Industry
Disaster Kleenup International (Canada) Ltd. (DKC) recently welcomed to new members to its group. The new members include Nova Scotia-based MECO Construction Disaster Kleenup and Montreal-based Refexio Inc. The Peterborough Centennial Museum & Archives (PCMA), in collaboration with Rosco Document Restoration, recently unveiled the restored Balsillie Collection of Roy Studio Images. Following two years of […]
By Canadian Underwriter | October 19, 2006
1 min read
Odyssey Re Holdings Corp. (NYSE: ORH) has filed its Annual Report on Form 10-K/A for the year ended December 31, 2005 with the Securities and Exchange Commission (SEC), restating its consolidated financial statements as of and for the years ended December 31, 2005, 2004 and 2003.Odyssey Re also filed with the SEC, its affected Selected […]
By Canadian Underwriter | October 18, 2006
2 min read
Standard & Poor’s Ratings Services recently placed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on Switzerland-based reinsurer Converium AG, and its ‘BBB+’ long-term insurer financial strength ratings on guaranteed operating entities Converium Rckversicherung (Deutschland) AG and Converium Insurance (U.K.) Ltd., on CreditWatch with positive implications. At the same time, S&Ps says it […]
Answering the lobby of several insurance groups and associations, the Financial Services Commission of Ontario (FSCO) has announced it is amending the Ontario Automobile Policy (OAP 1) and a number of related forms as a result of Bill 18, which deals with vicarious liability.”Changes to these forms have been developed in consultation with stakeholders, including […]
By Canadian Underwriter | October 17, 2006
A.M. Best has also affirmed the financial strength ratings of A (Excellent) and the ICRs of “a” of Toronto-based ACE INA Insurance. In addition, the ACE Group’s financial strength ratings (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” have also been affirmed by A.M. Best Co. The ACE Group consists of […]
By Canadian Underwriter | October 16, 2006
Western Financial Group has recently completed the acquisition of two insurance brokerages in Southern Alberta Thomsen Fisher Agencies and Willow Creek Agencies.Thomsen Fisher Agencies is located in Alberta’s seventh-largest city, Medicine Hat, Alberta. Willow Creek Agencies is based in Claresholm, Alberta, one hour south of Calgary.In a press release announcing the acquisitions, Western Financial Group […]
By Canadian Underwriter | October 13, 2006
Royal & Sun Alliance Insurance Group plc (R&SA) has made changes to the Group’s operating structure, reflecting the Group’s strategic focus set out to the market in June 2006.Moving forward, the Group will be organized into three main operating businesses including: the UK, International and Emerging Markets. These changes will be effective immediately, according to […]
By Canadian Underwriter | October 12, 2006
Collision Solutions Network (CSN) recently welcomed Sarnia, ON-based St. Clair Auto Repair as the newest member to the network. St. Clair represents the 45th facility to join the network. St. Clair Auto Repair, an 8000 sq ft facility with 15 employees, offers complete collision service for both foreign and domestic cares. They also feature an […]
ICBC has taken to the airwaves to dismiss a Fraser Institute report that slams government-run auto insurance schemes as, according to the study’s author, “among the worst performers within almost all measures of market quality, including cost and affordability.”In an interview on CKNW AM980, ICBC representative Doug McClelland denied the study’s claim that B.C. premiums […]
By Canadian Underwriter | October 11, 2006
The Canadian Cystic Fibrosis Foundation (CCFF) and CARSTAR Collision Repair Centres are teaming up to make Halloween safer and at the same time help fund cutting-edge cystic fibrosis (CF) research and care. Cathleen Morrison, CEO of the CCFF, recommends that parents get their children a FrightLite glow stick. Not only will a FrightLite protect children […]
By Canadian Underwriter | October 10, 2006
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