Canadian Underwriter

Features


CEO panel, from left to right: Vincent Dowling, managing director of Dowling & Partners Securities L.L.C. (moderator), Heidi Hutter of Swiss Re America, Thomas Crawford of Prudential Property & Casualty Insurance Co., James Matschulat of Middlesex Mutual Assurance Co., Ramani Ayer of The Hartford Financial Services Group Inc. and Maurice Greenberg of American International Group.
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Batten down the hatches FOR 99

March 1, 1999 Lowell Conn and Sean Van Zyl

Reduced profitability, rising underwriting losses, increased competition and higher technology costs are likely to form the stage for the North American property and casualty insurance industry in 1999, according to the vast majority of respondents in an Insurance Information Institute (III) survey conducted at the annually held Joint Industry Forum which recently took place in New York City.

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Lombard and London Guarantee tie the knot

March 1, 1999 by Canadian Underwriter

Richard Patina, president of Lombard Commercial Lines and Robert Taylor, president of London Guarantee have announced the formation of a strategic alliance between the two insurance companies to refer business that falls within their respective areas of specialty. Lombard will

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Weathering the storm

March 1, 1999 Sean van Zyl, Editor

There are few leaders in the Canadian property and casualty insurance industry applying an optimistic view of business and earnings growth in 1999. In fact, premium growth across the lines is unlikely to exceed the country’s expansion of gross domestic

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Brokers concede commission disclosure

March 1, 1999 by Canadian Underwriter

Risk managers believe they have gained a small victory on the quality of service battleground with the insurance industry. The Risk & Insurance Management Society Inc. (RIMS) and global-brokers J&H Marsh & McLennan recently issued a joint statement to the

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On The Move (March 01, 1999)

March 1, 1999 by Canadian Underwriter

PMSC Ltd. has appointed Patrick Vice to the position of director of sales. Vice brings to the position over 18 years of experience in the insurance industry. David Wilmot has been named senior vice president and manager of Toa-Re Insurance

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OBITUARY

March 1, 1999 by Canadian Underwriter

Tony Thompson, founding publisher of Thompson’s World Insurance News passed away in his sleep in Toronto recently. He was 67. Thompson, widely respected throughout the insurance and media industries, started his weekly publication in 1988 as a one-man operation and

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RIMS 37th Annual Conference rides into Dallas

March 1, 1999 by Canadian Underwriter

The Dallas Convention Centre will host the 37th Annual RIMS Conference & Exhibition, expected to draw more than 9,000 risk management professionals from April 11th to the 16th. The conference will feature guest speaker Colin L. Powell, former U.S. Joint

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Reliance launches earnings protection U.S.

March 1, 1999 by Canadian Underwriter

-based Reliance National, a subsidiary of Reliance Group, has introduced Enterprise Earnings Protection Insurance (EEPI), the first insurance policy designed to protect publicly held companies against earnings disruption volatility and adverse results. EEPI covers a wide range of circumstances that

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Dispute resolution for the new millennium

March 1, 1999 by Canadian Underwriter

In response to the growing need for alternative and effective mechanisms in dealing with potential legal disputes, British Columbia’s insurance industry recently launched the Insurance Dispute Resolution Services of B.C. One of the more innovative features of this resolution process

GULLIVER
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Hub/Co-operators on partnership bandwagon

February 1, 1999 by Canadian Underwriter

Co-operators General Insurance Company is the latest insurer to take an ownership position in a broker network, trading its equity holdings in Ontario-based Barton Insurance Brokers to the Hub Group in exchange for an approximate 10% stake of the latter’s

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Letters (February 01, 1999)

February 1, 1999 by Canadian Underwriter

Dear editor: Vibration from construction equipment, or blasting operations commonly results in claims from nearby homeowners for structural damage to their residence. It is now common to conduct pre-construction surveys of such residences to document any existing damage prior to

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Aces high

February 1, 1999 by Canadian Underwriter

Bermuda-based ACE Ltd., listed on the NYSE, has acquired the global property and casualty insurance operations of CIGNA Corporation for US$3.45 billion. Subject to regulatory approval by the end of June this year, the deal will be cash financed which