Industry
Manitoba Public Insurance (MPI) requested no overall insurance rate increase for 2013-14 in its general rate application filed with the Public Utilities Board (PUB) on June 14. “Today’s rate application confirms the strength of the public auto insurance system,” MPI president and CEO Marilyn McLaren said. “Our record is unmatched anywhere in Canada and demonstrates […]
By Canadian Underwriter | June 18, 2012
2 min read
Commercial insurance pricing in the United States increased by an average of 5% in 2012 Q1 over the same period last year, noted Tower Watson consulting. This represented the fifth consecutive quarter that prices rose for all standard commercial lines, according to the professional services company’s Commercial Lines Insurance Pricing Survey (CLIPS). In addition, Towers […]
By Canadian Underwriter | June 15, 2012
1 min read
Rising insurance premiums and a focus on specialty risk advisory services will spur growth for the world’s largest insurance brokerages, according to a recent analysis by Moody’s Investors Services. The outlook for the global insurance brokerage sector “is stable, reflecting the brokers’ steady performance through shifting economic and market conditions,” Moody’s noted in its Insurance […]
Economical Insurance launched a refreshed brand at its annual general meeting on June 15, featuring an uncomplicated, cleaner, three-dot logo and a new tagline — “good to know.” “We’re good to know for an individual, family or business seeking financial security, and we’re good to know for a broker in need of a strong, stable, […]
Alister Campbell has been appointed CEO of The Guarantee Company of North America, effective early September. Campbell made the news public on his LinkedIn page. Most recently, he was president and CEO of Zurich Insurance’s Canadian operations. “Happy to announce that I will be assuming a new position as CEO of a wonderful Canadian insurance […]
Quebec’s regulatory and oversight body for the financial sector points to a favourable trend continuing despite automobile insurers achieving lower profits on premiums written in 2011 than in 2010. Despite lower profits, insurers are maintaining results that exceed historical returns generally expected by insurers, since claim frequency remains relatively low notwithstanding the increase observed in […]
By Canadian Underwriter | June 14, 2012
Brokers transferring business to Aviva Canada can now use a software platform from iter8 designed to reduce time and effort. The communic8 service will allow a broker management system to identify policies for upload, which are then transported to Aviva via the Centre for Study of Insurance Operations (CSIO). Iter8 software collects the information and […]
CORRECTION: Canadian Underwriter incorrectly identified Pat Van Bakel as the company’s CEO in the original version of this story. Pat Van Bakel is the company’s chief operating officer. The error is corrected below and Canadian Underwriter apologizes for the error. Crawford & Company (Canada) Inc. has announced the promotion of three current officers in a […]
Manitoba Public Insurance (MPI) will open a special hail claim centre tomorrow in the wake of Winnipeg being pummelled by ice pellets on June 9. The centre will be dedicated to “hail only” estimating for individuals whose vehicles sustained damage as a result of the storm over the recent weekend. As of June 12, MPI […]
By Canadian Underwriter | June 13, 2012
Disaster Kleenup Canada (DKC) has appointed Ken Tucker as its CEO and Ken Zardo as vice president of sales and marketing. The company says the new leadership represents the company coming around “full circle.” “There is not a more appropriate person to lead DKC than Ken Tucker,” the company says in a press release. “With […]
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