Industry
The Toronto Society of Fellows hosted its 6th annual charity ball recently at the Toronto Marriott Eaton Centre. The black-tie affair, which included dinner, dancing, a silent auction and a live auction hosted by CITYTV’s Gord Martineau, raised $150,000 for the Starlight Children’s Foundation and drew a capacity crowd of more than 540 people. Christina […]
July 31, 2000
1 min read
Listening to the words of the financial services regulators, at both the provincial and federal levels, it would appear that a dim light is beginning to show at the end of the long tunnel of regulatory reform — an issue which numerous lobby organizations from across the insurance industry have been striving toward for years. […]
4 min read
The Chicago-based CNA Group is the latest of reinsurance players to be placed on the injury list as a result of losses on Canadian business. CNA Re, which writes its business in Canada through a wholly-owned U.S. registered subsidiary, Niagara Fire Insurance Company, has axed its Canadian management team and shifted control of the book […]
2 min read
The Board of Directors of CG&B Group Inc. of Ontario announces that Jeff Brandham has been appointed president and chief executive officer. Brandham joined the insurance brokerage and financial services provider as a partner in 1979. AXA Canada has appointed Jean-Denis Talon, currently chairman of the board and president, to the position of chairman of […]
There is little wonder to why insurance company leaders are reluctant to embrace e-commerce wholeheartedly. Having being struck a double whammy of first “panel beating” their multi-million dollar legacy-based systems into shape for Y2K, then being told these same platforms are virtually obsolete in the approaching wave of “next generation” Internet-selling technology, any self-respecting executive […]
June 30, 2000
If bigger is better, then Paul Hancock's plans for the Canadian Independent Adjusters Association will be welcome news to its members. The incoming president has his eye squarely on expanding membership, increasing the association's profile, and making strides in the battle for industry self-regulation.
6 min read
The previously announced bidding process launched by broker network consolidator Equisure Financial Network (TSE:EFN) in search of a parent owner has reached the final level of negotiations. Equisure recently issued a news announcement stating that shareholders had accepted the creation of a shareholder rights plan allowing for the bidding process to commence. The first stage […]
In May’s Moves and Views, Mabel Sansom was incorrectly identified as the executive director of the Insurance Brokers Association of Ontario (IBAO) rather than her true position of executive director of the Insurance Brokers Association of Canada (IBAC). It was also indicated in the announcement, as did several other media, that Sansom would be resigning […]
Brokers across the country need to keep the pressure on federal and provincial legislators. This is the message Manitoba’s brokers heard at their annual conference in Brandon from the Brokers Association of Manitoba (IBAM) new president Gerry Corrigal. The recent release of the federal government’s new financial services legislation does not mean broker associations can […]
Following a dismal performance for the 1999 financial yearend, Canada’s largest private insurer Co-operators General Insurance Company reported significantly lower earnings for the first quarter of the current financial year. Net income for the first three months of this year amounted to $2 million compared with $7.6 million reported for the same period the year […]
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