Industry
Archway Insurance has entered 2014 with several new acquisitions in Halifax. Effective Jan. 3, the Amherst, N.S.-based brokerage purchased MacLaren Hebb and Faulkner Insurance, both of Halifax. Archway had previously announced the purchase of Basin Insurance, also of Halifax, effective Jan. 1. “We are thrilled to be adding the MacLaren Hebb and Faulkner offices to […]
By Canadian Underwriter | January 7, 2014
2 min read
France’s AXA S.A. remained at the top of the list of global insurers in terms of net premiums written in 2012, based on figures released Monday by rating agency A.M. Best. AXA, with $106.4 billion in net premiums written, was followed by UnitedHealth Group Inc., which ranked No. 2 in 2011 as well as 2012. […]
By Canadian Underwriter | January 6, 2014
1 min read
Western Financial Group Inc. announced Monday it has acquired full ownership of Cranbrook, British Columbia-based brokers Falkins Insurance Group Ltd. Falkins has 11 offices in southeastern B.C. The brokerage sells personal, travel, auto, and commercial insurance and operates its own claims service. High River, Alta.-based Western Financial first announced in 2005 it had acquired a […]
ST. JOHN’S, N.L. – Thousands of people in Newfoundland continue to be without power as the island enters its fourth day of rolling blackouts to conserve energy and crews work to restore electricity. All schools throughout the island, including Memorial University and the College of the North Atlantic, have been shut down until Wednesday as […]
By The Canadian Press | January 6, 2014
TORONTO – The first Monday of 2014 brings more dangerous wind chill readings to the Prairies while other parts of Canada face a miserable mix of freezing rain, high winds and hazardous driving conditions. Dangerous wind chills of -50 C blanketed much of Saskatchewan and Manitoba on Sunday, with similar readings expected to prevail this […]
3 min read
RIMS announced Thursday that Carolyn M. Snow will lead the society as president for the 2014 term. Her position became effective Jan. 1. Snow is the director of risk management for Humana Inc. and has been a member of RIMS for 14 years. She has also been on its board of directors for seven years. Previously, […]
By Canadian Underwriter | January 2, 2014
Severe weather - be it wind, rain or hail - will again be a focus in 2014. Will related claims make for a wild ride, leaving adjusters and insurers bruised, but not out, like during a tumultuous 2013? Or will calmer conditions prevail, allowing insurance partners to hang tight and get themselves prepared for the next rough year?
By Angela Stelmakowich, Editor | December 31, 2013
13 min read
Canada's insurance industry has a hidden retention issue and employers should expect some challenges. Although progress has been made to meet the industry's changing demographics and retirements to date, the impact of upcoming retirements looms, demanding steps be taken to support smooth transitions.
By Margaret Parent, Director, Professionals' Division, Insurance Institute of Canada | December 31, 2013
5 min read
Keal Technology announced Thursday that it is now CSIO eDocs certified. The company’s broker management system, sigXP, now has certification from the Centre for Study of Insurance Operations, meaning its solution can be applied to all insurance companies who follow CSIO XML standards for eDocs across Canada. The eDocs process from Keal automatically attached a […]
By Canadian Underwriter | December 19, 2013
The Centre for Study of Insurance Operations (CSIO) has released an advisory report that reviews Canadian laws on electronic signatures and gives advice on how to implement such systems. “Electronic commerce legislation does not oblige anyone to use electronic means to conduct business,” according to the report, prepared by Fasken Martineau DuMoulin LLP and commissioned […]
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