Industry
PPG has announced five new and four updated courses listed are recognized and can count towards I-CAR Gold Class Professionals, I-CAR Platinum Individual and AMI Accredited Automotive Manager designations. Courses being offered in 2008 include: MVP Advanced Collision Estimating Skills updated MVP Collision Centre Marketing new MVP Collision Repair Sales & Customer Service updated Managing […]
By Canadian Underwriter | February 11, 2008
1 min read
Manitoba Public Insurance (MPI) is launching a pilot project on Feb.9 aimed at keeping young children safe in vehicles.The Manitoba Child Car Seat Program will allow parents to have improved public education information via new videos, pamphlets and public presentations, MPI reports in a release. “Eight of 10 car seats in Manitoba are not used […]
By Canadian Underwriter | February 8, 2008
2 min read
Aon Corporation is integrating its worldwide risk and insurance brokerage operations into a single global business, Aon Risk Services, with more than 26,000 colleagues in 120 countries and more than US$5 billion in revenues.”Everything we do is based on helping clients, or helping colleagues help our clients,” Greg Case, Aon Corporation president and CEO, said […]
In a study that might be of interest to D&O insurers, KPMG and the Economist Intelligence Unit have co-authored a report, ‘Forecasting with Confidence,’ which notes that “although organizations invest significant time and effort in this important task [of financial forecasting], only one in five currently produce a forecast that is reliable.” The report is […]
Studies on potential jurors have revealed some predisposition to the belief that all terror attacks in certain high-risk venues are predictable, regardless of the preventative measures taken or the lack of specific information available in advance of the attack, reports Risk Management Magazine (RM).The findings imply that an organization’s and insurer’s liability exposure and defence […]
Winmar Corporate has announced the sale of Winmar Toronto to Luis Salazar, president of LM Group of Companies (LMGP), David Machado, president of Winmar Brampton, and Jad Stammers and Mario Muscat.This strategic alliance brings Winmar together with LMGP, a supplier of drying and climate control equipment and diesel power generators. The venture puts full-service mitigation […]
By Canadian Underwriter | February 7, 2008
RenaissanceRe Holdings Ltd. has reported US$62.2 million in 2007 Q4 net income, compared to of US$201.1 million in 2006 Q4.The company generated an operating return on average common equity of 26.1% for 2007 Q4, compared to 33.3% in 2006 Q4. Neill A. Currie, CEO, commented: “I am pleased to report strong full year earnings, resulting […]
Willis Group Holdings Ltd. reported a profit of US$409 million for 2007, compared to US$449 million over the prior year.The net income for 2007 Q4 was US$95 million, a decrease from 2006 Q4, in which the company reported a net income of US$148 million.Organic growth in commissions and fees was 3% for the year ended […]
The Toronto Insurance Women’s Association (TIWA) will be adding an extra splash of red and white to this year’s Valentine’s Day celebrations when it hosts its annual wine and cheese reception on Feb. 14, 2008. Guests will indulge in fine culinary offerings and clink their wine glasses with fellow industry peers at this year’s reception, […]
Claims
The crisis in the subprime mortgage market has had little impact on availability, cost or policy conditions of directors’ and officers’ liability (D&O) and errors and omissions (E&O) policies, according to research by Advisen Ltd.Based on a survey of 110 insurance buyers, more than 90% of commercial banks, investment banks, mortgage lenders, real estate investment […]
By Canadian Underwriter | February 6, 2008
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