Industry
Ken Orr, incoming president of the Insurance Brokers Association of Ontario (IBAO), believes brokers need to invest further in continuing professional development. Despite a successful launch of the IBAO’s “travelling education road show” in the past term, early returns suggest brokers across the country took fewer courses last year. First-year licensing enrollment, an indicator of […]
By Lowell Conn | September 30, 1999
5 min read
A recent Competition Bureau decision favoring “insurer preferred bodyshops” has provided auto property and casualty insurance companies with much needed ammunition in a pending court battle with the City of Toronto to overrule a longstanding by-law prohibiting the establishment of insurer-backed repair shops. The use of preferred bodyshops has gained momentum across the provinces as […]
4 min read
Is a new subsidiary, new product or policy form on the horizon for your company? If so, better be prepared for slippery target dates. Lengthy delays in licensing can occur when companies or their brokers develop new products which don’t fit into existing definitions, or when the anticipated volume of business is so low that […]
September 30, 1999
As we completed our tour of the brokerage’s renovated offices, Saul led me into a small boardroom on the second floor. Three men sitting around the table rose to their feet. “Dave,” he said with a smile, “meet my three partners: Ted who handles our personal lines business, Ian who looks after the life side […]
By Axiom | September 30, 1999
8 min read
Queensway Financial Holdings Ltd. (TSE: QFH), recently the subject of a management purge by new U.S.-based majority stakeholders, has released its second quarter figures posting a significant loss over last year’s figures. For the first six months of 1999, the company reports a net earnings loss of $27.1 million in contrast to a net earnings […]
1 min read
In a new study released on insurance mergers & acquisitions and public equity offerings for the first half of 1999, Conning & Company reports an overall 71% decline in activity value and a 9% decrease in the volume of transactions when compared with that of the first six months of 1998. The value of merger […]
2 min read
Data security consultants NCR Corporation recently held a meeting for Canada’s business leaders in the retail, financial, telecommunications, insurance and government sectors, entitled “Consumer Privacy: Good for Business”. The session examined how Canadian organizations can balance the global demand for data privacy and protection, with their marketing and customer service strategies. Panelists included Dr. Ann […]
Jim Ball, appointed president of the Insurance Brokers Association of Canada (IBAC) for the 1999/2000 term at the association’s recently held annual general meeting in Winnipeg, Manitoba, predicts a secure future ahead for independent brokers. However, like the inevitability of death and taxes, the broker profession cannot ignore the fact that the insurance industry is […]
In a move paralleling Equisure Financial Network’s 1997 acquisition of wholesale broker South Western Group, broker network The Hub Group has purchased KMS Insurance. Terms and the value of the transaction were not released. Rick Gulliver, president of Hub, says the acquisition was a strategic investment for the public broker group. “We made the deal […]
H. Rodrigues, chair of Facility Association and George Anderson, president of the Insurance Council of Canada have announced the appointment of Stan Griffin as president and chief executive officer of Facility Association. The appointment represents an expected one-year secondment from his position as Insurance Bureau of Canada (IBC) vice president, Ontario region. Mark Yakabuski, IBC’s […]
August 31, 1999
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