Industry
XL Insurance and global management consultant Accenture are implementing a new centralized global claims management system to support XL Insurance’s operations in 25 countries, including Canada. The system is designed to enhance XL Insurance’s customer service and reduce costs by consolidating and upgrading its core claims-processing technologies and procedures globally. It is based on the […]
By Canadian Underwriter | April 27, 2010
1 min read
Lance Kayfish, risk manager at the City of Kelowna, British Columbia, received the Richard W. Bland Memorial Award at the Risk and Insurance Management Society (RIMS)’s 2010 Annual Conference & Exhibition in Boston.The award was created by RIMS Kansas City Chapter in 1974 to recognize a member’s dedicated commitment in the area of legislation or […]
By Canadian Underwriter | April 26, 2010
The cost of aerospace industry insurance in 2010 is expected to decline for the fourth year in a row, according to Aon’s Aerospace Insurance Markets Outlook 2010 report. After the marketplace turbulence in 2009, this represents an oasis of relative calm for airports, aerospace manufacturers and support companies, according to an Aon release. Overall, aerospace […]
Cunningham Lindsey is merging its Markham and Toronto North offices effective May 1, 2010. Toby Collins will be the branch manager of the newly merged office, which will be in the current Toronto North location. Toronto North adjusters Pamela Allen, Ross Arthur, Rick Bahen, Dale Reid, Gail Ross, Fred Scott and Nick Tucci will welcome […]
SGI Canada has reported a net income of $52.4 million – the most profitable year in the corporation’s history – in part due to a low number of storm losses. Continued growth in the provincial economy provided premium growth of 8% in Saskatchewan in 2009, the corporation reported. Out-of-province operations provided $2.8 million to the […]
The Registered Insurance Brokers of Ontario (RIBO) is warning of an alleged automobile insurance scam.A newspaper ad advertising auto insurance with a 1-800 contact number has been placed in several Ontario city newspapers, a RIBO release says. Typically, the perpetrators of the scheme place the newspaper ads for about a week and then move onto […]
By Canadian Underwriter | April 23, 2010
RSA has teamed with MarshBerry, a consulting firm, to offer RSA’s key brokers tools to grow their businesses. MarshBerry, a U.S. broker consulting firm, offers expertise in management, peer-to-peer exchange network, informational services, sales effectiveness and merger and acquisition advisory services. Through its resources and insurance industry knowledge, MarshBerry will act as a support tool […]
The Insurance Brokers Association of Ontario (IBAO) is reaching out to local organizations on behalf of the Canadian Crime Victim Foundation (CCVF) to raise sponsorship for the CCVF’s 8th Annual Gala and Fundraiser. The CCVF is a charitable organization dedicated to supporting and empowering victims of crime, by providing resources and effecting positive change to […]
Returns on insurance-linked securities (ILS) averaged 3.4% for 2010 Q1, marking an improvement over the 0.95% returns reported in 2009 Q1, said Aon Benfield.In its report, Insurance-Linked Securities: First Quarter Update 2010, Aon noted that for the 12 months ended March 31, 2010, investor returns surpassed 13% — significantly greater than the 2.6% seen in […]
The size of an insurer and whether or not the Canadian office has a parent company will likely be key drivers in whether or not Canadian property and casualty insurers take advantage of the solvency regulator’s move to allow internal capital modeling targets by 2014.For Aviva Canada, the influence of a parent company was definitely […]
By Canadian Underwriter | April 22, 2010
2 min read
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