News

Views (February 01, 2008)

The Ontario Risk & Insurance Management Society’s (ORIMS) annual Christmas luncheon in December attracted hundreds of festive industry partygoers to the Sheraton Centre Toronto, home of the Toronto 2008 RIMS Canada Conference (September 21-24, 2008). In the spirit of giving, the ORIMS executive donated the proceeds of the annual charity raffle to World Vision Canada. […]

January 31, 2008

1 min read

What’s New: In Brief (January 31, 2008)

Berkshire Hathaway has taken a 3% stake in Swiss Re. The agreement included a proportional reinsurance contract, in which the US-based company will assume a 20% share of all Swiss Re’s P&C business for the next five years, according to Swiss Re’s online newsletter. “This reinsurance arrangement is further evidence of our commitment to actively […]

By Canadian Underwriter | January 31, 2008

2 min read

City not liable for damage when horesplay results in broken plate glass window

The Ontario Superior Court ruled the City of Brantford was not liable for damages after two youths shattered the plate glass of the Brantford Civic Centre while engaging in horseplay.In Mott v. Brantford (City), the plaintiff, Bobby Joe Mott, had taken a break from skateboarding at a skateboard park on the premises and approached the […]

By Canadian Underwriter | January 31, 2008

2 min read

What’s New: In Brief (January 31, 2008)

A.M. Best Co. has upgraded the financial strength rating to A+ (superior) from A (excellent) for Munich Re America Corporation Group and its member companies. The rating upgrade reflects “the significant level of support provided by MRAC’s ultimate parent, Munich Reinsurance Company, as well as MRAC’s enhanced returns, substantial improvement in risk-adjusted capitalization and continued […]

By Canadian Underwriter | January 31, 2008

1 min read