Industry
The Co-operators General Insurance Company announced Wednesday that its wholly-owned subsidiary has purchased Bill Hartley Insurance Services Ltd. in Victoria, B.C. a brokerage offering home, auto, farm and commercial insurance policies. Brokerage founder Bill Hartley began his insurance career in 1950 as an agent for a predecessor of Co-operators Life Insurance Company. Clients’ existing insurance coverage […]
By Canadian Underwriter | January 7, 2015
1 min read
New capital inflows, excess capacity and lower catastrophe losses are driving competition and innovation across the reinsurance industry, which saw pricing fall in many segments at Jan. 1 renewals, notes a new report issued Wednesday by Guy Carpenter & Company, LLC. Guy Carpenter’s 2015 global renewals report, Shaping the Future: Positive Results, Excess Capital and […]
4 min read
The Insurance Institute for Highway Safety recently released the list of 2015 vehicles awarded Top Safety Pick and Top Safety Pick+ ratings by IIHS. A total of 33 vehicles were awarded Top Safety Pick+ and 38 were awarded Top Safety Pick. New for 2015 models, the Top Safety Pick+ designation requires a “front crash prevention […]
By Canadian Underwriter | January 6, 2015
2 min read
Classic vehicle insurer Hagerty has appointed Richard Hutchinson as its new president, effective Jan. 5, 2015. Hutchinson joins the Michigan-based company from the Progressive Corp., where he held several leadership positions during his 29-year tenure there. As Hagerty’s president, Hutchinson will oversee the company’s sales force, product design, underwriting and claims, marketing operations and strategic […]
Desjardins Group’s purchase of State Farm Canada’s businesses in property and casualty and life insurance, as well as its Canadian mutual fund, loan and living benefits companies, officially closed Jan. 1. Desjardins Group has become, through the acquistion, the second largest P&C insurance provider in Canada with annual gross written premiums increasing from more than […]
By Canadian Underwriter | January 5, 2015
Multi-line brokerage RRJ Insurance Group has purchased Kitchener, Ont.-based Bernhardt Insurance Service in a deal that was effective Dec. 1, 2014. Bernhardt, which was established in 1937 and offers personal and commercial products, will now operate under the Pioneer Insurance Brokers name and operate out of Pioneer’s location in Kitchener. “We are delighted with this […]
Insurers CNA announced Monday that it has begun offering specialty products in Canada effective Jan. 1 through its Specialty Lines business. The $2.9 billion division offers professional and management liability, financial and other specialized property and casualty products. “This announcement represents our overall strategy to serve the unique and expanding needs of multinational customers. By […]
RIMS, the risk management society, announced Monday that Rick Roberts will be president of the organization for the 2015 term, effective Jan. 1. Roberts is the director of risk management and employee benefits for Ensign-Bickford Industries, Inc. He has been a member of RIMS for 25 years and on its board of directors for seven. […]
Insurance and reinsurance broker Willis Group Holdings plc reports that reshaping of the global reinsurance market is now reality, citing relentless rate reductions, low investment returns and the continued influx of alternative capital. Long-rumoured mergers and acquisitions (M&A) activity “is now reality, with some companies recognizing that any further delay is only likely to see […]
Alf Strudwick, now president of the Ontario Insurance Adjusters Association, believed in the organization's value when his insurance career began 49 years ago and still does.
By Greg Meckbach, Associate Editor|Greg Meckbach, Associate Editor | December 31, 2014
5 min read
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