Industry
Twenty-nine per cent of Canadians incorrectly believe driving red cars will result in more expensive insurance premiums, while 54% believe two-door cars are more expensive to insure, according to a recent TD Insurance survey.Part II of the TD Insurance 2011 State of Insurance Report delves into these and other popular myths about insurance products. A […]
By Canadian Underwriter | August 9, 2011
2 min read
Registered Insurance Brokers of Ontario (RIBO) says it has fielded a number of calls from people who have received information or purchased auto insurance from Capital Insurance Company.”Capital Insurance Company is not licensed to write insurance in Ontario,” RIBO says in an online bulletin. “Individuals are directed to sign up for insurance online and to […]
1 min read
The Wawanesa Mutual Insurance Company and Guidewire Software have announced that Wawanesa is in production with Guidewire ClaimCenter, a Web-based claims system built specifically for the property and casualty industry. Wawanesa announced it is deploying ClaimCenter to manage claims for all its lines of business across its Canadian and U.S. jurisdictions in a phased implementation […]
Wildfire losses in Slave Lake, Alberta have prompted Marshall & Swift/Boeckh (MSB) to launch a major review of reconstruction costs compared to insured values.MSB, a supplier of local building cost information and analytics, is working on the review in partnership with The Co-operators Insurance Company and the Alberta Motor Association (AMA). Both The Co-Operators and […]
By Canadian Underwriter | August 8, 2011
Joel McQuilkin has been appointed director of specialty services-transportation fleet services at Cunningham Lindsey Canada Claims Services Ltd. (Cunningham Lindsey).McQuilkin will be responsible for providing leadership to the national network of transportation fleet specialists across Canada. He will concentrate on increasing the division’s presence within the Canadian marketplace and the claims handling of these specialized […]
Economical Mutual Insurance Company has appointed Philip Mather as senior vice president and chief financial officer, effective Oct. 1, 2011. Mather is currently a partner in the audit and assurance group of PricewaterhouseCoopers LLP, specializing in the financial services practice. Mather has more than 16 years of financial consulting experience. He has provided audit and […]
McLarens Canada has been renamed Granite Claims Solutions.McLarens Canada began 35 years ago in Toronto as Ponton Coleshill InsuranceAdjusters. Since then, the company has grown to over 500 employees and provides claims services across Canada from almost 50 branch offices. “Our new name provides an opportunity to position ourselves as Canada’s leading independent adjusting firm,” […]
By Canadian Underwriter | August 5, 2011
Intact Financial Corporation (TSX: IFC) has reported a net operating income for 2011 Q2 of $95 million, down $24 million from the same quarter of last year. The decrease reflects after-tax losses of $92 million due to the Slave Lake wildfires and the numerous rain and windstorms that prevailed during the spring months. “The catastrophic […]
By Canadian Underwriter | August 4, 2011
RSA Canada has reported a 20% increase in its net written premiums and underwriting profit in the first half of 2011, compared to its half-year results last year.The company’s combined operating ratio (COR) was 92.1% in the first half of 2011.RSA reported net written premiums of $1.1 billion, up 20% from $917 million last year. […]
Aviva plc reported a total operating profit of £1.3 billion (approximately Cdn$2.1 billion), up 5% from last year’s six-month operating profit of £1.2 billion (Cdn$1.9 billion). The total is up 13% excluding impact of an £84-million special distribution benefit in 2010.Overall, the group reported a 96% group combined operating ratio (COR), beating a target COR […]
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