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News Insurance

What’s new: In brief (August 10, 2004)

August 10, 2004 by Canadian Underwriter

In support of Mike Yang, a long-time insurance industry figure who is returning home following a serious illness, two fundraising events are planned. On Thursday, September 23 from 5-7 pm, Mike will be at the Windsor Arms Hotel at 18

News Insurance

Hub earnings up 15% on U.S. and Canadian success

August 2, 2004 by Canadian Underwriter

Chicago-based broker Hub International (TSX: HBG) saw improvement in its results coming from a variety of sources for the second quarter ending June 30, 2004 growth was experienced both organically and through acquisition, while both Canadian and U.S. operations performed

News Insurance

Compensation culture distracting business from core operations: U.K. survey

July 28, 2004 by Canadian Underwriter

Businesses in the U.K. say the growing compensation culture there is taking focus and resources away from core business and revenue generation, according to a new survey by international broker Aon.A full 75% of businesses surveyed say rising compensation trends

News Insurance

Event cancellation market stabilizing: Willis

July 26, 2004 by Canadian Underwriter

The event cancellation insurance market which took a roller-coaster ride after 9/11 is leveling off, according to a new report from international broker Willis.The study says premiums and terms in the event cancellation market are stabilizing despite ongoing turmoil in

News Insurance

CIAB 2-Q commercial market survey reflects price weakness

July 22, 2004 by Canadian Underwriter

U.S. commercial property and casualty insurance rates continued to decline in the second quarter of this year across the various business size segments of the marketplace, according to the latest quarterly broker member survey conducted by the Council of Insurance

News Insurance

What’s new: In brief (July 14, 2004)

July 14, 2004 by Canadian Underwriter

Kingsway Financial Services has promoted Claude Smith to the role of vice president and chief information officer. Smith has been with the company four years, and most recently held the same titles with subsidiary Kingsway General Insurance. Kingsway Financial has

News Climate ChangeInsurance

Global warming will lead to more extreme weather events: Benfield

July 13, 2004 by Canadian Underwriter

Even as some countries prepare to comply with the Kyoto Protocol, new research suggests greenhouse gas emissions are on the rise, and the global warming impact of these emissions will surely cause more intense weather events for insurers to deal

News Insurance

Hub buys California brokerage

July 12, 2004 by Canadian Underwriter

Broker consolidator Hub International Ltd. has purchased California-based Payne & Co. Insurance Brokers Inc.The brokerage, acquired for an undisclosed amount of cash, brings in about US$2 million in annual revenue, largely focused on middle market commercial business benefits and personal

News Climate ChangeInsurance

What’s new: In brief (July 12, 2004)

July 12, 2004 by Canadian Underwriter

The Women in Insurance Cancer Crusade is hitting the track, the horse track that is, with a “Night at the Races” planned for Wednesday, September 1. The evening of fine dining and thoroughbred racing is slated for Toronto’s Woodbine racetrack,

News Insurance

What’s new: In brief (July 11, 2004)

July 11, 2004 by Canadian Underwriter

Anthony Clark International Insurance Brokers has named Patti Runnalls to its board of directors. She is a chartered accountant and controller for Onyx Energy Inc. U.S. insurers are unimpressed with a draft “best practices” document produced by the National Association

News Insurance

Western Financial buys two Alberta brokerages

July 5, 2004 by Canadian Underwriter

Western Financial Group has picked up two new Alberta brokerages, bringing the total number of offices in the WFG Agency Network to 55.Page Insurance Ltd. of Drumheller, Alberta and Bru Agencies Ltd in Hanna, join WFG, with Ray Page and

News Insurance

Robey retires after 36 years of service

July 5, 2004 by Canadian Underwriter

On June 29 Aon Re Canada held a staff reception to recognize the retirement of Chris Robey after 36 years of service at Aon Re and its predecessor companies. Robey was instrumental in the growth of the company, says John