company […]
By Canadian Underwriter | November 14, 2011
The Insurance Brokers Association of Ontario (IBAO) has presented its 2011 Awards of Excellence recognizing prominent insurance brokers and brokerages throughout Ontario. The awards were presented at the IBAO’s 91st Annual Convention in Toronto.The winners of the 2011 IBAO Awards of Excellence were:•Individual Broker: Craig Musico, Callister Musico Ins. Group Inc, Sarnia •Young Broker: […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
