Risk
Lindsey Morden Claims Services Ltd. has officially changed its name to Cunningham Lindsey Canada Ltd., a move to harmonize the company’s identity worldwide. “As a large, strong global company, sharing this common identity amongst our claims and risk management services illustrates our ability to provide seamless, consistent service around the world,” says Ken Polley, president […]
March 31, 1999
1 min read
Industry
This month, insurer General Accident will officially change its name to CGU Group Ltd. The Canadian operation will operate as CGU Insurance Company of Canada. According to head of corporate communications Diane Scott, the change harmonizes the Canadian name with the company’s worldwide brand, which has been operating under the CGU Group title since General […]
Despite a $11.7 million decline in after-tax income for the financial year ended December 1998, the Co-operators General Insurance Company says it is encouraged by the 7.4% marketshare it notched up during the year. After-tax income for the year amounted to $55.1 million compared with $66.8 million for the 1997 financial year. This marks the […]
2 min read
TSE-listed Kingsway Financial Services Inc. (KFS) disclosed an 18% rise in earnings to 86c a share for the 1998 financial year ended December compared with that of the previous year. The return on equity for the year clocked in at 13.4%. Net income for the year rose by 40% to $31 million compared with $22 […]
January ice storm losses, rate cutting and poor investment returns are the major culprits pointing to a 42% drop in property and casualty insurers’ earnings to $1.137 billion for 1998 compared with 1997’s earnings of $1.960 billion, says Paul Kovacs, chief economist of the Insurance Bureau of Canada (IBC) at the recently held Annual Swiss […]
Property & casualty insurance is a pure risk product that must be kept separate from the financial, wealth management and investment-based services provided by life insurers and banks, George Cooke, president of Dominion of Canada General Insurance Company, told a Toronto Board of Trade breakfast recently. Cooke, advocating banks not be allowed to retail insurance […]
Home
January 1999 was the third-costliest January for the U.S. in terms of catastrophe claims on record with insurers paying an estimated $1.75 billion in damages. The claims result from four events, according to Insurance Services Office, Inc.’s Property Claim Services (PCS) unit. During that month alone, catastrophe losses exceeded, by $750 million, the total cat […]
In response to the growing need for alternative and effective mechanisms in dealing with potential legal disputes, British Columbia’s insurance industry recently launched the Insurance Dispute Resolution Services of B.C. One of the more innovative features of this resolution process is that it covers disputes from consumers to differences arising between industry parties. A great […]
February 28, 1999
3 min read
‘-based Reliance National, a subsidiary of Reliance Group, has introduced Enterprise Earnings Protection Insurance (EEPI), the first insurance policy designed to protect publicly held companies against earnings disruption volatility and adverse results. EEPI covers a wide range of circumstances that can negatively impact a corporation’s earnings, such as a decrease in demand for goods and […]
The Dallas Convention Centre will host the 37th Annual RIMS Conference & Exhibition, expected to draw more than 9,000 risk management professionals from April 11th to the 16th. The conference will feature guest speaker Colin L. Powell, former U.S. Joint Chief of Staff. It will also host more than 150 educational programs and 40 industry […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
