Risk
One challenge for the industry in 2007 will be to avoid a collapse of the important distinction between independent brokers and captive agents
By Robert (Bob) Tisdale, President and CEO, Pembridge Insurance Company | April 30, 2007
6 min read
Sales get all the attention, but underwriting, claims and actuarial departments are equally essential to preserving underwriting rationality and market discipline
By Rowan Saunders, President and CEO, Royal & SunAlliance Insurance Company of Canada | April 30, 2007
4 min read
Echelon is strongly opposed to the Ontario Facility Association’s most recent proposal to redesign its residual market structures, according to a statement from the company. “The proposed changes would revamp the current Risk Sharing Pool (RSP) –which was originally designed to provide partial and temporary relief to insurers who are adversely affected by ‘take-all-comers’ regulations […]
April 30, 2007
1 min read
Manitoba Public Insurance [MPI] intends to invest Cdn$5 million over the next three years in a training partnership aimed at Manitoba’s commercial trucking business. “Over the next three years, annual injections of Cdn$1.65 million will help up to 750 Manitobans become Class 1 drivers –a skill in serious demand as the trucking industry deals with […]
Twenty Manitoba car thieves will be fitted with GPS tracking devices in the fall as part of a one-year pilot project to fight auto theft, according to the CBC. “Under the program, the highest-risk repeat offenders will wear location-monitoring devices such as ankle bracelets,” the CBC reported on its Web site. Citing Manitoba Justice Minister […]
The Canadian Insurance Professio-nals Society (CIP), the professionals’ division of the Insurance Institute, has launched a series of monthly “emerging trends and issues” papers to focus discussion by experts on a variety of leading-edge topics. The first in the series is an analysis of pandemics, which is currently available to members online. Subsequent papers are […]
7 min read
Swiss Re has structured and placed US$150 million [approximately Cdn$172 million] of securities covering flood and earthquake catastrophic events in Canada, Great Britain, and the United States on behalf of Allianz Global Corporate & Specialty AG. The multi-peril issuance is part of a US$1-billion program designed to provide protection against high-severity losses incurred from earthquakes […]
The Georgian Bay Chapter of the Insurance Institute of Ontario celebrated its 30th anniversary in Barrie, Ontario with a ’70s theme night. The chapter was formed on Apr. 20, 1977, at an inaugural meeting in Barrie. Members immediately set about organizing classes throughout a very large territory; the chapter now has more than 660 members. […]
2 min read
Insurers have improved their communications with the public and forged better relationships with consumers and governments, according to the Progress Report on Commercial Insurance in Atlantic Canada.In general, the insurance marketplace has improved over the past 16 months, the report notes. Respondents to a survey conducted to gather information for the Progress Report have indicated […]
By Canadian Underwriter | April 30, 2007
The Cooperators General Insurance Company faced some financial challenges early this year, reporting a profit of Cdn$8.2 million in 2007 Q1 compared to a 2006 Q1 profit of Cdn$31.9 million.The first quarter of 2007 posed significant challenges, Kathy Bardswick, president and CEO of The Co-operators, said in a press release issued by the company. Automobile […]
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