Industry
TorQuest Partners, a Canadian-based manager of private equity funds, has made what it calls a “significant equity investment” in SCM Insurance Services (SCM).The exact amount of the investment was not disclosed.TorQuest Partners has more than $700 million of equity capital under management. It has made a number of previous investments in the insurance and insurance […]
By Canadian Underwriter | August 3, 2010
1 min read
Marsh announced the appointment of 59 new managing directors in North America, five of which are Canadian.The 2010 ‘Class of Managing Directors’ work within a number of different risk practice and industry groups within Marsh and are located across both Canada and the United States.”Achieving the milestone of managing director is a significant career accomplishment,” […]
Mark Sylvia has tendered his resignation as CEO of EGI Financial Holdings (TSX: EFH) and as director of Echelon General Insurance, EGI’s subsidiary.Sylvia has been with EGI since 2001. He resigned “to pursue other interests,” a company release says.”I would like to express my sincere thanks to Mark for his many contributions to EGI Financial […]
The Ontario government bears some responsibility for building up the public's unreasonable expectations related to auto insurance decreases.
July 31, 2010
3 min read
ONTARIO REFORM-RELATED 2010 Q2 RATES REFLECT 1% DECREASE Reform-influenced auto insurance rates filed with Ontario’s regulator in 2010 Q2 show an average rate decrease of 1.03%, when weighted by market share. The 2010 Q2 rates take into account the province’s auto insurance reforms and will become effective when the reforms are implemented on Sept. 1, […]
SURVEILLANCE FOR EVIDENCE COLLECTION DOES NOT FALL UNDER PRIVACY LAW: FEDERAL COURT Using surveillance to help mount a defence in a civil legal action is not a “commercial activity” under Canada’s privacy law and is therefore not bound by the Personal Information Protection and Electronic Documents Act (PIPEDA), the Federal Court of Canada has ruled. […]
2 min read
Claims
MANITOBA CALLS FOR FRAUD ENDORSEMENT IN BROKERS’ E&O INSURANCE Manitoba licensed insurance agents are now required to have an endorsement that covers fraud and dishonest acts as part of their mandatory errors and omissions insurance. The amendment to the Insurance Agents & Adjusters Regulation was implemented on May 31, 2010, but allows for a one-year […]
Risk
Tino Brambilla, the new chairman of the RIMS Canada Council, has spent the greater part of his professional life in risk and loss control.
By David Gambrill, Editor | July 31, 2010
5 min read
Canada's relatively economic stability is attracting new players to the Canadian market.
By Ken Arthurs | July 31, 2010
A volcanic eruption begs the question: When we become dependent on a global supply chain, are we prepared for global risks that might affect our operational ouput?
By Urs Uhlmann | July 31, 2010
4 min read
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