Industry
Bob Fitzgerald has joined ClaimsPro Inc. (a division of SCM Insurance Services) as president of its Canadian operations.Fitzgerald most recently served as executive vice president and chief marketing and underwriting officer at Aviva Canada.He joins the executive of SCM Insurance Services and will lead the ClaimsPro team from SCM’s Toronto office. He will report directly […]
By Canadian Underwriter | January 10, 2011
1 min read
RSA Canada finalized its acquisition of GCAN Insurance, the second-largest insurance transaction of the past decade in Canada.RSA announced in Oct. 2010 that it agreed to acquire GCAN, a Canadian mid-market, large risks and specialty commercial insurer with gross written premiums in 2009 of $255 million. The Ontario Teachers’ Pension Plan Board sold the commercial […]
Demands on risk managers are increasing but the resources to allow them to meet the demands are not, says the UK’s Association of Insurance and Risk Managers (AIRMIC) chair Nicola Harvey.”All our businesses are going through different degrees of…difficult times,” Harvey said in the Jan. 2011 AIRMIC newsletter.”This has placed particular stress on risk managers […]
For the fifth consecutive year, A.M. Best Co. is maintaining a stable outlook in 2011 for the global non-life reinsurance industry. The current outlook implies the majority of 2011 reinsurer rating actions are likely to be affirmations, with only a modest number of anticipated rating or outlook changes.”The outlook reflects A.M. Best’s view that the […]
2 min read
It would take a $150-billion insured loss event to create a decided and sustained hard market in the global reinsurance market, Guy Carpenter reports. A $50-billion insured loss event would stem the decline of property catastrophe reinsurance rates for at least one year in the current capital-rich environment, Guy Carpenter said in its GC Capital […]
By Canadian Underwriter | January 7, 2011
CSN Collision & Glass has expanded its network by two more shops – one in Ontario and one in Alberta. Ravenhorst Motors Ltd.-CSN is located in Brockville, Ontario and has operated for 55 years through three generations. Rick van Ravenhorst said his decision to join the CSN network came out of a desire to be […]
Atlantic Car Choice Collision, a member of the CSN Collision & Glass Network, partnered with Herron GM and the United Way of Pictou County in Nova Scotia to provide a family in need with a car that would otherwise be written off. Often vehicles that need only minor mechanical and bodywork to get them road […]
Auto manufacturers appeared to have focused efforts on improving roof strength for 2011 models, the Insurance Institute for Highway Safety (IIHS) reports.The IIHS toughened criteria for its Top Safety Pick designation in 2009, by adding a requirement that all qualifiers must earn a good rating for performance in a roof strength test to assess protection […]
By Canadian Underwriter | January 6, 2011
Alberta’s minor injury amount has been adjusted by 0.9% as of Jan. 1, 2011.The change raises the amount from $4,518 to $4,559.The new amount relates to minor injuries caused in motor vehicle accidents that occur in Alberta on or after Jan. 1, 2011. The amount the adjustment is related to the annual change in the […]
McLarens Canada has acquired Mercer Myers & Associates Insurance Adjusters Ltd. Mercer Myers will continue to operate under the same brand name, as a division of McLarens Canada. It’s a full-service adjusting firm, with expertise in bodily injury investigation and negotiation, accident benefit claims management, residential and commercial property, as well as general liability claims […]
By Canadian Underwriter | January 5, 2011
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