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ING Canada Inc. (TSX: IIC.LV) reported a net income of Cdn$196.9 million for the quarter ended Dec. 31, 2005 – up 13.7% from Cdn$173.1 million in the same period of the preceding year. Revenues for the fourth quarter also increased to Cdn$1.1 billion – a 10.6% increase from Cdn$1 billion in the corresponding quarter of […]
February 28, 2006
1 min read
Aon Co. (NYSE: AOC) has reported a net income of US$224 million during the fourth quarter of 2005, compared to US$81 million over the same period in 2004. Fourth-quarter 2005 net income from continuing operations increased 97% – up to US$144 million, compared to US$73 million a year ago. The company’s 2005 net income of […]
2 min read
Don Ungaro, past president of the Insurance Brokers Association of B.C., passed away at the age of 46 on Feb. 6, 2006 in a tragic swimming incident while on vacation in the Dominican Republic. Ungaro, an accomplished member of the industry, had recently sold his business – Ungaro and Sons Insurance Services, which he owned […]
3 min read
AXA SA is reporting a growth in underlying earnings of up to 22% in its global property and casualty division, as well as a 24% increase in its overall underlying earnings, for the 2005 fiscal year.”Property and casualty revenues were up 3%, to EUR18.9 billion (CDN$25.6 billion), and the combined ratio improved by 0.8 points […]
By Canadian Underwriter | February 28, 2006
Canada’s home, car and business insurers, along with Operation Red Nose and the Ontario Safety League, presented a cheque for $4,213.50 to the Women in Insurance Cancer Crusade (WICC).The money was raised by Operation Red Nose in Halifax, Nova Scotia and Newmarket, ON during the last Christmas season. Operation Red Nose is a designated-driver service […]
By Canadian Underwriter | February 24, 2006
Allianz Insurance Company of Canada and The Nordic Insurance Company of Canada, both insurance subsidiaries of ING Canada Inc. (TSX:IIC.LV), have announced their intention to amalgamate under the name The Nordic Insurance Company of Canada. The transaction is subject to regulatory approval. ING Canada acquired Allianz Insurance Company of Canada in 2004. ING Canada president […]
By Canadian Underwriter | February 20, 2006
ING Canada Inc. (TSX: IIC.LV) reported net income of Cdn$196.9 million for the quarter ended Dec. 31, 2005 up 13.7% from Cdn$173.1 million in the same period of the preceding year. Revenues for the fourth quarter also increased to Cdn$1.1 billion a 10.6% increase from Cdn$1 billion in the corresponding quarter of 2004.For the year […]
By Canadian Underwriter | February 16, 2006
Allstate claims adjusters released a cautionary press release on Valentine’s Day, listing some of the most common reasons why that diamond you just bought, gave or received may not be forever.According to claims professionals at Allstate, who handle thousands of jewelry-related claims each year, the following are among the top reasons why diamonds are often […]
By Canadian Underwriter | February 14, 2006
Aon Corporation (NYSE: AOC) has reported a net income of US$224 million during the fourth quarter of 2005, compared to $81 million over the same period in 2004.Fourth-quarter 2005 net income from continuing operations increased 97% to US$144 million, or $0.42 per share, compared to US$73 million or $0.22 per share a year ago.Net income […]
By Canadian Underwriter | February 10, 2006
Royal & SunAlliance recently launched WARP Data Bridging, which aids brokers in the processing of auto and property policies. The new product is currently available to Royal & SunAlliance as well as Western Assurance brokers by way of the latest version of The Agency Manager (TAM) broker management system.According to Royal & SunAlliance, WARP Data […]
By Canadian Underwriter | February 7, 2006
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