Industry
RSA Canada has entered into an agreement to purchase GCAN Insurance Company and its parent company, Glenstone Capital Incorporated, from the Ontario Teachers’ Pension Plan Board for approximately $420 million. “This is actually the second-largest insurance company acquisition in the past 10 years in the Canadian P&C market, and it’s important because it’s now moved […]
By Canadian Underwriter | October 4, 2010
2 min read
Crawford & Company (Canada) Inc. opened an office in Prince George, British Columbia, effective Sept. 1, 2010.”The addition of this office, which covers an important territory in northern British Columbia, will allow us to service our clients even more effectively than before,” said Walter Waugh, vice president of Crawford’s Western Canada operations.Robin Stevens, CIP, managing […]
By Canadian Underwriter | October 1, 2010
1 min read
Re/insurers in North America and Europe are facing the “new reality” of a low or no-growth environment, according to Patrick Thiele, CEO of PartnerRe Ltd.”This new economic reality in the U.S. and Europe has important implications for the re/insurance industry,” Thiele writes in his contribution to the October 2010 edition of PartnerReviews. “With fewer factories […]
The Winnipeg Sun has obtained collision data from Manitoba Public Insurance (MPI) suggesting red-light cameras have generally failed to reduce the number of collisions in several key intersections in Winnipeg.The Sun‘s editorial notes the average number of collisions at Winnipeg’s original 12 red-light intersections has jumped 18% since being installed in 2003.An online link to […]
YOUNG, NEW DRIVERS HAVE A 41% HIGHER RATE OF CLAIMS Young and new drivers have a 41% higher rate of claims, according to Aviva Canada’s insurance claims data. Aviva data also show young and new drivers who received certified driver education are involved in 26% fewer accidents in the three years following the training. “This […]
September 30, 2010
ALBERTA-INCORPORATED INSURERS ALMOST DOUBLE CONSOLIDATED NET INCOME Alberta-incorporated property and casualty insurers nearly doubled their consolidated net income from $18.3 million in 2009 H1 to $31.9 million in 2010 H1. The figures reflect results reported by: Alberta Motor Insurance Company; Canadian Farm Insurance Company; Fortress Insurance Company; Mennonite Mutual Insurance Company; Millennium Insurance Company; Peace […]
3 min read
Peter Burns, president-elect of the Insurance Brokers Association of Ontario, traces the connections between community newspapers and insurance brokers -- and it starts with communication.
By David Gambrill, Editor | September 30, 2010
5 min read
Opinion/Analysis; A basic fine-tuning of the Unfair or Deceptive Acts or Practices regulation was intended to clarify the lay of the land for brokers and consumers. So why did it lead instead to insurance companies revamping their affinity models?
By Randy Carroll | September 30, 2010
6 min read
Results of a broker profitability survey suggest mergers and acquisitions might be the best way to achieve growth these days.
By Mike Berris | September 30, 2010
The Insurance Brokers Association of Nova Scotia (IBANS) has participated in a number of community events and hot-button issues in 2010, including changes to the province's auto cap.
By Ken Myers | September 30, 2010
4 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
