Achieving New Heights at Calgary 2006
November 1, 2005 by Canadian UnderwriterCalgary 2006 Co-chairs: Marley Drainville and Joseph Restoule Calgary, the “Heart of the New West,” is a place in the foothills of Canada’s Rocky Mountains where visitors from across Canada come to discover a new world of exploration, experience and…
RBC Insurance opens in Hamilton, Ontario
November 1, 2005 by Canadian UnderwriterBuoyed by what it calls a warm reception to its new insurance office in Toronto, RBC Insurance is opening a second Canadian retail insurance office, once again to be located adjacent to one of RBC’s Royal Bank Ontario branches. RBC…
Chubb Corp and Stone Point LLC to create new reinsurer
October 26, 2005 by Canadian UnderwriterChubb Corporation [NYSE: CB] is teaming up with private equity firm Stone Point Capital LLC to start a new global reinsurance company named Harbor Point Limited.Harbor Point, which is to be based in Bermuda, is expected to have an initial…
AIG adopts corporate governance plans
October 24, 2005 by Canadian UnderwriterIn response to recent calls for corporate transparency in the insurance industry and a trend toward improved governance, the American International Group Inc. (AIG) has adopted new guidelines for board members oversight.The company’s board of directors move toward protecting against…
RBC Insurance opens new office in Hamilton
October 21, 2005 by Canadian UnderwriterBuoyed by what it calls a warm reception to its new insurance office in Toronto, RBC Insurance is opening a second Canadian retail insurance office located right next to RBC Royal Bank’s branch in the Centre Mall Branch of the…
What’s New: In brief
October 5, 2005 by Canadian UnderwriterCanada-specific software solutions developer PowerSoft and provider of technology solutions for the p&c insurance industry Applied Systems Canada have integrated PowerSoft’s PowerQuote rate comparison and sales tool with Applied Systems’ agency management systems, The Agency Manager (TAM) and TAMOnline. Making…
Aon sells Swett & Crawford (October 01, 2005)
October 1, 2005 by Canadian UnderwriterAon Corporation (NYSE: AOC) recently signed a definitive agreement to sell Swett & Crawford, its U.S.-based wholesale broking operation, to an investor group including Hicks, Muse, Tate & Furst Inc. (HMTF), Banc of America Capital Investors and Emerald Capital. A…
Kingsway buys HI Holdings (October 01, 2005)
October 1, 2005 by Canadian UnderwriterKingsway Financial Services Inc. (TSE:KFS,NYSE:KFS) has announced that it has reached a definitive agreement to acquire HI Holdings, Inc. (HI), including HI’s wholly owned Zephyr Insurance Company Inc. HI and Zephyr were formed in 2000 by its current shareholders, including…
Aon sells Swett & Crawford (September 23, 2005)
September 23, 2005 by Canadian UnderwriterAon Corporation (NYSE: AOC) recently signed a definitive agreement to sell Swett & Crawford, its U.S.-based wholesale broking operation, to an investor group including Hicks, Muse, Tate & Furst Inc. (HMTF), Banc of America Capital Investors and Emerald Capital. A…
Kingsway buys HI Holdings (September 12, 2005)
September 12, 2005 by Canadian UnderwriterKingsway Financial Services Inc. (TSE:KFS,NYSE:KFS) has announced that it has reached a definitive agreement to acquire HI Holdings, Inc. (HI), including HI’s wholly owned Zephyr Insurance Company Inc.HI and Zephyr were formed in 2000 by its current shareholders, including Everest…
The Trusted Advisor
July 1, 2005 Rick Bauman, President, Bauman Consulting IncorporatedTrust – a regularly mentioned, rarely explained and integral component of excellent sales and service strategies. Trust-based client relationships have a character all their own and brokers can develop this effective alliance by adopting a new approach to selling.
What’s New: In brief (May 19, 2005)
May 19, 2005 by Canadian UnderwriterIn a bid to expand services in Southern U.S., Hub International Ltd. opened a new office in New Orleans. Hub International Gulf South’s office of producers formerly members of Marsh & McLennan will provide Louisiana and nearby states with a…