Category: Company News

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Ironshore Environmental Spills program expands to provide asset protection for site pollution risk

By ILSTV Staff on Sep 07, 2010 in Company News, Risk Management

Ironshore Environmental has expanded its suite of asset-class specific SPILLS programs to provide comprehensive environmental coverage to the Hospitality Sector. Ironshore’s Environmental Hospitality program offers asset protection against a broad range of site pollution exposures, including Mold, Legionella, Contingent Business Interruption, Norovirus and Recreational Water Illnesses (RWI), as well as other facility-borne infectious viruses and/or [...]

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Zurich North America Commercial launches enhanced Umbrella Liability Policy

By ILSTV Staff on Aug 31, 2010 in Company News

Zurich, one of the largest property and casualty insurers globally and in North America, introduces an enhanced Umbrella Liability Policy. In addition to the existing “Coverage A/Coverage B” form, which blends follow form excess insurance with umbrella coverage, Zurich now offers “Coverage C” Casualty Business Crisis Expense, which covers reputational risks and related issues. Previously [...]

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SGI funds new license plate recognition system for the RCMP

By ILSTV Staff on Aug 30, 2010 in Company News, Traffic Safety

As a part of SGI’s ongoing traffic safety partnership with the Saskatchewan RCMP, the provincial insurer is outfitting two vehicles with Automatic License Plate Recognition (ALPR) systems. SGI is providing $50,000 in funding for the project. . “Traffic safety is an important part of SGI’s commitment to making communities safer. ALPR license plate recognition is [...]

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Kidnapping and online predators rank as biggest concerns for parents of school-age children

By ILSTV Staff on Aug 23, 2010 in Company News, Risk Management

According to a survey of 654 parents of school-age children by the Chubb Group of Insurance Companies, more than two-thirds (67%) agree that today’s kids are exposed to more risks than they encountered during their own childhoods. In particular, older students (from middle school to college) face a mix of emerging and traditional risks that [...]

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ACE Canada appoints Bruce Walker as Chief Financial Officer

By ILSTV Staff on Aug 18, 2010 in Canadian Insurance, Company News

ACE Canada, the Canadian-based operating division of the ACE Group, announced the appointment of Bruce Walker as Chief Financial Officer. Mr. Walker will have overall responsibility for ACE Canada’s finance and information technology groups, and will provide leadership in budget management, financial reporting, internal controls, audit, and the strategic direction of its information technology division. [...]

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Isabelle Hudon appointed President, Sun Life Financial for Quebec

By ILSTV Staff on Aug 17, 2010 in Canadian Insurance, Company News

Sun Life Financial Inc. announced that Isabelle Hudon has been appointed President, Sun Life Financial for Quebec, to advance the Company’s growth plans in the province. Ms. Hudon officially joined the Company as August 9 and is working from the Sun Life Financial offices in Montreal. Ms. Hudon brings over twenty years of experience on [...]

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OneBeacon introduces new international coverages

By ILSTV Staff on Aug 12, 2010 in Company News

OneBeacon Insurance Group has expanded its international capabilities through broadened International Kidnap and Ransom and International Business Travel Accident coverages. OneBeacon said these coverages target several of the company’s specialty segments with international exposures, specifically Technology, Energy, Financial Services and Property and Inland Marine customers. The new coverages are available to current OneBeacon policyholders within [...]

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Marsh promotes new managing directors in North America

By ILSTV Staff on Aug 11, 2010 in Company News

Marsh has announced the appointment of 59 new Managing Directors in North America. The 2010 Class of Managing Directors work within a number of different risk practice and industry groups within Marsh and are located throughout the United States and Canada. “Achieving the milestone of Managing Director is a significant career accomplishment at Marsh,” said [...]

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EGI Financial announces resignation of officer

By ILSTV Staff on Aug 10, 2010 in Company News

EGI Financial Holdings Inc. announced that Mark Sylvia has tendered his resignation as chief executive officer and a director of the Company’s subsidiary, Echelon General Insurance Company, and his other positions within the EGI Financial group of companies, to pursue other interests. Mr. Sylvia has been an officer of EGI Financial and its predecessor companies [...]

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ICBC translation service will help customers in more than 170 languages

By ILSTV Staff on Aug 06, 2010 in Canadian Insurance, Company News

ICBC customers who need language assistance during the handling of their claims will now be able to converse freely in more than 170 languages through an interpreter. The initiative – provided by Language Line Services – is an on-demand, over-the-telephone translation service that was piloted this year in nine Lower Mainland claim centres and earlier [...]

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Western Financial Group doubles ownership position in Falkins Insurance

By ILSTV Staff on Aug 06, 2010 in Company News, Sales, Mergers & Acquisitions

Western Financial Group has increased its ownership position in Falkins Insurance Group from 20 percent to 40 percent. Falkins is south central British Columbia’s largest brokerage with locations in Cranbrook (2), Creston, Elkford, Fernie, Fruitvale, Golden, Kaslo, Kimberley, Salmo and Sparwood, B.C. Western said in addition to doubling the current ownership position, all parties have [...]

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Sun Life planting the seeds for more paperless claims

By ILSTV Staff on Aug 05, 2010 in Company News, Green

Sun Life Financial recently concluded a two-month campaign to educate clients about the benefits of reducing paper use in the claims process. Between May 3 and June 27, 2010, over 50,000 Group Benefits plan members registered for direct deposit and paperless claim statements, furthering Sun Life’s success in corporate sustainability practices. Sun Life has offered [...]

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Desjardins selects RR Donnelley to print statements

By ILSTV Staff on Aug 04, 2010 in Company News

The Desjardins Group has awarded a five-year printing contract to Illinois-based R.R. Donnelley & Sons Company. All banking and credit card statements as well as other documents will be produced by Donnelley for the Quebec-based financial services co-operative. Desjardins Group is the largest cooperative financial group in Canada, with overall assets of over $165 billion. [...]

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Aon Benfield launches new real-time catastrophe risk management tool

By ILSTV Staff on Jul 30, 2010 in Company News, Risk Management

Reinsurer and capital advisor Aon Benfield has launched ImpactOnDemand, a new generation of its risk management tools which allow insurers to visualize, quantify and connect their exposures to catastrophic events.  Insurers can upload their most current portfolios for viewing and analysis at any time. ImpactOnDemand combines the functionality of Aon Benfield’s ExposureView and CatPortal solutions [...]

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The Co-operators wins advertising awards

By ILSTV Staff on Jul 29, 2010 in Company News

The Co-operators recently received three awards at the 52nd annual Insurance Marketing & Communications Association (IMCA) 2010 Showcase Awards, held June 27-30 in Atlanta, Georgia. The organization won a Best of Show Award in the category of Print Product or Image Advertising – In-House B2C Marketing for its RESP printed marketing material. It also earned [...]

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