Risk
Provincial disclosure is falling short of IAIS standards
By Darrell Leadbetter, Paul Kovacs, and Jim Harries, PACICC | July 31, 2006
6 min read
Industry
An interesting public dialogue between the German Insurance Association (GDV) and Fitch Ratings Service in April raises some interesting, broader issues associated with the growing influence and power of independent financial ratings agencies. Ratings agencies derive their power in part through access to insurers’ financial information. Sometimes this information is publicly obtained; other times, insurers […]
By David Gambrill, Editor | July 31, 2006
4 min read
Insurers have expressed relief that a Canadian finance ministry white paper released in June makes no mention of changing the Bank Act to allow banks to promote insurance products in their local branches. The white paper is a blueprint for legislation the government will introduce to Parliament in early 2007. Its proposals do include some […]
July 31, 2006
2 min read
The Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations (CISRO) have adopted a reciprocal licensing model for the insurance agent/broker licensing system in Canada. The reliance model incorporates greater harmonization for agent and broker application forms, continuing education requirements and errors and omissions insurance for agents and brokers. It is […]
Home
Winmar Property Restoration Specialists have added new Canadian offices in Vancouver, Calgary and Halifax. Winmar is a disaster restoration and general contracting company that specializes in property damage restoration for insurance companies. It currently has 28 locations across the province of Ontario.
1 min read
Cameron & Associates Insurance Consultants Ltd. and130 guests celebrated the company’s move to 55 York St. in Toronto with an Open House on May 31, 2006. James Cameron, president of Cameron & Associates, said the move “accommodates growth and better facilitates serving our clients.” *** Assured Automotive recently held a Charity Boat Cruise to raise […]
IN MEMORIUM: Deirdre Martin, 52, senior counsel for the Insurance Bureau of Canada (IBC), passed away on June 21 following a battle with lung cancer. Martin acted as counsel to the IBC’s national claims committee, the standards and practices committee (which reviews and recommends revisions to IBC advisory policy wordings), the investigative services division and […]
As we jumped over the small stream, I could feel the warmth of the late Fall sunshine on the back of my neck. All around us the trees were aflame with color. Already, for the first time this season, the forest floor was coated with leaves. Beside me, also dressed in jeans and a bright […]
By Axiom | July 31, 2006
10 min read
SGI Canada has begun selling insurance products and services in Alberta, the Crown corporation announced in an online posting. “We’re very pleased to enter the Alberta market as it holds great potential for growth for SGI Canada,” SGI Canada president Jon Schubert said. “We’re already familiar with Alberta because of its close proximity and similarities […]
AXA SA has signed a definitive agreement to cede the business of AXA Re to Paris Re Holdings Limited. The announcement follows the receipt of a binding offer on April 6, 2006, and after AXA SA consulted with the relevant workers’ councils. Paris Re Holdings is a newly created company with a capitalization of approximately […]
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.
