Home
ING Canada Inc. (TSX: IIC) reported net income of CD$205.9 million for the three months ended June 30, 2006, down CD$17.7 million, or 7.9%, from the record results achieved during 2005 Q2.Revenues for 2006 Q2 amounted to CD$1.097 billion, compared to CD$1.112 billion last year.”ING Canada had another quarter of strong performance,” ING Canada president […]
By Canadian Underwriter | August 10, 2006
1 min read
Industry
Aviva plc is reporting “record half-year results” during the first six months of 2006, with “strong performance across all businesses and geographies.”Worlwide, the company’s operating profit increased 27%, to 1.699 billion (CD$3.62 billion). Canadian operations accounted for 85 million (CD$181 million) out of the Aviva International Group’s total six-month, 2006 operating profit of 311 million […]
By Canadian Underwriter | August 9, 2006
Claims
Zurich North America Commercial, a unit of the Zurich Financial Services Group, will welcome Mike Foley of McKinsey & Co. to the position of chief operating officer as of Sept. 1. Foley’s responsibilities will include taking charge of all operating matters related to Zurich North America Commercial’s businesses and functions. Some such responsibilities will include […]
2 min read
Dennis J. Pauls has been named president and CEO of Hub International Ontario Limited (“Hub Ontario”).Pauls previously served as the CFO of Hub International Limited (NYSE:HBG) (TSX: HBG) for more than six years. He will assume his new role on Sept. 5, 2006. Hub International will immediately begin the process of identifying a candidate to […]
By Canadian Underwriter | August 8, 2006
MFX has customized a fully integrated, online front and back-end policy processing system for Gateway Insurance Company of St. Louis, MO. Replacing existing technology, this new system integrates third party software with MFX’s WriteNow online underwriting system and its web-based claim handling system, ClaimsAssure. The system is provided under SecureSource, MFX’s data center outsourcing services. […]
3 min read
AXA reported its property and casualty revenues increased by 4% during the first half of 2006 to EUR10.8 million (CD$15.6 million). AXA also reported its overall combined ratio improved 0.6 points to 96.9%.”AXA’s performance in the first half of 2006 marks another successful milestone on our path to Ambition 2012,” AXA management board chair Henri […]
By Canadian Underwriter | August 3, 2006
Royal & SunAlliance Insurance Group plc has acquired Ireland’s EGI Holdings Ltd. 25.2m (17.3m) payable in cash.”EGI is a well established business with strong positions in a number of specialty lines,” a Royal & Sun Alliance press release says. “In 2005 it delivered a profit before tax of 7m (4.8m) on net written premiums of […]
By Canadian Underwriter | August 1, 2006
Alberta’s mandatory auto insurance premiums are set to drop by 3% as of Nov. 1, 2006. The reduction will become effective when Alberta drivers renew their mandatory coverage.Total reductions to Alberta auto insurance premiums have now reduced 18% since the reforms were introduced. The most recent reduction, which brings the total reductions to 18% since […]
Risk
Risk managers face a conundrum in which they can't accurately quantify risks that haven't happened yet, but can't convince companies to buy insurance cover unless the risk is quantified.
July 31, 2006
8 min read
RIMS Canada's 2006 Calgary conference promises to deliver on the enthusiasm of RIMS Canada Conference co-chairs Marley Drainville and Joe Restoule
6 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
