Risk

Sutton Sportscover Ltd. launched in Canada

W.J. Sutton & Company Limited, a special risk managing general underwriter, and Sportscover, a global sports insurer, have joined forces to launch Sutton Sportscover Limited, a new company focusing on sports insurance in Canada. The new venture will provide comprehensive, tailor-made insurance of sports federations, associations and clubs, according to a release. Our new joint […]

By Canadian Underwriter | October 22, 2007

1 min read

Risk

What’s New: In Brief (October 22, 2007)

Neil Crone, actor, comic, cancer survivor and national cancer spokesperson, will provide his perspective on life, health and the power of laughter at the Nov. 7 WICC Ontario breakfast at the Arcadian Court in Toronto. The breakfast coincides with Take Your Kid to Work Day, and so WICC Ontario is encouraging parents participating in the […]

By Canadian Underwriter | October 22, 2007

1 min read

Risk

Aviva and ING examining premium price discrepancy between direct and broker channels

ING and Aviva assured Ontario brokers on Oct. 18 that they are looking into why premium prices on personal lines risks offered by their direct writing channels are between 15-24% lower than those offered by subsidiary companies distributing through the independent broker channel.The question was asked directly of ING Insurance Company of Canada president Derek […]

By Canadian Underwriter | October 18, 2007

2 min read

Risk

Commercial brokers in discussions with CRA over excise tax rules

The Toronto Insurance Conference [TIC] and the Insurance Brokers Association of Ontario [IBAO] are in discussions with the Canada Revenue Agency [CRA] about recent changes to the CRAs rules regarding the payment of excise taxes when dealing with foreign, unlicensed insurance markets.Generally speaking in Canada, clients of commercial insurance brokers must pay an excise tax […]

By Canadian Underwriter | October 16, 2007

1 min read

What’s New: In Brief (October 16, 2007)

Aviva Canada Inc. is partnering with Policy Works Inc. to exchange commercial-lines data, developing an efficient broker systems integration solution. The integration will provide Aviva brokers with the ability to upload commercial lines risk and rating detail directly from the Policy Works Commercial Management System into Fastrax, Avivas Web-based application that enables brokers to quote […]

1 min read

Pressure growing for more risk management transparency

Canadas largest companies are more responsive than they were a year ago to investor requests regarding carbon risk strategies, but the disclosed information still falls short of investor requirements, according to the Carbon Disclosure Project 2007 (CDP): Canada 200 Report.The research shows that risk managers need to be aware of growing pressure from investors for […]

1 min read

What’s New: In Brief (October 04, 2007)

Jeffrey T. Bowman has been named president and CEO of Crawford & Company, effective Jan. 1, 2008. The current president and CEO, Thomas W. Crawford, will serve as chairman of the board, while current chair, Jesse Crawford, will step down and remain chairman of the executive committee, according to a Crawford release. Bowman joined the […]

1 min read

What’s New: In Brief (October 02, 2007)

***CORRECTION*** The following item corrects information that appeared in a version of this previously published story. We apologize for the error. Standard & Poors Rating Services increased The Guarantee Co. of North Americas long-term counterparty credit and financial strength ratings from a BBB+ to an A-.According to Standard and Poors rating report, the ratings are […]

1 min read

OSFI releases advisory on insuring in Canada a risk

A foreign entity is not allowed to insure in Canada a risk as per the Insurance Companies Act (ICA), unless the Superintendent authorizes it to do so and the risk is within a class specified by the order, an advisory issued by Office of the Superintendent of Financial Institutions Canada (OSFI) notes. If a foreign […]

1 min read

What’s New: In Brief (October 01, 2007)

Standard & Poors Rating Services increased The Guarantee Co. of North Americas long-term counterparty credit and financial strength ratings from an A- to a BBB+. According to Standard and Poors rating report, the ratings are reflective of the companys strong underwriting results in core surety and fidelity commercial lines, improvement in personal lines and strong […]

1 min read