Risk
The wave of mergers and acquisitions which has occurred between the corporate national property and casualty brokers across North America appears to have reached an end, leaving a landscape occupied by two distinct camps: small regional operators and the new breed of “mega global brokers”. Insurers and risk managers alike have kept a keen eye […]
By Lowell Conn | October 31, 1999
6 min read
Industry
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
Canadian corporations are facing an increasingly litigious environment resembling that of the U.S., delegates were told at the Canadian Risk & Insurance Management Society conference held recently in St. John’s, Newfoundland. Dubbed “Risk on the Rock”, the conference’s speakers portrayed a risk management profession facing greater challenges and a wider scope of corporate responsibility. The […]
By Michael Hlinka | October 31, 1999
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.
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
2 min read
Home
Atlantic harmonization was the big topic of discussion at the Insurance Brokers Association of Nova Scotia (IBANS) conference held recently in Baddeck, Nova Scotia. IBANS president Michael Brien says his constituents have a number of concerns heading into the coming year, harmonization of course among them, but particularly of exposure within the Nova Scotia province. […]
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
The Insurance Bureau of Canada (IBC) recently completed a survey in conjunction with management consultants Deloitte & Touche to identify what internal risk control procedures property and casualty insurers have or should be applying in evaluating strategic, operational and capital exposures. The survey results show varied approaches by companies, although they all claim to have […]
By Jane Voll, director of policy and research, and Andrew Keppen, r | October 31, 1999
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
Munich Reinsurance Company of Canada has announced the following appointments, Barbara Amodeo, vice president, Technical Insurance Department, Frances Fortin, vice president, Actuarial Department, Joe Golobic, vice president, Information Services Department, Tina Gooding, vice president, Property Treaty Department, John Kelly, vice president, Casualty Special Risks Department, Mark Kuhlmann, vice president, Marketing Department, Peter McCutcheon, vice president, […]
1 min read
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