Industry
Global insurance broker Willis Group Holdings (NYSE: WSH) has appointed Vic Krauze as chairman and CEO of Willis North America. Krauze will report to Joe Plumeri, chairman and CEO of Willis Group, and will serve as a member of Willis’ executive committee. Krauze, formerly president and chief operating officer of Willis North America, succeeds Don […]
By Canadian Underwriter | November 22, 2010
1 min read
Ontario drivers have improved slightly, based on a 2.2% decrease in the frequency of collisions between 2009 and 2010, according to Allstate Insurance Company of Canada’s Ontario Safe Driving Study.The study ranks the driving safety of communities and regions by analyzing car collision frequency. Using Allstate Canada data from 2007 to 2010, the study identifies […]
Swiss Re has appointed Jonathan Turner as chief financial officer of its Canadian operations, effective Nov. 22, 2010. Turner joins Swiss Re from Ernst & Young, where he specialized in both the property and casualty and life and health insurance sectors. He started his career with Ernst & Young in the United Kingdom and has […]
Claims
Canadian securities regulators are seeking public comment on proposed rule changes that would enhance the quality of disclosure of executive compensation.”The proposals clarify existing requirements and introduce new substantive requirements to enhance the quality of information disclosed by public companies about key risks, governance and compensation matters,” a Canadian Securities Administrators (CSA) press release says.The […]
CAA Insurance has received approval to offer an accident forgiveness endorsement in Nova Scotia.The ‘Forgive and Forget’ endorsement will provide clients with forgiveness for the first at-fault accident, meaning the incident will not affect the driver’s rating. To be eligible, drivers must have had no at-fault accidents in the previous six years.The endorsement is not […]
The Insurance Council of British Columbia has placed conditions on the license of SSEI Insurance Agency and suspended the license of its sole officer and director, Nicholas Di Perno, pending an investigation of misconduct allegedly occurring at the sports and special events insurer.In a ‘Decision and Order’ published online in November 2010, the council said […]
Alberta-incorporated property and casualty insurers continued to see improved results during the first three quarters of 2010, with consolidated net income increasing $10.25 million to $42.9 million over the same period of 2009.The figures reflect results reported by: Consolidated underwriting income also increased, from $23.8 million in the first nine months of 2009 to $29.7 […]
By Canadian Underwriter | November 19, 2010
The grace period to install an immobilizer on vehicles considered to be most-at-risk of theft in Winnipeg has been reduced to 60 days from 90 days as of Dec. 1. The period will be shortened a further 30 days on Jun. 1, 2011.Those outside of Winnipeg are still provided a 90-day grace period.Owners who register […]
Saskatchewan drivers will soon be receiving a new one-part licence with enhanced security elements. Drivers currently hold a two-part licence – a photo ID card and a paper certificate -which must be renewed annually. The new licence includes images and security features that meet international standards much like those used on passports and currency. These […]
Munters’ Moisture Control Services (MCS) will now be known as Polygon. The MCS division separated from Munsters Group at the beginning of October, establishing itself as an independent company. The company had been operating under different brands across the world. With a vision of significant growth, the company took the opportunity to create a unified […]
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