CSIO SHAKEUP
January 1, 1999 by Canadian UnderwriterLast month Howard Moran, in his capacity as board chairman of the Centre for Study of Insurance Operations (CSIO), announced the resignation of Len Ashby as the organization’s president. Although an outspoken critic of the political dabbling of both companies…
Bill 59 revised
January 1, 1999 by Canadian UnderwriterThe legislative fine-tuning of Ontario’s auto insurance product under Bill 59, which carried through last month with the passing of Bill 90, was generally lauded by insurance, legal and medical professionals at a review seminar held by the Insurance Institute…
THE ADJUSTERS’ DIPLOMAT
January 1, 1999 by Canadian UnderwriterCounting both independent and in-house insurance adjusters among its member base, the Ontario Insurance Adjusters Association (OIAA) requires a special breed of leader. The captain of this team must respect and grasp the sometimes contradictory priorities of its different faction members. Garth Roscoe is the leader as well as referee on the adjusting field.
Canadian Perspective
January 1, 1999 by Canadian UnderwriterThe Canadian aviation insurance market is relatively small in the global picture, notes Mike Wills, manager of marine and aviation at Royal & SunAlliance. The Canadian industry’s total aviation net premiums amounted to Cdn$83.8 million for 1997 compared with the…
Claims management and the Environment
January 1, 1999 Cecil Jaipaul,In the early days of environmental underwriting companies were often unaware of the full risk involved. For many companies the risks they took on and subsequent claims were not foreseen. For others, while the possibility of large claims may have…
Insurer concerns taxi for take off
January 1, 1999 Sean van Zyl, EditorConsolidation and cost cutting became the corporate buzzwords of the 1980s and 1990s, with operators from insurance to retail-chains through to the aviation industry embracing downsizing and cheaper marketing and delivery systems. The aviation business emerged from this process, particularly…
Do virtual insurers dream of electric premiums?
January 1, 1999 by Canadian UnderwriterTomorrow’s insurers may become virtual companies that interact electronically with customers, while driving down costs and improving speed to market, a leading business futurist predicted at the opening of the U.S. Insurance Services Office Inc.’s (ISO) InsTech98 Conference. Dr. Bill…
SIZING UP IN: a TUG of WAR
January 1, 1999 Lowell ConnA battle of brawn and wits has begun among service providers to the insurance industry in response to the rapid consolidation taking place at the primary company level.Faced with a changing landscape, service providers are looking for new opportunities and…
Paying the Dues of Diligence
January 1, 1999 Lowell ConnKPMG’s 7th annual Insurance Issues Conference, held in November at Toronto’s Four Seasons Hotel, focused on the effectsof industry consolidation on medium and small-sized insurance players.
CBUS targets $250 million premium outflow
January 1, 1999 by Canadian UnderwriterToronto-based Cross Border Underwriting Services Inc (CBUS), a subsidiary of the listed KRG Insurance Group, notched up half a million in premium dollars in its first year of operation. A specialist wholesale brokerage operator, CBUS was created a year ago…