Canadian Underwriter

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Reconfiguring CSIO

February 1, 2004 Vikki Spencer

When David Patrick took over the top spot at the Centre for Study of Insurance Operations (CSIO) eight months ago, it was an organization in need of an overhaul. Its major undertaking, the internet portal to link brokers and insurers, was over budget and off track. But, Patrick relishes the role of the “turnaround artist” and says with the renewed support of all within the insurance industry, the CSIO portal will become reality.

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The Portal: Reloaded

February 1, 2004 Craig Harris

After numerous launch delays, the Centre for Study of Insurance Operations (CSIO) believes that its long-awaited Internet portal is ready to go live. However, while proponents of the portal talk of a new industry-wide commitment to comparative rating, single sign-on and new business transactions, others say the execution of the project remains riddled with bugs, design flaws and delays. Is the portal real, or is it merely an elaborate illusion?

CIP Society
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Views (February 01, 2004)

February 1, 2004 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) kicked off its annual BIP advertising campaign last month at the Canadian National Figure Skating Championships. The well-received “Blanket-Anthem” television spots will run from January 5 to the end of May 2004 on

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Fairmont Specialty Given Okay by US Regulators

February 1, 2004 by Canadian Underwriter

Fairfax’s Fairmont Specialty Group Inc. – which includes the remaining business of former subsidiaries TIG Insurance Group and Ranger Insurance Group – says U.S. regulators have given a “thumbs up” to the company’s structure and capitalization. The announcement prompted rating

Ross Totten
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Totten Group Buys August Group Risk Management

February 1, 2004 by Canadian Underwriter

London, Ontario-based wholesaler Totten Insurance Group has bought August Group Risk Management, an underwriting office serving brokers of Aviva Canada. Totten Group CEO Ross Totten says AGRM will remain at its current location and become a division of Totten, continuing

Alain Thibault
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Meloche Monnex Buys Liberty Mutual’s Personal Lines

February 1, 2004 by Canadian Underwriter

TD Bank’s insurance arm, Meloche Monnex, has acquired the Canadian personal lines book of Liberty Mutual, a subsidiary of the Boston-based Liberty Group. The terms of the deal were not disclosed. Meloche Monnex, which sells personal home and auto insurance

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Moments in Time (February 01, 2004)

February 1, 2004 by Canadian Underwriter

Each month of this special 70th anniversary year, Canadian Underwriter will look back at a pivotal period in the industry’s history. These are the people, events and issues that have shaped Canadian Underwriter and the insurance industry for seven decades.

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Going Wireless

February 1, 2004 Chris Venn

It would seem in today’s tough market environment that “flexibility” has become a competitive (perhaps survivalist) tactic for brokerages in responding to the shifting “marketscape”. And, I have seen brokers respond in many different ways – with some of these responses having been very creative and surprising. “Wireless networking” is one such creative solution.

Catherine Rein
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U.S. Primary Market Outlook: Big Stakes Game

February 1, 2004 Sean van Zyl, Editor

A survey conducted by the Insurance Information Institute (III) of the 250 insurance management attendees of its annually held Joint Industry Forum (JIF), which this year’s event recently took place in New York, suggests that four out of five U.S.

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Internet Data Exchange: Crossing the Lines

February 1, 2004 Lee Slack

For many years, brokers have sought technology that could seamlessly integrate sales-side systems with financial service carrier back-offices. This “holy grail” of broker technology is not merely a distant dream – it is available today.

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The “Multi-Sport” Rack Option

February 1, 2004 Kevin Campbell

While insurer and other industry Internet-based portals have made progress in simplifying personal lines processing, this is not the case with commercial lines. Some companies are building proprietary websites for commercial quotes. While this may please smaller brokers, it represents two steps backward for those brokerages who had invested in automating their commercial lines. Fortunately, tapping into new Internet technology provides a solution to satisfy all brokers.

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Taking CAT Risks to the Next Advancement

February 1, 2004 Dennis Kuzak

The longstanding business of insurance – whereby risk of loss is transferred for a price per a set contract – has withstood wars, disasters, politics and time. Yet, the business of risk transfer has not remained “timeless” in that market forces have adapted with the changing needs of a developing and ever advancing society. The growing popularity of “cat bonds” as a form of investment as well as that of risk hedging against large unexpected losses therefore should come as no surprise to insurers.