Industry
Kingsway Financial Services Inc. (TSE: KFS) has announced a fourth quarter 1999 loss of 40 to 45 cents per share. The company expects to report a combined ratio of approximately 102% for fiscal 1999, a marked increase from 1998’s year-end 93.9%. Gross premiums written are on the rise, from 1998’s $409 million to $500 million […]
February 29, 2000
2 min read
On February, 28, the Insurance Brokers Association of Canada will launch its new television campaign, running until June 11, on network and specialty television. The campaign will be supported by a strong print campaign explaining the benefits of dealing within the independent broker channel. The campaign is intended to do one thing -- brand the BIP logo in the consumer minds and direct them towards unbiased, professional advice when purchasing property & casualty insurance.
By Mabel Sansom, executive director Insurance Brokers Association o | January 31, 2000
3 min read
Queensway Financial Holdings Limited has announced the appointment of Glenn Gibson as chief financial officer of Queensway replacing Cathy Wilson. Gibson brings more than 17 years of financial management to his new role. Chubb & Son vice president John Owens, has been named the North American field marketing manager at the Chubb Group of Insurance […]
January 31, 2000
More shots have been fired in the hostile takeover bid by Equisure Financial Network of fellow consolidator Canada Brokerlink. Equisure, a holder of 700,000 shares in Brokerlink, has appealed to the Ontario Securities Council to set aside a shareholder rights plan enacted by Brokerlink just days before Equisure’s takeover bid went public. The rights plan […]
The North American Export Committee (NAEC) brought car theft stakeholders together to discuss the crisis on a continent-wide level. Canadian insurers, though, continue to do battle with car thieves on this side of the border, relying on a variety of initiatives to recover stolen cars. Most recently, the motor vehicle registry (MVR) database went online, […]
By Lowell Conn | January 31, 2000
Finding replacements for insured damaged products, at competitive prices, is a constant challenge to the insurance industry. The costs can have a severe affect on company bottom lines. “If adjusters had the ability to comparison shop among competing suppliers in the same time frame and effort that it takes to receive a quote from one […]
By Kathryn Schroeder | January 31, 2000
The British-listed stock price of Royal & SunAlliance has skyrocketed on rumors of a planned multi-billion dollar bid for the company by Zurich Financial Services. No comment has been made by either the Zurich or Royal & SunAlliance global head-offices. On the local front, Lyn Whitham, vice president of communications at Zurich Canada, says she […]
A recent recipient of the Insurance Marketing Communications Association Golden Torch Award, honouring communication within the industry, Jan Lowther has surprised her peers once more. The flamboyant group publisher of Canadian Underwriter magazine has announced her retirement ending a twenty three year tenure with the publication.
By Lowell Conn | December 31, 1999
One of the grayest areas of claims management is effective assessment of occupational related disabilities. In determining a claim settlement, the insurer not only has to judge the merit of the claim presented, but as well the accuracy of the assessment data used. However, the latter is now an area which can be more effectively managed through professional and well documented "functional evaluation" (FE) procedures.
By Craig McCleary of Ability To Function Inc. | December 31, 1999
5 min read
Responding to a market survey of insurance brokers across Canada, ING Halifax is offering brokers three different partnership models in the coming years, Don Lough, ING Halifax president, told lunch guests at a recent Metropolitan Toronto Insurance Brokers meeting. ING research conducting over the past few years has found insurance brokers prioritize carrier consistency and […]
December 31, 1999
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