International trade body turns to financial services COMPETITION
August 1, 1999 Glenn McGillivray, head of corporate communication at Swiss ReinIt is becoming increasingly clear the importance of the financial services sector on the global stage. The recent drive toward globalization of business — coupled with new information technology and the formation of geo-economic and political alliances — have allowed…
Coming Events (August 01, 1999)
August 1, 1999 by Canadian UnderwriterAnnouncements 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:…
Zurich launches retail plan
August 1, 1999 by Canadian UnderwriterPeopleplus Insurance Company, a member of Zurich Financial Services Group, recently announced a partnership with Hudson’s Bay Company to launch a private label car and home insurance program. The group scheme, available exclusively to Bay and Zeller’s credit card holders,…
On The Move (August 01, 1999)
August 1, 1999 by Canadian UnderwriterSt. Paul Fire and Marine Insurance Co. has announced Doug Wyseman, a leader in the field of risk management for the public sector, has joined the company to establish niche loss control services for its new public sector insurance division.…
Factory Mutuals Finalize Merger
August 1, 1999 Steven Zenofsky, public relations consultant at FM GlobalThere’s a new insurance company on the block with a 165-year history, following the recent merger of commercial/industrial property insurers Allendale Insurance, Arkwright, Protection Mutual Insurance and their affiliate Factory Mutual. The new company will market itself as FM Global.…
Why CEOs are stuck on GLOBALIZATION
July 1, 1999 Robert Gunn, president of Royal & SunAlliance CanadaCecil Rhodes, the 19th-century British financier, colonial administrator and sponsor of Oxford’s prestigious Rhodes Scholarship, once said, “I would annex planets if I could.” A read through the financial pages of any newspaper would suggest that many corporate presidents and CEOs feel the same way.
the hot branding-iron of CONSUMERISM
July 1, 1999 Sean van Zyl, EditorThe new millennium is not only bringing Y2K exposures to the fore, but a sense of consumer branding. From companies, brokers through to reinsurers, the latest industry leader forums have all hosted an urgency to address consumerism. The property and…
99 Canadian Insurance Congress: Marching to new Drummers
July 1, 1999 Lowell Conn & Sean van ZylHeld against the backdrop of the nation’s capital, the 1999 Canadian Insurance Congress — seen as Canada’s premier reinsurer/primary company CEO forum — offered good news to insurers and risk managers on the treaty negotiation front. This year’s reinsurance rates,…
RIMS releases 99 Quality Scorecard
July 1, 1999 by Canadian UnderwriterThe New York-based Risk and Insurance Management Society (RIMS) released its second annual Quality Scorecard which polled 1,259 risk managers rating the service of brokers, carriers and third-party administrators (TPA). The overall performances were similar to that of last year,…
Learning to stay ahead
July 1, 1999 by Canadian Underwriter“We’re in a world where the ‘world of products’ is going to get even bigger,” predicts Norma Nielson, chair of insurance at the University of Calgary. A major issue arising from the “blurring of traditional product lines” and the multi-skills…
Progressive packs south
July 1, 1999 by Canadian UnderwriterA month after Progressive announced its intention to pull out of the Canadian marketplace, its general manager continues to insist the withdrawal had nothing to with Canada’s insurance environment. Chip Conner, Progressive general manager, says industry speculation that the company…
A.M. Best acquires TRAC
July 1, 1999 by Canadian UnderwriterU.S.-based A.M. Best Company has announced it has acquired TRAC Insurance Services Ltd. — an independent Canadian insurance rating agency — and renamed it A.M. Best Canada Ltd. The acquisition of Toronto-based TRAC is the latest step in A.M. Best’s…