Risk Management: It’s a Buyer’s Market
March 1, 1999 Lowell Conn and Sean van ZylDespite deteriorating conditions in the property and casualty insurance market, insurers continue to slash already low premium rates. Market observers forecast this trend to continue for at least 24 months as insurers prioritize marketshare over revenue prosperity. Simply put, the…
Hub goes public
March 1, 1999 by Canadian UnderwriterThe 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…
Skills in risk
March 1, 1999 Richard Saylor, a risk management consultant and former risk & iEvery end is a new beginning. This has never been truer than in today’s fast paced world where everyone and everything is constantly being reinvented. As I look at my career in the risk management field, I can see that…
Royal & SunAlliance in CG&B alliance
March 1, 1999 by Canadian UnderwriterRoyal & 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…
Dispute resolution for the new millennium
March 1, 1999 by Canadian UnderwriterIn response to the growing need for alternative and effective mechanisms in dealing with potential legal disputes, British Columbia’s insurance industry recently launched the Insurance Dispute Resolution Services of B.C. One of the more innovative features of this resolution process…
A turning point in professionalism
March 1, 1999 by Canadian UnderwriterThe risk management profession is coming of age, says Susan Meltzer the incoming president of the Risk and Insurance Management Society Inc. Meltzer will be the fifth Canadian president to take the reins of North America’s most prestigious organization representing the development of risk managers. She is also the first Canadian woman to occupy the presidency chair of RIMS, a task she does not find daunting in the least. Her message: it’s time for risk managers to look ahead.
A RISKY BUSINESS
March 1, 1999 AxiomAs I approached the first aisles of the “Exhibitors’ Showcase” it occurred to me for perhaps the sixth or seventh time just how technologically advanced our business had become. The three-day-long brokers’ convention had started, and half of the convention…
Brokers concede commission disclosure
March 1, 1999 by Canadian UnderwriterRisk managers believe they have gained a small victory on the quality of service battleground with the insurance industry. The Risk & Insurance Management Society Inc. (RIMS) and global-brokers J&H Marsh & McLennan recently issued a joint statement to the…
Lombard and London Guarantee tie the knot
March 1, 1999 by Canadian UnderwriterRichard Patina, president of Lombard Commercial Lines and Robert Taylor, president of London Guarantee have announced the formation of a strategic alliance between the two insurance companies to refer business that falls within their respective areas of specialty. Lombard will…
Dominion sets Chieftain launch
March 1, 1999 by Canadian UnderwriterDominion of Canada General Insurance has joined the growing rank of insurance companies offering broker call centre services. In the spring of this year Dominion will launch Chieftain Insurance in the Alberta and Ontario personal lines markets. Dominion president George…
ebix.com lifts technology bar
February 1, 1999 by Canadian UnderwriterDelphi Information Systems Inc., another supplier of broker management software, has released details of a new web browser-enabled policy management system. Located at www.ebix.com, ebix.com provides carriers and brokers with a data exchange system that allows brokers to send information…
WWW.SEEKING YOU
February 1, 1999 Andy WalkerInstant communication has come to the computer desktop through a miraculous little software company called Mirabilis. The Tel Aviv based company has revolutionized communication across the Internet with its innovative little program called ICQ which translates to the not-quite-acronym “I…