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Member firms of the national adjusting service Canadian Adjusters Network (CAN) attended the client/partner reception at Toronto’s Design Exchange on Feb. 16. CAN is made up of nine independently owned adjusting firms across Canada; through CAN, they serve their particular jurisdiction, while at the same time sharing their expertise and knowledge with other members nationally. […]
March 31, 2006
4 min read
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 for prior […]
By Canadian Underwriter | March 30, 2006
2 min read
Roland Reesby has been appointed to the position of vice president of operations for Munters Moisture Control Services (MCS), a division of Munters AB. Based in LA, Reesby will oversee all MCS sales and support functions to ensure continued growth and profitability for the division in North and South America. He will also direct daily […]
By Canadian Underwriter | March 28, 2006
1 min read
On March 6, 2006 students were left without educators as a result of an OPSEU strike. In order to assist students in the Insurance Diploma program at Mohawk College, the Hamilton/Niagara Chapter of the Insurance Institute of Ontario brought aid. Chapter manager Dawn Elliott made arrangements for college students who were planning to write the […]
By Canadian Underwriter | March 27, 2006
MFX, a provider of technology and IT outsourcing solutions, has announced the Western Life Assurance Company in Alberta is using its WriteNow Web-based policy-writing platform for Western Life’s suite of ‘@pprove’ online, term life products.MFX developed WriteNow to provide agents and brokers with the ability to qualify, rate, quote, bind and deliver policy documents in […]
By Canadian Underwriter | March 20, 2006
AMAC Consultants Inc. is expanding its Ontario operations with the appointment of Peter R. Morris as vice-president. Morris will lead the firm’s operations in Toronto, ON. Prior to joining AMAC, Morris was the branch director, Ontario division, CGI Insurance Business Services. Morris has held executive positions with the Society of Fellows in both Calgary and […]
A group of 26 U. S. property-casualty reinsurers wrote $25.3 billion of net premiums during the 12 months ended Dec. 31, 2005, according to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA). Among the companies surveyed, the RAA survey shows the leading companies in terms of 2005 net […]
By Canadian Underwriter | March 17, 2006
Marshall & Swift / Boeckh and Cornerstone Appraisal Services recently partnered to form a “strategic business alliance.” This partnership is intended to utilize the strengths of both organizations to deliver high value inspection and valuation services to the property and casualty industry. A provider of high value insurance inspections and inspection technology for insurance carriers, […]
By Canadian Underwriter | March 14, 2006
Shortly after Royal Bank CEO Gordon Nixon decried the “absurdity” of Canada’s Bank Act, referring to the act’s provisions that prevent banks from retailing insurance within their local branches, National Bank of Canada president and CEO Ral Raymond told his shareholders the act’s restrictions are “anachronistic and unjustified.” “The regulatory framework imposes serious limits on […]
By Canadian Underwriter | March 9, 2006
Tony Boobier has been appointed to head Marshall & Swift / Boeckh’s newly created London-based international solutions division. Boobier will develop the use of MSB’s claims and underwriting systems within the U.K. and European insurance and reinsurance arenas. Initially, Boobier will focus on companies in the U.K. with books of property insurance business in the […]
By Canadian Underwriter | March 8, 2006
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