Industry
Jim Ball, president of the Insurance Brokers Association of Canada, has announced that board approval was received for the Association to join the World Federation of Insurance Intermediaries (WFII). The WFII is a non-profit federation that promotes the interests of insurance intermediaries world-wide. WFII was established on January 30, 1999 with the innaugral meeting in […]
February 29, 2000
1 min read
Generally speaking, I am an optimist about the role technology plays in our society, but I am certainly not an unabashed enthusiast. I often find, as I deal with various service suppliers, especially call-centers, that the cutting edge is not so much a finely honed blade as a blunt cleaver in need of a good refurbishing.
By Laird Laundy, an independent insurance consultant | February 29, 2000
5 min read
T he battle being waged for control of Calgary-based broker consolidator Canada Brokerlink took a dramatic turn toward the end of last month when Allianz Canada stepped to the table with a superior counter offer worth around $42 million. The offer of 120c a share put forward by Allianz to Brokerlink’s shareholders is 18% richer […]
3 min read
The friendly bout gloves seem to have been removed in the latest acquisitional match of industry consolidation, namely the less-than-friendly bid made by listed Equisure Financial Network in the beginning of this year for its public-traded rival, Canada Brokerlink Inc. This was later followed by a friendly offer by Allianz Canada, a deal supported by […]
By Sean van Zyl, Editor | February 29, 2000
4 min read
Consumer suspicion of insurance companies has reached the point that it is now part of American pop culture to view them as commonplace in the U.S., as are awards of punitive damages.
By Bill Blakeney and Anil Varma | February 29, 2000
7 min read
Ipositioned myself near the entrance to the dining lounge and watched as the escalator in front of me deposited a steady stream of well-dressed couples to the upper level. I had arrived at the suburban racetrack early, to be on hand to greet our guests for dinner and an evening of horse racing. As my […]
By Axiom | February 29, 2000
8 min read
U.S. insurers are fortifying themselves for lower profitability and a higher operating ratio in the coming year, a survey revealed at the 2000 Property & Casualty Insurance Joint Industry Forum recently in New York City. Industry chiefs insist that, despite heightened merger and acquisition in the year ahead, the overcapitalized insurance environment could soon be swept away by an abundance of cost-absorptive changes.
By Lowell Conn & Sean van Zyl | February 29, 2000
Supplier of information products and software for the insurance, glass replacement and collision repair industries Mitchell International has announced it is being acquired by San Francisco-based equity firm Hellman & Friedman. The company was sold by previous owner The Thomson Corporation, which owned Mitchell since 1986. Terms of the deal have not been announced. “Mitchell […]
Harmonization efforts on the east coast have not gone unnoticed by regulators nationwide, with most provincial legislators carefully watching Insurance Act rewrites across the country in an effort for more standardized rules and regulations. Most recently, the regulatory sights have been set on the adjusting profession, delegates were told at the recently held 33rd Annual […]
By Lowell Conn | February 29, 2000
6 min read
In a move that has escalated global primary company consolidation, CGU Group and Norwich Union announced they will merge their operations. The new company, CGNU, will form the UK’s largest insurance group and feature worldwide premium income and retail investment sales of 26 billion pounds. The deal, more accurately characterized as a CGU acquisition, is […]
2 min read
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