Industry
Mario Albert is officially president and CEO of the Autorité des marchés financiers.In January, he took on the role on an interim basis following the departure of Jean St-Gelais.Albert joined AMF in 2008 as superintendent of distribution. Two years later, he assumed responsibility for the agency’s institutional affairs, including communications, research and strategic monitoring. Beginning […]
By Canadian Underwriter | February 18, 2011
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Chubb Insurance Company of Canada has selected the Women in Insurance Cancer Crusade (WICC) as its chosen charity for national sponsorship.Chubb’s support for WICC endorses WICC’s work in raising funds and awareness for the Canadian Cancer Society.Chubb is WICC’s newest national sponsor at the platinum level, representing a commitment of $45,000 over three years.This is […]
Governments and regulatory bodies should focus on insurers undertaking non-core activities that have the potential to pose systemic risk rather than over-regulating all insurers, says the Geneva Association, an international insurance think tank. In an open letter to the finance ministers and bank governors of the G-20, the Geneva Association reiterated its position that core […]
By Canadian Underwriter | February 17, 2011
Co-operators General Insurance Company reported a net income of $53.9 million in 2010 Q4, marking a decrease from $82.6 million in 2009 Q4.On an annual basis, the insurer reported an increase in profit to $80.7 million in 2010 from $74 million in 2009.”Our earnings [in 2010] were positively impacted by favourable auto insurance results outside […]
The New Brunswick Insurance Board is asking all insurers writing commercial automobile insurance policies in New Brunswick to review their book of business for any possible instances in which deductibles may have been offered on Direct Compensation-Property Damage (DCPD) coverage to commercial customers, which is not authorized by regulation.Insurers have been asked to report any […]
Criminal record checks required as part of the certification process for new Alberta agents or adjusters can now be done online.”As part of the application process for certification as an agent or adjuster, the Alberta Insurance Council has partnered with BackCheck, Canada’s leading provider of background checks to perform the criminal record check portion,” the […]
Terrorism risk insurance is available and affordable in the United States, but demand remains flat even as the danger of an act of terror may be at its highest level since Sept. 11, 2001, according to the latest issue of BestWeek U.S./Canada.Overall capacity of insurance provided by the private market has increased since 2006 and […]
Pembridge Insurance Company and Brovada Technologies have launched ‘Broker Connectivity Upload,’ the second-phase of a joint venture offering real-time transactions aimed at improved broker workflows. Broker Connectivity Upload allows brokers to begin and end a new business transaction in their own broker management system, eliminating the need for the use of a portal. In November […]
By Canadian Underwriter | February 16, 2011
Manitoba Public Insurance (MPI) has partnered with the Manitoba School Board Association and Teens Against Drinking and Driving to launch a speaker series aimed at enlightening teens about the physical devastation and emotional trauma caused by impaired driving.The ‘Friends for Life’ Speaker Series will tour more than 30 schools across Manitoba during the month of […]
Willis North America has appointed Jeff Elliott as director of operations, a newly created position. Elliott’s role will be to refine Willis North America’s target operating model and oversee its major technology initiatives. In addition, he will develop standards and policies to ensure Willis delivers high quality services to its clients. Prior to joining Willis, […]
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