Industry
For the second year running, the 1999 and 2000 Honda Civics SiR two-door topped the IBC’s list of the year’s most frequently stolen vehicles.The two models also had the third- and fourth-highest theft claims cost per vehicle. The highest theft claim cost per vehicle was the third most frequently stolen vehicle, the 2004 Subaru Impreza […]
By Canadian Underwriter | November 21, 2006
2 min read
Citing premium growth outside Quebec, Desjardins Financial Security reported 94.1% growth in insurance sales since the beginning of 2006.”At the end of [2006 Q3], insurance sales totaled Cdn$201 million, for a Cdn$97.4 million increase over the company’s results on Sept. 30, 2005,” Desjardins reported in a press release. “This excellent performance is due primarily to […]
By Canadian Underwriter | November 20, 2006
OdysseyRe Holdings Corp. (NYSE: ORH) has filed a registration statement with the U.S. Securities and Exchange Commission related to a secondary offering of OdysseyRe’s common stock.OdysseyRe announced it filed the statement at the request of its majority shareholder, Fairfax Financial Holdings Limited (TSX and NYSE: FFH).”Fairfax proposes to sell 9 million of its OdysseyRe shares, […]
By Canadian Underwriter | November 17, 2006
1 min read
Toronto’s Hospital for Sick Children has recently completed renovations to its Plastic Surgery Clinic. The new clinic was made possible by a Cdn$500,000 donation from the KRG Children’s Charitable Foundation.Enriching and enhancing children’s lives is what it’s all about for Steven Wise, chairman and CEO of KRG Insurance Group and chairman of KRG Children’s Charitable […]
Seventy-one Grade 9 students attended the Insurance Institute’s Feed the Minds of Youth day, held in conjunction with Take Your Children to Work Day in Toronto in November.A total of seven insurance companies participated in the event, in which the children ate a pizza lunch while learning about a variety of insurance careers.The students heard […]
By Canadian Underwriter | November 16, 2006
Fairfax Financial Holdings Limited has restated audited financial statements in 2005 and parts of 2006 to correct a U.S. GAAP accounting error.Also, it announced the acquisition of additional shares in Torstar Corporation, the parent company of the Toronto Star.Fairfax is a financial services holding company. Through its subsidiaries, it is engaged in property and casualty […]
By Canadian Underwriter | November 15, 2006
The Insurance Bureau of Canada is teaming up with Ontario Safety League to give partygoers a free ride this holiday season.At a news conference held in Toronto, IBC announced it is sponsoring Operation Red Nose (ORN) in seven Ontario communities and other communities in Alberta and the Atlantic provinces. The popular program offers a volunteer […]
CGI Group Inc. (TSX: GIB.A; NYSE: GIB) has reported 2006 revenue of Cdn$3.48 billion.”This is Cdn$208 million lower than fiscal 2005, driven by the negative impact of a strengthening Canadian dollar (Cdn$106.4 million) as well as lower BCE work volumes (Cdn$114.7 million),” the company said in an online statement.”Overall, 2006 was a year of repositioning […]
By Canadian Underwriter | November 14, 2006
Alberta’s Automobile Insurance Rate Board (AIRB) recently held a series of consultation meetings to “discuss an acceptable cost of capital and profit margin for auto insurers.”These consultations will be a factor during the AIRB’s annual review of compulsory insurance premiums, the AIRB noted in a press release.The AIRB sets premiums for mandatory auto insurance coverage […]
By Canadian Underwriter | November 10, 2006
Optimum General Inc. (TSX: OGI.A) has reported a 2006 Q3 profit of Cdn$1.45 million, compared to a net income of Cdn$1.35 million for the same period last year. Optimum General is a Canadian company that underwrites property and casualty insurance through three subsidiaries: Optimum West Insurance Company (British Columbia, Alberta, Yukon), Optimum Insurance Company Inc. […]
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.
