Industry
While the potential restructuring of financial institutions on the national scene is holding the attention of Alberta brokers, there are plenty of initiatives on the homefront to keep them busy. New Insurance Brokers Association of Alberta (IBAA) president Stephen Evanson says his organization is concentrating efforts on assisting the provincial government in rewriting its Insurance […]
May 31, 1999
2 min read
This month federal Finance Minister Paul Martin will release his report outlining the proposed future of financial institutions in Canada. With brokers and insurers weary of banks being allowed to retail insurance out of their branches, the associations are standing by ready to release their responses to the public. Insurance Bureau of Canada vice president […]
1 min read
The new president of the Insurance Brokers Association of Manitoba (IBAM) Ron Vandenbosch says the battle against banks retailing insurance is the top concern expressed by his constituents at the recent IBAM annual general meeting in Winnipeg. Asked to list three top concerns of Manitoba brokers, he answers the bank threat, the need to further […]
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Arecent tornado that hit Oklahoma has become the worst insured catastrophe in the state’s history, according to preliminary information released by the Property Claim Services (PCS) unit of Insurance Services Office (ISO). The storm system caused $955 million in insured damage, exceeding the state’s previous worst, a June 1992 tornado totalling $150 million in damages. […]
Risk
Dallas, Texas was the site of the Risk & Insurance Management Society's recent 37th annual conference and exhibition where 4500 delegates met, networked, and examined a profession undergoing large-scale transformation.
By Lowell Conn | May 31, 1999
6 min read
AIG recently held it’s first Canadian Product Fair in Toronto at the Roy Thompson Hall. Greg Flood (pictured), president of AIG’s mergers & acquisitions division, was one of several speakers addressing the 600 attendees. Flood points out that the surge in M&A deals over the past two years has opened up new product opportunities for […]
The City of Toronto’s new mandatory mediation program could result in quicker and more efficient resolutions of insurance lawsuits, lawyer Paul Iacano told a packed conference room at a seminar at the recently held Claims ’99 Ontario Insurance Adjusters Association conference. Iacano’s co-speaker, lawyer James Howie, disagreed, contending the jury is still out on the […]
By Lowell Conn | March 31, 1999
4 min read
Exel Ltd. Mid Ocean Ltd. ACE Ltd. Cat Ltd. Partner Re Ltd Winterthur Re Gerling Constitution Re As we peer into 1999, one clear fact emerges from our review of the finances of the reinsurance industry: this is a great buyer’s market with abundant capacity and declining prices.- Swiss Re Life Re Corp. Employers Reinsurance […]
By Sean Mooney, senior vice president at Guy Carpenter & Company In | March 31, 1999
7 min read
Despite plummeting international commodity values — which over the last decade have made mining equities less than the darlings of stock markets — the Canadian mining industry is expanding at a healthy clip. It is estimated that 100 new mines will have opened in Canada between 1997 and 2000, with Canadian mining companies spending more […]
By Ken Fedosen and Eugene Iacob of Zurich Global Energy | March 31, 1999
3 min read
Equisure Financial Network Inc. (TSE: EFN) has entered into an agreement to acquire Sudbury-based Dinan Insurance Brokers and Financial Services Ltd., a multi-line general insurance and financial service brokerage. The undisclosed purchase price will be paid partly in cash and partly in Equisure shares. Equisure is acquiring a well known regional broker in Dinan. It […]
March 31, 1999
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