Industry
Dominion of Canada General Insurance has joined the growing rank of insurance companies offering broker call centre services. In the spring of this year Dominion will launch Chieftain Insurance in the Alberta and Ontario personal lines markets. Dominion president George Cooke says Chieftain will initially offer a personal auto and property product sold through an […]
February 28, 1999
2 min read
Hambro Insurance Services Group (HIS), a recently acquired subsidiary of Lindsey Morden Group Inc., has sold its 33% interest in Oracle Service Network Corporation — a provider of roadside and other assistance services in the U.S. and Canada — to Tampa-based Sykes Enterprises for 486,892 Sykes common shares. Sykes, an outsourcing consultant firm specializing in […]
1 min read
Risk
Every end is a new beginning. This has never been truer than in today’s fast paced world where everyone and everything is constantly being reinvented. As I look at my career in the risk management field, I can see that risk management is an evolutionary process where people and companies become more aware of their […]
By Richard Saylor, a risk management consultant and former risk & i | February 28, 1999
6 min read
Despite deteriorating conditions in the property and casualty insurance market, insurers continue to slash already low premium rates. Market observers forecast this trend to continue for at least 24 months as insurers prioritize marketshare over revenue prosperity. Simply put, the insurance price war – particularly intense in the commercial lines arena – can only lead […]
By Lowell Conn and Sean van Zyl | February 28, 1999
8 min read
The risk management profession is coming of age, says Susan Meltzer the incoming president of the Risk and Insurance Management Society Inc. Meltzer will be the fifth Canadian president to take the reins of North America's most prestigious organization representing the development of risk managers. She is also the first Canadian woman to occupy the presidency chair of RIMS, a task she does not find daunting in the least. Her message: it's time for risk managers to look ahead.
As I approached the first aisles of the “Exhibitors’ Showcase” it occurred to me for perhaps the sixth or seventh time just how technologically advanced our business had become. The three-day-long brokers’ convention had started, and half of the convention floor in our city’s largest hotel had been converted into an impressive showcase of computers […]
By Axiom | February 28, 1999
9 min read
News
3 min read
Claims
Dear editor: The following correspondence has been sent by Noble Insurance, an Ontario-based insurance brokerage, to Robert Gunn, president of Royal Insurance Company of Canada, Noel Walpole, president of Economical Insurance Group, Robert Landry, president of personal finance solutions at Zurich Canada and George Cooke, president of Dominion of Canada Insurance Company. The letter was […]
Vector Intermediaries Inc. (ASE: VTE) has entered into an agreement to sell its British Columbia operations. Regional vice president of Western Canada Rich Commerford has agreed to purchase Burnaby-based Charlton Insurance Agencies Ltd. as well as Macnaughton & Ward in Surrey and Langley, transactions that are a part of Vector’s continuing restructuring efforts and to […]
The ramifications of the millennium bug are already hitting insurers, says Crawford Adjusters Canada vice president Glenn Gibson, who recently addressed a capacity crowd at the SCOR Canada/Lang Michener Claims Symposium in Toronto. Already in the U.S. – where the bulk of Y2K litigation is currently taking place — over 200 lawsuits have been settled […]
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