Industry
Kingsway Financial Services Inc. (TSE:KFS, NYSE:KFS) announced that its third-quarter net income has increased 19% over the past year — from US$31.3 million in 2005 Q3 to US$37.4 million in 2006 Q3.In addition, the company’s combined ratio improved to 97.2%, compared to 97.8% in 2005 Q3.The company’s underwriting profit improved to US$12.7 million in 2006 […]
By Canadian Underwriter | November 2, 2006
2 min read
Marsh & McLennan Companies, Inc. (MMC) has reported its 2006 Q3 consolidated net income more than doubled, from US$69 million last year to US$176 million in 2006. In addition, consolidated revenues for 2006 Q3 stood at US$2.9 billion, an increase of 4% from 2005 Q3. For the first nine months of 2006, MMC’s consolidated revenues […]
By Canadian Underwriter | November 1, 2006
1 min read
Crawford & Company (NYSE: CRDA; CRDB) has finalized its US$150-million acquisition of Platinum Equity’s portfolio company, Broadspire Services Inc., a third-party administrator offering an integrated platform of casualty claim and medical management services.The acquisition is anticipated to more than double Crawford’s revenue from self-insured clients.”This acquisition strengthens our position in the marketplace and the services […]
The traditional Sedgwick Pub Night – Courtesy of Marsh Canada Limited, held at Cowboy’s Dance Hall gave delegates and exhibitors alike a chance to unwind and enjoy a stomp’in good time, Calgary style, to the live music of Marsh’s ‘Tabloid’. Tabloid band members include: Alan Garner, CEO of Marsh Canada Limited; Michel Bryan, Managing Director […]
October 31, 2006
In the spirit of true Western hospitality, Saturday night’s dinners led right into the draw of the GCAN Casino. Sunday brought the Aon ‘Welcome Brunch’ and the evening’s Welcome Reception, ‘Symphony on the Summit’ sponsored by Allianz Global Risks; Integro Insurance Brokers; and Alix Partners. The evening hit a sweet note near the end with […]
Tools for calculating replacement costs are many, opening a chasm between the information obtained by brokers and loss control inspection firms
By Greg McCutcheon, Vice President, Insurance Business Services, CGI | October 31, 2006
5 min read
The RIMS Canada Conference action kicked-off Saturday night with Calgary-style dinners hosted by Cunningham Lindsey Canada; Crawford Adjusters Canada; as well as McLarens Canada & Quelmec Insurance Adjusters.
Fresh from recent successes in the Bank Act review and disclosure regulation issues, IBAC is now charting a course to help brokers to sell their businesses to fellow brokers
AMF calls for improved financial reporting
The composite rate for the commercial property and casualty market dropped 8% compared with the same period last year, according to a report published by Dallas-based MarketScout. The commercial P&C industry continued its trend toward softening, the report noted, adding that there were no increases in the average rates for any of the commercial lines […]
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