Industry
The proposed merger between listed broker consolidators Canada Brokerlink Inc. and Vector Intermediaries Inc. has hit some skids, both companies confess while asserting the merger will still carry on as planned. According to Jon Ouellette, Brokerlink’s vice president of operations, the hold-up in negotiations is not attributable to management or operational issues but to legal […]
November 30, 1999
2 min read
Taco Bell’s Chihuahua campaign, launched in late 1997, has become the pre-eminent brand recognition success of the late 1990s. The ad spots, featuring a talking Mexican dog whose only desire is to pursue Taco Bell food, has resulted in a North American-wide phenomenon which has seen restaurant sales increase since the campaign’s incarnation, not to […]
By Lowell Conn | October 31, 1999
8 min read
The term “globalization” has become yet another buzzword expression littering the field of industry jargon. Similar to other grand but ambiguous phrases like “business reengineering” and “corporate repositioning” (among a broad host too numerous to mention), the term globalization jumps out in polished conversations on a regular basis, yet when looking about there appears to […]
By Sean van Zyl, Editor | October 31, 1999
4 min read
While most of the public broker networks appear to have eased off on their acquisitional sprees, newcomer The Hub Group Ltd. has no intention of slowing down. In fact, the group's president Rick Gulliver has announced plans of a major thrust into the U.S. brokerage market in the year ahead, with the recent acquisition of a leading Chicago-based broker signaling the beginning of an ambitious campaign.
6 min read
Broker consolidator Equisure Financial Network Inc. (TSE: EFN) has in partnership with the ING group launched a new general insurance company to be licensed across Canada. Ownership of the new insurer, Northbrooke General Insurance Company of Canada, will be equally held by Equisure and ING Canada P&C Inc. Equisure president George Hutchison says Northbrooke will […]
October 31, 1999
Although the public broker networks almost overnight captured 5% marketshare of Canada’s property and casualty insurance market in a stunning succession of acquisitions, the recent poor results of many of the operators, combined with a more wary investor attitude to non-blue chip stock offerings, has left many industry observers wondering to the long-term viability of […]
5 min read
Celebrating the 79th year of its annual convention, this year's Insurance Brokers Association of Ontario (IBAO) event included a discussion panel of global senior executives of the property and casualty insurance industry, their frank views forewarning of a new world of distribution ahead.
By Lowell Conn AND SEAN VAN ZYL | October 31, 1999
The IBAO will continue pursuing its provincial “off-site” education program, which was launched at the association’s 1998 Convention, says Rodney Hancock, education chair. And, while the program has proven “highly successful” for a first year, he adds that some fine-tuning will be made to the 1999/2000 lineup. Hancock says the off-site education program’s 23 centres […]
Market Watch continued from page 38. The Insurance Brokers Association of Saskatchewan (IBAS) is in a “wait-and-see mode”, says president Keith Wilson, after the association’s recent conference in Saskatoon. The province’s brokers are still carefully watching the credit unions, who have expressed an interest in retailing insurance, while keeping tabs on the progress of the […]
1 min read
Peacefully, on October 19, 1999 Lewis Dunn, president and chief executive officer of CGU Group Canada Ltd., passed away surrounded by family. Beloved husband of Sandy, and father of son’s Chris, Greg (and wife Carolyn), daughter Carolyn and grandfather of Jessica. Born in Vancouver, Mr. Dunn obtained a BA in Math and Economics from the […]
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