Segment
P&C Companies
Insurers battle against rising claims tide
June 12, 2001 by Canadian UnderwriterThe Canadian property and casualty insurance industry achieved a dismal 3.8% return on equity for the last four consecutive quarters through to the end of March 2001, according to the latest preliminary financial figures released by the Insurance Bureau of…
Kingsway enters U.S. alliance and announces public offering
June 11, 2001 by Canadian UnderwriterSpecialty risk insurer Kingsway Financial Services Inc. (TSE: KFS) has entered into an "alliance" with Texas-based auto insurer Reliant American Group Inc. "We see a lot of potential for the distribution of Reliant American’s commercial auto, garage liability and general…
ON THE RIGHT TRACK
May 1, 2001 Vikki SpencerA recent decision by the Newfoundland Public Utilities Board has created the platform for a “sure victory” for the property and casualty insurance industry’s Facility Association (FA). This development has also produced a heady start for Stan Griffin, the current…
CLAIM DISCOUNTING REGULATIONS LOOM
May 1, 2001 Sean van Zyl, EditorThe Insurance Bureau of Canada’s (IBC) annual “Financial Affairs Symposium” held in Toronto served the stage for a new industry regulatory battle with the Office of the Superintendent of Financial Services (OSFI) over what many insurers regard as a “surprising…
Queensway sells Canadian operations
May 1, 2001 by Canadian UnderwriterFinancially troubled specialty insurer Queensway Financial Holdings Ltd. (TSE: QFH) has signed a deal to sell off the last of its assets, with a letter of intent to sell Ontario auto insurer Coachman Insurance Co. to Saskatchewan Government Insurance. At…
BIRTH OF THE CAT BOND
May 1, 2001 Andrew RickardTHE FUTURE OF REINSUR ANCE FINANCING
New Lloyd’s includes tough stance
March 1, 2001 by Canadian UnderwriterFollowing an announcement of a major market “modernization restructuring” toward the end of last year, Lloyd’s of London has adopted two tough stands to ensure a more speedy flow of premiums collected as well as tighten up on shoddy regulatory…
TIME, a new currency for a new economy
February 1, 2001 David Plouffe, president of Insurance Technology Advisors Ltd.“If I could save time in a bottle…” These fateful words of the late Jim Croce, dating back to the 1970s may prove to be a most insightful prediction for the 21st century man. Why should you spend your time…
“Clicks and Mortar”
July 1, 2000 Sean van Zyl, EditorThere is little wonder to why insurance company leaders are reluctant to embrace e-commerce wholeheartedly. Having being struck a double whammy of first “panel beating” their multi-million dollar legacy-based systems into shape for Y2K, then being told these same platforms…
Sales Inducements: Let’s make a deal
July 1, 2000 Vikki SpencerThe rise of direct insurers has energized discussion about regulating product sales inducements. While many brokers fight to maintain the prohibition on inducements, others are asking the question, “who are we protecting?” And regulators are starting to respond, rewriting the…