Claims
Specialist lines underwriting agency, CFC, has significantly enhanced its market leading cyber policy, CPM. Based on over 13 years experience of insuring against cyber risks, the revamped policy includes crucial new coverage that truly reflects the changing landscape of cyber risk faced by companies in Canada. Unlike many policies that are simply a carbon copy […]
July 31, 2013
1 min read
American International Group, Inc. (NYSE: AIG) announced today that effective July 1, 2013, the Chartis brand was retired in Canada and that the AIG Property Casualty insurance business in Canada will operate as AIG Insurance Company of Canada (“AIG Canada”) going forward. AIG Canada also announced the launch of a new bilingual website tailored to […]
With nearly 10 million square kilometres and close to one million kilometres of road to call home, Canadians are no strangers to the draw of the open road and to the significant role that a car can play in our lifelong journey. In a new campaign launched today, Canada’s largest collision & glass franchise network, […]
Owners of First General Ottawa, Richard Crate and Gerry Denomme were pleased to be presented with a Gold Flame plaque by WICC in recognition of their continued generous support over the past three years. First General Ottawa was presented with the WICC Ontario Chapter ‘Gold Flame’ award at the WICC Gala in Toronto on April […]
Thirteen catastrophe bonds closed during the second quarter of this year, Aon Benfield Securities reported Wednesday in its latest quarterly report. With a total value of $3.3 billion, the first half of this year has reached a total issuance of nearly $4 billion, the highest level since 2007, according to the investment banking division of […]
Intact Financial Corp. has reported a net operating income for the second quarter of the year of $123 million, down by $57 million over the comparable quarter of 2012. That decrease reflects a pre-tax loss of $143 million net of reinsurance (an after-tax loss of $105 million) following the storms and flooding in Alberta in […]
By Canadian Underwriter | July 31, 2013
3 min read
Three Mercedes-Benz models are among the top 10 stolen luxury vehicles in the United States, a new report from the National Insurance Crime Bureau suggests. Between January 2009 and December 2012, there were 4,384 luxury class vehicles stolen, according to the organization. The Mercedes-Benz C Class, E Class and S Class were all among the […]
By Canadian Underwriter | July 30, 2013
2 min read
XL Group plc has reported a net income of $272.7 million for the second quarter of the year, although results were impacted by the number of natural catastrophes during the period, the company said Monday. That result was compared with $221.2 million in the prior year quarter, “primarily due to higher net realized gains on […]
The Financial Services Commission of Ontario (FSCO) issued a warning to consumers Tuesday that an individual called “Jermaine” is claiming to sell auto insurance on behalf of LinkXInsurance. The individual is using the following email address, website and phone number: linkxinsurance@gmail.com, “www.LinkXInsurance.com”, 647-830-8421, according to FSCO. The individual sold false insurance cards that listed Aviva […]
The New Brunswick government is urging residents to report damage they faced from heavy rainfall on July 26. The Department of Public Safety’s New Brunswick Emergency Measures Organization is requesting the information from residents from Charlotte and York counties in the southwestern part of the province to report the damage to Service New Brunswick. Residents […]
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