Industry
Industrial Alliance Insurance and Financial Services Inc. has signed an agreement to acquire through its affiliated companies the operations of Protection V.A.G. Inc., Communications & Références Multi Assurance Direct inc. (MAD) and Produits récréatifs Accès Inc. (Accès).VAG, Accès and MAD collectively distribute creditor insurance and replacement warranty products through a network of new and used […]
By Canadian Underwriter | February 15, 2011
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The Government of Nova Scotia has appointed insurance industry veteran David Chisholm to the Waterfront Development Corporation board of directors.Waterfront Development Corporation Ltd. is a provincial Crown corporation that manages provincially owned land along the waterfronts from Halifax, Dartmouth, Bedford and Lunenburg. Chisholm is former president of MacDonald Chisholm Insurance and has more than 40 […]
When considering forthcoming changes to the clean-up standards applicable to contaminated sites under Part XV.1 of the Environmental Protection Act (EPA), it is important to understand these standards do not generally govern regulatory clean-up obligations for spills or legal obligations at common law. Mark Samis, vice president of operations for Environmental Solutions Remediation Services, made […]
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The Quebec Services Tax increased by 1% on Jan. 1, 2011, and although the QST is not charged on insurance premiums, it is charged on services that a broker may perform (such as engineering), Marsh reported. In its report, Insurance Premium-Related Tax Update Q4 2010, Marsh noted the QST increased from 7.5% to 8.5% at […]
Marsh reported total revenue of $10.6 billion in 2010, marking an increase from 2009’s revenue of $9.8 billion.In 2010 Q4, the company reported $2.8 billion in revenue, marking an increase from $2.6 billion in revenue over the same period in 2009. Investment income in 2010 was $43 million, a marked improvement from 2009’s investment loss […]
Training Magazine has ranked The Economical Insurance Group second on its ‘Training Top 125′ for 2011.The Training Top 125 is an annual ranking that honours organizations that offer “outstanding employer-sponsored workforce training and development,” an Economical release says.This is the second consecutive year that The Economical was named to the Training Top 125. In 2010, […]
By Canadian Underwriter | February 14, 2011
CARSTAR Automotive Canada Inc. celebrated the opening of its 17th location in Alberta, CARSTAR St. Albert. Chris Lane, Cathy Lane and Frank Lane own CARSTAR St. Albert. Chris has 10 years of industry expertise, and the family has run the business for the past five years. Chris took the initiative to join the CARSTARnetwork, describing the move as […]
Rogers Insurance Ltd., an employee-owned independent brokerage in Western Canada with 200 employees, has announced a number of new staff appointments. Responsibilities for all four individuals extend to the Ft. McMurray (Rogers Insurance North) and Red Deer (Mooney Insurance) offices of the Rogers Insurance Group.
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of ‘a’ of: At the same time, A.M. Best affirmed the FSR of ‘A-‘ (Excellent) and ICR of ‘a-‘ of Lombard Insurance Company (Lombard Insurance).All companies are subsidiaries of Northbridge Financial Corporation, an indirect, wholly owned downstream […]
By Canadian Underwriter | February 11, 2011
FirstOnSite Restoration has launched a national campaign to raise awareness of how unprepared many Canadian companies are to deal with manmade or natural disasters.The Priority Response Emergency Plan (PREP) is designed to help commercial companies be prepared in the event of a property disaster. FirstOnSite meets with a participating organization to gain an understanding of […]
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