Risk
McLarens Canada announced the acquisition of Vanler Insurance Adjusters Ltd. on Sept. 27. Founded in 1993 in Toronto by Dennis Schembri, president, Vanler Insurance Adjusters Ltd. will become an integral part of the McLarens management team, according to a release. The company has six Ontario-based locations. “Vanler Insurance Adjusters Ltd have an excellent reputation and […]
By Canadian Underwriter | September 28, 2007
1 min read
Swiss Re launched the Climate Adaptation Development Programme (CADP), which is designed to offer financial protection for weather related risks in emerging countries, during the Clinton Global Initiative 2007 meeting. Swiss Re will partner with Millenium Promise, a non-profit whose goal is to lift African villages out of poverty, and the International Research Institute for […]
By Canadian Underwriter | September 27, 2007
Toyota Canada Inc. is eyeing the car insurance market as part of an aggressive expansion plan, reports the Globe and Mail.The giant vehicle manufacturer already offers insurance in several other countries, including Japan, Britain, France, Germany, Australia and Thailand, the paper reported.If everything goes well, we want to [offer insurance] within a year, Toyota president […]
By Canadian Underwriter | September 26, 2007
A new poll by the Traffic Injury Research Foundation (TIRF) has found more than 2 million Canadians display aggressive driving behaviours.”An aggressive driver may not intend to harm others, but their behaviour elevates everybody’s crash risk,” says Vanlaar. “Speeding, taking risks, and running red lights are all extremely dangerous.”The poll also noted that most Canadians […]
By Canadian Underwriter | September 25, 2007
2 min read
Representatives of the Canadian reinsurance market assured delegates of the A.M. Best Canadian conference that their Canadian branches are here to stay, despite recent changes to the Insurance Companies Act.The changes to Part 13 of the Act re-defined in-Canada risk. Before the amendment it was illegal for foreign insurers who are unlicensed in Canada to […]
By Canadian Underwriter | September 21, 2007
McLarens Canada and Demers Zajac Vena Insurance Adjusters Inc. are pleased to announce the partnership of their respective firms effective September 14, 2007. Demers Zajac Vena Insurance Adjusters Inc. was founded in Montreal in 1987 and under the successful leadership of John Vena, president, has grown to be one of the premier commercial loss adjusting […]
Baby Boomers and younger business owners have different attitudes towards technology, according to survey results released Sept. 17 by Ipsos Reid on behalf of Micorsoft Canada Co.The survey was conducted online with 1,230 small- and medium-sized businesses (SMB) owners randomly selected between Aug.10-27, 2007. The accuracy for a sample this size is considered to be […]
By Canadian Underwriter | September 18, 2007
Nowell Seaman of Saskatoon is the 2007 recipient of the Donald M. Stuart Award, originally created by the Ontario Chapter of RIMS in 1979 to recognize outstanding contributions to the Canadian risk management community.Seaman, manager, risk management and insurance services, University of Saskatchewan, received the award at a special awards presentation at the 2007 RIMS […]
EGI Financial Holdings Inc. (“EGI”) has announced that its wholly owned subsidiary, Echelon General Insurance Company, is entering the Canadian emergency travel health insurance market through agreements with key distributors, which are expected to generate Cdn$16 million in annual premiums. Until earlier this year, EGI was prevented by a now-expired non-competition agreement from participating in […]
By Canadian Underwriter | September 17, 2007
Contract certainty and shortening service time are key areas to focus on in an effort to improve the service the insurance industry offers its customers, the insurers panel told delegates at the RIMS Canada Conference in Halifax, Nova Scotia. Richard Ward, CEO of Lloyds, commented on how surprised he was when he first entered the […]
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