Industry
A.M. Best Co. has confirmed the financial strength ratings of A (Excellent) and issuer credit ratings (ICR) of “a+” of Aviva Insurance Company of Canada and its affiliates. The ratings remain under review in light of the recent executive changes at the parent company, Aviva plc (United Kingdom). Aviva Canada subsidiaries captured by A.M. Best’s […]
By Canadian Underwriter | June 6, 2012
2 min read
The Insurance Corporation of British Columbia (ICBC) is getting social about gathering customer and stakeholder feedback on how it sets basic insurance coverage. Twitter was employed from 11:30 am to 2 pm on June 6 to allow the public to offer input as part of ICBC’s six-week consultation. David Clancy, a director in the ICBC’s […]
1 min read
RSA Canada has agreed to acquire L’Union Canadienne, a Quebec-based intermediated P&C insurer, from its parent company Co-operators General Insurance Company (CGIC) for $150 million, pending regulatory approval, and other standard closing adjustments and conditions. “This is an exciting day for RSA and L’Union Canadienne,” said RSA Canada president and CEO Rowan Saunders. “The deal […]
The Financial Services Commission of Ontario (FSCO) is telling consumers to be on the alert for a mail scam that is using the Aviva Canada logo, address and name. Designed to look like they have come from a law firm in Spain, the letters ask recipients to contact the author for more details. The letters […]
By Canadian Underwriter | June 5, 2012
Desjardins General Insurance Group’s loss ratio of 63.6% in 2012 Q1 was 2.3% lower than the first three months of 2011, largely the result of oft-cited favourable weather conditions and continued improvement in Ontario’s auto insurance market. “With the Ontario auto reforms continuing to show positive results, we are now further expanding our marketing efforts […]
Broker management software provider Applied Systems Inc. has acquired Compu-Quote Inc., a Canadian provider of comparative insurance rating solutions. Applied Systems announced the sale on June 5 after closing the deal on June 1. Terms of the agreement were not disclosed. Compu-Quote and Applied Systems Canada will ultimately be integrated into a single entity, Applied […]
Nearly one-quarter of B.C. house owners rent out a portion of their home to non-family members, including basement suites in the residence and garages converted to “coach houses,” notes new research conducted by Square One Insurance. Square One surveyed 850 B.C. homeowners over a period of eight months, with almost 25% reporting that they rented […]
By Canadian Underwriter | June 4, 2012
Ford Motor Company is working with State Farm Insurance to use built-in vehicle technology, allowing joint customers to qualify for auto insurance discounts. In related news, RSA said it will provide underwriting capacity to ingenie, a telematics technology firm that offers in-car devices and auto insurance to young drivers aged 17 to 25 in the […]
CANADIAN MARKET Applied Systems acquires Compu-Quote Broker management software provider Applied Systems Inc. has acquired Compu-Quote Inc., a Canadian provider of comparative insurance rating solutions. Applied Systems announced the sale on June 5 after closing the deal on June 1. Terms of the agreement were not disclosed. Compu-Quote and Applied Systems Canada will ultimately be […]
June 1, 2012
4 min read
Single Sign On promises to eliminate the need for staff to remember multiple passwords and ID names to access multiple applications and network resources.
By Ken Metcalfe, Director, I.T., Portage Mutual Insurance | June 1, 2012
5 min read
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