Risk
ING and Aviva assured Ontario brokers on Oct. 18 that they are looking into why premium prices on personal lines risks offered by their direct writing channels are between 15-24% lower than those offered by subsidiary companies distributing through the independent broker channel.The question was asked directly of ING Insurance Company of Canada president Derek […]
By Canadian Underwriter | October 18, 2007
2 min read
Commercial
Applied Systems and Keal Technology jointly announced a partnership that will see two major integrations between the companies products. Keals commercial management system, comXP, will integrate with Applieds broker system, The Agency Manager (TAM).Keals broker management system, sigXP and comXP will integrate with Applieds real-time system WARP.The partnership, announced at the Insurance Brokers Association of […]
1 min read
Claims
The Insurance Brokers Association of Ontario (IBAO) honoured CAIB and CPIB graduates, as well as the brokerages that earned the distinction of Best Practices Brokerages, at an awards luncheon on Oct. 18. Elizabeth McIntyre, an Ottawa-based CAIB graduate, took top honours in her class with a 94% average, while Jason Di Reto, an employee of […]
Darrell Blenus has been appointed president of Insurance Premium Financing. The appointment became effective in August 2007, the board of directors announced. Blenus was previously the vice president of sales and marketing. The company has also launched an upgraded commercial financing program with more competitive rates, a company press release announced. The efficient commercial quote […]
Industry
About 51% of Ontario insurance consumers buy their insurance products through the independent broker channel, while 38% buy from agents or direct markets, according to a 2007 independent consumer survey commissioned by the Insurance Brokers Association of Ontario (IBAO).The survey found a further 11% of Ontario consumers purchased insurance through group plan providers and 4% […]
By Canadian Underwriter | October 17, 2007
The Insurance Brokers Association of Ontario (IBAO) is planning to ask the Registered Insurance Brokers of Ontario (RIBO) and the Financial Services Commission of Ontario (FSCO) to restrict the ability of non-brokers to buy and control insurance brokerages.The IBAO changed its membership structure in 2006 to make non-broker-controlled brokerages affiliate or non-voting members. In this […]
Home
The 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 […]
Stewart Ponton, chair of McLarens Canada, has been elected president of the International Institute of Loss Adjusters (IILA). As former national president of the Canadian Independent Adjusters’ Association and with McLarens, Stewart has certainly proven his leadership and commitment to the independent adjusting profession in this country over the years, Fred Plant, CIAA president and […]
Zurich president and CEO Robert Landry will be retiring as head of Zurichs Canadian operations at the end of this year. Alister Campbell will be appointed chief agent and CEO for Zurich Insurance Company in Canada, subject to board and regulatory approval, a company release notes. Campbell most recently served as senior vice president, planning […]
By Canadian Underwriter | October 16, 2007
The Toronto Insurance Conference [TIC] and the Insurance Brokers Association of Ontario [IBAO] are in discussions with the Canada Revenue Agency [CRA] about recent changes to the CRAs rules regarding the payment of excise taxes when dealing with foreign, unlicensed insurance markets.Generally speaking in Canada, clients of commercial insurance brokers must pay an excise tax […]
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