News

Fairfax Financial offers to purchase UK’s Advent Capital

Toronto-based Fairfax Financial Holdings Limited (TSX: FFH) has made an offer of Cdn$135 million to purchase the remaining shares of Advent Capital (Holdings) PLC.Fairfax owns 44.5% of Advent’s existing issued share capital, according to a Fairfax representative. Advent is a UK-based holding company of a specialist property reinsurance and insurance underwriting group. It is listed […]

By Canadian Underwriter | July 31, 2008

2 min read

MPI reports more than Cdn$50 million drop in net income

Manitoba Public Insurance has reported a drop of Cdn$51.6 million in net income for 2008 Q1 as compared to 2007 Q1. The combined effects of dropping auto theft rates, a larger and higher-quality fleet and a significant decrease in investment income are reflected in the first quarter ended May 31, 2008 results. “Because of lower […]

By Canadian Underwriter | July 31, 2008

1 min read

Message From the President (August 01, 2008)

I have always been proud to be a loss adjuster. It’s a noble profession and a key element in delivery of the product that is sold by the property and casualty insurance industry. From the time I was first exposed to adjusting by going out with my father on evenings and weekends to see people […]

By Fred Plant | July 31, 2008

3 min read

Lump Sums and Double Dipping

Is lump sum settlement of long term disability benefits and double dipping under Ontario SABS now acceptable behaviour?

By Jennifer M. Malchuk | July 31, 2008

6 min read