Industry
XL Insurance has promoted Bob Shine to chief underwriting officer of North America Property & Casualty. Shine most recently served as the chief casualty underwriting officer. His responsibilities have expanded to include underwriting oversight across all of XL Insurance’s property and casualty lines in Canada and the United States. He is based in New York.Prior […]
By Canadian Underwriter | December 2, 2010
1 min read
Updating and retrofitting old buildings – including schools, hospitals and other public buildings – and investing in the upgrade of aging public infrastructure are among several priorities listed in preparation for an earthquake in Canada, according to a new study by the Institute for Catastrophic Loss Reduction (ICLR).Lloyd’s sponsored the ICLR report, entitled Reducing the […]
2 min read
XL Insurance Company’s Canadian branch launched two new products offering cyber-liability protection for Canadian businesses.XL Eclipse offers the following coverages under one policy form: XL EclipsePro offers the above cyber-liability coverages. In addition, it incorporates technology Errors and Omissions (E&O) to address the professional liability needs of technology products and service providers.”Technology is a significant […]
The Economical Insurance Group (TEIG) has been named Gold Winner of the 2010 Waterloo Region Record Readers’ Select Award in the category of best insurance company.The annual awards event recognizes Waterloo Region businesses that consistently provide excellence in client service while maintaining a sustained commitment to community stewardship.”This recognition underlines the incredible work our staff […]
Ninety-two semi-finalists from across Canada are still in the running to receive money from the insurer’s $1-million Aviva Community Fund.Created by Aviva Canada, the fund is offering $1 million in donations to support community initiatives across the country. Canadians have submitted more than 2,200 ideas and cast more than 1 million votes online for projects […]
The Winnipeg Auto Theft Suppression Strategy (WATSS) has received two awards from the International Association of Chiefs of Police (IACP).The first award, The Webber Safety Award for Quality in Law Enforcement, is presented in recognition of efforts promoting a standard of excellence that exemplifies law enforcement’s contribution and dedication to the quality of life in […]
By Canadian Underwriter | December 1, 2010
Insurance Corporation of British Columbia (ICBC), the B.C. provincial government and police are launching CounterAttack road checks across the province during the month of December to raise awareness and reduce impaired driving crashes. ICBC supports CounterAttack through enhanced police enforcement and an awareness campaign. The campaign includes TV and radio advertisements; ICBC provides businesses, sports […]
Marsh has launched an insurance facility providing up to $100 million of cover per risk for plant, equipment and inventories located in foreign countries and territorial waters or while in transit between sites.The Mobile Asset and Commodity Expropriation (MACE) insurance facility is available globally, a Marsh release says.It offers protection against abandonment, deprivation, expropriation, riot, […]
AIR Worldwide has added data quality-scoring capabilities to its TruExposure suite of catastrophe models.The data quality scores quantify the potential impact of missing primary risk characteristics on catastrophe loss estimates and indicate where data improvements will have the greatest benefit, an AIR release says. The scores can be calculated for individual locations and at the […]
Reflecting the global insurance market generally, Canada’s property and casualty market is facing a “heavy cocktail” of very challenging issues in 2011, according to Sean McGovern, director of North America and general counsel of Lloyd’s.McGovern spoke to Canadian Underwriter at an event marking the opening of Lloyd’s Toronto office on Nov. 30.McGovern answered questions about […]
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