Industry
A 4.0-magnitude earthquake that occurred in Maine on Tuesday evening was felt throughout southern New England, including in Boston, and was “lightly felt” as far as Sherbrooke, Que. according to Earthquakes Canada. The earthquake, which hit just just after 7 p.m EDT was centered close to Hollis Center, west of Portland, Maine’s largest city. It […]
By Canadian Underwriter | October 16, 2012
1 min read
Aviva Canada has appointed Martin-Eric Tremblay as senior vice president for Quebec and Atlantic Canada as of Nov. 1. Tremblay has worked in the insurance industry for 30 years and has management and executive experience in marketing, underwriting, operations and actuarial. Most recently, he was executive vice president of national P&C products and president of […]
More than two-thirds of British Columbia respondents to a survey reported they do not have an emergency plan, while the Insurance Bureau of Canada is the presenting sponsor of an earthquake drill, dubbed ShakeOutBC, scheduled Thursday in the province. In a press release, IBC noted that 60% of respondents to an online survey, conducted by […]
By Canadian Underwriter | October 15, 2012
2 min read
Economical Insurance of Waterloo, Ont. announced Monday the sale of the principal operating assets of Seattle-based Mattei Insurance Services Inc. The sale, to Alteris Insurance Services Inc., is aligned with Economical’s “ongoing preparations for demutualization,” chief financial officer Philip Mather stated in a press release. Economical previously reported it is analyzing market conditions for a […]
Economical Insurance of Waterloo, Ont. has added the Insurance on Demand web service to its corporate website but the Insurance Brokers Association of Ontario (IBAO) says it is opposed to company portals and company mobile apps. IOD was originally announced in 2010 and allows users to manage their insurance online on brokers’ websites. The addition […]
Auto repair company CARSTAR has renewed its first ever franchise relationships for another 20 years, the Hamilton, Ont.-based company announced Oct. 12. During the 1980s, both Domenic Lucarelli and Sam Saputo were employees of CARSTAR president and CEO Sam Mercanti, who recognized their talent for the industry. In June 1992, the two opened the company’s […]
Software vendor Policy Works Inc.’s iPad application, Policy Works Producer, is now available for download from Apple’s App Store. The app, released selectively in March, is designed for “commercial lines insurance producers working in the field,” according to the company, whose software system is meant to automate brokers’ workflow and make certain tasks, such as […]
Fairfax Financial Holdings Ltd. of Toronto announced Friday its RiverStone runoff subsidiary has completed the acquisition of London-based Brit Insurance Ltd. Last June, Manchester, N.H.-based RiverStone reached an agreement to purchase all outstanding shares of Brit from Brit Group. At the time, the purchase price was expected to be about $300 million. Through its subsidiaries, […]
By Canadian Underwriter | October 12, 2012
Crawford and Company Canada has launched its Contractor Connection repair network service for its United Kingdom-based R J Kiln and Co. Ltd. business, effective Nov. 1. Contractor Connection is a managed repair vendor network available to insurers for residential and property claims programs. It includes services such as contract administration, repairs, estimate reviews and water […]
Insurance buyers will face a “complex marketplace” in 2013, with property and casualty rates mainly flat or decreasing with a few exceptions, predicts a new report from global insurance broker Willis Group Holdings. This year has been one of recovery for the P&C industry, following major losses in 2011, says Marketplace Realities 2013, published as […]
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