Industry
ING Insurance Company of Canada is continuing to support the Broker Identity Program [BIP] as a full partner, the Insurance Brokers Association of Canada [IBAC] announced in a press release.IBAC launched the BIP program in 1989. More than 20 insurance companies in 2006 supported the branding campaign, designed to symbolize the value the countrys 30,000-plus […]
By Canadian Underwriter | March 7, 2007
2 min read
Crawford Adjusters Canada Incorporated announced the change of its corporate name to Crawford & Company (Canada) Inc, effective immediately. The removal of the word adjusters from Crawfords name will allow all divisions of the company to be united under a single brand name. The new name will also keep Canadian operations in step with its […]
By Canadian Underwriter | March 5, 2007
1 min read
ING Insurance Company of Canada and Policy Works Inc. have developed an integrated solution for exchanging commercial lines data. Data exchange has been common in personal lines insurance for some time, ING Insurance notes in a press release. But the development of this integration between ING Insurance and Policy Works marks the first significant stride […]
The American International Group, Inc. (AIG) reported a net income of US$14.05 billion [approximately Cdn$16.54 billion] for 2006 and a net income of US$3.44 billion [approximately Cdn$4.05 billion] for 2006 Q4.Comparatively, AIG reported 2005 profits of US$10.48 billion [approximately Cdn$12.33 billion], and US$376 million [approximately Cdn$44.37 million] for 2005 Q4.2006 was a remarkable year beginning […]
By Canadian Underwriter | March 2, 2007
The Hamilton Bulldogs have teamed up with the Hamilton Hornets Rugby Football Club to host Sean Corner Benefit Night on Friday, Mar. 30 when the Bulldogs host the Grand Rapids Griffins at Copps Coliseum. Corner has been a 6-year member of the Hamilton Hornets, when he suffered a spinal cord injury during a rugby game […]
Aviva plc announced a 3.2 billion [approximately Cdn$7.3 billion] profit for the year 2006, marking a 12% increase over 2005.The company also reported a strong general insurance result with a combined operating ratio of 94% – ahead of the meet or beat commitment of 98% that was set as a goal, a company release says.Sales […]
By Canadian Underwriter | March 1, 2007
Australian financial services provider Macquarie Group (Macquarie) has acquired Insurance Pay Canada Inc. (Insurance Pay), a Canadian premium finance company.Insurance Pay works exclusively with independent brokers to provide insurance premium financing to commercial customers who prefer to pay their premiums over the course of the year. Headquartered in Toronto, Insurance Pay provides clients with short-term […]
Canada’s insurance regulators are contemplating market conduct surveys in the spring of 2007 that might ask insurance companies what they are doing to oversee the market behaviour of the brokers and sales intermediaries acting on their behalf. This is a development of which brokers should be aware, Dominion of Canada General Insurance Company president and […]
February 28, 2007
Zurich Financial Services Group reported a US$4.5-billion profit in 2006, an increase of 41% over the company’s 2005 results. Zurich’s combined operating ratio of 94.2% represented a 6.6% improvement over 2005. General insurance gross written premiums and policy fees earned US$34.2 billion, and the underlying result increased by US$1.9 billion, or 1.1%, after excluding the […]
Exhibitors were ‘working the show’ and ‘showing their work,’ with over 150 exhibits from across Canada showcasing the latest services and products for the claims industry at the Ontario Insurance Adjusters Association (OIAA) Claims 2007 Conference and Exhibition held Feb. 7, 2007 at the Metro Toronto Convention Centre. The extremely popular event for Insurance Claims […]
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.
