Risk
It would appear the insurance industry is hardly unanimous when it comes to the issue of banks retailing insurance products from their local branches
By Vanessa Mariga. | October 31, 2007
5 min read
Industry
How Web-based solutions can make insurance brokers more efficient
By Chris Coons and Pat Durepos | October 31, 2007
4 min read
Reading Connecticut attorney general Richard Blumenthal’s 101-page indictment against the reinsurance industry in general — and against a reinsurance broker in particular — one can’t help but wonder how this antitrust lawsuit won’t launch a whole new wave of disclosure regulation, this time related to reinsurance brokers and pools. Theoretically, of course, it will be […]
By David Gambrill, Editor | October 31, 2007
Canada’s Supreme Court has sided with insurers in two cases that threatened to expand the definition of an injury “arising directly or indirectly from the use or operation of an automobile.” In both Citadel General Assurance Co. v. Vytlingham and Lumbermens Mutual Casualty Company v. Herbison, the Supreme Court of Canada found that car-related activities […]
October 31, 2007
2 min read
Fairfax Financial Holdings Limited (TSX:FFH)(NYSE:FFH) and Cunningham Lindsey Group Inc. (TSX:LIN) have entered into an agreement with private equity funds managed by Stone Point Capital LLC, in which Stone Point will pay about $80 million for a 51% interest in a newly-formed holding company that will own the operating businesses of Cunningham Lindsey. Fairfax will […]
1 min read
Alberta is planning to scrap its industry-wide adjustment of grid prices in its auto insurance product, according to Dennis Gartner, the province’s assistant deputy minister of pensions, insurance and financial institutions. The industry-wide adjustment applies only to the province’s grid pricing. In place of the industry-wide adjustment, the government is contemplating some kind of file-and-approve […]
Home
Royal & SunAlliance (R&SA) Canada Group has acquired Canadian Northern Shield Insurance Company (CNS) from The CUMIS Group Limited for approximately Cdn$75 million in cash. The acquisition will make R&SA the sixth largest property and casualty insurance company in Canada and the largest in British Columbia. It marks the first acquisition in the industry in […]
Commercial
Applied Systems and Keal Technology jointly announced a partnership that will see two major integrations between the companies’ products. Keal’s commercial management system, comXP, will integrate with Applied’s broker system, The Agency Manager (TAM). Keal’s broker management system, sigXP and comXP will integrate with Applied’s real-time system WARP. The partnership, announced at the Insurance Brokers […]
Zurich Canada president and CEO Robert Landry will be retiring at the end of this year. Alister Campbell will be appointed chief agent of Zurich’s Canadian operations, subject to board and regulatory approval, a company release notes. Campbell most recently served as senior vice president, planning and communications at ING Canada Inc. “I have great […]
6 min read
More than 130 delegates attended A.M. Best Company’s inaugural Review & Preview Conference–Canadian Update in September. Hosted at the Westin Harbour Castle in Toronto, the conference featured interactive discussions with prominent leaders in the Canadian market, as well as A.M. Best’s senior ratings experts to address the issues currently shaping the Canadian insurance industry. *** […]
8 min read
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