Canadian Underwriter


Weathering the storm

March 1, 1999 Sean van Zyl, Editor

There are few leaders in the Canadian property and casualty insurance industry applying an optimistic view of business and earnings growth in 1999. In fact, premium growth across the lines is unlikely to exceed the country’s expansion of gross domestic

CEO panel, from left to right: Vincent Dowling, managing director of Dowling & Partners Securities L.L.C. (moderator), Heidi Hutter of Swiss Re America, Thomas Crawford of Prudential Property & Casualty Insurance Co., James Matschulat of Middlesex Mutual Assurance Co., Ramani Ayer of The Hartford Financial Services Group Inc. and Maurice Greenberg of American International Group.

Batten down the hatches FOR 99

March 1, 1999 Lowell Conn and Sean Van Zyl

Reduced profitability, rising underwriting losses, increased competition and higher technology costs are likely to form the stage for the North American property and casualty insurance industry in 1999, according to the vast majority of respondents in an Insurance Information Institute (III) survey conducted at the annually held Joint Industry Forum which recently took place in New York City.


Skills in risk

March 1, 1999 Richard Saylor, a risk management consultant and former risk & i

Every 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 Underwriter

Royal & 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

During October, 1998, the Toronto Insurance Women's Association held its annual Insurance Information Week at the Hillcrest Mall, Pickering Town Centre and the Erin Mills Town Centre. Pictured from the Hillcrest Mall are (left to right) Val Lewis, Cheryl Morton, Norma Evans, Pam Skinner, Yvonne Lincoln, Genny Huta and Bonita Kearns; (kneeling in front) Frances McCaul.

Coming Events (February 01, 1999)

February 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. Canadian Insurance Accountants Association:


Aces high

February 1, 1999 by Canadian Underwriter

Bermuda-based ACE Ltd., listed on the NYSE, has acquired the global property and casualty insurance operations of CIGNA Corporation for US$3.45 billion. Subject to regulatory approval by the end of June this year, the deal will be cash financed which



February 1, 1999 Andy Walker

Instant 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

Feature lifts technology bar

February 1, 1999 by Canadian Underwriter

Delphi Information Systems Inc., another supplier of broker management software, has released details of a new web browser-enabled policy management system. Located at, provides carriers and brokers with a data exchange system that allows brokers to send information


Where the paper trail stops

February 1, 1999 Philip Sceviour, President of Panda Systems Inc.

With most insurance claims the paper trail starts with an incident report. The incident report is then prepared as a claim report by the internal claims handler who in turn creates a paper track process. A third party adjuster then


Reinsurers partner on weather trades

February 1, 1999 by Canadian Underwriter

New York-based Worldwide Weather Trading (WWT), a trading company dealing exclusively in weather hedges, has announced agreements with 10 reinsurers to underwrite its trading risk. With the announcement, the company unveiled its new trading offices in New York, facilitating full-scale


Solutions from the Ashes

February 1, 1999 Lowell Conn

The Synchron initiative, once heralded as the industry’s ultimate electronic interface solution between companies and point of sale, collapsed last year. From its ashes have risen several alternative solutions, one of the most prominent being The Freedom Alliance, a strategic


AutoRate Warning

February 1, 1999 Linda Matthews, COO of Royal & SunAlliance

Ontario’s auto insurance regulations under Bill 59, and the latest revisions under Bill 90, have created a unique legislative environment in the provincial governing of consumer insurance. So much so that several provincial insurance regulators have eyed the legislation as