Industry
The CIP Society honoured the newest GTA Fellowship graduates at this year’s Fellows Night held on Feb. 5, 2009. New Fellows were recognized for their outstanding achievement in completing their FCIP. Lyna Newman, FCIP, CRM, consultant and retired vice president of human resources and operations for KRG Insurance Group, was also honoured with the 2008 […]
March 31, 2009
1 min read
The fourth annual HKMB HUB Hockey Challenge for Charity took place on Mar. 11 at the Air Canada Centre. Almost 40 players gathered for a friendly game of hockey, with Team Claims beating Team Underwriters 9-4. The event raised Cdn$9,400 for the United Way and Cdn$222 for WICC [Women in Insurance Cancer Crusade].
The first St Baldrick’s Shaving the Way to Conquer Kid’s Cancer event took place in New York in 2000, when three (re)insurance executives turned their traditional St Patrick’s Day into a fundraising event for childhood cancer. They planned to raise money by shaving their heads in solidarity with children suffering from cancer. They challenged 17 […]
Brokers, clients and friends gathered for the launch of Chubb Insurance Company of Canada’s MediaGuard, an errors and omissions liability insurance policy. The event was held at the Canadian Film Centre. Participants enjoyed a short film produced by the centre, as well as a multi-media presentation about the new product. The policy provides third-party liability […]
About six months after a pointed judicial observation about the roles played by insurers and the province’s Motor Vehicle Accident Claims Fund (MVACF), the Financial Services Commission of Ontario (FSCO) has made it a priority to clarify the roles of each in the claims process especially in the instance of an insolvent insurer.The Ontario insurance […]
By Canadian Underwriter | March 31, 2009
2 min read
Fitch Ratings is advocating expanded disclosure in response to a proposal by the Financial Accounting Standard Board (FASB) to change the U.S. GAAP method for determining whether an investment is other-than-temporarily impaired.Currently under U.S. GAAP, an issuer is required to determine whether a non-trading investment is other-than-temporarily impaired when the current fair value of the […]
(Re)takaful insurance has grown from a niche product to a mainstream risk management offering and Standard & Poor’s (S&P’s) has identified aspects of the business model that may be subject to specific consideration or special treatment in its financial strength analysis.Some of these aspects include industry and economic risk, competitive position, earnings quality and capital […]
Export Development Canada is assessing the extent of its existing accounts receivable insurance (ARI) coverage for Canadian automotive industry suppliers, according to the Government of Canada. ARI covers the full book of business for up to 90% of a businesses’ losses against such commercial risks as a customer refusing to pay; refusal to accept the […]
The Insurance Bureau of Canada (IBC) and six other international insurance associations have presented a unified statement in support of principles-based regulation yesterday to the G20 leaders in advance of the Apr. 2 G20 summit meeting in London, England.”This initiative, undertaken by leading insurance associations, reflects our joint commitment to encourage G20 leaders to continue […]
By Canadian Underwriter | March 30, 2009
Jupiter Resources, Inc., an importer and exporter of goods (in addition to other business activities, including mining interests), has announced its intention to enter into the insurance market, signing a letter of intent to purchase 100% of the issued and outstanding common shares of NatProv Holdings Inc. NatProv, through its 81%-owned operating subsidiary, is a […]
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