Hi-Alta maintains acquisition spree
June 1, 2001 by Canadian UnderwriterWestern Canada-based broker network Hi-Alta Capital Inc. (TSE: HIA) reported a 35% increase in net income to $465.5 million for the 2000 financial year compared with 1990’s $345.3 million. This equals earnings of 429 a share for 2000 (1999: 347)…
On The Move (May 01, 2001)
May 1, 2001 by Canadian UnderwriterNew Insurance Brokers of Toronto Region president David Forster (right) presents a plaque commemorating the service of immediate past president Michael Freedman at the association’s annual general meeting recently. Douglas G. Hogemboom has been appointed president and CEO of Empire…
New Heights for Regulation
February 1, 2001 Vikki SpencerLike it or not, Winston Morris, chair of Canadian Council of Insurance Regulators (CCIR) and assistant deputy minister of commercial and corporate affairs in Newfoundland and Labrador, has found his name in the news quite a bit lately. Public hearings…
Demystifying group business
January 1, 2001 Brian Reeve, a senior at Cassels Brock & Blackwell LLPOne area of great confusion that exists in the insurance market in Canada today is the status of group property and casualty coverage. The advantage of group coverage is that it can be sold without a licensed broker being involved.…
Professional Development: STAYING THE COURSE
August 1, 2000 Vikki SpencerRegulatory harmonization, multi-licensing, mergers and consolidations. In a world of rapid change, ongoing education has become a key survival tool of the new insurance landscape. Whether driven by consumers, regulators or employers, the trend is moving toward increasingly higher levels…
Empowering leadership in the “technology millennium”
August 1, 2000 Sean van Zyl, EditorReforming company management structures to deal with the rapidly evolving marketplaces of financial services formed the central focus of the International Insurance Association Inc.’s (IIA) 36th annual conference, which was recently held in Vancouver. The prime drivers of change impacting…
Reinsurance market innovations: Staying Alive
July 1, 2000 Glenn McGillivray, head of corporate communication at Swiss ReinWhat are some of the world’s reinsurers doing to move forward amid what has been the worst market downturn in recent memory?
CIBC Bank disposes of insurance businesses
July 1, 2000 by Canadian UnderwriterFollowing several months of rumor that the Canadian Imperial Bank of Commerce (CIBC) was looking for an exit strategy in divesting from its less-than-profitable property and casualty insurance interests, the bank appears to have finally found a taker — for…
Integrated Product Distribution: Crossing the lines
June 1, 2000 Vikki SpencerFuelled by mergers, acquisitions, alliances and regulatory change, the idea of one-stop financial services shopping is becoming a reality south of the border. With caution, several insurers and brokers in Canada have broadened their focus to “test the market” on…
Coming Events (June 01, 2000)
June 1, 2000 by Canadian UnderwriterThe Export Development Corporation (EDC) has earmarked $1 million over three years for an International Studies Scholarship, to be administered by the Association of Universities and Colleges of Canada. Undergraduate students pursuing degrees in business or economics focussing on international…
Defining Ontario’s Insurance Regulation
May 1, 2000 Vikki SpencerWith the creation of the Financial Services Commission of Ontario (FSCO) in 1998, the province took on the task of reconciling the interests of consumers with a patchwork quilt of industries governed by almost a dozen different set of rules.…
DEVELOPMENT OF THE STANDARDS
February 1, 2000 by Canadian UnderwriterOn the invitation of the Office of the Superintendent of Financial Institutions, the Insurance Bureau of Canada (IBC) formed a working group in 1998 to prepare a set of draft standards of sound business and financial practices for property and…