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Cat hits on U.S.

April 1, 1999 by Canadian Underwriter

January 1999 was the third-costliest January for the U.S. in terms of catastrophe claims on record with insurers paying an estimated $1.75 billion in damages. The claims result from four events, according to Insurance Services Office, Inc.’s Property Claim Services

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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

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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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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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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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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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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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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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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

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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The lights dim on

March 1, 1999 Ted Belton, director of research at RBC Underwriting Management

The fair-weather profit years which the property and casualty insurance industry has enjoyed since the mid-1990s is likely to run into a storm in 1999 with companies generating single digit returns on equity (ROE). Projections based on third-quarter StatsCan data

Glenn Carmen
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Liberty Risk Services’ LEADING-EDGE APPROACH to bottom-line savings

March 1, 1999 by Canadian Underwriter

Health management services have been an all or none proposition for corporate Canada. A company traditionally has to buy a bundle of services from one provider or assemble a program from a group of vendors. Liberty Risk Services Canada wants