Industry
As we completed our tour of the brokerage’s renovated offices, Saul led me into a small boardroom on the second floor. Three men sitting around the table rose to their feet. “Dave,” he said with a smile, “meet my three partners: Ted who handles our personal lines business, Ian who looks after the life side […]
September 30, 1999
8 min read
Queensway Financial Holdings Ltd. (TSE: QFH), recently the subject of a management purge by new U.S.-based majority stakeholders, has released its second quarter figures posting a significant loss over last year’s figures. For the first six months of 1999, the company reports a net earnings loss of $27.1 million in contrast to a net earnings […]
1 min read
In a new study released on insurance mergers & acquisitions and public equity offerings for the first half of 1999, Conning & Company reports an overall 71% decline in activity value and a 9% decrease in the volume of transactions when compared with that of the first six months of 1998. The value of merger […]
2 min read
Data security consultants NCR Corporation recently held a meeting for Canada’s business leaders in the retail, financial, telecommunications, insurance and government sectors, entitled “Consumer Privacy: Good for Business”. The session examined how Canadian organizations can balance the global demand for data privacy and protection, with their marketing and customer service strategies. Panelists included Dr. Ann […]
Jim Ball, appointed president of the Insurance Brokers Association of Canada (IBAC) for the 1999/2000 term at the association’s recently held annual general meeting in Winnipeg, Manitoba, predicts a secure future ahead for independent brokers. However, like the inevitability of death and taxes, the broker profession cannot ignore the fact that the insurance industry is […]
In a move paralleling Equisure Financial Network’s 1997 acquisition of wholesale broker South Western Group, broker network The Hub Group has purchased KMS Insurance. Terms and the value of the transaction were not released. Rick Gulliver, president of Hub, says the acquisition was a strategic investment for the public broker group. “We made the deal […]
H. Rodrigues, chair of Facility Association and George Anderson, president of the Insurance Council of Canada have announced the appointment of Stan Griffin as president and chief executive officer of Facility Association. The appointment represents an expected one-year secondment from his position as Insurance Bureau of Canada (IBC) vice president, Ontario region. Mark Yakabuski, IBC’s […]
August 31, 1999
The Dominion of Canada General Insurance Company’s answer to the direct writing threat, Chieftian Insurance, is one of the future consumer-interaction options open to brokers, predicts Alan Hanks, vice president field operations of the new company. Hanks outlined the broad objectives of Chieftian, which is broker-based but employs a direct writing electronic approach to reaching […]
Whether traditional players in the property and casualty insurance industry continue to hold the lion's share of business will depend on their willingness to embrace consumer-driven technologies and boost productivity, delegates attending the recently held Strategy Institute conference were told. In particular, the pressure of higher consumer expectations coupled with increased competition from new players to insurance will be felt mostly in the personal lines arena, the speakers warn.
Given the breath-taking surroundings, subjects like e-commerce, branding and reducing work-related stress should have been far from the minds of delegates at the 76th Annual Insurance MarketingCommunications Association conference.
4 min read
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