Operations
Saskatchewan motorists are now required by law to slow down not only for emergency vehicles and road crew workers, but also for tow trucks.Effective last month, Saskatchewan’s provincial government required motorists to slow to 60 km-h when passing tow trucks stopped on the side of the highway with their amber lights flashing.”Working on the side […]
By Canadian Underwriter | August 18, 2006
1 min read
In an effort to raise money for its cause, Women in Insurance Cancer Crusade (WICC) once again teamed up with ING at the ING Ottawa Marathon and collected CD$48,884.This figure represents an increase of 141% from the amount raised last year and surpasses the teams goal of CD $30,000.When setting the donation target for 2006 […]
By Canadian Underwriter | August 16, 2006
2 min read
Hub International Ltd. (NYSE/TSX: HBG) has purchased Post & Kurtz, Inc., an employee benefits insurance brokerage that specializes in serving law firms and other service entities. Post & Kurtz will be integrated into New York-based Hub International Northeast.Marc I. Cohen, president and chief executive officer of HUB Northeast , says the acquisition will work towards […]
By Canadian Underwriter | August 4, 2006
Willis Group has reported a 10% growth in its Q2 organic revenue, with double-digit growth from its reinsurance broker business.However, the insurance broker’s net income for the same period dropped 37% from the same period last year to reach US$72 million (US$0.45/share) for the Q2 2006.”Our 10% organic revenue growth in the second quarter is […]
By Canadian Underwriter | August 3, 2006
Hub International Limited (NYSE/TSX: HBG) has closed the acquisition of Florida-based Fortun Insurance Agency. Through the transaction HUB has acquired the assets of Fortun Insurance (retail), ABCO Insurance (wholesale) and American Inspection Company, as well as the stock of ABCO Premium Finance (premium financing). The new retail brokerage entity is named Hub International Florida, Inc. […]
By Canadian Underwriter | August 2, 2006
The Insurance Brokers Association of Ontario (IBAO) has launched a new Web site, http://www.ibao.org, providing an extensive range of information on insurance topics. Technically developed by AKA New Media Inc. (AKA Broker), the site is designed to be fresh, innovative and user-friendly. A new feature on IBAO’s homepage is the Industry News link found in […]
July 31, 2006
Employees of the Canadian operations of XL RE, XL Capital, XL Insurance and XL Design Professional recently participated in the Global Day of Giving.The Global Day of Giving initiative was part of XL’s 20th anniversary celebrations.XL staff worldwide, about 3,500 people in total, spent one business day working to benefit their local communities. They donated […]
By Canadian Underwriter | June 21, 2006
Technology and IT outsourcing solutions provider MFX is using its web-based WriteNow point-of-sale underwriting and issuance application as the platform behind Pan-American Life’s bancassurance newly released product, Simple Life. WriteNow was designed by MFX to qualify, rate, quote, bind and deliver policy documents in any language, in minutes. MFX is providing Pan-American with an application […]
By Canadian Underwriter | May 24, 2006
Canadian Finance Minister Jim Flaherty has reaffirmed his personal commitment to the Conservative Party’s platform to “maintain the current regulations governing insurance marketing by the chartered banks.”Currently the Bank Act does not allow banks to retail insurance products or distribute insurance information within their local branches. Flaherty noted as well, however, that the standing committee […]
By Canadian Underwriter | May 16, 2006
Saskatchewan Government Insurance (SGI) and Manitoba Public Insurance (MPI) are teaming up to produce photo ID cards for drivers in both provinces. The SGI/MPI partnership is intended to provide Manitoba with a reliable, cost-effective replacement for its current photo ID card technology, which, SGI says in a press release, “is rapidly nearing the end of […]
April 30, 2006
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