Risk
Marsh Inc. announced the launch of a dedicated renewable energy team, and named Susan K. Stokes and Tom Sexton as its co-leaders. The team will work closely with the firms global marine and energy practice and the power and utilities industry practice to help clients address and find upside in the wide range of risks […]
By Canadian Underwriter | May 22, 2007
2 min read
The Autorit des marches financiers (AMF) has imposed new registration conditions on the brokerage firm Centre de courtage Assep inc. The firm is required to replace its officer in charge, Martin Beaul, and to provide AMF, within 5 days after its proposed decision, the name of the officer in charge it intends to appoint to […]
By Canadian Underwriter | May 18, 2007
SGI has pledged an annual donation of $200,000 to the Regina QuAppelle Health Region (RQHR) for the Sleep Disorders Program at the Regina General Hospital. The program serves to diagnose and treat patients with sleep disorders — the most common of which is sleep apnea, a cause of excessive daytime sleepiness. Sleep apnea is a […]
1 min read
ING Canadas insurance subsidiaries will be adopting the Insurance Bureau of Canada (IBC)’s Standards of Sound Marketplace Practice, the company announced at its AGM on May 16.The primary objective of the IBC standards is to encourage the adoption of a risk-based model for the insurance regulatory environment. The standards are also designed to improve corporate […]
By Canadian Underwriter | May 16, 2007
AMAC Consultants Inc. announced the appointment of Paul M. Green as vice president, in a bid to strengthen its national presence.Green will primarily be responsible for growing the firms Ontario business and serving its clients in Easter Canada from AMACs downtown Toronto office.Prior to joining AMAC, Green was director, corporate marketing and broker management with […]
By Canadian Underwriter | May 14, 2007
The Insurance Corporation of British Columbia (ICBC) has reported net income of $111 million for the 2007-Q1, an increase from 2006-Q1s $85 million. According to an ICBC statement there were more than 64,000 crashes in the first three months of 2007, which is an increase of almost 4% over the same period of 2006. ICBC […]
By Canadian Underwriter | May 9, 2007
After 20 years of service at BDC, Brian K. Hammond, director, risk management and insurance, is retiring. During Brians time with us, BDC has benefited from his sound advice, and wise counsel on risk management, insurance matters and claim-related problems, Paul Buron, BDC executive vice-president and chief financial officer, said in a press release. In […]
By Canadian Underwriter | May 8, 2007
Swiss Re has increased its earnings by 54% in Q1-2007 over Q1-2006. The company has reported earnings of CHF1.3 billion (approximately Cdn $1.18 billion).Swiss Re had a good start to 2007, Jacques Aigrain, CEO for Swiss Re, said in a press release. All our business segments contributed to Swiss Res solid performance, which also benefited […]
Marsh & McLennan Companies Inc. (MMC) reported revenues of US$2.8 billion [approximately Cdn$3.1 billion] and a profit of $1.5 billion [approximately Cdn$1.66 billion] in its risk and insurance services during the 2007 Q1, an increase of 1% from 2006 Q1.Marshs revenues included $540 million [approximately Cdn$597 billion] in the Americas, a decline of 5% from […]
The United Kingdom non-life insurance market is dominated by Aviva, Royal Bank of Scotland (RBS), Royal & SunAlliance, AXA and Zurich, an A.M. Best special report finds.The U.K. is the third largest non-life market in the world. In highly commoditized lines, such as personal motor and household insurance, [we believe] larger companies are able to […]
By Canadian Underwriter | May 4, 2007
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.
