Obituary
June 1, 1999 by Canadian Underwriter“The elder statesman of Canadian Insurance Journalism, joined Canadian Underwriter as an assistant editor in 1952. What was to be a short stay between newspaper jobs ended up as a 33 year stint, 25 of it as managing editor. The…
Storming ahead successfully
June 1, 1999 AxiomWe couldn’t have picked a worse day for the opening of my company’s new regional office. Gale-force winds had blasted into the city overnight, knocking down trees and power-lines, shutting down the airport, and tearing the roofs off new, unfinished…
RISK SURVEYS CIRCULATE
June 1, 1999 by Canadian UnderwriterWorkers compensation costs, safety and loss control programs, technology, the insurance marketplace and corporate human resources are among the top issues of concern facing risk managers in 1999, according to Liberty Mutual’s Risk Management: Ideas at Work survey released at…
Equisure acquires Ontario broker
April 1, 1999 by Canadian UnderwriterEquisure Financial Network Inc. (TSE: EFN) has entered into an agreement to acquire Sudbury-based Dinan Insurance Brokers and Financial Services Ltd., a multi-line general insurance and financial service brokerage. The undisclosed purchase price will be paid partly in cash and…
Banks will be hard to regulate, says Cooke
April 1, 1999 by Canadian UnderwriterProperty & casualty insurance is a pure risk product that must be kept separate from the financial, wealth management and investment-based services provided by life insurers and banks, George Cooke, president of Dominion of Canada General Insurance Company, told a…
Transatlantic reports record 1998
April 1, 1999 by Canadian UnderwriterGlobal reinsurer Transatlantic Holdings Inc. has reported record net income earnings for 1998, up 33.4% from 1997’s US$185.5 million to 1998’s $247.5 million. Net income diluted on a common share basis rose $1.76 from 1997’s $5.34 to 1998’s $7.10. Record…
globally Speaking
April 1, 1999 Sean van Zyl, EditorThe CICMA and CIAA 99 Joint Conference – held in Toronto in February – focused on the competitive challenges reshaping the p&c insurance industry. The overall message delivered at the event was clear: the process of industry change, mainly as…
Lindsey Morden changes name
April 1, 1999 by Canadian UnderwriterLindsey Morden Claims Services Ltd. has officially changed its name to Cunningham Lindsey Canada Ltd., a move to harmonize the company’s identity worldwide. “As a large, strong global company, sharing this common identity amongst our claims and risk management services…
Risk Management: It’s a Buyer’s Market
March 1, 1999 Lowell Conn and Sean van ZylDespite 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…
Dispute resolution for the new millennium
March 1, 1999 by Canadian UnderwriterIn response to the growing need for alternative and effective mechanisms in dealing with potential legal disputes, British Columbia’s insurance industry recently launched the Insurance Dispute Resolution Services of B.C. One of the more innovative features of this resolution process…
Liberty Risk Services’ LEADING-EDGE APPROACH to bottom-line savings
March 1, 1999 by Canadian UnderwriterHealth management services have been an all or none proposition for corporate Canada. A company traditionally has to buy a bundle of services from one provider or assemble a program from a group of vendors. Liberty Risk Services Canada wants…
Brokers concede commission disclosure
March 1, 1999 by Canadian UnderwriterRisk 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…