Industry
Insurance brokers worldwide face challenges as a result of New York state attorney general Eliot Spitzer’s investigation into bid rigging in the insurance broker industry, according to a recent report published by Standard & Poor’s Rating Services. S&P’s report, entitled Challenges Still Loom For Global Insurance Brokers In Post-Scandal Era, references specific major brokers in […]
October 31, 2006
1 min read
Almost half of corporate Canada has faced disasters such as a power outage or IT failure, and yet 75% of 520 surveyed companies are relying on an “unofficial” business continuity plan, according to a recent report conducted by Leger Marketing for Fusepoint Managed Services. The report says 50% of surveyed companies have a disaster recovery […]
CGI Group Inc. (TSX: GIB.A) recently signed three contracts in Western Canada totaling more than CD$20 million. The contracts, covering both municipal and provincial jurisdictions, have been signed with the following entities: * City of Calgary – a three-year contract for an enterprise service desk, with an option for two additional two-year agreements. * British […]
American International Group (AIG) Global Marine, a division of AIG Inc.’s P&C insurance subsidiaries, recently purchased Arch Insurance Co.’s U.S. ocean marine business. AIG’s marine unit will now service Arch’s U.S. marine portfolio. Richard Decker, president of AIG Global Marine, said the company is looking forward to adding the Arch U.S. marine portfolio to its […]
Broker Al hoisted a massive log in his arms and wedged it solidly on top of the roaring blaze in the fireplace. Already we could feel waves of heat radiating out into the room. Seated in a semi-circle of chairs, the rest of us were his guests for our annual working weekend at his cabin. […]
By Axiom | October 31, 2006
10 min read
TIC president Brenda Rose is writing a story with themes appealing to commercial brokers - community involvement, successful lobbying and business continuity
6 min read
Manulife Financial is partnering with Dalhousie Medical School to expand Dalhousie’s unique, award-winning health and science program, MegaSearch, to every Grade 5 classroom in Prince Edward Island.MegaSearch 2006-07, a curriculum supplement, highlights research in the areas of asthma, cancer, heart health, HIV/AIDS, mental health, and vaccines. All topics align with curriculum goals outlined by the […]
By Canadian Underwriter | October 31, 2006
2 min read
The Canadian Council of Insurance Regulators (CCIR) has approved a work plan to review the implementation of three disclosure principles recommended by its Industry Practices Review Committee priority of the client’s interest, disclosure of potential conflicts of interest and product suitability across Canada.”Various industry associations have suggested that the principles be implemented through voluntary guidelines,” […]
By Canadian Underwriter | October 30, 2006
Aviva plc has achieved strong growth in its new business while sustaining the profitability of its sales, according to group chief executive Richard Harvey. “This result proves the competitive advantage we’re building through our worldwide business model and demonstrates Aviva’s strengths of scale, balance and diversified product offerings,” Harvey adds.In the UK, Aviva’s business has […]
By Canadian Underwriter | October 26, 2006
SCM Adjusters Canada Ltd. recently concluded an acquisition agreement with Pritchard, Woodall & Associates.The acquisition became effective as of October 1, 2006.Pritchard, Woodall & Associates has a “solid reputation” within the adjusting industry and SCM says the Company is well known for its “high caliber adjusting talent and provision of exceptional service quality.”SCM says the […]
By Canadian Underwriter | October 25, 2006
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