Industry
Dale Chow has been appointed as vice president, Vancouver branch manager for Chubb Insurance Company of Canada.Chow and his team are responsible for all field operations servicing British Columbia.Chow has re-joined Chubb from the Bermuda offices of Allied World Assurance Company, where he was vice president of professional lines and team leader. Joining the firm […]
By Canadian Underwriter | January 21, 2008
2 min read
Claims
Swiss Re’s voluntary initiative to become greenhouse neutral, “COyou2 reduce and gain,” completed its first year and more than 400 staff members around the world participated.The program offers Swiss Re staff financial incentives to reduce greenhouse gas emissions. The subsidized investments vary between regions, but 130 staff 116 of them in the United States received […]
1 min read
Royal & SunAlliance (R&SA) has partnered with the Executive Development Centre at Queen’s School of Business to launch a new broker education program. The program, Making Partner, has been designed with Queen’s to provide customized senior management leadership and business skills to R&SA brokers who aspire to “make partner” one day in their brokerages, R&SA […]
By Canadian Underwriter | January 18, 2008
John Joseph London, 38, faces fraud charges in Toronto after an investigation into an alleged insurance scam. London, of Richmond Hill, ON, is charged with fraud under Cdn$5,000, falsification of books or documents, writing a forged document and selling/giving/distributing a false insurance card, according to a release from the Registered Insurance Brokers of Ontario (RIBO). […]
The American Insurance Association (AIA) has called on U.S. state insurance regulators not to “mandate” disclosure of climate risk.In a 16-page white paper, made public in December 2007, the National Association of Insurance Commissioners (NAIC) devotes about 16 paragraphs to a discussion about whether U.S. insurance companies should be required to disclose a routine and […]
The Financial Services Commission of Ontario (FSCO) has launched a new online tool, ‘Monitoring and Enforcements [M&E] Online,’ where statistics from the different sectors FSCO oversees are posted.”M&E Online reports on FSCO’s prosecution activities, the decisions arising out of the hearings FSCO conducts, and other regulatory activities that help ensure consumer confidence in the financial […]
The British Insurance Brokers’ Association (BIBA) is encouraging the UK government “to appoint one single body with the authority to take responsibility for the risk of flooding,” as well as to co-ordinate discussions with various stakeholders to reduce the risk of flood damages in the future. “The UK is one of the few member states […]
By Canadian Underwriter | January 17, 2008
Multinational organizations face elevated political and economic risks in 25 of the 50 largest global economies, according to an analysis released by Aon Trade Credit Global. Such risks include business interruption caused by war, terror attacks and political interference, Aon reports. Political and economic risk is highest in the oil-rich nations of Iran, Nigeria and […]
The British Columbia Utilities Commission (BCUC) has confirmed a 3.3% increase in rates for basic insurance, the Insurance Corporation of British Columbia reports. The ICBC filed an application in March 2007 concerning basic insurance rates, which the BCUC approved on an interim basis and implemented on May 1, 2007. The interim increase in rates for […]
Thomas V. Ealy, Willis North America’s chief operating officer, has been appointed to lead the company’s commercial and consumer segments for both Canada and the United States. Ealy will continue in his current role until a successor is named.The commercial segment includes not only small and medium-sized enterprises, but also managing general agent and affinity […]
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