Industry
Duck Creek Technologies Inc. received a positive rating in the recent Gartner MarketScope for North American property and casualty insurance policy management modules. Duck Creek provides policy administration, product configuration and definition, billing and rating for the property and casualty and healthcare insurance markets. The MarketScope is an evaluation of a marketplace at a specific […]
By Canadian Underwriter | November 16, 2010
1 min read
The National Hockey League Players’ Association (NHLPA) has partnered with Allstate Insurance Company of Canada to launch a mentorship program to guide the next generation of Canada’s hockey youth.The Allstate All-Canadians program will provide young players, coaches and parents with the opportunity to access exclusive on-ice drills and off-ice development tips directly from NHL players […]
R&Q Risk Services Canada Limited is the newest managing general agent to enter the Canadian marketplace.R&Q Risk Services is owned by Randall & Quilter Investment Holdings Plc, a publicly listed non-life insurance investor, service provider and underwriting manager.Lloyd’s Syndicates will back all issued policies. R&Q Risk Services Canada will initially write professional liability and management […]
By Canadian Underwriter | November 15, 2010
Swiss Re has launched a new deductible reduction policy enhancement for its broker association errors and omissions (E&O) policyholders. Through the enhancement, Swiss Re will reduce the E&O policy deductible by 50% – up to a maximum of $12,500 per claim – in the event a new claim is brought alleging the broker’s failure to […]
Mathieu Brunet has been slected president of The Association of emerging Quebec Assurance (L’Association de la relève en assurance du Québec – LARAQ), a non-profit organization established to help young insurance professionals network and share professional resources. Now 10 years old, the association has more than 2,000 members across Quebec. The Association has three committees […]
The program administrator and managing general agent (MGA/PA) market is maturing, but profitability expectations within the sector are shrinking, reported Guy Carpenter.In its annual survey of the MGA/PA market, Guy Carpenter noted the number of carriers entering the space has increased. The number of MGAs shifting to writing speciality-driven lines from more commodity-driven lines has […]
Kingsway Financial Services Inc. reported a 2010 Q3 net income of $2.5 million, up substantially from its 2009 Q3 loss of $118.1 million.Gross premiums written decreased by 24.2% for the quarter to $62.8 million (32.8% to $206 million year to date) from $82.8 million in 2010 Q3.”The significant reduction in premium volume is a reflection […]
The Office of the Superintendent of Financial Institutions (OSFI) has introduced a minimum gross capital level in its 2011 Minimum Capital Test Guideline. OSFI is requesting comments from industry on the second phase of its draft 2011 MCT Guideline by Nov. 30, 2010.The introduction of a minimum gross capital level is one of three changes […]
By Canadian Underwriter | November 12, 2010
A written statement should be requested prior to any interviewing of a subject, as this provides the interviewer with the cleanest version of the events. This is contradictory to the way interviews – with claimants, fraud suspects, witnesses, etc. – are frequently conducted, which is done while the interviewer sits across from the subject. In […]
Isabelle Perreault has been appointed executive director of the Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ). She was previously the director of communications and public affairs with the Chambre de l’assurance de dommages (ChAD) and the Coalition pour la promotion des professions en assurance de dommages. Perreault has thirteen years of experience in […]
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