Features
Coming Events (February 01, 2000)
February 1, 2000 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Ontario Insurance Adjusters Association:…
Zurich rumored bid for Royal & SunAlliance
February 1, 2000 by Canadian UnderwriterThe British-listed stock price of Royal & SunAlliance has skyrocketed on rumors of a planned multi-billion dollar bid for the company by Zurich Financial Services. No comment has been made by either the Zurich or Royal & SunAlliance global head-offices.…
Equisure and Brokerlink bare teeth
February 1, 2000 by Canadian UnderwriterMore shots have been fired in the hostile takeover bid by Equisure Financial Network of fellow consolidator Canada Brokerlink. Equisure, a holder of 700,000 shares in Brokerlink, has appealed to the Ontario Securities Council to set aside a shareholder rights…
Halifax presents new broker models
January 1, 2000 by Canadian UnderwriterResponding to a market survey of insurance brokers across Canada, ING Halifax is offering brokers three different partnership models in the coming years, Don Lough, ING Halifax president, told lunch guests at a recent Metropolitan Toronto Insurance Brokers meeting. ING…
Your Frontline Partner
January 1, 2000 Sam Malatesta Vice President, Marketing & Insurance Relations, CHow insurers treat customers when it counts most will be a critical marketing element that will lead to brand recognition and brand loyalty for all those involved in the insurance distribution channel.
Political Tremors
January 1, 2000 Sean van Zyl, EditorWelcome to a bright new bushy-tailed beginning of a year, or for that matter a new millennium, depending on your sentimental versus mathematical calculation. And, indeed, it would appear to be a bright year ahead, with fat company surpluses on…
CORRECTION (January 01, 2000)
January 1, 2000 by Canadian UnderwriterIn December’s Moves & Views, The Insurance Brokers Association of Canada 1999-2000 management committee (pictured here) was improperly identified as the Insurance Bureau of Canada’s 1999-2000 management committee. CU regrets the error.
Software standardizes claim costs
January 1, 2000 Michael AndrewsEach year U.S. insureds are involved in about 35 million automobile accidents. The cost to repair these vehicles tops an eye-popping nine billion dollars — more than the combined 1998 net incomes of Microsoft, Sears and Disney. Not surprisingly, automobile…
News (January 01, 2000)
January 1, 2000 by Canadian UnderwriterTristan Barter, son of Lloyd and Karen Barter of Ron Armstrong Insurance Broker, in Crysler, Ontario, is the recipient of the 1999 Cunningham Lindsey Colin MacKay Memorial Scholarship Award. This annual scholarship is available to students enrolled in first-year studies…
CIBC cuts back on insurance
January 1, 2000 by Canadian UnderwriterIn a move towards cutting $500 million out of its operating expenses, CIBC recently announced it was cutting 4200 jobs, roughly 10% of its entire workforce. While the bank will not release figures on the jobs being cut — maintaining…
GETTING TO GRIPS WITH CLAIMCOSTS
January 1, 2000 Sean van Zyl, EditorWith little room to maneuver on premium growth and enhancing investment returns, property and casualty insurers are likely to turn their attention in the year ahead to better risk selection and improved claims handling efficiency to boost bottom-line performance, industry…
Commercial Risk Under JIT
January 1, 2000 by Canadian UnderwriterThe “just-in-time” (JIT) efficiency supply process has over recent years become more than just a popular fad among manufacturers, it has become an engraved business philosophy having produced significant operating savings to companies. However, when evaluating commercial coverages, insurers need to carefully weigh up all the risk factors associated with JIT.