The Insurance Bureau of Canada (IBC) reports that the estimated insured damage caused by the recent severe thunderstorm event that hit the Edmonton area in July amounts to more than $100 million. The IBC noted that the estimate, “reported by …
The Netherlands-based group ING, which has been forced to sell assets in return for receiving state aid during the financial crisis, said it is considering the sale of its UK and Canadian online banking units, estimated to be worth about …
Aon Infrastructure Solutions, the global risk advisory group for alternative project delivery of Aon plc, announced that Tariq Taherbhai has joined the firm as a director of the unit. He has “extensive legal experience and contractual risk management expertise in …
The Bermuda-based Catlin Group Limited announced that David Huebel will take over as CEO of Catlin Canada, effective July 3. Catlin Canada is the Group’s Canadian underwriting hub, headquartered in Toronto with offices in Calgary, Montreal and Vancouver. Catlin Canada’s …
Insurance software company Applied Systems announced that Jeffrey D. Purdy has been appointed senior vice president and general manager of Applied Systems Canada. He is an Ontario native and a Canadian insurance industry veteran. Purdy will be responsible for Applied …
The Netherlands-based Brit Group and Canada’s Fairfax Financial Holdings Limited have announced that RiverStone, Fairfax’ runoff subsidiary, has entered into an agreement with Brit to purchase all of the outstanding shares of UK-based Brit Insurance Limited (BIL), which wrote UK …
Hagerty Insurance Agency, the specialist provider of collector vehicle insurance, announced that as of April 24, 2012 its subsidiary, Hagerty Canada, LLC, will make similar coverage available to all brokers in Canada. The policies will be underwritten by Aviva Canada …
If European countries are not prepared to bail out fellow euro zone members, maybe they should just abandon the whole concept of a common currency, Canadian Finance Minister Jim Flaherty said on Monday in some of his most direct remarks …
The ACE Group has announced new leadership appointments in its Canadian operations. Andrew Hollenberg, Regional Senior Vice President, Accident & Health (A&H) and Life for ACE Europe, has been appointed Country President, ACE Canada. He will oversee ACE’s property and …
Fireman’s Fund Insurance Co. in partnership with Allianz Global Corporate & Specialty, an Allianz affiliate company in Canada, has added an underwriting team to further expand its entertainment division and capabilities in North America. Led by Lynne Pepper, an entertainment …
