Industry
Dear Editor, I am writing with respect to your editorial which appeared in the August, 2000 issue of CU. I wish to correct your statement that I am opposed to the concept of a national financial services ombudsman. The federal government has taken an important first step in proposing the Canadian Financial Services Ombudsman. While […]
October 31, 2000
2 min read
Risk
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Ontario Risk and Insurance Management Society Seminar: Emergency Response Planning/Water Damage Restoration. Toronto, ON. For more information, call Marlene […]
1 min read
The Centre for the Study of Insurance Operations (CSIO) is taking action in its quest to develop a single-entry portal for brokers. At a recent Insurance Brokers of Toronto Region luncheon, CSIO president Klaas Westera says that a portal was necessary to allow brokers seamless access to insurance companies, including rate comparisons. Now, CSIO is […]
Following a grueling year of devastating performance across the various areas of business – weak rates, rising claim costs, higher expense ratios and volatile investment returns – Canada’s property and casualty insurers may have perhaps turned the corner for the better based on industry results for the first half of the 2000 financial year. Specifically, […]
By Sean van Zyl, Editor | October 31, 2000
11 min read
Like druids, witches and warlocks of ancient folklore, financial risk evaluators such as actuaries are generally treated by management of financial institutions with a degree of awe and suspicion. The mathematical risk recipes presented by these modern day wizards may as well be potions of batwings and toads in comparison with historical and standard business […]
10 min read
The strong market position of CGU’s Canadian operations should leave it untouched in the wake of the CGNU group’s decision to divest its U.S. general insurance operations. Mark Webb, president of CGU Canada says, “the Canadian operations clearly meet the strategic direction that CGNU wants to take, which is to be top five in the […]
Although the optimistic whisper of higher premium pricing echoes along the company corridors of both the Canadian and U.S. property and casualty insurance industries, the first half-year underwriting results from both countries hint at caution. While the Canadian industry benefited this year from a robust investment environment – thereby offsetting underwriting losses – this gain […]
By Joel Baker, general manager of A.M. Best Co., Canada | October 31, 2000
4 min read
The landscape of the Canadian bond market has changed dramatically in recent years, and further change is certain to be on the horizon. The primary driver of this shift has been the rush by all levels of government in Canada to join the global trend toward fiscal discipline. Less government borrowing means a declining supply […]
By Cameron Laird, senior vice president with Scudder Kemper Investm | October 31, 2000
5 min read
Claims
The federal and provincial legislators across Canada are slowly moving toward a uniform approach to regulating the legality of e-commerce contracts. Legislation set to be passed in Ontario this year under Bill-88 is expected to solidify this drive, with the implications immense for insurers.
By Brian Reeve, Partner at Cassels Brock & Blackwell Llp | October 31, 2000
6 min read
On paper, the Canadian property and casualty insurance industry’s earnings performance for the first two quarters of this year would strongly suggest at a rebound in real growth. In fact, Canadian insurers came home for the first half of this year with favorable figures across the performance ratios of almost double that of their southern […]
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