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The Globe and Mail has named CNA Canada among its Top 20 small/medium-sized companies to work for in Canada.In partnership with the Queen’s School of Business and Hewitt Associates, a global HR outsourcing and consulting firm, the Globe did a survey last summer of 79 organizations from across the country. CNA Canada and its 120 […]
By Canadian Underwriter | May 19, 2006
1 min read
Aviva Insurance Company of Canada, Scottish & York and Traders General Insurance Company, all Aviva Canada Inc. (Aviva) member companies, are rewarding drivers in Quebec who choose to be kind to the environment with an automatic 10% discount on their Aviva auto policy premium.Effective June 1, 2006, upon sign-up, Aviva policyholders in Quebec who drive […]
By Canadian Underwriter | May 17, 2006
Insurance industry mergers and acquisitions increased in 2005 to the highest level since 2001 and may foreshadow an acceleration of activity this year and the next, according to a new study by Hartford, Connecticut-based Conning Research and Consulting, Inc.The study is entitled: Mergers & Acquisitions and Public Equity Offerings-Fasten Your Seat Belts!”There are a number […]
By Canadian Underwriter | May 16, 2006
Odyssey Re Holdings Corp. (NYSE: ORH) has elected Peter M. Bennett to serve on its board of directors. Mr. Bennett has more than 40 years of experience in the insurance industry. He was president of Canadian International Reinsurance Brokers from 1972 until 1984, when that company merged with LeBlanc Eldridge Parizeau to become BEP International. […]
By Canadian Underwriter | May 5, 2006
Swiss Re has introduced a new dimension to the conventional combined ratio, called the “economic combined ratio” [ECR]. According to Swiss Re, the ECR presents the following advantages when compared to the conventional combined ratio: * The ECR isolates the underwriting results of a certain year (accident-year view), avoiding mingling with reserve additions or releases […]
April 30, 2006
Bermuda-based reinsurer ACE Limited (NYSE: ACE) has reported a record net income for the first quarter ended Mar. 31, 2006, of US$489 million.The net income figure includes, the company reported, “a US$80-million pre-tax charge pertaining to the imminent settlement with certain governmental agencies of their investigations of various insurance industry business practices.” Income excluding net […]
By Canadian Underwriter | April 27, 2006
Individual car and truck thieves could become the target of the Insurance Corporation of British Columbia’s (ICBC) plan to file lawsuits against car and truck thieves.The lawsuits would attempt to garner funds to cover the costs of repairing and/or replacing the stolen vehicle. Currently, the ICBC’s initiative focuses on insurance fraud and auto theft rings […]
By Canadian Underwriter | April 12, 2006
The University of Western Ontario is destroying a full-scale model home in order to improve construction practices and prevent future hurricane and storm damage to residential buildings
By F. Michael Bartlett, Department of Civil and Environmental Engineering, University of Western Ontari | March 31, 2006
4 min read
Preparing for a deluge of cat claims
By David Gambrill | March 31, 2006
6 min read
In its anniversary year, the Munich Re Group achieved a record profit in 2005 of over EUR2.7 billion (CD$3.75 billion). “We have thus slightly exceeded our target,” Nikolaus von Bomhard, chairman of the board of management, said when presenting the figures. “Our solid basic business makes the achieved level of profitability sustainable. We therefore expect […]
March 31, 2006
2 min read
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