Industry
After 34 years in the insurance industry, Peter Parkin, the chief operating officer of Sovereign General Insurance Company’s Calgary operations, has announced his intention to retire as of February 28, 2007.Parkin has served at Sovereign for the past 13 years of his career, five of them as the company’s chief operating officer. Parkin said the […]
By Canadian Underwriter | May 30, 2006
2 min read
Desjardins Financial Security has begun its year on a strong note reporting a net income of CD$30.4 million for the first quarter of 2006, compared to CD$31.9 million for the same period last year. These results, according to Desjardins, are “very good” in light of the deterioration in long-term disability claims the Company experienced during […]
The CUMIS Group Ltd., recently appointed Kenneth W. Lalonde as president and CEO for the CUMIS Group of Companies, and venture manager of the Credit Union Insurance Services (CUIS) program, effective June 5, 2006. Lalonde offers experience as an executive in the financialservices industry. Most recently, Lalonde held theposition of executive vice president of branch […]
By Canadian Underwriter | May 29, 2006
1 min read
Aeroplan (TSX:AER.UN) and ING Canada Inc. (TSX:IIC.LV) have agreed to offer Aeroplan members the opportunity to earn Aeroplan Miles on certain insurance products offered by ING Canada’s insurance subsidiaries. Aeroplan members will be able to take advantage of this new partnership starting in September 2006. Full details of the member offer will be announced when […]
The Canadian Insurance Congress, scheduled for Charlottetown, Prince Edward Island on June 25-27, 2006, has been cancelled.Don Smith, the Congress organizer, announced the decision as a result of registration response. “I could not possibly ask our speakers to come all the way to P.E.I. to address a near empty room,” Smith said.Speakers at the conference […]
By Canadian Underwriter | May 26, 2006
Crawford Adjusters Canada plans to conduct a pilot project utilizing SMART Insurance Technology, a portal managed by CGI Insurance Business Services. Crawford’s proprietary CMS Claims Management System will interface with the SMART portal to automate and streamline the communication process between claims adjusters and other participants on a claim. Crawford will be evaluating the portal’s […]
By Canadian Underwriter | May 25, 2006
Taking aim at statistics that show eight out of 10 child car seats are improperly installed, The Co-operators has partnered with the Infant & Toddler Safety Association (ITSA) to bring a series of free car seat clinics to a number of communities throughout Canada. ITSA is a volunteer-run registered charity. Established in 1980, it has […]
By Canadian Underwriter | May 23, 2006
ACE Ltd. (NYSE:ACE) recently elected Mary A. Cirillo to its Board of Directors. Cirillo has served as an advisor to Hudson Venture Partners, a New York venture capital firm, since 2003 and as chairman of OPCENTER, a network operations services firm, from 2000-2004. Cirillo has more than 25 years of financial services experience including CEO […]
By Canadian Underwriter | May 19, 2006
The U.S. Securities and Exchange Commission intends to enact a series of actions to improve the implementation of certain internal control requirements of the Sarbanes-Oxley (SOX) Act. These actions include issuing SEC guidance for companies and working with the Public Company Accounting Oversight Board (PCAOB) on revisions of its internal control auditing standard. “The steps […]
By Canadian Underwriter | May 18, 2006
Reiterating its commitment to Canadian insurance brokers, ING Insurance Canada has increased its involvement in the Insurance Brokers Association of Canada (IBAC) Broker Identity Program to Full Partner status. Under the terms of this new status ING will provide more than double its financial support for the Broker Identity Program. “This increased level of support […]
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