What’s New: In Brief (February 28, 2006)

Anthony Clark International Insurance Brokers Ltd. (TSX:ACL) has appointed Robert M. Sadleir to the Corporation’s board of directors. Sadleir is a chartered accountant and vice-president finance for Cal-Gas Inc. Sadleir offers knowledge and experience in the areas of finance, corporate strategy, and general business operations. Anthony Clark is a general insurance broker and has expanded principally though internal growth and brokerage acquisitions of 23 general insurance brokerages and processes approximately CDN$107 million annually in insurance premiums for its 63,000 customers.

Statistics Canada recently released figures indicating that Canada’s private auto insurers, posted pre-tax profits of approximately Cdn$16 billion during the last three years. This figure represents a higher profit than has been recorded in the previous nine years combined an increase that is in part due to Atlantic Canadian drivers.