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 Insurance Adjusters Association: Dinner Meeting. For more information, call Karen Tammy Hemphill at 416-863-1750. Downtown Board of Trade, […]
January 31, 2000
1 min read
Industry
The British-listed stock price of Royal & SunAlliance has skyrocketed on rumors of a planned multi-billion dollar bid for the company by Zurich Financial Services. No comment has been made by either the Zurich or Royal & SunAlliance global head-offices. On the local front, Lyn Whitham, vice president of communications at Zurich Canada, says she […]
2 min read
More shots have been fired in the hostile takeover bid by Equisure Financial Network of fellow consolidator Canada Brokerlink. Equisure, a holder of 700,000 shares in Brokerlink, has appealed to the Ontario Securities Council to set aside a shareholder rights plan enacted by Brokerlink just days before Equisure’s takeover bid went public. The rights plan […]
Responding to a market survey of insurance brokers across Canada, ING Halifax is offering brokers three different partnership models in the coming years, Don Lough, ING Halifax president, told lunch guests at a recent Metropolitan Toronto Insurance Brokers meeting. ING research conducting over the past few years has found insurance brokers prioritize carrier consistency and […]
December 31, 1999
Claims
How insurers treat customers when it counts most will be a critical marketing element that will lead to brand recognition and brand loyalty for all those involved in the insurance distribution channel.
By Sam Malatesta Vice President, Marketing & Insurance Relations, C | December 31, 1999
5 min read
Welcome to a bright new bushy-tailed beginning of a year, or for that matter a new millennium, depending on your sentimental versus mathematical calculation. And, indeed, it would appear to be a bright year ahead, with fat company surpluses on record and a definite sense that market rates, both commercial and personal, are turning the […]
By Sean van Zyl, Editor | December 31, 1999
4 min read
Commercial
In December’s Moves & Views, The Insurance Brokers Association of Canada 1999-2000 management committee (pictured here) was improperly identified as the Insurance Bureau of Canada’s 1999-2000 management committee. CU regrets the error.
Each year U.S. insureds are involved in about 35 million automobile accidents. The cost to repair these vehicles tops an eye-popping nine billion dollars — more than the combined 1998 net incomes of Microsoft, Sears and Disney. Not surprisingly, automobile insurance companies in the U.S. and Canada are seeking tools to better allocate their resources […]
By Michael Andrews | December 31, 1999
3 min read
In a move towards cutting $500 million out of its operating expenses, CIBC recently announced it was cutting 4200 jobs, roughly 10% of its entire workforce. While the bank will not release figures on the jobs being cut — maintaining they are across the board — CIBC sources have indicated an internal memo announced CIBC […]
With little room to maneuver on premium growth and enhancing investment returns, property and casualty insurers are likely to turn their attention in the year ahead to better risk selection and improved claims handling efficiency to boost bottom-line performance, industry spokespeople say. In particular, the claims management arena is likely to become a competitive area […]
9 min read
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