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.
Renewal Changes for Most Commercial Lines Decrease in July and Q2, Says Ivans 
Lindsay Clancy Trial Focus Turns to Drugs Prescribed Before She Killed Her 3 Children 
Drivers of Mercedes AMG Cars File Class Action Over Burn Hazard From Logo on Seat 
AI Data Center Boom Is ‘Maxing Out’ P/C Insurers, AIG CEO Says 
