Industry
While most of the public broker networks appear to have eased off on their acquisitional sprees, newcomer The Hub Group Ltd. has no intention of slowing down. In fact, the group's president Rick Gulliver has announced plans of a major thrust into the U.S. brokerage market in the year ahead, with the recent acquisition of a leading Chicago-based broker signaling the beginning of an ambitious campaign.
October 31, 1999
6 min read
Broker consolidator Equisure Financial Network Inc. (TSE: EFN) has in partnership with the ING group launched a new general insurance company to be licensed across Canada. Ownership of the new insurer, Northbrooke General Insurance Company of Canada, will be equally held by Equisure and ING Canada P&C Inc. Equisure president George Hutchison says Northbrooke will […]
2 min read
Although the public broker networks almost overnight captured 5% marketshare of Canada’s property and casualty insurance market in a stunning succession of acquisitions, the recent poor results of many of the operators, combined with a more wary investor attitude to non-blue chip stock offerings, has left many industry observers wondering to the long-term viability of […]
5 min read
Celebrating the 79th year of its annual convention, this year's Insurance Brokers Association of Ontario (IBAO) event included a discussion panel of global senior executives of the property and casualty insurance industry, their frank views forewarning of a new world of distribution ahead.
4 min read
The IBAO will continue pursuing its provincial “off-site” education program, which was launched at the association’s 1998 Convention, says Rodney Hancock, education chair. And, while the program has proven “highly successful” for a first year, he adds that some fine-tuning will be made to the 1999/2000 lineup. Hancock says the off-site education program’s 23 centres […]
Market Watch continued from page 38. The Insurance Brokers Association of Saskatchewan (IBAS) is in a “wait-and-see mode”, says president Keith Wilson, after the association’s recent conference in Saskatoon. The province’s brokers are still carefully watching the credit unions, who have expressed an interest in retailing insurance, while keeping tabs on the progress of the […]
1 min read
Peacefully, on October 19, 1999 Lewis Dunn, president and chief executive officer of CGU Group Canada Ltd., passed away surrounded by family. Beloved husband of Sandy, and father of son’s Chris, Greg (and wife Carolyn), daughter Carolyn and grandfather of Jessica. Born in Vancouver, Mr. Dunn obtained a BA in Math and Economics from the […]
Hurricane Irene, which moved from the Caribbean into southwest Florida with winds gusting at 75 miles an hour, dumped more than 18 inches of rain and caused widespread flooding in mid-October. The damage inflicted by Irene to the U.S. eastern seaboard follows closely on the heels of Hurricane Floyd which also produced widespread flooding despite […]
Technology was a dominant theme of the 79th annual IBAO Convention as Ken Orr, president of the association for the 1999/ 2000 term, issued a cautionary tone on the industry’s interface future. Speaking at the convention’s final day luncheon, he says development of single entry multiple company interface (SEMCI) has become critical to achieving the […]
As an industry within the personal financial services sector, our customers don't like us very much. To tell you the truth, I don't blame them.; The SAME PRODUCT,
September 30, 1999
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