Claims
Manitoba Public Insurance has reported a net income of Cdn$64.8 million for 2007 Q1, spurred by a growing vehicle fleet and solid investment income. Earned revenues increased by Cdn$10.5 million over 2006 Q1, due to an increase in number and value of insured vehicles, while investment income was up Cdn$10 million from 2006 Q1 to […]
By Canadian Underwriter | July 19, 2007
1 min read
Risk
Government anti-terrorism regulation targeting purportedly charitable financial transactions which may support terrorist activities subject Canadian charities to stringent regulatory requirements and potentially expose charities directors to personal liability, an Aon Canadian advisory report warns.Potential consequences of anti-terrorism act violations could include loss of existing charitable status; criminal investigation and prosecution; seizure or other constraints on […]
By Canadian Underwriter | July 18, 2007
Zurich has created a mergers and acquisitions (M&A) unit designed to offer customized products and services to help companies manage M&A transaction-related risks. The unit is part of Zurichs Global Corporate business division and currently fully operational in the U.S.worldwide capabilities will be implemented by 2007 Q4. With the creation of the unit, Zurich is […]
Kroll, a risk consulting company, is combining forces with Direct Marketing Centre Inc. (DMC) to provide Identity Theft Restoration services in Canada. Kroll announced that as part of the strategic alliance, DMC a third-party administrator and solution provider to credit card issuers, financial institutions, insurers and corporate sponsors would market and administer Krolls Identity Theft […]
By Canadian Underwriter | July 17, 2007
Kroll has announced it is combining forces with Direct Marketing Centre Inc. (DMC) to provide Identity Theft Restoration services in Canada. Kroll (a risk consulting company) announced that as part of the strategic alliance, DMC (a third party administrator and solution provider to credit card issuers, financial institutions, insurers and corporate sponsors) would market and […]
Industry
Transportation Property & Casualty Co., Inc. (TPCC) has been assigned a financial strength rating of A- (Excellent) by A.M. Best & Co.These ratings are the first to be assigned to a Canadian captive insurance company domiciled in Burnaby, British Columbia. These ratings are based on TPCCs excellent capitalization and operating performance and favourable profile as […]
Canada’s first online brokerage EasyInsure.ca launched in April, according to a release. Direct insurance has been sold online quite successfully over the last few years, but the benefits of a brokerage, including the ability to pull rates from several sources, has not previously been available, the release noted.Ive spent 12 years in the industry and […]
By Canadian Underwriter | July 16, 2007
As the soft market approaches its fourth year, director and officers, and general liability premiums are dropping in 2007 Q2, while commercial property premiums remain stable, according to The Risk and Insurance Management Society (RIMS) Benchmark Survey and analysis conducted by David Bradford of Advisen.The Benchmark Surveys Q2 reports show that D&O continued to drop, […]
2 min read
The UKs Court of Appeal handed down judgement that three former Guy Carpenter executives who defected to competitor Integro must be sued in the UK, where they live and work, not in New York, where Guy Carps parent company is based, says a statement from the firm representing the accused, Elborne Mitchell.Guy Carpenter, a reinsurance […]
By Canadian Underwriter | July 13, 2007
Willis Special Contingency Risks Limited (SCR) is hosting a global Web cast conference call on July 17, 2007, to educate risk managers, corporate risk officers and directors and officers about the risks of international kidnapping and extortion.Movie and television depictions of brittle hostage negotiations and heavily armed, camouflaged rescue teams make for pulse-pounding entertainment, SCR […]
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