Industry
Achange in senior executive positions at Toronto-based Queensway Financial Holdings Ltd. (TSE: QFH) has resulted in a shift in power from Canadian to U.S. management. A statement recently released by the company says James Petcoff and Mathew Petcoff will be taking over as CEO/president and COO/vice president. Canadian David Rooney, who previously handled the portfolio […]
July 31, 1999
2 min read
Business conditions for the Canadian property and casualty insurance industry remained weak for the first quarter of this year, with auto and personal property showing increased loss ratios across Ontario and Atlantic Canada, says Paul Kovacs in the Insurance Bureau of Canada’s (IBC) quarterly industry analysis. Commercial rates are, however, showing signs of improvement after […]
Dear Editor, The [June 1999] issue was excellent from cover to cover. I like the Autovision being separate rather than inserted. The subject matters are very different and while I read it from cover to cover as well, I did it at home in the evening. The profile article about ICBC’s president Thom Thompson, describes […]
It 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 financial institutions to follow their clients around the globe. However, the growing importance of financial […]
By Glenn McGillivray, head of corporate communication at Swiss Rein | July 31, 1999
9 min read
The insurance industry is applauding the federal government’s just released white paper outlining the future of financial services competition in Canada. In line with insurer and broker demands, the government has blocked banks from retailing insurance through branches as well as dampening any immediate hopes they may have had in moving into the vehicle leasing […]
June 30, 1999
The Insurance Institute of Ontario's Centennial Symposium, recently held in Toronto, drew together several key local and international financial services experts who provided a mixed view of the future in terms of how current and emerging marketplace events will impact the property and casualty insurance industry. However, all of the speakers agreed that change is rushing the industry into a new era.
By Sean van Zyl, Editor | June 30, 1999
5 min read
Originally a medium for scientists to exchange information, the Internet’s use has rapidly expanded to become a virtual commercial marketplace. And, with the Internet’s commercial potential beginning to truly surface, consumers through news group forums and dedicated web sites are now reacting to perceived unfair business practices. As these widespread forums continue to grow in […]
By Dennis Krueger, a U.S. freelance technology writer | June 30, 1999
4 min read
“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 today required of financial service intermediaries, is how the regulators will react to the selling […]
1 min read
The Insurance Brokers Association of Canada (IBAC) has set in motion plans to return a major salvo against direct writers in the consumer advertising war during this year. At IBAC’s recently held broker-based company CEO symposium, through which the association provides annual feedback to supporting insurers of its market strategy, president Mike Toole announced the […]
Cecil 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.
By Robert Gunn, president of Royal & SunAlliance Canada | June 30, 1999
6 min read
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