June 1, 2000 by Canadian Underwriter
Larry Simmons is stepping into the role of president and COO of Royal & SunAlliance Canada, effective with the departure of Linda Matthews later this year. Simmons is currently COO of commercial insurance for the company’s US operations and has been with R&SA since 1988. The company has also announced the promotion of Terry Broderick to president and CEO of its US operations.
Gerlng Global Reinsurance Company has announced the appointment of John Game and Stephen Philip as vice presidents of its treaty department. Both are former assistant vice presidents responsible for treaty underwriting and marketing.
Gary Winston has been promoted to vice president of corporate sales, North America, at Cybersettle.com, the on-line claim resolution company announced recently. Winston was formerly vice president and general manager of Canadian operations for Cybersettle, and was responsible for launching the system in the Canadian market. Paul Minnoch and Helen Walt will manage the company’s Canadian operations.
The Citadel General Insurance Company and L’Unique, Compagnie d’Assurances Generales have announced the appointment of Paul Demare to vice president of field operations, central region.
The Co-operators is joining the Canadian mutual fund market with the creation of Co-operators Mutual Funds Limited, the Guelph, Ontario based company recently announced. The mutual fund company will be officially launched in September, with David Hartman taking over as president. Hartman is currently vice president, tax and treasury services for The Co-operators. Company president and CEO Terry Squire said the new company “marks an exciting expansion of our product line and another example of our commitment to provide clients with a full range of financial services, when, where and how they wish to buy them.” The Co-operators also announced that its consolidated written premium for 1999 increased 6.6%, to $1.7 billion, including $53 million in gross written premium from the acquisition of Quebec company L’Union Canadienne. However, after tax profit for 1999 was $29 million, compared with $51 million in 1998, as a result of restructuring costs and extreme pricing pressures.
Have your say: