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GA & Vector strike pact

January 1, 1999 by Canadian Underwriter

Listed broker-network Vector Intermediaries Inc. has struck a deal with General Accident Group (GA) which could cure the network’s cash woes. The deal, which could inject up to $35 million into Vector’s coffers, includes a $20 million loan facility made

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Do virtual insurers dream of electric premiums?

January 1, 1999 by Canadian Underwriter

Tomorrow’s insurers may become virtual companies that interact electronically with customers, while driving down costs and improving speed to market, a leading business futurist predicted at the opening of the U.S. Insurance Services Office Inc.’s (ISO) InsTech98 Conference. Dr. Bill

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BELAIRdirect goes online

January 1, 1999 by Canadian Underwriter

BELAIRdirect, a division of ING Canada, has raised the stakes in direct insurance by going to the Internet as a means of distribution. The direct writer launched its online car insurance quotation system in December. The first of its kind

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Crossing the line in the battle against cancer

January 1, 1999 by Canadian Underwriter

Insurance broker and vice president of Toronto-based KRG Insurance Group Eileen Greene recently fulfilled a prophesy and raised more than $10,000 in donations for the Women In Insurance Cancer Crusade (WICC). Her cause was motivated by her mother. Last year

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Bill 59 revised

January 1, 1999 by Canadian Underwriter

The legislative fine-tuning of Ontario’s auto insurance product under Bill 59, which carried through last month with the passing of Bill 90, was generally lauded by insurance, legal and medical professionals at a review seminar held by the Insurance Institute

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Sober Y2K predictions

January 1, 1999 by Canadian Underwriter

The recently held Employers Reinsurance Corporation seminar on Y2K risks delivered some serious food for thought. The most startling of the information revealed was delivered by the first three speakers who provided a broad outline of the technology disruption likely

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Insurer concerns taxi for take off

January 1, 1999 Sean van Zyl, Editor

Consolidation and cost cutting became the corporate buzzwords of the 1980s and 1990s, with operators from insurance to retail-chains through to the aviation industry embracing downsizing and cheaper marketing and delivery systems. The aviation business emerged from this process, particularly

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Claims management and the Environment

January 1, 1999 Cecil Jaipaul,

In the early days of environmental underwriting companies were often unaware of the full risk involved. For many companies the risks they took on and subsequent claims were not foreseen. For others, while the possibility of large claims may have

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THE ADJUSTERS’ DIPLOMAT

January 1, 1999 by Canadian Underwriter

Counting both independent and in-house insurance adjusters among its member base, the Ontario Insurance Adjusters Association (OIAA) requires a special breed of leader. The captain of this team must respect and grasp the sometimes contradictory priorities of its different faction members. Garth Roscoe is the leader as well as referee on the adjusting field.

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U.S. cat losses continue

January 1, 1999 by Canadian Underwriter

Catastrophe losses continued to dampen U.S. property and casualty underwriters’ results for the third quarter of 1998, according to A.M. Best Company. The industry’s net income for the period fell 15% from the previous year’s level, due to higher underwriting

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On The Move (January 01, 1999)

January 1, 1999 by Canadian Underwriter

St. Paul Canada recently appointed Brad Tamblyn to the position of assistant vice president-Ontario region, responsible for leading the Corporate Accounts Underwriting team which markets commercial insurance products. Tamblyn has 16 years of experience including a significant background in liability

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DCLI captures first policy

January 1, 1999 by Canadian Underwriter

DCLI Underwriters has issued its first policy under its new program, Defendant’s Commercial Litigation Indemnity (DCLI), president Pierre Gregoire recently told Canadian Underwriter. DCLI insures pending litigation that is either uninsured or underinsured. “In this case, the litigation was totally