Industry
American International Group Inc. recently hired Anastasia D. Kelly as its new executive vice-president, general counsel and senior regulatory and compliance officer. Kelly most recently served as executive vp and general counsel at MCI/WorldCom. Previously, she was the senior vp and general counsel of Sears, Roebuck & Co. Munters Moisture Control Services (MCS), a division […]
By Canadian Underwriter | September 8, 2006
1 min read
In a survey conducted by US-based Flasphler Research Group, Hannover Re came out as the best overall reinsurer for the second time in succession. In addition the survey says the company’s standing showed further appreciable improvement in the assessment of the participating brokers, 63.1% chose Hannover Re as the best reinsurer on the North American […]
By Canadian Underwriter | September 7, 2006
2 min read
New Brunswick’s election campaign is heating up, with calls by Liberal candidates for the insurance industry to come up with ways to reduce auto rates or face a public auto insurance system.According to a report by Canadian Press (CP), Greg Byrne, a Liberal candidate running in Fredericton for the Sept. 18 election, said motorists in […]
By Canadian Underwriter | September 6, 2006
The Property & Casualty insurance industry can look forward to another year of overall industry underwriting profit in 2006, which a Conning Research and Consulting Inc. forecast report says will match the results of 2004. “Analysis of 2005 results for the industry shows a remarkable consistency in profitability by line of business, aside from the […]
CARSTAR Automotive Canada has opened a new location in Nova Scotia. CARSTAR announced it has welcomed MacKay’s CARSTAR Collision to its network of collision repair centres. The new location, which opened in August, joins a network of over 110 CARSTAR locations in 10 provinces across the country.Franchise owner Tim MacKay has been operating a successful […]
By Canadian Underwriter | September 5, 2006
Crawford & Company (NYSE: CRDA; CRDB), an independent provider of claims management solutions, and MJM Investigations Inc. recently formed a global strategic alliance.MJM will become Crawford’s preferred provider for services including: insurance fraud mitigation and claims services as well as surveillance and fire and forensic investigations. MJM provides global coverage, with clients throughout North and […]
By Canadian Underwriter | September 1, 2006
The Women in Insurance Cancer Crusade (WICC) Ontario Chapter, teed up for its 7th Annual golf tournament at Angus Glen Golf Club in July, to raise funds for research and education in the fight against cancer. This year’s ‘Tin Cup’ themed tournament drew the largest field ever, with 256 golfers taking to both the south […]
August 31, 2006
Royal & SunAlliance Insurance Group plc has acquired Ireland’s EGI Holdings Ltd. for 25.2 million (US$32.4 million), payable in cash. “EGI is a well established business with strong positions in a number of specialty lines,” a Royal & SunAlliance press release said . “In 2005, it delivered a profit before tax of 7 million (US$8.98 […]
During his fourthcoming term, IBAC incoming president Larry Kozakevich of Saskatchewan may see a unique opportunity to close the Bank Act review file -- and toast the victorious efforts of Canada's independent brokers
By David Gambrill | August 31, 2006
6 min read
IBC investigators say auto theft, once considered a teenage prank, has mutated into an organized and dangerous business
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