Canada
Editor's comment: Cat among the pigeons
News of RSA's bid for the UK, Irish and Canadian general insurance businesses of Aviva has certainly thrown the cat among the pigeons. Over the weekend there was considerable speculation about who had leaked the story and the motive for doing so. Was…
RSA spotlight - Andy Haste: Playing the long game pays off for Haste
Following his interview with former RSA CEO Bob Mendelsohn and the news that RSA has approached Aviva to buy its UK, Irish and Canadian general insurance assets, Jonathan Swift reflects on the general insurance career of the company's current CEO Andy…
Analysts pour scorn on viability of RSA's Aviva bid
Aviva's concern over capital adequacy if it was a standalone life insurer is the main barrier to selling its general insurance arm to RSA, according to City analysts.
Aviva shareholders annoyed by RSA rebuttal as "everything" has a price
Both Standard Life and Royal London Asset Management are reported to be annoyed that Aviva's management rejected RSA's £5bn offer for the business without consulting shareholders.
Aviva took days to reject RSA's "unacceptable" £5bn GI business offer
Aviva took ten days from receiving a £5bn offer from RSA to rejecting it, the insurance group admitted today.
Insurers urged to join IASB debate
European insurers have been urged to keep down their own costs by implementing the long-awaited International Accounting Standards Board's common reporting framework into their Solvency II plans.
Broker JLT boss Dominic Burke hails Australasia arm as revenue and profits rise
Jardine Lloyd Thompson this morning reported a 21% rise in revenue to £377.8 (H1 2009: £313.0) and an underlying trading profit of £70.7 (H1 2009 £57.8m) up 22%.
DAS opens up shop in Canada
DAS UK Group has confirmed that its new Canadian subsidiary, DAS Legal Protection Insurance Company, will start writing business in Ontario on 5 July.
Willis Re opens Toronto office
Reinsurance broker appoints Robert M. Wildbore as office head for the fourth Canadian office.
QBE offers E&O in Canada
QBE has been granted service company status by Lloyd’s to provide errors and omissions insurance to SME's in Canada.
SCM talks set for full purchase of Axis
SCM Insurance Services will enter discussions with Axis Claims Pro to consider the purchase of its international arm "within a month".
QBE opens Canada Lloyd’s office
QBE has opened an office in Toronto to service its Lloyd’s business for the Canadian commercial insurance market.
Aviva regional broker director quits UK
Aviva has confirmed that Brigid Murphy, director of regional brokers for the UK general insurance business, is to leave her role in June.
External comparisons can create unexpected outcomes
External benchmarking can deliver unexpected and additional results, it emerged during a question and answer session. Jeff Rieder, president of the Ward Group, said experience has shown that, when looking at the top quartile of performers, those…
Beware of benchmarking pitfalls warns Axa chief
Axa Canada has been benchmarking for years — the only problem was that none of its three measures were giving the insurer what it needed to improve both processes and costs.
Oil spill costs Catlin $40m
Catlin has estimated its exposure to the Deepwater Horizon oil disaster is approximately $40m (£27m) net of reinsurance and reinstatements.
RSA may extend intermediary education scheme after success
RSA's international boss has admitted that it could roll its 'making partner' broker education initiative to other jurisdictions after its success in Canada.
SCM Insurance Services set to purchase Axis Adjusters Europe
Canadian firm SCM Insurance Services has agreed a deal to purchase Axis Adjusters Europe in a bid to help it service its continental clients.
Lloyd's broker expands overseas footprint with acquisition
Windsor has completed a deal for the minority interest in BGH Risk Solutions, a liability broker that operates in Canada, New Zealand and Australia.
Marsh appoints Americas energy boss
Marsh has appointed Andrew Herring as leader for the Americas of its wholesale energy practice
AIG sells Canadian mortgage insurance unit
US insurer sells Canadian mortgage unit to Ontario Teachers' Pension Plan for undisclosed sum.
RSA Canada signs deal with Duck Creek
software provider's commercial lines platform to be implemented
Canada reinsurance prices said to be surging
Reinsurance prices are moving upwards in Canada thanks to a change in catastrophe models, Reinsurance has learned.