Claims

CARSTAR Automotive Canada

CARSTAR Automotive Canada’s recent annual charity gala in support of the Canadian Cystic Fibrosis Foundation (CCFF) saw more than 1,000 insurance and vendor partners, employees and friends attended the Casino Gala event where President and CEO of CARSTAR, Sam Mercanti, presented a cheque for $117,500.00 to the CCFF, through fundraising efforts over the year. The […]

November 30, 2008

1 min read

CARSTAR Automotive Canada

CARSTAR Automotive Canada’s recent annual charity gala in support of the Canadian Cystic Fibrosis Foundation (CCFF) saw more than 1,000 insurance and vendor partners, employees and friends attended the Casino Gala event where President and CEO of CARSTAR, Sam Mercanti, presented a cheque for $117,500.00 to the CCFF, through fundraising efforts over the year. The […]

November 30, 2008

1 min read

Supreme Collision Centre

Supreme Collision Centre has opened a fourth location – this one in Bolton, Ont. – and the PPG CertifiedFirst Network member is taking extra steps to create a ‘green,’ environmentally-friendly shop and reduce cycle times. Ron Doering, general manager and co-owner of the newest location, said it was his intention to do all the right […]

November 30, 2008

1 min read

Supreme Collision Centre

Supreme Collision Centre has opened a fourth location – this one in Bolton, Ont. – and the PPG CertifiedFirst Network member is taking extra steps to create a ‘green,’ environmentally-friendly shop and reduce cycle times. Ron Doering, general manager and co-owner of the newest location, said it was his intention to do all the right […]

November 30, 2008

1 min read

The Order of the Blue Goose’s Ontario Pond

The Order of the Blue Goose’s Ontario Pond hosted a Night at the Races at Woodbine Race Track. One-hundred and thirty-five ganders and guests braved the frigid night air in a heated trackside tent for good fun, great food, camaraderie and to raise funds for WICC. Nine horse races were watched with eager anticipation although […]

November 30, 2008

1 min read

Decorative pattern

Capital markets, bad weather bite into Desjardins’ 2008 Q3 profits

Desjardins Group reported a 2008 Q3 profit of Cdn$149 million, down Cdn$99 million or 39.9% from the corresponding quarter last year. The company’s quarterly return on equity (ROE) fell to 6.2% compared to 11.0% in 2007 Q3.“These results reflect the sharp deterioration in capital markets during the third quarter, causing stock market gyrations and unprecedented […]

By Canadian Underwriter | November 17, 2008

1 min read

Decorative pattern

Investment losses, Hurricane Ike affect Chubb’s 2008 Q3 results

The Chubb Corporation [NYSE: CB] has reported a 2008 Q3 profit of US$264 million, down from its 2007 Q3 net income of US$738 million.The third-quarter drop in net income reflects net realized investment losses, including impairments, of US$113 million before tax, the company noted in a press release. By way of comparison, the company’s 2007 […]

By Canadian Underwriter | November 12, 2008

2 min read

Decorative pattern

ING Canada reports drop in investment income, increase in underwriting income

ING Canada Inc. (TSX: IIC) has reported a quarterly net income of Cdn$57.3 million, marking a 37.7% decrease from 2007 Q3’s profit of Cdn$92.0 million.The insurer’s combined ratio for the quarter was 94.0%, a decrease from 2007 Q3’s combined ratio of 97.1%.ING Canada cites investment losses as a primary driver in the decrease of profits. […]

By Canadian Underwriter | November 12, 2008

2 min read

Decorative pattern

Reinsurance (November 01, 2008)

CASCADIA EARTHQUAKE DAMAGE MIGHT BE LOWER THAN INITIALLY ASSUMED Updated earthquake research by the United States Geological Survey is reporting that expected damage to buildings as a result of a Pacific Northwest earthquake in the Cascadia Subduction Region (which also affects B. C.) could be lower than initially assumed. The research includes the use of […]

October 31, 2008

1 min read

Decorative pattern

The Hartford reports 2008 Q3 loss of US$2.6 billion

The Hartford Financial Services Group Inc. (NYSE: HIG) has reported a 2008 Q3 net loss of US$2.6 billion, compared to a 2007 Q3 profit of US$851 million.”This was an extremely difficult quarter for the company,” Ramani Ayer, The Hartford’s chairman and CEO, said in a press release. “Volatile credit and equity markets and the largest […]

By Canadian Underwriter | October 30, 2008

1 min read

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