Canadian Underwriter


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Lombard and London Guarantee tie the knot

March 1, 1999 by Canadian Underwriter

Richard 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

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The lights dim on

March 1, 1999 Ted Belton, director of research at RBC Underwriting Management

The fair-weather profit years which the property and casualty insurance industry has enjoyed since the mid-1990s is likely to run into a storm in 1999 with companies generating single digit returns on equity (ROE). Projections based on third-quarter StatsCan data

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EDC hits record levels in 98

March 1, 1999 by Canadian Underwriter

The Export Development Corporation (EDC) posted record year end results for 1998. The corporation provides financial and risk management services to Canadian exporters, serving a record 4,183 exporters last year — a 13% increase on 1997. The EDC’s business volume

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the Davids and the Goliath

March 1, 1999 Shelley Boyes

Since Saskatchewan’s decision to introduce public auto insurance in 1946, the advancement of government insurers across the provinces has been a sharp thorn in the side of Canada’s private property and casualty insurance industry. The “socialist disease” of government-run auto

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Risk Management: It’s a Buyer’s Market

March 1, 1999 Lowell Conn and Sean van Zyl

Despite 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

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Reliance launches earnings protection U.S.

March 1, 1999 by Canadian Underwriter

-based Reliance National, a subsidiary of Reliance Group, has introduced Enterprise Earnings Protection Insurance (EEPI), the first insurance policy designed to protect publicly held companies against earnings disruption volatility and adverse results. EEPI covers a wide range of circumstances that

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Coming Events (March 01, 1999)

March 1, 1999 by Canadian Underwriter

Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Insurance Bureau of Canada:

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A turning point in professionalism

March 1, 1999 by Canadian Underwriter

The 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.

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Brokers concede commission disclosure

March 1, 1999 by Canadian Underwriter

Risk 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

illustration: gerald heydens
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A RISKY BUSINESS

March 1, 1999 Axiom

As 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

THOM THOMPSON-
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CORRECTION (March 01, 1999)

March 1, 1999 by Canadian Underwriter

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Letters (March 01, 1999)

March 1, 1999 by Canadian Underwriter

Dear editor: The following correspondence has been sent by Noble Insurance, an Ontario-based insurance brokerage, to Robert Gunn, president of Royal Insurance Company of Canada, Noel Walpole, president of Economical Insurance Group, Robert Landry, president of personal finance solutions at