Risk
Swiss Re has partnered with RNK Capital LLC (RNK), a New York-based private investment firm specializing in the U.S. and international environmental markets, to provide the carbon markets’ first insurance product for managing Kyoto Protocol-related risk in carbon credit transactions. “The insurance product enables RNK to mitigate a key risk factor in carbon credit transactions […]
By Canadian Underwriter | June 13, 2006
2 min read
Claims
XN Holdings, Inc., parent company of XN Financial Services, XN Risk Insurance Services and XN Private Client Services, has launched XN Private Client Services on the Web at www.xn.com/pcs.First launched in 2005, XN Private Client Services is a managing general agent and leading online provider of insurance and financial products for high net worth international […]
3 min read
Auto
The Insurance Brokers Association of Ontario (IBAO) has launched a new Web site, http://www.ibao.org, providing an extensive range of information on insurance topics. Technically developed by AKA New Media Inc. (AKA Broker), the site is designed to be fresh, innovative and user-friendly.A new feature on IBAO’s homepage is the Industry News link found in the […]
By Canadian Underwriter | June 12, 2006
The Insurance Brokers Association of Ontario (IBAO) has launched a new Web site, http://www.ibao.org, providing an extensive range of information on insurance topics. Technically developed by AKA New Media Inc. (AKA Broker), the site is designed to be fresh, innovative and user-friendly.A new feature on the IBAO’s homepage is the Industry News link found in […]
ICBC has filed a civil lawsuit in B.C. Supreme Court, seeking to recover more than CD$377,000 from 24 people alleged to be involved in conspiracies to defraud ICBC.In a press release, ICBC says “it is suspected the claimants intentionally caused motor vehicle collisions and then made fraudulent claims to ICBC for compensation.”ICBC is seeking to […]
The U.S. National Hurricane Center has issued a hurricane warning for Gulf Coast residents of Florida, as Tropical Storm Alberto moves toward the northeast gulf of the Mexican Coast.Alberto is the first named storm of what is anticipated to be an active 2006 hurricane season.”A hurricane warning is in effect for the Gulf Coast of […]
1 min read
Industry
Worksafe BC and the trucking industry recently launched Canada’s first highway safety corridor, Fraser Canyon Highway Safety Corridor.The 192km corridor in Fraser Canyon, from Hope to Cache Creek, is set to represent a target for a new driver education program that will teach motorists to share the road with working truckers. Recent safety initiatives from […]
Swiss Reinsurance Co. has acquired GE Insurance Solutions for US$7.4 billion.The acquisition, through which GE will be integrated into Swiss Re over the next 18 months, will allow Swiss Re to grow past Munich Re to become the world’s largest resinsurer.Swiss Re announced plans to purchase GE Insurance Solutions on Nov. 18, 2005 from which […]
Despite ultimately unsubstantiated rumors of a blockbuster merger between the United States’ fourth-largest insurer, Zurich Financial Services, and the nation’s fifth-largest P&C insurer, St. Paul Travelers Corp, M&A activity in the U.S. is not expected to reach the frenzied dimensions of M&A activity in the late ’90s, according to Fitch Ratings.Fitch notes the U.S. property […]
By Canadian Underwriter | June 9, 2006
Insurance Bureau of Canada (IBC)’s ‘Be Smart. Be Safe.’ campaign is urging parents to make sure their children wear an approved helmet anytime they are participating in wheeled activities such as cycling, skateboarding, in-line skating or riding a scooter.”Every year, more than 500 Canadian children are hospitalized for head injuries from bicycle crashes,” according to […]
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