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Queensway tumbles in second quarter

October 1, 1999 by Canadian Underwriter

Queensway Financial Holdings Ltd. (TSE: QFH), recently the subject of a management purge by new U.S.-based majority stakeholders, has released its second quarter figures posting a significant loss over last year’s figures. For the first six months of 1999, the

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Conning: M&A activity slowing down

October 1, 1999 by Canadian Underwriter

In a new study released on insurance mergers & acquisitions and public equity offerings for the first half of 1999, Conning & Company reports an overall 71% decline in activity value and a 9% decrease in the volume of transactions

Franklin, Virginia under six feet of Hurricane Floyd flood water. Photo by Liz Roll/ FEMA News Photo.
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U.S. insurers hit by Floyd

October 1, 1999 by Canadian Underwriter

U.S. property and casualty insurers will pay homeowners and businesses an estimated $1.3 billion for insured property damage caused by Hurricane Floyd, according to preliminary calculations by the Insurance Services Office Inc. Hurricane Floyd hit 16 states, from Florida to

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Data privacy issue reaching apex

October 1, 1999 by Canadian Underwriter

Data security consultants NCR Corporation recently held a meeting for Canada’s business leaders in the retail, financial, telecommunications, insurance and government sectors, entitled “Consumer Privacy: Good for Business”. The session examined how Canadian organizations can balance the global demand for

IBAC's new executive directors: From right to left, president Jim Ball, vice president Ginny Bannerman, vice president Randy Parker, chairman Michael Toole, executive director Mabel Sansom, and president elect Kevin Umlah.
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IBAC’s “Wave of Change”

October 1, 1999 by Canadian Underwriter

Jim Ball, appointed president of the Insurance Brokers Association of Canada (IBAC) for the 1999/2000 term at the association’s recently held annual general meeting in Winnipeg, Manitoba, predicts a secure future ahead for independent brokers. However, like the inevitability of

GULLIVER
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Hub acquires wholesale specialist

October 1, 1999 by Canadian Underwriter

In a move paralleling Equisure Financial Network’s 1997 acquisition of wholesale broker South Western Group, broker network The Hub Group has purchased KMS Insurance. Terms and the value of the transaction were not released. Rick Gulliver, president of Hub, says

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On The Move (September 01, 1999)

September 1, 1999 by Canadian Underwriter

H. Rodrigues, chair of Facility Association and George Anderson, president of the Insurance Council of Canada have announced the appointment of Stan Griffin as president and chief executive officer of Facility Association. The appointment represents an expected one-year secondment from

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News (September 01, 1999)

September 1, 1999 by Canadian Underwriter

The Insurance Brokers Association of Canada’s (IBAC) recently held broker-based CEO symposium featured a speech by IBAC president Michael Toole, who outlined association initiatives for the future. One idea bandied about was a decision to move the IBAC management team

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Y2K: rollingthe dice

September 1, 1999 Sean van Zyl, Editor

With year 2000 reinsurance treaty negotiationscurrently in full swing, there is a desperate hope among the players that rates will return to moresensible levels. However, faced with increasedcompetition, both locally and globally, reinsurersanticipate a long road ahead before the soft

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Proactive or Reactive

September 1, 1999 by Canadian Underwriter

The Dominion of Canada General Insurance Company’s answer to the direct writing threat, Chieftian Insurance, is one of the future consumer-interaction options open to brokers, predicts Alan Hanks, vice president field operations of the new company. Hanks outlined the broad

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LONDON calling

September 1, 1999 Glenn McGillivray, head of corporate communication at Swiss Rein

Since reforms in the mid-1990s, more and more corporate capital is flowing into Lloyd’s of London — much of it from some of the world’s most noted reinsurers. Could this injection of new capital forge the rebirth of the world’s most unique insurance market?

george cooke
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Cooke predicts fair future for independent brokers

September 1, 1999 by Canadian Underwriter

“The future of the independent broker is up to the independent broker,” says George Cooke president of The Dominion of Canada General Insurance Company. A favorable future lies ahead of the independent broker if the members of the profession want