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ING Canada has reported a profit of Cdn$109.4 million for 2006 Q4, down from Cdn$196.9 million reported in 2005 Q4. The drop in net income was driven by lower underwriting income, lower realized investment gains and higher income taxes, the company noted in a press release. Net income for the full year 2006 was Cdn$658.1 […]
February 28, 2007
1 min read
Co-operators General Insur-ance Company reported consolidated after-tax net income of Cnd$19 million in 2006 Q4, compared to its Cdn$39 million profit in 2005 Q4. Gross written premium in 2006 Q4 increased 6.7%, to Cnd$519 million, compared to Cdn$486 million in the fourth quarter of 2005. The combined ratio of claims and operating expenses was 99.0% […]
AXA reported a profit of EUR4 billion [approximately Cdn$6.1 billion] throughout 2006, an increase of 20% over 2005. Property and casualty earnings increased 7% to EUR1.5 billion [approximately Cdn$2.3 million], driven by a 4% increase in revenues together with a 0.8 point improvement of the combined ratio, states an AXA news release. “Through organic growth […]
AXA reported a profit of 4 billion [approximately Cdn$6.1 billion] throughout 2006, an increase of 20% over 2005. Property and casualty earnings increased 7% to 1.5 billion [approximately Cdn$2.3 million], driven by a 4% increase in revenues together with a 0.8 point improvement of the combined ratio, states an AXA news release.Through organic growth and […]
By Canadian Underwriter | February 23, 2007
Rob Seal has been appointed to the position of president and chief executive officer of Cunningham Lindsey Canada Limited (CLC). Seal has held many adjusting and management positions during his 20-year career with CLC, most recently as president of Canadian operations. His technical adjusting skills combined with a customer-focused, employee-driven management style have enabled CLC […]
By Canadian Underwriter | February 20, 2007
For the fourth quarter, Co-operators General Insurance Company reported consolidated after-tax net income of Cnd$19 million, compared to the Cnd$39 million profit for the same period in 2005.Gross written premium in the fourth quarter increased 6.7% to Cnd$519 million, compared to $486 million in the fourth quarter of 2005. The loss ratio for the quarter […]
By Canadian Underwriter | February 16, 2007
Crawford & Company has reported a 2006 Q4 loss of US$1.3 million, compared with a profit of US$6.0 million in 2005 Q4.Net income for the 2006 year was US$15 million, compared with US$12.9 million reported in 2005. The net loss in the 2006 fourth quarter included a charge of $1.9 million, net of related income […]
By Canadian Underwriter | February 12, 2007
2 min read
Bar coding and batch scanning is expediting insurers' document management processes
By Martin Ouellet | January 31, 2007
5 min read
Ontario’s Provincial Auto Theft Team has arrested and charged two men in connection with an international organized auto theft ring operating in the Greater Toronto Area.The two men arrested in connection with the theft ring allegedly exported vehicles from Canada to Cambodia, says an Ontario Provincial Police (OPP) release.”2007 and 2006 model year, high-end sport […]
By Canadian Underwriter | January 19, 2007
The Supreme Court has refused leave to appeal in a case that attacked the $100,000 cap on non-pecuniary general damages.
By Christopher Dunn, Partner, Dutton Brock LLP | December 31, 2006
7 min read
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