Industry
Total revenue for the first quarter 2006 for Pethealth Inc. (TSX:PTZ) drastically increased 41% from Q1 2005 reaching $4.53 million. The Company also recorded a significant decrease in net loss for Q1 2006, which was reported at $150,855, compared to the restated net loss of $466,089 recorded in Q1 2005. The EBITDA loss for Q1 […]
By Canadian Underwriter | May 10, 2006
2 min read
Baird MacGregor extends a cordial invitation to attend an opening cocktail reception in recognition of the Company’s first annual Bond Fountain Charity Art Exhibit. The cocktail reception will be held at the Bertossini Gallery at 783 Queen Street East, Toronto, ON, on May 24 and 25 from 5pm to 7pm. The art exhibit itself runs […]
3 min read
Profits for German reinsurer Munich Reinsurance Co. spiked this year, increasing 41.7% from the first quarter in 2005 to reach US$1.70 billion (979 million ) in the same period of 2006.This profit, according to Munich Re, is a result of a streamlined and focused profit orientation and was due in large part to its “strict […]
By Canadian Underwriter | May 9, 2006
1 min read
The cost for public companies to comply with Sarbanes-Oxley is higher than expected, according to a recent Government Accountability Office report.The report, released by republican Senators Olympia Snowe and Michael Enzi, indicates that companies are choosing to go private in order to sidestep the rules. In order to address the concerns an official advisory committee […]
By Canadian Underwriter | May 8, 2006
The Canadian Council of Insurance Regulators (CCIR) has accepted, subject to agreement from the Canadian Insurance Services Regulatory Organizations (CISRO), the recommendations made in a Feb. 13, 2006, joint CCIR and CISRO paper entitled Managing Conflicts of Interest: A Consultation Paper on Enhancing and Harmonizing Best Practices.The CCIR endorsed the three principles or outcomes suggested […]
The CertifiedFirst Network of PPG Canada and Rollit Management Consulting, Inc. have entered into a strategic relationship to provide Rollit’s services to members of the CertifiedFirst ? Network of collision repair shops across Canada. Rollit Management Consulting provides a wide range of financial consulting services to mid-sized companies including financing, refinancing, mergers, acquisitions, and divestitures. […]
Willis Group Holdings Ltd (NYSE: WSH) first quarter 2006 revenues increased slightly to US$671 million from the US$669 million for the same in 2005. Willis Group says the effect of foreign currency translation decreased reported revenues by 5% and net disposal of operations reduced reported revenues by %. Joe Plumeri, chairman and CEO, says that […]
By Canadian Underwriter | May 4, 2006
Motorists with previous impaired driving convictions are still a problem on Saskatchewan’s roads. Although convicted, many will drive without a proper license and insurance. Mothers Against Drunk Driving (MADD Canada) says these types of drivers are more likely to get into a crash and, to add to the problem, they do not have insurance coverage […]
Kingsway Financial Services Inc. (TSE:KFS, NYSE:KFS) reported its net operating income in 2006 1Q increased 11% to US$30 million, compared to US$27 million in 2005 Q1.Underwriting profit during this year’s first quarter set a Q1 record of US$16.4 million, Kingsway noted in a press release.At the same time, the company’s overall net income decreased to […]
When it comes to implementing business process management (BPM) in North American insurance companies, business leaders need to become more involved in the process, a May 2005 Gartner survey suggests. Right now, “the IT organization continues to play a visionary role” in the implementation of BPM solutions within the North American market, according to Kimberley […]
By Canadian Underwriter | May 3, 2006
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