Risk
Willis Group Holdings (NYSE: WSH), the global insurance broker, has welcomed Calgary-based Cees van der Slikke as the new senior vice-president and natural resources practice leader for Willis Canada. Van der Slikke was previously a Canadian energy practice leader at Aon, where he served for 11 years. He is an insurance professional who served as […]
September 30, 2006
1 min read
Industry
Increasingly, over the past eight to 10 years, thieves have been breaking into cars for their airbags, according to Robert Tremblay, manager of industry issues at the Insurance Bureau of Canada (IBC). Depending on the type and make of a car, auto safety airbags can cost upwards of CD$2,500 per unit, which may be motivating […]
Information and Privacy Commissioner Frank Work has upheld the decision of Alberta’s finance ministry to refuse access to the draft KPMG actuarial report that helped set the rate for basic automobile insurance in 2003. A press release from the Office of the Information and Privacy Commissioner of Alberta indicates “the applicant had requested access to […]
ENVIRONMENTAL SOLUTIONS Remediation Services (ESRS) has opened a new ESRS office in Montral, which will be managed by Ray Penta. A Montral native, Penta has more than 17 years of experience in environmental investigations and remediation projects. The Montral office will serve both U.S. and Canadian clients, as do the ESRS hub office locations in […]
4 min read
The annual McLarens Canada Volleyball Tournament was held on Aug. 16 at the Balmy Beach Club in the east end of Toronto. Once again, there was a spectacular turnout of vivacious volleyers, observers and fans. Congratulations go out to Zurich Canada, which, with the help of McLarens Canada adjusters Scott Mastromatteo and Tara Drabik, cleared […]
Representatives of the insurance industry are tied in debate over U.S. collateral requirements for alien reinsurers, according to a recent A.M. Best roundtable discussion.The focus of the roundtable debate is the new initiative, which was implemented by the National Association of Insurance Commissioners’ reinsurance task force, to draft a proposal to change the regulations regarding […]
By Canadian Underwriter | September 29, 2006
Claims
A proposed federal catastrophe backstop would not be a good idea as it would be “detrimental” to the industry and encourage continued development in risk-prone areas, according to members of the insurance industry who recently responded to a survey conducted by Best’s Review. Most respondents however responded that if a backstop were created they would […]
The board of directors of Transatlantic Reinsurance Co., a subsidiary of Transatlantic Holdings, Inc. (NYSE: TRH), recently elected new officers. The appointments in the New York office include: Timothy Butts, vice president; Richard Boivin, assistant vice president; Tonya Davies, assistant vice president, and Vincent Eng, secretary. In the Tokyo office, Yasunori Murase has been appointed […]
Royal & Sun Alliance Insurance Group plc (R&SA) has sold its US operation to Arrowpoint Capital, a vehicle set up by the R&SA US management team. R&SA also recently terminated its American Depositary Receipt program, its voluntary delisting from the New York Stock Exchange and action to terminate its US Securities and Exchange Commission registration. […]
By Canadian Underwriter | September 28, 2006
3 min read
CGI Group Inc. (CGI) (TSX: GIB.A) has signed three contracts in Western Canada totaling more than CD$20 million. The contracts, covering both municipal and provincial jurisdictions have been signed with the following entities: City of Calgary, an enterprise service desk for a three year contract with an option for two additional two year agreement; British […]
2 min read
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