Industry
The last six years have seen dramatic change in the structure and method of business of the property and casualty insurance industry. These “winds of change” sweeping through the industry are primarily a result of the unprecedented consolidation activity and the ever increasing level of competition, notes Richard Gardner, the outgoing president of the Registered […]
By Sean van Zyl, Editor | December 31, 1998
3 min read
Tomorrow’s insurers may become virtual companies that interact electronically with customers, while driving down costs and improving speed to market, a leading business futurist predicted at the opening of the U.S. Insurance Services Office Inc.’s (ISO) InsTech98 Conference. Dr. Bill Bruck, futurist and author, made this and other predictions about new technologies that will reshape […]
December 31, 1998
2 min read
Commercial
DCLI Underwriters has issued its first policy under its new program, Defendant’s Commercial Litigation Indemnity (DCLI), president Pierre Gregoire recently told Canadian Underwriter. DCLI insures pending litigation that is either uninsured or underinsured. “In this case, the litigation was totally uninsured,” says Gregoire. “The issuance of the policy ultimately allowed the creditors of a particular […]
1 min read
Risk
The Canadian aviation insurance market is relatively small in the global picture, notes Mike Wills, manager of marine and aviation at Royal & SunAlliance. The Canadian industry’s total aviation net premiums amounted to Cdn$83.8 million for 1997 compared with the previous year’s total of $89.5 million. However, despite its modest size, the Canadian market has […]
St. Paul Canada recently appointed Brad Tamblyn to the position of assistant vice president-Ontario region, responsible for leading the Corporate Accounts Underwriting team which markets commercial insurance products. Tamblyn has 16 years of experience including a significant background in liability insurance services. The Canadian Insurance Claims Managers Association Ontario Chapter has appointed its 1998/99 executive. […]
A battle of brawn and wits has begun among service providers to the insurance industry in response to the rapid consolidation taking place at the primary company level.Faced with a changing landscape, service providers are looking for new opportunities and cost-effective means to deliver their wares to insurers. The claims management segment, most notably the […]
By Lowell Conn | December 31, 1998
9 min read
KPMG's 7th annual Insurance Issues Conference, held in November at Toronto's Four Seasons Hotel, focused on the effectsof industry consolidation on medium and small-sized insurance players.
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