Industry

What’s New: In brief (December 07, 2006)

S.i. Systems Ltd. completed its acquisition of Genex Systems Professionals Group, a Toronto-based information technology consulting and staffing firm serving the insurance and banking industries.Derek Bullen, CEO of S.i. Systems, said, “The combination of Genex and S.i. Systems Ltd. is a good business model for further growth of our staffing services into the banking and […]

By Canadian Underwriter | December 7, 2006

1 min read

Desjardins changes names of services distribution networks

Desjardins Financial Security is changing the name of the entities of its financial products and services distribution networks in Canada. The 20 LFS Laurentian Financial Services centres that distribute insurance and savings products through nearly 450 representatives will be doing business under the name “Desjardins Financial Security Independent Network.” In addition, Optifund Investments Inc., the […]

By Canadian Underwriter | December 6, 2006

1 min read

Costs of liability coverage dropping, Marsh study finds

While the costs of liability coverage have been dropping, businesses on average have maintained their level of coverage, says a global study by Marsh Inc.The study surveyed 7,196 companies 562 of which were Canadian — in 53 countries. Findings are based on insurance-purchasing decisions made during the 12-month period ending Mar. 31, 2006, says a […]

By Canadian Underwriter | December 6, 2006

1 min read

What’s New: In Brief (December 05, 2006)

The Co-Operators has formed a cross-company committee to address concerns about insurance availability, affordability, volatility and accessibility facing the country’s non-profit and voluntary sectors.It created the committee following a 2004 advisory panel in Moncton, NB, in which community leaders raised the question of insurance for volunteer groups with company representatives, The Co-Operators says in a […]

By Canadian Underwriter | December 5, 2006

2 min read