Industry
Totten Insurance Group has welcomed John Rhuland, who will be opening a new Halifax/Dartmouth service office as part of its Atlantic region team.As manager of the new Halifax office, Rhuland will be doing commercial business for Totten Group in both an underwriting and marketing role.Rhuland has several years’ worth of personal and commercial lines experience […]
By Canadian Underwriter | October 11, 2011
1 min read
Policy Works Inc. has entered into an agreement with The Dominion of Canada General Insurance Company (The Dominion) to deliver a commercial lines data exchange solution for small commercial business, integrating Policy Works’ Commercial Management System (CMS) and The Dominion’s commercial systems. The integration is expected to be completed by the fall of 2012.The solution […]
By Canadian Underwriter | October 10, 2011
Demutualization should bring more consolidation into the Canadian property and casualty marketplace, according to a GMP Securities analysis issued by Stephen Boland.”We anticipate that the larger, mutual insurers will continue to work with the Department of Finance to demutualize in order to compete more effectively with the large stock P&C companies,” Boland writes in his […]
By Canadian Underwriter | October 7, 2011
2 min read
Insurance Bureau of Canada (IBC) has congratulated Liberal Party of Ontario Premier-elect Dalton McGuinty and all new and re-elected MPPs for their election victories.Led by McGuinty, the Liberals won a minority government in the province’s Oct. 6 elections. Heading into the election, the Liberal government had implemented auto insurance reforms in September 2010 and struck […]
The Insurance Corporation of B.C. (ICBC) has posted online a list of the Top 10 excuses given to police by drivers busted for using a hand-held device while driving. During a month-long crackdown on distracted driving, B.C. law enforcement officers estimate they issued more than 3,5000 tickets to drivers using electronic devices behind the wheel […]
Western Financial Group has acquired Saskatchewan-based Border Bannatyne Insurance.The Estevan, Saskatchewan-based brokerage has been in operation since 1920 and will now operate as a Western Financial Group office with the same local staff. “This is another great addition to our network of offices,” said Lana Wood, president of Western Financial Group (Network) Inc. “Having an […]
Canadian manufacturers are still reluctant to branch out into emerging markets as a way to mitigate their supplier interruption risks, Robert Forbes of EDC told a Toronto Insurance Conference (TIC) seminar in Toronto on Supply Chain Risk in a Global Economy. During 2005-08, Forbes was responsible for establishing and leading an offshore team serving Canadian […]
By Canadian Underwriter | October 6, 2011
Solvency II’s more precise measure of solvency will be more prone to volatility, Guy Carpenter reports. The widespread use of the Solvency II standard model and internal capital models, in conjunction with market-consistent accounting of assets and liabilities, could contribute to shorter, more volatile underwriting cycles, Guy Carpenter says in its report, Solvency II’s Impact […]
Insurance Brokers Association of Ontario (IBAO) has partnered with the Ontario Students Against Impaired Driving (OSAID) to remind Ontario’s students travelling over the Thanksgiving holiday to exercise caution and to not drink and drive.”It’s an exciting time of year, as many first year college students head home for their first school break,” said IBAO CEO […]
Insurance Bureau of Canada (IBC) is reminding homeowners in the Maritimes to contact an insurance representative immediately if their properties or belongings suffered damage during a storm that hit the area on Oct. 5.On Oct. 5, a ‘Nor’easter’ moved over eastern Quebec, New Brunswick, parts of Nova Scotia, Prince Edward Island, Newfoundland and Labrador. It […]
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