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Newfoundland adopts graduated licensing

March 1, 1999 by Canadian Underwriter

The Insurance Bureau of Canada (IBC) has given a pat on the back to the Newfoundland and Labrador authorities who have adopted graduated licensing systems from January 1 of this year. Atlantic vice president of the IBC, Don Forgeron, says

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EDC hits record levels in 98

March 1, 1999 by Canadian Underwriter

The Export Development Corporation (EDC) posted record year end results for 1998. The corporation provides financial and risk management services to Canadian exporters, serving a record 4,183 exporters last year — a 13% increase on 1997. The EDC’s business volume

TOMLINSON
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Ontario auto falls again

March 1, 1999 by Canadian Underwriter

Private passenger auto insurance rates in Ontario decreased during the fourth quarter of 1998 according to the latest rate information published by the Financial Services Commission of Ontario (FSCO). This is the 10th successive quarterly decrease since 1996. Of the

GRIFFIN
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New Year’s weather hit

March 1, 1999 by Canadian Underwriter

The snowstorm which almost buried Toronto for the first two weeks of the new year is expected to cost insurers roughly $50 million, the Insurance Bureau of Canada (IBC) estimates. Around 115cm of snow fell on Toronto with heavy accumulations

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Hub goes public

March 1, 1999 by Canadian Underwriter

The Hub Group Ltd., a broker consolidator, has gone public listing on the Toronto Stock Exchange as HBG. The initial public offering, underwritten by CIBC Wood Gundy Securities, distributed $11.7 million Hub common shares to the public at an opening

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Coming Events (March 01, 1999)

March 1, 1999 by Canadian Underwriter

Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Insurance Bureau of Canada:

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Royal & SunAlliance in CG&B alliance

March 1, 1999 by Canadian Underwriter

Royal & SunAlliance Insurance Company of Canada has struck a strategic alliance with the Toronto-based broker network, CG&B Group. “We believe that in order for the CG&B Group to maintain our position as a profitable, growing and innovative firm we

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ING strengthens B.C. position

February 1, 1999 by Canadian Underwriter

ING Canada, through its Calgary-based subsidiary Western Union Insurance, has entered into a strategic alliance with B.C.-based BCAA. Under the agreement, ING will purchase BCAA’s subsidiary, BCAA Insurance Corporation, for undisclosed terms. BCAA will continue to sell home and auto

BELTON
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Call centres notch premiums

February 1, 1999 by Canadian Underwriter

Premiums generated by call centres in Canada have risen by 96% since 1994, says Ted Belton who addressed the Strategy Institute Call Centre Conference recently. Belton notes the more traditional distribution methods generated premiums at a lower 20% growth rate

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Third quarter data shows cat costs

February 1, 1999 by Canadian Underwriter

The U.S. property and casualty insurance industry posted US$23.2 billion in net taxed income for the first nine months of 1998, showing a 15% drop from the $27.4 billion made over the same period in 1997. The decline is attributed

During October, 1998, the Toronto Insurance Women's Association held its annual Insurance Information Week at the Hillcrest Mall, Pickering Town Centre and the Erin Mills Town Centre. Pictured from the Hillcrest Mall are (left to right) Val Lewis, Cheryl Morton, Norma Evans, Pam Skinner, Yvonne Lincoln, Genny Huta and Bonita Kearns; (kneeling in front) Frances McCaul.
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Coming Events (February 01, 1999)

February 1, 1999 by Canadian Underwriter

Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Canadian Insurance Accountants Association:

Sovereign General Insurance Company recently celebrated entering the Ontario commercial automobile field. Pictured are Ralph Cole, Sovereign's business development manager, Nick Maniatis, producer of Sovereign's first policy - with Adriatic Insurance Brokers, and Rita Nicolette, Sovereign's senior commercial automobile underwriter.
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News (February 01, 1999)

February 1, 1999 by Canadian Underwriter

The Professional Liability Underwriting Society (PLUS) recently held their international conference in Palm Springs, California, with over 2000 registrants in attendance. Founded in the U.S. in 1986 and having expanded into Canada in 1997, PLUS is a forum for individuals