Industry
Claudine Davoodi has been appointed as Crawford & Company (Canada) Inc.’s vice president of operations for the region of Quebec.Davoodi will continue to work closely with Quebec branch managers and will have operational responsibility for all of Crawford’s claims operations throughout the province. She will continue to report to Pat Van Bakel, senior vice president […]
By Canadian Underwriter | April 7, 2010
1 min read
The Ontario Mutual Insurance Association (OMIA) has announced the appointment of Ken Jones as chairman of its board.Jones has served on the OMIA board since 2003, and has headed several of its working committees. He is also manager of McKillop Mutual located in Seaforth, Ontario.Located in Cambridge, Ontario, OMIA provides member companies with services including […]
Average rate decreases for the composite U.S. commercial property and casualty markets slowed to 4% in March 2010 from 5% in February 2010, reports MarketScout.Directors and officers’ liability and surety rates were flat.Rates moderated for energy, manufacturing and public entities, and all other industry classes (except for workers’ compensation) maintained the same rate position as […]
Mike Morris has been appointed vice president of central operations at Cunningham Lindsey Canada (CLC).Morris joined CLC in 1988 as a trainee and moved through the ranks before being appointed assistant vice president in 2008. He is based at CLC’s head office in Mississauga, Ont.Also, Andrea Digdon has been appointed assistant vice president of the […]
The Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ) is still working with its provincial government for clarification around the selling of insurance products without representation, says Louise Mathieu, RCCAQ president.The association made important gains on the issue with the adoption of Bill 74, an Act amending various legislative provisions principally to tighten the […]
By Canadian Underwriter | April 6, 2010
The increasing duties of company directors, along with the growing ease of accessing legal redress for breaches of those duties, have created a more threatening liability environment than ever before, reports ACE.In the ACE Progress Report: International Developments in Executive Liability, author Carol A.N. Zacharias says whether — and to what extent — directors can […]
A.M. Best Co. has upgraded the financial strength rating of Jevco Insurance Company (JIC) (Quebec) to B++ (Good) from B- (Fair).The rating has been removed from the class of ‘under review with negative implications,’ and assigned a ‘stable’ outlook instead.The new rating follows the Mar. 29, 2010 sale of JIC by Kingsway Financial Services Inc(KFSI) […]
Facility Association (FA) took a somewhat unexpected, $24.8-million hit in February 2010, based on a late reporting of accident year 2009 losses.FA anticipated the reporting of the 2009 accident year results in February, but the $24.8-million figure reported was “$19.9 million higher than expected,” FA said in a bulletin to members.“About three-quarters of the $24.8-million […]
AIR Worldwide has launched TruExposure to help companies validate, benchmark and augment their exposure data.The software is intended to help companies exposed to catastrophe risk assess and enhance data related to property-specific building characteristics.Global reinsurers and U.S. insurers are using TruExposure to refine catastrophe modelling results, thereby enhancing underwriting and portfolio management decisions, AIR Worldwide […]
By Canadian Underwriter | April 5, 2010
Gartner Inc., an information research and technology company, has identified 10 technologies that it says will make the greatest impact on the property and casualty (P&C) insurance industry in the future. “These technologies will challenge existing business processes, support the emergence of new business models and allow companies to successfully differentiate themselves to drive revenue […]
2 min read
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