Industry
Seventy Ontario young brokers attended the 7th Annual IBAO Young Brokers Council (YBC) Conference held in Niagara Falls on June 10, 2011. Speakers at the conference included Intact Insurance president Louis Gagnon, who spoke about the impact of Intact’s acquisition of AXA Canada on brokers. The Economical president Katherine Mabe (who has since been succeeded […]
July 31, 2011
1 min read
The Sault Ste Marie Brokers Convention was held on June 15 in Sault Ste Marie, Ontario. Industry exhibitors met with attending brokers throughout the trade show portion of the event. (Photos courtesy of Monica Dale of Dawson & Keenan Insurance Brokers and Pam de Boer of Paul Davis Systems of Canada.)
The Ontario chapter of the Canadian Insurance Claims Managers Association (CICMA) held its annual golf tournament at the Cardinal Golf Course in Newmarket, Ontario on June 24. This year, 296 golfers participated in the event, raising a total of $26,000 for Camp Oochigeas. The Ontario chapter of the CICMA has been supporting Camp Oochigeas for […]
Co-operators General Insurance Company (Co-operators General) has thus far settled about 62% of 800 claims it has received related to the Slave Lake, Alberta wildfires.”After-tax losses from the Slave Lake event totaled approximately $31 million net of reinsurance,” said Kathy Bardswick, president and CEO of The Co-operators, in a press release announcing the company’s 2011 […]
By Canadian Underwriter | July 29, 2011
Lloyd’s has received approval from the New York Insurance Department to post reduced collateral on reinsurance contracts.Lloyd’s is approved as a Secure-3 reinsurer, meaning its collateral requirements will be reduced from 100% to 20%, a Lloyd’s release says.”Foreign insurers play an important part in supporting the U.S. insurance industry and the steps taken by some […]
The ‘lone offender’ attack poses one of the greatest terrorist threats to Western countries, RMS reported.RMS describes a lone offender as “a single individual driven to hateful attacks based on a particular set of beliefs without a larger group’s knowledge or support” in its RMS News.The article is in response to the July 22, 2011 […]
Dean Grigoruk has been appointed CNA Canada’s assistant vice president, branch manager, Montreal. Grigoruk joins CNA from AXA Assurances, where he had responsibility for leading a team of commercial lines underwriters for AXA’s larger mid-market division. He has close to 20 years of experience in the industry, with demonstrated success in driving business growth, creating […]
Alberta’s Automobile Insurance Rate Board (AIRB) has decided to maintain premiums at 2010 levels for mandatory automobile insurance.The decision not to increase rates was based on input from Albertans, the board’s consumer representative, the board’s actuary and insurers during an open meeting held in June, AIRB said in a press release. “Holding rates to 2010 […]
By Canadian Underwriter | July 28, 2011
Jennifer Tims has been named branch manager of operations for Crawford & Company (Canada) Inc. on Vancouver Island. She will assume the role immediately. Tims has been with Crawford for more than 10 years, previously working with the company’s Edmonton claims operation. Michael McLeod has been promoted to branch manager of the company’s Toronto West […]
The Co-operators has donated $236,150 to 156 community organizations throughout Canada.The contributions are part of the organization’s Directed Donations program.In this program, individual staff members direct $75 of corporate funds – directors and delegates direct $125 – to the organization of their choice.”This popular program allows employees to be directly involved from start to finish, […]
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