Features
Hub releases 2nd quarter, expands South
September 1, 1999 by Canadian UnderwriterPublicly traded broker network The Hub Group Ltd. has released its second quarter figures posting promising earnings in the face of many acquisitions. Total revenue in the second quarter amounted to $19.1 million, bringing year to date revenue to $35.2…
First North American conference a go
September 1, 1999 by Canadian UnderwriterWith mass consolidation converting the insurance industry into a global industry — and the increased cross-border transactions, partnerships and mergers between U.S. and Canadian insurer — it is fitting that North American insurers will meet this Fall for the first…
Brokerlink consolidates Vector
September 1, 1999 by Canadian UnderwriterListed broker consolidators Canada Brokerlink Inc. and Vector Intermediaries Inc. have announced their intention to merge operations with netpremium volume of $277 million. The newly formed corporation — expected to retain the Brokerlink brand name — will trade shares with…
Corroon sells Ottawa business
September 1, 1999 by Canadian UnderwriterGlobal broker Willis Canada has divested its Ottawa area commercial accounts to regional broker Binks Insurance Brokers Ltd. in a move industry observers suggest could be a sign of things to come in the commercial brokerage sector. Terms of the…
Letters (September 01, 1999)
September 1, 1999 by Canadian UnderwriterDear Editor, We read the article by Lowell Conn, titled “Faith & Honour”, in your April 1999 publication and would like to comment on a couple of statements attributed to Ginny Bannerman. Ms. Bannerman is quoted as saying, in reference…
Regulating professional Virtue
August 1, 1999 by Canadian UnderwriterRecent years have seen the emergence of ethical issues relating to multi-disciplinary professional firms such as lawyers and accountants. Questions have been raised over the role such organizations play in providing global services to companies such as insurers while maintaining confidentiality of the information handled and thereby avoiding potential conflicts of interest. A recent legal case has drawn a clearer picture of this ethical debate.
could this year be THE BIG ONE?
August 1, 1999 Sean van Zyl, EditorAlan Greenspan only has to mention inflation and interest rates in the same breath to send the investments markets into spasm. His most recent economic brief, presented toward the end of July, knocked off close to 3% of the value…
TURNING TO LEARNING
August 1, 1999 Jaellayna Palmer & Peter Smith of Learn2BeAs insurance professionals, we sell not only security, but also knowledge. Our competitive advantage is often based on what we know and how well we can apply it. This means that individually, as brokers, and collectively as an industry, learning…
Bell fire losses minimal
August 1, 1999 by Canadian UnderwriterThe insurance industry got off lightly from the July 16 fire at a downtown Toronto Bell Canada switching station in which phone service was cut off for 113,000 downtown homes and offices for nearly five hours. Initial estimates had the…
Co-operators secures Quebec stake
August 1, 1999 by Canadian UnderwriterThe Co-operators group has expanded into the Quebec market by acquiring a broker-based underwriter, L’Union Canadienne compagnie d’ assurances from Unindal Inc. The deal, which is subject to regulatory approval, will boost the group’s premium income by about $100 million…
RISK MANAGEMENT ‘DOWN UNDER’– a Canadian perspective
August 1, 1999 Lovel Vining, risk manager at Mayne Nickless Ltd. (Canada)Webster’s New Collegiate dictionary defines the word “risk” as being “the chance of loss or the perils to the subject matter of an insurance contract”. It also defines “management” as “the act or art of managing: control or direction.” Dictionaries,…
Managing web exposures
August 1, 1999 Marcus Snowden, partner at McCague, Wires, Peacock, Borlack & LlWith e-commerce widely predicted to explode into the mainstream world of business in coming years, the lure of “getting into the ‘net game” before it becomes too late is almost irresistible for most companies. In particular, the Internet is expected…