Industry
Industrial Alliance Insurance and Financial Services Inc. has reported an increase in net income of 20% for 2007 Q1, rising above its 2006 Q1 profit of Cdn$57.9 million.The company notes the increase is mainly attributed to an increase in growth over the first quarter, a decrease in tax charges due to a change in corporate […]
By Canadian Underwriter | May 2, 2007
1 min read
Kingsway Financial Services Inc. (TSE:KFS, NYSE:KFS) has reported a 2007 Q1 profit of US$19.6 million, compared to US$28.9 million in 2006 Q1.The company’s combined ratio was 105% in 2007 Q1, compared to 96.2% in 2006 Q1.Changes in estimated unpaid claims for prior years at Lincoln General of US$47.5 million increased the combined ratio by 11.4%, […]
2 min read
Hub International Limited (NYSE: HBG) (TSX: HBG) reported strong growth in revenue and profits for 2007 Q1 despite an environment of falling rates.Overall, Hubs 2007 Q1 revenue of US$171.8 million represented a US$37.7 million (or 28%) increase over its 2006 Q1 revenue of US$134.1 million.In 2007 Q1, quarterly total revenue growth of 28% included organic […]
By Canadian Underwriter | May 1, 2007
IBC predicts Ontario's new electronic auto insurance medical/rehabilitation claims system, Health Claims for Auto Insurance (HCAI), once fully implemented in February 2008, will be "best in the world"
By David Gambrill | April 30, 2007
9 min read
$300,000 Presented to the Canadian Cancer Society at WICC Ontario's 11th Annual Gala Fundraising Dinner!
April 30, 2007
5 min read
In a fictional world, we see John, an auto body shop owner, relaxing in his boat, enjoying the beautiful day. John looks at his reflection in the still water below. He is amazed to see how clear the picture is. He can see all the fine details of his reflection, as well as the reflection […]
By Lianne Perissinotti, Director of Marketing, Collision Solutions Network | April 30, 2007
6 min read
One of the fundamental questions a journalist asks when profiling a person involved in the insurance industry is: “How did you end up working within the insurance industry?” Almost invariably the word “accident” appears in the resultant story. The typical industry recruitment anecdotes go something like this: “I was trying to decide between a Master’s […]
By David Gambrill, Editor | April 30, 2007
3 min read
With over 650 in attendance, ING Canada was awarded the “Lew Dunn Memorial Award” by WICC at the WICC Ontario 11th Anniversary Annual Fundraising Dinner – “Fire & Ice’, April 10, 2007 at the Westin Harbour Castle Hotel in Toronto. The Lew Dunn Memorial Award The Lew Dunn Memorial Award is in memory of Lew […]
Newport Partners Income Fund (TSX: NPF.UN) has invested Cdn$18.2 million in cash for a 77.5% interest in the business of Toronto-based Baird MacGregor Insurance Brokers LP (BMI), an insurance broker specializing in the transportation and logistics industries in Ontario. Under the terms of the transaction, Newport is also providing Cdn$2.3 million through its credit facilities […]
A combination of increased capacity, more predictable premium rates and innovative program design is creating steady growth in the take up of stand-alone terrorism insurance, according to Aon’s Stand-alone Terrorism Market Update. Aon said there is an increasing interest in terrorism cover in Canada, Latin America, Eastern Europe, the United Kingdom, Germany, Southern Europe, India […]
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