Risk
Dale-Parizeau LM and Morris & Mackenzie Inc. have announ- ced their intention to become Dale-Parizeau Morris Mackenzie Inc. The merged entity would become Quebec’s largest independent and privately owned insurance broker. The company is expected to write more than Cdn$200 million of premium, with 400 staff operating out of five offices throughout Quebec, and one […]
December 31, 2006
1 min read
HKMB International Insurance Brokers, a privately held commercial insurance broker, has entered into an agreement to acquire the Toronto and Vancouver operations of Morris & Mackenzie Inc. HKMB hopes to integrate both offices into its own during 2007 Q1. “The acquisition of Morris & Mackenzie’s Toronto office builds on our well-established foundation with that market,” […]
Canadian and Bermudian insurers are more likely than their U.S. or Asian/Pacific counterparts to deliver quarterly risk reports to their boards, according to a study by Tillinghast of Towers Perrin. The study is Tillinghast’s fourth biennial survey of risk and capital management practices among insurers worldwide. The 2006 study focuses on a number of issues […]
A return to stormy hurricane activity in 2007 will likely follow the below-average 2006 hurricane season, according to climate forecaster Tropical Storm Risk (TSR). TSR says a 76% likelihood exists that U.S. land-falling hurricane activity in 2007 will fall within the top one-third of history’s stormiest years. The study was led by the Benfield UCL […]
The Risk and Insurance Management Society, Inc. (RIMS) has launched a new Risk Maturity Model for Enterprise Risk Management (ERM), an online resource that provides guidelines and best practices for developing and maintaining a comprehensive risk management program. The Risk Maturity Model uses standardized criteria by which organizations can evaluate and improve their approach to […]
The CIP Society has named J.R. (Bob) Tisdale, vice president of Allstate Canada Group, and president and chief operating officer of Pembridge Insurance Company and Pafco Insurance Company, as the 2006 recipient of the GTA Fellow of Distinction Award. Carla Blackmore, chair of the CIP Society-Ontario, said: “Bob Tisdale’s remarkable ability to spend quality time […]
3 min read
Peace Hills General Insurance Company’s financial strength received a B+ rating from A.M. Best Co. The positive rating is due to the Alberta firm’s “excellent risk-adjusted capitalization, strong liquid balance sheet, steady organic surplus growth from better than average profitability, favourable reserve development and a sound reinsurance program,” says an A.M. Best release.The positive rating […]
By Canadian Underwriter | December 20, 2006
Gore Mutual Insurance Company is offering more than 50,000 free taxi rides this New Year’s Eve to their auto policyholders, the company recently announced.”Community and road safety is a shared responsibility, and the taxi offer program is an excellent safety initiative aimed at reducing impaired driving as well making our roadways the safest in North […]
By Canadian Underwriter | December 19, 2006
2 min read
The Canadian government has petitioned the U.S. Federal Motor Carrier Safety Administration (FMCSA) to allow Canadian trucking insurers to underwrite Canadian carriers operating south of the border without having to link with an American counterpart, according to a report by Today’s Trucking Online.The Property Casualty Insurers of America has joined with the Canadian government in […]
SAS has ranked first in the “core risk technology” category and second overall in Chartis Research’s RiskTech 100 report. The report is an overall assessment of the risk technology vendors. It examines each vendor’s functionality, core technology, organization strength, customer satisfaction and market presence. “Our top ranking speaks volumes for SAS’ leadership in the risk […]
By Canadian Underwriter | December 18, 2006
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