Industry
Brokers were successful in this round of the Bank Act review because of hard work and political tradewinds that didn't favor the banks
By George Anderson, Past President, Insurance Brokers Association of Ontario | September 30, 2006
6 min read
Retention is a key to growth in a hard market
By Rowan Saunders, President and CEO, Royal & SunAlliance | September 30, 2006
5 min read
CSIO XML standards for commercial lines are poised to replace proprietary carrier solutions that have stalled single-entry, multiple-company interface (SEMCI) in business insurance.
By Pat Durepos, President, Keal Technology | September 30, 2006
Insurers and brokers alike can brandish speed and niche marketing tactics to win an increasingly competitive battle for market share
By John Czerwinski, Vice President, Business Development, Echelon General Insurance Company | September 30, 2006
Brokers cite dedication, hard work for carrying the day in the profession's most difficult challenge, the 2005-07 Bank Act review
By Robert J. Kimball, Chairman, Insurance Brokers Association of Canada | September 30, 2006
3 min read
Aviva plc is reporting “record half-year results” during the first six months of 2006, with “strong performance across all businesses and geographies.” Worlwide, the company’s operating profit increased 27%, to 1.699 billion (CD$3.62 billion). Canadian operations accounted for 85 million (CD$181 million) out of the Aviva International Group’s total six-month, 2006 operating profit of 311 […]
September 30, 2006
1 min read
Royal & SunAlliance Canada reported a 2006 first-half combined operating ratio (COR) of 91.3%, a three-point improvement over prior year, reflecting what the company calls “a strong growth in both the commercial and personal businesses.” The company reported an underwriting result of CD$52 million, up 50% over last year. Net written premiums, CD$661 million, were […]
Allianz Group increased its operating profit in 2006 Q2 by 19%, to EUR2.8 billion (CD$3.96 billion), and its net income increased by 64%, to EUR2.3 billion (CD$3.25 billion). “Allianz Group has continued to proceed its course of profitable growth during the second quarter of 2006, ” the company announced in a press release. “The results […]
Desjardins Financial Security posted a net income of CD$69.2 million for 2006 Q2, compared with CD$74.2 million for continuing operations in 2005, when results benefited from a reversal of allowance for impaired loans. In 2006 Q2, the net income was CD$38.7 million, compared with CD$42.4 million in 2005 – a drop of CD$3.7 million over […]
BB&T Corporation (NYSE: BBT), a principal subsidiary of Branch Banking and Trust Company, has agreed to buy insurance premium finance company AFCO Credit Corporation and its Canadian affiliate, CAFO Inc., from Mellon Financial Corporation (NYSE: MEL). Terms of the transaction were not disclosed. The agreement is subject to regulatory approval; it is expected to be […]
2 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
