Industry
Nearly half (46%) of 38 North American insurers and reinsurers surveyed by Towers Watson, a global professional services company, say they plan on being more aggressive in their respective investment strategies over the next year.Additionally, insurance executives participating in the May/June online survey asserted that low interest rates (83%) represent the greatest investment challenge; and […]
By Canadian Underwriter | July 22, 2011
2 min read
Demanding consumer expectations and an increasingly litigious society mean liability insurance has become a must for yoga instructors, Lloyd’s of London has cautioned. While yoga is a relatively low-risk activity, the biggest risk factor for an instructor is if they fail to recognize that a student has some pre-existing health condition, such as back pain, […]
1 min read
Standard & Poor’s has placed its long-term counterparty credit and financial strength ratings and related issue ratings on all ‘AAA’-rated U.S. insurance groups on CreditWatch with negative implications.The short-term ratings on the insurance companies remain unchanged. The CreditWatch on the insurers follow S&P’s placement of a CreditWatch on the long-term and short-term sovereign credit ratings […]
Omega General Insurance Company is celebrating the conclusion of its tenth assumption reinsurance transaction in Canada.”The [Omega] board would like to congratulate management and staff at Omega General for this significant achievement, which validates the company’s goal of providing a viable exit strategy for insurers and reinsurers wishing to leave the Canadian market,” the company […]
By Canadian Underwriter | July 21, 2011
LAWPRO, the legal malpractice insurer for Ontario lawyers, has made a number of appointments in its two claims departments. In its specialty claims area, effective Sept. 1, 2011, Simon Bernstein will become vice president of specialty claims, which is responsible for handling, among other things, TitlePLUS and excess insurance claims and claims involving coverage issues. […]
Overall Canadian market conditions remain favourable across most commercial lines through the end of the 2011 Q2, but signs of a firming market are beginning to appear in segments of the marketplace, according to Marsh. In its Canadian Insurance Market Midyear Update, Marsh examined data from transactions brokered by Marsh through early July 2011. The […]
Applied Systems Client Network is accepting registration for its annual Technology, Education and Networking Conference (TENCon) in 2011.The conference features education and training for principals, accountants, CSRs and IT staff in businesses using Applied Systems insurance agency and broker management solutions. The 26th annual TENCon takes place Sept. 20-23 at the Gaylord Palms Hotel & […]
Craig Wilkinson has been appointed principal of MEA Forensic Engineers & Scientists. Wilkinson joined MEA in 1999 and is based in its Toronto office. His practice includes investigations of automobile collisions, event data recorders, pedestrian collisions and night time visibility. He is also actively involved in the research performed by MEA Forensic and has published […]
Mike Alwyn has been promoted to assistant vice president of the commercial risk division (CRD) at Cunningham Lindsey Canada Claims Services Ltd. Prior to the appointment, Alwyn served as director of the CRD unit in addition to overseeing several Toronto area offices. With the promotion, his branch duties will be reallocated to surrounding Ontario regional […]
Wet conditions this spring in Manitoba and Saskatchewan have resulted in many more farmers making crop insurance claims for their unseeded crops.Citing government sources, Commodity News Service Canada reports a total of 2.9 million acres went unseeded in Manitoba, leading to a record number of claims this year. Last year, only 600,000 of acres were […]
By Canadian Underwriter | July 20, 2011
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