Risk
Albert Poon has been appointed vice president, strategic business development, at Cunningham Lindsey Canada Ltd. Poon will lead the marketing and sales team and provide strategic direction for the promotion of claims solutions within the Canadian insurance and risk management industries. He will maintain his role as vice president of the claims management services division, […]
By Canadian Underwriter | October 23, 2007
1 min read
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PartnerRe Ltd. has reported a 2007 Q3 profit of US$262.9 million, compared to a 2006 Q3 profit of US$235.8 million.Commenting on the 2007 Q3 and nine-month results, Patrick Thiele, president and CEO at PartnerRe, said, “PartnerRe’s third-quarter results set new records in several metrics including earned premium, operating earnings, and earnings per share.Thiele noted a […]
Claims
United Kingdom insurers are welcoming a decision by the United Kingdoms highest court, The House of Lords, which found that the existence of asbestos-related pleural plaques is not grounds for compensation by insurers.The House of Lords also ruled that a psychiatric ailment caused by worrying about pleural plaques is not sufficient to justify a demand […]
By Canadian Underwriter | October 22, 2007
Lloyds of London is preparing for the next big liability action for personal injury damages based on the use of cell phone technology.Mobile phones are now so ingrained in our daily lives that the thought of living without them is impossible, Lloyds notes in a posting on its Web site. Commercially and personally, mobile technology […]
2 min read
W.J. Sutton & Company Limited, a special risk managing general underwriter, and Sportscover, a global sports insurer, have joined forces to launch Sutton Sportscover Limited, a new company focusing on sports insurance in Canada. The new venture will provide comprehensive, tailor-made insurance of sports federations, associations and clubs, according to a release. Our new joint […]
Neil Crone, actor, comic, cancer survivor and national cancer spokesperson, will provide his perspective on life, health and the power of laughter at the Nov. 7 WICC Ontario breakfast at the Arcadian Court in Toronto. The breakfast coincides with Take Your Kid to Work Day, and so WICC Ontario is encouraging parents participating in the […]
Industry
Brokers need to be pro-active on the technology front and create a sense of value and prestige in their service if they are to survive, Michael Vickers, author of Becoming Preferred: How to Outsell your Competition, told delegates at the Insurance Brokers Association of Ontarios annual conference in Toronto.Brokers who resist change will be changed […]
By Canadian Underwriter | October 19, 2007
Insurance companies that are lax about following the letter of their agreements with brokers may find themselves sharing responsibility and liability with brokers in E&O claims, the audience attending an Insurance Brokers Association of Ontario (IBAO) education panel heard.This may even be true even in seemingly open-and-shut E&O cases illustrating broker negligence. Insurers need to […]
Allstate Insurance Company of Canada is expanding its presence in eastern Canada and has opened a branch Kirkland, Quebec the first of a string of branches to open in the near future.During the remainder of 2007, it is expected that nine more Allstate Insurance Agencies will open in Quebec, followed by 10 more in the […]
The Supreme Court of Canada 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, Canadas high court found that car-related activities were […]
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