Industry
Tony Thompson, founding publisher of Thompson’s World Insurance News passed away in his sleep in Toronto recently. He was 67. Thompson, widely respected throughout the insurance and media industries, started his weekly publication in 1988 as a one-man operation and built it up into one of Canada’s top insurance publications. Born in England, he arrived […]
February 28, 1999
1 min read
PMSC Ltd. has appointed Patrick Vice to the position of director of sales. Vice brings to the position over 18 years of experience in the insurance industry. David Wilmot has been named senior vice president and manager of Toa-Re Insurance Company of America and will serve as chief agent for the company’s new Canadian branch. […]
Risk
Risk managers believe they have gained a small victory on the quality of service battleground with the insurance industry. The Risk & Insurance Management Society Inc. (RIMS) and global-brokers J&H Marsh & McLennan recently issued a joint statement to the effect that the brokerage has agreed to reveal contingency commission arrangements to clients on request. […]
2 min read
There are few leaders in the Canadian property and casualty insurance industry applying an optimistic view of business and earnings growth in 1999. In fact, premium growth across the lines is unlikely to exceed the country’s expansion of gross domestic product (GDP) for the year with the industry’s average combined ratio rising to neutralize any […]
By Sean van Zyl, Editor | February 28, 1999
4 min read
Home
Richard Patina, president of Lombard Commercial Lines and Robert Taylor, president of London Guarantee have announced the formation of a strategic alliance between the two insurance companies to refer business that falls within their respective areas of specialty. Lombard will refer to London Guarantee accounts seeking coverage for certain types of directors’ and officers’ liability, […]
Reduced profitability, rising underwriting losses, increased competition and higher technology costs are likely to form the stage for the North American property and casualty insurance industry in 1999, according to the vast majority of respondents in an Insurance Information Institute (III) survey conducted at the annually held Joint Industry Forum which recently took place in New York City.
By Lowell Conn and Sean Van Zyl | February 28, 1999
The fair-weather profit years which the property and casualty insurance industry has enjoyed since the mid-1990s is likely to run into a storm in 1999 with companies generating single digit returns on equity (ROE). Projections based on third-quarter StatsCan data suggests that the p&c industry achieved a modest 3% growth in premium income for 1998, […]
By Ted Belton, director of research at RBC Underwriting Management | February 28, 1999
3 min read
Health management services have been an all or none proposition for corporate Canada. A company traditionally has to buy a bundle of services from one provider or assemble a program from a group of vendors. Liberty Risk Services Canada wants to change that. The Toronto-based company is taking a new tactic to health management with […]
Single Male, Age 20 $1,245 $3,256 $4,906 Single Female, 20 $1,245 $1,901 $2,855 Single Male, 30 $1,160 $1,036 $1,429 Married Male, 45 Married Female,42$1,096$1,819$2,684 Single Male 17 Married Male 55 Married Female, 52$1,096$897$1,186 Driver Vancouver Calgary Toronto Single Male, Age 20 $1,245 $3,256 $4,906 Single Female, 20 $1,245 $1,901 $2,855 Single Male, 30 $1,160 $1,036 […]
By Shelley Boyes | February 28, 1999
8 min read
Zurich Canada has announced the acquisition of World Travel Protection (WTP), a Canadian travel insurance assistance and administration company. WTP offers travel insurance administration, case management and health information services to large institutions in the affinity and employee group markets. Prior to the acquisition, Zurich Canada held a 50% equity interest in WTP. Full ownership […]
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