Operations

Cooke Insurance acquires Hutchinson & Warren

Charlie Cooke Insurance Agency Ltd. has acquired the shares of Maritime-based insurance brokerage Hutchinson & Warren Insurance Services Ltd. Hutchinson & Warren is a Cdn$9 million broker based in Rexton, N.B., a Cooke Insurance release says.With the purchase, Cooke Insurance will increase its annual insurance writings to more than Cdn$25 million, representing more than 16,000 […]

By Canadian Underwriter | September 25, 2007

1 min read

Operations

What’s New: In Brief (August 29, 2007)

Sasktel and SGI are partnering to help new drivers develop safe cell phone habits by offering six months of free voice messaging service to new drivers who are also SaskTel cellular customers. The service is intended to minimize distractions on the road by automatically routing incoming calls to voice mail, allowing the driver to check […]

By Canadian Underwriter | August 29, 2007

1 min read

Operations

Research shows 1-in-5 drivers report accident in past 10 years

Of the total car insurance quotes completed online at kanetix.ca in 2006, almost 20% included at least one accident during the past ten years.Researchers at kanetix.ca, an online service offering automobile insurance quotes to Canadians in Ontario, Alberta, Quebec, New Brunswick, Prince Edward Island and Nova Scotia, found that a higher percentage of quotes included […]

By Canadian Underwriter | July 31, 2007

1 min read

Operations

What’s New: In Brief (June 12, 2007)

The Co-operators Group Limited has donated more than Cdn$220,000 to 183 different charities across the country. The donations were made on behalf of staff members, each of whom contributed $75 to the charity of their choice. “We’re proud to stand behind the dedicated men and women who work tirelessly to improve the lives of people […]

By Canadian Underwriter | June 12, 2007

1 min read

Brokers supporting CCIR principles, but not with tools, regulators find

All or most of Canadas national and provincial broker associations support the principles contained in the industry regulators report, Managing Conflicts of Interest: A Consultation Paper on Enhancing and Harmonizing, but in many cases less than half of the brokers associations are backing up such support with concrete tools.The Canadian Council of Insurance Regulators (CCIR) […]

2 min read

What’s New: In Brief (April 26, 2007)

Guy Carpenter is hosting the first annual (Re)Insurance Industry Charity Poker and Casino Event for WICC (Women in Insurance Cancer Crusade). The event will be held at 6 p.m. on May 30, 2007 at the Four Seasons Hotel Toronto. Although there will not be any real money on the table, a number of prizes will […]

2 min read

Brokerage stocks soar amidst takeover rumours

Brokerage stocks for the week ending April 19 climbed by more than 4% on A.M. Best’s Global Insurance Composite, to close the period as the biggest gainer among the sector specific and regional indexes. Closing the week up 1.15%, this marked an all-time high for the A.M. Best Global Index on April 18. The A.M. […]

1 min read

What’s New: In Brief (April 12, 2007)

The Centre for Study of Insurance Operations (CSIO) has announced the appointment of Steven Kaukinen as president of the organization. Most recently he served as the president and CEO of Baldwin Janzen Insurance Services in Vancouver. Prior to that post, Kaukinen was the vice president, competitive insurance at the Insurance Corporation of British Columbia. We […]

1 min read

What’s New: In Brief (March 13, 2007)

Gore Mutual Insurance Company, along with its broker partners and business associates and the Canadian Blood Services (CBS), hosted their first clinic day in the BC/Yukon region. Twenty-one units of blood were donated as a result, and every unit of blood has the potential to assist up to 3 people in need. What really added […]

1 min read

What’s new: In brief (February 09, 2007)

Willis Group Holdings shared its experience of transparency at a public hearing in Brussels recently on business insurance that was hosted by the European Commission (EC).At the public panel discussions, the EC presented the preliminary findings of a Europe-wide Sector Inquiry into competition in member states in relation to business insurance. Speaking on behalf of […]

2 min read