Home
Optimum General Inc. (TSX:OGI.SV.A) recently merged two of its property and casualty insurance subsidiaries Optimum Frontier Insurance Company (Ontario) and Optimum Insurance Company Inc. (Qubec). The company that will represent the merging of these two subsidiaries Optimum Insurance Company Inc., and its French version Optimum Societe d’Assurance inc. will be governed by the laws of […]
By Canadian Underwriter | November 30, 2005
1 min read
Boys, girls and ghouls alike gathered this ghastly October, with canned food offerings in claw, at the York Event Theatre to celebrate All Hallows Eve at Enterprise Rent-A-Car’s 4th annual Halloween costume party. Not only was the night a fabulous fright of great prizes, food and music, it also scared up a generous delight of […]
November 30, 2005
5 min read
The province of Saskatchewan recently gave Saskatchewan Government Insurance Canada $21 million to help them move into the competitive insurance industry that characterizes Alberta, according to the provincially owned Company.SGI will initiate operations in Alberta in spring 2006, at which time its Alberta-based business will sell home and property insurance through its SCISL subsidiary.SGI is […]
At a recent meeting of the National Conference of Insurance Legislators (NCOIL), the Property Casualty Insurers Association of America (PCI) adopted a resolution on aftermarket parts and renewed a model law on credit scoring on the premise that these actions will strike a practical balance between consumer protection, competition and sound underwriting principles.The resolution promotes […]
By Canadian Underwriter | November 23, 2005
Chubb Corporation [NYSE: CB] is teaming up with private equity firm Stone Point Capital LLC to start a new global reinsurance company named Harbor Point Limited. Harbor Point, which is to be based in Bermuda, is expected to have an initial capitalization of about $1.5 billion, Chubb announced. Going forward, it is expected Harbor Point […]
October 31, 2005
2 min read
Chubb Corporation [NYSE: CB] is teaming up with private equity firm Stone Point Capital LLC to start a new global reinsurance company named Harbor Point Limited.Harbor Point, which is to be based in Bermuda, is expected to have an initial capitalization of about $1.5 billion, Chubb announced in a news release. Going forward, it is […]
By Canadian Underwriter | October 26, 2005
ING Insurance brokers in BC recently gained direct access to a true point-of-sale ‘Savers’ system for property insurance that allows brokers to quote and issue new business for personal property in BC , according to Applied Systems Canada Inc. ING has worked with Applied Systems to link The Agency Manager (TAM) and Savers through Applied […]
By Canadian Underwriter | October 18, 2005
The U.S. property and casualty insurance industry’s after-tax net income rose 29.1% over last year from $23.9 billion in the first half of 2004 to a record-setting $30.9 billion in the first half of 2005.The Insurance Services Office (ISO) and the Property Casualty Insurers Association of America (PCI) also reported recently that the industry’s consolidated […]
By Canadian Underwriter | October 5, 2005
PPG Canada Inc., through CertifiedFirst Network sponsorship, is supporting the Holy Trinity Catholic High School in Simcoe, ON in the annual Baja 1000 Race. This will be the second consecutive year that PPG has, in support of the CertifiedFirst Network, funded students who will gain valuable real-world experience by building their own vehicle for the […]
By Canadian Underwriter | October 4, 2005
3 min read
AIR Worldwide estimates insured losses from Hurricane Ophelia, the main brunt hitting North Carolina, arising mainly from the U.S. eastern seaboard will not exceed $800 million. “Though its strongest winds remained over the Atlantic, Ophelia will still impact the insurance industry,” Dr. Jayanta Guin, vice president for research and modeling at AIR Worldwide Corporation, says. […]
September 30, 2005
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
