Insurance & Risk, Analysis, Events and Careers
Risk
Dale-Parizeau LM and Morris & Mackenzie Inc. will merge to become Dale-Parizeau Morris Mackenzie Inc.This new incarnation will become Quebec’s largest independent and privately owned insurance broker.The company will write more than Cdn$200 million of premium with 400 staff operating out of five offices throughout Quebec, and one service office in Ontario.Maurice Sauve, president and […]
By Canadian Underwriter | December 8, 2006
1 min read
The Canadian team at Willis Group Holdings has appointed Joe Beesack as the senior vice-president of its alternative risk solutions practice. Beesack’s focus will be on loss forecasting, deductible optimization, risk modeling, captive assessment and feasibility studies. His area of specialization includes the development of computerized applications that reflect the complexities of sophisticated risk financing […]
By Canadian Underwriter | December 7, 2006
2 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,” said HKMB […]
By Canadian Underwriter | December 6, 2006
[EDITOR’S NOTE: Please note that the following news brief about Binks Insurance Brokers of Ottawa contains information that has been clarified after a previous posting. The editor regrets any confusion the initial posting may have caused.] Binks Insurance Brokers of Ottawa and Globalex of Montreal have announced a joint venture agreement to provide specialty insurance […]
By Canadian Underwriter | December 5, 2006
Fresh on the heels of a government-directed, 13.5% auto insurance rate decrease in New Brunswick, opposition MLAs in Nova Scotia are calling on the government in Nova Scotia to lower the province’s auto insurance rates, according to The Daily News in Halifax.The newly-elected New Brunswick government of Premier Shawn Graham negotiated the rate decrease with […]
Wawanesa Insurance plans to abide by an agreement between insurers and the government of New Brunswick to reduce auto rates in the province by an average of 13.5%.But the province’s largest auto insurance writer said it was “concerned” about the deal’s long-term implications, given that auto rates were already falling in the province.”Wawanesa Insurance will […]
By Canadian Underwriter | December 4, 2006
The government of New Brunswick has come to an agreement with the province’s insurance industry that will see premiums drop an average of 13.5% by Mar. 1, 2007.As promised in Premier Shawn Graham’s Charter for Change, the plan involves eliminating gender and geographic areas as rating criteria.”We will implement a process that will allow for […]
Canada's insurance industry benefited from a relatively mild storm season in 2006. Nevertheless, primary insurers are keeping their hands steady on the wheel of underwriting discipline. Otherwise, they say, 2007-08 might be the dawn of new rate increases.
November 30, 2006
15 min read
The risks of product liability can be unexpected - particularly when something as benign as carrot juice or spinach can cause illness or death and require massive product recalls.
10 min read
Like it or not, insurers are part of the health care business when it comes to auto-related injuries
6 min read
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