Industry
SGI is returning $100 million to its customers through a rebate on their 2006 auto insurance premiums. In addition, SGI has applied to the Saskatchewan Rate Review Panel for a general rate reduction of five per cent with rate rebalancing, which would mean more than half of SGI customers will be paying less for their […]
By Canadian Underwriter | February 2, 2007
2 min read
Ral Circ, the president and CEO of La Capitale General Insurance, officially retired as of Jan. 4, 2007 after 25 years at La Capitale. Circ spent almost 18 years as the president and CEO of the company. “Mr. Circ has left La Capitale General Insurance and its employees in very good hands,” La Capitale announced […]
January 31, 2007
3 min read
Donald Lambie, RIBO's first president, describes what it was like to help create the self-governing body for Ontario in 1979-81
By Vanessa Mariga | January 31, 2007
6 min read
How to keep your critical communications to policyholders from becoming junk mail
By Nick Romano | January 31, 2007
5 min read
A 'blitzkrieg' of unrelenting storms in B.C. leads to more than 9,000 claims and about Cdn$130 million in damages
7 min read
The ACE Tempest Re Group has expanded into Canadian markets with the establishment of ACE Tempest Re Canada. The Montreal-based, wholly-owned managing underwriter will write all lines of property and casualty reinsurance for the Canadian market. Constantin Petalas has been appointed president of the operation and is charged with the responsibility of leading ACE Tempest […]
1 min read
ING Canada has shuffled its senior executive staff. Charles Brindamour has assumed the newly created role of chief operating officer, and Derek Iles is now the president of ING Insurance. In addition, ING announced the retirement of two executive staff members, Don Lough and Jacques Valotaire. Brindamour, in his new role, is responsible for all […]
Fitch Ratings has published details about its new financial guaranty capital model called Matrix. The key measure in the model is the Core Capital Adequacy Ratio (CCAR), derived two basic measures: (1) the total Adjusted Claims-Paying Resources (ACPR), and (2) the total Required Claims-Paying Resources (RCPR). Components making up an insurer’s ACPR include things such […]
The reinsurance market has regained “a universal, if fragile calm” in 2007, according to a report by reinsurance intermediary Benfield. The report notes “an acute shortage of catastrophe capacity at U.S. mid-year renewals.” But in the second half of 2006, the report continued, “it was a case of ‘no wind, no problem.'” Short-term alternative capital […]
Responding to misconceptions in the public domain about automobile insurance rates, the Insurance Bureau of Canada has published a report aimed at increasing the general population’s understanding. “This study helps debunk the myths that persist despite access to independently verifiable information,” Stan Griffin, IBC’s president and CEO, said in a statement. The report reviews the […]
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