Industry
Andy Hall is returning to CNA Financial Corporation as branch vice president of its Seattle office.Hall joined CNA in 1990, and held a number of branch and leadership positions, eventually serving as the president and chief operating officer of CNA Canada. He left CNA in 2008 and joined GCAN Insurance Company as a senior vice […]
By Canadian Underwriter | January 17, 2011
1 min read
Insurers’ views vary considerably about the costs involved in preparing for Solvency II, prompting a PricewaterhouseCoopers (PwC) survey to question whether the total outlay related to Solvency II will exceed initial projections of EUR3 billion.Due to take effect in January 2013, Solvency II is a fundamental review of the capital adequacy regime for the European […]
2 min read
Elliott Special Risks LP (ESR), a Markel International company, has opened an office in Vancouver, B.C. The B.C. office will be home to Elliott’s newest member of the team, Glenn Minnis. ESR operates across Canada with offices in Toronto, Montreal and now Vancouver. In existence for 45 years, ESR was acquired by Markel International on […]
By Canadian Underwriter | January 14, 2011
Techniques for drumming up investment into cat bonds has evolved, with one new technique allowing investors to essentially “double down” as they would in Blackjack, said Philip Cook, CEO of Omega General Insurance Holdings.Cook was the keynote speaker at the Insurance Institute’s Annual Industry Trends Breakfast on Jan. 13 in Toronto.In Blackjack a player is […]
The Co-operators has acquired, with the help of an unnamed investment partner, the personal lines operations of a brokerage based in the Gaspe region of Quebec. Assurances Claude Paquet’s personal lines operations will begin operating as the newest Co-operators office, with Nathalie Paquet becoming a Co-operators representative as of Jan. 17, 2011.The portfolio includes approximately […]
MEA Forensic has appointed Xaine Bhatia as its business development specialist in Ontario. Bhatia has more than 13 years of experience in business development, project management and communications. She has a Masters degree from the University of Toronto.”This unique combination of education and experience equips Xaine with the insight needed to understand and fulfil the […]
The Canadian P&C industry is not even on the cusp of a hard market, despite analysts’ predictions, said Philip Cook, CEO of Omega General Insurance Holdings.Cook offered his projections for 2011 at the Insurance Institute’s ‘Annual Industry Trends Breakfast’ breakfast in Toronto on Jan. 13.Hard markets are typically categorized by an increase in profitability coinciding […]
By Canadian Underwriter | January 13, 2011
New Brunswick’s provincial government has appointed prominent Tory lawyer Michel C. Leger of Shediac, New Brunswick to chair a working group established to review the existing cap and definition covering soft tissue automobile injuries in New Brunswick.Other members named to the working group are: New Brunswick’s consumer advocate for insurance, Ronald Godin, will also be […]
Canadian Manufacturers & Exporters (CME) and Zurich Canada have formed a strategic business alliance that will provide CME members with a suite of insurance products. As CME’s preferred business insurance provider, Zurich Canada is offering additional manufacturing insurance coverages at no additional charge for those manufacturers who place their business insurance with Zurich.The new member […]
Buoyed by strong investment returns and continued expansion and upgrading of Manitoba’s vehicle fleet, Manitoba Public Insurance (MPI) is reporting a $91.4-million profit for the nine months ended Nov. 30, 2010, compared to net income of $24.9 million for the same period last year.Physical damage claims incurred increased by $23.9 million, thanks in part to […]
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