Claims

Cunningham Lindsey Group signs agreement with private equity firm

Cunningham Lindsey Group has signed a definitive agreement regarding substantial investment from Stone Point Capital, a private equity firm, and the buy-out of Cunningham Lindsey Group’s minority shareholders. Under the agreement, Stone Point will acquire a 51 per cent interest in the operating companies of Cunningham Lindsey in return for an investment of approximately US$80 […]

November 30, 2007

1 min read

ICBC reports increasing profits and claims costs

The Insurance Corporation of British Columbia (ICBC) has reported strong financial results for the first nine months of 2007, but remains cautious of increasing claims costs. Net income for the first nine months of 2007 was $526 million, an increase of $142 million compared to last year, with $133 contributed by the sale of the […]

November 30, 2007

1 min read

Stewart Ponton elected president of the International Institute of Loss Adjusters

Stewart Ponton, chair of McLarens Canada, has been elected president of the International Institute of Loss Adjusters (IILA). “As former national president of the Canadian Independent Adjusters’ Association, and with McLarens, Stewart has certainly proven his leadership and commitment to the independent adjusting profession in this country over the years,” Fred Plant, CIAA president and […]

November 30, 2007

1 min read

Cunningham Lindsey Appointments

Robert Seal, president and CEO, Cunningham Lindsey Canada, has announced the appointment of Albert Poon to vice president, strategic business development. In this new position, Poon will lead the marketing and sales team and provide strategic direction for the promotion of claims solutions within the Canadian insurance and risk management industries. Poon will assume these […]

November 30, 2007

1 min read