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Loss ratios on the auto side for Canada’s Top 100 auto insurers collectively increased 2.6% in 2006, according to a report released by A.M. Best. In its statistical study, Canada Auto, 2006 Direct Premiums Written, A.M. Best notes that even though 2006 direct written premiums for Canada’s Top 100 auto insurers amounted to Cdn$19.5 billion […]
September 30, 2007
1 min read
Lloyds has reported a pre-tax profit of 1.8 billion [approximately Cdn$3.65 billion], for the first six months of 2007, marking a 34% increase over last year.Lloyds saw a profit of 1.35 billion [approximately Cdn$2.74 billion] for the same period of 2006.The insurer also reported a combined ratio of 82.9% for the first half of 2007, […]
By Canadian Underwriter | September 27, 2007
A total of 97 defendants are now allegedly involved in the conversion of vehicles related to 49 stolen vehicle claims, after four civil actions were filed by the ICBC against 95 Lower Mainland residents recently, according to a release. “ICBC has zero tolerance for fraud,” Steve Tripp, ICBC manager of Fraud Prevention and Investigation, said […]
By Canadian Underwriter | September 20, 2007
2 min read
Loss ratios on the auto side for Canadas Top 100 auto insurers collectively increased 2.6% in 2006, according to a report released by A.M. Best.In its statistical study, ‘Canada Auto, 2006 Direct Premiums Written,’ A.M. Best notes that even though 2006 direct written premiums for Canadas Top 100 auto insurers amounted to Cdn$19.5 billion in […]
By Canadian Underwriter | September 10, 2007
The National Insurance Conference of Canada (NICC) has reported registering more than 300 senior executives from across Canada, the United States, the United Kingdom and Bermuda for its inaugural conference in 2007.The conference will be held from Sept. 30-Oct 2 at Le Centre Sheraton Hotel in Montreal, Quebec. The NICC has sold 100% of its […]
By Canadian Underwriter | September 7, 2007
Claude Dussault is retiring from his post as president and CEO of ING Canada effective January 1, 2008. He will assume the position of Chairman of the Company after being elected by the Board of ING Canada. Claude has been the main architect of our growth strategy. Under his tenure as CEO, the company has […]
Women in Insurance Cancer Crusade (WICC) is calling on people in the industry to dust off their poodle skirts for its first fundraising event in the Golden Horseshoe on Sept. 27, 2007.Tie up your saddle shoes, bring out the pomade and become a Rebel Without a Cause against cancer. The event will be held at […]
By Canadian Underwriter | September 6, 2007
Continued soft pricing, expense inflation and a drop in investment income marred the 2007 Q1 results reported by the Canadian insurance industry, according to a report by MSA Research Inc. and Baron Insurance Services Inc. “Despite a 4.2% increase in direct premiums written (Cdn$7.7 billion at three months 2007 versus Cdn$7.4 billion for the same […]
August 31, 2007
ING Canada Inc. (TSX: IIC) reported a 2007 Q2 net income of Cdn$194.3 million, down 5.7% from the Cdn$206 million it reported in 2006 Q2. The company said its growth in direct premiums written “remained strong during the quarter despite overall rate reductions,” amounting to Cdn$1.205 million (a 3.7% increase over the same period last […]
Guy Carpenter & Company, LLC has launched a new branding campaign, Capital Ideas, and has announced that its logo will change to bring the look in-line with that of parent company Marsh & McLennan Companies (MMC).The new campaign – including print, direct mail, event marketing and online components – features an origami theme that uses […]
By Canadian Underwriter | August 31, 2007
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