Industry
Giffin Koerth is welcoming three new people into the fold: Francis Loh, Gary Cheung and Peter Speight.Loh is joining Giffin Koerth’s casualty group. He has a Masters of Applied Science degree in Systems Design Engineering from the University of Waterloo and joins Giffin Koerth with four years of relevant experience.Cheung will be joining the firm’s […]
By Canadian Underwriter | December 5, 2011
1 min read
A city team in Calgary is collecting information to better understand why three buildings in the city’s downtown core saw parts of their office tower launched to the ground in a windstorm recently, according to The Calgary Herald.The windstorm blew through Southern Alberta on Nov. 27, forcing the evacuation of Calgary’s downtown core. Winds were […]
By Canadian Underwriter | December 2, 2011
Nearly half of all property renewals in the United States experienced rate increases in the fourth quarter to date, according to Marsh’s Global Benchmarking Portal.Twenty-nine per cent of clients renewed with increases between 1% and 10%. Nineteen per cent received increases above 11% at renewal.Additionally, 18% of all renewals in the fourth quarter (to date) […]
CSL Global has opened a new business operation in Canada.CSL Global (Canada) Ltd will initially operate from key offices in Toronto and Vancouver, led by Captain John Hosty, effective Jan.1, 2012.Other key members of the team include Andrew Rayner, Philip Vardon and Ken Rayner, based in Toronto, and Kaivan Chinoy in Vancouver.CSL Global (Canada) Ltd […]
After more than nine weeks of ideas submissions and voting, 90 entries have been selected as Aviva Community Fund semi-finalists. More than 1,500 ideas were submitted and more than 1.5-million votes were cast. The competition is offering $1 million in donations to lead, empower and support community initiatives across the country. Between Dec. 5 and […]
The first catastrophe bonds issued to cover severe thunderstorms alone have been triggered, resulting in total losses for investors, A.M. Best reported.Asha Attoh-Okine, managing senior financial analyst of insurance-linked securities for A.M. Best Co., told BestWeek the poor result clouds the fate of similar transactions in the future.Two cat bonds issued under Mariah Re Ltd. […]
By Canadian Underwriter | December 1, 2011
FirstOnSite Restoration has opened a permanent branch in Edmonton, Alberta, after working there for the past few months following the Slave Lake fires.The restoration firm also opened a branch in Medicine Hat, Alberta earlier this year to continue to meet the needs in the province. Dan Hislop will head the Edmonton branch. He has been […]
Hollywood actor James Woods was on hand to help CARSTAR Automotive Canada Inc. celebrate the grand opening of its 16,000-square-foot new head office in Hamilton.Following the grand opening, the company hosted more than 600 guests at a casino-themed event in support of Cystic Fibrosis Canada (CFC). Sam Mercanti, CARSTAR’s president and CEO, with the help […]
Canadian Market Auto loss ratios improve in 2011 Q3, but property lines loss ratios deteriorate Automobile personal accident lines showed a huge improvement in 2011 Q3 compared to the same period last year, according to figures released by the Office of the Superintendent of Financial Institutions (OSFI). During 2010 Q3, Canadian insurers automobile private passenger […]
November 30, 2011
5 min read
Nova Scotia's auto insurance reforms appropriately focus on making sure collision victims get the timely treatment they need. One pitfall for insurers is a one-year gap between increased benefits and the introduction of new treatment protocols.
By Bill Adams, Vice President, Atlantic, Insurance Bureau of Canada | November 30, 2011
3 min read
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