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8 May 2014 | Press Release

The Boiler Inspection and Insurance Company of Canada Announces Senior Management Appointments and Realignments

Dave Picot

Dave Picot has been appointed chief operating officer and corporate secretary, overseeing the company’s commercial brokerage channel through its national network of branch and regional offices, its reinsurance assumed business, and new strategic products. Dave Picot has been an officer of HSB BI&I since 2004 and has held various executive roles, including responsibility for underwriting, claims, engineering and inspection. He assumed the role of corporate secretary in 2007 and was promoted to senior vice president in April 2012. Dave most recently held the position of chief financial officer. Dave holds a BA from the University of Western Ontario and is a fellow chartered insurance professional (hons).

Mark Moore

Mark Moore has been appointed chief financial officer and vice president. With 20 years of accounting and finance experience, Mark has held various senior management roles in the insurance industry, including the positions of vice president reinsurance and corporate controller. Mark holds a bachelor of arts in economics from the University of Western Ontario and a chartered accountant designation from the Chartered Professional Accountants of Ontario.

David Pivato

David Pivato has been appointed vice president. In his new role, David will continue to be responsible for HSB BI&I’s underwriting functions and reinsurance risk management program. His appointment reflects expanded responsibility for supporting the underwriting of new products and renewable energy. David is a professional engineer, holds a Canadian risk management designation, is a fellow chartered insurance professional, member of the executive committee of the Canadian Boiler and Machinery Underwriters Association, and sits on the Underwriting Wordings Committee of the Insurance Bureau of Canada.


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For further questions please contact

Media Relations, HSB BI&I, Silvana Martins

Tel.: (416) 216-7204


Media Relations, Munich Reinsurance America, Terese Rosenthal

Tel.: (609) 243-4339


About The Boiler Inspection and Insurance Company of Canada

The Boiler Inspection and Insurance Company of Canada, a member of the HSB Group and part of Munich Re’s Risk Solutions family, provides the industry-leading range of specialty equipment breakdown insurance coverages for business and home. As Canada’s leading equipment breakdown insurer, the company helps clients reduce risk through a unique combination of specialty coverages, engineering-based risk management strategies, and an in-house team of jurisdictional and loss-prevention inspectors. For more information, visit biico.com.

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About Munich Re

In North America, Munich Re provides access to a full range of property and casualty reinsurance and specialty insurance products through Munich Reinsurance America, Inc., American Modern Insurance Group and Hartford Steam Boiler Group. Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2013, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.3bn on premium income of around €51.5bn. It operates in all lines of insurance, with around 45,000 employees throughout the world. With premium income of around €28bn from reinsurance alone, it is one of the world’s leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in the ERGO Insurance Group, one of the major insurance groups in Germany and Europe. ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In 2013, ERGO posted premium income of €18bn. In international healthcare business, Munich Re pools its insurance and reinsurance operations, as well as related services, under the Munich Health brand. Munich Re’s global investments amounting to €209bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.


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Contact Media Relations

Silvana Martins
Tel.: (416) 216-7204

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