ING Canada announced that Royal & SunAlliance Canada (R&SA) has acquired the renewal rights of ING Insurance Company of Canada’s $13-million commercial marine insurance business, effective Sept. 1, 2005.
Under the terms of the agreement, R&SA has acquired the renewal rights to all ING Insurance’s commercial ocean marine insurance business, which includes hull, cargo and liability insurance as well as yacht programs underwritten through several Managing General Agencies.
ING Insurance will however continue to provide insurance to individual yacht owners as part of their home or cottage coverage.
Topics Commercial Lines Canada
Was this article valuable?
Here are more articles you may enjoy.
Miami Moves to Seize Part of Posh Island After Fuel Fight 
Renewals for Most Commercial Lines Decrease in May, Says Ivans 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk 
